Are You Saving Up To Buy a Home? Your Tax Refund Can Help

Thursday, April 17th, 2025
Gretchen Tipps

You’ve been working on your savings and dreaming of that moment when you finally have keys to a place that’s truly yours. What you might not realize is that your tax return could give you a little extra cash to help you get there sooner. As Freddie Mac notes:

“ ... your tax refund from the IRS can be a useful supplement to your homebuying budget.” 

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Does Your Current Home Fit Your Retirement Plans?

Thursday, April 10th, 2025
Gretchen Tipps

Retirement isn’t just a milestone. It's the beginning of something really special. After years of hard work, it’s finally time to slow down, explore new passions, and live life on your own terms.

But with this exciting chapter comes some big choices. And one of the biggest is this: does your current home still make sense for the lifestyle (and budget) you want in this next phase of life?

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When you put your house on the market, you want to sell it quickly and for the best price possible; that's generally the goal. But too many sellers are shooting too high right now. They don’t realize the market has shifted as inventory has grown. The side effect? Price cuts are on the rise, but they really don’t have to be. Here’s why.

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Last year, 70% of buyers abandoned their home search – and maybe you were one of them. It makes sense. Inventory was low, prices were high, and mortgage rates were up and down like a rollercoaster. All of that made it really hard to find a home you loved – and could afford.

But guess what? The market is shifting.

So, if you paused your moving plans in 2024, it might be time to hit play again. Here’s why.

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Recession talk is all over the news, and the odds of a recession are rising this year. And that leaves people wondering what would happen to the housing market if we do go into a recession.

Let’s take a look at some historical data to show what’s happened in housing for each recession going all the way back to the 1980s.

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Berkshire Hathaway HomeServices Smith Mountain Lake Real Estate agents and their guests gathered on Thursday at the elegant Waterfront Country Club to celebrate our 2024 Network Awards Dinner. It was an evening filled with joy, camaraderie, and recognition of our hard-working agents. Guests enjoyed a lively cocktail hour, sharing stories and laughter, setting a joyful tone for the night.

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