Some Highlights:The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.In the report, home prices are compared both regionally and by state.Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing … [Read more...] about Home Prices Up 6.15% Across the Country! [INFOGRAPHIC]
The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject.HousingWire:“Consumers’ faith in the housing market is stronger than … [Read more...] about Consumer Confidence in Economy & Housing is Soaring
If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control. The inventory of homes for sale in the luxury … [Read more...] about Looking to Move-Up to a Luxury Home? Now’s the Time!
Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are making" is not purchasing a home because buying real estate is "an escalator to wealth.”Bach went on to explain:"If millennials don't buy a home, their chances of actually having … [Read more...] about Millionaire to Millennials: Buy Now!
There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s.As Entrepreneur Magazine, a premier … [Read more...] about Renting or Buying… Either Way You’re Paying a Mortgage
Some Highlights:The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!Anything under a 6-month supply is a Seller’s Market!There has not been a 6-months inventory supply since August … [Read more...] about How Low Supply & High Demand Impacts the Real Estate Market [INFOGRAPHIC]
CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day.With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families … [Read more...] about The Foreclosure Crisis: 10 Years Later
Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying:Laurie Goodman, Co-director of the Urban Institute’s Housing Finance Policy … [Read more...] about What Are the Experts Saying about Mortgage Rates?
A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their houses in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market.In … [Read more...] about It’s a Seller’s Market! Should I Downsize Now?
Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of … [Read more...] about 4 Great Reasons to Buy This Spring!