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Home Prices Up 5.61% Across The Country! [INFOGRAPHIC]

Home Prices Up 5.61% Across The Country! [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
  • Vermont was the only one state where home prices are actually lower than they were last year.
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Want to Get an A? Hire A Real Estate Pro [INFOGRAPHIC]

Want to Get an A? Hire A Real Estate Pro [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Hiring a Real Estate Professional to buy your dream home, or sell your current house, is one of the most 'educated' decisions you can make!
  • A Real Estate Professional has the experience needed to help you through the entire process.
  • Make sure that you hire someone who knows current market conditions & can simply & effectively explain them to you & your family!
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How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC]

How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
  • Anything under a 6-month supply is a Seller’s Market!
  • There has not been a 6-months inventory supply since August 2012!
  • Buyer Demand continues to outpace Seller Supply!
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‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC]

‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • ‘Old Millennials’ are defined as 25-36 year olds according to the US Census Bureau.
  • According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.
  • More and more ‘Old Millennials’ are realizing that homeownership is within their reach now!
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What States Give You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

What States Give You the Most ‘Bang for Your Buck’? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Thinking of moving across the country? How far will your money take you?
  • The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.
  • The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $115.34 worth of goods for $100.
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Do You Know the Impact Your Interest Rate Makes? [INFOGRAPHIC]

Do You Know the Impact Your Interest Rate Makes? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • 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 if you plan to stay within a certain budget.
  • Interest rates are at their lowest in years… RIGHT NOW!
  • If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act!
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Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC]

Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.
  • Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.
  • Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900.
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Slaying Myths About Home Buying [INFOGRAPHIC]

Slaying Myths About Home Buying [INFOGRAPHIC] | Simplifying The Market Some Highlights:
  • Interest Rates are still below historic numbers.
  • 88% of property managers raised their rent in the last 12 months!
  • Credit score requirements to be approved for a mortgage continue to fall.
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Should I Wait Until Next Year? Or Buy Now? [INFOGRAPHIC]

Should I Wait Until Next Year? Or Buy Now? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 4.6% by next year.
  • CoreLogic predicts home prices to appreciate by 5.3% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!
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Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC]

Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality.
  • The top thing that buyers sacrifice are new clothes at 54%.
  • Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car to buy their last home.
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Sales at Highest Pace in 9 Years! [INFOGRAPHIC]

Sales at Highest Pace in 9 Years [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million.
  • Inventory remains below the 6-month norm and prices are still on the rise.
  • Interest rates are at a historic low of 3.48%.
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Thinking You Should FSBO? Think Again [INFOGRAPHIC]

Thinking You Should FSBO? Think Again [INFOGRAPHIC] | Simplifying The Market Some Highlights:  According to NAR's Profile of Home Buyers & Sellers:
  • 88% of buyers look for their new home online.
  • Using a real estate agent can net you $39,000 more than FSBO'ing.
  • There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional can help ease the process.
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Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC]

Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.
  • April marked the 54th consecutive month of year-over-year declines in foreclosure inventory.
  • Only 3% of homes in the United States are in serious delinquency. More and more homeowners are escaping negative equity as prices rise.
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Home Prices Up 5.67% Across The Country! [INFOGRAPHIC]

Home Prices Up 5.67% Across The Country! | Simplifying The Market

Some Highlights:

  • Across the country, home prices are up by 5.67%.
  • Each state is appreciating at a different rate, however, which is important to realize if you plan on relocating to a different state.
  • Regionally, prices have appreciated year-over-year by as high as 8.15%.
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June is National Homeownership Month! [INFOGRAPHIC]

June is National Homeownership Month! | Simplifying The Market

Some Highlights:

  • Paying rent is not a good investment, but owning is a great way to start building family wealth.
  • Not only does homeownership allow you to provide your children with great education, but you can also decide whether or not your child grows up with a pet.
  • Owning a home provides you with tax benefits while also providing you with more living space to move around in.
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New & Existing Home Sales Climb [INFOGRAPHIC]

New & Existing Home Sales Climb [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year.
  • Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory.
  • The median price of new homes is up 12% from March 2016, while the median price of existing homes is up 6.3% from April 2015.
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Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC]

Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
  • Buying costs are significantly less than renting costs.
  • The percentage of income needed to afford a median priced home is less than the historic norm.
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Housing Market Snapshot [INFOGRAPHIC]

Housing Market Snapshot [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Home sales are up 1.5% year-over-year and 5.1% month-over-month.
  • Demand is still much higher than the available housing inventory which declined 2.2% from March 2015.
  • This is the 49th consecutive month with year-over-year price gains.
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Americans Believe Real Estate is the Best Long-Term Investment [INFOGRAPHIC]

Americans Believe Real Estate is the Best Long-Term Investment | Simplifying The Market

Some Highlights:

  • Real estate outranks stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans.
  • Real estate is ranked as the best long-term investment among all age groups.
  • Millennials rank both real estate and savings/CDs at 26% when it comes to the best long-term investment.
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Investment Home Sales Rebound in 2015 [INFOGRAPHIC]

Investment Home Sales Rebound in 2015 | Simplifying The Market

Some Highlights:

  • 2015 marks the first year-over-year increase in investment home sales since 2011.
  • 62% of all investment homes purchased were single family homes.
  • The South saw the highest percentage of investment home sales (39%) with the West coming in second (28%).
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New Home Buyers Look For Green Options [INFOGRAPHIC]

New Home Buyers Look For Green Options [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • 11% of new homebuyers stated energy efficient features as the reason for their purchase.
  • The most popular remodeling projects done for energy efficiency were insulation upgrades, HVAC replacements, and vinyl and wood window installations.
  • Research shows that word preference does make a difference when it comes to attracting green buyers.
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Vacation Home Sales Reach 2nd Highest Mark Since 2006 [INFOGRAPHIC]

Vacation Home Sales Reach 2nd Highest Mark Since 2006 [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • 58% of vacation homes purchased were single family homes.
  • 51% of vacation homes that were purchased were found online.
  • The median price of a vacation home is up 28% from 2014.
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More & More Singles Are Falling For Their Dream Home [INFOGRAPHIC]

Singles Are Falling For Their Dream Home | Simplifying The Market

Some Highlights:

  • 24% of all recent home buyers were single at the time of purchase.
  • 47% of single men cite the desire to own a home of their own as the primary reason to buy.
  • 18% of first-time buyers were single women.
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Don't Be Fooled... Homeownership Is A Great Investment! [INFOGRAPHIC]

Don't Be Fooled... Homeownership Is A Great Investment! [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Harvard University's Joint Center of Housing Studies recently released the top financial & emotional reasons to own a home.
  • Owning is a good way to build up wealth that can be passed along to your family as it is usually a form of "forced savings."
  • Whether you rent or own, you are paying a mortgage. Yours when you own, your landlord's when you rent.
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Home Sales Up Year-Over-Year [INFOGRAPHIC]

Home Sales Up Year-Over-Year | Simplifying The Market

Some Highlights

  • This is the 48th consecutive month with year-over-year price gains.
  • Lawrence Yun, NAR's Chief Economist says that, "The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers."
  • Inventory is still below historic norms at a 4.4 month supply.