John Watts's (zwatts1) Blog

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Real Estate Agent - Keller Williams Realty
RECENT BLOG POSTS
When shopping for a mortgage loan, credit score plays a key role in determining eligibility.  Therefore, it is necessary to understand the importance of a high credit score when preparing to purchase a home.  Lenders decide how likely you will repay your debt based on credit score.  Credit scores...
09/27/2022
One of your early steps in your home buying process is to fully understand your finances.  This is not a fun step, but a very necessary to determine how much you can afford to avoid future financial problems.  This requires gathering financial information to answer questions from a mortgage lende...
09/07/2022
Homeowners over 55 are seeking solutions in their daily lives that will help them maintain and provide their safety and security.   Smart technology is part of the answer to help older people to age in place.  This will improve their quality of life and allow them to be independent longer.  Such ...
07/20/2022
National Association of Realtors (NAR) says in a report that we are in an unusual housing market.  Existing home sales have fallen recently, but buyers are still anxious to purchase a home.  Mortgage rates and sales prices are higher, and currently experiencing low inventory of existing homes for...
07/07/2022
The housing market is beginning to show signs of getting back to normal.   This is indicated by fewer contract signings and decrease in pending home sales recently.  The only area that has seen an increased number of sales is the northeast.  With fewer contract signings this is an indication that...
05/17/2022
Income required to meet the new home affordability standard is growing at a faster rate.  This is resulting in less potential home buyers being able to afford higher median home prices and high mortgage rates.  At same time, there are sellers that are recognizing some buyers are being priced out ...
04/26/2022
This coming year home sellers will hold the upper hand, especially through the spring.  As we go into the year buyers will be more sensitive to home price increases.  This is caused by higher home prices, mortgage rates and cost of other products which will cause potential buyers to tighten their...
04/06/2022
Competition for buying a home has been unseasonably hot this past year.  Buyers faced bidding wars with low inventories.  NAR reported that January 2022 had the fewest number of homes available for sale on record with most of these homes sold under a month.  Mortgage rates are anticipated to rise...
03/10/2022
Buyers are desiring larger homes so they can spread out.  Home builders are responding by increasing the average size of homes during this COVID pandemic.  While increasing the size of homes, number of four or more bedrooms and 3 and more bathrooms has risen.  Millennials and Generation X are loo...
02/23/2022
In 2021, home buyers viewed the fewest number homes prior to buying.  According to National Association of Realtor (NAR) this was a record. Low housing inventory and technology are causing buyers to decrease the number of homes they are physically touring. Buyers are first going online to view ho...
02/08/2022
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John Watts

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