Welcome to "This Week In Real Estate - and more"

Here you'll find information about the local real estate market along with helpful information about buying, selling, financing, home repairs, and even upcoming local events!  We hope you'll make this blog a regular stop and please feel free to interact with the community of Ascend Realtors, it's agents, clients, and everyone else who stops here.  

Aug. 10, 2020

How Is Remote Work Changing Homebuyer Needs?

How Is Remote Work Changing Homebuyer Needs?

How Is Remote Work Changing Homebuyer Needs? | MyKCM

With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close to my company’s office building? Do I need a larger home with more office space? Would making a move to the suburbs make more sense for my family? All of these questions are on the table for many Americans as we ride the wave of the current health crisis and consider evolving homeownership needs.

According to George RatiuSenior Economist for realtor.com:

"The ability to work remotely is expanding home shoppers' geographic options and driving their motivation to buy, even if it means a longer commute, at least in the short term…Although it's too early to tell what long-term impact the COVID-era of remote work will have on housing, it's clear that the pandemic is shaping how people live and work under the same roof." 

Working remotely is definitely changing how Americans spend their time at home, and also how they use their available square footage. Homeowners aren’t just looking for a room for a home office, either. The desire to have a home gym, an updated kitchen, and more space in general – indoor and outdoor – are all key factors motivating some buyers to change their home search parameters.

A recent realtor.com-HarrisX survey indicates:

“In a June poll of 2,000 potential home shoppers who indicated plans to make a purchase in the next year, 63% of those currently working from home stated their potential purchase was a result of their ability to work remotely, while nearly 40% [of] that number expected to purchase a home within four to six months and 13% said changes related to pandemic fueled their interest in buying a new home.

Clearly, Americans are thinking differently about homeownership today, and through a new lens. The National Association of Home Builders (NAHB) notes:

“New single-family home sales jumped in June, as housing demand was supported by low interest rates, a renewed consumer focus on the importance of housing, and rising demand in lower-density markets like suburbs and exurbs.”

Through these challenging times, you may have found your home becoming your office, your children’s classroom, your workout facility, and your family’s safe haven. This has quickly shifted what home truly means to many American families. More than ever, having a place to focus on professional productivity while many competing priorities (and distractions!) are knocking on your door is challenging homeowners to get creative, use space wisely, and ultimately find a place where all of these essential needs can realistically be met. In many cases, a new home is the best option.

In today’s real estate market, making a move while mortgage rates are hovering at historic lows may enable you to purchase more home for your money, just when you and your family need it most.

Bottom Line

If your personal and professional needs have changed and you’re ready to accommodate all of your family’s competing priorities, let’s connect today. Making a move into a larger home may be exactly what you need to set your family up for optimal long-term success.

May 21, 2019

When it is a seller's market

If you liked it...

...then you should've put an offer on it!  

A good real estate professional will help you make a decision quickly, not abruptly!

It is still a crazy seller's market, and whether you've been looking for your new house for a while or are just getting started, you've probably already figured out that you aren't likely to get the opportunity to "sleep on" your decision to buy a particular house.  

sold housesHow can you make such an important decision quickly and feel confident that you aren't making a mistake?  You need an adviser that you can trust, who has taken the time to know exactly what you want and need.  Your real estate professional must be completely focused on your wants and your needs concerning your next home.  By sharing your "must have" list and your "want" lists with them, along with information about how you go about your daily lives, your real estate agent can help evaluate each property WITH you but remain completely objective.  You get the freedom to "fall in love" with a house, while your professional adviser takes charge of making sure that all the right boxes are checked!  When that agent says you should probably make an offer, it is probably time to make an offer.  

When you call an agent and request a showing but he or she fails to find out a great deal about you and what you want and need in your next home, you simply have not contacted the right agent!  There are many great real estate professionals out there and you can find one at most every real estate company.  Choose the agent that you believe can help you make the right choice quickly rather than any choice abruptly!  

Remember, this process should be exciting and fun!  Settle in with a great agent and enjoy the journey that will lead you to your new home!

 

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates