For Buyers

Where Are the Home Prices Heading in The Next 5 Years?

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers /

Where Are the Home Prices Heading in The Next 5 Years? | Simplifying The MarketToday, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They […]

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Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750

First Time Home Buyers, For Buyers, Move-Up Buyers /

Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750 | Simplifying The MarketThe results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because […]

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Home Prices Up 6.64% Across the Country! [INFOGRAPHIC]

For Buyers, For Sellers, Infographics, Move-Up Buyers /

Home Prices Up 6.64% Across the Country! [INFOGRAPHIC] | Simplifying The Market

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!
  • Alaska & West Virginia were the only states where home prices are lower than they were last year.

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Want to Keep Up with the Joneses? Now’s the Time

For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers /

Want to Keep Up with the Joneses? Now’s the Time | Simplifying The MarketDoes your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other for those who are looking to make […]

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More Boomerang Buyers Are about to Enter the Market

For Buyers, Housing Market Updates /

More Boomerang Buyers Are about to Enter the Market | Simplifying The MarketWe previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that […]

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58% of Homeowners See a Drop in Home Values Coming

For Buyers, Housing Market Updates, Move-Up Buyers /

58% of Homeowners See a Drop in Home Values Coming | Simplifying The MarketAccording to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very […]

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Homeowner’s Net Worth Is Still Greater Than a Renter’s

First Time Home Buyers, For Buyers, Move-Up Buyers /

Homeowner’s Net Worth Is Still Greater Than a Renter’s | Simplifying The MarketEvery three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will […]

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What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

For Buyers, For Sellers, Infographics /

What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Thinking of moving across the country? How far will your money take you?
  • The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.
  • The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $116.01 worth of goods for $100.

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How Long Do Most Families Stay in Their Home?

For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers /

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that 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, for over twenty years (1985-2008), the median […]

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Millennial Homeownership Rate Increases

First Time Home Buyers, For Buyers, Housing Market Updates /

Millennial Homeownership Rate Increases | Simplifying The MarketRecent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to […]

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