Tricia Madrid - Texas Elite Team Realtors

  Achieving the Dream of Homeownership Homeownership has long been considered the American Dream, and it’s one every American should feel confident and powerful pursuing. But owning a home is also a deeply personal dream. Our home provides us with safety and security, and it’s a place where we can  grow and flourish . Today, we remember the legacy of Dr. Martin Luther King, Jr. Many of us will remember his passion and determination for the causes he championed, including his famous “ I Have a Dream ” speech in 1963. As we reflect on his message today, it may inspire your own dream of homeownership. And if so, know you’re not alone. With a trusted  real estate advisor  at your side, you can begin your journey toward homeownership by answering the questions below. 1. Where Do I Start? The  process  of buying a home is not one to enter into lightly. You need to decide on key things like how long you plan on living in an area, how much space you need,...

  When Is the Right Time To Sell  Some Highlights If you’re trying to decide when to list your house, the  time is now . There are plenty of  buyers  eagerly waiting for your home to hit the market. The latest data indicates  home showings  are rising. There are more buyers than  homes for sale  right now. That means you’ll likely receive  multiple offers , and your home won’t be on the market long. Today’s market favors sellers. If you’re ready to move, let’s meet to discuss the benefits you can expect when you sell this season.

What’s Going To Happen with Home Prices This Year? After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest  Home Price Insights Report  from  CoreLogic  indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph shows year-over-year appreciation throughout 2021.  December data has not yet been released. As the graph shows, appreciation has remained steady at around 18% over the last five months. In addition, the latest  S&P Case-Shiller Price Index  and the  FHFA Price Index  show a slight deceleration from the same time last year – it's just not at the level that was expected. However, they also both indicate there’s continued strong price growth throughout the country. FHFA reports all nine regions of the country still experienced double-digit appreciation. The...

Two Ways Homebuyers Can Win in Today’s Market If your goal is to purchase a home this year, you might be looking for any advantage you can get in today’s sellers’ market. While competition is still fierce for homebuyers, there are ways you can win and secure the home of your dreams, even in a hot market. Act Early and Save The earlier you act this year, the more affordable your purchase will be. That’s because experts project  mortgage rates  will rise as we move deeper into 2022. According to  Freddie Mac , the average 30-year fixed-rate mortgage is expected to be 3.5% by year’s end. Experts forecast  home prices  will rise as well. That means the  longer you wait , the more it will cost you to buy a home. Instead,  act early  and purchase your home before rates and prices rise further. Not to mention, the sooner you buy, the sooner you can experience the benefits of continued home price appreciation yourself. Once you have your home, you’ll be a...

Why Inflation Shouldn’t Stop You from Buying a Home in 2022 If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more. And if you’re thinking about  purchasing a home  this year, all of these inflationary concerns are likely making you wonder if you should wait to buy.  Investopedia   explains  that during a period of high inflation, prices rise across the board. And while home prices aren’t immune from this increase, here’s why inflation shouldn’t stop you from buying a home in 2022. Homeownership Offers Stability and Security Home prices  have been increasing for quite some time, and  experts  say they’re going to continue to climb throughout 2022. So, as a buyer, how can you protect yourself from rising costs for things like food, shelter, entertainment, and other goods and services? The answer lies in housing. Buying a home allows yo...

Real Estate Professionals Are Experts at Keeping You Safe When You Sell If you’re on the fence about whether or not you want to sell your house this year, there’s good news. For nearly two years, real estate professionals have worked tirelessly to ensure the safety of  buyers  and  sellers  during the pandemic. Today, they’re seasoned experts, not just in the art of buying and selling homes, but also in how to keep you safe throughout the process.  Real estate professionals  have learned new technologies plus safety and sanitation measures. As new variants emerge, those lessons continue to be key ways agents add value. Real Estate Advisors Stay Current on Guidance for In-Person Showings Agents don’t leave your health up to chance. They follow guidance from the  Centers for Disease Control  (CDC) and the  National Association of Realtors  (NAR) to ensure in-person showings are safe. NAR maintains industry-specific resources to ensure agen...

How To Hit Your Homebuying Goals This Year  Some Highlights If you’re looking to  buy a home , you may want to put these items on your to-do list to ensure you hit your goals. It’s important to start working on your credit and saving for a  down payment  early. When you’re ready to begin your search, work with a real estate professional and get  pre-approved  so you know how much you can borrow. Connect with a real estate advisor so you have the guidance you need to achieve your  homebuying goals  this year.