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4 Reasons to Buy This Fall

4 Reasons to Buy This Fall | Simplifying The MarketIt’s that time of year; the seasons are changing and with them come thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether or not now is the right time to buy don’t have to look much further to find four great reasons to consider buying a home now, instead of waiting.

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Foreclosure Rate Drops to Pre-Crisis Levels [INFOGRAPHIC]

Some Highlights:Only 2.9% of homes are in serious delinquency, down 17.1% from July 2015.This is the 57th consecutive month with a year-over-year decline.The national foreclosure rate has returned to August 2007 levels, at only 0.9%.

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5 Stats That Prove the Real Estate Market Is Getting Stronger

5 Stats that Prove the Real Estate Market is Getting Stronger | Simplifying The MarketWhenever there is talk about an improving housing market, some begin to show concern that we may be headed toward another housing bubble that will be followed by a crash similar to the one we saw last decade.

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Ready to Make an Offer? 4 Tips for Success

Ready to Make an Offer? 4 Tips for Success | Simplifying The MarketSo you’ve been searching for that perfect house to call a ‘home’ and you finally found one! The price is right, and in such a competitive market you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true!

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50% of Houses Sold in 36 Days or Less in July [INFOGRAPHIC]

Some Highlights:

  • The National Association of REALTORS surveyed their members for their Confidence Index
  • The REALTORS Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than 60 days in 38 out of 50 states and Washington D.C.
  • Homes sold in less than 30 days in 17 states
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The Cost of NOT Owning Your Home

The Cost of NOT Owning Your Home | Simplifying The MarketOwning a home has great financial benefits. Because of this, more and more experts are growing concerned about the ramifications of a falling homeownership rate. Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

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Mortgage Standards Easing TOO MUCH? NO!!

Mortgage Standards Easing TOO MUCH? NO!! | Simplifying The MarketThere is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis.

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Why Getting Pre-Approved Should Be Your First Step

Why Getting Pre-Approved Should Be Your First Step | Simplifying The MarketIn many markets across the country, the amount of buyers searching for their dream homes greatly outnumbers the amount 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 get pre-qualified or pre-approved for a mortgage before starting your search.

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Interest Rates Remain at Historic Lows… But for How Long?

Interest Rates Remain at Historic Lows… But for How Long? | Simplifying The MarketThe interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait until next year.

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Home Prices Up 5.61% 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!
  • Vermont was the only one state where home prices are actually lower than they were last year.
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New Construction Numbers: Now Versus 2005

New Construction Numbers: Now Versus 2005 | Simplifying The MarketThere is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today:

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Is the Current Pace of Home Sales Sustainable?

Is the Current Pace of Home Sales Sustainable? | Simplifying The MarketThere are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market.

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5 Reasons to Sell This Fall

5 Reasons to Sell This Fall | Simplifying The MarketSchool is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.

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14,767 Homes Sold Yesterday… Did Yours?

14,767 Homes Sold Yesterday… Did Yours? | Simplifying The MarketThere are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly.

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Want to Get an A? Hire A Real Estate Pro [INFOGRAPHIC]

Some Highlights:

  • Hiring a Real Estate Professional to 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 hire someone who knows current market conditions and can simply and effectively explain them to you and your family!
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The Housing Market is Doing Just Fine

The Housing Market is Doing Just Fine | Simplifying The MarketThere are some that think that housing affordability is a challenge. Historically, that’s not true. Others think that home prices are approaching bubble values. If we look back over the last sixteen years, that is also not the case. As a matter of fact, the numbers show that the U.S. residential real estate market is doing just fine.

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Home Values: DEFINITELY NOT in Bubble Range!!

Home Values: DEFINITELY NOT in Bubble Range!! | Simplifying The MarketThere are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today.

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Why Is There So Much Paperwork to Sign to Get a Mortgage?

Why Is There So Much Paperwork to Sign to Get a Mortgage? | Simplifying The MarketWe are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.

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Don’t Get Caught in the Rental Trap!

Don’t Get Caught in the Rental Trap! | Simplifying The MarketThere are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.

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How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC]

Some Highlights:

  • The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
  • Anything under a 6-month supply is a Seller’s Market!
  • There has not been a 6-months inventory supply since August 2012!
  • Buyer Demand continues to outpace Seller Supply!
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How Scary is the Housing Affordability Index?

How Scary is the Housing Affordability Index? | Simplifying The MarketSome industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors (NAR).

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Housing Market Slowing Down? Don’t Tell Builders!

Housing Market Slowing Down? Don’t Tell Builders! | Simplifying The MarketMany experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007.

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2 Myths About Mortgages That May Be Holding Back Buyers

2 Myths About Mortgages That May Be Holding Back Buyers | Simplifying The MarketFannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.

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Whether You Rent or Buy, You’re Paying a Mortgage

Whether You Rent or Buy, You’re Paying a Mortgage | Simplifying The MarketThere are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either yours or your landlord’s.

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