NAR Reports Show It’s A Great Time to Sell!

September 20, 2018

NAR Reports Show It’s A Great Time to Sell! We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues […]

Home Prices Have Appreciated 6.9% in 2018

September 19, 2018

Home Prices Have Appreciated 6.9% in 2018 Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. Every month, the economists at CoreLogic release the results of their Home Price Insights Report,which includes the actual year-over-year change in prices across the […]

5 Reasons to Hire a Real Estate Professional Before Entering the Market!

September 18, 2018

5 Reasons to Hire a Real Estate Professional Before Entering the Market! Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need […]

What Does the Future Hold for Home Prices?

September 17, 2018

What Does the Future Hold for Home Prices? Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has happened in the […]

Have You Outgrown Your Starter Home?

September 14, 2018

Have You Outgrown Your Starter Home? For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that […]

Housing Market: Another Gigantic Difference Between 2008 and 2018

September 13, 2018

Housing Market: Another Gigantic Difference Between 2008 and 2018 Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there […]

Economic Slowdown

September 12, 2018

Economic Slowdown The experts agree that the next economic slowdown is on its way, but that doesn’t mean that the housing market will be affected. Let’s get together to go over the differences between an economic slowdown and a housing market crash so that you can make the best real estate decisions for you and […]

Top 3 Myths About Today’s Real Estate Market

September 11, 2018

Top 3 Myths About Today’s Real Estate Market There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes […]

How Supply and Demand Impacts Real Estate Values

September 10, 2018

How Supply and Demand Impacts Real Estate Values The price of any item is determined by the supply of that item, as well as the demand for that item in its market. The same is true in real estate. As the inventory of homes available for sale shrinks, and the demand that buyers have for […]

Rents Are on The Rise: Don’t Get Caught in The Rental Trap!

September 07, 2018

Rents Are on The Rise: Don’t Get Caught in The Rental Trap! There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Our national rent […]

Why are Existing Home Sales Down?

September 06, 2018

Why are Existing Home Sales Down? The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is down, and wages […]

5 Reasons You Should Sell This Fall!

September 05, 2018

5 Reasons You Should Sell This Fall! Here are five reasons why listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to […]

The Net Worth of a Homeowner is 44x Greater Than A Renter!

September 04, 2018

The Net Worth of a Homeowner is 44x Greater Than A Renter! Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a […]

Home Sales Expected to Continue Increasing in 2019

August 29, 2018

Home Sales Expected to Continue Increasing in 2019 Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales […]

Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

August 28, 2018

Having Trouble Saving Enough for Your Down Payment? Crowdfund It! You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. […]

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

August 27, 2018

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest […]

5 Real Estate Reality TV Myths Explained

August 24, 2018

5 Real Estate Reality TV Myths Explained Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When […]

The Wave of Millennial Homebuyers Continues to Swell

August 23, 2018

The Wave of Millennial Homebuyers Continues to Swell Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations […]

Supply & Demand Will Determine Future Home Values

August 22, 2018

Supply & Demand Will Determine Future Home Values Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: […]

Existing Home Sales Cooling Off This Summer

August 21, 2018

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC] Some Highlights: According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year. Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market. […]