home prices have appreciated 6.9% in 2018
/
Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.
Read More
5 reasons to sell your home in fall 2018
/
Here are five reasons to sell your home in fall 2018. Starting with:
Read Morethe net worth of a homeowner is 44x greater than a renter
/
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. It revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).
Read Moreis it time to upgrade your starter home?
/
It may seem hard to imagine that the first home you purchased might not be the home that will allow you to achieve the rest of your dreams. However, first-time home buyers don’t always consider the differences between starter homes and forever homes. A starter home is a great means to enter the market. You spend less now so you can save more and upgrade when the time (and rates) are right. Buying a forever home for your first purchase generally means spending more upfront to care for your needs long term. Both have their advantages, but starter homes are the typical choice for new buyers. This means that admitting your home no longer suits your needs is not only ok, it’s normal.
Read More5 reasons to hire a real estate professional before entering the market
/
Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal!
Read Morethe #1 reason to put your house on the market today
/
The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think now is a bad time to put their house on the market. In fact, the opposite is true.
Read More2 ways to get the best price when selling your home
/
Every homeowner wants to make sure that they maximize their financial reward when selling their home. However, how do you guarantee that you receive the maximum value for your house?
Read Moredemand for homes to buy continues to climb
/
There is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market.
Read Morewhy you should list your home for sale NOW
/
If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!
Read More5 reasons millennials choose to buy a home
/
The primary concern among millennials is affordability. It’s clear that they want to buy. However, there are plenty of misconceptions about what is really required to purchase a home. A little clarity may be the extra boost they need.
Read Moremedian home values state by state in 2018
/
If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located.
Read Moredo you need 20% down to buy a home? no.
/
The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The survey shows that the main reason non-homeowners do not own their own homes is that they believe they cannot afford them.
Read Morekids’ opinions matter big when buying a home
/
When the results were broken down by the parent’s age, millennials (those 18-36) led the way. 74% of homeowners saying that their child’s opinion was a factor in choosing which home to buy. Eighty-three percent of renters believe that their child’s opinion would be a deciding factor when looking to purchase a home.
Read Moreis it a good time to rent or buy?
/
People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is not a good time to rent.
Read Morewill home prices fall as mortgage rates rise?
/
Mortgage interest rates have increased by more than half of a point since the beginning of the year and will likely increase by an additional half before 2019. With this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry disagree.
Read More5 reasons to sell your home this summer
/
Here are five reasons listing your home for sale this summer makes sense.
Read Moredon’t make less by selling your own home
/
For Sale by Owner (FSBO) is when homeowners sell their own homes. Often times they rationalize that they don’t need a real estate agent and believe that they can save money on the services a real estate agent offers.
Read Morenow may be the time to upgrade your home
/
Mortgage interest rates have risen by more than half of a point since the beginning of the year. Many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true.
Read Morewaiting until next year to buy a home?
/
Last week we discussed how national home prices have increased by 6.7%. Additionally, interest rates have remained historically low which has allowed for more buyers to enter the market. The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year.
Read Morerising prices are building your family’s wealth
/
Homes are appreciating, which is what makes buying one such an excellent investment. According to Pulsenomics’ most recent Home Price Expectation Survey, home prices are expected to appreciate, on average, by 3.6% per year over the next 5 years and grow 18.2% cumulatively. What does that mean for homeowners? Equity and more of it.
Read More