Husky Homes Blog - February, 2022

Home Prices Continue to Rise in Dane County as Inventory Remains Low

There is not great news for buyers in Dane County this year with median sales prices increasing, inventory remaining low and mortgage rates climbing. The median home sale price in Dane County hit a new record high in 2021, rising 11 percent year over year to $379,948. Meanwhile, our local homes inventory has seen no increase despite all the new construction builds seen around the area.  This is likely due to the continued population growth in Dane County.  Forecasters do expect mortgage rates to increase next year, but the effects would likely not be felt until the second half of the year. Fannie Mae economists were projecting mortgage rates would average 3.4 percent during the final three months of 2022, while economists at the Mortgage…

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Want Top Dollar for Your House? Now’s the Time To List It

Want Top Dollar for Your House? Now’s the Time To List It.

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list.

1. Demand Is Very Strong This Winter

A recent article in Inman News explains:

“Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’”

And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with…

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Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

Why Right Now Is a Once-in-a-Lifetime Opportunity for Sellers

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s why.

Demand Is Very Strong

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), 6.18 million homes were sold in 2021. This was the largest number of home sales in 15 years. Lawrence Yun, Chief Economist for NAR, explains:

“Sales for the entire year finished strong, reaching the highest…

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The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. To give you an idea of how rising mortgage rates impact your purchasing power, see the table below:

How Can You Know Where Mortgage Rates Are Headed?

While it’s always difficult to know exactly where mortgage rates will go, a great indicator of where they may head is by looking…

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Our Clients Love Their Homes

The best part of a final walkthrough is watching you start to "decorate" and "renovate" your home before it is actually yours. You want to change this flooring, move this wall, or sometimes redo a whole kitchen. Sometimes it's painting an accent wall or designating the perfect spot for your pup to look out the window. I love seeing you imagine this house into your home. So this month, with our theme of "Loving Your Home!," I'm reaching out to you, my past clients, to visit! I want to see what you've done with the place! Whether it's a well-placed chair or full bathroom remodel, I want you to show it off! I would love to come over and get some photos and videos of your beautiful homes to feature on our Husky Homes' social media accounts (or if…

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Do You Love Your Home

Homes are so easy to fall in love with. Sometimes, it happens unintentionally the first time you stumble across a listing online, and other times it happens when you walk in the front door and feel the energy of the space and you just know it has to be yours. This is absolutely one of the most fun parts of working in real estate - you see people fall in love every day!  Then, you fall in love over and over again when you move-in and slowly transform the house into your own space. It's a beautiful thing that homes can be so quickly transformed - with only decor, paint, and other updates, a home often feels completely reinvigorated and new! It's a never-ending journey to continue to update spaces around you to fit your ever-changing style, but it can…

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