AUGUST REAL ESTATE NEWS: THE TRUTH ABOUT WHERE HOME PRICES ARE HEADING

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There are plenty of headlines these days calling for a housing market crash. But the truth is, they’re not telling the full story. Here’s what’s actually happening, and what the experts project for home prices over the next 5 years. And spoiler alert – it’s not a crash. Yes, in some local markets, prices are flattening or even dipping slightly this year as more homes hit the market. That’s normal with rising inventory. But the bigger picture is what really matters, and it’s far less dramatic than what the doom-and-gloom headlines suggest. Here’s why. Over 100 leading housing market experts were surveyed in the latest Home Price Expectations Survey (HPES) from Fannie Mae . Their collective forecast shows prices are projected to keep rising over the next 5 years, just at a slower, healthier pace than what we’ve seen more recently. And that kind of steady, sustainable growth should be one factor to help ease your fears about the years ahead (see graph below) : And if you take a look at ...
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February Home Maintenance Checklist: Preparing Your Home for a Smooth Transition

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February serves as a pivotal time to ready your home for the shift from winter's grasp to the budding promise of spring. It's an opportune moment to conduct thorough inspections, address lingering winter issues, and prepare your home for the upcoming season. Here's a comprehensive checklist to guide your February home maintenance routine:

1. HVAC Systems:

Inspect Heating Systems: Ensure your heating system is in top condition. Replace filters, check vents, and consider scheduling professional maintenance to optimize efficiency.

2. Exterior Check-Up:

Roof and Gutters: Examine the roof for any damage or loose shingles. Clean gutters and downspouts to prevent blockages and ice buildup.

Seal Drafts: Check for drafts around windows and doors, sealing any gaps to conserve energy and keep your home cozy.

3. Plumbing Review:

Check for Leaks: Inspect pipes for leaks or signs of water damage. Repair leaks promptly and insulate exposed pipes to prevent freezing.

Sump Pump Testing: Test your sump pump (if applicable) to ensure it's working properly, especially in preparation for potential spring rains.

4. Fire Safety:

Test Alarms: Test smoke detectors and carbon monoxide detectors, replacing batteries if needed, to ensure they're in working order.

5. Outdoor and Garden Prep:

Pruning: Trim dead branches from trees and shrubs to encourage healthy growth in the coming season.

Prepare Garden Beds: Clear garden beds of debris and add compost to prepare for spring planting.

6. Interior Maintenance:

Deep Cleaning: Dedicate time to a thorough cleaning session, focusing on overlooked areas like baseboards, vents, and behind appliances.

Appliance Check: Inspect and clean appliances such as refrigerator coils, dryer vents, and dishwasher filters for optimal performance.

7. Safety Checks:

Emergency Kit Review: Take inventory of emergency supplies and review household emergency plans with all family members.

8. Seasonal Precautions:

Snow and Ice Removal: Keep walkways and driveways clear of snow and ice to prevent accidents.

Outdoor Lighting: Check and replace any burnt-out bulbs in outdoor lights for safety and security.

9. General Inspections:

Attic and Basement: Inspect these areas for signs of pests, water leaks, or insulation issues.

Adhering to this February home maintenance checklist will equip your home to transition seamlessly from the winter cold to the blossoming spring. By addressing these tasks now, you'll ensure a comfortable, safe, and well-prepared living space for the months ahead.

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