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Existing Home Sales Slow Amongst Tight Inventory [INFOGRAPHIC]

Existing Home Sales Slow Amongst Tight Inventory [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing Home Sales slowed down slightly in August but remained 6.2% higher than August 2014.
  • Inventory levels remain below the 6 months necessary for a normal market at a 5.2-month supply.
  • First Time Buyers rebounded in August to make up 32% of sales, matching a 2015 high.
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Credit Score Requirements LOWER As Interest Rates CREEP UP! [INFOGRAPHIC]

Credit Score Requirements LOWER As Interest Rates CREEP UP! [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The average 30-year rate for all loans closed in August eclipsed 4.3% for the first time since October 2014.
  • The average FICO score for all closed loans in August reached a new yearly low at 724 (the lowest since February 2014!)
  • The average down payment of FHA loans closed was just 4%!
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Economic Impact of Every Home Sold [INFOGRAPHIC]

Economic Impact of Every Home Sold [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Every time a home is sold, the surrounding economy feels a boost.
  • Different industries and businesses benefit at each stage of the process of moving into a home!
  • Hawaii leads the way with a $177,000 boost to the local economy.
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A+ Reasons to Hire A Real Estate Professional [INFOGRAPHIC]

A+ Reasons To Hire A Real Estate Professional [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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NAR'S Latest Existing Home Sales Report [INFOGRAPHIC]

NAR'S Latest Existing Home Sales Report [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing Home Sales are up 10.3% year-over-year across the country.
  • Sales rose to an annual rate of 5.59 million marking the 10th month in a row of year-over-year gains
  • Prices are up 5.6% year-over-year in the U.S. to a median price of $234,000
  • Marked the 41st consecutive month of year-over year price gains.
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Home Prices Up in 93% of Measurable Markets [INFOGRAPHIC]

Home Prices Up in 93% of Measurable Markets [INFOGRAPHIC] | Simplifying The Market
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Foreclosure Inventory Hits Lowest Mark in Over 7 Years [INFOGRAPHIC]

Foreclosure Inventory Hits Lowest Mark in Over 7 Years [INFOGRAPHIC] | Simplifying The Market
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What You Need to Know About the Mortgage Process [INFOGRAPHIC]

What You Need to Know About the Mortgage Process | Simplifying The Market
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Spring Buying Season Extends Into Summer [INFOGRAPHIC]

Spring Buying Season Extends Into Summer [INFOGRAPHIC] | Simplifying The Market
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Cost Across Time [INFOGRAPHIC]

Cost Across Time [INFOGRAPHIC] | Simplifying The Market
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45% of Homes Sold in Less Than A Month! [INFOGRAPHIC]

45% of Homes Sold in Less Than A Month! [INFOGRAPHIC] | Simplifying The Market
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Boomerang Buyers Coming Back in Force [INFOGRAPHIC]

Boomerang Buyers Coming Back in Force [INFOGRAPHIC] | Simplifying The Market
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Homeownership Still The American Dream [INFOGRAPHIC]

Homeownership Still The American Dream [INFOGRAPHIC] | Simplifying The Market
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Equity Report [INFOGRAPHIC]

Equity Report [INFOGRAPHIC] | Simplifying The Market
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Do I Need Perfect Credit to Buy a Home? [INFOGRAPHIC]

Do I Need Perfect Credit to Buy a Home? [INFOGRAPHIC] | Simplifying The Market
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Think You Should FSBO? Think Again! [INFOGRAPHIC]

Think 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 13% 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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Mortgage Rates Over The Last 40 Years [INFOGRAPHIC]

Mortgage Rates Over The Last 40 Years [INFOGRAPHIC] | Simplifying The Market
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Buyer Demand Exceeds Housing Supply [INFOGRAPHIC]

Buyer Demand Exceeds Buyer Demand [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Inventory Levels are still below the 6.0 month level necessary for a normal market
  • Home Prices have experienced year-over-year gains for 38 straight months
  • Home sold faster than any time since June 2013, in just 39 days
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The Difference Your Interest Rate Makes [INFOGRAPHIC]

The Difference Your Interest Rate Makes [INFOGRAPHIC] | Simplifying The Market
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Do You Know The Cost of Renting vs. Buying? [INFOGRAPHIC]

Do You Know The Cost of Renting vs. Buying? [INFOGRAPHIC] | Simplifying The Market
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Where Should I Retire? [INFOGRAPHIC]

Where Should I Retire [INFOGRAPHIC] | Simplifying The Market

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Existing Home Sales Skyrocket! [INFOGRAPHIC]

Existing Home Sales Skyrocket! [INFOGRAPHIC] | Simplifying The Market
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I Need A VACATION... Home! [INFOGRAPHIC]

I Need A VACATION... Home!! [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Vacation Home Sales were up 57.4% in 2014
  • 1.13 Million Vacation Homes Sold
  • 2014 marked the highest level of sales in the U.S. since 2003
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How Quickly Are Homes Selling In Your State? [INFOGRAPHIC]

How Quickly Are Homes Selling In Your State? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The National Association of REALTORS® surveyed their members for their Confidence Index
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than 90 days in 36 out of 50 states and Washington D.C.
  • Only 3 states had a median sold date in the 121 - 210 day range
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The Difference A Year Can Make [INFOGRAPHIC]

The Difference A Year Can Make [INFOGRAPHIC] | Simplifying The Market The Difference A Year Can Make [INFOGRAPHIC] | Simplifying The Market

Some Important Points To Consider:

  • The latest Freddie Mac Primary Mortgage Market Survey reports the 30-year fixed rate at 3.7%.
  • Freddie Mac's projection for Q2 2016 is that the rate will be 4.7% (a full percentage point higher)
  • The Home Price Expectation Survey predicts that home prices will appreciate by 4.4% during this same time

The impact waiting a year to purchase your dream home can make on your monthly payment is significant. Contact me today to discuss your options before the experts' predictions become reality!