Posts related to various topics on this blog.

Is The Housing Hangover Finally Clearing?

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What a Renewing Market Reveals About Households, Stability, and the Path Forward

For a few years now, the housing market has felt strangely suspended. Buyers were frustrated, sellers were hesitant, and real estate professionals were left trying to translate a market that many described as “soft,” even though prices barely moved. The truth is simpler. We weren’t in a soft market. We were in a hangover.

A recent analysis from Home Economics puts a clear frame around it. During the pandemic, America didn’t just see a housing boom. It experienced a massive acceleration of demand. People moved earlier than they planned to. They bought sooner than they expected. They reshuffled their lives all at once. That surge pulled years of normal transactions into a twenty-four month window.

Once the frenzy passed, the market didn’t collapse. It just went quiet. National home prices stayed firm, but the number of homes changing hands dropped to levels we hadn’t seen in over a decade. Households weren’t unwilling. They were exhausted.

Now, according to new data, roughly eighty-five percent of that excess activity has been absorbed. And the early signals of a market waking up are finally visible. Pending sales are declining more slowly than usual. Some regions are seeing atypical seasonal strength. Nothing dramatic, but unmistakably different from the stillness of the past couple years.

The fog is lifting.

Why prices held while activity fell

Housing behaves differently from most markets. When conditions worsen, prices often don’t fall the way economic theory predicts. Homeowners tend to hold firm, resisting the idea of selling at a discount. The adjustment happens instead through reduced activity. Fewer moves. Fewer listings. Longer periods of staying put.

Mortgage rate lock-in made this even stronger. When millions of households refinanced into two and three percent mortgages, they anchored themselves to a financial position too good to walk away from. Rising rates didn’t slow the market because people couldn’t afford houses. They slowed the market because people couldn’t afford to give up what they already had.

As a result, the next wave of listings will come from life itself. The classic 4 Ds remain the strongest driver of inventory: diapers, divorce, death, and diplomas. These moments continue regardless of interest rates or economic cycles, and they will shape the renewed flow of housing activity in the years ahead.

What this transition means for buyers and sellers

This next phase of the market won’t feel like the rush of 2021. It will feel like a gentle turning of the tide.

For sellers

Households that stayed frozen through uncertainty will revisit old decisions. The move they postponed might start to make sense again. It won’t be speculative. It will be practical.

For buyers

Opportunity windows are likely to open quietly. Inventory will grow in small steps. Competition will return in waves. Buyers who stay engaged — even in a challenging affordability environment — may find options appearing earlier than expected.

For investors

The emotional highs and lows of the pandemic cycle have faded. Solid underwriting matters again. Steady cash flow, property condition, location, and tenant stability are back to being the real indicators of long term value.

For real estate advisors

This is the moment to shift the narrative. The market isn’t frozen anymore. It’s recalibrating. Guidance rooted in context, not hype, will be the advantage that earns trust.

What the housing cycle exposes about household resilience

The past several years revealed something deeper than market mechanics. They exposed how fragile household-level decision making has become. A simple rise in interest rates was enough to trap millions of families in place. Not because they lacked courage or creativity, but because the structure of our economic life gives households very few levers to pull.

A healthy society shouldn’t grind to a halt because the cost of money changes.

Households deserve a greater margin for adaptation. They need more than the ability to consume the latest device or follow broad economic trends. They need the capacity to produce — to build skills, build stability, build networks, build financial buffers, and build the kind of internal strength that makes external shocks less defining.

When households shift even a small portion of their focus away from consumption and toward productive capacity, they gain room to maneuver. They become less vulnerable to rate cycles, job changes, supply shortages, and policy swings. They gain agency. They regain choice.

And that’s the quiet lesson of the past few years. The market didn’t simply cool off. It revealed how much stability households have surrendered to forces they can’t control.

Looking ahead

The clearing of this housing hangover is a good sign. A more balanced cycle is emerging. Households are starting to move again. Transaction volume is returning. But the larger lesson remains. If we want households to navigate the next decade with confidence, the solution won’t come from perfect interest rates or perfect timing.

It will come from strengthening the household itself.

Families, individuals, multigenerational homes, and chosen networks all deserve more resilience than the past cycle allowed them. The more we equip households to build stability on their own terms, the less they will be thrown off course by the next disruption.

Because in the end, the health of the housing market always reflects the health of the households inside it. And right now, those households are telling us something important. They’re ready to move again. They just need a little more room to breathe.

Seacoast NH and Southern Maine Real Estate Market Trends – Late 2025

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The Seacoast housing market is experiencing a shift towards more balanced conditions, with higher inventory and a less frenzied pace than during the pandemic boom.

Inventory Rebound and Market Shift

Inventory of homes for sale in the Seacoast region has risen significantly in recent months, marking a notable shift in market dynamics. In New Hampshire, active residential listings jumped roughly 20% from late summer 2024 to late summer 2025 [src], reaching over 3,300 homes on the market statewide by September 2025 [src]. The immediate Seacoast area (Rockingham County, NH) mirrored this trend: the number of single-family homes for sale in September was up 23% year-over-year [src] – the highest inventory level seen since 2020 [src]. This influx of listings is easing the extreme shortage that defined the pandemic-era housing frenzy. Months of supply, while still low, has edged upward; Rockingham County had about 2.1 months of supply in September, up from 1.8 months a year prior [src]. (A truly balanced market is around 6 months of supply, for comparison [src].) Overall, buyers are finally seeing more options, signaling a gradual shift toward market balance even if conditions remain mildly in sellers’ favor.

Slower Sales Pace and Increased Buyer Leverage

Homes are generally spending a bit more time on the market now, as buyer competition cools from its peak intensity. In Rockingham County, the median days on market for single-family homes rose from just 16 days last September to 24 days in September 2025 [src] – a 50% increase year-over-year. Similarly, the average time to sell across the broader Seacoast (NH/ME) region in early fall was on the order of 40 days [src], indicating that not every listing is getting snatched up in the first weekend anymore. (By comparison, the statewide average in Maine is about 18 days on market [src] – faster in the high-demand coastal counties and slower in rural areas.) With more choice and a less frantic pace, buyers have gained some negotiating power. The share of listings with price reductions has inched up, and final sale prices are now coming in slightly below asking on average (~98–99% of list price, whereas a year ago many sellers were getting over asking) [src][src]. Bidding wars are less common than during 2020–2022, and house hunters can afford to be a bit more selective on location and condition without rushing into the first property they see [src].

 

It’s worth noting that sales activity itself has not stalled – in fact, it has picked up despite higher interest rates. Rockingham County saw about 19% more single-family home sales this September than a year ago (277 closings vs. 232 in Sept 2024) [src]. Likewise, York County, Maine (which covers the Southern Maine coast) recorded roughly a 10% increase in home sales during the third quarter of 2025 compared to Q3 2024 [src]. This rebound in transactions suggests that there is still plenty of pent-up demand; buyers who sat out the ultra-competitive pandemic market, or paused when rates spiked, are now re-engaging as they adjust to the “new normal” conditions. In summary, while homes aren’t selling overnight as often, they are selling – and the balance of power is inching back toward equilibrium between buyers and sellers.

Home Prices: High but Stabilizing

Prices in the Seacoast remain historically high, but the rate of appreciation has clearly moderated from the double-digit annual gains seen a couple of years ago. In New Hampshire’s Seacoast (Rockingham County), the median single-family sale price was about $665,000 in September 2025 – roughly a 4–5% increase from $635,000 a year prior [src]. A month earlier, in August, Rockingham’s median house price reached $689,000, which was up a somewhat higher 7.7% year-over-year [src]. Southern Maine’s coastal market shows a similar pattern of moderate growth: for example, York County’s median sale price for the July–Sept quarter was approximately $550,000, up ~4.3% from the same period in 2024 [src]. These coastal NH/ME areas continue to command a premium – for context, the median price statewide in Maine was $402,500 in September [src], and the overall Northeast region’s median is around $500K [src]. The strong draw of the ocean, quality of life, and proximity to job centers (Boston and Portland) keeps home values in the Seacoast elevated relative to many other areas.

 

That said, there are emerging signs of price leveling. Maine as a whole actually saw its median price tick down by 1.35% in September compared to a year ago [src] – only the second time since 2019 that Maine has posted a year-over-year decline in home price, reflecting a post-frenzy normalization. The condo/townhome segment also appears to have plateaued or even softened slightly in price. For instance, New Hampshire’s statewide condo median price was 0.7% lower in Sept 2025 than a year prior (around $407K vs $410K) [src], whereas single-family medians were still up a few percent. We’re no longer seeing the across-the-board double-digit price surges of the pandemic era; instead, price trends are mixed. High-end properties are still fetching record prices in some cases (the Seacoast set a new September record with 25 homes sold above $1 million, including a $4.2M sale in Rye) [src]. But overall, sellers now must price homes realistically to attract buyers. Overpriced listings are more likely to sit on the market and eventually require price reductions. In short, home values in the Seacoast remain strong and near peak levels, but growth has downshifted to a sustainable pace, and in some sub-markets prices are essentially flat year-on-year.

Land and New Construction Activity

The pace of new construction remains a critical factor for the Seacoast housing outlook. Home builders have been cautious in the face of high construction costs, labor shortages, and more expensive financing for development. As a result, new housing starts in the region have not kept up with the demand surge of recent years, contributing to the persistent inventory shortage. This year, there are signs of slightly increased building activity – for example, building permit data and anecdotal reports indicate modest growth in single-family home construction across New Hampshire in 2025, but not a dramatic spike. Many builders continue to focus on higher-end projects or custom homes (where buyers can absorb the cost), given that affordability challenges make entry-level development tricky.

 

Land sales on the Seacoast have been a smaller segment of the market, but they’re worth noting. With limited existing homes to choose from, some frustrated buyers have considered purchasing land to build their own home. The inventory of land listings has increased alongside residential listings, giving buyers more opportunities to buy a lot. However, the appetite for land is tempered by the reality of construction costs – after buying the land, building a new house remains significantly pricier than pre-pandemic due to material and labor expenses. Thus, land is moving, but often slowly, and primarily in cases where the location is highly desirable or the buyer is a developer/investor.

 

On a positive note, some new developments are moving forward which should add to housing supply. A notable example is a major apartment project in Portsmouth: a 360-unit rental housing complex secured financing and began construction in October 2025 [src]. This kind of multi-family development aims to alleviate some pressure in the rental and housing market by providing more options (even though it’s not single-family homes, it could ease competition by giving would-be buyers a rental alternative). Overall, new construction in the Seacoast remains below the level needed to fully close the supply gap, but the combination of gradual regulatory reform (e.g. eased zoning to allow more units) and continued demand is keeping builders interested. We expect to see continued incremental growth in new home construction and land development, especially if interest rates stabilize to make development financing more feasible.

Economic Factors Influencing the Market

Mortgage interest rates have been the dominant economic story impacting real estate in 2023–2025. After the record-low rates of 3% in 2020, rates climbed sharply over the past two years. Throughout 2025, a 30-year fixed mortgage hovered in the 6.5% to 7% range, a level not seen in about 20+ years, which has stretched affordability for buyers [src]. By early fall 2025, rates even briefly eclipsed the 7% mark (many lenders were quoting around 7.2–7.5% in late September). The high borrowing costs slow some would-be buyers, especially first-timers, and also discourage homeowners with ultra-low existing mortgages from selling (the so-called “lock-in effect” trapping housing inventory). However, there was a bit of good news on this front entering autumn: mortgage rates eased back down slightly in October, dipping toward the mid-6% range [src]. This retreat came as financial markets anticipated that the Federal Reserve might finally start cutting benchmark rates in 2025 if inflation cools. The result is that mortgage applications have ticked up compared to last year [src] – indicating that buyers are adjusting their expectations and moving forward despite the rate environment. Many buyers have adopted the mindset of “date the rate, marry the house,” knowing they can refinance later if rates fall, whereas the opportunity to buy a suitable home in the Seacoast (with its limited supply) might not come often. In sum, high interest rates have certainly cooled the market from its peak, but they have not frozen it; motivated buyers and sellers are finding ways to transact, and any consistent drop in rates could unleash a wave of pent-up demand.

 

Another recent factor was the federal government shutdown that began on October 1, 2025. While short-lived (lasting only until mid-October), the shutdown introduced some uncertainty into the marketplace. In areas with a high concentration of federal employees, real estate activity did pause noticeably – new listings declined and buyer search traffic dipped as those workers faced paycheck delays [src]. Fortunately, the Portsmouth Seacoast area does not have a large federal workforce presence, so the direct impact here was minimal. Local realtors reported only a few minor ripple effects, such as slight delays in processing certain government-backed loans and a general “wait and see” hesitance that resolved once the shutdown ended. Nationally, housing metrics for October showed no major departure from normal seasonal patterns due to the brief shutdown; essentially, it pressed pause on some buyers’ and sellers’ plans rather than derailing the market [src]. By November, any backlog in mortgage underwriting or paperwork was clearing up. The episode was a reminder, however, that broader economic disruptions (like a prolonged shutdown or a recession) could pose risks to the housing market’s momentum.

 

Beyond rates and federal politics, the general economy of New Hampshire and Maine has remained relatively solid, which underpins the housing market. Unemployment in both states is low (near 2–3%), and wage growth has helped some buyers offset higher mortgage costs. That said, affordability is a growing challenge – high prices and rates mean the typical New Hampshire family now struggles to cover basic living expenses, according to one report [src]. This has policymakers and communities focused on increasing housing supply. Both states have seen new laws and initiatives aimed at encouraging more construction, such as accessory dwelling unit legislation and local zoning reforms, to gradually improve affordability [src][src]. These efforts will take time to bear fruit, but they signal that housing is now a top economic priority. In the meantime, the Seacoast real estate market is navigating the cross-currents of a strong local economy, lingering post-pandemic demand, and the headwinds of high financing costs.

Regional and National Context

The trends observed on the Seacoast largely align with broader regional patterns in the Northeast, while the national picture provides useful context. According to the National Association of Realtors, the Northeast U.S. saw existing home sales rise about 4.3% year-over-year in September 2025, and the regional median price increased 4.1% to roughly $500,300 [src]. Those figures are very much in line with the ~4–5% price upticks and improved sales volumes we’re seeing in places like Rockingham and York counties. The Northeast in general has maintained tighter inventory relative to other parts of the country [src] – which helps explain why our region’s prices are still inching up modestly, whereas some high-supply Sun Belt markets have seen slight price declines. Indeed, a recent analysis noted that the Northeast and Midwest markets often still have more buyers than homes, keeping pricing firm, while many Southern and Western markets now have more supply and longer selling times [src]. The Seacoast, with its enduring desirability and limited land for development, exemplifies the Northeast’s resilience in a cooling national market.

 

On a national level, the housing market in late 2025 is cooler than the pandemic frenzy but far from a crash. Inventory is gradually improving from rock-bottom levels – active listings nationwide in October were about 15% higher than a year prior [src] – yet supply still remains below historical norms (total U.S. inventory is reportedly ~13% under the typical 2017–2019 level) [src]. Home price appreciation nationally has essentially flattened out; the median list price in the U.S. was up a mere 0.4% year-over-year as of October [src], and some metrics (like Case-Shiller indexes) even show minor price declines in recent months for certain cities. Sales volumes remain subdued compared to pre-pandemic times – roughly 4.0 million existing home sales (annualized) are occurring, which is a low level historically (by contrast, 2019 saw around 5.3 million sales) [src]. High mortgage rates and affordability challenges are the common culprits nationwide.

 

Despite these headwinds, the Seacoast NH/Southern Maine market has been outperforming the national averages in several respects. Our region’s inventory increase has been larger and faster, which, counterintuitively, has allowed more sales to occur and kept price growth modest but positive. Essentially, we’re seeing a healthier churn: more people are able to move as inventory loosens up, without prices collapsing. This reflects the strong underlying demand in coastal New England – many buyers are still actively looking to relocate here for jobs, lifestyle, or retirement, even if it means paying more for less house than in other parts of the country [src]. Meanwhile, sellers are generally not under distress; most have significant equity, and with the job market solid, we aren’t seeing forced selling or spikes in foreclosures. All this contributes to a relatively resilient market on the Seacoast, even as the national housing scene adjusts to a post-boom, high-rate environment.

 

Outlook: Heading into the end of 2025 and the start of 2026, experts anticipate that the Seacoast housing market will continue trending toward equilibrium. Seasonally, activity will slow in the winter (as is typical in New England), then likely rebound in the spring. Barring any major economic shock, we expect moderate price changes (flat to single-digit growth) and further gradual inventory gains in the coming year. One Maine realtor observed that getting back to a truly balanced market “is going to be slow and gradual, but… signs show we’re going in that direction” [src]. Buyers can take heart that they face less competition and more negotiating room than in the past few years. Sellers, on the other hand, can still achieve strong prices – especially if they work with their agents to price correctly in this evolving market. The consensus is that we are “moving beyond the pandemic frenzy” into a more stable phase [src]: one where sellers and buyers are on more equal footing, with increasing time on market and pricing concessions becoming more common. In sum, the Seacoast real estate scene remains vibrant, but with a calmer, more sustainable pace. The combination of slightly higher supply, tempered demand, and an improving economic backdrop should make for a healthier housing market – one that continues to attract new residents and investment to the Portsmouth-area and Southern Maine, without the runaway imbalances of the recent past.

Staying Connected to the Market: Why I Still Tour Every Broker Open

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Making Sense of the Market — One Open House at a Time

There’s something grounding about walking through homes on a crisp fall morning. No spreadsheets, no headlines — just real walls, real light, and the quiet hum of conversation between agents trying to make sense of it all.

Broker open house tours have always been part of the job, but lately, they feel different. There’s a collective curiosity in the air. Everyone’s asking the same question in one way or another: What’s really happening out there?

Interest rates have settled into an uneasy rhythm, sellers are recalibrating expectations, and buyers — cautious but still eager — are testing the waters again. Some listings sit longer than expected; others go under agreement overnight. It’s a market that rewards close observation more than ever, and that’s why being out there, seeing inventory firsthand, feels essential.

Here on the Seacoast and across Southern Maine, the story mirrors what’s happening nationally — fewer new listings, steady demand in desirable pockets, and buyers who are selective but ready when the right home appears. The difference is in the nuance: how a certain neighborhood holds its value, how a home’s layout can sway interest, or how small design choices suddenly matter again.

For me, these tours aren’t just about staying current; they’re about staying connected — to the people, the patterns, and the pulse of the market as it shifts in real time.

If you’ve been wondering what’s really happening out there, or just want a clearer picture of where things might be headed, reach out. I’m always willing to chat about real estate.

— Dan

Why I’m Moving from Compass to Portside Real Estate Group

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Big changes often start with quiet reflection — and this one’s been a long time coming.

After several great years with Compass Real Estate, I’m excited to share that I’ve joined Portside Real Estate Group, right here in Portsmouth, New Hampshire.

This move isn’t about leaving something behind — it’s about aligning more closely with where I’m headed. Portside’s independent, New England-born culture fits naturally with how I like to do business: relationship-driven, community-focused, and grounded in real conversations that lead to real results.

At Portside, I’ll continue serving the NH Seacoast and Southern Maine, helping buyers, sellers, and investors make confident, informed decisions about property — whether that’s a first home, a multifamily investment, or a long-term dream build.

If you’ve been following my work, you know my approach has always been simple: real estate is personal. It’s not about transactions — it’s about trust, timing, and the bigger picture of how a home fits into your life and financial story. Portside’s culture of collaboration, creative marketing, and local impact gives me the tools and support to bring that vision to life at an even higher level.

To my clients, friends, and followers: thank you for being part of this journey so far. I’m incredibly grateful for the trust you’ve placed in me — and I can’t wait to show you what’s next.

If you’re curious about what this means for you, or just want to stop by and say hi, you can now find me at Portside’s downtown Portsmouth office. Same number, same commitment, new chapter.

Here’s to growth, community, and the road ahead.
— Dan Freund
Advisor, neighbor, and your friend in real estate.

Pre-Approval vs. Pre-Qualification: What’s the Difference (and Why It Matters When Buying a Home)

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When you’re just starting out on your home-buying journey, one of the first pieces of advice you’ll hear is “Talk to a lender.” And more specifically, they’ll likely mention something about getting pre-qualified or pre-approved.

To many buyers—especially first-timers—these terms sound interchangeable. Spoiler: They’re not. Understanding the difference can save you time, avoid heartbreak, and give you a leg up in a competitive market.

Let’s break it down.

What Is Pre-Qualification?

Think of pre-qualification as a financial first date with a lender.

It’s typically a quick process—sometimes done online or over the phone—and doesn’t require official documentation. Instead, you verbally provide information about your:

  • Income
  • Assets
  • Debts
  • Employment status
  • Credit score estimate

Based on what you share, the lender gives you a ballpark estimate of what you might be able to borrow.

✅ Pros:

  • Fast and easy
  • Helps you start narrowing down price ranges
  • Doesn’t affect your credit score

⚠️ Cons:

  • Based on unverified info
  • Not a guarantee of what you can actually afford
  • Less meaningful to sellers

According to the Consumer Financial Protection Bureau, “pre-qualification is not a commitment to lend and doesn’t involve pulling your credit report” (CFPB.gov).

What Is Pre-Approval?

Pre-approval is more serious. Think of it as the engagement stage of your financial relationship with a lender.

This process involves a hard credit inquiry and requires submitting official documentation, such as:

  • Pay stubs
  • W-2s or tax returns
  • Bank statements
  • Employment verification

Once reviewed, the lender issues a pre-approval letter indicating exactly how much you’re approved to borrow and under what terms (pending final underwriting and appraisal).

✅ Pros:

  • Gives you a realistic buying budget
  • Shows sellers you’re a serious, qualified buyer
  • Often required when submitting an offer

⚠️ Cons:

  • Takes more time
  • May temporarily lower your credit score (due to hard inquiry)

According to Fannie Mae, pre-approval demonstrates to sellers that a buyer’s creditworthiness has been verified and they are likely to secure financing (FannieMae.com).

Why the Difference Matters

Let’s say you fall in love with a home listed at $450,000. You’ve been pre-qualified and feel confident. But when it comes time to make an offer, you learn during the pre-approval process that your debt-to-income ratio doesn’t support a mortgage that size. Oof.

Or worse—you’re up against another buyer who is pre-approved. Their offer? More appealing to the seller. You lose the deal.

💡 Pro Tip: In a competitive market, a pre-approval letter can be the difference between landing your dream home and missing out.

Which Should You Get (and When)?

If you’re in the “just looking” phase, pre-qualification is a fine first step. It helps frame your expectations. But if you’re even thinking about touring homes or making offers, get pre-approved. Sellers—and your real estate agent—will take you more seriously.

Bottom Line

Pre-QualificationPre-Approval
Info TypeSelf-reportedVerified with documentation
Credit CheckNoYes (hard inquiry)
AccuracyEstimateVerified and reliable
ValidityInformalFormal letter with buying power
Offer PowerMinimalStrong (often essential)

Final Thought from a Veteran Agent
I’ve watched too many buyers learn this lesson the hard way. Pre-approval doesn’t just give you clarity—it gives you credibility. And in today’s market, that can make all the difference.

So do yourself a favor: Get pre-approved before you fall in love with a listing. Your future self (and your agent) will thank you.

Need a referral to a great local lender?
Let’s chat. I work with professionals who are quick, communicative, and genuinely care about getting you home.

What Does the Fed’s Latest Interest Rate Cut Mean for You?

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If you’ve been following the news, you’ve probably heard about the Federal Reserve’s recent 0.25% interest rate cut. As a real estate consumer, you may be wondering how this could impact your home buying or selling plans. Let’s break down what this move actually means for you.

How Will This Affect Mortgage Rates?

Despite the headlines, this modest rate cut is unlikely to cause a dramatic drop in mortgage rates. Here’s why:

  • The financial markets had already anticipated this cut, so current mortgage rates already factor it in.
  • Mortgage rates are more closely tied to long-term economic indicators like the 10-year Treasury yield rather than the Fed’s short-term adjustments.
  • With strong employment numbers but ongoing inflation concerns, there is still upward pressure on mortgage rates.

What’s the Outlook for Mortgage Rates in 2025?

While the Fed’s move suggests some easing, forecasts for mortgage rates in 2025 still vary quite a bit:

  • Fannie Mae projects rates to hover around 5.9% in the first quarter.
  • The Mortgage Bankers Association forecasts a rate of roughly 6.2%.
  • Other analysts predict rates could reach as high as 6.6% depending on inflation and the market’s response to Fed policy.

The key factors will be how quickly inflation declines, the pace of economic growth, and whether the Fed needs to make additional rate changes.

How Could This Affect the Housing Market?

Even a modest rate decrease could help sustain buyer interest, but the persistently tight inventory may keep competition high:

  • Many existing homeowners are locked into very low mortgage rates, so they are less likely to sell and put their homes on the market.
  • We may see stronger demand in more affordable areas or for new construction.
  • While slightly lower rates may encourage some moves, high home prices will still challenge affordability for many buyers unless prices or rates drop further.

What Should Homebuyers and Sellers Be Aware Of?

Though the rate cut suggests some easing, there are still some risks to monitor:

  • If inflation remains stubbornly high, the Fed could decide against further rate cuts.
  • Potential economic slowdown could dent consumer confidence in housing.
  • Even slightly lower rates, home prices will still pose affordability challenges for many buyers.

The bottom line is that the housing market will likely remain volatile and unpredictable in the near future. As a buyer or seller, it’s important to stay informed, work closely with real estate and lending professionals, and be prepared for changing conditions.

By understanding the nuances of the current market, you can make more informed decisions about your real estate plans and position yourself for success, regardless of the interest rate environment. Let me know if you have any other questions!

Does A Swimming Pool Boost or Hurt Your Home’s Value?

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There’s nothing more satisfying than lounging around the pool in your own home on a sweltering day, with a cocktail or a book in hand. The kids, meanwhile, are busy practicing their dives or just lolling about on pool floats.

Having a pool has always been seen as an upscale bonus. But the naked truth is, some consider it necessary, while others view it as a deal-breaker. If you’re a homeowner who’s thinking about adding an in-ground pool and wonders whether it’s a wise investment and if it adds value to your property, continue reading to dive into the details.

According to the National Association of REALTORS® Remodeling Impact Report: Outdoor Features for 2023, homeowners who add in-ground pools to their properties can expect to recoup about 56% return on their investment.

At most, your home’s value might increase by 7% when it comes time to sell, according to HouseLogic. Still, that all depends on a variety of factors. Here are some of those circumstances:

  • If you live in a higher-end neighborhood and most of the homes have pools – In fact, not having a pool might make your home harder to sell.

  • If you live in states with warm climates – In the Sun Belt region, pools are commonplace and can be an attractive feature for potential buyers. Having a pool might be an expectation for your property, and the absence of one can affect your home’s value. But if you live in areas where the climate is generally cold and pools can be used only for a few months, having one is a perk but not a necessity. Buyers may pause and weigh carefully whether it’s worth the hassle.

  • If the pool is well-maintained and nicely designed – The condition and style of the pool are also crucial when it comes to fetching more value. A pool that’s been well-maintained, and has adjacent amenities, such as patios, shade structures, and outdoor furniture that make the surrounding area attractive, can boost your home’s value. If you’re selling, ensuring that the landscaping around the pool complements the pool in both style and design can be a huge advantage. On the contrary, a pool that’s been neglected and in need of repair can be an eyesore.

  • If your property is large enough to accommodate a pool – It also won’t add much value if the pool has been shoehorned into a small yard without having enough space for a garden and play area.

According to the report, landscape professionals estimated the cost of building an in-ground pool at $90,000. The said price is based on an 18-foot-by-36-foot in-ground pool with gunite (mix of sand, water, and cement) walls; three-foot to seven-foot depth; and a standard filtration system.

As per HomeGuide, an inground pool costs $80 to $250 per square foot with installation or $25,000 to $100,000 total, depending on the size and material. Not to mention, custom upgrades or additions, such as lights, a slide or diving board, a heater, and landscaping, will cost extra.

Most states also require the installation of safety features, such as fences, enclosures, and covers, to help keep pets and children safe around the water and prevent accidents. Pool fencing alone, for instance, can cost from $5,000 – $15,000.

Regardless of the type and design of your swimming pool, it will require sanitation to control bacteria and germs. The water also needs to be balanced for proper pH, alkalinity, and calcium levels. Here are just some of the monthly and yearly costs associated with having a swimming pool that can influence its value.

  • Pool maintenance – Experts say this could cost anywhere from $80 to $150 a month on average, depending on the services. Some of the tasks include cleaning and vacuuming the surface, water testing, adjusting chemicals, opening or closing for the season, and any necessary repairs. If you’re in a warm climate and use your pool throughout most of the year, expect to have more upkeep.

  • Filtration – Better to get the most efficient filtration pump possible that uses less energy, although it may cost more upfront. You can further cut energy costs by setting the pump to run at non-peak times when rates for electricity are lower.

  • Heating and electricity costs – If you’re planning to heat your pool, you may choose between gas heaters or electric heat pumps, which cost $2,000 to $5,000. Moreover, electricity costs for running a circulating pool pump costs about $300 per year. Heating a pool can also add $500 to $800 to your annual utility bills.

  • Winterizing – In areas with cold climates, pools need to be winterized every year. This includes lowering water levels, cleaning, clearing the water lines, and installing a cover.

A basic homeowners insurance policy typically covers a pool structure without requiring a separate rider. But if you plan to install a pool on your property, consider checking with your insurance agent about how a pool may affect your rates and increase your liability coverage. In addition, if you don’t install a pool fence, insurers may exclude your pool from coverage and deny your liability claim if there’s an accident in your pool.

In some areas, adding a swimming pool may also increase your annual property taxes but might not necessarily add to your home’s selling price.

There’s no one but you, the homeowner, who can determine the true return on investment of a luxury item such as a swimming pool. It’s up to you to decide if it adds value to your quality of life by making it a place for rest, relaxation, and special life moments.

The NAR Remodeling Impact Report showed that adding a pool gave homeowners a “joy score” of 10 on a scale of 1 to 10, indicating that it had a significant impact on a homeowner’s sense of enjoyment and accomplishment after the project was completed. Further, at least 90% of respondents reported having an increased sense of enjoyment when they are at home after the in-ground pool addition. It may be hard to put a price tag on that.

At the end of the day, this is your home. If you plan to put down some roots, you have the money to spend, and you’ve taken into consideration the pros and cons of installing a pool, then go ahead, plunge into it, and enjoy the swim.

The Nightmare on Sky Top Terrace: Land Fraud Implications and How Property Owners Can Protect Themselves

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Imagine waking up one day to find out that the piece of land you’ve owned for years has been fraudulently sold and developed without your knowledge. This real-life nightmare is exactly what happened to Dr. Daniel Kenigsberg, a Long Island resident who discovered that his vacant parcel of land – just up the road from where this author grew up in Fairfield, Connecticut – was illegally sold and developed. So let me ask you, what are the implications of land fraud and what steps should property owners take to prevent such a situation from happening to them?

The Unraveling of the Nightmare

The revelation came to light when a childhood friend of Kenigsberg – whom had called to inform him of their mutual friend being placed in hospice – inadvertently informed him about the construction of a house on the property in their childhood neighborhood, Sky Top Terrace, near Sacred Heart University in Fairfield. Naturally, the news was alarming, as Kenigsberg had no knowledge of any such transaction or development on his land.

According to CTInsider, a firm named 51 Sky Top Partners LLC had purchased the lot from someone claiming to be Daniel Kenigsberg in South Africa for a whopping $350,000 in October 2022. The transaction was facilitated by a power of attorney granted to a Trumbull lawyer named Anthony Monelli, who played a crucial role in the fraudulent sale.

The Gravity of Land Fraud

This nightmare case highlights the severity of land fraud and its potential implications for property owners. Land fraud can have devastating consequences, not only in terms of financial loss but also the emotional distress caused by the violation of one’s property rights. Property owners may find themselves facing a challenging legal battle to prove ownership and reclaim their land, which can be an arduous and expensive process.

In Dr. Kenigsberg’s case, he had to resort to filing a lawsuit in federal court to seek the annulment of the 2022 sale and demand damages and compensation amounting to $2 million. This serves as a cautionary tale for property owners to be vigilant and proactive in protecting their valuable assets.

Preventive Measures for Property Owners

To prevent falling victim to land fraud, here are some precautionary measures property owners can take:

1. Regular Property Inspections

Conduct routine inspections of your property, especially if it is vacant or unoccupied. Regular visits can help you identify any unauthorized activities or developments on your land promptly.

2. Secure Property Documentation

Keep all property-related documents, such as title deeds, surveys, and ownership records, in a secure and accessible location. Make digital copies and store them in a password-protected folder for added security.

3. Stay Informed

Stay informed about the real estate market in your area and be aware of any unusual activities or sudden changes in property ownership. Subscribe to local real estate newsletters and follow reputable news sources to stay updated.

4. Verify Legal Transactions

If you are approached with offers to sell your property or grant powers of attorney, be cautious and thoroughly verify the authenticity of the transaction and the parties involved. Seek legal advice if needed.

5. Establish Communication

Establish open communication with your neighbors and local community. They can be valuable allies in keeping an eye on your property and alerting you to any suspicious activities.

6. Hire a Property Manager

If your property is vacant or you reside far away, consider hiring a reliable property manager to oversee and protect your land’s interests.

Conclusion

The “Nightmare on Sky Top Terrace” serves as a stark reminder of the importance of safeguarding your property rights. Land fraud can have far-reaching consequences, impacting not only financial well-being but also emotional stability. Property owners must remain vigilant, take preventive measures, and seek legal advice when necessary to protect their valuable assets. By staying informed and proactive, property owners can thwart fraudulent activities and ensure their land remains a secure and cherished possession for generations to come.

The Ultimate Guide to Selling Your Home Fast

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Introduction

Selling your home can be a daunting process, but with the right strategies, you can achieve a quick and successful sale. In this ultimate guide, we will explore effective techniques to help you sell your home fast. Whether you’re a first-time seller or have prior experience, these tips will give you the advantage in the competitive real estate market.

1. Set the Right Price

Pricing your home correctly is crucial to attract potential buyers. Conduct thorough market research and consider the current trends and comparable properties in your area. Setting a competitive price will generate interest and increase the chances of a fast sale.

2. Enhance Curb Appeal

First impressions matter, and improving your home’s curb appeal can make a significant difference. Invest time in landscaping, maintain a well-manicured lawn, and consider freshening up the exterior with a fresh coat of paint. A welcoming and attractive exterior will entice buyers to explore further.

3. Stage Your Home

Staging your home can help buyers envision themselves living in the space. Declutter, organize, and depersonalize your interiors to create a neutral and inviting atmosphere. Arrange furniture strategically to maximize space and highlight the home’s best features.

4. Professional Photography

High-quality photography is essential in today’s digital age. Hire a professional photographer to capture your home’s best angles and showcase its unique selling points. Great visuals will attract more online views and generate interest from potential buyers.

5. Craft Compelling Listing Descriptions

Write captivating listing descriptions that highlight the key features and benefits of your home. Use descriptive language, incorporate relevant keywords, and emphasize unique selling points. Engaging and informative descriptions will grab buyers’ attention and generate inquiries.

6. Leverage Online Marketing Channels

Harness the power of online marketing to reach a wider audience. List your home on popular real estate websites, utilize social media platforms, and consider paid online advertisements. Maximizing online exposure will increase the visibility of your property and attract more potential buyers.

7. Host Open Houses

Open houses provide an opportunity for buyers to explore your home in person. Prepare your home by ensuring it is clean, well-lit, and staged appropriately. Engage with visitors, answer their questions, and create a welcoming atmosphere to make a lasting impression.

8. Work with an Experienced Realtor

Partnering with an experienced realtor can significantly streamline the selling process. A knowledgeable real estate agent will provide valuable insights, handle negotiations, and navigate complex paperwork. Choose a realtor with a proven track record and a strong network in your local market.

9. Be Flexible with Showings

Flexibility is key when it comes to accommodating potential buyers for showings. Be open to scheduling showings at different times, including evenings and weekends. Making it convenient for buyers to view your home will increase the likelihood of receiving offers.

10. Respond Promptly and Professionally

Timely and professional communication is crucial when selling your home. Respond promptly to inquiries, provide accurate information, and maintain a professional demeanor throughout the process. Building a positive rapport with buyers and their agents will facilitate a smooth transaction.

Conclusion

Selling your home fast requires a combination of strategic planning, effective marketing, and attention to detail. By implementing the tips outlined in this guide, you can increase your chances of a swift and successful sale. Remember, pricing your home right, showcasing its best features, and leveraging online and offline marketing channels will help attract potential buyers and secure a favorable offer and closing.

Take Action and Sell Your Home Today!

Now that you have the ultimate guide to selling your home fast, it’s time to put these strategies into action. Book a meeting with me to review and assess your home’s value. We’ll form a plan for making necessary improvements, and marketing it effectively. Remember, a well-prepared and appealing home will capture buyers’ attention and lead to a successful sale. Good luck!

10 Essential Tips for First-Time Homebuyers

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Are you a first-time homebuyer embarking on an exciting journey towards homeownership? Congratulations! Purchasing your first home is a significant milestone and a dream come true for many. To help you navigate this process with confidence and ease, we have compiled ten essential tips that every first-time homebuyer should keep in mind. Let’s dive in!

1. Establish a Realistic Budget

Before you start exploring the housing market, it’s crucial to determine your budget. Consider your income, expenses, and future financial goals to set a realistic price range for your new home. Remember to account for additional costs such as property taxes, insurance, and maintenance.

2. Save for a Down Payment

Saving for a down payment is an important step in the homebuying process. Start early and set aside a portion of your income specifically for this purpose. A larger down payment can lead to better mortgage terms and lower monthly payments.

3. Get Pre-Approved for a Mortgage

To enhance your credibility as a buyer, get pre-approved for a mortgage. This will give you a clear idea of how much you can borrow, making it easier to narrow down your search and negotiate with sellers. Consult with multiple lenders to find the best mortgage rates and terms.

4. Research Neighborhoods

Thoroughly research potential neighborhoods to find the one that suits your lifestyle and preferences. Consider factors such as proximity to schools, amenities, transportation, and safety. Visit the neighborhoods at different times of the day to get a comprehensive understanding.

5. Work with a Reliable Real Estate Agent

Partnering with an experienced and trustworthy real estate agent can make a world of difference in your homebuying journey. They have in-depth knowledge of the market, access to listings, and expertise in negotiation. Seek recommendations and choose an agent who understands your needs.

6. Don’t Skip the Home Inspection

Never underestimate the importance of a home inspection. Hire a professional inspector to assess the condition of the property thoroughly. This will help you uncover any potential issues or hidden costs before finalizing the purchase, allowing you to make an informed decision.

7. Consider Future Resale Value

While purchasing your first home is an exciting prospect, it’s essential to consider its potential resale value. Opt for a property in a desirable location with amenities that attract a wide range of buyers. This will provide you with more options if you decide to sell in the future.

8. Review the Purchase Agreement Carefully

When you find the perfect home, carefully review the purchase agreement with your real estate agent and legal counsel. Pay close attention to terms and conditions, contingencies, and deadlines. Seek clarification on anything you don’t understand before signing the agreement.

9. Plan for Additional Expenses

In addition to the purchase price, homeownership comes with various ongoing expenses. Plan ahead for costs such as property taxes, homeowner’s insurance, utilities, maintenance, and possible renovations. Having a comprehensive financial plan will ensure you can comfortably manage these expenses.

10. Embrace Patience and Flexibility

Finally, be prepared to exercise patience and flexibility throughout the homebuying process. Finding the right home can take time, and there may be unexpected hurdles along the way. Stay positive, trust the process, and remain open to adjusting your criteria if needed.

By following these ten essential tips, you’ll be well-equipped to navigate the world of real estate as a first-time homebuyer. Remember, thorough research, careful planning, and the support of professionals will help you make informed decisions and find the perfect home for you.

 

Conclusion

Purchasing your first home is a milestone worth celebrating. With these ten essential tips, you can embark on your homebuying journey with confidence and make well-informed decisions. From establishing a budget to embracing patience, each step will bring you closer to finding your dream home. Happy house hunting!