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.
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.
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.
How to Get the Most Money from the Sale of Your House
Every homeowner wants to make sure they maximize the financial reward when selling their home. But, how do you guarantee that you receive maximum value for your house? Here are two keys to insuring you get the highest price possible.
House Hasn’t Sold Yet? Take Another Look at the Price
The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings are actually selling above listing price. What about your house?
If your house hasn’t sold, it is probably the price.
Where Will Home Prices Be Next Year? [INFOGRAPHIC]
![Where Will Home Prices Be Next Year? [INFOGRAPHIC] | Simplifying The Market](https://files.keepingcurrentmatters.com/wp-content/uploads/2015/10/Home-Prices-STM.jpg)
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!
Sales Up In (Almost) Every Price Range!
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.
Don’t Wait To Buy Your Dream Home
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 concerned only about price but also about the ‘long term cost’ of the home.
Let us explain.
3 Graphs That Scream List Your House Today!
In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise.
The Cost of Waiting to Buy a Home
The National Association of Realtors (NAR) recently released their July edition of the Housing Affordability Index. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.
Thinking of Buying a Home? Ask Yourself These 3 Questions!
If you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate.
Let’s look at whether or not now is actually a good time for you to buy a home.
Most Experts Agree: There is No Housing Bubble
There is no doubt that home prices in the vast majority of housing markets across the country are continuing to increase on a month over month basis. The following map (based on data from the latest CoreLogic pricing report) reveals the appreciation level by state:
Home Prices Rising! Appraisers say WHOA!
Each month, Quicken Loans releases their national Home Price Perception Index (HPPI). This month’s report revealed that the difference in appraiser home value opinions as compared to homeowner estimates is continuing to increase. Chief Economist Bob Walters explains:
"Many homeowners around the country are seeing the national headlines about home value increases and they are optimistic about their equity increasing. While some areas are seeing the same level of home appreciation, or even more, there are also some areas that have slower home value increases. This can lead to homeowners and appraisers not quite seeing eye-to-eye.”
15,315 Houses Sold Yesterday! Did Yours?
There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.
After all 15,315 houses sold yesterday, 15,315 will sell today and 15,315 will sell tomorrow.
15,315!
NAR'S Latest Existing Home Sales Report [INFOGRAPHIC]
![NAR'S Latest Existing Home Sales Report [INFOGRAPHIC] | Simplifying The Market](https://files.keepingcurrentmatters.com/wp-content/uploads/2015/08/EHS-20150828.jpg)
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.
Should I Wait to Put Down a Bigger Down Payment?
Some experts are advising that first time and move-up buyers wait until they save up 20% before they move forward with their decision to purchase a home. One of the main reasons they suggest waiting is that a buyer must purchase private mortgage insurance if they have less than the 20%. That increases the monthly payment the buyer will be responsible for.
Home Prices Up in 93% of Measurable Markets [INFOGRAPHIC]
![Home Prices Up in 93% of Measurable Markets [INFOGRAPHIC] | Simplifying The Market](https://files.keepingcurrentmatters.com/wp-content/uploads/2015/08/20150821-Metro-Prices-Graph-STM.jpg)
Home Values: 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.
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Selling Your Home? Price It Right From the Start!
In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go al...
The Impact of Rising Prices on Home Appraisals
The fact that residential home prices are increasing substantially in most regions of the country is music to the ears of homeowners. However, if you are in the process of selling your home, make sure you realize the major challenge a hot real estate...
Sales Up In Almost Every Price Range
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure....
Home Values Compared to the Peak… Is Another Bubble Forming?
After the housing market bust we experienced across the country in 2008, many experts have been quick to warn that a new bubble may be forming in some areas of the country....
Homeownership as an Investment: The Role of Price Appreciation
We recently posted on the results from the latest Home Price Expectation Survey (HPES) showing where residential home prices are headed over the next five years. Today, we want to show you what the results of the report could mean to you.
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“Lagging Supply” Leads to Slowdown in Sales
The National Association of Realtors (NAR) recently released the results of their Existing Home Sales Report. Despite the fact that properties are selling faster than they have at any other time since July of 2013, existing home sales declined 3.3% f...
