Some Highlights: Existing home sales are currently at an annual pace of 5.22 million, which is up 1.4% over last month. This reverses the six-month trend of dips in sales every month. The inventory of existing homes is still below the 6-month supply needed for a normal market and is now at a 4.3-month supply. […]
Existing Home Sales Slowed by a Lack of Listings Read More »
Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you
How to Simply Increase Your Family Wealth by Paying for Housing! 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
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! Inventory continues to rise in the luxury and premium home markets which is causing prices
A Tale of Two Markets Read More »
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S.
Where Are Interest Rates Headed in 2019? Read More »
Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition! The #1 Reason to List
The #1 Reason to NOT Wait Until Spring to Sell Your House Read More »
With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that
Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner Read More »
Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. Now
5 Ways Tax Reform Has Impacted the 2018 Housing Market Read More »
This has never been more true for buyers and sellers. There was a definite slow down in 3rd and 4th quarter of 2017. Buyers were not just jumping on any home at any price. They were waiting for the right house at the right price and this lead to many bidding wars soooo there are
The #1 Reason to Sell Now Before Spring Read More »
Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. SO, WHAT DOES THIS MEAN FOR HOMEOWNERS AND THEIR EQUITY POSITION? As an example, let’s assume a young couple purchases and closes on
How Rising Prices Will Help You Build Family Wealth in 2018 Read More »
