Housing Market Forecasts for the Second Half of the Year

by Michael Cummiskey

From rising home prices to mortgage rate swings, the housing market has left a lot of people wondering what’s next – and whether now is really the right time to move. There is one place you can turn to for answers you want the most. And that’s the experts.

Leading housing experts are starting to release their projections for the rest of the year. These insights will give you clarity – and a little more optimism than you might expect. Business Insider sums up the forecasts (and why they’re good news for you):

“As mortgage rates go down this year, affordability may improve slightly for homebuyers. Inventory is also expected to grow, which should help moderate price growth and make finding a home easier.”

Let’s break it down.

1. Mortgage Rates Should Come Down (Slightly)

While a major drop isn’t on the table, forecasters are calling for a modest decline in rates in the months ahead as the economic outlook becomes more certain. Based on the information we have right now, here’s a look at where they say rates should be by year-end (see graph below):

Even this slight decrease is a welcome change. A seemingly small decline can still help bring down your future mortgage payment and give you a bit more breathing room in your budget.

Just remember, everything from inflation to employment and broader economic shifts will have an impact on where rates go from here. So, don’t try to time the market. And do expect some volatility along the way.

2. Inventory Will Continue To Grow

Inventory has already improved a lot this year. A big portion of the growth the market has already seen is because homeowners are getting tired of sitting on the sidelines. They’ve tried the wait and see approach with rates, and it hasn’t really paid off. And at a certain point, you need to move no matter what the market is doing. This is one reason more homes have been listed lately. And experts say that should continue. As Lance Lambert, Co-founder of ResiClub, says:

“The fact that inventory is rising year-over-year . . . strongly suggests that national active housing inventory for sale is likely to end the year higher.”

If rate forecasts pan out as the experts say, that could be enough to tip some more sellers off the fence and back into the market – giving you even more options for your move.

3. Home Prices Are Moderating

As more homes hit the market, there will also be less upward pressure on home prices. Expert forecasts are still calling for growth, but the pace of that growth is slowing down as inventory climbs. The average of all 7 forecasts shows prices will rise about 2% this year (see graph below):

That means you could finally get a little bit of relief from rapidly rising home prices. When you combine the forecast for healthier price growth with projections for slightly lower mortgage rates, that could mean more buying power in the months ahead.

Keep in mind, though, the housing market is hyper-local. So, this is going to vary by area. Some markets will see prices climbing higher. And some may even see prices dip a little if inventory is up significantly in that location. So, lean on a local agent for insights into what’s happening in your area.

Bottom Line

So, if you want or need to move this year, know that the experts say things should start looking up. And an agent can help you take advantage of any market shifts that work in your favor.

Hire A Professional • Home Buyers • Money Talk • Selling Your Home • May 12, 2025

Home Projects That Boost Value

by Michael Cummiskey

Whether you’re planning to move soon or not, it’s smart to be strategic about which home projects you take on. Your time, energy, and money matter – and not all upgrades offer the payoff you might expect. As U.S. News Real Estate explains:

“. . . not every home renovation project will increase the resale value of a home. Before you invest in a swimming pool or new addition, you should consider whether the project will pay itself off by getting prospective buyers in the door when it’s time to sell.“

That’s why, before you pick up a power tool or call a contractor, your first step should be talking to a local agent.

Planning Ahead Pays Off
If you plan to move relatively soon, you’ll want to get a jump start on your to-do list. And even if moving isn’t on your radar yet, life can change quickly – and a new job, a growing family, or shifting priorities can fast-track your plans. You don’t want to be scrambling to fix up your home if your timeline changes.

Smart updates now = fewer headaches later.

By planning ahead, you can spread out the work over time, which is easier on your wallet and your stress levels. Plus, you’ll get to enjoy the upgrades while you’re still living there and have the peace of mind your house is ready to impress when it’s time to list.

What Buyers Want (and What’s Actually Worth Doing)
If you’re not sure which projects are worth your time and money – here’s some information that can help. A study from the National Association of Realtors (NAR) shows which upgrades typically offer the best return on your investment (ROI) (see graph below):

a graph of a cost
If an update you’re already thinking about overlaps with those high-ROI upgrades, great. Odds are it’ll improve your quality of life now and your home’s value later.

But don’t take this list as law. This is based on national data and is the sort of thing that’s going to vary based on what’s most sought-after where you live. That’s where your agent comes in. As an article from Ramsey Solutions says:

“The best way to gauge what you can expect in terms of resale value on home improvements—especially if you’re planning to sell soon—is to talk to a real estate agent who is an expert in your market. They’re sure to know the local trends, and they can show you how other homes with the features you want to add are selling. That way, you can make an educated decision before you start ordering lumber and knocking down walls.”

You’ll just want to make sure you don’t overdo it. Too many high-end updates can make your home the priciest in the neighborhood. That might sound great, but it can actually turn buyers away if it’s outside their expected price range for the area. The right agent will help you make smart updates that buyers will love, without going overboard.

Whether the project is big or small, it pays to be strategic. And an agent is a key piece of that strategy.

Bottom Line
It doesn’t matter whether you plan to move soon or not, it can still pay off to make strategic updates that’ll help you love your home now and stand out later.

What’s one upgrade you’ve been thinking about – and wondering if it’s worth it? Connect with a local agent to make sure it’ll pay off when the time comes.

Hire A Professional • Luxury Homes • Money Talk • Retirement • Selling Your Home • December 27, 2024

Why More Sellers Are Hiring a Real Estate Agent

by Michael Cummiskey

Some Highlights

More homeowners are realizing they need an agent’s help in this complex market – and that’s why a record-low number of people are selling without a pro by their side.
Without an agent’s help, tackling pricing, staging and repairs, paperwork, negotiation, and more can be a real headache.
Selling without a pro isn’t worth the hassle. Connect with an agent to see if you’d work well together.

Hire A Professional • Home Buyers • Luxury Homes • Money Talk • New Build • December 27, 2024

What’s Motivating More Buyers To Choose a Newly Built Home?

by Michael Cummiskey

Planning to buy a home in Greater Cincinnati, Northern Kentucky, or Southeast Indiana soon? Why not consider something brand-new? Many buyers are discovering the appeal of new home construction, and it might be just what you’re looking for.

The National Association of Realtors (NAR) reports that newly built homes made up 15% of all homes sold last year—a significant increase and the highest percentage in 17 years (see graph below):

a graph of blue bars

Why are more buyers choosing new construction homes? According to NAR, recent buyers highlight these top reasons (see graph below):

a graph of blue squares

1. Avoiding Renovations or Plumbing/Electrical Problems (42%)

The biggest benefit of a newly built home is peace of mind. When you’re already investing in a home, avoiding costly repairs or maintenance is a top priority. Newly constructed homes are less likely to have unexpected issues, and many builders offer warranties, adding extra protection for major systems.

2. Ability To Choose and Customize Design Features (27%)

New construction gives you the chance to personalize your home. From cabinet knobs and light fixtures to floor plans and siding color, you can design a space that fits your style. If you’re struggling to find a home that meets your needs, building one might be the best solution.

3. Amenities in New Home Communities (25%)

Many new developments feature amenities such as parks, pools, fitness centers, and community spaces. These features not only enhance your lifestyle but also create opportunities to connect with your neighborhood.

4. Lack of Inventory of Previously Owned Homes (15%)

With the inventory of pre-owned homes remaining low, buyers are increasingly turning to new builds to expand their options. Builders have stepped up to meet this demand, providing a larger portion of homes for sale without overbuilding.

5. Energy Efficiency (14%)

Modern homes often incorporate the latest energy-efficient materials and technologies, leading to lower utility bills and a smaller environmental footprint. As Kevin Morrow of the National Association of Home Builders explains:

“Newly-constructed homes often include green systems and appliances—like high-efficiency stoves, refrigerators, washing machines, and HVAC systems—that older homes may lack.”

6. Smart Home Features (11%)

Tech-savvy buyers are drawn to the smart technologies commonly found in new homes. From advanced security systems to home automation, these features can make everyday living more convenient.

Why You Need Your Own Real Estate Agent

If you’re considering new home construction in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, remember to work with your own real estate agent. Builder contracts can be complex, and having an expert advocate on your side ensures you get quality construction and favorable terms.

Bottom Line

Newly built homes offer numerous advantages, from energy efficiency to customizable designs and modern amenities. If you’re ready to explore homes for sale or need help selling your current house, connect with a local real estate expert. With an experienced agent guiding you, you can confidently navigate the process and find your dream home.

Let us help you make your move in Greater Cincinnati, Northern Kentucky, or Southeast Indiana today!

Hire A Professional • Home Buyers • Luxury Homes • Money Talk • New Build • December 27, 2024

The Personal Joys of Having a Home To Call Your Own

by Michael Cummiskey

Owning a home in Greater Cincinnati, Northern Kentucky, or Southeast Indiana offers significant financial benefits and so much more. As you consider homes for sale or think about how to sell your house, take a moment to reflect on the deeper meaning of homeownership.

A home is more than just four walls and a roof – it’s where memories are made, connections are built, and life unfolds. From the sense of accomplishment that comes with owning a property to the joy of creating a space that’s uniquely yours, the emotional and personal connections we have to our homes are just as impactful as the financial ones.

Here are some of the key aspects that make a house truly feel like a home:

1. It’s an Accomplishment You Can Be Proud Of Purchasing a home is a significant milestone, whether it’s your first or fifth. It represents hard work and dedication. Stepping through the door of a home that’s truly yours brings an unmatched sense of pride and achievement. In the dynamic real estate markets of Greater Cincinnati, Northern Kentucky, and Southeast Indiana, this accomplishment is even more rewarding.

2. It’s a Place You Can Call Your Own Owning a home provides a unique sense of security and privacy. Unlike renting, it’s your space – no landlord, no shared keys. This personal retreat becomes your sanctuary, offering comfort and peace at the end of each day. If you’re searching for homes for sale in this region, think of the freedom and stability that come with owning your own space.

3. It’s a Space That’s Yours To Customize One of the best parts of homeownership is the ability to make your home truly yours. Whether it’s painting the walls, adopting a pet, or renovating the kitchen, you have the freedom to personalize every detail. As Freddie Mac explains:

“As the homeowner, you have the freedom to adopt a pet, paint the walls any color you choose, renovate your kitchen, and more. You can customize your own space without approval from landlords.”

If you’re considering selling your house, showcasing these customizable features can make it more attractive to potential buyers.

4. It’s a Foundation for Building a Sense of Community Homeownership often means putting down roots in a neighborhood and becoming part of a local community. Organizations like Habitat for Humanity highlight how owning a home encourages deeper involvement with neighbors and local groups. Whether it’s joining a neighborhood association, volunteering, or simply getting to know those around you, a home is the perfect foundation for meaningful connections.

Bottom Line Owning a home in Greater Cincinnati, Northern Kentucky, or Southeast Indiana is about more than financial benefits – it’s about pride, well-being, and a sense of belonging. Whether you’re searching for homes for sale or considering how to sell your house, connect with a trusted real estate professional to guide you every step of the way.

Hire A Professional • Home Buyers • Money Talk • New Build • Selling Your Home • December 27, 2024

The #1 Reason People Move: To Be Closer to Family and Friends

by Michael Cummiskey

Have You Considered Moving Closer to Loved Ones?

Have you ever thought about packing up and moving to be closer to the people who mean the most to you? Maybe those long drives to visit family are wearing you out, or you wish your kids could spend more time with their grandparents. You’re not alone—many people are feeling the same way.

According to recent data from the National Association of Realtors (NAR), the desire to be near family and friends is the #1 reason people move (see graph below):

a screen shot of a graph

This desire goes beyond just finding a new house. It’s about creating a home where you can enjoy life surrounded by the people who matter most. Whether it’s sharing weeknight dinners, watching your kids make memories with their cousins, or simply knowing someone is nearby when you need them, moving closer to loved ones can be life-changing.

If you’re exploring homes for sale or wondering, “How can I sell my house and relocate closer to family?”, here’s why this move might be the right step for you.

Why Family Comes First

Living near family and friends is a key motivator for people looking to buy or sell a home, particularly in areas like Greater Cincinnati, Northern Kentucky, and Southeast Indiana. Whether you’re buying your first home or making a lifestyle change, this factor often takes center stage.

For repeat buyers, it’s even more significant. Unlike first-time buyers focused on affordability, repeat buyers often have more flexibility when choosing where to live. Baby Boomers, for example, are prioritizing proximity to their children and grandchildren as they make retirement decisions. Ali Wolf, Chief Economist at Zonda, explains:

“25% of Baby Boomer households plan to retire near their children and grandchildren…”

Choosing to move closer to family is about more than convenience—it’s about creating a meaningful next chapter in your life where loved ones are just a short drive or walk away.

The Benefits of Living Near Loved Ones

Relocating closer to family doesn’t just improve your lifestyle—it offers practical and emotional benefits, too:

Spending More Time Together
Enjoy family dinners, weekend activities, and spontaneous visits that strengthen your relationships and enrich your daily life.
Sharing Resources
From childcare to household tools, living near family makes sharing resources easier and more convenient.
Cutting Down on Travel
Reduce hours spent on the road visiting family and enjoy more frequent, spontaneous get-togethers. This also provides peace of mind during emergencies.
Being There for Big Moments
Living nearby means you won’t miss life’s important milestones, from graduations to birthdays and everything in between.

Ready To Make Your Move?

At its core, a home isn’t just a place—it’s where your people are. Whether you’re looking to buy in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, or need help navigating how to sell your house, moving closer to loved ones is a personal and rewarding choice.

Bottom Line

If you’re ready to explore real estate options to be closer to your family, a local real estate agent is here to help. Together, we can find a home that puts you closer to the people and places you love most.

Hire A Professional • Home Buyers • Luxury Homes • Money Talk • New Build • December 27, 2024

How Home Equity May Help You Buy Your Next Home in Cash

by Michael Cummiskey

Building Equity in Your House: A Game-Changer for Homeowners in Greater Cincinnati, Northern Kentucky, and Southeast Indiana

Owning a home provides many financial advantages, but one of the most significant is building equity. Right now, homeowners across the country are sitting on record levels of equity, and it could be the key to helping you achieve your next real estate goals.

Whether you’re searching for homes for sale, thinking “How can I sell my house?” or just curious about how much your property is worth, your home equity might surprise you.

What Is Home Equity?

Home equity is the difference between your home’s current market value and the balance you owe on your mortgage. For instance, if your home is valued at $400,000 and your mortgage balance is $200,000, you have $200,000 in equity.

Why Is Home Equity a Big Deal for Sellers?

For homeowners in Greater Cincinnati, Northern Kentucky, and Southeast Indiana, your equity could be your biggest asset if you’re planning to sell your house or purchase a new one.

Recent data from the Census and ATTOM reveals that more than two out of three homeowners nationwide have either completely paid off their mortgages or have at least 50% equity in their homes. Here’s why that matters:

The Numbers Speak: CoreLogic reports that the average homeowner has built up $311,000 in equity.
More Options for Sellers: This significant equity has contributed to a rise in all-cash homebuyers. According to the National Association of Realtors (NAR), 26% of buyers recently purchased homes without needing a mortgage.

Imagine using your equity to buy your next home outright. No mortgage. No monthly payments. No interest rates. Even if you can’t buy your next home in cash, leveraging your equity can help make a larger down payment, potentially reducing your monthly payments or allowing you to secure better financing terms.

How to Leverage Your Equity in the Local Market

If you’re considering a move, now is the time to evaluate how much equity you have. Work with a real estate professional to get a Professional Equity Assessment Report (PEAR). This tool helps you understand your financial position and explore your options, whether you’re looking to upgrade, downsize, or relocate to a new home in Greater Cincinnati, Northern Kentucky, or Southeast Indiana.

Bottom Line

For homeowners thinking about how to sell their house or find their next dream home, equity is a game-changer. With today’s elevated home equity levels, you have the opportunity to achieve your goals in the real estate market.

If you’re ready to explore your options, connect with a local real estate expert to discuss how your equity can work for you. Whether you’re searching for homes for sale or planning to list your current property, now is the perfect time to act.

Hire A Professional • Home Buyers • Money Talk • December 24, 2024

The Truth About Down Payments

by Michael Cummiskey

Some Highlights

There’s a misconception going around that you have to put 20% of the purchase price down when you buy a home. But the truth is, many people don’t put down that much unless they’re trying to make their offer more competitive.
And if you want to give your savings a boost, look into down payment assistance. There are thousands of programs that offer an average benefit of nearly $17,000.
To learn more about loan options or down payment assistance programs, connect with a trusted lender and check out downpaymentresource.com.

Hire A Professional • Luxury Homes • Money Talk • Retirement • Selling Your Home • December 24, 2024

Struggling To Sell Your House? Read This.

by Michael Cummiskey

When you’re ready to sell your house, you likely have three key goals in mind: selling quickly, getting top dollar, and ensuring a smooth process from start to finish.

However, even in a competitive market like Greater Cincinnati, Northern Kentucky, and Southeast Indiana—where there are often more buyers than homes for sale—challenges can arise that may delay your sale or prevent it altogether. According to Zillow, in 2024, about 1 in 3 sellers removed their home from the market before it eventually sold.

While the reasons vary, there are common hurdles that can keep a house from selling. If you’re finding it difficult to sell your home, here are the top three challenges and how working with an expert real estate agent can help you overcome them.

1. Priced Too High

Pricing your home correctly is crucial when selling real estate. Overpricing, particularly in today’s high-interest rate environment, is one of the main reasons homes stay on the market longer. As U.S. News Real Estate explains:

“Talk to any real estate expert, and the first thing they’ll tell you is that a house is selling slowly because the price is too high.”

While it might be tempting to price high to maximize your profit, overpricing can deter buyers and cause your home to sit on the market longer. The longer it sits, the more skeptical buyers become, even if there’s nothing wrong with the property.

Today’s buyers also have easy access to tools that allow them to compare homes for sale in Greater Cincinnati, Northern Kentucky, and Southeast Indiana. If your home is priced above similar properties, buyers may pass over your listing.

If you’re not getting offers, talk to your real estate agent about feedback from open houses and showings. If buyers consistently say the price is an issue, it may be time to adjust your asking price.

2. Lack of Preparation Before Listing

First impressions matter, especially in real estate. Taking the time to prepare your house before listing can make the difference between it selling quickly or sitting on the market.

Start with curb appeal. Simple updates, like fresh landscaping or power-washing your driveway, can make your home look more inviting. As Realtor.com puts it:
“Buyers do tend to judge a book by its cover. You want to make sure potential buyers’ first impression of your home is a good one—and inspires them to stop by the open house or schedule a tour.”

Beyond the exterior, focus on decluttering, depersonalizing, and cleaning the interior. A clean and neutral space allows buyers to imagine themselves living in the home. Simple upgrades, such as a fresh coat of paint or updating listing photos to reflect the current season, can also make a big impact.

If you’re unsure what changes will help your home sell, your real estate agent can guide you on the best strategies for the Greater Cincinnati, Northern Kentucky, and Southeast Indiana market.

3. Limited Access for Showings

One of the biggest mistakes sellers make is restricting when buyers can view the home. If your house isn’t easily accessible, you’re significantly reducing your chances of selling.

Keep in mind that out-of-town buyers are often highly motivated but may have limited time to view homes for sale. Providing maximum flexibility for showings ensures that more potential buyers can visit your property, increasing your chances of receiving an offer.

Bottom Line

If you’re asking, “How can I sell my house in Greater Cincinnati, Northern Kentucky, or Southeast Indiana quickly and for top dollar?” it’s time to take action. Don’t let pricing, preparation, or limited access hold you back from achieving your real estate goals. Partner with an experienced real estate agent to revamp your strategy and get your home sold!

Hire A Professional • Home Buyers • Luxury Homes • Money Talk • New Build • December 24, 2024

The Biggest Perks of Buying a Home This Winter

by Michael Cummiskey

Is Now the Right Time To Buy? Here’s Why Winter Could Be Perfect

Waiting for the perfect market conditions often leads to missed opportunities. What many don’t realize is that if you’re ready and able to buy, the cooler months in Greater Cincinnati, Northern Kentucky, and Southeast Indiana could actually give you a distinct advantage. Here’s why this season works in your favor for finding homes for sale or exploring real estate options:

You Won’t Feel as Rushed

During this time of year, homes typically take longer to sell. Data from the National Association of Realtors (NAR) reveals that average time on the market increases significantly in the winter months (see the green bars in the graph below):

a graph of blue and green bars

This slowdown happens partly because fewer buyers are active. That means less competition when searching for homes for sale. You’ll likely have more time to carefully consider your options and negotiate without feeling the intense pressure of a fast-moving market.

Sellers May Be More Open to Negotiation

With homes sitting longer on the market, sellers are often more motivated to close deals. That puts you in a better position to negotiate. NAR explains:

“Less competition can lead to better deals. While homes are not selling as fast as during the summer, sellers may be more willing to negotiate.”

This could mean:

Price compromises.
Sellers covering closing costs or repairs.
Additional perks like appliances included in the sale.

So, whether you’re looking to buy real estate or thinking, “Should I sell my house now?”, understanding seasonal dynamics is key.

Winter Brings Lower Home Prices

Another big benefit of buying real estate in the winter is the potential for savings. Less buyer competition, combined with motivated sellers, often leads to lower prices. NAR data shows that home prices in the winter months are, on average, 5% lower than during the summer peak.

For example, on a $400,000 home, this could translate to savings of $20,000. That’s a significant amount that allows your budget to stretch further.

The seasonal price shift is clear when looking at the median sales prices of existing homes (previously owned properties) over the past 12 months. Last year, home prices dipped during the winter (see green bars in the graph below), and this trend looks likely to repeat.

a graph of a number of people

Bottom Line

If you’re exploring homes for sale or ready to dive into the real estate market in Greater Cincinnati, Northern Kentucky, or Southeast Indiana, winter can be the perfect time to act. You’ll enjoy less competition, motivated sellers, and potential cost savings.

Partner with a trusted local real estate expert to find the right property or get the most value if you’re considering “Should I sell my house?”. Reach out today and make the most of this unique market opportunity!