Madison’s Challenge: Escalating Prices & Sluggish Listings
Dane County Market Analysis, Housing Market Updates, Interest Rates, Market Updates, McGrady Group Blog, Pricing, Time-sensitive
Here at The McGrady Group, we love digging into the data to determine how national headlines apply to us in South Central Wisconsin. Our latest analysis delves into how Dane County’s robust employment but lackluster listing quantity influences…
Let’s Navigate the 2024 Dane County Market Together
Dane County Market Analysis, For Buyers, For Sellers, Housing Market Updates, Industry News, Interest Rates, Market Updates, Pricing
With a competitive 2024 market upon us, The McGrady Group is excited to help our clients balance rising home prices, dynamic interest rates, and low inventory levels. The housing market's current stability, driven by economic factors and population…
The Big Difference Between Renter and Homeowner Net Worth
Equity, Infographics, Rent vs. BuySome HighlightsIf you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average,…
Why Buying Now Is Worth It
Buying Tips, Equity, For Buyers, Forecasts, InfographicsSome HighlightsYou may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise.Experts forecast prices will climb over the next 5 years – and based on those forecasts, you could…
The Benefits of Using Your Equity To Make a Bigger Down Payment
Affordability, Equity, For Buyers, Home Prices, Mortgage RatesDid you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity…
Now’s the Time To Upgrade to Your Dream Home
Equity, For Sellers, Mortgage RatesIf you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone. A recent Inman survey reveals the top motivator for today’s homebuyers is the desire for more space or an upgraded home (see graph below):But…
Why Buying Now May Be Worth It in the Long Run
Buying Tips, Equity, First-Time Buyers, For Buyers, Home PricesShould you buy a home now or should you wait? That’s a question a lot of people have these days. And while what’s right for you is going to depend on a lot of different factors, here’s something you’ll want to consider as you make your…
What Every Homeowner Should Know About Their Equity
Equity, For Sellers, Selling TipsCurious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they…
Unlocking the Benefits of Your Home’s Equity
Equity, For Buyers, For Sellers, InfographicsSome HighlightsEquity is the difference between what your house is worth and what you still owe on your mortgage.The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great…
Why Moving to a Smaller Home After Retirement Makes Life Easier
Downsize, Equity, For Sellers, Selling TipsRetirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it's important to think about whether your current home still fits your needs. If it's too big, too costly,…
Homeownership: The Heart of the American Dream
Buying Tips, Equity, For BuyersEveryone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity — values closely tied to having your own home and the iconic feeling of achieving the American Dream.A recent survey…
Homeowners Gained $28K in Equity over the Past Year
Equity, For Sellers, Selling TipsIf you own a home, your net worth has probably gone up a lot over the past year. Home prices have been rising, which means you're building equity much faster than you might think. Here’s how it works.Equity is the current value of your home…