As a Member, you have access to the latest reports on what’s really going on in the housing market. The same reports that CNN, The Wall Street Journal, and every other media outlet are reporting on everyday. The difference? Our headlines are there to tell you and your consumers what’s really going on in the […]
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created […]
There is a plethora of real estate information available today in the news and on the internet. It can be extremely confusing at times. If you are thinking of buying or selling, you need an agent who can help make sense of this rapidly evolving housing market. You need an agent who can help you […]
In their latest Housing Market Insight & Outlook report, Freddie Mac revealed that recent low down payment initiatives have raised concerns that we may be returning to the same lax mortgage qualifications that caused the housing crisis from which we are just now recovering. The report went on to explain that today’s underwriting guidelines are […]
The National Association of REALTORS’ Pending Home Sales Index is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales. The latest index was released last week, with the headline: Pending Home Sales Dip in June […]
As real estate professionals, we have been trained to generate buyer and seller leads and then to get in front of them to “close the deal”. Recent research from Google claims we are missing a piece of the sales equation… and it is the most important piece!! This Thursday (August 6th 2PM ET) we will […]
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 along with the idea to keep their clients happy. However, the best agents realize […]
Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report. The report announced that the median existing-home price in June was $236,400. That value surpasses the peak median sales price set in July 2006 ($230,400). This revelation created many headlines exclaiming that home prices had hit a “new record”: Wall Street […]
The big housing news this week is that the homeownership rate has dropped to 63.4% which represents the lowest rate in 48 years. That news definitely is making headlines. Yet, to fully understand what this means we have to look at the story that created these headlines. There is no doubt the homeownership rate has […]
The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. Inventory Levels & Demand Sales of existing homes rose 3.2% from May, outpacing year-over-year figures for the ninth consecutive month. Total unsold housing inventory […]
Interest Rates have remained at or above 4% since they first crossed the threshold on June 4th (according to Freddie Mac’s Weekly Mortgage Market Survey). The experts are in agreement that rates will increase. With the exception of Fannie Mae, they all believe that rates will jump by a full percentage point by this time […]
As the temperature continues to rise, buyers are coming out ready to purchase their dream home. Here are five reasons that you should list your house for sale now. 1. Strong Buyer Demand Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show […]
According to a Merrill Lynch survey, over 80% of the people in this country believe that homeownership is still “an important part of the American Dream”. There are many financial and non-financial reasons people feel this way. One of the biggest reasons is because it helps build family wealth. Last week, Freddie Mac posted about […]
People always talk about the “spring buying season” when they talk real estate. However, this year it appears as though the summer real estate market will be just as hot. The most recent Foot Traffic Report released by the National Association of Realtors (NAR) revealed that there are more buyers out looking at homes right […]
There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard […]
In a multi-bid environment, like the one we are experiencing today, sellers sometimes make a decision that is not always based on money. Harris Poll recently released the results of their survey which looked at the emotional connection seller’s often feel toward their current home and the future of that home. Before the recession, about 20 percent […]
Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The 5 Reasons You NEED […]
The Joint Center for Housing Studies at Harvard University recently released their 2015 State of the Nation’s Housing report. The report concentrated on the challenges renters in this country are facing because of the diminishing supply of quality rental units and dramatically escalating rents. However, there was also information buried within the report that revealed […]
There has been much talk about homeownership and whether it is a true vehicle for building wealth. A new report looks at the impact owning a home has on the financial wellbeing of people closing in on their retirement years (ages 55-64). In recently released study by the Hamilton Project, Ten Economic Facts about Financial […]
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