John Watts's (zwatts1) Blog

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Real Estate Agent - Keller Williams Realty
RECENT BLOG POSTS
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
At the end of 2021, the housing market remains in frenzy with more buyers than there are available houses.  Realtor.com indicates buyers are eager to purchase a home to protect themselves from potential interest rate hikes. The past year buyers were making offers quickly since homes were remainin...
01/20/2022
After home inspection, settling on what needs to be repair usually is the last major hurdle for the transaction. Bypassing a home inspection not recommended in most situations. This is the best time prior to closing to discover flaws in the property that could become expensive to correct after be...
01/05/2022
First-time home buyers would be better prepared to buy a house if they received up front education on the realities of buying a home. This would help them to be better prepared to handle buyer situations such as: falling in love with a house and then lose the bid after making an offer.  One of th...
11/30/2021
The past several months soaring housing prices has brought double-digit gains and locked out many home buyers.  This is especially true for first-time home buyers and caused them to stretch their budgets to a dangerous level.  By August 2021 per National Association of Realtors (NAR) median home ...
11/02/2021
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John Watts

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