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Gloria Matthews

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KEEPING CURRENT MATTERS!!

KEEPING CURRENT MATTERS!!      Member Area

The real estate Market Changes,  thats what makes it a “MARKET”.   The following Real Estate News is provided to you, via keeping current matters, for you to keep a pulse on the market, learn about trends and changes.   To Search for Homes in Clark County, (and beyond), go to my property search page at: https://principalpropertybrokers.com/search-all-homes .  There you will find a complete list of options for searching.   Need help?  got Questions,  us the Contact me form in the right margin:)

 

  • What You Need to Know About the Mortgage Process [INFOGRAPHIC]
    Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you ... read more
    Published on 2018-07-20
  • Housing Will Not Fall Victim to Next Economic Storm
    Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market? Here are the opinions of several experts on ... read more
    Published on 2018-07-19
  • Demand for Homes to Buy Continues to Climb
    Across the United States, 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. According to the National Association of Realtors ... read more
    Published on 2018-07-18
  • 4 REAL Reasons Why We Buy A Home!
    We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to ... read more
    Published on 2018-07-17
  • First-Time Home Buyers Continue to Put Down Less Than 6%!
    According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but ... read more
    Published on 2018-07-16
  • Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]
    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase ... read more
    Published on 2018-07-13
  • House-Buying Power at Near-Historic Levels
    We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying ... read more
    Published on 2018-07-12
  • Rising Interest Rates Have Not Dampened Demand
    Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their ... read more
    Published on 2018-07-11
  • How Long Do Most Families Live in a House?
    The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last ... read more
    Published on 2018-07-10
  • The #1 Reason to List Your House 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! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: ... read more
    Published on 2018-07-09
  • Cost Across Time [INFOGRAPHIC]
    Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes ... read more
    Published on 2018-07-06
  • Homes More Affordable Today than 1985-2000
    Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home ... read more
    Published on 2018-07-05
  • VA Loans: Making a Home for the Brave Possible
    Since the creation of the Veterans Affairs (VA) Home Loans Program, over 22 million veterans have achieved the American Dream of homeownership. Many veterans do not know the details of the program and therefore do not take advantage of the benefits available to them. If you are a veteran ... read more
    Published on 2018-07-04
  • Why Should You Use A Professional to Sell Your Home?
    When homeowners decide to sell their houses, they obviously want to get the best possible price for their home with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all ... read more
    Published on 2018-07-03
  • Buying This Summer? Be Prepared for Bidding Wars
    Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different! Buyers have already been out in ... read more
    Published on 2018-07-02
  • 5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC]
    Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy ... read more
    Published on 2018-06-29
  • Next Recession in 2020? What Will Be the Impact?
    Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market ... read more
    Published on 2018-06-28
  • What’s the Median Home Value in Your State?
    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. In today’s housing market where home prices are appreciating quickly, it’s important to ... read more
    Published on 2018-06-27
  • Are You Wondering If You Can Buy Your First Home?
    There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and ... read more
    Published on 2018-06-26
  • You DO NOT Need 20% Down to Buy Your Home NOW!
    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 results of the survey show that the main reason why non-homeowners do not own their own ... read more
    Published on 2018-06-25
  • 4 Reasons to Sell This Summer [INFOGRAPHIC]
    Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the ... read more
    Published on 2018-06-22
  • Homes are More Affordable in 44 out of 50 States
    With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we ... read more
    Published on 2018-06-21
  • 3 Issues Facing Today’s Real Estate Market
    Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior ... read more
    Published on 2018-06-20
  • Top 5 Reasons You Shouldn’t FSBO
    In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority ... read more
    Published on 2018-06-19
  • How A Lack of Inventory Impacts the Housing Market
    The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue ... read more
    Published on 2018-06-18
  • Top 4 Home Renovations for Max ROI [INFOGRAPHIC]
    Some Highlights: Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). Minor bathroom renovations can go a ... read more
    Published on 2018-06-15
  • Are Lending Standards Too Loose…or Too Tight?
    With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study ... read more
    Published on 2018-06-14
  • Parents Say Kids’ Opinions Matter Big When Buying a Home
    A recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.” ... read more
    Published on 2018-06-13
  • When Is a Good Time to Rent? Not Now!
    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. The Census Bureau recently released their 2018 first quarter ... read more
    Published on 2018-06-12
  • Days on The Market Drops to New Low in April
    According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month. NAR’s Chief Economist, Lawrence Yun, had this to say, ... read more
    Published on 2018-06-11
  • The Cost of Renting vs. Buying [INFOGRAPHIC]
    Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious. Every market is different. ... read more
    Published on 2018-06-08
  • Did Tax Reform Kill the Luxury Market? NOT SO FAR!
    The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative ... read more
    Published on 2018-06-07
  • Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years
    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal. ... read more
    Published on 2018-06-06
  • 4 Steps to Follow When Presenting an Offer in Today’s Market!
    So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a great offer so that you can guarantee that your dream of making this ... read more
    Published on 2018-06-05
  • 4 Reasons Why Summer Is a Great Time to Buy a Home!
    Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of ... read more
    Published on 2018-06-04
  • Top Reasons to Own Your Home [INFOGRAPHIC]
    Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home? ... read more
    Published on 2018-06-01
  • Will 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. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some ... read more
    Published on 2018-05-31
  • Millennials Are Skipping Starter Homes for Their Dream Homes
    A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home ... read more
    Published on 2018-05-30
  • 5 Reasons Why to Sell This Summer!
    Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are ... read more
    Published on 2018-05-29
  • All Gave Some. Some Gave All.
    Published on 2018-05-28
  • Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC]
    Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257,900. This is the 74th ... read more
    Published on 2018-05-25
  • Selling Your House on Your Own Could Cost You
    In this extremely hot real estate market, some homeowners might consider selling their homes on their own which is known as a For Sale by Owner (FSBO). They rationalize that they don’t need a real estate agent and believe that they can save the fee for the services a ... read more
    Published on 2018-05-24
  • Why Have Interest Rates Jumped to a 7-Year High?
    Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, ... read more
    Published on 2018-05-23
  • How Current Interest Rates Can Have a High Impact on Your Purchasing Power
    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing ... read more
    Published on 2018-05-22
  • Don’t Wait to Sell Your House! Buyers Are Out Now
    Recently released data from the National Association of Realtors (NAR) suggests that a now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for ... read more
    Published on 2018-05-21
  • Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]
    Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now! ... read more
    Published on 2018-05-18
  • Moving Up to Your Dream Home? Don’t Wait!
    Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values today compared to the beginning of ... read more
    Published on 2018-05-17
  • Renters Under 50 Want to Buy a Home!
    Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: ... read more
    Published on 2018-05-16
  • Access: An Important Factor in Getting Your House SOLD!
    So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of ... read more
    Published on 2018-05-15
  • Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House”
    The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since ... read more
    Published on 2018-05-14
  • 3 Tips for Making Your Dream of Owning a Home a Reality [INFOGRAPHIC]
    Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it. Living within a budget right now will help you save money for down payments while also paying down other ... read more
    Published on 2018-05-11
  • 5 Ways Tax Reform Has Impacted the 2018 Housing Market
    Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major ... read more
    Published on 2018-05-10
  • Real Estate Tops Best Investment Poll for 5th Year Running
    Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This ... read more
    Published on 2018-05-09
  • Home Inspections: What to Expect
    So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to ... read more
    Published on 2018-05-08
  • What If I Wait Until Next Year to Buy a Home?
    We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the ... read more
    Published on 2018-05-07
  • 50% of Homes Sold in 30 Days in March [INFOGRAPHIC]
    Some Highlights: The National Association of REALTORS® recently surveyed their members for their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, ... read more
    Published on 2018-05-04
  • 4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again
    With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why: ... read more
    Published on 2018-05-03
  • This Just In: Data Says May is the Best Month to Sell Your Home
    According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and ... read more
    Published on 2018-05-02
  • How Much Has Your Home Increased in Value Over the Last Year?
    Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at ... read more
    Published on 2018-05-01
  • Why Home Prices Are Increasing
    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue ... read more
    Published on 2018-04-30
  • Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC]
    Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017. Inventory levels dropped year-over-year for the 34th consecutive month and are ... read more
    Published on 2018-04-27
  • “Short of a war or stock market crash…”
    This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase in home prices increases payments by roughly 5% A 1% rise in interest rates increases ... read more
    Published on 2018-04-26
  • New Study Shows ‘Best States for Millennials’
    A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top 5 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage ... read more
    Published on 2018-04-25
  • Thinking of Selling Your Home? Why You Need A Pro in Your Corner
    With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller ... read more
    Published on 2018-04-24
  • Buying a Home Is Cheaper Than Renting in the Majority of the US
    The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of ... read more
    Published on 2018-04-23
  • Home Buying Myths Slayed [INFOGRAPHIC]
    Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval continue to fall. ... read more
    Published on 2018-04-20
  • Is Family Mortgage Debt Out of Control?
    Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for ... read more
    Published on 2018-04-19
  • How Much Do You Need to Make to Buy a Home in Your State?
    It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C. ... read more
    Published on 2018-04-18
  • Rising Prices Help You Build Your Family’s Wealth
    Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and ... read more
    Published on 2018-04-17
  • Getting Pre-Approved Should Always Be Your First Step
    In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to ... read more
    Published on 2018-04-16
  • A Tale of Two Markets [INFOGRAPHIC]
      Some Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices! Inventory continues to rise in the luxury & ... read more
    Published on 2018-04-13
  • The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was
    There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. The Difference Between ... read more
    Published on 2018-04-12
  • Mortgage Interest Rates Have Begun to Level Off
    Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from ... read more
    Published on 2018-04-11
  • What Is Private Mortgage Insurance (PMI)?
    When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much ... read more
    Published on 2018-04-10
  • US Housing Market Still In ‘Buy Territory’!
    According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s ... read more
    Published on 2018-04-09
  • VA Loans by the Numbers [INFOGRAPHIC]
    Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. In 2017, $188 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of ... read more
    Published on 2018-04-06
  • House Prices: Simply a Matter of Supply & Demand
    Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount of a ... read more
    Published on 2018-04-05
  • Boomerang Buyers: Most Qualify for Financing in 2-3 Years
    According to a new study from Lending Tree, Americans who have filed for bankruptcy may be able to rebuild enough credit to qualify for a home loan in as little as 2-3 years. This is in stark contrast to the belief that many have that they need to wait ... read more
    Published on 2018-04-04
  • What Should You Look for In Your Real Estate Team?
    How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be ... read more
    Published on 2018-04-03
  • NOT Owning Your Home Can Cost You a Lot of Money!
    Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com recently reported that: Buying remains the more attractive option ... read more
    Published on 2018-04-02
  • The Cost of Renting vs. Buying Today [INFOGRAPHIC]
    Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious. Every market is different. ... read more
    Published on 2018-03-30
  • 99% of Experts Agree: Home Prices Will Increase
    Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyed housing experts believe that home values will continue to rise this year. What is the ... read more
    Published on 2018-03-29
  • Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!
    Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end ... read more
    Published on 2018-03-28
  • Buyer Demand Still Outpacing the Supply of Homes for Sale
    The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between ... read more
    Published on 2018-03-27
  • 5 Reasons Why to Sell This Spring!
    Here are five reasons listing your home for sale this spring makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and ... read more
    Published on 2018-03-26
  • 20 Tips for Preparing Your House for Sale This Spring [INFOGRAPHIC]
    Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting ... read more
    Published on 2018-03-23
  • Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices
    Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will ... read more
    Published on 2018-03-22
  • Is a Major Home Renovation Worth It in the Long Run?
    Last week, we shared 7 Factors To Consider When Choosing A Home To Retire In.For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans? Let’s look at this example. Let’s say ... read more
    Published on 2018-03-21
  • Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised!
    CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity ... read more
    Published on 2018-03-20
  • Dreaming of a Luxury Home? Now’s the Time!
    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! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control. ... read more
    Published on 2018-03-19
  • The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
    Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until rates hit 5% to ... read more
    Published on 2018-03-16
  • Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years
    If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed. Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home ... read more
    Published on 2018-03-15
  • 7 Factors to Consider When Choosing A Home to Retire In
    As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ... read more
    Published on 2018-03-14
  • You Can Save for a Down Payment Faster Than You Think!
    Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. ... read more
    Published on 2018-03-13
  • 4 Reasons Spring is a Great Time to Buy a Home!
    Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% ... read more
    Published on 2018-03-12
  • The Difference an Hour Will Make This Spring [INFOGRAPHIC]
    Some Highlights: Don’t forget to set your clocks forward this Sunday, March 11th at 2:00 AM EST in observance of Daylight Saving Time. Unless of course, you are a resident of Arizona or Hawaii! Every hour in the United States: 614 homes are sold, 81 homes regain equity ... read more
    Published on 2018-03-09
  • A New Housing Bubble Forming…Not Before 2024!
    A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2008. Recently, several housing ... read more
    Published on 2018-03-08
  • Home Prices: The Difference 5 Years Makes
    The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to ... read more
    Published on 2018-03-07
  • Competition is Coming, Are You Thinking of Selling Your Home?
    The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits ... read more
    Published on 2018-03-06
  • Housing Market Expected To “Spring Forward” This Year
    Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until ... read more
    Published on 2018-03-05
  • 4 Reasons to Sell This Spring [INFOGRAPHIC]
    Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the ... read more
    Published on 2018-03-02
  • Are Home Values Really Overinflated?
    Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: “The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of ... read more
    Published on 2018-03-01
  • It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!
    According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax refunds are often thought of as ‘extra money’ that can be ... read more
    Published on 2018-02-28
  • Is Now a Good Time to Rent?
    People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 fourth quarter median ... read more
    Published on 2018-02-27
  • Latest NAR Data Shows Now Is a Great Time to Sell!
    We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house. Let’s ... read more
    Published on 2018-02-26
  • The Mortgage Process: What You Need to Know [INFOGRAPHIC]
    Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you ... read more
    Published on 2018-02-23
  • Mortgage Rates on FIRE! Home Prices Up in Smoke?
    Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an ... read more
    Published on 2018-02-22
  • 80% of Renters Believe Homeownership is a Part of Their American Dream
    According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of ... read more
    Published on 2018-02-21
  • 2 Ways to Get the Most Money from The Sale of Your Home
    Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This ... read more
    Published on 2018-02-20
  • Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!
    Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they ... read more
    Published on 2018-02-19
  • Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC]
    Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic predicts ... read more
    Published on 2018-02-16
  • Calm Down! The Real Estate Market is NOT Falling Apart
    There has been tremendous volatility in certain markets over the last few weeks (for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and dramatically. Real estate is an ... read more
    Published on 2018-02-15
  • Which Comes First… Marriage or Mortgage?
    According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a ... read more
    Published on 2018-02-14
  • Low Inventory Pushes Home Prices Higher
    According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind ... read more
    Published on 2018-02-13
  • The #1 Reason to Sell Now Before Spring
    The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for ... read more
    Published on 2018-02-12
  • 5 Reasons to Love Using A Real Estate Pro [INFOGRAPHIC]
    Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with paperwork, understanding the process, negotiations, and helping you with pricing (both ... read more
    Published on 2018-02-09
  • Homeownership: “The Reports of My Death Have Been Greatly Exaggerated”
    The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last week, the Census revealed that the percentage of homeowners in the country increased for the first time in thirteen years. A story in the Wall Street ... read more
    Published on 2018-02-08
  • Where Are Mortgage Interest Rates Headed in 2018?
    The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a ... read more
    Published on 2018-02-07
  • Millionaire to Millennials: Don’t Rent a Home… Buy!
    In a CNBC article, self-made millionaire David Bach explained that: The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home. Bach went on to ... read more
    Published on 2018-02-06
  • Whether You Rent or Buy, Either Way You’re Paying a Mortgage!
    There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, 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 source for small ... read more
    Published on 2018-02-05
  • 5 Reasons Homeowners Can Throw Better Super Bowl Parties! [INFOGRAPHIC]
    Highlights: Watching the big game at home with your friends & family offers many advantages. There’s more room to entertain a large crowd and you don’t have to worry about complaints to your landlord if you cheer too loudly! The kitchen is big enough to make as many ... read more
    Published on 2018-02-02
  • Bidding Wars Abound… How Long Will They Continue?
    Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is ... read more
    Published on 2018-02-01
  • Study Shows “Millennials Deserve More Credit”
    When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials ... read more
    Published on 2018-01-31
  • 2 Major Myths Holding Back Home Buyers
    Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers ... read more
    Published on 2018-01-30
  • U.S. Housing Inventory Crunch Continues… List Your House Today!
    Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand ... read more
    Published on 2018-01-29
  • 5 Reasons Millennials Choose to Buy [INFOGRAPHIC]
    Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy ... read more
    Published on 2018-01-26
  • If You’re Considering Selling, ACT NOW!!
    Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales were at their highest level in a decade. ... read more
    Published on 2018-01-25
  • Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years
    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal. ... read more
    Published on 2018-01-24
  • Why You Need a Professional on Your Team When Buying a Home
    Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first try to go through the buying process on their own. In today’s market: you need an experienced professional! You Need an Expert Guide If You ... read more
    Published on 2018-01-23
  • Buying A Home Is More Affordable Than Renting In 54% Of US Counties
    According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.” For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban ... read more
    Published on 2018-01-22
  • Where Did Americans Move in 2017? [INFOGRAPHIC]
    Some Highlights: Atlas Van Lines recently released the results of their annual Migration Patterns Survey in which they tracked their customer’s movement from state-to-state over the course of 2017. Idaho held on to the top spot of ‘high inbound’ states for the 2nd year in a row followed ... read more
    Published on 2018-01-19
  • What Impact Will the New Tax Code Have on Home Values?
    Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from ... read more
    Published on 2018-01-18
  • 61% of First-Time Buyers Put Down Less than 6%
    According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without ... read more
    Published on 2018-01-17
  • Wondering If You Can Buy Your First Home?
    There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and ... read more
    Published on 2018-01-16
  • Thinking of Selling? Now is the Perfect Time
    It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that ... read more
    Published on 2018-01-15
  • The Impact Staging Your Home Has on Sales Price [INFOGRAPHIC]
    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers ... read more
    Published on 2018-01-12
  • 93% Believe Homeownership Is Important in Attaining the American Dream
    Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that: “Owning a home remains a core element of the American Dream.” When asked “How important a part of the American dream is owning a home?” ... read more
    Published on 2018-01-11
  • FICO® Scores on Approved Home Loans Drop Again
    According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the market ... read more
    Published on 2018-01-10
  • The Impact of Tight Inventory on the Housing Market
    The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the ... read more
    Published on 2018-01-09
  • 712,000 Homes in the US Regained Equity in the Past 12 Months!
    CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of ... read more
    Published on 2018-01-08
  • 4 Reasons to Sell This Winter [INFOGRAPHIC]
    Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps ... read more
    Published on 2018-01-05
  • Time on the Market Drops to New Low in 2017
    According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017. Strong buyer demand, a good economy, and a low inventory of new and existing homes for ... read more
    Published on 2018-01-04
  • The Benefits of Homeownership Go Beyond the Financial
    Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a ... read more
    Published on 2018-01-03
  • How Rising Prices Will Help You Build Family Wealth in 2018
    Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and ... read more
    Published on 2018-01-02
  • Here’s to a Wonderful 2018!
    We hope 2018 is a great year for you, both personally and professionally! ... read more
    Published on 2018-01-01
  • Buying or Selling in 2018? 5 Reasons to Resolve to Hire a Pro [INFOGRAPHIC]
    Some Highlights: As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team! There are many benefits to using a local professional! Pick a professional who knows ... read more
    Published on 2017-12-29
  • There’s More to a Bubble Than Rising Home Prices
    What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on ... read more
    Published on 2017-12-28
  • Top 4 REAL Reasons We Buy a Home
    We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons. No matter what shape or size your living space is, the concept and feeling of home can mean different things to ... read more
    Published on 2017-12-27
  • Top 5 Reasons You Shouldn’t FSBO
    In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the ... read more
    Published on 2017-12-26
  • Thank You for All Your Support
    Published on 2017-12-25
  • Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC]
    Some Highlights: Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006. The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply. NAR’s Chief Economist Lawrence Yun had this ... read more
    Published on 2017-12-22
  • Housing Prices are NOT Heading for Another Crash
    As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. ... read more
    Published on 2017-12-21
  • Top 5 Benefits of Hiring a Real Estate Agent
    The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellers in which they surveyed recent home buyers and sellers about their experiences. An entire section of the profile is dedicated to buyers’ experiences with their real estate agents. If you are looking to ... read more
    Published on 2017-12-20
  • Rents Are on the Rise: Don’t Get Caught in the Rental Trap!
    There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Rents are up 2.7% year-over-year ... read more
    Published on 2017-12-19
  • 4 Reasons to Buy a Home This Winter!
    Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.0% over the last 12 months. The same report predicts that prices will continue to increase at ... read more
    Published on 2017-12-18
  • Home Prices Up 6.54% Across the Country! [INFOGRAPHIC]
    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 you more! ... read more
    Published on 2017-12-15
  • Should Boomers Buy or Rent after Selling?
    In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home. “Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased ... read more
    Published on 2017-12-14
  • What is the Cost of Waiting Until Next Year to Buy?
    We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ... read more
    Published on 2017-12-13
  • Before You Make an Offer, Here Are 4 Tips for Success!
    So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this ... read more
    Published on 2017-12-12
  • Why Getting Pre-Approved Should Be Your First Step
    In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is ... read more
    Published on 2017-12-11
  • 3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC]
    Some Highlights: Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.” Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it. Living ... read more
    Published on 2017-12-08
  • The #1 Reason to List Your House Today!
    Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price. Historically, this made ... read more
    Published on 2017-12-07
  • Home Prices Up 7% from Last Year
    According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. A lack of supply of homes for sale has led to upward pressure on home prices ... read more
    Published on 2017-12-06
  • Why Is There So Much Paperwork Required to Get a Mortgage?
    Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends ... read more
    Published on 2017-12-05
  • 5 Reasons to Sell This Winter!
    Here are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and ... read more
    Published on 2017-12-04
  • Median Days on the Market Drops to 34! [INFOGRAPHIC]
    Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices ... read more
    Published on 2017-12-01
  • The Real Reason Home Prices are Increasing
    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this ... read more
    Published on 2017-11-30
  • 2 Charts That Show the Truth about Home Affordability
    There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history. The ... read more
    Published on 2017-11-29
  • Low Interest Rates Have a High Impact on Your Purchasing Power
    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing ... read more
    Published on 2017-11-28
  • The Cost of NOT Owning Your Home
    Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying or renting ... read more
    Published on 2017-11-27
  • What You Need to Know About the Mortgage Process [INFOGRAPHIC]
    Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you ... read more
    Published on 2018-07-20
  • Housing Will Not Fall Victim to Next Economic Storm
    Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market? Here are the opinions of several experts on ... read more
    Published on 2018-07-19
  • Demand for Homes to Buy Continues to Climb
    Across the United States, 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. According to the National Association of Realtors ... read more
    Published on 2018-07-18
  • 4 REAL Reasons Why We Buy A Home!
    We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to ... read more
    Published on 2018-07-17
  • First-Time Home Buyers Continue to Put Down Less Than 6%!
    According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but ... read more
    Published on 2018-07-16
  • Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]
    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase ... read more
    Published on 2018-07-13
  • House-Buying Power at Near-Historic Levels
    We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying ... read more
    Published on 2018-07-12
  • Rising Interest Rates Have Not Dampened Demand
    Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their ... read more
    Published on 2018-07-11
  • How Long Do Most Families Live in a House?
    The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last ... read more
    Published on 2018-07-10
  • The #1 Reason to List Your House 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! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: ... read more
    Published on 2018-07-09
  • Cost Across Time [INFOGRAPHIC]
    Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes ... read more
    Published on 2018-07-06
  • Homes More Affordable Today than 1985-2000
    Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home ... read more
    Published on 2018-07-05
  • VA Loans: Making a Home for the Brave Possible
    Since the creation of the Veterans Affairs (VA) Home Loans Program, over 22 million veterans have achieved the American Dream of homeownership. Many veterans do not know the details of the program and therefore do not take advantage of the benefits available to them. If you are a veteran ... read more
    Published on 2018-07-04
  • Why Should You Use A Professional to Sell Your Home?
    When homeowners decide to sell their houses, they obviously want to get the best possible price for their home with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all ... read more
    Published on 2018-07-03
  • Buying This Summer? Be Prepared for Bidding Wars
    Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different! Buyers have already been out in ... read more
    Published on 2018-07-02
  • 5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC]
    Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy ... read more
    Published on 2018-06-29
  • Next Recession in 2020? What Will Be the Impact?
    Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market ... read more
    Published on 2018-06-28
  • What’s the Median Home Value in Your State?
    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. In today’s housing market where home prices are appreciating quickly, it’s important to ... read more
    Published on 2018-06-27
  • Are You Wondering If You Can Buy Your First Home?
    There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and ... read more
    Published on 2018-06-26
  • You DO NOT Need 20% Down to Buy Your Home NOW!
    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 results of the survey show that the main reason why non-homeowners do not own their own ... read more
    Published on 2018-06-25
  • 4 Reasons to Sell This Summer [INFOGRAPHIC]
    Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the ... read more
    Published on 2018-06-22
  • Homes are More Affordable in 44 out of 50 States
    With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we ... read more
    Published on 2018-06-21
  • 3 Issues Facing Today’s Real Estate Market
    Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior ... read more
    Published on 2018-06-20
  • Top 5 Reasons You Shouldn’t FSBO
    In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority ... read more
    Published on 2018-06-19
  • How A Lack of Inventory Impacts the Housing Market
    The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue ... read more
    Published on 2018-06-18
  • Top 4 Home Renovations for Max ROI [INFOGRAPHIC]
    Some Highlights: Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). Minor bathroom renovations can go a ... read more
    Published on 2018-06-15
  • Are Lending Standards Too Loose…or Too Tight?
    With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study ... read more
    Published on 2018-06-14
  • Parents Say Kids’ Opinions Matter Big When Buying a Home
    A recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.” ... read more
    Published on 2018-06-13
  • When Is a Good Time to Rent? Not Now!
    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. The Census Bureau recently released their 2018 first quarter ... read more
    Published on 2018-06-12
  • Days on The Market Drops to New Low in April
    According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month. NAR’s Chief Economist, Lawrence Yun, had this to say, ... read more
    Published on 2018-06-11
  • The Cost of Renting vs. Buying [INFOGRAPHIC]
    Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious. Every market is different. ... read more
    Published on 2018-06-08
  • Did Tax Reform Kill the Luxury Market? NOT SO FAR!
    The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative ... read more
    Published on 2018-06-07
  • Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years
    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal. ... read more
    Published on 2018-06-06
  • 4 Steps to Follow When Presenting an Offer in Today’s Market!
    So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a great offer so that you can guarantee that your dream of making this ... read more
    Published on 2018-06-05
  • 4 Reasons Why Summer Is a Great Time to Buy a Home!
    Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of ... read more
    Published on 2018-06-04
  • Top Reasons to Own Your Home [INFOGRAPHIC]
    Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home? ... read more
    Published on 2018-06-01
  • Will 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. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some ... read more
    Published on 2018-05-31
  • Millennials Are Skipping Starter Homes for Their Dream Homes
    A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home ... read more
    Published on 2018-05-30
  • 5 Reasons Why to Sell This Summer!
    Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are ... read more
    Published on 2018-05-29
  • All Gave Some. Some Gave All.
    Published on 2018-05-28
  • Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC]
    Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257,900. This is the 74th ... read more
    Published on 2018-05-25
  • Selling Your House on Your Own Could Cost You
    In this extremely hot real estate market, some homeowners might consider selling their homes on their own which is known as a For Sale by Owner (FSBO). They rationalize that they don’t need a real estate agent and believe that they can save the fee for the services a ... read more
    Published on 2018-05-24
  • Why Have Interest Rates Jumped to a 7-Year High?
    Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, ... read more
    Published on 2018-05-23
  • How Current Interest Rates Can Have a High Impact on Your Purchasing Power
    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing ... read more
    Published on 2018-05-22
  • Don’t Wait to Sell Your House! Buyers Are Out Now
    Recently released data from the National Association of Realtors (NAR) suggests that a now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for ... read more
    Published on 2018-05-21
  • Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]
    Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now! ... read more
    Published on 2018-05-18
  • Moving Up to Your Dream Home? Don’t Wait!
    Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values today compared to the beginning of ... read more
    Published on 2018-05-17
  • Renters Under 50 Want to Buy a Home!
    Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: ... read more
    Published on 2018-05-16
  • Access: An Important Factor in Getting Your House SOLD!
    So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of ... read more
    Published on 2018-05-15
  • Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House”
    The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since ... read more
    Published on 2018-05-14
  • 3 Tips for Making Your Dream of Owning a Home a Reality [INFOGRAPHIC]
    Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it. Living within a budget right now will help you save money for down payments while also paying down other ... read more
    Published on 2018-05-11
  • 5 Ways Tax Reform Has Impacted the 2018 Housing Market
    Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major ... read more
    Published on 2018-05-10
  • Real Estate Tops Best Investment Poll for 5th Year Running
    Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This ... read more
    Published on 2018-05-09
  • Home Inspections: What to Expect
    So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to ... read more
    Published on 2018-05-08
  • What If I Wait Until Next Year to Buy a Home?
    We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the ... read more
    Published on 2018-05-07
  • 50% of Homes Sold in 30 Days in March [INFOGRAPHIC]
    Some Highlights: The National Association of REALTORS® recently surveyed their members for their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, ... read more
    Published on 2018-05-04
  • 4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again
    With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why: ... read more
    Published on 2018-05-03
  • This Just In: Data Says May is the Best Month to Sell Your Home
    According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and ... read more
    Published on 2018-05-02
  • How Much Has Your Home Increased in Value Over the Last Year?
    Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at ... read more
    Published on 2018-05-01
  • Why Home Prices Are Increasing
    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue ... read more
    Published on 2018-04-30
  • Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC]
    Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017. Inventory levels dropped year-over-year for the 34th consecutive month and are ... read more
    Published on 2018-04-27
  • “Short of a war or stock market crash…”
    This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase in home prices increases payments by roughly 5% A 1% rise in interest rates increases ... read more
    Published on 2018-04-26
  • New Study Shows ‘Best States for Millennials’
    A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top 5 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage ... read more
    Published on 2018-04-25
  • Thinking of Selling Your Home? Why You Need A Pro in Your Corner
    With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller ... read more
    Published on 2018-04-24
  • Buying a Home Is Cheaper Than Renting in the Majority of the US
    The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of ... read more
    Published on 2018-04-23
  • Home Buying Myths Slayed [INFOGRAPHIC]
    Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval continue to fall. ... read more
    Published on 2018-04-20
  • Is Family Mortgage Debt Out of Control?
    Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for ... read more
    Published on 2018-04-19
  • How Much Do You Need to Make to Buy a Home in Your State?
    It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C. ... read more
    Published on 2018-04-18
  • Rising Prices Help You Build Your Family’s Wealth
    Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and ... read more
    Published on 2018-04-17
  • Getting Pre-Approved Should Always Be Your First Step
    In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to ... read more
    Published on 2018-04-16
  • A Tale of Two Markets [INFOGRAPHIC]
      Some Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices! Inventory continues to rise in the luxury & ... read more
    Published on 2018-04-13
  • The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was
    There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. The Difference Between ... read more
    Published on 2018-04-12
  • Mortgage Interest Rates Have Begun to Level Off
    Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from ... read more
    Published on 2018-04-11
  • What Is Private Mortgage Insurance (PMI)?
    When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much ... read more
    Published on 2018-04-10
  • US Housing Market Still In ‘Buy Territory’!
    According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s ... read more
    Published on 2018-04-09
  • VA Loans by the Numbers [INFOGRAPHIC]
    Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. In 2017, $188 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of ... read more
    Published on 2018-04-06
  • House Prices: Simply a Matter of Supply & Demand
    Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount of a ... read more
    Published on 2018-04-05
  • Boomerang Buyers: Most Qualify for Financing in 2-3 Years
    According to a new study from Lending Tree, Americans who have filed for bankruptcy may be able to rebuild enough credit to qualify for a home loan in as little as 2-3 years. This is in stark contrast to the belief that many have that they need to wait ... read more
    Published on 2018-04-04
  • What Should You Look for In Your Real Estate Team?
    How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be ... read more
    Published on 2018-04-03
  • NOT Owning Your Home Can Cost You a Lot of Money!
    Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com recently reported that: Buying remains the more attractive option ... read more
    Published on 2018-04-02
  • The Cost of Renting vs. Buying Today [INFOGRAPHIC]
    Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious. Every market is different. ... read more
    Published on 2018-03-30
  • 99% of Experts Agree: Home Prices Will Increase
    Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyed housing experts believe that home values will continue to rise this year. What is the ... read more
    Published on 2018-03-29
  • Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!
    Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end ... read more
    Published on 2018-03-28
  • Buyer Demand Still Outpacing the Supply of Homes for Sale
    The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between ... read more
    Published on 2018-03-27
  • 5 Reasons Why to Sell This Spring!
    Here are five reasons listing your home for sale this spring makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and ... read more
    Published on 2018-03-26
  • 20 Tips for Preparing Your House for Sale This Spring [INFOGRAPHIC]
    Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting ... read more
    Published on 2018-03-23
  • Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices
    Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will ... read more
    Published on 2018-03-22
  • Is a Major Home Renovation Worth It in the Long Run?
    Last week, we shared 7 Factors To Consider When Choosing A Home To Retire In.For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans? Let’s look at this example. Let’s say ... read more
    Published on 2018-03-21
  • Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised!
    CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity ... read more
    Published on 2018-03-20
  • Dreaming of a Luxury Home? Now’s the Time!
    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! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control. ... read more
    Published on 2018-03-19
  • The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
    Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until rates hit 5% to ... read more
    Published on 2018-03-16
  • Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years
    If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed. Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home ... read more
    Published on 2018-03-15
  • 7 Factors to Consider When Choosing A Home to Retire In
    As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ... read more
    Published on 2018-03-14
  • You Can Save for a Down Payment Faster Than You Think!
    Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. ... read more
    Published on 2018-03-13
  • 4 Reasons Spring is a Great Time to Buy a Home!
    Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% ... read more
    Published on 2018-03-12
  • The Difference an Hour Will Make This Spring [INFOGRAPHIC]
    Some Highlights: Don’t forget to set your clocks forward this Sunday, March 11th at 2:00 AM EST in observance of Daylight Saving Time. Unless of course, you are a resident of Arizona or Hawaii! Every hour in the United States: 614 homes are sold, 81 homes regain equity ... read more
    Published on 2018-03-09
  • A New Housing Bubble Forming…Not Before 2024!
    A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2008. Recently, several housing ... read more
    Published on 2018-03-08
  • Home Prices: The Difference 5 Years Makes
    The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to ... read more
    Published on 2018-03-07
  • Competition is Coming, Are You Thinking of Selling Your Home?
    The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits ... read more
    Published on 2018-03-06
  • Housing Market Expected To “Spring Forward” This Year
    Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until ... read more
    Published on 2018-03-05
  • 4 Reasons to Sell This Spring [INFOGRAPHIC]
    Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the ... read more
    Published on 2018-03-02
  • Are Home Values Really Overinflated?
    Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: “The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of ... read more
    Published on 2018-03-01
  • It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!
    According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax refunds are often thought of as ‘extra money’ that can be ... read more
    Published on 2018-02-28
  • Is Now a Good Time to Rent?
    People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 fourth quarter median ... read more
    Published on 2018-02-27
  • Latest NAR Data Shows Now Is a Great Time to Sell!
    We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house. Let’s ... read more
    Published on 2018-02-26
  • The Mortgage Process: What You Need to Know [INFOGRAPHIC]
    Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you ... read more
    Published on 2018-02-23
  • Mortgage Rates on FIRE! Home Prices Up in Smoke?
    Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an ... read more
    Published on 2018-02-22
  • 80% of Renters Believe Homeownership is a Part of Their American Dream
    According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of ... read more
    Published on 2018-02-21
  • 2 Ways to Get the Most Money from The Sale of Your Home
    Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This ... read more
    Published on 2018-02-20
  • Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!
    Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they ... read more
    Published on 2018-02-19
  • Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC]
    Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic predicts ... read more
    Published on 2018-02-16
  • Calm Down! The Real Estate Market is NOT Falling Apart
    There has been tremendous volatility in certain markets over the last few weeks (for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and dramatically. Real estate is an ... read more
    Published on 2018-02-15
  • Which Comes First… Marriage or Mortgage?
    According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a ... read more
    Published on 2018-02-14
  • Low Inventory Pushes Home Prices Higher
    According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind ... read more
    Published on 2018-02-13
  • The #1 Reason to Sell Now Before Spring
    The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for ... read more
    Published on 2018-02-12
  • 5 Reasons to Love Using A Real Estate Pro [INFOGRAPHIC]
    Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with paperwork, understanding the process, negotiations, and helping you with pricing (both ... read more
    Published on 2018-02-09
  • Homeownership: “The Reports of My Death Have Been Greatly Exaggerated”
    The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last week, the Census revealed that the percentage of homeowners in the country increased for the first time in thirteen years. A story in the Wall Street ... read more
    Published on 2018-02-08
  • Where Are Mortgage Interest Rates Headed in 2018?
    The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a ... read more
    Published on 2018-02-07
  • Millionaire to Millennials: Don’t Rent a Home… Buy!
    In a CNBC article, self-made millionaire David Bach explained that: The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home. Bach went on to ... read more
    Published on 2018-02-06
  • Whether You Rent or Buy, Either Way You’re Paying a Mortgage!
    There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, 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 source for small ... read more
    Published on 2018-02-05
  • 5 Reasons Homeowners Can Throw Better Super Bowl Parties! [INFOGRAPHIC]
    Highlights: Watching the big game at home with your friends & family offers many advantages. There’s more room to entertain a large crowd and you don’t have to worry about complaints to your landlord if you cheer too loudly! The kitchen is big enough to make as many ... read more
    Published on 2018-02-02
  • Bidding Wars Abound… How Long Will They Continue?
    Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is ... read more
    Published on 2018-02-01
  • Study Shows “Millennials Deserve More Credit”
    When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials ... read more
    Published on 2018-01-31
  • 2 Major Myths Holding Back Home Buyers
    Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers ... read more
    Published on 2018-01-30
  • U.S. Housing Inventory Crunch Continues… List Your House Today!
    Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand ... read more
    Published on 2018-01-29
  • 5 Reasons Millennials Choose to Buy [INFOGRAPHIC]
    Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy ... read more
    Published on 2018-01-26
  • If You’re Considering Selling, ACT NOW!!
    Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales were at their highest level in a decade. ... read more
    Published on 2018-01-25
  • Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years
    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal. ... read more
    Published on 2018-01-24
  • Why You Need a Professional on Your Team When Buying a Home
    Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first try to go through the buying process on their own. In today’s market: you need an experienced professional! You Need an Expert Guide If You ... read more
    Published on 2018-01-23
  • Buying A Home Is More Affordable Than Renting In 54% Of US Counties
    According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.” For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban ... read more
    Published on 2018-01-22
  • Where Did Americans Move in 2017? [INFOGRAPHIC]
    Some Highlights: Atlas Van Lines recently released the results of their annual Migration Patterns Survey in which they tracked their customer’s movement from state-to-state over the course of 2017. Idaho held on to the top spot of ‘high inbound’ states for the 2nd year in a row followed ... read more
    Published on 2018-01-19
  • What Impact Will the New Tax Code Have on Home Values?
    Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from ... read more
    Published on 2018-01-18
  • 61% of First-Time Buyers Put Down Less than 6%
    According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without ... read more
    Published on 2018-01-17
  • Wondering If You Can Buy Your First Home?
    There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and ... read more
    Published on 2018-01-16
  • Thinking of Selling? Now is the Perfect Time
    It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that ... read more
    Published on 2018-01-15
  • The Impact Staging Your Home Has on Sales Price [INFOGRAPHIC]
    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers ... read more
    Published on 2018-01-12
  • 93% Believe Homeownership Is Important in Attaining the American Dream
    Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that: “Owning a home remains a core element of the American Dream.” When asked “How important a part of the American dream is owning a home?” ... read more
    Published on 2018-01-11
  • FICO® Scores on Approved Home Loans Drop Again
    According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the market ... read more
    Published on 2018-01-10
  • The Impact of Tight Inventory on the Housing Market
    The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the ... read more
    Published on 2018-01-09
  • 712,000 Homes in the US Regained Equity in the Past 12 Months!
    CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of ... read more
    Published on 2018-01-08
  • 4 Reasons to Sell This Winter [INFOGRAPHIC]
    Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps ... read more
    Published on 2018-01-05
  • Time on the Market Drops to New Low in 2017
    According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017. Strong buyer demand, a good economy, and a low inventory of new and existing homes for ... read more
    Published on 2018-01-04
  • The Benefits of Homeownership Go Beyond the Financial
    Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a ... read more
    Published on 2018-01-03
  • How Rising Prices Will Help You Build Family Wealth in 2018
    Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and ... read more
    Published on 2018-01-02
  • Here’s to a Wonderful 2018!
    We hope 2018 is a great year for you, both personally and professionally! ... read more
    Published on 2018-01-01
  • Buying or Selling in 2018? 5 Reasons to Resolve to Hire a Pro [INFOGRAPHIC]
    Some Highlights: As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team! There are many benefits to using a local professional! Pick a professional who knows ... read more
    Published on 2017-12-29
  • There’s More to a Bubble Than Rising Home Prices
    What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on ... read more
    Published on 2017-12-28
  • Top 4 REAL Reasons We Buy a Home
    We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons. No matter what shape or size your living space is, the concept and feeling of home can mean different things to ... read more
    Published on 2017-12-27
  • Top 5 Reasons You Shouldn’t FSBO
    In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the ... read more
    Published on 2017-12-26
  • Thank You for All Your Support
    Published on 2017-12-25
  • Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC]
    Some Highlights: Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006. The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply. NAR’s Chief Economist Lawrence Yun had this ... read more
    Published on 2017-12-22
  • Housing Prices are NOT Heading for Another Crash
    As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. ... read more
    Published on 2017-12-21
  • Top 5 Benefits of Hiring a Real Estate Agent
    The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellers in which they surveyed recent home buyers and sellers about their experiences. An entire section of the profile is dedicated to buyers’ experiences with their real estate agents. If you are looking to ... read more
    Published on 2017-12-20
  • Rents Are on the Rise: Don’t Get Caught in the Rental Trap!
    There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Rents are up 2.7% year-over-year ... read more
    Published on 2017-12-19
  • 4 Reasons to Buy a Home This Winter!
    Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.0% over the last 12 months. The same report predicts that prices will continue to increase at ... read more
    Published on 2017-12-18
  • Home Prices Up 6.54% Across the Country! [INFOGRAPHIC]
    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 you more! ... read more
    Published on 2017-12-15
  • Should Boomers Buy or Rent after Selling?
    In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home. “Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased ... read more
    Published on 2017-12-14
  • What is the Cost of Waiting Until Next Year to Buy?
    We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ... read more
    Published on 2017-12-13
  • Before You Make an Offer, Here Are 4 Tips for Success!
    So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this ... read more
    Published on 2017-12-12
  • Why Getting Pre-Approved Should Be Your First Step
    In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is ... read more
    Published on 2017-12-11
  • 3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC]
    Some Highlights: Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.” Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it. Living ... read more
    Published on 2017-12-08
  • The #1 Reason to List Your House Today!
    Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price. Historically, this made ... read more
    Published on 2017-12-07
  • Home Prices Up 7% from Last Year
    According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. A lack of supply of homes for sale has led to upward pressure on home prices ... read more
    Published on 2017-12-06
  • Why Is There So Much Paperwork Required to Get a Mortgage?
    Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends ... read more
    Published on 2017-12-05
  • 5 Reasons to Sell This Winter!
    Here are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and ... read more
    Published on 2017-12-04
  • Median Days on the Market Drops to 34! [INFOGRAPHIC]
    Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices ... read more
    Published on 2017-12-01
  • The Real Reason Home Prices are Increasing
    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this ... read more
    Published on 2017-11-30
  • 2 Charts That Show the Truth about Home Affordability
    There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history. The ... read more
    Published on 2017-11-29
  • Low Interest Rates Have a High Impact on Your Purchasing Power
    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing ... read more
    Published on 2017-11-28
  • The Cost of NOT Owning Your Home
    Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying or renting ... read more
    Published on 2017-11-27
  • What You Need to Know About the Mortgage Process [INFOGRAPHIC]
    Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you ... read more
    Published on 2018-07-20
  • Housing Will Not Fall Victim to Next Economic Storm
    Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market? Here are the opinions of several experts on ... read more
    Published on 2018-07-19
  • Demand for Homes to Buy Continues to Climb
    Across the United States, 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. According to the National Association of Realtors ... read more
    Published on 2018-07-18
  • 4 REAL Reasons Why We Buy A Home!
    We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to ... read more
    Published on 2018-07-17
  • First-Time Home Buyers Continue to Put Down Less Than 6%!
    According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but ... read more
    Published on 2018-07-16
  • Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]
    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase ... read more
    Published on 2018-07-13
  • House-Buying Power at Near-Historic Levels
    We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying ... read more
    Published on 2018-07-12
  • Rising Interest Rates Have Not Dampened Demand
    Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their ... read more
    Published on 2018-07-11
  • How Long Do Most Families Live in a House?
    The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last ... read more
    Published on 2018-07-10
  • The #1 Reason to List Your House 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! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: ... read more
    Published on 2018-07-09
  • Cost Across Time [INFOGRAPHIC]
    Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes ... read more
    Published on 2018-07-06
  • Homes More Affordable Today than 1985-2000
    Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home ... read more
    Published on 2018-07-05
  • VA Loans: Making a Home for the Brave Possible
    Since the creation of the Veterans Affairs (VA) Home Loans Program, over 22 million veterans have achieved the American Dream of homeownership. Many veterans do not know the details of the program and therefore do not take advantage of the benefits available to them. If you are a veteran ... read more
    Published on 2018-07-04
  • Why Should You Use A Professional to Sell Your Home?
    When homeowners decide to sell their houses, they obviously want to get the best possible price for their home with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all ... read more
    Published on 2018-07-03
  • Buying This Summer? Be Prepared for Bidding Wars
    Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different! Buyers have already been out in ... read more
    Published on 2018-07-02
  • 5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC]
    Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy ... read more
    Published on 2018-06-29
  • Next Recession in 2020? What Will Be the Impact?
    Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market ... read more
    Published on 2018-06-28
  • What’s the Median Home Value in Your State?
    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. In today’s housing market where home prices are appreciating quickly, it’s important to ... read more
    Published on 2018-06-27
  • Are You Wondering If You Can Buy Your First Home?
    There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and ... read more
    Published on 2018-06-26
  • You DO NOT Need 20% Down to Buy Your Home NOW!
    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 results of the survey show that the main reason why non-homeowners do not own their own ... read more
    Published on 2018-06-25
  • 4 Reasons to Sell This Summer [INFOGRAPHIC]
    Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the ... read more
    Published on 2018-06-22
  • Homes are More Affordable in 44 out of 50 States
    With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we ... read more
    Published on 2018-06-21
  • 3 Issues Facing Today’s Real Estate Market
    Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior ... read more
    Published on 2018-06-20
  • Top 5 Reasons You Shouldn’t FSBO
    In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority ... read more
    Published on 2018-06-19
  • How A Lack of Inventory Impacts the Housing Market
    The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue ... read more
    Published on 2018-06-18
  • Top 4 Home Renovations for Max ROI [INFOGRAPHIC]
    Some Highlights: Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). Minor bathroom renovations can go a ... read more
    Published on 2018-06-15
  • Are Lending Standards Too Loose…or Too Tight?
    With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study ... read more
    Published on 2018-06-14
  • Parents Say Kids’ Opinions Matter Big When Buying a Home
    A recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.” ... read more
    Published on 2018-06-13
  • When Is a Good Time to Rent? Not Now!
    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. The Census Bureau recently released their 2018 first quarter ... read more
    Published on 2018-06-12
  • Days on The Market Drops to New Low in April
    According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month. NAR’s Chief Economist, Lawrence Yun, had this to say, ... read more
    Published on 2018-06-11
  • The Cost of Renting vs. Buying [INFOGRAPHIC]
    Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice becomes obvious. Every market is different. ... read more
    Published on 2018-06-08
  • Did Tax Reform Kill the Luxury Market? NOT SO FAR!
    The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative ... read more
    Published on 2018-06-07
  • Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years
    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal. ... read more
    Published on 2018-06-06
  • 4 Steps to Follow When Presenting an Offer in Today’s Market!
    So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a great offer so that you can guarantee that your dream of making this ... read more
    Published on 2018-06-05
  • 4 Reasons Why Summer Is a Great Time to Buy a Home!
    Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of ... read more
    Published on 2018-06-04
  • Top Reasons to Own Your Home [INFOGRAPHIC]
    Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home? ... read more
    Published on 2018-06-01
  • Will 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. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some ... read more
    Published on 2018-05-31
  • Millennials Are Skipping Starter Homes for Their Dream Homes
    A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home ... read more
    Published on 2018-05-30
  • 5 Reasons Why to Sell This Summer!
    Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are ... read more
    Published on 2018-05-29
  • All Gave Some. Some Gave All.
    Published on 2018-05-28
  • Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC]
    Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257,900. This is the 74th ... read more
    Published on 2018-05-25
  • Selling Your House on Your Own Could Cost You
    In this extremely hot real estate market, some homeowners might consider selling their homes on their own which is known as a For Sale by Owner (FSBO). They rationalize that they don’t need a real estate agent and believe that they can save the fee for the services a ... read more
    Published on 2018-05-24
  • Why Have Interest Rates Jumped to a 7-Year High?
    Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, ... read more
    Published on 2018-05-23
  • How Current Interest Rates Can Have a High Impact on Your Purchasing Power
    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing ... read more
    Published on 2018-05-22
  • Don’t Wait to Sell Your House! Buyers Are Out Now
    Recently released data from the National Association of Realtors (NAR) suggests that a now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for ... read more
    Published on 2018-05-21
  • Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]
    Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now! ... read more
    Published on 2018-05-18
  • Moving Up to Your Dream Home? Don’t Wait!
    Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values today compared to the beginning of ... read more
    Published on 2018-05-17
  • Renters Under 50 Want to Buy a Home!
    Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: ... read more
    Published on 2018-05-16
  • Access: An Important Factor in Getting Your House SOLD!
    So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of ... read more
    Published on 2018-05-15
  • Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House”
    The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since ... read more
    Published on 2018-05-14
  • 3 Tips for Making Your Dream of Owning a Home a Reality [INFOGRAPHIC]
    Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it. Living within a budget right now will help you save money for down payments while also paying down other ... read more
    Published on 2018-05-11
  • 5 Ways Tax Reform Has Impacted the 2018 Housing Market
    Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major ... read more
    Published on 2018-05-10
  • Real Estate Tops Best Investment Poll for 5th Year Running
    Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This ... read more
    Published on 2018-05-09
  • Home Inspections: What to Expect
    So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to ... read more
    Published on 2018-05-08
  • What If I Wait Until Next Year to Buy a Home?
    We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the ... read more
    Published on 2018-05-07
  • 50% of Homes Sold in 30 Days in March [INFOGRAPHIC]
    Some Highlights: The National Association of REALTORS® recently surveyed their members for their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, ... read more
    Published on 2018-05-04
  • 4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again
    With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why: ... read more
    Published on 2018-05-03
  • This Just In: Data Says May is the Best Month to Sell Your Home
    According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and ... read more
    Published on 2018-05-02
  • How Much Has Your Home Increased in Value Over the Last Year?
    Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at ... read more
    Published on 2018-05-01
  • Why Home Prices Are Increasing
    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue ... read more
    Published on 2018-04-30
  • Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC]
    Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017. Inventory levels dropped year-over-year for the 34th consecutive month and are ... read more
    Published on 2018-04-27
  • “Short of a war or stock market crash…”
    This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase in home prices increases payments by roughly 5% A 1% rise in interest rates increases ... read more
    Published on 2018-04-26
  • New Study Shows ‘Best States for Millennials’
    A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top 5 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage ... read more
    Published on 2018-04-25
  • Thinking of Selling Your Home? Why You Need A Pro in Your Corner
    With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller ... read more
    Published on 2018-04-24
  • Buying a Home Is Cheaper Than Renting in the Majority of the US
    The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of ... read more
    Published on 2018-04-23
  • Home Buying Myths Slayed [INFOGRAPHIC]
    Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval continue to fall. ... read more
    Published on 2018-04-20
  • Is Family Mortgage Debt Out of Control?
    Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for ... read more
    Published on 2018-04-19
  • How Much Do You Need to Make to Buy a Home in Your State?
    It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C. ... read more
    Published on 2018-04-18
  • Rising Prices Help You Build Your Family’s Wealth
    Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and ... read more
    Published on 2018-04-17
  • Getting Pre-Approved Should Always Be Your First Step
    In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to ... read more
    Published on 2018-04-16
  • A Tale of Two Markets [INFOGRAPHIC]
      Some Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices! Inventory continues to rise in the luxury & ... read more
    Published on 2018-04-13
  • The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was
    There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. The Difference Between ... read more
    Published on 2018-04-12
  • Mortgage Interest Rates Have Begun to Level Off
    Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from ... read more
    Published on 2018-04-11
  • What Is Private Mortgage Insurance (PMI)?
    When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much ... read more
    Published on 2018-04-10
  • US Housing Market Still In ‘Buy Territory’!
    According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s ... read more
    Published on 2018-04-09
  • VA Loans by the Numbers [INFOGRAPHIC]
    Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. In 2017, $188 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of ... read more
    Published on 2018-04-06
  • House Prices: Simply a Matter of Supply & Demand
    Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount of a ... read more
    Published on 2018-04-05
  • Boomerang Buyers: Most Qualify for Financing in 2-3 Years
    According to a new study from Lending Tree, Americans who have filed for bankruptcy may be able to rebuild enough credit to qualify for a home loan in as little as 2-3 years. This is in stark contrast to the belief that many have that they need to wait ... read more
    Published on 2018-04-04
  • What Should You Look for In Your Real Estate Team?
    How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be ... read more
    Published on 2018-04-03
  • NOT Owning Your Home Can Cost You a Lot of Money!
    Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com recently reported that: Buying remains the more attractive option ... read more
    Published on 2018-04-02
  • The Cost of Renting vs. Buying Today [INFOGRAPHIC]
    Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious. Every market is different. ... read more
    Published on 2018-03-30
  • 99% of Experts Agree: Home Prices Will Increase
    Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyed housing experts believe that home values will continue to rise this year. What is the ... read more
    Published on 2018-03-29
  • Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!
    Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end ... read more
    Published on 2018-03-28
  • Buyer Demand Still Outpacing the Supply of Homes for Sale
    The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between ... read more
    Published on 2018-03-27
  • 5 Reasons Why to Sell This Spring!
    Here are five reasons listing your home for sale this spring makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and ... read more
    Published on 2018-03-26
  • 20 Tips for Preparing Your House for Sale This Spring [INFOGRAPHIC]
    Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting ... read more
    Published on 2018-03-23
  • Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices
    Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will ... read more
    Published on 2018-03-22
  • Is a Major Home Renovation Worth It in the Long Run?
    Last week, we shared 7 Factors To Consider When Choosing A Home To Retire In.For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans? Let’s look at this example. Let’s say ... read more
    Published on 2018-03-21
  • Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised!
    CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity ... read more
    Published on 2018-03-20
  • Dreaming of a Luxury Home? Now’s the Time!
    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! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control. ... read more
    Published on 2018-03-19
  • The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
    Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until rates hit 5% to ... read more
    Published on 2018-03-16
  • Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years
    If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed. Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home ... read more
    Published on 2018-03-15
  • 7 Factors to Consider When Choosing A Home to Retire In
    As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ... read more
    Published on 2018-03-14
  • You Can Save for a Down Payment Faster Than You Think!
    Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. ... read more
    Published on 2018-03-13
  • 4 Reasons Spring is a Great Time to Buy a Home!
    Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% ... read more
    Published on 2018-03-12
  • The Difference an Hour Will Make This Spring [INFOGRAPHIC]
    Some Highlights: Don’t forget to set your clocks forward this Sunday, March 11th at 2:00 AM EST in observance of Daylight Saving Time. Unless of course, you are a resident of Arizona or Hawaii! Every hour in the United States: 614 homes are sold, 81 homes regain equity ... read more
    Published on 2018-03-09
  • A New Housing Bubble Forming…Not Before 2024!
    A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2008. Recently, several housing ... read more
    Published on 2018-03-08
  • Home Prices: The Difference 5 Years Makes
    The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to ... read more
    Published on 2018-03-07
  • Competition is Coming, Are You Thinking of Selling Your Home?
    The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits ... read more
    Published on 2018-03-06
  • Housing Market Expected To “Spring Forward” This Year
    Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until ... read more
    Published on 2018-03-05
  • 4 Reasons to Sell This Spring [INFOGRAPHIC]
    Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the ... read more
    Published on 2018-03-02
  • Are Home Values Really Overinflated?
    Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: “The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of ... read more
    Published on 2018-03-01
  • It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!
    According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax refunds are often thought of as ‘extra money’ that can be ... read more
    Published on 2018-02-28
  • Is Now a Good Time to Rent?
    People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 fourth quarter median ... read more
    Published on 2018-02-27
  • Latest NAR Data Shows Now Is a Great Time to Sell!
    We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house. Let’s ... read more
    Published on 2018-02-26
  • The Mortgage Process: What You Need to Know [INFOGRAPHIC]
    Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you ... read more
    Published on 2018-02-23
  • Mortgage Rates on FIRE! Home Prices Up in Smoke?
    Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an ... read more
    Published on 2018-02-22
  • 80% of Renters Believe Homeownership is a Part of Their American Dream
    According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of ... read more
    Published on 2018-02-21
  • 2 Ways to Get the Most Money from The Sale of Your Home
    Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This ... read more
    Published on 2018-02-20
  • Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!
    Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they ... read more
    Published on 2018-02-19
  • Should I Wait Until Next Year to Buy? Or Buy Now? [INFOGRAPHIC]
    Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic predicts ... read more
    Published on 2018-02-16
  • Calm Down! The Real Estate Market is NOT Falling Apart
    There has been tremendous volatility in certain markets over the last few weeks (for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and dramatically. Real estate is an ... read more
    Published on 2018-02-15
  • Which Comes First… Marriage or Mortgage?
    According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a ... read more
    Published on 2018-02-14
  • Low Inventory Pushes Home Prices Higher
    According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind ... read more
    Published on 2018-02-13
  • The #1 Reason to Sell Now Before Spring
    The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for ... read more
    Published on 2018-02-12
  • 5 Reasons to Love Using A Real Estate Pro [INFOGRAPHIC]
    Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with paperwork, understanding the process, negotiations, and helping you with pricing (both ... read more
    Published on 2018-02-09
  • Homeownership: “The Reports of My Death Have Been Greatly Exaggerated”
    The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last week, the Census revealed that the percentage of homeowners in the country increased for the first time in thirteen years. A story in the Wall Street ... read more
    Published on 2018-02-08
  • Where Are Mortgage Interest Rates Headed in 2018?
    The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a ... read more
    Published on 2018-02-07
  • Millionaire to Millennials: Don’t Rent a Home… Buy!
    In a CNBC article, self-made millionaire David Bach explained that: The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home. Bach went on to ... read more
    Published on 2018-02-06
  • Whether You Rent or Buy, Either Way You’re Paying a Mortgage!
    There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, 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 source for small ... read more
    Published on 2018-02-05
  • 5 Reasons Homeowners Can Throw Better Super Bowl Parties! [INFOGRAPHIC]
    Highlights: Watching the big game at home with your friends & family offers many advantages. There’s more room to entertain a large crowd and you don’t have to worry about complaints to your landlord if you cheer too loudly! The kitchen is big enough to make as many ... read more
    Published on 2018-02-02
  • Bidding Wars Abound… How Long Will They Continue?
    Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is ... read more
    Published on 2018-02-01
  • Study Shows “Millennials Deserve More Credit”
    When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials ... read more
    Published on 2018-01-31
  • 2 Major Myths Holding Back Home Buyers
    Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers ... read more
    Published on 2018-01-30
  • U.S. Housing Inventory Crunch Continues… List Your House Today!
    Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand ... read more
    Published on 2018-01-29
  • 5 Reasons Millennials Choose to Buy [INFOGRAPHIC]
    Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy ... read more
    Published on 2018-01-26
  • If You’re Considering Selling, ACT NOW!!
    Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales were at their highest level in a decade. ... read more
    Published on 2018-01-25
  • Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years
    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal. ... read more
    Published on 2018-01-24
  • Why You Need a Professional on Your Team When Buying a Home
    Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first try to go through the buying process on their own. In today’s market: you need an experienced professional! You Need an Expert Guide If You ... read more
    Published on 2018-01-23
  • Buying A Home Is More Affordable Than Renting In 54% Of US Counties
    According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.” For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban ... read more
    Published on 2018-01-22
  • Where Did Americans Move in 2017? [INFOGRAPHIC]
    Some Highlights: Atlas Van Lines recently released the results of their annual Migration Patterns Survey in which they tracked their customer’s movement from state-to-state over the course of 2017. Idaho held on to the top spot of ‘high inbound’ states for the 2nd year in a row followed ... read more
    Published on 2018-01-19
  • What Impact Will the New Tax Code Have on Home Values?
    Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from ... read more
    Published on 2018-01-18
  • 61% of First-Time Buyers Put Down Less than 6%
    According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without ... read more
    Published on 2018-01-17
  • Wondering If You Can Buy Your First Home?
    There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and ... read more
    Published on 2018-01-16
  • Thinking of Selling? Now is the Perfect Time
    It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that ... read more
    Published on 2018-01-15
  • The Impact Staging Your Home Has on Sales Price [INFOGRAPHIC]
    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers ... read more
    Published on 2018-01-12
  • 93% Believe Homeownership Is Important in Attaining the American Dream
    Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that: “Owning a home remains a core element of the American Dream.” When asked “How important a part of the American dream is owning a home?” ... read more
    Published on 2018-01-11
  • FICO® Scores on Approved Home Loans Drop Again
    According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the market ... read more
    Published on 2018-01-10
  • The Impact of Tight Inventory on the Housing Market
    The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the ... read more
    Published on 2018-01-09
  • 712,000 Homes in the US Regained Equity in the Past 12 Months!
    CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of ... read more
    Published on 2018-01-08
  • 4 Reasons to Sell This Winter [INFOGRAPHIC]
    Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps ... read more
    Published on 2018-01-05
  • Time on the Market Drops to New Low in 2017
    According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017. Strong buyer demand, a good economy, and a low inventory of new and existing homes for ... read more
    Published on 2018-01-04
  • The Benefits of Homeownership Go Beyond the Financial
    Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a ... read more
    Published on 2018-01-03
  • How Rising Prices Will Help You Build Family Wealth in 2018
    Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and ... read more
    Published on 2018-01-02
  • Here’s to a Wonderful 2018!
    We hope 2018 is a great year for you, both personally and professionally! ... read more
    Published on 2018-01-01
  • Buying or Selling in 2018? 5 Reasons to Resolve to Hire a Pro [INFOGRAPHIC]
    Some Highlights: As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team! There are many benefits to using a local professional! Pick a professional who knows ... read more
    Published on 2017-12-29
  • There’s More to a Bubble Than Rising Home Prices
    What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on ... read more
    Published on 2017-12-28
  • Top 4 REAL Reasons We Buy a Home
    We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons. No matter what shape or size your living space is, the concept and feeling of home can mean different things to ... read more
    Published on 2017-12-27
  • Top 5 Reasons You Shouldn’t FSBO
    In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the ... read more
    Published on 2017-12-26
  • Thank You for All Your Support
    Published on 2017-12-25
  • Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC]
    Some Highlights: Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006. The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply. NAR’s Chief Economist Lawrence Yun had this ... read more
    Published on 2017-12-22
  • Housing Prices are NOT Heading for Another Crash
    As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. ... read more
    Published on 2017-12-21
  • Top 5 Benefits of Hiring a Real Estate Agent
    The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellers in which they surveyed recent home buyers and sellers about their experiences. An entire section of the profile is dedicated to buyers’ experiences with their real estate agents. If you are looking to ... read more
    Published on 2017-12-20
  • Rents Are on the Rise: Don’t Get Caught in the Rental Trap!
    There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Rents are up 2.7% year-over-year ... read more
    Published on 2017-12-19
  • 4 Reasons to Buy a Home This Winter!
    Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.0% over the last 12 months. The same report predicts that prices will continue to increase at ... read more
    Published on 2017-12-18
  • Home Prices Up 6.54% Across the Country! [INFOGRAPHIC]
    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 you more! ... read more
    Published on 2017-12-15
  • Should Boomers Buy or Rent after Selling?
    In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home. “Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased ... read more
    Published on 2017-12-14
  • What is the Cost of Waiting Until Next Year to Buy?
    We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ... read more
    Published on 2017-12-13
  • Before You Make an Offer, Here Are 4 Tips for Success!
    So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this ... read more
    Published on 2017-12-12
  • Why Getting Pre-Approved Should Be Your First Step
    In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is ... read more
    Published on 2017-12-11
  • 3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC]
    Some Highlights: Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.” Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it. Living ... read more
    Published on 2017-12-08
  • The #1 Reason to List Your House Today!
    Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price. Historically, this made ... read more
    Published on 2017-12-07
  • Home Prices Up 7% from Last Year
    According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. A lack of supply of homes for sale has led to upward pressure on home prices ... read more
    Published on 2017-12-06
  • Why Is There So Much Paperwork Required to Get a Mortgage?
    Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends ... read more
    Published on 2017-12-05
  • 5 Reasons to Sell This Winter!
    Here are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and ... read more
    Published on 2017-12-04
  • Median Days on the Market Drops to 34! [INFOGRAPHIC]
    Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices ... read more
    Published on 2017-12-01
  • The Real Reason Home Prices are Increasing
    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this ... read more
    Published on 2017-11-30
  • 2 Charts That Show the Truth about Home Affordability
    There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history. The ... read more
    Published on 2017-11-29
  • Low Interest Rates Have a High Impact on Your Purchasing Power
    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing ... read more
    Published on 2017-11-28
  • The Cost of NOT Owning Your Home
    Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying or renting ... read more
    Published on 2017-11-27