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Builder Confidence Hits 11-Year High

Builder Confidence Hits 11-Year High | Simplifying The MarketIn many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage.

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Housing Market Expected to “Spring Forward”

Housing Market Expected to “Spring Forward” | Simplifying The MarketJust like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

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Thinking of Selling? Do it TODAY!!

Thinking of Selling? Do it TODAY!! | Simplifying The MarketThat headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

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The Connection Between Home Prices & Family Wealth

The Connection Between Home Prices & Family Wealth | Simplifying The MarketOver the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

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Where Did Americans Move in 2016?

Some Highlights:

  • For the 5th year in a row, the Northeast saw a concentration of “High Outbound” activity.
  • For the first time ever, South Dakota held the top spot for “High Inbound” states.
  • Much of America’s outbound activity can be attributed to Boomers relocating to warmer climates after retiring.
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Mortgage Rates Impact on 2017 Home Values

Mortgage Rates Impact on 2017 Home Values | Simplifying The MarketThere is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

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Over Half of All Buyers Are Surprised by Closing Costs

Over Half of All Buyers Are Surprised by Closing Costs | Simplifying The MarketAccording to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.

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How Long Do Most Families Stay in Their Home?

How Long Do Most Families Stay in Their Home? | Simplifying The MarketThe National Association of Realtors (NAR) keeps historical 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. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

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Where Are the Home Prices Heading in the Next 5 Years?

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The MarketToday, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

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Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC]

Highlights:

  • Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
  • January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
  • NAR’s Chief Economist, Lawrence Yun had this to say, ‘Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home.’
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The Impact of Homeownership on Family Health

The Impact of Homeownership on Family Health | Simplifying The MarketThe National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:

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Are You 1 of the 59 Million Planning to Buy This Year?

Are You 1 of the 59 Million Planning to Buy This Year? | Simplifying The MarketAccording to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.

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Access: A Key Component in Getting Your House SOLD!

Access: A Key Component in Getting Your House SOLD! | Simplifying The MarketSo, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers.

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US Housing Market Is Moving into ‘Buy Territory’!

US Housing Market Is Moving into 'Buy Territory'! | Simplifying The MarketAccording to the 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.

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Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]

Some Highlights:Historically, the choice between renting or buying a home has been a close decision.Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the ch…

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The Impact of Homeownership on Civic Involvement

The Impact of Homeownership on Civic Involvement | Simplifying The MarketThe National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:

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The Great News About Rising Prices for Homeowners

The Great News About Rising Prices for Homeowners | Simplifying The MarketRecently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, 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.

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First Comes Love… Then Comes Mortgage?

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

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3 Questions to Ask If You Want to Buy Your Dream Home

3 Questions to Ask If You Want to Buy Your Dream Home | Simplifying The MarketIf you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

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Listing in the Winter Attracts More Serious Buyers

Listing in the Winter Attracts More Serious Buyers | Simplifying The MarketA recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close.

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5 Reasons to Love Using A RE Pro [INFOGRAPHIC]

Highlights:Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make!They are there for you to help with paperwork, explaining the process, negotiations, and help…

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The Impact of Homeownership on Educational Achievement

The Impact of Homeownership on Educational Achievement | Simplifying The MarketThe National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:

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Buyers Are Searching For Your House

Buyers Are Searching For Your House | Simplifying The MarketThe most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year for sales in a decade.

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Homeownership Offers Stability & Wealth Creation

Homeownership Offers Stability & Wealth Creation | Simplifying The MarketThe most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

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