Housing Market Updates

How Does the Supply of Homes for Sale Impact Buyer Demand?

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / Marie Miller and Vera Jacques

The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise. The price of any item is determined by supply, as well as the market’s demand for the item. The National […]

How Does the Supply of Homes for Sale Impact Buyer Demand? Read More »

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers, Rent vs. Buy / Marie Miller and Vera Jacques

Some Highlights:

The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
If you’re ready and willing to buy your dream home, now is a great time to buy.

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] Read More »

Homeowners Are Happy! Renters? Not So Much.

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy / Marie Miller and Vera Jacques

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% […]

Homeowners Are Happy! Renters? Not So Much. Read More »

Are You Ready for the ‘Black Friday’ of Real Estate?

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / Marie Miller and Vera Jacques

According to a new study from realtor.com, the week of September 22 is the best time of year to buy a home, making it ‘Black Friday’ for homebuyers. Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when […]

Are You Ready for the ‘Black Friday’ of Real Estate? Read More »

Are You Ready for the ‘Black Friday’ of Real Estate?

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / Marie Miller and Vera Jacques

Are You Ready for the ‘Black Friday’ of Real Estate? Read More »

Should You Fix Your House Up or Sell Now?

For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / Marie Miller and Vera Jacques

If you’re thinking about remodeling your house before you list it, take a look at these three tips to help you decide if you really need to fix it up before you sell. The answer may surprise you. With the fall season upon us, change is in the air. For many families, children are growing […]

Should You Fix Your House Up or Sell Now? Read More »

Is Your House “Priced to Sell Immediately”?

For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / Marie Miller and Vera Jacques

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year […]

Is Your House “Priced to Sell Immediately”? Read More »

4 Reasons to Sell This Fall [INFOGRAPHIC]

For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers / Marie Miller and Vera Jacques

Some Highlights:

Buyers are active in the market and often competing with one another for available listings.
Housing inventory is still under the 6-month supply found in a normal housing market.
Homes are still selling relatively quickly, averaging 31 days on the market.

4 Reasons to Sell This Fall [INFOGRAPHIC] Read More »

One of the Top Reasons to Own a Home

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy / Marie Miller and Vera Jacques

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and […]

One of the Top Reasons to Own a Home Read More »

Home Prices Increase in Every Price Range

For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers / Marie Miller and Vera Jacques

Price appreciation can differ depending on your price range. CoreLogic analyzed four individual home prices tiers and shares the increase in each one. CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also […]