First Time Home Buyers

In June, the number of first-time home buyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR):

Why the rise in first-time homebuying?

Mortgage rates at historically low levels has certainly pushed first-timers into the marketplace. Estimated mortgage payments at or below the monthly cost of rent is an enticing incentive! 

First-timers do have challenges, however.  There are lots of buyers out vying for the same properties.  First timers are unsure of the process and unsure of the benefits of owning a home.

So where do you start?

That's where I come in!  First-time home buyers are not alone in their uncertainty and believe me when I say I try to make the process as easy and painless for you as possible, with I hope, a little fun thrown in, too!

If you’re interested in purchasing a home and need help getting started, reach out.  I can help explain the process, put you in touch with lenders and get you up to speed on the local market.  I'm with you all the way!

Wanted: Home Sellers!

Home Sweet Home!  That's what my buyer-clients are looking for!  Sellers, where are you?!  Come out, come out where ever you are.  We are patiently waiting to see your house🏡  This is your time to shine, sellers!  We are in a super strong sellers market.  How long will it last?  Who knows, but the time to strike is while the iron is 🔥.  Hit me up, I can help!

New Listing-4129 Council Crest!

Traditional Saltbox home in Nakoma with executive touches such as rich woodwork, main level office, central hall that leads to a white, bright, south-facing kitchen. Three-season room off the kitchen with views of the large third of an acre private yard with a dog run for your pups! Large living room with wood-burning fireplace, formal dining, 4 bedrooms, 4 bathrooms plus an upper level family room and a lower level rec room. Mudroom off the attached garage and a lower level greenhouse for your green thumb! Close to the arboretum, Monroe Street shops and restaurants, schools and the SW bike path. Don't miss this opportunity!

Buying a House Today is a Full-Contact Sport!

It's a dog fight out there if you are trying to buy a house!  Man-o-man, where are the sellers?  Buying a house has become a full-contact sport!  To put it in perspective, home sales in Dane County remained lower this month than this time last year. In June of 2019 there were 962 single family and condo homes sold. This past month saw 779 single family and condo homes sold, representing a 19% decrease.  Read that again!  A 19% DECREASE!

Inventory

One of the driving factors behind decreased home sales is low inventory.  Nothing new here, this has been the case for the last several years, but it has magnified this year.  Inventory for single family and condo homes in Dane County remained largely unchanged from last month, and continues to hover around two months of supply.  A normal supply for a balanced market is six months.

Market conditions are always subject to change, and frequently do throughout the year. I am watching everyday to keep you up to date.