Here's To A Wonderful 2016!
We hope 2016 is a great year for you both personally & professionally....
American Dream of Homeownership Still Very Much Alive
In a recent post, Trulia examined whether homeownership was again being seen by adults in the US as a “part of their personal American Dream.” Over the last five years:
Thinking of Selling Your Home? Get Ready to Negotiate!
Now that the market has showed signs of recovery, some sellers may be tempted to try and sell their home on their own (FSBO) without using the services of a real estate professional.
Don't Let Rising Rents Trap You!
There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.
NAR's Latest Existing Home Sales Report [INFOGRAPHIC]
Thank You For All Your Support
Why Did Home Sales Drop So Dramatically Last Month?
Yesterday, the National Association of Realtors (NAR) released their latest Existing Home Sales Report which covered sales in November. The report revealed that sales: “…fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November (lowest since April 2014 at 4.75 million)…”
Building Family Wealth Over The Next 5 Years
As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.
Home Prices: Where Are They Headed Over The Next 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. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.
The results of their latest survey:
Home Equity Increasing as Home Prices Rise [INFOGRAPHIC]
- 91.9% of homes in the US have positive equity
- 256,000 homes regained equity in the third quarter of 2015
- 37.5 million homes have significant equity (defined as more than 20%)
FSBO, List Again or OTM? A Seller's Dilemma
At the end of December, in every region of the country, hundreds of homeowners have a tough decision to make. The ‘listing for sale agreement’ on their house is about to expire and they now must decide to either take their house off the market (OTM), For Sale by Owner (FSBO) or list it again with the same agent or a different agent. Let’s assume you or someone you know is in this situation and take a closer look at each possibility:
How Long Does It Take To Save A Down Payment?
In a recent study conducted by Builder.com, researchers determined that nationwide it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home.
Selling Your House? 5 Reasons You Shouldn't For Sale By Owner
In today's market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers. Here are five of those reasons:
Buying A Home? Do You Know The Difference Between Cost & Price?
As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home.
Foreclosure Inventory Drops As Economy Improves [INFOGRAPHIC]
- Foreclosure Inventory has dropped year-over-year for the last 4 years (48 months).
- Only 3.4% of US homes are in serious delinquency.
- 29 states have a foreclosure inventory rate lower than the national average.
- For more information you can download the full report here
You Will Need to Sell Your Home Twice
A recent post on “The Home Story”, a site published by Fannie Mae, explained the difference between the price a seller may get for their home and the value an appraiser might assign the property.
Home Prices: Past, Present & Future
CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.
What You Really Need To Qualify For A Mortgage
A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.
NAR Reports Reveal Two Reasons to Sell This Winter
We all realize that the best time to sell anything is when demand 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 now is a great time to sell your house. Let’s look at the data covered by the latest Pending Home Sales Report and Existing Home Sales Report.
Do You Know The Difference Your Interest Rate Makes? [INFOGRAPHIC]
- Interest rates have come a long way in the last 30 years.
- The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford.
- Experts predict that rates will increase by 3/4 a percent over the next 12 months.
- Secure a low rate now to get the most house for your money.
Prices & Mortgage Rates Going Up in 2016
The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to increase in 2016.
The Residential Rental Market Heading into 2016
Below are quotes from experts as well as industry reports & articles that cover the residential rental market in the U.S.
The Impact of Higher Interest Rates
Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed: