Author Archives: Ryan Dallas
Buyer Demand Comes Back Strong to Start 2023
2022 brought higher mortgage rates and moderating buyer demand in our local real estate market. However, home buyers have picked their searches right back up to start 2023. The challenge: the historically low levels of housing supply got even tighter in December. If selling your home is on your radar this year or if you’d... Read More
RDRE Thanksgiving Coloring Contest
Let your little turkeys get creative for their chance to win in our Ryan Dallas Real Estate Thanksgiving Coloring Contest! Download the full coloring page below to get started. Once complete, email us a scanned copy or photo of the finished picture to homes@ryandallas.net with the child’s name and age. You can also tag Ryan... Read More
Your October Home Price Update & What We’re Searching for Now
On to October… and all of the fun fall festivities! The leaves are changing and so is our local real estate market. I wanted to send you a quick update on the numbers you need to know if you’re considering entering the market to buy or sell a home in the greater Champaign-Urbana area: Home... Read More
Early October is the Sweet Spot for Buyers
Are you looking to buy a home? If so, we’ve got good news for you! While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’ve likely heard about bidding wars and weighing low mortgage rates versus price appreciation as you search... Read More
A New Way to Shop for Homes in a Virtual World
In a year when we’re learning to do so much remotely, home buying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. This year, rather than delaying their home purchases, buyers – alongside their trusted real estate professionals... Read More
Will Mortgage Rates Remain Low Next Year?
In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how rates are hitting... Read More
Winter Will Bring a Flurry of Activity to the Housing Market
In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” The typical winter slowdown in the... Read More
Rent vs. Buy: How to Decide What’s Best for You
According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting or is it time for me... Read More
Buyer Interest Is Growing among Younger Generations
The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association... Read More
How Down Payment Assistance Opens the Door to Homeownership
Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying... Read More