Malwina Wilk Real Estate

11/04/2021

ᴡɪʟʟ ᴡᴇ ꜱᴇᴇ ᴀ ᴡᴀᴠᴇ ᴏꜰ ꜰᴏʀᴇᴄʟᴏꜱᴜʀᴇꜱ ᴄᴏᴍɪɴɢ? 🤔

Probably not. Out of 1.22 million homeowners who are currently in forbearance, 93% have equity in their home due to the rise of home prices over the last two years. This enables homeowners to sell their homes and pay expenses, instead of facing foreclosures.

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago.

10/21/2021

A few things to consider when thinking about buying your first home 🏡✨

✔️ Focus on your credit score. Make sure you don't do something that may have a negative effect on it.
✔️ Work on having a little extra on the side for a down payment and costs associated with purchasing a home.
✔️ Figure out your budget and what monthly payment you are comfortable with.
✔️ Find a realtor to help guide you through the whole process from applying for a pre-approval to closing.
Reach out to me with any questions 😉

10/13/2021

What’s causing today’s competitive housing market?? 💡🏡

09/15/2021

Sad truth.

"Younger Americans shouldn't have to choose between education and homeownership, and NAR continues to pursue policies that ensure the American dream remains available"

Americans with high student debt often must choose between investing in their retirement, purchasing a home, getting married, starting a family, or general savings.

09/14/2021

What are the top best places to live in the U.S?⛰ 🏝

As of 2021, U.S. News looks at data including the cost of living, job market, crime rates, quality of education and more.

Out of 25 best places, it looks like COLORADO and FLORIDA are on top - being listed four times each! Is this even a surprise? 😍

1. Colorado - Boulder, Colorado Springs, Denver, Fort Collins
2. Florida - Sarasota, Jacksonville, Naples, Melbourne
Two other states on top were North Carolina and Wisconsin

The full list is here:

https://realestate.usnews.com/real-estate/slideshows/25-best-places-to-live-in-the-us

09/11/2021

Home building materials keep increasing😦

Even though lumber prices decreased, other building materials keep increasing from year to year making new home construction more expensive. The graph below shows the percentage by which each material increased.

09/09/2021

Happy Thursday! 🤩

For those of you who can't decide whether to start looking for homes now or wait to buy, below is a little bit of information. The market was boiling, now it's hot. Interest rates are still very low, but they will go up at some point in time. Buying when rates are low, even if the home price is higher, still results in a lower mortgage payment and saves you money🤑

08/31/2021

It looks like the housing market won't slow down, and neither will home prices 💨 🙉 🏠

Economists are predicting the housing market will continue to stay very strong into the fall. Why? Although inventory is slightly increasing, buyer demand will continue due to record low mortgage rates. The market may not be as crazy later this year as we have seen, but buyers will still face heavy competition.

The housing market typically slows in autumn, but increased inventory could help to satisfy consumers still looking to buy.

08/30/2021

Housing market report for the St. Louis area for July 🏠

➡️ Median home sales price: $272,000 - up 11% from 2020
➡️ Number of homes for sale: 2,925 - down almost 22% from 2020
➡️ Average days homes were on the market - 21 days vs. 36 days in 2020

08/30/2021

City officials encourage renters to attend walk-in rental assistance clinics.