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% o…
Where is the Housing Market Headed in 2019? [INFOGRAPHIC] Read More »
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 into 2019 appeared dim… at best. […]
24 Hours that Suddenly Improved the Market Read More »
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…
Buyers Are Looking for Your Home, Now [INFOGRAPHIC] Read More »
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 fewer foreclosures now than there were […]
4 Quick Reasons NOT to Fear a Housing Crash Read More »
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 for sellers as many of them […]
Homeownership Remains a Huge Part of the American Dream Read More »
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 2008. As it becomes easier for […]
No Bubble Here! How New Mortgage Standards Are Helping Read More »
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’ – where home values are headed over […]
What If I Wait A Year to Buy a Home? Read More »
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!
Invent…
The Tale of Two Markets [INFOGRAPHIC] Read More »
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 the numbers shows that homeowners are […]
2008 vs. Now: Are Owners Using Their Homes as ATMs Again? Read More »
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 time, the median net worth of […]
Homeowners Aged 65+ Have 48x More Net Worth Than Renters Read More »