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Buying A Home Can Be SCARY... Until You Know The FACTS! [INFOGRAPHIC]

Buying A Home Can Be SCARY... Until You Know The FACTS! [INFOGRAPHIC] | Simplifying The Market  

Some Highlights:

  • 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%.
  • 71% of loan applications were approved last month
  • The average credit score of approved loans was 723 in September (the lowest recorded score since Ellie Mae began tracking in August 2011).
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Where Will Home Prices Be Next Year? [INFOGRAPHIC]

Where Will Home Prices Be Next Year? [INFOGRAPHIC] | Simplifying The Market

Some interesting facts:

  • 25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year.
  • 25 state and the District of Columbia are forecasted to experience a slow in appreciation.
  • All 50 states & D.C. are forecasted to achieve some level of positive price appreciation.

Even though each state is appreciating at different levels, you need to know the Cost of Waiting until next year to buy your dream home!

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New Home Sales Surge By 5.7%! [INFOGRAPHIC]

New Home Sales Surge By 5.7%! | Simplifying The Market

Some Highlights:

  • The median price of a newly constructed home is currently $292,700.
  • Sales are up 5.7% month-over-month and 21.6% year-over-year.
  • Many buyers are looking to new homes as an option due to the lack of inventory of existing homes for sale.
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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 60 days in 39 out of 50 states and Washington D.C.
  • Only Vermont had a median sold date longer than 90 days.
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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