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The Best Week To List Your House Is Almost Here

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Are you thinking about making a move?

If so, now may be the perfect time to start the process. That’s because experts say the best week to list your house is just around the corner.

A recent Realtor.com study looked at housing market trends over the past several years (with the exception of 2020, since it was an unusual year), and found the best week to put your house on the market this year is April 14-20:

“Every year, one week stands out from the rest as that perfect stretch of time when it’s great to be a home seller. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.”

Here’s why this matters for you. While the spring market is a great time to sell no matter the week, this may be the peak sweet spot. And if you’ve been putting your plans on the back burner and waiting for the right time to act, this could be the nudge you need to make your move happen. As Hannah Jones, Senior Economic Research Analyst at Realtor.com explains:

“The third week of April brings the best combination of housing market factors for sellers. The best week offers higher buyer demand, lower competition [from other sellers], and fewer price reductions than the typical week of the year.”

But, if you want to get in on the action, you’ll need to move quickly and lean on the pros. Your local real estate agent is the perfect go-to when it comes to figuring out a plan to prep your house and get it on the market.

They’ll be able to offer advice to balance your target listing date with what you need to do from a repair and renovation standpoint. And they can walk you through exactly how to prioritize your list so you know what to tackle first.

For example, if your house is already in good shape, you’ll be able to really focus in on the smaller things that are easy to do and make a big impact. As an article from Investopedia says:

“You won’t have time for any major renovations, so focus on quick repairs to address things that could deter potential buyers.”

Here are some specific examples from that article:

 
 

Just remember, even if you’re not ready to list within the next couple of weeks, that’s okay. The window of opportunity doesn’t close when this week ends. Spring is the peak homebuying season and it’s still a seller’s market, so you’ll be in the driver’s seat all season long. 

Bottom Line

Ready to get the ball rolling? Connect with a real estate agent to schedule a time to go over your next steps.

Read more at KeepingCurrentMatters.com

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Millennials are once again driving the home purchase market: NAR

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Millennials replaced baby boomers as the largest group of homebuyers in 2023.

The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).

Meanwhile, baby boomers — comprising both younger boomers (ages 59 to 68) and older boomers (ages 69 to 77) — saw their share decrease from 39% to 31% during the same period.

“The generational tug-of-war between millennials and baby boomers continued this year, with millennials rebounding to capture the largest share of home buyers,” Jessica Lautz, NAR deputy chief economist and vice president of research, said in a statement. “This notable rise is attributed to both younger millennials stepping into homeownership for the first time and older millennials transitioning to larger homes that suit their evolving needs.”

The report highlights a surge in first-time buyers across all age groups, with millennials leading the charge. Notably, 32% of all buyers in 2023 were first-timers (up from 26% in the prior year), with millennials comprising 75% of this demographic. Additionally, older millennials and Generation X (ages 44 to 58) also saw significant representation among first-time buyers, respectively accounting for 44% and 24% of this group. 

Generation Z, which comprises individuals between ages 18 and 24, only accounted for 3% of all buyers. But among this age group, 31% were single women,  a significantly higher proportion than in any other age group.

“Gen Z buyers are entering the housing market, and their demographics are emerging distinctly from other age groups,” Lautz said. “More than half are single buyers, outpacing all age groups of single men and single women, and they are also most likely to identify as LGBTQ+.”

Baby boomers remained the largest generation of home sellers, accounting for 45% of all sellers in 2023, down from 52% in 2022. 

The tenure of homeownership varies by generation. The median amount of time spent in a home among all buyers was a 10-year stay before selling, but older millennials sold their homes after a median stay of just six years. Meanwhile, Gen X, baby boomers and the Silent Generation (ages 78 to 98) typically stayed in their homes for 15 years.

“Baby boomers continue to dominate the home-selling market as they make pivotal decisions regarding their retirement living situations, whether it’s right-sizing or moving closer to loved ones,” Lautz said. “Benefiting from longer periods of homeownership compared to other generations, boomers approach these transactions with substantial equity, enabling strategic housing trades.”

A recent survey conducted by Redfin found that over three-quarters (78%) of older American homeowners (ages 60 and up) are planning to stay in their current home as they age. Meanwhile, about one in five baby boomers (19%) are considering moving into a community with older people or have already done so. Smaller shares of baby boomers are considering moving in with an adult child, moving to an assisted-living facility or moving in with friends.

The inertia of baby boomers is making it harder for younger Americans to find a family home, according to a Redfin analysis. In fact, empty-nest baby boomers own 28% of three-bedroom homes in the U.S., while millennials with kids own just 14%. Furthermore, nearly 80% of boomers own the home they live in, compared to 55% of millennials. 

Homeownership continues to be perceived as a sound financial investment by 82% of all buyers surveyed by NAR — especially younger millennials. Across all generations, the role of real estate agents also remains pivotal. Nine in 10 buyers expressed willingness to enlist their agent’s services again or recommend them to others. Similarly, sellers showed a high likelihood of reusing or referring their agents.

“The universal value of owning a home transcends every generation, serving as a cornerstone for both personal prosperity and community development,” NAR President Kevin Sears said in a statement. “In navigating the complexities of the market, buyers and sellers continue to rely on agents who are Realtors for their expertise and guidance, underscoring the invaluable service they provide in bringing dreams of homeownership to life.”

To conduct this study, NAR sent a 129-question survey in July 2023 to 189,750 recent home buyers and received 6,817 responses from primary residence buyers. Buyers had to have purchased a primary residence between July 2022 and June 2023.

Read more at HousingWire.com

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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As Featured in West + Main Home Magazine: Open, Airy, and Whimsical

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West + Main Agents April + Rob Schmidt

“The overall architecture of the house truly inspired this project. It was built in 1954 as a personal residence for an architect. Big windows that let the outdoors in, wood tones, and an open, airy and whimsical feel are all key elements in Midcentury Modern design.”
— April

April + Rob had been wanting to remodel the kitchen for several years, but other projects always took precedence. When the time came to redo the kitchen space, they really wanted to honor those design elements that make a mid-mod home special. They widened the front window from 30 inches to just about 6 feet wide, chose a light wood tone cabinet reminiscent of the popular blonde wood of the 1950s, and added a bit of whimsy with the navy blue KitchenAid range.

“The KitchenAid appliances were definitely the biggest investment for the kitchen, over all they were $14,000,” explained April. “That being said, we really did not break the bank with this remodel. That’s the beautiful thing about a small space, you can really up your game with cool finishes because you’re not finishing off a large amount of square footage. However, Rob and I used to remodel and build houses as a career, and Rob is a licensed residential and commercial general contractor, so he was able to do a bulk of the work on his own with my help and supervision. Lol!”

 “We spent about $30,000 total, but it would’ve easily been double that if we would have had to pay for HVAC, electrical, plumbing,” she said. “As well as cabinet, appliance and window installation. Those projects were all done by Rob with my assistance. The only work we hired subcontractors for were the countertops, tile and drywall finish.”

The Schmidts are very happy with how the kitchen turned out...it functions well, it’s fun to cook in, and it has a ton of storage with the large pantry units.

“Our absolute favorite thing is the navy blue range! It definitely exceeded expectations when it was unboxed and installed in the kitchen. I might’ve cried a few happy tears upon first seeing it! It really is the focal point of the space!”

 

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Single Women Are Embracing Homeownership

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In today’s housing market, more and more single women are becoming homeowners.

According to data from the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men.

If you’re a single woman trying to buy your first home, this should be encouraging. It means other people are making their dreams a reality – so you can too.

Why Homeownership Matters to So Many Women

For many single women, buying a home isn’t just about having a place to live—it’s also a smart way to invest for the future. Homes usually increase in value over time, so they’re a great way to build equity and overall net worth. Ksenia Potapov, Economist at First American, says:

“. . . single women are increasingly pursuing homeownership and reaping its wealth creation benefits.”

The financial security and independence homeownership provides can be life-changing. And when you factor in the personal motivations behind buying a home, that impact becomes even clearer.

The same report from NAR shares the top reasons single women are buying a home right now, and the reality is, they’re not all financial (see chart below):

 
 

If any of these reasons resonate with you, maybe it’s time for you to buy too.

Work with a Trusted Real Estate Agent

If you’re a single woman looking to buy a home, it is possible, even in today’s housing market. You’ll just want to be sure you have a great real estate agent by your side.

Talk about what your goals are and why homeownership is so important to you. That way your agent can keep what’s critical for you up front as they guide you through the buying process. They’ll help you find the right home for your needs and advocate for you during negotiations. Together, you can make your dream of homeownership a reality.

Bottom Line

Homeownership is life-changing no matter who you are. Connect with a local real estate agent to talk about your goals in the housing market.

Read more at KeepingCurrentMatters.com

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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The Biggest Red Flag to Watch for If You’re Hiring a Painter

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Some home projects are very obviously better left to a professional, such as roofing, electrical work, and plumbing, which all require specialized knowledge and skills.

Painting is one of those home projects that straddles the line. If you have the necessary painting supplies and a little patience, there are plenty of opportunities to DIY your own paint makeover. But there are also other times when you might want someone else to take on the task (think: rooms with high ceilings or an entire exterior that needs a freshening up). In those cases, you might consider hiring a painting contractor to get the job done.

But while you’re perusing the web and reading reviews, wading through the pros and cons of each business may prove difficult. So, how do you know if your chosen company is worthy of getting your business? To set your future painting projects up for success, four experts — two designers and two paint pros — weigh in on what’s considered a red flag when securing a painter. Their resounding top pick? The biggest red flag is when your contractor doesn’t have a license or proof of insurance.

Before you hire a painter, make sure they have a license and proof of insurance.

Just as with any situation, having insurance offers protection for everyone involved. In the case of pro painters, it safeguards you, your home, and the painting company from a variety of issues that may arise. “Without insurance, a homeowner is exposed if the painters get hurt on the job or if something gets damaged on the home,” says Paige NeJame, who owns CertaPro Painters of the South Shore and Boston in Massachusetts. 

Keely Smith, the lead designer at JD Elite Interiors in Vancouver, also warns of liability when working with an unlicensed paint contractor. “An uncertified painter might leave you on the hook for medical bills or repair costs from even a small mishap,” she warns. Additionally, a certified professional receives safety training, so you can have peace of mind that they’re qualified.

Be wary if painting contractors don’t have proof of insurance and certification readily available. “If a painter cannot produce an insurance certificate within a day, that is a sign that he or she does not have insurance,” says NeJame. “Most insurance agents, including ours, can produce a certificate of insurance within an hour.” She also adds that you should request the painter to add you, as the homeowner, as an additional insured person for added protection.

There are other things to look out for beyond licensing and insurance, though. Here are experts’ top watch-outs. 

Red flag: The painter won’t provide a specific outline for the scope of work.

You should always ask for a contract outlining the project’s parameters and approximate cost before signing a contract. Carla Bast owns a Minnesota-based studio, Carla Bast Design, and recommends always asking for a contract that lists specifics. “Request a written estimate that outlines the scope of work, materials used, timeline for completion, and warranty,” says Bast. She advises steering clear of any painters that can’t — or won’t — provide this information.

Red flag: The painter’s cost estimates are really broad.

Sometimes, a project estimate falls within a range instead of pinpointing a specific price, which isn’t a big concern unless the range is broad, as they may be trying to increase their profit margins. “For instance, if they note the brand name of paint they’ll use but don’t share the specific kind of paint, they can use a spectrum of quality with pricing from $14 to $100 per gallon,” reveals Bill Nishanian, who is the owner of Nash Painting in Nashville, Tennessee.

Red flag: The painter doesn’t specify the number of coats of paint they’ll use.

Nishanian also warns against contractors who don’t specify the number of coats of paint or how many colors they’ll use, as varying hues and multiple coats require extra time. “If that’s not clear in the initial contract, and you’ve paid a large deposit, they hold all the cards,” Nishanian says.

Red flag: The painter asks for a large deposit.

Nishanian says that deposits are another cautionary point. “Most of the time, they are making 40 to 60% profit on the job, and if they ask for 50% down, they guarantee that they will not lose money, whether you’re satisfied or not,” he says. On the other hand, companies that ask for a low deposit often prioritize the customer and their happiness. 

Read more at ApartmentTherapy.com

Related Links

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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