Blog — Lyn Trayte

Your Arizona Realtor For Life

Posts in Home Equity

The Truth About Negative Home Equity Headlines

The Truth About Negative Home Equity Headlines

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you really need to understand what’s happening and at what scale. Let’s break down one of the big equity stories you may be seeing in the news, and what’s actually taking place. That way, you’ll have the context you need to understand the big picture.

What Buyers Need to Know Abount the Housing Inventory

What Buyers Need to Know Abount the Housing Inventory

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market.

If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for sale today than there were at this time last year.

Home Equity: A Source of Strength For Homeowners Today

Home Equity: A Source of Strength For Homeowners Today

Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. In today’s real estate market, many homeowners have far more equity in their homes than they realize due to the home price appreciation we’ve seen over the past few years.

Top Questions About Selling Your Home This Winter

Top Questions About Selling Your Home This Winter

There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house.

What Happens to Housing when There’s a Recession?

What Happens to Housing when There’s a Recession?

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly.

The Emotional and Non Financial Benefits of Homeownership

The Emotional and Non Financial Benefits of Homeownership

With higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership.

The Latest On Supply And Demand in Housing

The Latest On Supply And Demand in Housing

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point.

Should You Still Buy A Home With The Latest News About Inflation?

Should You Still Buy A Home With The Latest News About Inflation?

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession.

You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch it’s creating on your wallet and the looming economic uncertainty may leave you wondering: “should I still buy a home right now?” If that question is top of mind for you, here’s what you need to know.

Perspective Matters When Selling Your House Today

Perspective Matters When Selling Your House Today

Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown.

Two Questions Every Homebuyer Should Ask Themselves Right Now

Two Questions Every Homebuyer Should Ask Themselves Right Now

If you’re thinking about buying a home, asking yourself about home prices and mortgage rates will help you make a powerful and confident decision. Experts see both prices and rates rising in the future. The alternative is to rent, but rents are also increasing. That may mean buying a home makes more sense than renting.

The Cost of Waiting for Mortgage Rates to Go Down

The Cost of Waiting for Mortgage Rates to Go Down

Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set your homebuying plans.

The True Strength of Homeownership

The True Strength of Homeownership

Homeowners today have more financial strength than they have had since 1983. This is a combination of how homeowners have handled equity since the crash and rising home prices of the last two years. And this is yet another reason homeownership in any market makes sense.

If You're Thinking of Selling Your Home This Fall, Hire a Pro!!

If You're Thinking of Selling Your Home This Fall, Hire a Pro!!

Whether it’s following local and national trends and guiding you through a shifting market or pricing your house right, a real estate agent has essential insights you’ll want to rely on throughout the transaction. Don’t go at it alone.

2022 Home Selling, Home Selling, Home Values, Home Equity, Mortgage Rates, Phoenix Real Estate, Real Estate Forecast, Real Estate StatisticsLyn TrayteSeptember 29, 2022Trusted Advisor, Home Selling, Sellers, Phoenix Home Selling, Phoenix Real Estate, Scottsdale Realtor, Scottsdale Real Estate, Helpful AgentComment

What Experts Say Will Happen With Home Prices Next Year..

What Experts Say Will Happen With Home Prices Next Year..

Experts are calling for home prices to appreciate next year, although at a slower pace than the previous three years. The reason for this is simple. The dynamics of supply and demand are playing out in real estate and will continue for many years to come.

Will My House Still Sell in Today's Market?

Will My House Still Sell in Today's Market?

If recent headlines about the housing market cooling and buyer demand moderating have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.

Watching the Stock Market? Check the Value of Your Home for Good News!

Watching the Stock Market? Check the Value of Your Home for Good News!

While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices.

2022 Housing Market, Home Equity, Home Values, Phoenix Real Estate, Real Estate Bubble, Real Estate Forecast, Real Estate StatisticsLyn TrayteSeptember 21, 2022Home Ownership, Home Values, Appreciation, Rising Home Values, Home Equity, Scottsdale Realtor, Phoenix Real Estate Forecast, Phoenix Real Estate, Lyn Trayte Realtor, Trusted AdvisorComment

What's Actually Happening with Home Prices Today?

What's Actually Happening with Home Prices Today?

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture.

Why You May Want to Start Your Home Search Today..

Why You May Want to Start Your Home Search Today..

If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, and that’s the growing number of homes for sale.

What Sellers Need To Know in Today's Housing Market

What Sellers Need To Know in Today's Housing Market

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market.

What does the Rest of the Year Hold for Home Prices?

What does the Rest of the Year Hold for Home Prices?

If you’re worried the house you’re trying to sell or the home you want to buy will decrease in value, you should know experts aren’t calling for depreciation in most markets, just deceleration. That means your home should still grow in value, just not as fast as it did last year