Blog - Joe Fernald — Kensington Realty LLC

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

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Think Twice Before Waiting for 3% Mortgage Rates

January 17, 2023

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

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Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press

What Past Recessions Tell Us About the Housing Market

January 16, 2023

For Buyers, For Sellers, Housing Market Updates

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It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie

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Key Terms To Know When Buying a Home [INFOGRAPHIC]

January 13, 2023

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers

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Is It Time To Sell Your Second Home?

January 12, 2023

For Sellers, Housing Market Updates, Luxury Market

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During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent

Today’s Housing Market Is Nothing Like 15 Years Ago

January 11, 2023

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There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking

What Experts Are Saying About the 2023 Housing Market

January 10, 2023

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If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what

The Truth About Negative Home Equity Headlines

January 10, 2023

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Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you.

[:en]Your Market Knowledge Will Determine Your Success in 2023 [LIVE WEBINAR][:]

January 8, 2023

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Tips To Reach Your Homebuying Goals in 2023 [INFOGRAPHIC]

January 7, 2023

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Some Highlights If you’re planning to buy a home in 2023, here are a few things to focus on. Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them. Reach out to a real