Posts from September 25th, 2023
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25
Why Today Continues to Favor Sellers in the Market
Even though activity in the housing market has slowed from the frenzy that was the 'unicorn' years, it's still a seller's market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It's also measured by months' supply, meaning the number of months it would take to sell all those available homes based on current demand. In a balanced market, there's usually about a six-month supply. Today, we have only about 3 months' supply of homes at the current sales pace (see graph below): 
25
Generation Z is Making Moves in the Housing Market
Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they're turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors, 30% of Gen Z buyers transitioned straight from living under their parents' roofs to owning their own homes. If you're a member of this generation, and you're interested in pursuing your own dream of homeownership, here's some information you may find helpful on why and where your peers are buying.
The Reasons Gen Z Want To Become Homeowners
A recent survey by Rocket Mortgage identifies some of the top motivators driving Gen Z buyers to purchase a home:
"Of those surveyed, 34% said that sta...
25
Eastern Iowa Pumpkin Patches, Orchards, Fall Activities, and More!
The Fall season is here! We don't know about you, but we can smell the spiced apples and pumpkins already! No matter where you are in the eastern Iowa area, there are plenty of patches and orchards to stock up on farm-fresh apples and pumpkins. Depending on where you go, you can pick up renowned local fall specialties as well: pumpkin spice donuts, fresh apple cider, apple butter, and so much more! It's a great seasonal way to spend time with loved ones and to get outside for some fresh air before the cool weather starts to set in. Hope to see you out there!
Burlington Area
Appleberry Orchard: All your favorite fall squash, ripe for the picking! In addition to an apple orchard and a petting zoo housed in their historic barn. Satisfy that sweet too...
