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HOUSING UPDATE

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, prepandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way:

“While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

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The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search

The first step? Get pre-approved for a mortgage. Preapproval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll put your list together. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp on your budget, the best way to prioritize all the features you want and need in a home is to put together a list

Here’s a great way to think about them before you begin:

Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle.

Nice-To-Haves – These are features you’d love to have but can live without Nice-tohaves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of these, it’s a contender.

Dream State – This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the niceto-haves, and any of these, it’s a clear winner.

Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate agent. They’ll be able to help you refine the list further, coach you through the best ways to stick to it and find a home in your area that meets your needs

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Everybody wants something different from their kitchen, which is why our online interactive design tool allows you to pick various color combinations before you work with a designer– all available to view online.

Whether you’re a new homeowner buying your first kitchen on a budget or you’re splashing out on the family kitchen of your dreams, all the inspiration you need is online.

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HOMEOWNERSHIP IS CLOSER THAN YOU THINK!

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