The REAL Reasons Americans Buy a Home
Last week, we reported on the financial reasons that the New York Times felt that homeownership was important. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that Amer...
Home Prices Continue to Rise
“Broad-based Slowdown for Home Prices”
That is a headline you might have seen over the past weekend. And though it is true, we must understand the story behind the headline. Case Shiller reports on the year-over-year difference in home values. The...
Freddie Mac: Buy Sooner Rather than Later
In a recent video update on the housing market, Frank Nothaft, Freddie Mac’s chief economist, stated that with both mortgage interest rates and home prices projected to increase in 2015 buying now makes sense.
“If you are planning to buy a home ...
A Home’s Cost vs. Price Explained
In real estate there is a difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concern...
Don’t Wait! Move Up to the Home You Always Wanted
Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 5%.
However, sellers should ...
Be Quiet Chicken Little! Real Estate is Just Fine
The latest Existing-Home Sales Report from NAR revealed that sales decreased 1.8 percent in August. Many might start to panic, but let’s see what the report really shows.
Lawrence Yun, NAR chief economist explains “there was a marked decline i...
Either Way, You’re Still Paying a Mortgage
There are some people that have not 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 your m...
You’ve Played the Housing Market Perfectly. Don’t Blow it Now!
Many people suffered through the housing crisis. We realize that most of the heartache was the result of a housing and mortgage market gone wild. Many consumers were swept away by the waters of a frenzied real estate market that resulted in a cri...
Moving Up: Was it Worth Waiting?
New reports are revealing that the number of months’ inventory of existing homes available for sale is increasing. Some of these sellers are moving up, some are downsizing and others are making a lateral move.
There is no way for us to predict...
Buying a Home? Know ALL Your Options
In a post earlier this week, we suggested that the Millennial generation’s struggles with student debt and the overarching concept of homeownership are not the reasons for so many first time buyers hesitating to move forward with the purchase of ...
Buying a Home: The Cost of Waiting
Whether you are a first time buyer or a move-up buyer, you should look at the projections housing experts are making in two major areas: home prices and mortgage rates.
PRICES
Over 100 economists, real estate experts and investment & marke...