For Buyers - The McGrady Group

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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…

Dane County Market Snapshot, Inventory Low, End of 2023

The McGrady Group 2024

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…

Pre-Approval Makes All the Difference When Buying a Home

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer…

5 Things Homebuyers Need To Know When Making an Offer

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer…

Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics, Pricing, Rent vs. Buy

Some Highlights When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation. On the other hand, when you own your home, you build your own wealth,…

Housing Wealth: The Missing Piece of the Affordability Equation

First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy

The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However,…

Hope Is on the Horizon for Today’s Housing Shortage

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction

The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale.…

The Right Expert Will Guide You Through This Unprecedented Market

For Buyers, For Sellers, Housing Market Updates

In a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. That person can advise you on important things like pricing your home correctly or the first steps to take when you’re…

Have Your Day in the Sun by Moving Up This Summer [INFOGRAPHIC]

For Buyers, For Sellers, Infographics, Interest Rates, Move-Up Buyers, Pricing

Some Highlights Longer days and sunny weather mean summer is upon us, and what better conditions than right now to upgrade to the home of your dreams? If your needs have changed, it’s a great time to upgrade – there’s likely high demand…

Why This Is Not Like 2008 Again

For Buyers, For Sellers, Housing Market Updates

During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The…

Home Price Appreciation Is as Simple as Supply and Demand

For Buyers, For Sellers, Housing Market Updates, Pricing

Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a…

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

Buying Myths, For Buyers, Pricing

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become…