Team Fosgate
Trusted News From The Experts

Chris Fosgate Chris Fosgate

The Latest Builder Trend: Smaller, Less Expensive Homes

Discover how builders are addressing affordability concerns by focusing on smaller, less expensive homes. This article explores the shift towards building smaller single-family homes, a trend driven by current market demands for more budget-friendly housing options. Learn about the incentives builders are offering, such as mortgage rate buydowns, which can further enhance affordability for homebuyers. With insights from industry experts, understand how this trend could benefit you if you're planning to buy a home soon. Connect with a real estate professional to explore new, efficient homes in your desired area.

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Chris Fosgate Chris Fosgate

Mortgage Rates Drop to Lowest Level in over a Year and a Half

Mortgage rates have significantly decreased, reaching their lowest point since February 2023, presenting a prime opportunity for potential homebuyers who've been on the sidelines. This article details how the recent drop in rates can enhance your purchasing power, illustrating the impact with a comparative analysis of monthly payments on a $400K loan now versus earlier this year. Discover how you can save hundreds on your monthly mortgage payment and why now might be the perfect time to buy. If you're ready to take advantage of these lower rates, connect with a real estate expert to explore your options.

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Chris Fosgate Chris Fosgate

The Best Time To Buy a Home This Year

Discover why the week of September 29 to October 5 is identified as the best time to buy a home in 2024. This period offers a combination of favorable market conditions including high inventory, moderated prices, and reduced competition, making it the ideal time for potential homebuyers to make their move. Learn how recent trends in mortgage rates and home inventory levels contribute to this window of opportunity. If you’re considering entering the housing market, understand why this specific week could be your optimal time to buy. Connect with a real estate expert to prepare and take full advantage of this sweet spot in the market.

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Chris Fosgate Chris Fosgate

Checklist for Getting Your House Ready To Sell

Getting your house ready to sell? Here's a few tips on what you may want to do to prepare. Focus on making it inviting, showing it's cared for, and boosting your curb appeal. If you want specific advice to help your house stand out in our local market, let's connect.

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Chris Fosgate Chris Fosgate

What To Know About Closing Costs

Prepare for the financial aspects of buying a home beyond the down payment with this comprehensive guide to closing costs. Discover the typical fees involved, such as loan origination, home inspections, and title insurance, and learn strategies to manage these expenses effectively. From negotiating with sellers to shopping for competitive insurance rates and exploring closing cost assistance programs, gain valuable insights to ensure you're financially ready for your home purchase. Connect with a real estate professional to navigate these costs smoothly and make informed decisions.

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Chris Fosgate Chris Fosgate

The Real Story Behind What’s Happening with Home Prices

If you’re wondering what’s going on with home prices lately, you’re definitely not the only one. With so much information out there, it can be hard to figure out your next move.

As a buyer, you might be worried about paying more than you should. And if you're thinking of selling, you might be concerned about not getting the price you're aiming for. 

So, here's a quick breakdown to help clear things up and show you what’s really happening with prices—whether you're thinking about buying or selling

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Chris Fosgate Chris Fosgate

Importance of PreApproval Investopedia Quote

Even though affordability is improving, it's still tight. So, it's important to take some time early on to talk to a lender about pre-approval. As part of that conversation, you'll go over your loan options, what you can borrow, and your monthly payment, so you can gauge what really works for your budget.

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Chris Fosgate Chris Fosgate

The Surprising Amount of Home Equity You’ve Gained over the Years

Uncover how significant equity gains might influence your decision to sell your home. This article explains the impact of homeowner tenure and price appreciation on building equity, highlighting that the longer you've owned your home, the more equity you've likely accumulated. Learn about the trends in homeowner tenure and how home values have increased, providing a substantial financial resource for current homeowners. If you're considering selling, understand how this equity can help facilitate your next move. Connect with us to explore your options and leverage your home's value effectively.

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Chris Fosgate Chris Fosgate

Early Forecasts for the 2025 Housing Market Infographic

Thinking about making a move in 2025 and wondering what you can expect? Here's what expert forecasts say lies ahead. Mortgage rates will come down slightly. More homes will sell. And prices will rise more moderately. Let's connect to go over what these forecasts mean for your move and what to expect from our local market in 2025.

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Chris Fosgate Chris Fosgate

The Latest on the Luxury Home Market

Dive into the flourishing luxury home market where the number of million-dollar homes is reaching new heights. This article highlights the latest trends and data indicating a significant increase in luxury property values and availability. Discover why now is an opportune time to invest in luxury real estate, from modern amenities and exclusive designs to potential long-term wealth accumulation. Whether you're looking for cutting-edge technology or breathtaking views, understand what makes the luxury market a wise investment today.

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Chris Fosgate Chris Fosgate

How the Federal Reserve’s Next Move Could Impact the Housing Market

Anticipate the effects of the Federal Reserve's potential rate cuts on the housing market. This article explores how a decrease in the Federal Funds Rate could influence mortgage rates, potentially easing the lock-in effect for current homeowners and enhancing affordability for prospective buyers. Learn from industry experts about the likely gradual decrease in mortgage rates through 2025 and why this could be a favorable time for buying or selling your home. Understand the broader economic indicators at play and prepare to make informed decisions in a shifting market.

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Chris Fosgate Chris Fosgate

Should You Sell Now? The Lifestyle Factors That Could Tip the Scale

Considering selling your home? Explore how lifestyle changes can drive your decision to sell, beyond just financial factors. This article delves into the common reasons homeowners decide to move, such as needing more space, relocating for work, or wanting to be closer to family. Learn how assessing your current lifestyle needs and home equity can help you make an informed choice. Connect with a real estate agent to understand today’s market and how it aligns with your personal and family goals.

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Chris Fosgate Chris Fosgate

How To Avoid Today's Top Seller Mistakes

Learn how to sidestep the top mistakes sellers make in today's real estate market, including overpricing, neglecting repairs, subjective decision-making, and inflexibility in negotiations. This article provides crucial tips for partnering with a knowledgeable real estate agent who can guide you through the selling process, ensuring you make informed, objective decisions that enhance your chances of a successful sale. Connect with an expert to confidently navigate the complexities of the current market.

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Chris Fosgate Chris Fosgate

Are We Heading into a Balanced Market?

Explore whether the housing market is transitioning from a seller's to a more balanced market. This article analyzes recent changes in inventory levels, the implications for buyers and sellers, and what a balanced market entails. Learn about the current housing supply trends and how they impact market dynamics, pricing strategies, and negotiation power. With expert insights and data-driven analysis, understand how this shift could affect your home buying or selling decisions. Connect with a local real estate agent to navigate the evolving market landscape effectively.

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Chris Fosgate Chris Fosgate

Here’s an early 2025 housing market forecast.

Experts project mortgage rates will come down slightly, which should lead more buyers and sellers to move. And that'll create a moderate increase in sales as activity ticks up. It'll also likely push prices up a little bit nationwide, though price changes will vary by location.

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Chris Fosgate Chris Fosgate

What's the Impact of Presidential Elections on the Housing Market?

Wondering about the impact of Presidential elections on the housing market? This article delves into decades of data to reveal that while there's typically a temporary slowdown in home sales leading up to an election, the overall effects are minimal. Learn how historical trends show a quick recovery in home sales and consistent growth in home prices post-election, with mortgage rates often decreasing during these periods. Understand the facts and move forward confidently with your home buying or selling decisions during an election year.

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Chris Fosgate Chris Fosgate

What Mortgage Rate Are You Waiting For?

With mortgage rates recently hitting the lowest point of 2024, potential homebuyers are questioning how much lower they could go. This article examines expert projections on mortgage rates, suggesting a continued downward trend influenced by economic conditions and Federal Reserve decisions. Learn why waiting for the perfect rate might mean missing out on current opportunities. Discover how defining your ideal mortgage rate can help you determine the right time to re-enter the housing market.

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Chris Fosgate Chris Fosgate

Understanding the Impact of Rising Housing Inventory on Homebuyers

As housing inventory increases nationally by over 36% year-over-year, prospective homebuyers are experiencing more favorable market conditions. This article explores what a 29% shortfall from normal inventory levels still means for you: enhanced search options, increased negotiating leverage, a greater likelihood of sellers making repairs, and moderated price growth. Learn how these factors can benefit your homebuying journey and why now might be the right time to engage in the market. Connect with us to discuss how rising inventory affects your real estate goals.

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Chris Fosgate Chris Fosgate

Today’s Biggest Housing Market Myths

Misconceptions can cloud judgment in the real estate market. This article clears up prevalent myths, providing data-driven insights to inform your home buying or selling decisions. Learn why waiting for a market crash may not be beneficial, discover the realities of current housing inventory, and understand the flexible options for down payments. Arm yourself with factual information and expert advice to navigate the market confidently. Connect with a trusted real estate agent to discuss your specific needs and dispel any myths that might be holding you back.

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