realtors

How Buying or Selling a Home Benefits the Economy and Your Community

Real estate agent holds a wood house to exchange with his client after signing a home purchase contract, idea for real estate, moving or renting a property.

If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too?

To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy:

You may be wondering: how can a single home sale have such a major effect on the economy?

For starters, there are multiple industries that play a role in the process. Numerous contractors, specialists, lawyers, town and city officials, and so many other professionals are all necessary at various stages during the transaction. Every individual you work with, like your trusted real estate advisor, has a team of professionals involved behind the scenes.

That means when you buy or sell a home, you’re leaving a lasting impression on the community at large. Let the knowledge that you’re contributing to those around you while also meeting your own needs help you feel even more empowered when you decide to make your move this year.

Bottom Line

Homebuyers and sellers are economic drivers in their community and beyond. Let’s connect so you have a trusted real estate advisor on your side if you’re ready to get started. It won’t just change your life; it’ll make a powerful impact on your entire community.

What Does the Rest of the Year Hold for the Housing Market?

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If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say.

The Number of Homes Available for Sale Is Likely To Grow

There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com:

“The gap between this year’s homes for sale and last year’s is one-fifth the size that it was at the beginning of the year. The catch up is likely to continue, . . . This growth will mean more options for shoppers than they’ve had in a while, even though inventory continues to lag pre-pandemic normal.”

As a buyer, having more options is welcome news. Just remember, housing supply is still low, so be ready to act fast and put in your best offer up front.
As a seller, your house may soon face more competition when other sellers list their homes. But the good news is, if you’re also buying your next home, having more options to choose from should make that move-up process easier.

Mortgage Rates Will Likely Continue To Respond to Inflationary Pressures

Experts also agree inflation should continue to drive up mortgage rates, albeit more moderately. Odeta Kushi, Deputy Chief Economist at First American, says:

“… ongoing inflationary pressure remains likely to push mortgage rates even higher in the months to come.”

As a buyer, work with trusted real estate professionals, including your lender, so you can learn how rising mortgage rate environments impact your purchasing power. It may make sense to buy now before it costs more to do so, if you’re ready.
As a seller, rising mortgage rates are motivating some homeowners to make a move up sooner rather than later. If you’re planning to buy your next home, talk to a trusted real estate advisor to decide how to time your move.

Home Prices Are Projected To Continue To Climb

Home prices are forecast to keep appreciating because there are still fewer homes for sale than there are buyers in the market. That said, experts agree the pace of that appreciation should moderate – but home prices won’t fall. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:

“Prices throughout the country have surged for the better part of two years, including in the first quarter of 2022. . . Given the extremely low inventory, we’re unlikely to see price declines, but appreciation should slow in the coming months.”

As a buyer, continued home price appreciation means it’ll cost you more to buy the longer you wait. But it also gives you peace of mind that, once you do buy a home, it will likely grow in value. That makes it historically a good investment and a strong hedge against inflation.
As a seller, price appreciation is great news for the value of your home. Again, lean on a professional to strike the right balance of the best conditions possible for both selling your house and buying your next one.

Bottom Line

Whether you’re a homebuyer or seller, you need to know what’s happening in the housing market, so you can make the most informed decision possible. Let’s connect to discuss your goals and what lies ahead, so you can pick your best time to make a move.

Zackry Where Do You Get All That Energy???

rocks Lately and many times in the past I have been asked “Zackry where do you get all your energy from?” I get all of my energy from building power on a daily basis. My power is built on living in 4 dimensions of my life. These 4 dimensions, in this order, are my Body, Being, Balance, and Business. I have learned that in life you can talk all day about what you want to do, but in the end the only thing that matters is the results. Results don’t lie. They tell the true story. I have been coached to gamify my life in these 4 dimensions of Body, Being, Balance, and Business. Everyday I work to hit a “single” in each dimension. In my past I would focus on trying to hit a homerun vs. trying to be consistent in hitting a single on a daily basis. The odds of hitting a home run daily are far less than that of hitting a single. I have learned that if I can hit a single daily I can create a lot of power, or what some would call endless energy.

First dimension is starting with Body. Body is first because you have to have a fit body to be able to help others. If you are out of shape and not taking care of yourself, it is going to be very hard to take care of others. Each day I score myself a ½ point for finding a way to sweat for the day. Now some days I sweat more than others but the question is, did I sweat today? If so, I get a ½ point. The next Body score is Fuel at ½ point. Did I drink a green smoothie today? I will not go into the benefits of a green smoothie but they are countless and you can do the research.

Second dimension is Being. Being starts with a ½ point for meditation. Did I meditate today? This can be 1 minute to 10 minutes, your choice. The question is, did you take time to shut down the brain for a moment and take time for yourself? In taking this time it creates the space to stay out of “reaction” and not get caught up in “worldly” ways. The next ½ point in Being is reflection. Did I take a moment to reflect and journal? Some days my journal entries are long and others it can be short and sweet. Many of my journal entries are spurred by meditations, so it is very easy to journal if I meditate.

Third dimension is Balance. I score a ½ point in taking a moment to appreciate and love my queen, aka my wife. I do this by sending her a love note, a text, a video, and any other ways I can share my appreciation for her. The next ½ point in Balance is family. I take time for my son, brothers, mother, father, etc. I reach out or take a moment to check in, the same way I appreciate my wife.

Fourth dimension is Business. The first ½ point is to discover something new in business. That can be a podcast, an article, a coaching cd, a webinar, etc. The key is I discover something new. The next ½ point is to take that discovery and declare it. Meaning share what I have learned with others. This includes clients, referral partners, team members, family, etc. The key is to take what I have learned and share it with an individual or individuals.

I have learned that my power and energy is off the charts in the days I live in all 4 dimensions, and score a daily total of 4 points. Somedays are not perfect and I have to remember playing the simplest form of the game is key in completing all 4 dimensions. My morning routine knocks out most of the dimensions before my day even gets underway. I am always striving for a perfect score of 4 daily, and 28 at the end of the week and record my scores daily. There is no coincidence that my days are more productive, my relationships deeper, my reactions are more patient, my energy levels are high, and my results are off the charts on a week of scoring a 28. I challenge you to gamify your life, hit singles, live in all 4 dimensions, and get the results you truly desire and deserve. I love to share and help people with their personal journeys, so I welcome your calls and emails. Let’s play the game together and create an abundance of energy on a day to day basis. You deserve it. Until next time I thank you for being a part of my life.

Be well my friends,

Zackry Cooper

Referrals are the lifeblood of my business. I am never too busy for your referrals.