Past Articles
Blog
Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC]
Some Highlights:
- CoreLogic’s latest Home Price Index shows that prices rose by 7.1% across the United States year-over-year.
- With mortgage interest rates rising in the short term, CoreLogic believes price appreciation will slow to 4.7% by this time next year.
- 49 out of 50 states, and the District of Columbia, all had positive appreciation over the last 12 months, with the only exception being the state of Connecticut, which experienced a -0.5% appreciation.
Is This the Year to Move Up to Your Dream Home? If So, Do it Early
It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:
According to You Need a Professional on Your Team When Buying a Home
Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to do it on their own. In today’s market: you need an experienced professional!
If Your Home Hasn’t Sold Yet… Check the Price!
The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the winter as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?
3 Tips for Making Your Dream of Buying a Home Come True [INFOGRAPHIC]
Some Highlights:
- Realtor.com recently shared “5 Habits to Start Now If You Hope to Buy a Home in 2017.”
- Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it.
- Living within a budget now will help you save money for down payments and pay down other debts that might be holding you back.
Last week, CNBC ran an Year-Over-Year Price Appreciation Reaches Double Digits in 5 Price Categories
The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.
Inadequate Inventory Driving Prices Up
The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices.
5 Reasons to Resolve to Hire a Real Estate Professional [INFOGRAPHIC]
Some Highlights:
- As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team!
- There are many benefits to using a local professional!
- Pick a pro who knows your local market and can help you navigate the housing market!
Start 2017 Off Right… List Your House for Sale
As we are about to bring in the New Year, families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the past, that might have made sense. However, this winter is not like recent years.
Homeowner’s Net Worth Is 45x Greater Than A Renter’s
Every three years, the Federal Reserve conducts a 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 Fed Raised Rates: What Does that Mean for Housing?
You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future?
Student Loans = Higher Credit Scores
According to a recent analysis by CoreLogic, Millennial renters (aged 20-34) who have student loan debt also have higher credit scores than those who do not have student loans.
Whether You Rent or Buy: Either Way You’re Paying a Mortgage
There are some renters who have not yet 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.
2 Tips to Ensure You Get the Most Money When Selling Your House
Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.
The Impact Your Interest Rate Has on Your Buying Power [INFOGRAPHIC]
Some Highlights:Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage.Over the last 30 years, interest rates have fluctuated greatly with rates in the double digits in the 1…
Read MoreThe #1 Reason to Sell Now… Not Next Spring
The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
Building Your Family’s Wealth Over the Next 5 Years
Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
Home Prices: Where Will They Be in 5 Years?
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
Americans Are on The Move [INFOGRAPHIC]
Some Highlights:For the 4th year in a row, the Northeast saw a concentration of High Outbound activity.Oregon held on to the top stop of High Inbound states for the 3rd year in a row.Much of this Outbound activity can be attributed to Boomers relocatin…
Read MoreWill Increasing Mortgage Rates Impact Home Prices?
There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home.