Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays.
Read MoreThere are many questions about where home sales are headed next year. We have gathered the most reliable sources to help shed some light on next year’s projections:
Read MoreThere are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions:
Read MoreHome sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyer’s market after sellers have had the upper hand for the past several years. Is this really happening?
Read MoreThe housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey:
Read MoreIf you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and demand, so we understand that the best time to sell something is when the supply of that item is low and demand for that item is high. That defines today’s real estate market.
Read MoreBetween 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 MoreHere are five reasons to sell your home in fall 2018. Starting with:
Read MoreEvery 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 MoreIt 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 MoreWhether 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 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 MoreEvery 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 MoreThere 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 MoreIf you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!
Read MoreThe 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 MoreIf 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 MoreThe 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 MoreWhen 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 MorePeople 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.
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