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Category: SMP TV

    Thank You for All of Your Support

    By Steven Padernacht | December 23, 2022

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    What Makes a House a Home?

    By Steven Padernacht | December 22, 2022

    There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories with loved ones at the... Read More

    What To Expect From the Housing Market in 2023

    By Steven Padernacht | December 21, 2022

    The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This... Read More

    Homeowners Still Have Positive Equity Gains over the Past 12 Months

    By Steven Padernacht | December 20, 2022

    If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was... Read More

    Mortgage Rates Are Dropping. What Does That Mean for You?

    By Steven Padernacht | December 19, 2022

    Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well... Read More

    Planning to Retire? It Could Be Time To Make a Move.

    By Steven Padernacht | December 15, 2022

    If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to... Read More

    You May Have More Negotiation Power When You Buy a Home Today

    By Steven Padernacht | December 14, 2022

    Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other buyers. And with... Read More

    Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

    By Steven Padernacht | December 13, 2022

    At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market. An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It... Read More

    What Every Seller Should Know About Home Prices

    By Steven Padernacht | December 12, 2022

    If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices? It’s possible you’ve seen news stories mentioning... Read More

    Reasons To Sell Your House This Season [INFOGRAPHIC]

    By Steven Padernacht | December 9, 2022

    Some Highlights If you’re planning to make a move but aren’t sure if now’s the right time, here are a few reasons why you shouldn’t wait to sell your house. The supply of homes for sale, while growing, is still low today. Plus, serious buyers are out looking right now, and many are hoping to avoid falling into the rental... Read More