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Are home prices going up or down? It depends on where you look.
Over the past year, prices in Chicago climbed almost 7%. In Seattle, they dipped about 1.6%. That’s a nearly 9-point gap between two major cities.
Look at little closer, though. Home prices are rising in 13 of the 19 major cities on this chart. And where prices are down, the dips are small (less than 2%).
So, this isn’t a crash. It’s just a market normalizing after overheating during the pandemic. And that’s hitting some areas differently than others.
Here’s what it really means. Your local market matters.
If you’re selling where prices are still rising, you may not need to cut your price. And if you’re buying where prices are softer, you may have more room to negotiate.
National headlines can’t tell you which side your neighborhood is on. Local data can. Let’s look at how prices are moving in your area, so you can set your price or make your offer with confidence.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
What if your first home isn't a house at all?
If you've been struggling to find a traditional single-family home that fits your budget, don't overlook condos.
According to Zillow, the typical starter condo costs under $200k nationally. Part of the reason they can be more affordable than a single-family home is because they’re normally smaller.
Sure, you may trade some square footage or a backyard for shared walls and an HOA fee. But you could also get a lower purchase price, great amenities, and less maintenance to handle yourself.
And if that means getting your own set of keys sooner, it could be an option worth exploring.
Your first home doesn't have to check every box you originally imagined. It just needs to be the right fit for your life and your budget right now.
Let's look at what's available in our area and see if a condo could be your way into homeownership.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
Newly built homes now cost less than existing ones in about a third of major markets.
And nationally, the gap is pretty big. A newly built home typically sells for about $35,000 less than an existing one.
Prices can look very different from one area to the next, though. So, what neighborhoods do you have your eye on? Let’s tour a new home and an existing one, and see how they compare.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
Want a More Affordable Home? Don’t Overlook Condos.
The first home you buy doesn't have to be a single-family house. If affordability has been holding you back, let's expand your search and see whether a condo could fit the price point you're looking for.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
Buyers, this is big.
The housing market is giving you a level of negotiating power we haven't seen since the years following the housing crash.
According to Redfin, there are now 63% more sellers than buyers nationwide, and 41 of the 50 largest metros favor buyers. That means, in most places, you have more say in what you're willing to pay, what you're willing to accept, and what you want to negotiate.
And sellers have more reason to listen.
Of course this varies market to market, but this shift is creating opportunities for buyers who are ready to jump in – even with today’s higher rates.
DM me, and let's make sure you know how to take advantage of it.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
Are you 1 in 4 million?
If you don't own a home yet, rent is probably the biggest monthly expense you have. And if you're not getting credit for paying it - now you can.
There’s a change rolling out now that lets renters opt in to counting their on-time rental payments toward their credit history. And that could help as many as 4 million more people qualify for a mortgage.
Maybe you’re one of them.
Even if you're not ready to buy a home today, there's no downside to taking simple steps to build your credit profile for the future.
It's time to take credit for bills you already pay. Ask me how.
💁🏻♀️ Andie Katz, Assoc. Broker | REALTOR®
📲 570-627-6017
📧 andiekatzrealtor@gmail.com
🌍 www.katziskey2poconoliving.com
🏛️ REAL of Pennsylvania
☎️ 855-450-0442
🏡👀 What You Say During a Home Showing Might Not Stay Private!
Imagine walking through a home, discussing how much you LOVE it, what you’re willing to pay, or what you don’t like about it. Now imagine the seller hearing that conversation! 😳
With smart cameras becoming more common, buyers should remember that a showing might not be as private as they think.
💡 My advice? Enjoy the tour, ask questions, and take notes. But save those important conversations about offers, pricing, and negotiating strategies for when you’re back outside with your Realtor®.
A little awareness can go a long way when buying a home!
📰 Inspired by an article published by the Pennsylvania Association of Realtors® (PAR).
🔗 https://www.parealtors.org/blog/how-do-smart-cameras-affect-home-visits-from-buyers/
🔑 Andie Katz – Managing Broker
REAL of Pennsylvania – POCONO
📲 Mobile: 570-627-6017
☎️ Office: 570-664-9936
📍 3101 PA-611, Ste. 2, Tannersville, PA
#KatzsKey2PoconoLiving #PoconoRealEstate #HomeBuyingTips #RealEstateAdvice #AndieKatzTeam #PennsylvaniaRealtors
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