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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:)

 

  • 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
  • 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
  • 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