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Milestone Realty Blog

Friday, August 5, 2022   /   by Jake Uriegas

TIPS TO KEEP BUYERS FROM BEING PRICED OUT OF THE MARKET

After a roller-coaster of two years with steep price increases and a low inventory of homes, the market has
been challenging for buyers, especially first-time home buyers. And although we see some relief on the
horizon with more inventory coming to the market, the feds have just announced another rate increase,
with more coming later in the year.


Here are four tips on how you can beat the Fed's rate hikes and turn the tables on challenging market conditions.


There's not a lot we can do in the case of global inflation and federally-set interest rates, but as a home
buyer, here are some tips to consider when home shopping that can ensure you don't get priced out of the
Market.


Tip Number 1:
Spend some time shopping for a sweet mortgage
There are so many different options available for home loans with different rates, fees, conditions, and
even perks. Making the right choice can save you thousands of dollars over the life of the loan. Before
signing any agreement, . ...

Friday, July 29, 2022   /   by Jake Uriegas

BUYING A HOME—IT’S ABOUT MORE THAN FEATURES

You love the wood floors, chef’s kitchen, and spa-like bathroom. But remember that there’s more to a property than features and looks. Here are additional items to consider before you make an offer. 


WILL IT BE LOUD?
That idyllic street you saw on a Sunday open house might turn into a commuters’ cut-through during the week. Or a nearby grade crossing might prompt frequent train horns in the middle of the night. Visit the home at different times on different days to get a sense for what the noise level is like, and consider asking current neighbors about sources of significant noise and traffic. 


HOW OLD IS THAT REALLY EXPENSIVE THING TO REPLACE?
The seller’s disclosure notice may alert you to known issues with major appliances and systems, but those sources won’t tell you that the HVAC or roof is nearing the end of its lifespan. Knowing the age of certain items can help estimate when they need to be replaced. A home inspector can like. ...

Friday, July 15, 2022   /   by Jake Uriegas

SIGNS THE HOUSING MARKET IS STARTING TO SLOW DOWN

Is the housing boom ending?
Are we headed for a market crash?
Or are home prices just correcting in line with a long upward trend?
After more than a year of escalating demand and soaring prices, many experts believe that the record-breaking housing market is finally beginning to cool off.

You may have noticed that there seems to be a shift underway in the housing market. After almost two years of consistent price increases, this boom we've been experiencing looks like it is finally running out of steam.
There are four clear signs that the housing market is starting to slow down.

1. Increased Inventory of Homes for Sale
Since 2019, demand has far outpaced the supply of homes and available rental properties. But starting the month of May, things changed. According to data from Realtor.com, more new property listings entered the market in May than any other month since June 2019, and active listings are up 13% from last year.

2. Price Reductions
This month has also seen ...