Monica Derlik's Blog Posts

Why Can't I Find a House?

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real

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Waiting for a Wave of Foreclosures?

There Won’t Be a Wave of Foreclosures in the Housing MarketWhen mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were

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Winter Home Sales Tsunami?

Home Sales About To Surge? We May See a Winter Like Never Before.Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November,

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Are Foreclosures On Their Way?

Why a Wave of Foreclosures Is Not on the WayWith forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the

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Where Are Home Prices Going in the Future?

What Does the Future Hold for Home Prices?If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in

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Offer Tips

In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer;

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Let's Talk Appraisal Gap!

What Buyers and Sellers Need To Know About the Appraisal GapIt’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today

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What's Going On With Today's Mortgage Rates?

What Do Experts Say About Today’s Mortgage Rates?Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage

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Questions Before Buying a Home

Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial

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Today's Housing Market

3 Charts That Show This Isn’t a Housing BubbleWith home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a

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Truths for Young Homebuyers

The Truths Young Homebuyers Need To HearFor many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure

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FSBO vs Selling with and Agent

Save Time and Effort by Selling with an AgentSelling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From

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Is Buying a Home Still Affordable?

The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and

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Are Sellers Ready to Enter the Housing Market?

One of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for

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Inventory Desert

Your House Could Be the Oasis in an Inventory DesertHomebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a

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Time and Downpayments!

How Much Time Do You Need To Save for a Down Payment?One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you&rsquo

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Credit Scores and Mortgage Rates

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards&

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How to Make a Winning Offer

Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a

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Will Home Inventory Increase in 2021?

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s

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Millennials: Is It Time to Buy?

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often

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Making Homeownership a Reality This Year

In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage

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2021 Expected Home Values

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the

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Top 3 Must-Do’s When Selling Your House This Year

It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental

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Is it Still Affordable to Buy Right Now?

Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer

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Buyer Competition Shouldn't Stop You From Buying A Home

This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to

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Working From Home and How it May Spark Your Next Move

Why Working from Home May Spark Your Next MoveIf you’ve been working from home this year, chances are you’ve been at it a little longer than you initially expected. Businesses

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Down Payment Assistance and Homeownership

How Down Payment Assistance Opens the Door to HomeownershipMany people are eager to buy a home right now while affordability continues to be a highlight of the current housing market.

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Down Payment Assistance and Homeownership

How Down Payment Assistance Opens the Door to HomeownershipMany people are eager to buy a home right now while affordability continues to be a highlight of the current housing market.

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Are Americans Gaining Confidence in the Economy?

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts

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Home Equity and the Options that it Gives Sellers

Homeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value

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How Strong is This Housing Recovery?

The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of

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Perks for Buyers and Sellers in Today's Market

tToday’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re

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What are Homebuyers Thinking About Today?

2020 Homebuyer Preferences [INFOGRAPHIC]Some HighlightsA recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers.Many buyers

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Reports Show the Housing Market is Strong

Three of the Latest Reports Show Housing Market Is StrongThe residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate

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Now May Be the Perfect Time to Sell Your Home

Thinking of Selling Your House? Now May be the Right TimeInventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for

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Record New Lows for Mortgage Rates

Mortgage Rates Hit Record Lows for Three Consecutive WeeksOver the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way

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Buyers and Bidding Wars

Buyers: Are You Ready for a Bidding War?With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are

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Question: Are New Homes Going to Be Available to Buy This Year?

Are New Homes Going to Be Available to Buy This Year?In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually

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Real Estate Tops Best Investment 7th Year Running

Real Estate Tops Best Investment Poll for 7th Year RunningEvery year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment.

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It's All About Supply and Demand When It Comes To Home Prices

Home Prices: It’s All About Supply and DemandAs we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the

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Recovery Forecasted to Begin in the Second Half of 2020

Economists Forecast Recovery to Begin in the Second Half of 2020With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up

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Recession? Housing Crash?

Recession? Yes. Housing Crash? No.With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not

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Technology is Enabling the Real Estate Process

How Technology Is Enabling the Real Estate ProcessToday’s everyday reality is pretty different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways,

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5 Ways of Pricing a Home

When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing

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Financing Your Home Renovation

How You Can Finance Your Home RenovationOutdated kitchen. Overrun backyard. Unusable basement space. If you have a home renovation project on the mind, the first thing you have to consider is how

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