Last week, we hosted a jam-packed webinar on navigating today's challenging real estate market. If you missed it, don't worry! We've got you covered with the key takeaways and insights shared by our expert [...]
Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024.1,2,3 Unfortunately, persistent inflation has delayed the central bank’s timeline and kept the average 30-year mortgage [...]
Condo Report 2024 by Green Light Real Estate
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The annual market report provides us with valuable insights into the state of real estate in different Vermont markets, shedding light on key factors that influenced the market.
Communities in Central Vermont and statewide continue digging out, cleaning out, and drying out from the catastrophic flood. Several trustworthy organizations are looking for all sorts of assistance, from volunteers to money to household and personal [...]
We’re just getting into the busiest season for Montpelier condos, and I want to give a huge shout out to our awesome agents and brokers here at Green Light Real Estate.
In just the last couple of months:
Lauren Gould listed a beautiful three bedroom condo at 121 Freedom Drive. She went through the pre-listing to listing steps that we know [...]
No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide. When you own your home, you likely feel a sense of attachment because of the comfort it gives and also because it’s a space that’s truly [...]
Fiction.
I’d put this in the same category as “You should wait 45 minutes after eating before going swimming.” I suppose it’s good advice, but it’s not a requirement.
In general, the bigger the down payment you’re making, the better terms the lender will give you. Recently, we’ve seen lenders waive the requirement of having an appraisal [...]
Looking to get sweaty and dirty with a real estate project? Buying a “budget friendly” (or, the less eloquent term, “fixer upper”) can be a great way to get a property with potential at a price you can afford. I’ll use the terms interchangeably in an effort to put the right spin on these properties. As a bonus to getting into a house at [...]
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:
“Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.”
Let’s break down these two big issues in today’s housing [...]