Past Articles

Blog

How Long Do Families Stay in a Home?

How Long Do Families Stay in a Home? | Simplifying The MarketThe National Association of Realtors (NAR) keeps historic 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.

Read More

Buying a Home? 4 Demands to Make on Your Real Estate Agent

Buying a Home? 4 Demands to Make on Your Real Estate Agent | Simplifying The MarketAre you thinking of buying a home? Are you dreading having to walk through strangers’ houses? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of buying. A great agent is always worth more than the commission they charge, just like a great doctor or great accountant.

Read More

Taking the Fear out of the Mortgage Process

Taking the Fear out of the Mortgage Process | Simplifying The MarketA considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.

Read More

Buying a Home Can Be Scary… Know the Facts [INFOGRAPHIC]

Some Highlights:36% of Americans think they need a 20% down payment to buy a home.44% of Millennials who purchased a home this year have put down less than 10%.71.8% of loan applications were approved last month.The average credit score of approved loa…

Read More

Percentage of Homeownership by Decade and by State

Percentage of Homeownership by Decade and by State | Simplifying The MarketThere has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference.

Read More

What to Expect When Home Inspecting

What to Expect When Home Inspecting | Simplifying The MarketSo you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection.

Read More

Buying is Now 37.7% Cheaper Than Renting in the US

Buying is Now 37.7% Cheaper Than Renting in the US | Simplifying The MarketThe 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 the 100 largest metro areas in the United States.

Read More

Sales of Distressed Properties Hit New Low

Sales of Distressed Properties Hit New Low | Simplifying The MarketThe National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008.

Read More

7 Graphs That Show the Real Estate Market Is Back! [INFOGRAPHIC]

Some Highlights:Distressed property sales fell to its lowest number since NAR began tracking it in 2008.As you can see, with less distressed properties, sales are up in all price ranges except the $0 – $100K price range.Interest rates are still at hist…

Read More

The ‘Great News’ About Rising Prices

The ‘Great News’ About Rising Prices | Simplifying The MarketRecently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.

Read More

Starting to Look for a Home? Know What You WANT vs. What You NEED

Starting to Look for a Home? Know What You WANT vs. What You NEED | Simplifying The MarketIn this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.

Read More

Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC]

Some Highlights:Existing home inventory is down 10.1% from last year.A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.Existing home prices increased 5.1% year-over-year, which is directly …

Read More

Home Sales Expected to Increase Nicely in 2017

Home Sales Expected to Increase Nicely in 2017 | Simplifying The MarketThe National Association of Realtors, The Mortgage Bankers’ Association, Freddie Mac and Fannie Mae are all projecting that home sales will increase in 2017. Here is a chart showing what each entity is projecting in sales for this year and the next.

Read More

Why We All Need a ‘Phil Dunphy’ on Our Side

Why We All Need A ‘Phil Dunphy’ On Our Side | Simplifying The MarketWhether or not you’ve ever seen an episode of Modern Family, or know who Phil Dunphy’s character is, the concept of knowing that you have someone in your corner who is looking out for your best interests is something we all want.

Read More

US Housing Market Moving Further into ‘Buy Territory’

US Housing Market Moving Further into ‘Buy Territory’ | Simplifying The MarketAccording to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.

Read More

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.

Read More

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%.

Read More

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.

Read More

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!

Read More

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
Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More