{"id":2505,"date":"2019-10-22T05:00:57","date_gmt":"2019-10-22T10:00:57","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/depending-on-the-price-youre-going-to-need-advice\/"},"modified":"2019-10-22T05:00:57","modified_gmt":"2019-10-22T10:00:57","slug":"depending-on-the-price-youre-going-to-need-advice","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/depending-on-the-price-youre-going-to-need-advice\/","title":{"rendered":"Depending on the Price, You\u2019re Going to Need Advice"},"content":{"rendered":"

\"Depending<\/p>\n

To understand today\u2019s complex real estate market, it is critical to have a local, trusted advisor on your side \u2013 for more reasons than you may think.<\/span><\/p>\n

In real estate today, there are essentially three different price points in the market: the starter-home market, the middle-home market, and the premium or luxury market. Each one is unique, and depending on the city, the price point in these categories will vary. For example,\u00a0a starter\u00a0or lower-end\u00a0home in San\u00a0Francisco, California is much more expensive\u00a0than\u00a0almost any other\u00a0part of the country. Let\u2019s explore\u00a0what you need to know about\u00a0each of these\u00a0tiers.<\/p>\n

Starter-Home Market: <\/strong>This market varies by price, and these homes are typically purchased by first-time home buyers or investors looking to flip them for a profit. Across the country, homes in this space currently have less than 6 months of inventory for sale. That means there aren\u2019t enough homes on the lower end of the market for the number of people who want to buy them. A low supply like this generally increases competition, drives bidding wars, and sets up an environment where homes sell above the listing price. According to data from the National Association of Realtors<\/em> (NAR) on realtor.com<\/a>,<\/p>\n

\n

\u201cThe desire for affordability continues to push down the inventory for homes listed for less than $200,000.00.\u201d<\/em><\/p>\n<\/blockquote>\n

Middle-Home Market:<\/strong> This segment is often thought of as the move-up market. Typically, the buyer in this market is moving up to a larger, more custom home with more features, all coming at a higher price. Across the country, this market is looking more balanced than the lower end of the market, meaning it has closer to a 6-month supply of inventory for sale. This market is more neutral, but leaning towards a seller\u2019s market<\/a>.<\/p>\n

Premium & Luxury Home Market: <\/strong>This is the top end of the market with larger homes that have even more custom features and upgrades. Nationwide, this market is growing in the number of homes for sale. In the same realtor.com<\/a> article, we can see that year-over-year inventory of homes in this tier has grown by 4.7%. Today, there are more homes available in the premium and luxury space, leading to more of a buyer\u2019s market at this end.<\/p>\n

Bottom Line <\/strong><\/h3>\n

Depending on the segment of the market and the price point you\u2019re looking at, you\u2019re going to need the advice of a true local market expert. Let’s get together to help you navigate the home-buying or selling process in your market.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

To understand today\u2019s complex real estate market, it is critical to have a local, trusted advisor on your side \u2013 for more reasons than you may think. In real estate today, there are essentially three different price points in the market: the starter-home market, the middle-home market, and the premium or luxury market. Each one […]<\/p>\n","protected":false},"author":1,"featured_media":2506,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-2505","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nDepending on the Price, You\u2019re Going to Need Advice—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/depending-on-the-price-youre-going-to-need-advice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Depending on the Price, You\u2019re Going to Need Advice—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"To understand today\u2019s complex real estate market, it is critical to have a local, trusted advisor on your side \u2013 for more reasons than you may think. 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