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The Coeur d'Alene, Idaho real estate market is buzzing with activity, and there’s so much to unpack from this past month-November 2024. Whether you’re considering buying your dream home or selling and upgrading, understanding key market metrics can give you the confidence to make informed decisions. Let’s dive in and explore the trends shaping our local real estate scene and what they mean for you! What Makes Coeur d'Alene Special? Before we jump into the numbers, let’s take a moment to appreciate what makes our area so incredible. Coeur d'Alene’s natural beauty, with its shimmering lakes, beautiful landscapes, and welcoming community vibe, makes it one of the most desirable places to live. Whether you’re looking for outdoor adventures or a peaceful retreat, this town truly has something for everyone. Months Supply of Inventory: 3.57 This critical metric represents how long it would take to sell all the homes currently on the market if no new listings appeared. With 3.57 months of inventory, the market is teetering between balanced and favoring sellers. Generally, a lower number signals a seller’s market, while a higher number indicates more opportunities for buyers. For sellers, this is your cue to prepare your property to stand out. For buyers, a balanced market means you still have options without the intense competition of a seller’s market. 12-Month Change in Months of Inventory: +9.17% The increase in inventory compared to last year is excellent news for buyers. More homes on the market provide greater selection, giving you the opportunity to find the perfect property. If you’re selling, it’s a reminder to position your home competitively. More inventory means buyers have choices, so showcasing your home’s unique value is key. Median Days on Market: 15 Homes are moving fast! With a median of just 15 days on the market, well-priced and well-marketed properties are snapped up quickly. Sellers, this is your moment to shine. Presenting your home in its best light can lead to swift offers. Buyers, be ready to act decisively. Work with a knowledgeable agent (hint: me!) to move quickly when you find the right fit. List-to-Sold Price Ratio: 97.8% On average, homes are selling for nearly 98% of their listing price, reflecting a strong, competitive market. For sellers, this means pricing your home accurately from the start is crucial to attracting motivated buyers. Buyers, it’s a sign to come prepared with solid offers. A competitive market like this rewards informed decisions and timely actions. Median Sold Price: $573,500 The median sold price provides a snapshot of the area’s home values. At $573,500, it’s clear that Coeur d'Alene remains an attractive and desirable market. Buyers can use this as a benchmark when planning their budget. Sellers, this figure can help set realistic expectations for your property’s value. A Glimpse Into the Future As we head into the winter months, the market might see some seasonal shifts, but Coeur d'Alene’s appeal ensures steady activity. Buyers can take advantage of potentially less competition during this time, while sellers should prepare their homes to shine in a slightly calmer market. Either way, planning ahead with expert advice is always a winning strategy. ​ What Does This Mean for You? For buyers, the slightly increasing inventory is creating more opportunities to find your dream home, but with quick turnaround times, having an expert guide on your side is critical. For sellers, the high demand and competitive pricing environment ensure your home can sell quickly and for top dollar—if you’re prepared and strategic. Navigating the real estate market doesn’t have to be overwhelming. With a deep understanding of local trends and personalized guidance, I’m here to help you achieve your goals, whether you’re buying, selling, or both. Let’s connect! I can provide detailed visual aids, including charts and infographics, to help you make sense of these numbers and craft a winning strategy tailored to your needs. Reach out today to discuss your unique needs and how we can make the most of this exciting market. Let’s turn your real estate dreams into reality!

Coeur d'Alene Real Estate Market Insights: November 2024

Lately, I’ve been hearing from clients who are apprehensive about making real estate moves with the presidential election on the horizon. Whether they’re thinking about investing, buying, or selling, the uncertainty surrounding this election year has made some hesitant to make real estate moves. It’s understandable—after all, election years often bring economic questions, and the real estate market can feel especially sensitive during these times. So, let’s dive into what the 2024 election might mean for real estate and explore how other factors, like interest rates and local market trends, might influence your decisions. The Presidential Election Effect Election years often bring about market fluctuations, but these shifts can vary widely. For example, during the 2008 election amidst the Great Recession, home prices dropped significantly. In contrast, despite the pandemic, the 2020 election saw a robust housing market driven by low interest rates and high demand. Freddie Mac data shows that while there may be slight slowdowns in market activity leading up to elections, markets tend to stabilize or even rebound afterward. According to Freddie Mac, nine of the past eleven election cycles saw the market pick up after the election results were finalized. This pattern suggests that while elections can impact market activity temporarily, they are rarely a determining factor for long-term trends. The Role of Interest Rates and Economic Policies High interest rates, such as those seen in 2024, add an extra layer of complexity to real estate decisions this election year. These elevated rates have increased the cost of borrowing, impacting affordability for buyers and potentially cooling market activity. Unlike previous election years with lower rates that spurred buying, today’s environment means potential buyers need to be more strategic. The Federal Reserve’s rate policies, influenced by broader economic conditions and federal administration, will significantly impact real estate. Although mortgage rates have shown a historical tendency to ease slightly as election day nears, substantial rate drops are not expected this year due to persistent inflation concerns. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241121080726.png" alt="" width="" height="" style=""></figure></div>Regional Market Variations Different regions respond uniquely to election cycles, and this is especially true for areas like Coeur d'Alene, Idaho. Unlike metropolitan areas like Washington D.C., where the impact of election results can be pronounced due to government employment ties, Coeur d'Alene may experience more subtle shifts. Local factors, such as employment opportunities, housing inventory, and regional economic health, play a more immediate role here than national election outcomes. Coeur d'Alene Real Estate in the Context of the 2024 Election With the 2024 presidential election on the horizon, many potential buyers and investors in Coeur d'Alene are keeping a close eye on the market. While some may be cautious about making big decisions before the election results, Coeur d'Alene’s unique appeal offers a level of stability that makes it attractive for real estate investment, regardless of political cycles. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241121080834.png" alt="" width="" height="" style=""></figure></div>Coeur d'Alene is known for its stunning landscapes and desirable lifestyle, drawing both out-of-state buyers and local investors who value the area’s natural beauty and recreational offerings. Lakefront properties, for instance, are particularly sought after, thanks to their rarity and enduring appeal. Even in times of uncertainty, these waterfront homes often hold their value well due to limited availability and high demand from those looking to enjoy life by the lake. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241121080911.png" alt="" width="" height="" style=""></figure></div>Beyond the lakefront, Coeur d'Alene’s market as a whole benefits from a variety of lifestyle amenities, such as golf courses, hiking trails, and a vibrant downtown scene. These features consistently attract buyers, from those seeking primary residences to vacation homes, ensuring steady interest in the area. And with limited inventory, property values are likely to remain resilient even through election-related market hesitations​. For those contemplating investment, Coeur d'Alene’s luxury segment can also offer reassurance. Buyers in this category often prioritize lifestyle and long-term potential over short-term fluctuations, which means that luxury properties in the area may continue to see interest from buyers seeking stability and exclusivity. Whether you’re considering a scenic lakefront retreat or a home near downtown, Coeur d'Alene provides a compelling mix of lifestyle-driven investment opportunities, potentially insulating the market from some election-year volatility. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241121080945.png" alt="" width="" height="" style=""></figure></div>How Different Investors Approach Election Years Election cycles influence investor behaviors in various ways, as each group interprets and responds to market uncertainty differently. For short-term investors, such as house flippers or those seeking quick returns, election years may prompt caution due to potential market volatility. These investors often rely on stable, predictable markets to maximize profits, so the uncertainties surrounding election outcomes can lead to temporary pauses in buying and selling activity. Long-term investors, on the other hand, typically have a different outlook. Real estate has a historical trend of appreciation over time, regardless of short-term fluctuations caused by political events. Many long-term investors view temporary dips as buying opportunities, believing that the market will correct itself in the years following an election. This approach can be particularly advantageous in places like Coeur d'Alene, where properties—especially those in desirable locations—are likely to retain their value due to continued demand and limited inventory​. Rental property investors may find increased opportunities during election years, especially when interest rates are high. With rising borrowing costs, some potential homebuyers may opt to rent instead, boosting rental demand. For those who own rental properties or are considering entering the rental market, this shift can mean stronger cash flow and higher occupancy rates. In Coeur d'Alene, the appeal of the area to vacationers and those seeking short-term stays further supports the rental market, as the area draws people who may be hesitant to purchase until post-election clarity is achieved​. Luxury property investors often operate with a unique perspective as well. Buyers in the luxury segment may be less sensitive to economic shifts or interest rate fluctuations, as they often have the financial flexibility to invest based on lifestyle preferences and long-term gains. This can provide a level of stability in markets like Coeur d'Alene, where luxury properties continue to attract out-of-state buyers regardless of short-term political uncertainties. Ultimately, while election years can create temporary hesitations, savvy investors across various groups often use this time to assess the market for opportunities that align with their goals and risk tolerance. By focusing on long-term market fundamentals and understanding local dynamics, investors can navigate election cycles with strategies tailored to their investment style. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241121081116.png" alt="" width="" height="" style=""></figure></div>The Personal Factor Ultimately, whether you should buy, sell, or invest is a personal decision influenced by factors beyond just the election. For those planning to live in their property for the long haul, short-term fluctuations might not matter as much. Sellers could still find motivated buyers in Coeur d'Alene, thanks to its ongoing appeal and consistent demand. Final Thoughts While the 2024 presidential election will certainly influence the real estate market, its effects may be temporary. In the case of Coeur d'Alene, local factors and the area’s natural appeal may mitigate some of the typical election-year volatility. Staying informed and partnering with knowledgeable professionals is key to navigating this market effectively. Contact me today to discuss your real estate goals, and together, we can craft a strategy that aligns with the current market conditions. Whether buying, selling, or investing, I’m here to help you make confident decisions in 2024 and beyond. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241121081205.png" alt="" width="" height="" style=""></figure></div>

Real Estate in 2024: To Buy, Sell, or Invest – The Presidential Election Factor

Let’s dive into the latest real estate stats for Coeur d'Alene this past September and see what the numbers really mean for all of you buyers and sellers out there. Months Supply of Inventory: 4.41 Alright, first up, the Months Supply of Inventory is sitting at 4.41. In simpler terms, if no new homes hit the market, we’d run out of houses to sell in about 4.4 months. It’s not quite a buyer’s market, not quite a seller’s market—it’s more like a Goldilocks market. Not too hot, not too cold... just right for everyone to get a taste of the action. Inventory Change Over the Last Year: +18.55% This might be the most exciting stat for you potential buyers: inventory has gone up by 18.55% over the past year! That means more homes to choose from. It's like finally finding your size at a shoe sale—more options, more chances to snag the perfect fit. Sellers, don’t worry! More homes on the market just means it's time to make your place shine and stand out from the crowd. Median Days on Market: 25 Homes are flying off the shelves in just 25 days on average. It’s still a fast-paced market, folks. If you’re a buyer, be ready to pounce when you find “the one.” And if you’re selling, know that if you price it right, you won’t be on the market long. A little staging magic, a good price, and bam—you’re sold before you know it. List to Sold Price Percentage: 96.5% With homes selling at around 96.5% of the asking price, sellers are walking away with a decent chunk of what they’re asking. But buyers, this little gap means there might be room for some good ol’ negotiation. Who doesn’t love that? Median Sold Price: $585,000 The median price of homes sold is clocking in at $585,000. It’s a solid number and shows that prices are holding steady, even with a bit more inventory on the scene. This should give both buyers and sellers some peace of mind—whether you’re looking to buy your next slice of North Idaho paradise or sell it to someone else.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241121080448.png" alt="" width="" height="" style=""></figure></div>Wrapping It Up Overall, Coeur d'Alene’s market is holding steady, with enough options for buyers and a good return for sellers. So, if you’re thinking of buying, get ready to explore a bit more inventory with a dash of negotiating power. Sellers, now’s the time to price right and maybe throw in a little curb appeal for good measure. Curious About Other Parts of Kootenai County? If Coeur d'Alene isn’t the exact spot you’re eyeing, no problem! I’m here to help you make sense of the entire Kootenai County market. Whether you’re looking to buy or sell in Post Falls, Hayden, or anywhere else in the area, reach out for a specialized market report tailored just for you. Let’s find the perfect fit for your real estate goals. Got questions about what all this means for you? Let’s chat! Whether you’re looking to buy, sell, or just talk shop about the market, I’m here to help you navigate the Coeur d'Alene real estate scene. Give me a shout, and let's make the most of this unique market!

September 2024 Coeur d'Alene Real Estate Market Update: Key Insights for Buyers and Sellers

It’s been a while since our last real estate market update, and I’m excited to share some key insights and trends that are shaping our local market right now. Whether you’re actively looking to buy or sell, or just keeping an eye on how the market is performing, I’m here to bring you the latest and most relevant information. Current Market Snapshot - See infographic above! Let’s dig into some numbers that paint a picture of our current market. The Months Supply of Inventory (MSI) stands at 4.83. Think of MSI as a quick snapshot of the balance between supply and demand. A lower MSI indicates fewer homes are available relative to buyers, which generally favors sellers. On the other hand, a higher MSI suggests buyers have more options and more leverage in negotiations. Year-Over-Year Changes: Looking back over the past year, we’ve noticed a significant +21.66% increase in inventory. This means there are more homes available now than there were last year. For sellers, this might mean rethinking pricing strategies to remain competitive. For buyers, more inventory means more choices and less pressure to make a hurried decision. How Quickly Are Homes Selling? The Median Days on Market is 32 days, which tells us homes are selling pretty briskly. It’s a good indicator of a healthy market—homes aren’t sitting unsold for long periods, but there’s also enough time for buyers to make thoughtful decisions without feeling rushed. Are Sellers Getting Their Asking Price? Indeed, they are! With the List to Sold Price Ratio at an impressive 97%, it’s clear that homes are selling very close to their listed prices. This metric reassures both sellers and buyers that the market values are stable and predictable, which is great news for everyone involved. What’s the Going Rate? The Median Sold Price provides a benchmark for what homes are going for in our area. It’s an essential figure for sellers setting prices and for buyers making sure they’re investing wisely. What This Means for You: Navigating the real estate market can sometimes feel like reading a foreign language. Let’s break down what these trends really mean for you, whether you're looking to buy or sell in our beautiful Coeur d'Alene. If You’re Selling: With the Months Supply of Inventory (MSI) at 4.83, we're teetering on the edge of a seller's market, but not so deeply that buyers are discouraged. This is the perfect scenario for sellers because it means there’s enough competition to potentially drive up final sale prices without squeezing out too many potential buyers. Given the market's competitive nature, having the right pricing and marketing strategy is more crucial than ever. Pricing your home correctly from the start can prevent it from languishing on the market, which can stigmatize the listing and lead to lower offers down the road. Effective marketing, showcasing your home's best features through professional photos and targeted online advertising, can draw in serious buyers quickly. If You’re Buying: The year-over-year increase of +21.66% in inventory is music to the ears of buyers. More homes on the market mean more choices, yes, but it also means the potential for better bargaining power. With more homes to choose from, buyers can afford to be picky, taking the time to find the perfect fit without feeling the pressure to rush into a bid due to a lack of options. However, don't let the increase in inventory make you complacent. The relatively quick median days on the market—32 days—indicates that even with more options, desirable homes in prime locations are still moving fast. This means that while you might have more leverage than buyers did last year, waiting too long to make an offer could still result in missing out on your ideal home. Navigating Your Next Steps: Whether you’re considering selling your home or searching for a new one, understanding these market dynamics can help you make informed decisions that align with your goals. If you’re selling, consider consulting with a real estate professional to nail down the right listing price and marketing approach. If you’re buying, keep an eye on new listings and be prepared to act swiftly when you find a match that meets your needs and budget. Let's Connect: Navigating real estate can seem daunting, but you don’t have to do it alone. I’m here to provide you with personalized advice and insights tailored to your unique situation. Whether you’re looking to buy, sell, or just chat about the potential of your property, I’m just a phone call or email away. Ready to make a move or just curious about the market? Reach out today and let’s explore your options together! Remember, in Coeur d'Alene real estate, being informed is the key to making smart decisions.

Coeur d'Alene Real Estate Market Overview: August 2024 Insights

When examining these real estate metrics, we notice a strong correlation among them, which paints a promising picture for both buyers and sellers and instills a sense of optimism in the market. Let's start by examining the Months' Supply of Inventory, which stands at a low 0.64. This indicates that there are fewer homes available on the market compared to buyer demand. The low supply can create a sense of urgency among buyers, as they may need to act quickly to secure a home. The 12-Month Change in Months of Inventory is also significant, showing a decrease. This sharp decline indicates that the market has become more competitive for buyers, as the supply of homes has decreased significantly over the past year. The Median Days Homes are On the Market is only 5, which is a very short amount of time. This shows that homes are selling quickly once they are listed, further emphasizing the high demand in the market. The List-to-Sold Price Percentage is 99.7%, indicating that homes are selling very close to their listing price. This can be a positive sign for sellers, as it suggests that they are able to receive close to their asking price for their property. Lastly, the Median Sold Price is $756,722, showing that homes in this market are selling for a relatively high price point. This can be good news for sellers looking to maximize their profits. Overall, these metrics suggest a highly competitive real estate market with low inventory, quick sales, and high selling prices. Both buyers and sellers need to be proactive and prepared to make strong offers or decisions. Got more questions or need personalized advice? Feel free to reach out to me, Debbie Taylor, at The Agency Coeur d'Alene. I'm here to assist you with all your real estate needs and help you make the most of the current market trends in Post Falls, ID and all the surrounding areas. Let's make your dreams come true!&nbsp;

Navigating Post Falls, ID Real Estate Market Trends For June 2024

As a seasoned realtor, I would like to compare the real estate market to an intricate dance. It's all about timing, rhythm, and understanding your partner—in this case, the market. We're waltzing through a unique period in Kootenai County's real estate history. Let's delve into this dance and uncover some strategies to help you sell your property successfully. The Rhythm - Understanding Market Trends Understanding the current rhythm of our local market is crucial. Kootenai County is experiencing a seller’s market—more buyers than homes are available. This situation can work in your favor as it often leads to competitive offers and potentially higher selling prices. However, avoid being lured into complacency by these favorable conditions; instead, use them strategically. For instance, consider listing during off-peak seasons when there's less competition but still enough demand. The Timing - When to List Your Property Timing is everything in both dance and real estate. Research shows that homes listed on Thursdays tend to sell faster and at higher prices compared to other days of the week. Why? Potential buyers are planning their weekend home tours, and new listings are catching their attention. Also, could you consider seasonal trends? Spring traditionally sees a surge in buyer activity because of warmer weather and families wanting to move before the next school year starts. The Partner - Choosing Your Realtor Choosing me as your realtor is like selecting an experienced dance partner who knows every step of the routine perfectly well—someone who can guide you seamlessly through complex moves without missing a beat. I provide comprehensive pre-listing consultations where we'll discuss staging techniques that highlight your home’s best features while downplaying any potential drawbacks—a strategy proven effective in securing quicker sales at better prices. The Unexpected Moves - Navigating Challenges Every dance has its tricky steps; in real estate, these often come as unexpected repairs or buyer demands. As your realtor, I'll help you anticipate potential hurdles and strategize how to address them without disrupting the sale process. For instance, we can conduct a pre-inspection to identify any issues that might deter buyers. This proactive step gives us time to fix problems and demonstrates transparency—something today's buyers greatly appreciate. The Finale - Closing the Deal The final part of our dance is closing the deal—a stage where my negotiation skills genuinely shine. With an understanding of local market trends and buyer behavior, I can secure favorable terms for my clients while ensuring a smooth transition for both parties. Remember: selling your home is more than just a transaction; it's a life-changing event that requires careful navigation. As your trusted partner in this dance, I am committed to making it an enjoyable experience with rewarding results. "Let's dance the Waltz together!"

Achieving Proficiency at the Current Real Estate Market | Coeur d'Alene, ID

Embracing Change: A Move to "The Agency -Coeur d'Alene" I'm thrilled to announce that I've taken a decisive step in my career by joining The Agency Coeur d'Alene. This boutique luxury brokerage is known for its innovative approach to real estate. The Agency Coeur d'Alene isn't just a brokerage; it's a beacon for luxury real estate, and it resonates seamlessly with the spirit of 'The American Dream.' Together, we're set to redefine community living, showcasing not just homes but the stories that shape our unique north Idaho lifestyle. The Agency Difference The luxury real estate boutique experience is all about providing personalized service and attention to detail. It's an approach to real estate that considers the specific needs and desires of each client – regardless of the price point. In this environment, clients can expect exceptional service from start to finish. From the initial consultation to the final closing, every step of the process is carefully crafted to ensure a seamless and enjoyable experience. Luxury real estate boutiques typically have a smaller team of highly experienced and skilled professionals dedicated to providing the highest level of service. This allows for a more intimate and personalized approach, where clients can expect to work closely with their agent throughout the process to achieve their goals. Overall, it’s about creating a memorable and enjoyable experience for clients while providing top-notch service and expertise every step of the way. Opportunities for Impact Elevating the Luxury Experience Luxury is not solely defined by the price tag that comes with it, it's about the experience that it offers. The Agency Coeur d'Alene understands this, and they help me create custom-tailored experiences for my clients. They ensure that every transaction is not just a deal but a luxury lifestyle journey. Whether finding the perfect dream home, selling a property, or investing in real estate, The Agency Coeur d'Alene provides unparalleled expertise and support at every step. Their team of experienced professionals is dedicated to providing top-notch services that cater to the lifestyle needs of their clients. This ensures that their real estate journey is nothing short of exceptional. With The Agency Coeur d'Alene by my side, I am confident that my clients will receive the best possible experience and that their real estate transactions will be memorable for all the right reasons. Community Engagement and Enrichment A brokerage is only as strong as its ties to the community. As a TV host with The American Dream TV, I have had the privilege of using positive media to highlight the beauty of our community. The Agency Coeur d'Alene shares my vision and places a significant emphasis on community engagement. This provides me with even more opportunities to actively contribute to local causes, events, and projects, fostering a sense of connection and giving back to the community that has welcomed us all. Together, we can continue to showcase the best of what our community has to offer. Collaborative Excellence The collaborative spirit among the professionals in The Agency network is truly inspiring. By being part of this brokerage, I will have the opportunity to learn, grow, and share insights with like-minded individuals. This collaborative approach ensures that every client receives the benefits of a wealth of collective knowledge, creating a synergy beyond the conventional real estate experience. Innovation in Marketing When it comes to luxury real estate, clients deserve the best of the best. That's why The Agency is the perfect partner to help us all achieve our goals. With cutting-edge marketing tools and resources, we are on the path to empowering clients to showcase their properties in the best light possible and reach a global audience. With The Agency on our side, we can all rest assured that we have everything to succeed in today's ever-changing real estate market. Looking Ahead As I embark on this exciting journey with "The Agency Coeur d'Alene," I am fueled by the possibilities. It's not just a career move; it's a commitment to raising the bar in luxury real estate and leaving a lasting mark on the local community. I invite you to join me on this adventure. Whether you're a current client, a prospective client, a fellow real estate professional, or a member of our beloved community, together, we'll paint a canvas of luxury living in Coeur d'Alene that goes beyond expectations. Here's to new beginnings and the pursuit of excellence with The Agency Coeur d'Alene!

 New Chapter Unfolds: Joining The Agency Coeur d'Alene

Divorce is a challenging chapter in life, and when it involves selling a shared home, the process can be emotionally taxing. However, you can successfully navigate this transition with thoughtful strategies and a focus on collaboration. This blog will explore valuable tips to help you sell your home during a divorce, allowing you to move on to the next chapter of your life. Communication is Key: Open and honest communication with your soon-to-be ex-spouse is the foundation of a smooth home-selling process. Establish clear expectations, discuss timelines, and ensure both parties are on the same page. This sets the tone for a more amicable and efficient experience. Professional Guidance: Seek advice from real estate agents, lawyers, and financial advisors. An experienced real estate agent can guide you through the complexities of the market, ensuring you make informed decisions that align with your goals. Realistic Pricing: Agree on a realistic selling price by considering a professional appraisal. A fair market value will attract potential buyers and expedite the sale. Remember that setting a reasonable price from the start can minimize stress for both parties. Equitable Distribution: Work with your legal and financial professionals to decide on the equitable distribution of proceeds from the home sale. This may involve paying off debts and dividing the remaining equity, ensuring a fair and transparent process. Staging and Depersonalization: Stage your home to make it more appealing to potential buyers. Remove personal items and clutter to create a neutral environment. This improves market appeal and helps buyers envision themselves in the space. Coordinate Showings: Collaborate with your ex-spouse to schedule showings and open houses at convenient times for both parties. Flexibility and cooperation can foster a positive and collaborative atmosphere, facilitating a quicker sale. Emotional Preparedness: Acknowledge and prepare for the emotions that may arise during this process. Selling a home during a divorce can be emotionally charged, so approach it with empathy and understanding. Consider involving a mediator if needed to help manage discussions and negotiations. Moving Forward: As you embark on selling your home during a divorce, remember that it's a step towards a new beginning. By prioritizing communication, seeking professional guidance, and approaching the process with empathy, you can make the transition smoother for everyone involved. Bonus: Exclusive Offer: For a comprehensive guide on optimizing your home-selling experience during a divorce, dive into my book, "Best Selling Options in a Divorce." Click here to secure your copy and gain valuable insights into navigating the real estate market during this challenging life transition. This book is tailored to assist you in making informed decisions and achieving the best possible outcome during this crucial time.

Moving On and Moving Out: Tips for Selling Your Home During a Divorce

Considering listing your home for sale? We've got some exciting news to share that might just tip the scales in favor of making that decision. While the real estate market isn't replicating the frenzy of the 'unicorn' years, where homes seemed to vanish off the market almost magically, they're still selling at a brisk pace, and here's why you should take notice. The latest data sourced from Realtor.com sheds light on an interesting trend: homes are spending an average of approximately 69 days on the market. This is three days less than last year and over two weeks shorter than the pre-COVID-19 era. So, what's driving this accelerated pace, and what does it mean for you as a potential seller? Let's break it down. Market Dynamics: A Closer Look The convergence of two key factors is contributing to the current real estate landscape. Firstly, there is heightened buyer interest, fueled in part by reduced mortgage rates. Secondly, there's a noticeable imbalance between demand and supply – more people are looking to buy, but there aren't enough homes to go around. In the words of Mike Simonsen, Founder of Altos Research, "2024 is starting stronger than last year, and demand is increasing each week." Your Potential Advantage Homes are selling faster than the usual pace for this time of year. If you're contemplating selling your home, this could be the opportune moment. The market is displaying a robustness beyond the seasonal norm, creating favorable conditions for sellers. However, seizing this opportunity requires strategic planning and informed decision-making. Expert Guidance: Your Key to Success To navigate the complexities of the current real estate landscape, connecting with a knowledgeable real estate agent is essential. Their expertise can provide valuable insights into local market dynamics, helping you make informed decisions. From pricing strategies to negotiation tactics, having a professional by your side can make all the difference. Take Action Today In conclusion, if the idea of selling your home has been lingering in your mind, now might be the time to turn that contemplation into action. The real estate market is showing strength, and opportunities abound for savvy sellers. Reach out to a local real estate professional to stay informed about the latest market developments and guide you through a successful selling journey. Here's to your success in navigating the ever-evolving real estate landscape!

Unlocking Opportunities in Today's Dynamic Real Estate Market

Let's Talk Cash Money: Now, let's dive into the moolah – 'cause owning a home isn't just about four walls; it's about building wealth. Jessica Lautz, Deputy Chief and VP of Research at the National Association of Realtors, spills the tea: "Homeownership is the number one way to build wealth in America." Picture this: Your home isn't just your castle; it's your treasure chest.&nbsp; And get this, it's not just about your bank account – it's about setting up the next generation for success. Habitat for Humanity spills the beans: "Homeownership promotes wealth building by acting as a forced savings mechanism and through home value appreciation." It's like planting seeds of prosperity that keep growing.&nbsp; Plus, it's not just about financial stability – although, who doesn't love locking in those monthly payments with a fixed-rate mortgage? It's like budgeting with a side of peace of mind. Feels, Thrills, and Happy Vibes: But wait, there's more! Owning a home isn't just a numbers game; it's a vibe. Your space becomes a canvas for your dreams. Fannie Mae says it loud: "Having control over what you do with your living space (94%), a sense of privacy and security (91%), and a good place for your family or to raise your children (90%)…" It's like turning your home into a happiness haven.&nbsp; What's in it for You? Now, if you're all about that American Dream – you know, the one with freedom, security, and prosperity – homeownership is your golden ticket. And guess what? Mortgage rates are doing a happy dance in the downward direction. It's like the universe saying, "Go for it, dreamer!" So, if you're ready to make that dreamy move, it's not just about getting a house – it's about snagging a piece of your own paradise, growing your wealth, and living your version of the dream. Ksenia Potapov, the wise Economist at First American, spills the wisdom: "Homeownership remains an important driver of wealth accumulation and the largest source of total wealth among most households." It's your ticket to the wealth train!&nbsp; To Wrap It Up: In a nutshell, buying a home isn't just a decision; it's the cornerstone of your American Dream. If you're vibing with the idea of claiming a space to call your own this year, let's make it happen! Connect with a local real estate guru, and let the adventure begin. Your dream home is out there, waiting to welcome you into a world of freedom, security, and prosperity.

Homeownership: The Heart of the American Dream

In the ever-evolving world of interior design, color serves as a powerful tool to express personality, set the mood, and breathe life into living spaces. Benjamin Moore's 2024 Colour Trends Palette is a testament to the brand's commitment to offering a spectrum of hues that cater to diverse tastes and design preferences. Let's explore the top 10 trending colors that promise to transform your home into a stylish sanctuary. 1. White Dove: A Classic Canvas for Timeless Elegance Description: White Dove, a classic and timeless white, lays the foundation for a clean and warm canvas that effortlessly adapts to any room's aesthetic. It's a versatile choice that pairs well with both traditional and contemporary design elements. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120050203.png" alt="" width="" height="" style=""></figure></div> 2. Pristine: Crisp White for a Fresh Modern Aura Description: Pristine, a pure and crisp white, exudes a fresh and modern atmosphere. Ideal for those seeking a clean, uncluttered look, this shade brings a sense of purity and simplicity to your interiors. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120050233.png" alt="" width="" height="" style=""></figure></div> ​<span style="color: rgb(0, 0, 0); font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">3. Topaz: Embracing Earthy Warmth Description: Topaz, a warm and earthy tone, draws inspiration from the rich hues found in nature. Infuse your home with a cozy, welcoming atmosphere reminiscent of the outdoors.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120050346.png" alt="" width="" height="" style=""></figure></div> 4. Teacup Rose: Delicate Pink for Soothing Spaces Description: Teacup Rose, a delicate and soothing pink, is perfect for adding warmth to bedrooms or living spaces. This gentle hue creates a tranquil environment that promotes relaxation and comfort.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120050433.png" alt="" width="" height="" style=""></figure></div> ​<span style="color: rgb(0, 0, 0); font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">5. Honeybee: Vibrant Yellow for Positivity Description: Honeybee, a vibrant yellow, injects a pop of energy and positivity into any room. Use this cheerful hue strategically to create focal points and brighten up your living spaces.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120050618.png" alt="" width="" height="" style=""></figure></div> ​<span style="color: rgb(0, 0, 0); font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">6. Regent Green: Deep and Regal Sophistication Description: Regent Green, a deep and regal green, adds a touch of sophistication, making it an ideal choice for study or dining areas. Elevate your space with this rich, opulent shade that exudes elegance.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120050652.png" alt="" width="" height="" style=""></figure></div> ​<span style="color: rgb(0, 0, 0); font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">7. Antique Pewter: Muted and Versatile Green-Gray Description: Antique Pewter, a muted and versatile green-gray, serves as an earthy neutral backdrop for various design elements. Its adaptability makes it an excellent choice for those seeking a subtle, sophisticated palette.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120050736.png" alt="" width="" height="" style=""></figure></div> ​<span style="color: rgb(0, 0, 0); font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">8. Polar Sky: Serene Blue for Calming Retreats Description: Polar Sky, a serene blue, evokes the calming feeling of a clear sky. Perfect for bedrooms or bathrooms, this hue creates a tranquil retreat within your home.<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120050804.png" alt="" width="" height="" style="" origin-size="539,610"></figure></div> ​<span style="color: rgb(0, 0, 0); font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">9. Hazy Lilac: Soft and Muted Purple Tranquility Description: Hazy Lilac, a soft and muted purple, brings tranquility to any space. Create a soothing ambience with this gentle hue that effortlessly complements a variety of design styles. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120050936.png" alt="" width="" height="" style=""></figure></div>​ ​<span style="color: rgb(0, 0, 0); font-family: Roboto, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">10. Blue Nova (Colour of the Year): Bold and Invigorating Blue Description: Blue Nova, the Colour of the Year, is a bold and invigorating blue that steals the spotlight. Infuse modernity and impact into your interiors with this trendsetting shade that demands attention. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120051026.png" alt="" width="" height="" style=""></figure></div>Benjamin Moore's 2024 Colour Trends Palette is a celebration of life's kaleidoscope of colors. By understanding the principles of color theory and embracing the versatility of these carefully chosen shades, you can transform your home into a haven of style and sophistication. Now, it's your turn—comment below and let us know which color resonates with you the most! I am a fan of the Regent Green! And if you're looking to make a change in your living space or considering a new home that aligns with your preferred color palette, why not talk to a real estate agent? As a seasoned professional, I'm here to help you find the perfect home that reflects your unique style. Contact me today, and let's turn your vision into reality. Your dream home awaits! Credit to Georgia Nevison for her article and photos which were incorporated on this blog from zoocasa blog.

Embrace the Kaleidoscope

The sun is setting on your career, and the dawn of retirement is breaking. It's a time for reflection, relaxation, and perhaps...relocation? As you step into this new chapter of life, it's worth considering if your current home still fits the bill or if moving might be the perfect next step.
 
 Think about it - how long have you been in your current abode? Has it been decades since you first turned that key in the lock? Or maybe just a few years? Regardless of duration, homes are like old friends; they hold memories and comfort us with familiarity. But as we evolve over time, so do our needs and preferences.
 
 Consider this analogy: Your home is like a pair of well-worn shoes. They've served you well over the years but may not be suitable for where you're headed next. Retirement can mean more leisure time for hobbies or travel, less need for proximity to schools or work hubs, or even health considerations that necessitate single-level living.
 
 Now let's talk numbers - specifically equity. If you've lived in your house for many years, chances are high that its value has appreciated significantly. This equity could be a golden goose egg that funds a more comfortable retirement lifestyle than anticipated! Downsizing to a smaller home or moving to an area with lower cost of living could free up substantial cash reserves while also reducing maintenance responsibilities. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120045526.png" alt="" data-rotate="" data-proportion="true" data-rotatex="" data-rotatey="" width="" height="" data-size="," data-align="none" data-percentage="auto,auto" data-index="0" data-file-name="image.png" data-file-size="55557" data-origin="," style=""></figure></div>Reflect on your retirement goals too. Are they filled with images of tranquil beachside strolls or vibrant city life explorations? Do they involve being closer to family members or having space for grandchildren to visit? Your dreams deserve center stage now more than ever before.
 
 Moreover, think about energy efficiency – an often overlooked factor when contemplating relocation during retirement. A newer home will likely have better insulation and energy-saving features which can significantly reduce utility bills – crucial when living on a fixed income.
 
 But remember, it's not just about the financials. It's about quality of life too. A new location can bring fresh experiences, opportunities to make new friends, and a chance to explore different parts of the world.
 
 So as you raise a toast to your career and look forward to days filled with possibilities, consider if moving might be part of your retirement adventure. Connect with a local real estate agent who can help you work your way through this exciting journey and find the perfect home that aligns with your vision for retirement.
 
 Retirement is more than an end; it's a beautiful beginning. And perhaps, in a brand-new setting, it could be even more enriching! Share your thoughts below on how you envision your ideal retirement lifestyle – we'd love to hear from you!
 
 Here’s to new beginnings!

Retirement: A Golden Opportunity to Embrace Change and Relocate

Are you curious about the current worth of your home sweet home in the breathtaking landscapes of North Idaho? Well, wonder no more! Greater North Idaho Homes is here to help you unveil the true value of your haven. Whether you're considering a move or simply want to stay informed, now is the perfect time to take the plunge and discover what your property is worth. Why Know Your Home's Value? Knowing the value of your home is a crucial step, especially in a dynamic real estate market. It empowers you to make informed decisions about your future, whether you're planning to sell, upgrade, or refinance. With the real estate landscape constantly evolving, having an accurate understanding of your property's value puts you in the driver's seat. Introducing Our FREE Valuation Tool We've made the process easy for you! Click the link below to access our FREE home valuation tool. It's a simple, hassle-free way to get an estimate of your home's current market value. Our tool considers various factors, including local market trends, comparable sales, and property specifics to provide you with a reliable estimate. [Get Your Free Home Valuation Now] How It Works: 1. Click the Link: Simply follow the provided link to our user-friendly valuation tool. 2. Enter Property Details: Fill in some basic details about your home. 3. Receive Your Estimate: Our tool will generate a quick estimate of your home's current value. Feel free to reach out to us if you've made any changes to your home that might not be reflected online; we're here to help fine-tune your valuation! The Benefits: - Informed Decision-Making: Understand the potential of your investment to make informed decisions about your next steps. - Explore Opportunities: Whether you're looking to sell, upgrade, or refinance, knowing your home's value opens up a world of possibilities. - Connect with Greater North Idaho Homes: Ready for a more in-depth discussion about your property? Our team is here to assist you every step of the way. Don't Miss Out! Your home is more than just a place; it's an investment in your future. Take the first step towards unlocking its true value. Click the link now and embark on a journey to discover the magic number that could shape your real estate future! [Get Your Free Home Valuation Now]

Unlock the Value of Your Home

It’s a common dilemma. You have an incredible property in Coeur d'Alene, Idaho and the surrounding areas, but you're struggling to find the right platform to showcase it. The solution? Television exposure. And not just any television exposure - we're talking about The American Dream TV, not a reality show, but a real TV show - showcasing the area and the incredible people here. I’m Debbie Taylor, your local host on The American Dream TV, and I'm here to share some exciting news that could change the game for you. In November our viewership numbers are incredible! We've seen an exponential growth compared to last year at this time. This isn't just a testament to our engaging content; it's proof that more people are turning to us for their real estate needs. But what does this mean for you? Think of your property being showcased on a platform with rapidly growing viewership. It's like having your own personal billboard in Times Square! More eyes on your property means higher chances of finding the perfect buyer. Now let me give you a glimpse into how we achieved these impressive numbers: Unique Content: Our show isn’t just about selling properties; it’s about telling stories – YOUR story. We dive deep into what makes each property unique and desirable. Local Expertise: As a longtime resident of the area, my intimate knowledge adds authenticity and credibility which resonates with our audience. Strategic Timing: We air during prime viewing hours when most people are tuning in. Consistent Promotion: Through social media and other channels, we confirm that every episode reaches as many potential buyers as possible. So why am I sharing all this with you? Because I believe in the power of opportunity – the opportunity for your property to be seen by thousands of potential buyers through The American Dream TV. If you know someone looking to sell an amazing property in Coeur d'Alene, Idaho, let them know about us. We're not just a TV show; we're a platform for dreams to come true. Remember, the power of television exposure is immense. And with The American Dream TV's remarkable growth story, your property could be next on our list of success stories. To your success, Debbie Taylor P.S. Our journey doesn't stop here. We’re always striving for bigger and better things – more viewership, more engagement, and most importantly, more dream homes sold! Stay tuned for our December numbers – I have a feeling they’re going to be even better!

Unleashing the Power of TV Exposure

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering buying or selling a house. That’s because through all these life-altering events, there is one common thread—the need to move. Reasons People Still Need To Move Today According to the National Association of Realtors (NAR) there have been a lot of this type of milestone or life change over the last two years (see graph below): <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241120043448.png" alt="" width="" height="" style=""></figure></div>And, these big life changes are going to continue to impact people moving forward, even with the current affordability challenges brought on by higher mortgage rates and rising home prices. As Claire Trapasso, Executive News Editor at Realtor.com, says: “Because high mortgage rates, elevated home prices, and stubbornly low inventory make today’s housing market particularly challenging, many of today’s buyers are motivated by life changes, such as growing families, supporting elderly parents or grown children, or accommodating professional needs. . .” Lean On a Real Estate Professional for Help Whether you’re beginning your search for a home or preparing to sell your current house, you don’t have to go it alone. With their expertise, a real estate agent is an invaluable partner who can help you smoothly transition through these big moments in your life. Here are just a few examples. When Buying a Home If you’re welcoming a new addition and want more space, the need for a new home may be a top priority. While higher home prices and mortgage rates are creating challenges for buyers, you may have to find a way to meet your changing needs, even with today’s mortgage rates. A skilled real estate agent can help. Their expertise and knowledge of the local housing market can save you a considerable amount of time and stress. An agent will take the time to understand your specific needs, budget, and preferences, allowing them to narrow down your search and present you with suitable options. When Selling a House If you’re retiring or going through a separation or divorce, your main focus may be to make the most out of your investment when selling your house, so you can find one that works better for you moving forward. This is another place where a real estate agent’s expertise truly shines. They can accurately assess your home’s market value, suggest improvements to enhance its appeal, and craft a strategic marketing plan. Their negotiation skills are a big asset when it comes to making sure you get a fair price for your house, allowing you to move on to the next chapter of your life with confidence and peace of mind. No matter your situation, lean on a trusted professional for help as you buy or sell a home. Bottom Line If recent life-changing events have you wanting or needing to move, connect with a local real estate agent.

Events That are Life-Changing Can Move The Housing Market

<div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119114450.png" alt="" width="" height="" style=""></figure></div>If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is how headlines are talking about prices. They’re basing their negative news by comparing current stats to the last few years. But you can’t compare this year to the ‘unicorn’ years (when home prices reached record highs that were unsustainable). And as prices begin to normalize now, they’re talking about it like it’s a bad thing and making people fear what’s next. But the worst home price declines are already behind us. What we’re starting to see now is the return to more normal home price appreciation. To help make home price trends easier to understand, let’s focus on what’s typical for the market and omit the last few years since they were anomalies. Let’s start by talking about seasonality in real estate. In the housing market, there are predictable ebbs and flows that happen each year. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months approach. Home prices follow along with seasonality because prices appreciate most when something is in high demand. That’s why, before the abnormal years we just experienced, there was a reliable long-term home price trend. The graph below uses data from Case-Shiller to show typical monthly home price movement from 1973 through 2021 (not adjusted, so you can see the seasonality): <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119114533.png" alt="" width="" height="" style=""></figure></div>As the data from the last 48 years shows, at the beginning of the year, home prices grow, but not as much as they do entering the spring and summer markets. That’s because the market is less active in January and February since fewer people move in the cooler months. As the market transitions into the peak homebuying season in the spring, activity ramps up, and home prices go up a lot more in response. Then, as fall and winter approach, activity eases again. Price growth slows, but still typically appreciates. Why This Is So Important to Understand In the coming months, as the housing market moves further into a more predictable seasonal rhythm, you’re going to see even more headlines that either get what’s happening with home prices wrong or, at the very least, are misleading. Those headlines might use a number of price terms, like: Appreciation: when prices increase. Deceleration of appreciation: when prices continue to appreciate, but at a slower or more moderate pace. Depreciation: when prices decrease. They’re going to mistake the slowing home price growth (deceleration of appreciation) that’s typical of market seasonality in the fall and winter and think prices are falling (depreciation). Don’t let those headlines confuse you or spark fear. Instead, remember it’s normal to see a deceleration of appreciation, slowing home price growth, as the months go by. Bottom Line

What’s Happening with Home Prices

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119113727.png" alt="" width="" height="" style=""></figure></div>When you look at the numbers today, the one thing that stands out is the strength of this housing market. We can see this is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point. 1. The Current Mortgage Rate on Existing Mortgages First, let’s look at the current rate on existing mortgages. According to the Federal Housing Finance Agency (FHFA), as of the fourth quarter of last year, over 80% of existing mortgages have a rate below 5%. That’s significant. And, to take that one step further, over 50% of mortgages have a rate below 4% (see graph below): <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119113808.png" alt="" width="" height="" style=""></figure></div>Now, there’s a lot of talk in the media about a potential foreclosure crisis or a rise of homeowners defaulting on their loans, but consider this. Homeowners with such good mortgage rates are going to work as hard as they can to keep that mortgage and stay in their homes. That’s because they can't go out and buy another house, or even rent an apartment, and pay what they do today. Their current mortgage payment is more affordable. Even if they downsize, with today’s higher mortgage rates, it could cost more. Here's why this gives the housing market such a solid foundation today. Having so many homeowners with such low mortgage rates helps us avoid a crisis with a flood of foreclosures coming to market like there was back in 2008. 2. The Amount of Homeowner Equity Second, Americans are sitting on tremendous equity right now. According to the Census and ATTOM, roughly two-thirds (around 68%) of homeowners have either paid off their mortgage or have at least 50% equity (see chart below): <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119113846.png" alt="" width="" height="" style=""></figure></div>In the industry, the term for this is equity rich. This is significant because if you think back to 2008, some people had to make the difficult decision to walk away from their homes because they owed more on the home than it was worth. But this time, things are different because homeowners have built up so much equity over the past few years alone. And, when homeowners have that much equity, it helps us avoid another wave of distressed properties coming onto the market like we saw during the crash. It also creates an extremely strong foundation for today’s housing market. Bottom Line We are in one of the most foundationally strong housing markets of our lifetime because homeowners are going to fight to keep their current mortgage rate and they have a tremendous amount of equity. This is yet another reason things are fundamentally different than in 2008.

Strong Real Estate Market Now

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119112819.png" alt="" width="" height="" style=""></figure></div>We’re still in a sellers’ market. And if you’re looking to buy a home, that means you’re likely facing some unique challenges, like difficulty finding a home and volatile mortgage rates. But keep in mind, there are some benefits to being a buyer in today’s market that give you good reason to stick with your search. Here are a few of them. Long-Term Benefits Outweigh Short-Term Challenges Owning a home grows your net worth – and since building that wealth takes time, it makes sense to start as soon as you can. If you wait to buy and keep renting, you’ll miss out on those monthly housing payments going toward your home equity. Freddie Mac puts it this way: “Homeownership not only builds a sense of pride and accomplishment, but it’s also an important step toward achieving long-term financial stability.” The key there is long-term because the financial benefits homeownership provides, like home value appreciation and equity, grow over time. Those benefits are worth the short-term challenges today’s sellers’ market presents. Mortgage Rates Are Constantly Changing Mortgage rates have been hovering around 6.5% over the last several months. However, as Sam Khater, Chief Economist at Freddie Mac, notes, they’ve been coming down some recently: “Economic uncertainty continues to bring mortgage rates down. Over the last several weeks, declining rates have brought borrowers back to the market . . .” Lower mortgage rates improve your purchasing power when you buy, and that can help make homeownership more affordable. Hannah Jones, Economic Data Analyst at realtor.com, explains: “As we move into the spring buying season, mortgage rates have ticked lower, a welcomed sign of progress towards affordability.” The recent drop in mortgage rates is good news if you couldn’t afford to buy a home when they peaked. Home Prices Will Increase According to the Home Price Expectation Survey, which polls over 100 real estate experts, home values will go up steadily over the next few years after a slight decline this year (see graph below): <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119113243.png" alt="" width="" height="" style=""></figure></div>Rising home prices in the coming years mean two things for you as a buyer: Waiting to buy a home could mean it’ll become more expensive to do so. Buying now means the value of your home, and your net worth will likely grow over time. Bottom Line If you’ve been trying to buy a home, hang in there. Mortgage rates have ticked down some recently, home prices are forecast to increase in the coming years, and the long-term benefits of homeownership outweigh many of the short-term challenges. Connect with me today to learn more.

If You’ve Been Trying to Buy- Hang in There!

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119111530.png" alt="" width="" height="" style=""></figure></div>There are obvious benefits of owning a home such as pride of ownership, status symbol, creation of assets and wealth, privacy, and feeling of freedom to customize according to your own liking. However, buying a home is a massive financial decision involving lots of money and a long commitment to a lender. Therefore, large numbers of individuals and families continue to live on rent. Here are the pros and cons of both owning a home and renting. Pros of Renting You pay a small amount of money upfront and enjoy living in a home You have no responsibilities towards upkeep and maintenance of the rented home You can easily move out and rent another home. Relocation is easy when you get a better job in another city. Cons of Renting The landlord can increase the rent every year Moving from one place to another can be difficult and costly You have less privacy and little freedom to personalize the space Pros of Buying a Home Pride of ownership Lots of privacy Freedom to update and renovate according to requirements No one can kick you out of your home You’ll enjoy the equity even if you cannot pay the mortgage under financial stress Ownership is a form of forced saving which allows you to create wealth You enjoy tax deductions when filing income tax returns Your home grows in value over a period You become rent-free after you have paid the mortgage Cons of Buying Relocation becomes very difficult. You cannot move to a new place because of your commitment to the lender. You need a large amount of money to pay for a down payment While buying a home has many advantages, buying or continuing to live on rent is totally dependent upon your circumstances. If you think you have settled in your life and earning enough to easily afford the EMIs to a lender, it is certainly prudent to try and buy a home for your family. On the other hand, if you are young and still hoping for a better job and career, it is advisable to live in a rented place. You can always think of buying when you have found a good paying job and started on your family.

Buying a Home Versus Renting

<div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241119104410.png" alt="" width="1071" height="294" style="width: 1071px; height: 294px;"></figure></div>If you're looking to buy or sell a home in the Coeur d'Alene area, it helps to have a good understanding of what's happening in the real estate market. Whether you're buying your first single-family home or thinking about selling your current place, knowing a few key things can really make a difference. Let's break it down so you can feel confident in your next steps. Months Supply of Inventory in Coeur d'Alene The "Months Supply of Inventory" tells us how many months it would take to sell all the homes currently on the market if no new homes were listed. Right now, Coeur d'Alene has about a 4.1-month supply. What does that mean for you? A balanced market—where neither buyers nor sellers have an advantage—typically has about a 6-month supply of homes. Since we only have 4.1 months, it's still considered a seller's market, meaning there's more demand than supply. If you're selling, that's good news because it often means quicker sales and higher offers. If you're buying, it means you'll want to be ready to act quickly when you find a home you love. 12-Month Change in Inventory in Coeur d'Alene We're seeing some changes, though. The supply of inventory has increased by about 13.26% compared to last year. This means we're moving a little closer to a balanced market. For sellers, it might mean that homes aren't flying off the market quite as fast as before, and for buyers, it might mean having more options and less competition. That could mean fewer bidding wars and a bit more breathing room. Median Days on Market for Coeur d'Alene Homes Another important piece of the puzzle is how long homes are staying on the market. Right now, homes in Coeur d'Alene are taking about 34 days to sell, on average. For buyers, this means that when you find a home you like, you need to move pretty fast because homes aren't staying available for long. For sellers, it means you have to be ready from day one—price your home right and make sure it looks its best so it sells within that timeframe. Homes that sit on the market longer are often those that are priced too high or don't show well. List to Sold Price Percentage in Coeur d'Alene Another thing to consider is how close homes are selling to their asking prices. Right now, homes are selling for about 95.9% of their list price. This means that most sellers are getting offers pretty close to what they ask for, but there’s still a little room for negotiation. If you’re selling, pricing your home competitively is still key. If you’re buying, it means that while there may be some room to negotiate, super low offers probably won't get you very far—most sellers are getting pretty close to what they're asking for. Median Sold Price for Coeur d'Alene Homes The median sold price for homes in Coeur d'Alene is $595,000. For sellers, this is a good benchmark to keep in mind when deciding on your list price—going too high above the median might turn buyers away, while going too low could mean missing out on potential profit. For buyers, this gives you an idea of what to expect when budgeting for your new home. It’s always helpful to work closely with your real estate agent to see how a home’s price compares to others that have sold recently. What Does This Mean for Buying or Selling in Coeur d'Alene? The Coeur d'Alene market is shifting but still leaning in favor of sellers. If you’re looking to sell, now is a good time, especially if your home is in good shape and priced well. If you’re buying, things aren’t quite as competitive as they were a year ago, but it’s still important to move quickly when you find the right home. Having a good real estate agent by your side makes all the difference. I’m here to help you understand these trends and use them to your advantage, whether you're buying or selling. Ready to Make Your Move in the Coeur d'Alene Real Estate Market? If you’re thinking about buying or selling, I’d love to help make the process as smooth as possible. Let’s chat about your goals and come up with a plan that fits your needs in today’s market. Reach out today, and let’s make your real estate dreams a reality!

Coeur d'Alene Idaho Real Estate Market Insights

Imagine your very own secondary waterfront retreat, where adventure and peace blend effortlessly. a beautiful 1.24-acre lake view property overlooking Carlin Bay on Lake Coeur d'Alene, in the Sunset Shores community of Carlin Bay, offering stunning views, with downtown Coeur d'Alene just 30 minutes away—giving you peaceful seclusion alongside easy access to city amenities and activities.&nbsp; Picture yourself sipping your morning coffee while the mist rises off the lake, watching bald eagles soar above as deer gently wander across the property, grazing in the early morning light. It's a rare connection to nature that makes every morning feel magical. Later, you launch your boat for a day of fun from your community marina, or maybe take the paddle board out for a peaceful ride along the shore. This isn’t just a plot of land—it’s the beginning of a lifestyle filled with adventure, tranquility, and endless possibilities. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241111050754.jpg" alt="" width="" height="" style=""></figure></div>This double lot gives you plenty of room to create whatever fits your vision—a spacious home for hosting friends and family, or maybe a cozy cabin with a shop to store all your gear, from boats to ATVs. The flexibility here is incredible—you could create a garden oasis, build a guest cabin for visiting family, or design the perfect workshop for all your hobbies. This double lot offers the space to build more than just a house; it’s a place where your lifestyle can truly take shape. Life at Sunset Shores is all about making the most of what nature offers while still enjoying the conveniences that make everyday living easy and enjoyable. Imagine having exclusive community access to a private beach where you can stretch out on the sand, soak up the sun, or take a refreshing swim without the crowds. The private marina is just steps away, always ready for spontaneous boat rides—no public lines, no crowded docks, just pure, uninterrupted lake time. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/website_medias/15930/20241111051301.jpg" alt="" width="" height="" origin-size="940,939" style=""></figure></div>Life at Sunset Shores is all about making the most of what nature offers while still enjoying the conveniences that make everyday living easy and enjoyable. Imagine having exclusive community access to a private beach where you can stretch out on the sand, soak up the sun, or take a refreshing swim without the crowds. The private marina is just steps away, always ready for spontaneous boat rides—no public lines, no crowded docks, just pure, uninterrupted lake time. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20241111052938.jpg" alt="" width="" height="" style=""></figure></div>And if you’re someone who loves a bit of sky-high adventure, here’s something you don’t find every day: a community airstrip. ✈️ Imagine the freedom to take off right from your neighborhood, no big airports or hassle. Whether you're a seasoned pilot or just love the idea of spontaneous getaways, this feature adds a unique touch to this already special community. Note that boat slips and hangars are not included in the purchase of property and depend on availability through the HOA, but having access to these features makes this property truly unique and adds convenience for both boating and flying enthusiasts. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/website_medias/15930/20241111061124.jpg" alt="" width="" height="" style=""></figure></div>Living here means being part of a community that embraces the natural beauty and adventure of North Idaho. Picture lazy afternoons kayaking or paddle boarding on the lake, fishing with the kids, or lounging on the community beach. Evenings are spent around a fire pit with friends, laughter echoing across the water, followed by peaceful, starry nights that make everyday worries disappear. With community water and sewer already available, building your dream retreat is that much simpler. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/website_medias/15930/20241111061805.jpg" alt="" width="" height="" style=""></figure></div>This kind of opportunity doesn’t stick around for long—especially in a place as special as Carlin Bay. Whether you’re thinking of a year-round home or just a perfect getaway spot, this 1.24-acre lot is ready for whatever you dream up. <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/website_medias/15930/20241111061958.jpg" alt="" width="" height="" style=""></figure></div>If you’re ready to take the next step toward making this secondary waterfrontretreat your own, let’s connect today. Opportunities like this are rare—let's turn this vision into reality. For more information about the Carlin Bay Property Owners Association and what makes Sunset Shores so special, check out their official site: http://www.cbpoa.info. Listing details on this property can be found here: https://greaternorthidahohomes.com/properties/nna-s-hanson-rd-124-acres-harrison-id-83833-24-8544 <div class="se-component se-image-container __se__float-none"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/website_medias/15930/20241111062128.jpg" alt="" width="" height="" style=""></figure></div>

Secondary Waterfront Property Near Lake Coeur d'Alene: Your Dream Carlin Bay Retreat Awaits

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Read in-depth articles by Debbie Taylor on various real estate topics. Gain valuable insights into buying, selling, and market trends in North Idaho. Stay informed and make smarter real estate decisions with expert guidance.

Article Details | Expert Real Estate Insights by Debbie Taylor

Let's gather around and have a heart-to-heart about a topic that hits close to home - finding that perfect slice of paradise without breaking the bank. -Welcome to your Kootenai County Haven Imagine a home nestled amidst the scenic beauty of our north Idaho landscape, a place where the warmth of community meets the affordability of your dreams. Let's embark on a journey to discover your cozy corner in the heart of Kootenai County. -Unveiling the Magic in Kootenai County This beloved county has a lot to offer, and finding an affordable home here is more than just a possibility, it will happen. Let's dive into the secrets of making Kootenai County your forever home. -Know your Numbers First things first... financial details. What's your budget? What can you comfortably afford in our little slice of heaven? Understanding your numbers is essential, it provides a sense of clarity and ensures everything will fall into place. -Explore Hidden Gems in Kootenai County This place is brimming with charm and the best homes might be tucked away in unexpected places. Don't limit yourself to the beaten path; explore different neighborhoods, consider the unique character of each area, and keep an eye out for those hidden gems that make Kootenai County special. - Get Creative with Financing Flexibility is the key to unlocking the doors of affordability. Explore various financing options, from traditional mortgages to state-specific programs. Idaho has its own set of opportunities waiting for you, each designed to cater to different needs and situations. -Your Kootenai County Comfort Awaits Picture coming home to a place that not only captures the essence of our stunning landscapes but also fits seamlessly into your budget. It's not just a dream; it's a reality waiting to unfold. So, slip into your coziest sweater, and let's take the first step toward your very own Kootenai County comfort. -Final Thoughts from North Idaho Home affordability in Kootenai County is not just about finding a house; it's about becoming part of a community that feels like family. As you embark on this journey, remember that your perfect home is out there waiting to welcome you. Here's to Kootenai County Comfort, budget-friendly dreams, and the journey of making a house a home in this beautiful panhandle area of the state of Idaho. For personalized guidance and assistance reach out to me - your ideal home is just a message away. Happy House Hunting!

Embracing the Kootenai County Comfort: Your Guide to Affordable Homes in North Idaho

Published 09/01/2023 | Posted by Debbie Taylor

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