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The Kinn Team | eXp Realty, LLC Blog

Tuesday, April 30, 2024   /   by Bianca Romero

What the Increase in Listings Means for Selling Your House

The current state of the housing market is heavily influenced by the number of homes available for sale. If you're contemplating listing your house, the current scarcity of inventory provides a significant advantage. Your property becomes more prominent when there's a limited supply, particularly if it's appropriately priced.

However, the supply of homes for sale is on the rise. Recent data from Realtor.com indicates an upward trend in new listings, with more homeowners putting their properties on the market compared to the previous year. This surge in listing activity, as reported by Realtor.com, signifies a shift:

"More sellers entered the market this March, with newly listed homes showing a 15.5% increase over last year. This marks the fifth consecutive month of rising listing activity following a 17-month decline."

Implications for Sellers
If you've been postponing the sale of your house, it might be time to reconsider before your neighbors beat you to it. While a sur ...

Monday, April 29, 2024   /   by Bianca Romero

Is Multi-Generational Living the Right Choice for You?

Ever considered the prospect of sharing a residence with your grandparents, parents, or other cherished relatives? You're certainly not alone. Many individuals are opting for multi-generational homes where multiple generations can coexist harmoniously. Let's explore the rationale behind this choice to see if it resonates with you.

Why Multi-Generational Living Is Gaining Popularity
The National Association of Realtors (NAR) highlights several compelling reasons why buyers have gravitated towards multi-generational homes in the past year:

Assistance for Aging Parents: A significant portion, 27%, of buyers selected multi-generational homes to facilitate easier care for their aging parents. Additionally, 19% embraced this living arrangement to spend more quality time with their elders. For many seniors, the desire to age in familiar surroundings is paramount, and residing in a household with loved ones enables them to do so comfortably. If your parents share this aspiration ...

Monday, April 29, 2024   /   by Bianca Romero

Foreclosure figures bear no resemblance to those of the 2008 crash.

If you've been following recent news, you've likely encountered articles suggesting an increase in foreclosures within today's housing market. This may evoke concerns, particularly if you experienced the housing crash of 2008. However, while there is indeed an uptick, the data indicates that we are not heading towards a foreclosure crisis.

Let's delve into the latest information and compare it with historical data to provide clarity and alleviate any apprehensions.

The Media's Portrayal May Be Misleading
Reports emphasizing the rise in foreclosures might seem alarming. However, it's essential to grasp the context behind these numbers. The comparison often contrasts current figures with a time when foreclosures were exceptionally low due to interventions like moratoriums and forbearance programs.

During 2020 and 2021, initiatives such as moratoriums and forbearance programs provided critical support to millions of homeowners, keeping foreclosure rates artificially low. With ...

Thursday, November 2, 2023   /   by Aaron Kinn

Exploring the Heart of Texas: Discovering the Magic of DFW

As we embrace the splendor of November in the Dallas-Fort Worth (DFW) region, it's an opportune moment to delve into the extraordinary experiences and attractions that define this area's uniqueness. Join me on a journey through this vibrant locale as we explore what makes November in DFW truly remarkable.

1. Fall Festivals:

November in DFW retains the essence of autumn, inviting us to celebrate the season. The State Fair of Texas, often extending into this month, offers a cornucopia of delights. Immerse yourself in the diverse culinary offerings, live musical performances, and exhilarating rides that have made this event an annual favorite.

2. Nature's Palette:

In November, DFW bursts into life with the breathtaking hues of autumn. The region's parks, trails, and gardens adorn themselves with a splendid display of fall foliage. Allow me to introduce you to the picturesque outdoor spaces in the area, which could potentially become your new haven. Learn more about the bes ...

Thursday, September 15, 2011   /   by Aaron Kinn

Housing market: Foreclosures to the rescue!

Tami Luhby from CNN Money has some great insights for the foreclosure process. Here's a quick recap from her latest article on CNN Money...

"If the Obama administration really wants to save the housing market, it should speed up the foreclosure process -- not prolong the inevitable, experts say.

Four years into the housing crisis, the real estate market is still teetering on the edge. The Obama administration has tried one program after another to stem the tide of foreclosures with limited success. And it is continuing to look for ways "to ease the burden on struggling homeowners," though no new initiative is imminent, the White House said this week.

But some housing experts argue that the administration should go in a different direction than it has in the past. Instead, they say it's time to focus on pushing many of those delinquent borrowers through the foreclosure process and putting foreclosed properties back into use.

While some of the 2.2 million loans in foreclosure can stie ...