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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 is the Cost of Waiting Until Next Year to Buy? [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 the end of ... read more
    Published on 2019-01-18
  • Last Chance! Homes are a Bargain Compared to Historic Norms
    A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The ... read more
    Published on 2019-01-17
  • Selling Your Home? Make Sure the Price is Right!
    If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting ... read more
    Published on 2019-01-16
  • Buying a Home Young is the Key to Building Wealth
    Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at ... read more
    Published on 2019-01-15
  • Buying a House This Year? This Should Be Your 1st Step!
    In many markets across the country, the number of buyers searching for their dream homes 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 that you are serious about buying your dream home is to ... read more
    Published on 2019-01-14
  • The 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 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes ... read more
    Published on 2019-01-11
  • The Best Time to List Your House? TODAY!
    You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still ... read more
    Published on 2019-01-10
  • Is the Recent Dip in Interest Rates Here to Stay?
    Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of ... read more
    Published on 2019-01-09
  • Buying A Vacation Property? Now Is A Good Time!
    Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate. For those homeowners staying at their first residence, AccuWeather warns: “The late-week ... read more
    Published on 2019-01-08
  • Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!
    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 2019-01-07
  • Top Renovations to Complete Before You Sell Your House [INFOGRAPHIC]
    Some Highlights: If you are planning on listing your house for sale this year, here are the top four home improvement projects that will net you the most Return on Investment (ROI). Minor bathroom renovations can go a long way toward improving the quality of your everyday life ... read more
    Published on 2019-01-04
  • Belief in Homeownership as an Investment is Far from Dead
    Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey ... read more
    Published on 2019-01-03
  • Excited About Buying A Home This Year? Here’s What to Watch
    As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of ... read more
    Published on 2019-01-02
  • Here’s to a Wonderful 2019!
    We hope 2019 is a great year for you, both personally and professionally! Content previously posted on Keeping Current Matters ... read more
    Published on 2019-01-01
  • Why You Should Not For Sale By Owner
    In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes 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 most sellers. ... read more
    Published on 2018-12-31
  • Where is the Housing Market Headed in 2019? [INFOGRAPHIC]
    Some Highlights: ­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a rate of 4.8% over the course of 2019 ... read more
    Published on 2018-12-28
  • 24 Hours that Suddenly Improved the Market
    This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales have now decreased for several months in a row. To many, the outlook heading ... read more
    Published on 2018-12-27
  • How to Save Thousands of Dollars in Interest on Your Mortgage
    One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to shorten that term which will actually end up saving ... read more
    Published on 2018-12-26
  • Thank You for All Your Support
    Content previously posted on Keeping Current Matters ... read more
    Published on 2018-12-25
  • What Makes a House a Home For You?
    We frequently talk about why it makes sense to buy a home financially, 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 a home can mean different things ... read more
    Published on 2018-12-24
  • Buyers Are Looking for Your Home, Now [INFOGRAPHIC]
    Some Highlights: Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months. The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month ... read more
    Published on 2018-12-21
  • 4 Quick Reasons NOT to Fear a Housing Crash
    There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago. Here are four reasons why today’s market is much different: 1. There are ... read more
    Published on 2018-12-20
  • Homeownership Remains a Huge Part of the American Dream
    As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices. This has been great news ... read more
    Published on 2018-12-19
  • Why Houses DO NOT Sell in a Strong Market
    As we approach the end of the year, many homeowners find themselves asking the question, “If we’re currently in a strong real estate market, why won’t my house sell? Below are the 5 most common reasons why a listing contract will expire: 1. The Price Sometimes when the ... read more
    Published on 2018-12-18
  • 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 strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are ... read more
    Published on 2018-12-17
  • 4 Reasons to Sell Your House 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 the ... read more
    Published on 2018-12-14
  • No Bubble Here! How New Mortgage Standards Are Helping
    Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in ... read more
    Published on 2018-12-13
  • Don’t Get Caught in the Rental Trap in 2019
    Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone! According to the 2018 Bank of America Homebuyer ... read more
    Published on 2018-12-12
  • How to Simply Increase Your Family Wealth by Paying for Housing
    Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month ... read more
    Published on 2018-12-11
  • What If I Wait A Year to Buy a Home?
    National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – ... read more
    Published on 2018-12-10
  • The Tale of Two Markets [INFOGRAPHIC]
    Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and ... read more
    Published on 2018-12-07
  • 2008 vs. Now: Are Owners Using Their Homes as ATMs Again?
    Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at ... read more
    Published on 2018-12-06
  • Where Are Interest Rates Headed in 2019?
    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 2018-12-05
  • Homeowners Aged 65+ Have 48x More Net Worth Than Renters
    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same ... read more
    Published on 2018-12-04
  • 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 Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate ... read more
    Published on 2018-12-03
  • Home Prices Up 6.34% 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 2018-11-30
  • Further Proof It’s NOT 2008 All Over Again
    Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are suggesting that we are headed back ... read more
    Published on 2018-11-29
  • 24% of Renters Believe Winter is the Best Time to Buy a Home
    In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready ... read more
    Published on 2018-11-28
  • The #1 Reason to Not Wait Until Spring to Sell Your House
    Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most ... read more
    Published on 2018-11-27
  • Buyers: Don’t Be Surprised by Closing Costs!
    Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan ... read more
    Published on 2018-11-26
  • Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]
    Some Highlights: Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month. The inventory of existing homes is still below the 6-month supply needed for a normal market ... read more
    Published on 2018-11-23
  • Thank You for Your Support!
    Have a great holiday! Content previously posted on Keeping Current Matters ... read more
    Published on 2018-11-22
  • Will Your Side Hustle Buy You a House This Year?
    The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017.  Among millennials with incomes over $100,000 a year, the ... read more
    Published on 2018-11-21
  • Females Are Making It a Priority to Invest in Real Estate!
    Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2018, for the second year in a row, single female buyers accounted ... read more
    Published on 2018-11-20
  • 7 Reasons to List Your House For Sale This Holiday Season
    Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons ... read more
    Published on 2018-11-19
  • The Cost of Renting vs. Buying a Home [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 (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market is different. ... read more
    Published on 2018-11-16
  • Wage Increases Make Home Buying More Affordable
    Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because ... read more
    Published on 2018-11-15
  • Home Sellers in Q3 Netted $61K at Resale
    According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% ... read more
    Published on 2018-11-14
  • Are Homeowners Renovating to Sell or to Stay?
    Over the past few years, two trends have emerged in the housing market: Home renovations have shot up Inventory of homes available for sale on the market has dropped A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest ... read more
    Published on 2018-11-13
  • How to Honor a Veteran Today and Everyday
    One hundred years ago, on the eleventh hour of the eleventh day of the eleventh month, we marked the end of the “war to end all wars.” That day, which was to be observed annually on the eleventh day of the eleventh month, became known as Armistice Day and ... read more
    Published on 2018-11-12
  • VA Home Loans by the Numbers [INFOGRAPHIC]
    Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion was loaned to veterans and their families through ... read more
    Published on 2018-11-09
  • 75% of Renters Have Been Misinformed
    Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream ... read more
    Published on 2018-11-08
  • Why Has Housing Supply Increased as Sales Have Slowed Down?
    According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over ... read more
    Published on 2018-11-07
  • 5 Tips When Buying a Newly Constructed Home
    The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep ... read more
    Published on 2018-11-06
  • 2 Myths Holding Back Home Buyers
    Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an ... read more
    Published on 2018-11-05
  • The Difference an Hour Will Make This Fall [INFOGRAPHIC]
    Every Hour in the US Housing Market:  596 Homes Sell 278 Homes Regain Positive Equity Median Home Values Go Up $1.20 Content previously posted on Keeping Current Matters ... read more
    Published on 2018-11-02
  • How Will Home Sales Measure Up Next Year?
    There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources: Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully ... read more
    Published on 2018-11-01
  • Taking Fear Out of the Mortgage Process
    A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order ... read more
    Published on 2018-10-31
  • Are You Spending TOO Much on Rent?
    Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money ... read more
    Published on 2018-10-30
  • Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner
    With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own 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 2018-10-29
  • Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]
    Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts: 72% of buyers who purchased homes this year have put down less ... read more
    Published on 2018-10-26
  • Where are Home Values Headed over the Next Few Years?
    There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over ... read more
    Published on 2018-10-25
  • Still Think You Need 15-20% Down to Buy a Home? Think Again!
    According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will ... read more
    Published on 2018-10-24
  • Housing Is Still Affordable in the United States!
    Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing ... read more
    Published on 2018-10-23
  • Will Home Prices Continue to Increase?
    There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (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 as prices are not at peak levels ... read more
    Published on 2018-10-22
  • 20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC]
    Some 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 ... read more
    Published on 2018-10-19
  • Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?
    In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last year This increase in housing inventory has sparked ... read more
    Published on 2018-10-18
  • 5 Tips for Starting Your Home Search
    In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a recent realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights ... read more
    Published on 2018-10-17
  • Baby Boomers are Downsizing, Are You Ready to Move?
    For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame? Here’s what some of the experts have to say on the subject: Aaron Terrazas, Senior Economist at Zillow, says that ... read more
    Published on 2018-10-16
  • Pre-Approval: Your 1st Step in Buying a Home
    In many markets across the country, the number of buyers searching for their dream homes 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 2018-10-15
  • Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]
    Some Highlights: Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. The best way ... read more
    Published on 2018-10-12
  • Dispelling the Myth About Home Affordability
    We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last ... read more
    Published on 2018-10-11
  • New Home Sales Up 12.7% From Last Year
    According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July). The report also showed that builders have ramped up ... read more
    Published on 2018-10-10
  • What’s Going On With Home Prices?
    According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change, ... read more
    Published on 2018-10-09
  • The True 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 the entirety of America’s existence. Realtor.com reported that: “Buying remains the more attractive option in ... read more
    Published on 2018-10-08
  • Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC]
    Some Highlights: According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country. In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving the choice up to the individual ... read more
    Published on 2018-10-05
  • Are We About to Enter a Buyers’ Market?
    Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really ... read more
    Published on 2018-10-04
  • 2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling
    When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate ... read more
    Published on 2018-10-03
  • Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?
    Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year. In addition to the predictions ... read more
    Published on 2018-10-02
  • How Does the Supply of Homes for Sale Impact Buyer Demand?
    The price of any item is determined by the supply of that item, as well as the market’s demand for it. 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 ... read more
    Published on 2018-10-01
  • Should I Buy Now? Or Wait Until Next Year? [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 5.2% by the third quarter of ... read more
    Published on 2018-09-28
  • Are Home Prices Softening or Are They Falling?
    We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have ... read more
    Published on 2018-09-27
  • The Cost of NOT Paying PMI
    Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that ... read more
    Published on 2018-09-26
  • Where Are Mortgage Interest Rates Headed In 2019?
    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 2018-09-25
  • How Much Has Your Home Increased in Value?
    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 6.2% 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 the year-over-year increases ... read more
    Published on 2018-09-24
  • 4 Reasons to Sell This Fall [INFOGRAPHIC]
    Some Highlights: Housing inventory is still under the 6-month supply that is needed for a normal housing market. Buyers are often competing with one another for the listings that are available. Perhaps the time has come for you and your family to move on and start living ... read more
    Published on 2018-09-21
  • Is the Real Estate Market Finally Getting Back to Normal?
    The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey: After the bubble burst in June 2007, values depreciated ... read more
    Published on 2018-09-20
  • 25% of Homes with a Mortgage are Now Equity Rich!
    Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact ... read more
    Published on 2018-09-19
  • 25% of Homes with a Mortgage are Now Equity Rich!
    Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact ... read more
    Published on 2018-09-19
  • Home Prices: The Difference 5 Years Makes
    CoreLogic recently released their Home Price Index ReportOne of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared. The graph ... read more
    Published on 2018-09-18
  • Home Prices: The Difference 5 Years Makes
    CoreLogic recently released their Home Price Index ReportOne of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared. The graph ... read more
    Published on 2018-09-18
  • If You Are Thinking of Selling You Must Act NOW!
    If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and ... read more
    Published on 2018-09-17
  • If You Are Thinking of Selling? You Must Act NOW!
    If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and ... read more
    Published on 2018-09-17
  • Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]
    Some Highlights: According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding. Many young couples are saving for a wedding and a home at the same time. The average US wedding now costs ... read more
    Published on 2018-09-14
  • Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]
    Some Highlights: According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding. Many young couples are saving for a wedding and a home at the same time. The average US wedding now costs ... read more
    Published on 2018-09-14
  • Are Homebuyers Starting to Hit the ‘Pause’ Button?
    For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012. With this being said, three of the four major reports used to measure ... read more
    Published on 2018-09-13
  • Are Homebuyers Starting to Hit the ‘Pause’ Button?
    For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012. With this being said, three of the four major reports used to measure ... read more
    Published on 2018-09-13
  • Home Prices Have Appreciated 6.9% in 2018
    Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change ... read more
    Published on 2018-09-12
  • Home Prices Have Appreciated 6.9% in 2018
    Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change ... read more
    Published on 2018-09-12
  • NAR Reports Show It’s A Great Time to Sell!
    We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a ... read more
    Published on 2018-09-11
  • NAR Reports Show It’s A Great Time to Sell!
    We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a ... read more
    Published on 2018-09-11
  • 4 Reasons Why Fall 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 report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate ... read more
    Published on 2018-09-10
  • 4 Reasons Why Fall 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 report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate ... read more
    Published on 2018-09-10
  • Home Prices Up 6.49% 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 2018-09-07
  • What Does the Future Hold for Home Prices?
    Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has happened in the past as ... read more
    Published on 2018-09-06
  • Homeownership is a Dominant Gene
    There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents. Children are More Likely to Own a Home if Their Parents Did According to an analysis of millennial ... read more
    Published on 2018-09-05
  • Rents Are on The Rise: Don’t Get Caught in The Rental Trap!
    There are many benefits to homeownership, but 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: “Our national rent index is up 0.1 percent ... read more
    Published on 2018-09-04
  • 5 Reasons You Should Sell This Fall!
    Here are five reasons why listing your home for sale this fall 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 ... read more
    Published on 2018-09-03
  • A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]
    Some Highlights: Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most ‘educated’ decisions you can make! A real estate professional has the experience needed to help you through the entire process. Make sure that you ... read more
    Published on 2018-08-31
  • Why are Existing Home Sales Down?
    The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment ... read more
    Published on 2018-08-30
  • Top 3 Myths About Today’s Real Estate Market
    There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what ... read more
    Published on 2018-08-29
  • Home Sales Expected to Continue Increasing in 2019
    Freddie MacFannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie MacFannie Mae, and the Mortgage Bankers Association ... read more
    Published on 2018-08-28
  • 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 ... read more
    Published on 2018-08-27
  • What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]
    Some Highlights: The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West. The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purchase $115.74 worth of goods for ... read more
    Published on 2018-08-24
  • What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?
    Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all ... read more
    Published on 2018-08-23
  • Having Trouble Saving Enough for Your Down Payment? Crowdfund It!
    You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by ... read more
    Published on 2018-08-22
  • 5 Real Estate Reality TV Myths Explained
    Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re ... read more
    Published on 2018-08-21
  • The Net Worth of a Homeowner is 44x Greater Than A Renter!
    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase ... read more
    Published on 2018-08-20
  • 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 they hit 5% ... read more
    Published on 2018-08-17
  • Housing Market: Another Gigantic Difference Between 2008 and 2018
    Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there is a major ... read more
    Published on 2018-08-16
  • Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts
    It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries. What is ... read more
    Published on 2018-08-15
  • Have You Outgrown Your Starter Home?
    For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that ... read more
    Published on 2018-08-14
  • Are You Thinking of Selling Your Home? Competition Is Coming!
    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 building permits issued in June was ... read more
    Published on 2018-08-13
  • Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]
    Some Highlights: According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year. Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a ... read more
    Published on 2018-08-10
  • Supply & Demand Will Determine Future Home Values
    Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The ... read more
    Published on 2018-08-09
  • The Wave of Millennial Homebuyers Continues to Swell
    Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, ... read more
    Published on 2018-08-08
  • 5 Reasons to Hire a Real Estate Professional Before Entering the Market!
    Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to ... read more
    Published on 2018-08-07
  • Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!
    In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.”  Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it ... read more
    Published on 2018-08-06
  • 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! ... read more
    Published on 2018-08-03
  • Are Lending Standards Propping Up Home Prices?
    Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of ... read more
    Published on 2018-08-02
  • Buying Is Now 26.3% Cheaper Than Renting in the US
    The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first time ... read more
    Published on 2018-08-01
  • You Need an Agent Who Will Always Put You First
    Whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move to, as well as the trends of that area, should be your goal while home shopping. One ... read more
    Published on 2018-07-31
  • The #1 Reason to Put Your House on The Market TODAY!
    The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and ... read more
    Published on 2018-07-30
  • Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]
      Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years! The generations agree! Real estate is the best investment! Generation X leads the way with 37% believing in real estate as the top ... read more
    Published on 2018-07-27
  • 4 Reasons Why We Are Not Heading Toward Another Housing Bubble
    With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here are four key metrics that ... read more
    Published on 2018-07-26
  • Will Your Current House Fit Your Needs in Retirement?
    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 2018-07-25
  • Selling Your Home? Here’s 2 Ways to Get the Best Price!
    Every homeowner wants to make sure that 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 ways to ensure that you get the highest price possible. 1. Price it a Little Low ... read more
    Published on 2018-07-24
  • Lack of Listings Slowing Down the Market
    As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue ... read more
    Published on 2018-07-23
  • 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
  • What is the Cost of Waiting Until Next Year to Buy? [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 the end of ... read more
    Published on 2019-01-18
  • Last Chance! Homes are a Bargain Compared to Historic Norms
    A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The ... read more
    Published on 2019-01-17
  • Selling Your Home? Make Sure the Price is Right!
    If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting ... read more
    Published on 2019-01-16
  • Buying a Home Young is the Key to Building Wealth
    Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at ... read more
    Published on 2019-01-15
  • Buying a House This Year? This Should Be Your 1st Step!
    In many markets across the country, the number of buyers searching for their dream homes 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 that you are serious about buying your dream home is to ... read more
    Published on 2019-01-14
  • The 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 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes ... read more
    Published on 2019-01-11
  • The Best Time to List Your House? TODAY!
    You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still ... read more
    Published on 2019-01-10
  • Is the Recent Dip in Interest Rates Here to Stay?
    Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of ... read more
    Published on 2019-01-09
  • Buying A Vacation Property? Now Is A Good Time!
    Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate. For those homeowners staying at their first residence, AccuWeather warns: “The late-week ... read more
    Published on 2019-01-08
  • Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!
    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 2019-01-07
  • Top Renovations to Complete Before You Sell Your House [INFOGRAPHIC]
    Some Highlights: If you are planning on listing your house for sale this year, here are the top four home improvement projects that will net you the most Return on Investment (ROI). Minor bathroom renovations can go a long way toward improving the quality of your everyday life ... read more
    Published on 2019-01-04
  • Belief in Homeownership as an Investment is Far from Dead
    Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey ... read more
    Published on 2019-01-03
  • Excited About Buying A Home This Year? Here’s What to Watch
    As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of ... read more
    Published on 2019-01-02
  • Here’s to a Wonderful 2019!
    We hope 2019 is a great year for you, both personally and professionally! Content previously posted on Keeping Current Matters ... read more
    Published on 2019-01-01
  • Why You Should Not For Sale By Owner
    In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes 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 most sellers. ... read more
    Published on 2018-12-31
  • Where is the Housing Market Headed in 2019? [INFOGRAPHIC]
    Some Highlights: ­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a rate of 4.8% over the course of 2019 ... read more
    Published on 2018-12-28
  • 24 Hours that Suddenly Improved the Market
    This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales have now decreased for several months in a row. To many, the outlook heading ... read more
    Published on 2018-12-27
  • How to Save Thousands of Dollars in Interest on Your Mortgage
    One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to shorten that term which will actually end up saving ... read more
    Published on 2018-12-26
  • Thank You for All Your Support
    Content previously posted on Keeping Current Matters ... read more
    Published on 2018-12-25
  • What Makes a House a Home For You?
    We frequently talk about why it makes sense to buy a home financially, 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 a home can mean different things ... read more
    Published on 2018-12-24
  • Buyers Are Looking for Your Home, Now [INFOGRAPHIC]
    Some Highlights: Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months. The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month ... read more
    Published on 2018-12-21
  • 4 Quick Reasons NOT to Fear a Housing Crash
    There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago. Here are four reasons why today’s market is much different: 1. There are ... read more
    Published on 2018-12-20
  • Homeownership Remains a Huge Part of the American Dream
    As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices. This has been great news ... read more
    Published on 2018-12-19
  • Why Houses DO NOT Sell in a Strong Market
    As we approach the end of the year, many homeowners find themselves asking the question, “If we’re currently in a strong real estate market, why won’t my house sell? Below are the 5 most common reasons why a listing contract will expire: 1. The Price Sometimes when the ... read more
    Published on 2018-12-18
  • 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 strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are ... read more
    Published on 2018-12-17
  • 4 Reasons to Sell Your House 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 the ... read more
    Published on 2018-12-14
  • No Bubble Here! How New Mortgage Standards Are Helping
    Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in ... read more
    Published on 2018-12-13
  • Don’t Get Caught in the Rental Trap in 2019
    Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone! According to the 2018 Bank of America Homebuyer ... read more
    Published on 2018-12-12
  • How to Simply Increase Your Family Wealth by Paying for Housing
    Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month ... read more
    Published on 2018-12-11
  • What If I Wait A Year to Buy a Home?
    National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – ... read more
    Published on 2018-12-10
  • The Tale of Two Markets [INFOGRAPHIC]
    Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and ... read more
    Published on 2018-12-07
  • 2008 vs. Now: Are Owners Using Their Homes as ATMs Again?
    Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at ... read more
    Published on 2018-12-06
  • Where Are Interest Rates Headed in 2019?
    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 2018-12-05
  • Homeowners Aged 65+ Have 48x More Net Worth Than Renters
    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same ... read more
    Published on 2018-12-04
  • 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 Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate ... read more
    Published on 2018-12-03
  • Home Prices Up 6.34% 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 2018-11-30
  • Further Proof It’s NOT 2008 All Over Again
    Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are suggesting that we are headed back ... read more
    Published on 2018-11-29
  • 24% of Renters Believe Winter is the Best Time to Buy a Home
    In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready ... read more
    Published on 2018-11-28
  • The #1 Reason to Not Wait Until Spring to Sell Your House
    Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most ... read more
    Published on 2018-11-27
  • Buyers: Don’t Be Surprised by Closing Costs!
    Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan ... read more
    Published on 2018-11-26
  • Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]
    Some Highlights: Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month. The inventory of existing homes is still below the 6-month supply needed for a normal market ... read more
    Published on 2018-11-23
  • Thank You for Your Support!
    Have a great holiday! Content previously posted on Keeping Current Matters ... read more
    Published on 2018-11-22
  • Will Your Side Hustle Buy You a House This Year?
    The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017.  Among millennials with incomes over $100,000 a year, the ... read more
    Published on 2018-11-21
  • Females Are Making It a Priority to Invest in Real Estate!
    Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2018, for the second year in a row, single female buyers accounted ... read more
    Published on 2018-11-20
  • 7 Reasons to List Your House For Sale This Holiday Season
    Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons ... read more
    Published on 2018-11-19
  • The Cost of Renting vs. Buying a Home [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 (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market is different. ... read more
    Published on 2018-11-16
  • Wage Increases Make Home Buying More Affordable
    Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because ... read more
    Published on 2018-11-15
  • Home Sellers in Q3 Netted $61K at Resale
    According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% ... read more
    Published on 2018-11-14
  • Are Homeowners Renovating to Sell or to Stay?
    Over the past few years, two trends have emerged in the housing market: Home renovations have shot up Inventory of homes available for sale on the market has dropped A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest ... read more
    Published on 2018-11-13
  • How to Honor a Veteran Today and Everyday
    One hundred years ago, on the eleventh hour of the eleventh day of the eleventh month, we marked the end of the “war to end all wars.” That day, which was to be observed annually on the eleventh day of the eleventh month, became known as Armistice Day and ... read more
    Published on 2018-11-12
  • VA Home Loans by the Numbers [INFOGRAPHIC]
    Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion was loaned to veterans and their families through ... read more
    Published on 2018-11-09
  • 75% of Renters Have Been Misinformed
    Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream ... read more
    Published on 2018-11-08
  • Why Has Housing Supply Increased as Sales Have Slowed Down?
    According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over ... read more
    Published on 2018-11-07
  • 5 Tips When Buying a Newly Constructed Home
    The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep ... read more
    Published on 2018-11-06
  • 2 Myths Holding Back Home Buyers
    Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an ... read more
    Published on 2018-11-05
  • The Difference an Hour Will Make This Fall [INFOGRAPHIC]
    Every Hour in the US Housing Market:  596 Homes Sell 278 Homes Regain Positive Equity Median Home Values Go Up $1.20 Content previously posted on Keeping Current Matters ... read more
    Published on 2018-11-02
  • How Will Home Sales Measure Up Next Year?
    There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources: Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully ... read more
    Published on 2018-11-01
  • Taking Fear Out of the Mortgage Process
    A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order ... read more
    Published on 2018-10-31
  • Are You Spending TOO Much on Rent?
    Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money ... read more
    Published on 2018-10-30
  • Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner
    With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own 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 2018-10-29
  • Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]
    Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts: 72% of buyers who purchased homes this year have put down less ... read more
    Published on 2018-10-26
  • Where are Home Values Headed over the Next Few Years?
    There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over ... read more
    Published on 2018-10-25
  • Still Think You Need 15-20% Down to Buy a Home? Think Again!
    According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will ... read more
    Published on 2018-10-24
  • Housing Is Still Affordable in the United States!
    Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing ... read more
    Published on 2018-10-23
  • Will Home Prices Continue to Increase?
    There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (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 as prices are not at peak levels ... read more
    Published on 2018-10-22
  • 20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC]
    Some 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 ... read more
    Published on 2018-10-19
  • Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?
    In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last year This increase in housing inventory has sparked ... read more
    Published on 2018-10-18
  • 5 Tips for Starting Your Home Search
    In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a recent realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights ... read more
    Published on 2018-10-17
  • Baby Boomers are Downsizing, Are You Ready to Move?
    For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame? Here’s what some of the experts have to say on the subject: Aaron Terrazas, Senior Economist at Zillow, says that ... read more
    Published on 2018-10-16
  • Pre-Approval: Your 1st Step in Buying a Home
    In many markets across the country, the number of buyers searching for their dream homes 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 2018-10-15
  • Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]
    Some Highlights: Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. The best way ... read more
    Published on 2018-10-12
  • Dispelling the Myth About Home Affordability
    We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last ... read more
    Published on 2018-10-11
  • New Home Sales Up 12.7% From Last Year
    According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July). The report also showed that builders have ramped up ... read more
    Published on 2018-10-10
  • What’s Going On With Home Prices?
    According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change, ... read more
    Published on 2018-10-09
  • The True 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 the entirety of America’s existence. Realtor.com reported that: “Buying remains the more attractive option in ... read more
    Published on 2018-10-08
  • Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC]
    Some Highlights: According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country. In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving the choice up to the individual ... read more
    Published on 2018-10-05
  • Are We About to Enter a Buyers’ Market?
    Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really ... read more
    Published on 2018-10-04
  • 2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling
    When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate ... read more
    Published on 2018-10-03
  • Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?
    Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year. In addition to the predictions ... read more
    Published on 2018-10-02
  • How Does the Supply of Homes for Sale Impact Buyer Demand?
    The price of any item is determined by the supply of that item, as well as the market’s demand for it. 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 ... read more
    Published on 2018-10-01
  • Should I Buy Now? Or Wait Until Next Year? [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 5.2% by the third quarter of ... read more
    Published on 2018-09-28
  • Are Home Prices Softening or Are They Falling?
    We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have ... read more
    Published on 2018-09-27
  • The Cost of NOT Paying PMI
    Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that ... read more
    Published on 2018-09-26
  • Where Are Mortgage Interest Rates Headed In 2019?
    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 2018-09-25
  • How Much Has Your Home Increased in Value?
    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 6.2% 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 the year-over-year increases ... read more
    Published on 2018-09-24
  • 4 Reasons to Sell This Fall [INFOGRAPHIC]
    Some Highlights: Housing inventory is still under the 6-month supply that is needed for a normal housing market. Buyers are often competing with one another for the listings that are available. Perhaps the time has come for you and your family to move on and start living ... read more
    Published on 2018-09-21
  • Is the Real Estate Market Finally Getting Back to Normal?
    The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey: After the bubble burst in June 2007, values depreciated ... read more
    Published on 2018-09-20
  • 25% of Homes with a Mortgage are Now Equity Rich!
    Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact ... read more
    Published on 2018-09-19
  • 25% of Homes with a Mortgage are Now Equity Rich!
    Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact ... read more
    Published on 2018-09-19
  • Home Prices: The Difference 5 Years Makes
    CoreLogic recently released their Home Price Index ReportOne of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared. The graph ... read more
    Published on 2018-09-18
  • Home Prices: The Difference 5 Years Makes
    CoreLogic recently released their Home Price Index ReportOne of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared. The graph ... read more
    Published on 2018-09-18
  • If You Are Thinking of Selling You Must Act NOW!
    If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and ... read more
    Published on 2018-09-17
  • If You Are Thinking of Selling? You Must Act NOW!
    If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and ... read more
    Published on 2018-09-17
  • Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]
    Some Highlights: According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding. Many young couples are saving for a wedding and a home at the same time. The average US wedding now costs ... read more
    Published on 2018-09-14
  • Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]
    Some Highlights: According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding. Many young couples are saving for a wedding and a home at the same time. The average US wedding now costs ... read more
    Published on 2018-09-14
  • Are Homebuyers Starting to Hit the ‘Pause’ Button?
    For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012. With this being said, three of the four major reports used to measure ... read more
    Published on 2018-09-13
  • Are Homebuyers Starting to Hit the ‘Pause’ Button?
    For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012. With this being said, three of the four major reports used to measure ... read more
    Published on 2018-09-13
  • Home Prices Have Appreciated 6.9% in 2018
    Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change ... read more
    Published on 2018-09-12
  • Home Prices Have Appreciated 6.9% in 2018
    Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change ... read more
    Published on 2018-09-12
  • NAR Reports Show It’s A Great Time to Sell!
    We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a ... read more
    Published on 2018-09-11
  • NAR Reports Show It’s A Great Time to Sell!
    We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a ... read more
    Published on 2018-09-11
  • 4 Reasons Why Fall 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 report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate ... read more
    Published on 2018-09-10
  • 4 Reasons Why Fall 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 report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate ... read more
    Published on 2018-09-10
  • Home Prices Up 6.49% 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 2018-09-07
  • What Does the Future Hold for Home Prices?
    Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has happened in the past as ... read more
    Published on 2018-09-06
  • Homeownership is a Dominant Gene
    There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents. Children are More Likely to Own a Home if Their Parents Did According to an analysis of millennial ... read more
    Published on 2018-09-05
  • Rents Are on The Rise: Don’t Get Caught in The Rental Trap!
    There are many benefits to homeownership, but 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: “Our national rent index is up 0.1 percent ... read more
    Published on 2018-09-04
  • 5 Reasons You Should Sell This Fall!
    Here are five reasons why listing your home for sale this fall 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 ... read more
    Published on 2018-09-03
  • A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]
    Some Highlights: Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most ‘educated’ decisions you can make! A real estate professional has the experience needed to help you through the entire process. Make sure that you ... read more
    Published on 2018-08-31
  • Why are Existing Home Sales Down?
    The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment ... read more
    Published on 2018-08-30
  • Top 3 Myths About Today’s Real Estate Market
    There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what ... read more
    Published on 2018-08-29
  • Home Sales Expected to Continue Increasing in 2019
    Freddie MacFannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie MacFannie Mae, and the Mortgage Bankers Association ... read more
    Published on 2018-08-28
  • 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 ... read more
    Published on 2018-08-27
  • What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]
    Some Highlights: The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West. The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purchase $115.74 worth of goods for ... read more
    Published on 2018-08-24
  • What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?
    Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all ... read more
    Published on 2018-08-23
  • Having Trouble Saving Enough for Your Down Payment? Crowdfund It!
    You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by ... read more
    Published on 2018-08-22
  • 5 Real Estate Reality TV Myths Explained
    Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re ... read more
    Published on 2018-08-21
  • The Net Worth of a Homeowner is 44x Greater Than A Renter!
    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase ... read more
    Published on 2018-08-20
  • 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 they hit 5% ... read more
    Published on 2018-08-17
  • Housing Market: Another Gigantic Difference Between 2008 and 2018
    Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there is a major ... read more
    Published on 2018-08-16
  • Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts
    It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries. What is ... read more
    Published on 2018-08-15
  • Have You Outgrown Your Starter Home?
    For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that ... read more
    Published on 2018-08-14
  • Are You Thinking of Selling Your Home? Competition Is Coming!
    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 building permits issued in June was ... read more
    Published on 2018-08-13
  • Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]
    Some Highlights: According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year. Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a ... read more
    Published on 2018-08-10
  • Supply & Demand Will Determine Future Home Values
    Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The ... read more
    Published on 2018-08-09
  • The Wave of Millennial Homebuyers Continues to Swell
    Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, ... read more
    Published on 2018-08-08
  • 5 Reasons to Hire a Real Estate Professional Before Entering the Market!
    Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to ... read more
    Published on 2018-08-07
  • Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!
    In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.”  Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it ... read more
    Published on 2018-08-06
  • 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! ... read more
    Published on 2018-08-03
  • Are Lending Standards Propping Up Home Prices?
    Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of ... read more
    Published on 2018-08-02
  • Buying Is Now 26.3% Cheaper Than Renting in the US
    The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first time ... read more
    Published on 2018-08-01
  • You Need an Agent Who Will Always Put You First
    Whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move to, as well as the trends of that area, should be your goal while home shopping. One ... read more
    Published on 2018-07-31
  • The #1 Reason to Put Your House on The Market TODAY!
    The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and ... read more
    Published on 2018-07-30
  • Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]
      Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years! The generations agree! Real estate is the best investment! Generation X leads the way with 37% believing in real estate as the top ... read more
    Published on 2018-07-27
  • 4 Reasons Why We Are Not Heading Toward Another Housing Bubble
    With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here are four key metrics that ... read more
    Published on 2018-07-26
  • Will Your Current House Fit Your Needs in Retirement?
    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 2018-07-25
  • Selling Your Home? Here’s 2 Ways to Get the Best Price!
    Every homeowner wants to make sure that 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 ways to ensure that you get the highest price possible. 1. Price it a Little Low ... read more
    Published on 2018-07-24
  • Lack of Listings Slowing Down the Market
    As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue ... read more
    Published on 2018-07-23
  • 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
  • What is the Cost of Waiting Until Next Year to Buy? [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 the end of ... read more
    Published on 2019-01-18
  • Last Chance! Homes are a Bargain Compared to Historic Norms
    A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The ... read more
    Published on 2019-01-17
  • Selling Your Home? Make Sure the Price is Right!
    If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting ... read more
    Published on 2019-01-16
  • Buying a Home Young is the Key to Building Wealth
    Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at ... read more
    Published on 2019-01-15
  • Buying a House This Year? This Should Be Your 1st Step!
    In many markets across the country, the number of buyers searching for their dream homes 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 that you are serious about buying your dream home is to ... read more
    Published on 2019-01-14
  • The 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 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes ... read more
    Published on 2019-01-11
  • The Best Time to List Your House? TODAY!
    You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still ... read more
    Published on 2019-01-10
  • Is the Recent Dip in Interest Rates Here to Stay?
    Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of ... read more
    Published on 2019-01-09
  • Buying A Vacation Property? Now Is A Good Time!
    Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate. For those homeowners staying at their first residence, AccuWeather warns: “The late-week ... read more
    Published on 2019-01-08
  • Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!
    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 2019-01-07
  • Top Renovations to Complete Before You Sell Your House [INFOGRAPHIC]
    Some Highlights: If you are planning on listing your house for sale this year, here are the top four home improvement projects that will net you the most Return on Investment (ROI). Minor bathroom renovations can go a long way toward improving the quality of your everyday life ... read more
    Published on 2019-01-04
  • Belief in Homeownership as an Investment is Far from Dead
    Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey ... read more
    Published on 2019-01-03
  • Excited About Buying A Home This Year? Here’s What to Watch
    As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of ... read more
    Published on 2019-01-02
  • Here’s to a Wonderful 2019!
    We hope 2019 is a great year for you, both personally and professionally! Content previously posted on Keeping Current Matters ... read more
    Published on 2019-01-01
  • Why You Should Not For Sale By Owner
    In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes 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 most sellers. ... read more
    Published on 2018-12-31
  • Where is the Housing Market Headed in 2019? [INFOGRAPHIC]
    Some Highlights: ­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a rate of 4.8% over the course of 2019 ... read more
    Published on 2018-12-28
  • 24 Hours that Suddenly Improved the Market
    This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales have now decreased for several months in a row. To many, the outlook heading ... read more
    Published on 2018-12-27
  • How to Save Thousands of Dollars in Interest on Your Mortgage
    One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to shorten that term which will actually end up saving ... read more
    Published on 2018-12-26
  • Thank You for All Your Support
    Content previously posted on Keeping Current Matters ... read more
    Published on 2018-12-25
  • What Makes a House a Home For You?
    We frequently talk about why it makes sense to buy a home financially, 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 a home can mean different things ... read more
    Published on 2018-12-24
  • Buyers Are Looking for Your Home, Now [INFOGRAPHIC]
    Some Highlights: Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months. The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month ... read more
    Published on 2018-12-21
  • 4 Quick Reasons NOT to Fear a Housing Crash
    There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago. Here are four reasons why today’s market is much different: 1. There are ... read more
    Published on 2018-12-20
  • Homeownership Remains a Huge Part of the American Dream
    As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices. This has been great news ... read more
    Published on 2018-12-19
  • Why Houses DO NOT Sell in a Strong Market
    As we approach the end of the year, many homeowners find themselves asking the question, “If we’re currently in a strong real estate market, why won’t my house sell? Below are the 5 most common reasons why a listing contract will expire: 1. The Price Sometimes when the ... read more
    Published on 2018-12-18
  • 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 strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are ... read more
    Published on 2018-12-17
  • 4 Reasons to Sell Your House 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 the ... read more
    Published on 2018-12-14
  • No Bubble Here! How New Mortgage Standards Are Helping
    Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in ... read more
    Published on 2018-12-13
  • Don’t Get Caught in the Rental Trap in 2019
    Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone! According to the 2018 Bank of America Homebuyer ... read more
    Published on 2018-12-12
  • How to Simply Increase Your Family Wealth by Paying for Housing
    Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month ... read more
    Published on 2018-12-11
  • What If I Wait A Year to Buy a Home?
    National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – ... read more
    Published on 2018-12-10
  • The Tale of Two Markets [INFOGRAPHIC]
    Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and ... read more
    Published on 2018-12-07
  • 2008 vs. Now: Are Owners Using Their Homes as ATMs Again?
    Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at ... read more
    Published on 2018-12-06
  • Where Are Interest Rates Headed in 2019?
    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 2018-12-05
  • Homeowners Aged 65+ Have 48x More Net Worth Than Renters
    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same ... read more
    Published on 2018-12-04
  • 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 Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate ... read more
    Published on 2018-12-03
  • Home Prices Up 6.34% 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 2018-11-30
  • Further Proof It’s NOT 2008 All Over Again
    Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are suggesting that we are headed back ... read more
    Published on 2018-11-29
  • 24% of Renters Believe Winter is the Best Time to Buy a Home
    In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready ... read more
    Published on 2018-11-28
  • The #1 Reason to Not Wait Until Spring to Sell Your House
    Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most ... read more
    Published on 2018-11-27
  • Buyers: Don’t Be Surprised by Closing Costs!
    Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan ... read more
    Published on 2018-11-26
  • Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]
    Some Highlights: Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month. The inventory of existing homes is still below the 6-month supply needed for a normal market ... read more
    Published on 2018-11-23
  • Thank You for Your Support!
    Have a great holiday! Content previously posted on Keeping Current Matters ... read more
    Published on 2018-11-22
  • Will Your Side Hustle Buy You a House This Year?
    The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017.  Among millennials with incomes over $100,000 a year, the ... read more
    Published on 2018-11-21
  • Females Are Making It a Priority to Invest in Real Estate!
    Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2018, for the second year in a row, single female buyers accounted ... read more
    Published on 2018-11-20
  • 7 Reasons to List Your House For Sale This Holiday Season
    Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons ... read more
    Published on 2018-11-19
  • The Cost of Renting vs. Buying a Home [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 (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market is different. ... read more
    Published on 2018-11-16
  • Wage Increases Make Home Buying More Affordable
    Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because ... read more
    Published on 2018-11-15
  • Home Sellers in Q3 Netted $61K at Resale
    According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% ... read more
    Published on 2018-11-14
  • Are Homeowners Renovating to Sell or to Stay?
    Over the past few years, two trends have emerged in the housing market: Home renovations have shot up Inventory of homes available for sale on the market has dropped A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest ... read more
    Published on 2018-11-13
  • How to Honor a Veteran Today and Everyday
    One hundred years ago, on the eleventh hour of the eleventh day of the eleventh month, we marked the end of the “war to end all wars.” That day, which was to be observed annually on the eleventh day of the eleventh month, became known as Armistice Day and ... read more
    Published on 2018-11-12
  • VA Home Loans by the Numbers [INFOGRAPHIC]
    Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion was loaned to veterans and their families through ... read more
    Published on 2018-11-09
  • 75% of Renters Have Been Misinformed
    Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream ... read more
    Published on 2018-11-08
  • Why Has Housing Supply Increased as Sales Have Slowed Down?
    According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over ... read more
    Published on 2018-11-07
  • 5 Tips When Buying a Newly Constructed Home
    The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep ... read more
    Published on 2018-11-06
  • 2 Myths Holding Back Home Buyers
    Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an ... read more
    Published on 2018-11-05
  • The Difference an Hour Will Make This Fall [INFOGRAPHIC]
    Every Hour in the US Housing Market:  596 Homes Sell 278 Homes Regain Positive Equity Median Home Values Go Up $1.20 Content previously posted on Keeping Current Matters ... read more
    Published on 2018-11-02
  • How Will Home Sales Measure Up Next Year?
    There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources: Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully ... read more
    Published on 2018-11-01
  • Taking Fear Out of the Mortgage Process
    A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order ... read more
    Published on 2018-10-31
  • Are You Spending TOO Much on Rent?
    Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money ... read more
    Published on 2018-10-30
  • Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner
    With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own 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 2018-10-29
  • Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]
    Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts: 72% of buyers who purchased homes this year have put down less ... read more
    Published on 2018-10-26
  • Where are Home Values Headed over the Next Few Years?
    There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over ... read more
    Published on 2018-10-25
  • Still Think You Need 15-20% Down to Buy a Home? Think Again!
    According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will ... read more
    Published on 2018-10-24
  • Housing Is Still Affordable in the United States!
    Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing ... read more
    Published on 2018-10-23
  • Will Home Prices Continue to Increase?
    There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (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 as prices are not at peak levels ... read more
    Published on 2018-10-22
  • 20 Tips for Preparing Your House for Sale This Fall [INFOGRAPHIC]
    Some 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 ... read more
    Published on 2018-10-19
  • Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?
    In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last year This increase in housing inventory has sparked ... read more
    Published on 2018-10-18
  • 5 Tips for Starting Your Home Search
    In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a recent realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights ... read more
    Published on 2018-10-17
  • Baby Boomers are Downsizing, Are You Ready to Move?
    For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame? Here’s what some of the experts have to say on the subject: Aaron Terrazas, Senior Economist at Zillow, says that ... read more
    Published on 2018-10-16
  • Pre-Approval: Your 1st Step in Buying a Home
    In many markets across the country, the number of buyers searching for their dream homes 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 2018-10-15
  • Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]
    Some Highlights: Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. The best way ... read more
    Published on 2018-10-12
  • Dispelling the Myth About Home Affordability
    We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last ... read more
    Published on 2018-10-11
  • New Home Sales Up 12.7% From Last Year
    According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July). The report also showed that builders have ramped up ... read more
    Published on 2018-10-10
  • What’s Going On With Home Prices?
    According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change, ... read more
    Published on 2018-10-09
  • The True 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 the entirety of America’s existence. Realtor.com reported that: “Buying remains the more attractive option in ... read more
    Published on 2018-10-08
  • Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC]
    Some Highlights: According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country. In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving the choice up to the individual ... read more
    Published on 2018-10-05
  • Are We About to Enter a Buyers’ Market?
    Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really ... read more
    Published on 2018-10-04
  • 2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling
    When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate ... read more
    Published on 2018-10-03
  • Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?
    Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year. In addition to the predictions ... read more
    Published on 2018-10-02
  • How Does the Supply of Homes for Sale Impact Buyer Demand?
    The price of any item is determined by the supply of that item, as well as the market’s demand for it. 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 ... read more
    Published on 2018-10-01
  • Should I Buy Now? Or Wait Until Next Year? [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 5.2% by the third quarter of ... read more
    Published on 2018-09-28
  • Are Home Prices Softening or Are They Falling?
    We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have ... read more
    Published on 2018-09-27
  • The Cost of NOT Paying PMI
    Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that ... read more
    Published on 2018-09-26
  • Where Are Mortgage Interest Rates Headed In 2019?
    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 2018-09-25
  • How Much Has Your Home Increased in Value?
    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 6.2% 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 the year-over-year increases ... read more
    Published on 2018-09-24
  • 4 Reasons to Sell This Fall [INFOGRAPHIC]
    Some Highlights: Housing inventory is still under the 6-month supply that is needed for a normal housing market. Buyers are often competing with one another for the listings that are available. Perhaps the time has come for you and your family to move on and start living ... read more
    Published on 2018-09-21
  • Is the Real Estate Market Finally Getting Back to Normal?
    The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey: After the bubble burst in June 2007, values depreciated ... read more
    Published on 2018-09-20
  • 25% of Homes with a Mortgage are Now Equity Rich!
    Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact ... read more
    Published on 2018-09-19
  • 25% of Homes with a Mortgage are Now Equity Rich!
    Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact ... read more
    Published on 2018-09-19
  • Home Prices: The Difference 5 Years Makes
    CoreLogic recently released their Home Price Index ReportOne of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared. The graph ... read more
    Published on 2018-09-18
  • Home Prices: The Difference 5 Years Makes
    CoreLogic recently released their Home Price Index ReportOne of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared. The graph ... read more
    Published on 2018-09-18
  • If You Are Thinking of Selling You Must Act NOW!
    If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and ... read more
    Published on 2018-09-17
  • If You Are Thinking of Selling? You Must Act NOW!
    If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and ... read more
    Published on 2018-09-17
  • Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]
    Some Highlights: According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding. Many young couples are saving for a wedding and a home at the same time. The average US wedding now costs ... read more
    Published on 2018-09-14
  • Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]
    Some Highlights: According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding. Many young couples are saving for a wedding and a home at the same time. The average US wedding now costs ... read more
    Published on 2018-09-14
  • Are Homebuyers Starting to Hit the ‘Pause’ Button?
    For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012. With this being said, three of the four major reports used to measure ... read more
    Published on 2018-09-13
  • Are Homebuyers Starting to Hit the ‘Pause’ Button?
    For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012. With this being said, three of the four major reports used to measure ... read more
    Published on 2018-09-13
  • Home Prices Have Appreciated 6.9% in 2018
    Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change ... read more
    Published on 2018-09-12
  • Home Prices Have Appreciated 6.9% in 2018
    Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change ... read more
    Published on 2018-09-12
  • NAR Reports Show It’s A Great Time to Sell!
    We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a ... read more
    Published on 2018-09-11
  • NAR Reports Show It’s A Great Time to Sell!
    We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a ... read more
    Published on 2018-09-11
  • 4 Reasons Why Fall 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 report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate ... read more
    Published on 2018-09-10
  • 4 Reasons Why Fall 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 report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate ... read more
    Published on 2018-09-10
  • Home Prices Up 6.49% 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 2018-09-07
  • What Does the Future Hold for Home Prices?
    Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has happened in the past as ... read more
    Published on 2018-09-06
  • Homeownership is a Dominant Gene
    There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents. Children are More Likely to Own a Home if Their Parents Did According to an analysis of millennial ... read more
    Published on 2018-09-05
  • Rents Are on The Rise: Don’t Get Caught in The Rental Trap!
    There are many benefits to homeownership, but 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: “Our national rent index is up 0.1 percent ... read more
    Published on 2018-09-04
  • 5 Reasons You Should Sell This Fall!
    Here are five reasons why listing your home for sale this fall 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 ... read more
    Published on 2018-09-03
  • A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]
    Some Highlights: Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most ‘educated’ decisions you can make! A real estate professional has the experience needed to help you through the entire process. Make sure that you ... read more
    Published on 2018-08-31
  • Why are Existing Home Sales Down?
    The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment ... read more
    Published on 2018-08-30
  • Top 3 Myths About Today’s Real Estate Market
    There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what ... read more
    Published on 2018-08-29
  • Home Sales Expected to Continue Increasing in 2019
    Freddie MacFannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie MacFannie Mae, and the Mortgage Bankers Association ... read more
    Published on 2018-08-28
  • 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 ... read more
    Published on 2018-08-27
  • What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]
    Some Highlights: The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West. The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purchase $115.74 worth of goods for ... read more
    Published on 2018-08-24
  • What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?
    Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all ... read more
    Published on 2018-08-23
  • Having Trouble Saving Enough for Your Down Payment? Crowdfund It!
    You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by ... read more
    Published on 2018-08-22
  • 5 Real Estate Reality TV Myths Explained
    Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re ... read more
    Published on 2018-08-21
  • The Net Worth of a Homeowner is 44x Greater Than A Renter!
    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase ... read more
    Published on 2018-08-20
  • 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 they hit 5% ... read more
    Published on 2018-08-17
  • Housing Market: Another Gigantic Difference Between 2008 and 2018
    Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there is a major ... read more
    Published on 2018-08-16
  • Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts
    It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries. What is ... read more
    Published on 2018-08-15
  • Have You Outgrown Your Starter Home?
    For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that ... read more
    Published on 2018-08-14
  • Are You Thinking of Selling Your Home? Competition Is Coming!
    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 building permits issued in June was ... read more
    Published on 2018-08-13
  • Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]
    Some Highlights: According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year. Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a ... read more
    Published on 2018-08-10
  • Supply & Demand Will Determine Future Home Values
    Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The ... read more
    Published on 2018-08-09
  • The Wave of Millennial Homebuyers Continues to Swell
    Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, ... read more
    Published on 2018-08-08
  • 5 Reasons to Hire a Real Estate Professional Before Entering the Market!
    Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to ... read more
    Published on 2018-08-07
  • Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!
    In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.”  Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it ... read more
    Published on 2018-08-06
  • 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! ... read more
    Published on 2018-08-03
  • Are Lending Standards Propping Up Home Prices?
    Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of ... read more
    Published on 2018-08-02
  • Buying Is Now 26.3% Cheaper Than Renting in the US
    The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first time ... read more
    Published on 2018-08-01
  • You Need an Agent Who Will Always Put You First
    Whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move to, as well as the trends of that area, should be your goal while home shopping. One ... read more
    Published on 2018-07-31
  • The #1 Reason to Put Your House on The Market TODAY!
    The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and ... read more
    Published on 2018-07-30
  • Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]
      Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years! The generations agree! Real estate is the best investment! Generation X leads the way with 37% believing in real estate as the top ... read more
    Published on 2018-07-27
  • 4 Reasons Why We Are Not Heading Toward Another Housing Bubble
    With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here are four key metrics that ... read more
    Published on 2018-07-26
  • Will Your Current House Fit Your Needs in Retirement?
    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 2018-07-25
  • Selling Your Home? Here’s 2 Ways to Get the Best Price!
    Every homeowner wants to make sure that 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 ways to ensure that you get the highest price possible. 1. Price it a Little Low ... read more
    Published on 2018-07-24
  • Lack of Listings Slowing Down the Market
    As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue ... read more
    Published on 2018-07-23
  • 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