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1.22 VisualGrowing up it seemed ‘white lies’ were okay while lying was a sin. As children, we sometimes had difficulty understanding where the line was. As we matured, we realized there most definitely was a difference.


If a husband or wife asks if it is okay to invite their parents over for dinner, the spouse would probably say ‘sure’ even if it wasn’t 100% the truth. That was a ‘white lie’. If a young boy dresses up as a monster on Halloween and asks his father if he looks ‘really scary’, it was okay for his dad to say ‘YES’! That was a ‘white lie’.


In both cases, the person telling the ‘white lie’ was saying what the other person wanted to hear. In both cases, there was no harm in not telling the 100% truth. In both cases, it was a ‘white lie’. However, if we are not telling the 100% truth in order to save someone’s feelings AND IT HURTS THEM, we are lying.



What does this have to do with real estate?


We believe there are some in the real estate industry more worried about a homeowner’s feelings than they are about telling the truth about the current value of their home. These agents are not necessarily malicious. They just realize they may disappoint a seller at a listing appointment by telling the truth about what the house will sell for. They find it difficult to deliver tough news. To make sellers feel better, they lie.



Good agents can deliver good news. Great agents know how to deliver tough news.


In today’s real estate market, you need an agent that will tell you the truth, even when you don’t want to hear it. You need an agent more worried about your family than they are about your feelings. You need an agent who can get the house sold!



What this means to you


If you are interviewing potential listing agents, demand they tell you the truth. Don’t hire the agent that tells you what you want to hear. Hire the agent that tells you what you need to know. Reward their honesty.

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1.22 VisualGrowing up it seemed ‘white lies’ were okay while lying was a sin. As children, we sometimes had difficulty understanding where the line was. As we matured, we realized there most definitely was a difference.


If a husband or wife asks if it is okay to invite their parents over for dinner, the spouse would probably say ‘sure’ even if it wasn’t 100% the truth. That was a ‘white lie’. If a young boy dresses up as a monster on Halloween and asks his father if he looks ‘really scary’, it was okay for his dad to say ‘YES’! That was a ‘white lie’.


In both cases, the person telling the ‘white lie’ was saying what the other person wanted to hear. In both cases, there was no harm in not telling the 100% truth. In both cases, it was a ‘white lie’. However, if we are not telling the 100% truth in order to save someone’s feelings AND IT HURTS THEM, we are lying.



What does this have to do with real estate?


We believe there are some in the real estate industry more worried about a homeowner’s feelings than they are about telling the truth about the current value of their home. These agents are not necessarily malicious. They just realize they may disappoint a seller at a listing appointment by telling the truth about what the house will sell for. They find it difficult to deliver tough news. To make sellers feel better, they lie.



Good agents can deliver good news. Great agents know how to deliver tough news.


In today’s real estate market, you need an agent that will tell you the truth, even when you don’t want to hear it. You need an agent more worried about your family than they are about your feelings. You need an agent who can get the house sold!



What this means to you


If you are interviewing potential listing agents, demand they tell you the truth. Don’t hire the agent that tells you what you want to hear. Hire the agent that tells you what you need to know. Reward their honesty.

    [created_at] => 2014-05-07T06:00:39Z
    [description] => (English) Growing up it seemed ‘white lies’ were okay while lying was a sin. As children, we sometimes had difficulty understanding where the line was. As we matured, we realized there most definitely was a difference.
If a husband or wife asks if i...
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    [title] => (English) Difference Between a ‘White Lie’ and Lying
    [updated_at] => 2014-05-07T14:50:05Z
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(English) Difference Between a ‘White Lie’ and Lying

(English) Growing up it seemed ‘white lies’ were okay while lying was a sin. As children, we sometimes had difficulty understanding where the line was. As we matured, we realized there most definitely was a difference. If a husband or wife asks if i...
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    [agents_bottom_line] => (English) Today's post is written by Steve Harney of Keeping Current Matters.smug

I have been a subscriber to the Wall Street Journal (WSJ) for as long as I can remember. In my opinion, it is the single greatest source of financial information and insights available. I don’t always agree with their analysis but I always respect their position.

However, in an article this past weekend, The New Math of Renting vs. Buying, they flat out got it wrong. Below are a few excerpts from the article and the reason why I believe the analysis to be incorrect.

The Cost of Renting is Lower than the Cost of Owning

In the article, they discuss that homeownership is more expensive than renting in many large metropolitan areas.

"The monthly cost of renting was lower than buying in 20 large metropolitan areas at the end of last year, the most recent period for which data are available, according to figures provided exclusively to The Wall Street Journal by Deutsche Bank. That is up from 15 large metropolitan areas a year earlier.”

The challenge is that more recent data from two very reliable sources has shown that not to be the case. Among the 35 largest metro areas analyzed by Zillow in the first quarter, every metro showed it would be cheaper to buy than rent if you plan to live in the home for at least 4.2 years.

According to a study by Trulia:

“Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. Rising mortgage rates and home prices have narrowed the gap over the past year, though rates have recently dropped and price gains are slowing. Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.” (emphasis added)

Renters Don’t Have All the Expenses of Homeowners

The article goes on to explain that as a renter you have many less expenses than you would have as a homeowner:

"Renters, for example, don't pay property taxes, homeowner's insurance and, in most cases, maintenance costs. These expenses can cost homeowners about 3% of the price of their home annually, experts say.

While those costs can be folded into monthly rent, apartment renters often pay a smaller share as landlords spread the costs among many tenants, says Stijn Van Nieuwerburgh, director of the Center for Real Estate Finance Research at New York University. If a window breaks or the toilet plugs up, your landlord—not you—pays for the repairs."

Don’t kid yourself – the landlord does not pay the taxes nor pay for repairs. The tenant does. It is incorporated in the rent. It is true, if it is an apartment building, that the property taxes are shared by all tenants. However, realize that the amount of property taxes for an apartment building with “many tenants” will be far greater than a single family residence.

We think this situation is best explained by Eric Belsky, Managing Director of the Joint Center of Housing Studies at Harvard University, in his paper on homeownership - The Dream Lives On: the Future of Homeownership in America:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.” (emphasis is mine)

Investing the Difference in Payments Will Net a Renter More Money

The WSJ article claims that, if a renter invests the difference between their rent payment and a potential mortgage payment had they purchased, they would be better off financially in the long run.

"Renters don't end up with a valuable asset, as buyers do when they pay off a mortgage. But renters might be able to make more money by investing the monthly savings, as well as the cash they would otherwise use for a down payment, he says."

They go on to explain their reasoning as follows:

"The value of the average single-family home increased by 3.6% a year in the three decades through 2013, compounded annually, according to mortgage giant Freddie Mac. By contrast, the compound annual return on the S&P 500 over that period was 11.1%, according to Chicago-based investment-research firm Morningstar."

As to the idea that the return on investment would be greater by investing in the stock market rather than purchase a home, I think the article in the WSJ forgot that housing is a leveraged investment. Belsky, in his paper, explains:

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.” 

That 3.6% average annual appreciation is really an 18% return on cash to a home buyer putting down 20%.

They also assume the renter will save any difference in housing expense. However, that does not happen in reality. In their ongoing research for their paper, Beer and Cookies Impact on Homeowners’ Wealth Accumulation, Eli Beracha and Ken H. Johnson reveal that homeownership creates a ‘forced savings’ plan:

“It appears that homeownership creates extra wealth mainly through its ability to force owners to save rather than through property appreciation. Thus, homeownership appears to be a self-imposed savings plan, which through time leads to greater wealth accumulation as compared to comparable renters. In short, buying a home makes Americans save.”

And Belsky from Harvard agrees:

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

To further make this point, we can look at a study by the Federal Reserve which showed that the net worth of a homeowner ($174,500) is 30 times greater than that of renter ($5,100).

Bottom Line

Looking at financial advantages of homeownership from every angle still reveals that it is a much better investment than renting.
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    [contents] => (English) Today's post is written by Steve Harney of Keeping Current Matters.smug

I have been a subscriber to the Wall Street Journal (WSJ) for as long as I can remember. In my opinion, it is the single greatest source of financial information and insights available. I don’t always agree with their analysis but I always respect their position.

However, in an article this past weekend, The New Math of Renting vs. Buying, they flat out got it wrong. Below are a few excerpts from the article and the reason why I believe the analysis to be incorrect.

The Cost of Renting is Lower than the Cost of Owning

In the article, they discuss that homeownership is more expensive than renting in many large metropolitan areas.

"The monthly cost of renting was lower than buying in 20 large metropolitan areas at the end of last year, the most recent period for which data are available, according to figures provided exclusively to The Wall Street Journal by Deutsche Bank. That is up from 15 large metropolitan areas a year earlier.”

The challenge is that more recent data from two very reliable sources has shown that not to be the case. Among the 35 largest metro areas analyzed by Zillow in the first quarter, every metro showed it would be cheaper to buy than rent if you plan to live in the home for at least 4.2 years.

According to a study by Trulia:

“Homeownership remains cheaper than renting nationally and in all of the 100 largest metro areas. Rising mortgage rates and home prices have narrowed the gap over the past year, though rates have recently dropped and price gains are slowing. Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.” (emphasis added)

Renters Don’t Have All the Expenses of Homeowners

The article goes on to explain that as a renter you have many less expenses than you would have as a homeowner:

"Renters, for example, don't pay property taxes, homeowner's insurance and, in most cases, maintenance costs. These expenses can cost homeowners about 3% of the price of their home annually, experts say.

While those costs can be folded into monthly rent, apartment renters often pay a smaller share as landlords spread the costs among many tenants, says Stijn Van Nieuwerburgh, director of the Center for Real Estate Finance Research at New York University. If a window breaks or the toilet plugs up, your landlord—not you—pays for the repairs."

Don’t kid yourself – the landlord does not pay the taxes nor pay for repairs. The tenant does. It is incorporated in the rent. It is true, if it is an apartment building, that the property taxes are shared by all tenants. However, realize that the amount of property taxes for an apartment building with “many tenants” will be far greater than a single family residence.

We think this situation is best explained by Eric Belsky, Managing Director of the Joint Center of Housing Studies at Harvard University, in his paper on homeownership - The Dream Lives On: the Future of Homeownership in America:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.” (emphasis is mine)

Investing the Difference in Payments Will Net a Renter More Money

The WSJ article claims that, if a renter invests the difference between their rent payment and a potential mortgage payment had they purchased, they would be better off financially in the long run.

"Renters don't end up with a valuable asset, as buyers do when they pay off a mortgage. But renters might be able to make more money by investing the monthly savings, as well as the cash they would otherwise use for a down payment, he says."

They go on to explain their reasoning as follows:

"The value of the average single-family home increased by 3.6% a year in the three decades through 2013, compounded annually, according to mortgage giant Freddie Mac. By contrast, the compound annual return on the S&P 500 over that period was 11.1%, according to Chicago-based investment-research firm Morningstar."

As to the idea that the return on investment would be greater by investing in the stock market rather than purchase a home, I think the article in the WSJ forgot that housing is a leveraged investment. Belsky, in his paper, explains:

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point rise in the value of the home is a 5 percent return on their equity. With many buyers putting 10 percent or less down, their leverage factor is 10 or more.” 

That 3.6% average annual appreciation is really an 18% return on cash to a home buyer putting down 20%.

They also assume the renter will save any difference in housing expense. However, that does not happen in reality. In their ongoing research for their paper, Beer and Cookies Impact on Homeowners’ Wealth Accumulation, Eli Beracha and Ken H. Johnson reveal that homeownership creates a ‘forced savings’ plan:

“It appears that homeownership creates extra wealth mainly through its ability to force owners to save rather than through property appreciation. Thus, homeownership appears to be a self-imposed savings plan, which through time leads to greater wealth accumulation as compared to comparable renters. In short, buying a home makes Americans save.”

And Belsky from Harvard agrees:

“Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

To further make this point, we can look at a study by the Federal Reserve which showed that the net worth of a homeowner ($174,500) is 30 times greater than that of renter ($5,100).

Bottom Line

Looking at financial advantages of homeownership from every angle still reveals that it is a much better investment than renting.
    [created_at] => 2014-05-06T06:00:55Z
    [description] => (English) Today's post is written by Steve Harney of Keeping Current Matters.

I have been a subscriber to the Wall Street Journal (WSJ) for as long as I can remember. In my opinion, it is the single greatest source of financial information and ins...
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    [title] => (English) Homeownership: This Time the Wall Street Journal Got it Wrong
    [updated_at] => 2014-05-06T14:26:33Z
    [url] => /es/2014/05/06/homeownership-this-time-the-wall-street-journal-got-it-wrong/
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(English) Homeownership: This Time the Wall Street Journal Got it Wrong

(English) Today's post is written by Steve Harney of Keeping Current Matters. I have been a subscriber to the Wall Street Journal (WSJ) for as long as I can remember. In my opinion, it is the single greatest source of financial information and ins...
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4.8 VisualMany sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.



1. Demand is about to skyrocket


Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.


These buyers are ready, willing and able to buy…and are in the market right now!



2. There Is Less Competition - For Now


Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future.


The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.



3. There Will Never Be a Better Time to Move-Up


If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 4% this year and 8% by the end of 2015. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015.


Moving up to a new home will be less expensive this spring than later this year or next year.

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    [contents] => (English) 
4.8 VisualMany sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.



1. Demand is about to skyrocket


Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.


These buyers are ready, willing and able to buy…and are in the market right now!



2. There Is Less Competition - For Now


Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future.


The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.



3. There Will Never Be a Better Time to Move-Up


If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 4% this year and 8% by the end of 2015. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015.


Moving up to a new home will be less expensive this spring than later this year or next year.

    [created_at] => 2014-05-05T06:00:10Z
    [description] => (English) Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. H...
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    [title] => (English) 3 Reasons to Sell Your Home this Spring
    [updated_at] => 2014-05-02T20:08:37Z
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(English) 3 Reasons to Sell Your Home this Spring

(English) Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. H...
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    [agents_bottom_line] => We are excited to have Nikki Buckelew back as our guest blogger for today. Nikki  is considered a leading authority on seniors real estate and housing.

Mature Couple at ParkSomeone said to me recently, “Sixty-five is the new forty-five.” We chuckled, but the more I thought about it, the more I found myself in full agreement.

With more and more people working beyond traditional retirement age and the advances in modern medicine, the lines between middle and late adulthood are becoming a bit blurred.

What makes this relevant in the world of real estate?

As our population ages, we will see more and more organizations dedicating their marketing efforts toward the “senior” demographic. You have read previous KCM blogs about the various designations agents can earn for this specific purpose, and undoubtedly you have already seen real estate professionals in your market professing to “specialize”.

Reality check — not all seniors are the same.

Just as with using any label, we run the risk of putting people into a category when they may or may not actually belong there. This is especially true of the senior segment.

Despite the label of “senior,” there are 3 distinct types of moves you may encounter as a real estate professional —  all three involve seniors, but they aren’t based necessarily on age. You see, age is not a good predictor of relocation. Instead, people generally make changes in residence based on life circumstances.

Listed below are the three primary types of moves made by those labeled as seniors:

Move #1: Amenity-based

These individuals and/or couples are seeking a certain type of lifestyle and their home is only one component of a much larger picture. When looking to sell, they are usually transferring their equity from one home to the next and can usually either pay cash or put a significant down payment towards their purchase. Depending upon employment status, they may be moving across the country for more appealing climates or seeking a place near an airport making it easier to commute. Some are moving closer to kids and grandkids, while others are moving to destination locations where the family can enjoy visiting.

Social engagement, including quality family and friend connectedness, are key decision-making elements.

Move #2:  Anticipatory / Planning

As people age, they may begin to experience changes in personal health status or become the caregiver of a spouse requiring additional care. When this occurs, people may find their current home unmanageable or no longer suited for their current situation. Moving means simplifying and making preparations for future care needs and support. With this type of move, seniors are typically looking to either buy or lease a property with minimal maintenance, accessibility features, and in close proximity to quality healthcare. Family members and adult children may be called upon at this stage to assist, and will often have some influence in the relocation process.

Access to formal and informal support, as well as low maintenance and accessibility features, are primary decision-making factors. 

Move #3: Needs-based

While most people intend to live independently until they die, unfortunately, this reality isn’t always possible. As health declines to the point where more support is needed than can be provided for within the person’s home and community, relocation is necessary. This move may involve selling the personal residence and relocating to a senior living community or into the home of a family member. In many cases, needs-based moves involve caregivers and/or family members as additional decision makers. Late-life moves involving frail elderly or those experiencing illnesses or disease processes can be highly emotionally charged and necessitate a level of empathy in addition to real estate competency.

Timing, health status, and caregiver support are keys to decision-making.

As you can see from these various different types of moves, not all seniors share the same housing needs and goals. And while specializing in the 55+ housing market appeals to many, there are actually many sub-niche opportunities within the senior segment worth exploring.

Regardless of whether you choose to make working with mature home buyers and sellers a part of your overall business plan, with at least 1 in 4 home sellers over the age of 65, there is little doubt you will work with older adults in the course of your general real estate practice.  When encountering these opportunities, it will serve you well to consider the three types of moves listed here and evaluate your value proposition accordingly, so that you can be the very best agent possible for your mature clients.
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    [contents] => We are excited to have Nikki Buckelew back as our guest blogger for today. Nikki  is considered a leading authority on seniors real estate and housing.

Mature Couple at ParkSomeone said to me recently, “Sixty-five is the new forty-five.” We chuckled, but the more I thought about it, the more I found myself in full agreement.

With more and more people working beyond traditional retirement age and the advances in modern medicine, the lines between middle and late adulthood are becoming a bit blurred.

What makes this relevant in the world of real estate?

As our population ages, we will see more and more organizations dedicating their marketing efforts toward the “senior” demographic. You have read previous KCM blogs about the various designations agents can earn for this specific purpose, and undoubtedly you have already seen real estate professionals in your market professing to “specialize”.

Reality check — not all seniors are the same.

Just as with using any label, we run the risk of putting people into a category when they may or may not actually belong there. This is especially true of the senior segment.

Despite the label of “senior,” there are 3 distinct types of moves you may encounter as a real estate professional —  all three involve seniors, but they aren’t based necessarily on age. You see, age is not a good predictor of relocation. Instead, people generally make changes in residence based on life circumstances.

Listed below are the three primary types of moves made by those labeled as seniors:

Move #1: Amenity-based

These individuals and/or couples are seeking a certain type of lifestyle and their home is only one component of a much larger picture. When looking to sell, they are usually transferring their equity from one home to the next and can usually either pay cash or put a significant down payment towards their purchase. Depending upon employment status, they may be moving across the country for more appealing climates or seeking a place near an airport making it easier to commute. Some are moving closer to kids and grandkids, while others are moving to destination locations where the family can enjoy visiting.

Social engagement, including quality family and friend connectedness, are key decision-making elements.

Move #2:  Anticipatory / Planning

As people age, they may begin to experience changes in personal health status or become the caregiver of a spouse requiring additional care. When this occurs, people may find their current home unmanageable or no longer suited for their current situation. Moving means simplifying and making preparations for future care needs and support. With this type of move, seniors are typically looking to either buy or lease a property with minimal maintenance, accessibility features, and in close proximity to quality healthcare. Family members and adult children may be called upon at this stage to assist, and will often have some influence in the relocation process.

Access to formal and informal support, as well as low maintenance and accessibility features, are primary decision-making factors. 

Move #3: Needs-based

While most people intend to live independently until they die, unfortunately, this reality isn’t always possible. As health declines to the point where more support is needed than can be provided for within the person’s home and community, relocation is necessary. This move may involve selling the personal residence and relocating to a senior living community or into the home of a family member. In many cases, needs-based moves involve caregivers and/or family members as additional decision makers. Late-life moves involving frail elderly or those experiencing illnesses or disease processes can be highly emotionally charged and necessitate a level of empathy in addition to real estate competency.

Timing, health status, and caregiver support are keys to decision-making.

As you can see from these various different types of moves, not all seniors share the same housing needs and goals. And while specializing in the 55+ housing market appeals to many, there are actually many sub-niche opportunities within the senior segment worth exploring.

Regardless of whether you choose to make working with mature home buyers and sellers a part of your overall business plan, with at least 1 in 4 home sellers over the age of 65, there is little doubt you will work with older adults in the course of your general real estate practice.  When encountering these opportunities, it will serve you well to consider the three types of moves listed here and evaluate your value proposition accordingly, so that you can be the very best agent possible for your mature clients.
    [created_at] => 2014-05-01T15:37:45Z
    [description] => We are excited to have Nikki Buckelew back as our guest blogger for today. Nikki  is considered a leading authority on seniors real estate and housing.

Someone said to me recently, “Sixty-five is the new forty-five.” We chuckled, but the more I th...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 32
    [published_at] => 2014-05-01T15:37:45Z
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    [slug] => rethinking-the-55-market
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    [title] => (English) Rethinking the 55+ Market
    [updated_at] => 2015-10-05T16:20:48Z
    [url] => /es/2014/05/01/rethinking-the-55-market/
)

(English) Rethinking the 55+ Market

We are excited to have Nikki Buckelew back as our guest blogger for today. Nikki is considered a leading authority on seniors real estate and housing. Someone said to me recently, “Sixty-five is the new forty-five.” We chuckled, but the more I th...
2401
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    [agents_bottom_line] => (English) 4.30 VisualIn a recent interview on CNBC’s ‘Squawk Box’, Robert Shiller, Nobel Prize-winning economist and founder of the Case Shiller Price Index, discussed today’s housing market in a rather personal way. 

Shiller first commented that he believes 

"There is a certain, substantial amount of momentum in the housing market—much more so than the stock market."

He then went on to make the point more personal when he revealed:

"My son just bought a house. I told him, 'Fine’."

Why was Shiller so comfortable about his son’s purchase? As he explained:

"The futures market at the CME is predicting something like 25 percent higher home prices in 2018."

The ‘guru’ of home prices just proclaimed that this was a good time for his own family to purchase a home.

That begs the question: Are you advising your adult children that now may be the perfect time to buy?
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    [content_type] => blog
    [contents] => (English) 4.30 VisualIn a recent interview on CNBC’s ‘Squawk Box’, Robert Shiller, Nobel Prize-winning economist and founder of the Case Shiller Price Index, discussed today’s housing market in a rather personal way. 

Shiller first commented that he believes 

"There is a certain, substantial amount of momentum in the housing market—much more so than the stock market."

He then went on to make the point more personal when he revealed:

"My son just bought a house. I told him, 'Fine’."

Why was Shiller so comfortable about his son’s purchase? As he explained:

"The futures market at the CME is predicting something like 25 percent higher home prices in 2018."

The ‘guru’ of home prices just proclaimed that this was a good time for his own family to purchase a home.

That begs the question: Are you advising your adult children that now may be the perfect time to buy?
    [created_at] => 2014-04-30T06:00:28Z
    [description] => (English) In a recent interview on CNBC’s ‘Squawk Box’, Robert Shiller, Nobel Prize-winning economist and founder of the Case Shiller Price Index, discussed today’s housing market in a rather personal way. 

Shiller first commented that he believes...
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    [published_at] => 2014-04-30T10:00:28Z
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    [slug] => shiller-fine-with-his-son-buying-a-home
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    [title] => (English) Shiller ‘FINE’ with his Son Buying a Home
    [updated_at] => 2014-04-28T22:12:28Z
    [url] => /es/2014/04/30/shiller-fine-with-his-son-buying-a-home/
)

(English) Shiller ‘FINE’ with his Son Buying a Home

(English) In a recent interview on CNBC’s ‘Squawk Box’, Robert Shiller, Nobel Prize-winning economist and founder of the Case Shiller Price Index, discussed today’s housing market in a rather personal way. Shiller first commented that he believes...
2401
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    [agents_bottom_line] => (English) 4.29 VisualIn a recent blog post, FreddieMac explained that “housing is stronger today than at any point since the Great Recession began and hit bottom in 2009”. They then gave three reasons which support their position:

    
	
  1. Home sales are up 13% since their low point.
    2. 
	
  2. Housing starts are up 50% since they bottomed out.
    3. 
	
  3. House Prices are up 16% since their trough.
    4. 



Projections Going Forward

FreddieMac also believes that the market will continue to improve through 2014. They projected:

    
	
  1. Home sales to increase about 3% in 2014 as the purchase market continues to evolve
    2. 
	
  2. Almost 20% growth for housing starts in 2014, which will begin to help ease tight inventories in many markets
    3. 
	
  3. Home value increases will continue their positive momentum in 2014
    4. 


Frank Nothaft, Freddie Mac vice president and chief economist, further explained what the housing market may look like in the agency’s April 2014 U.S. Economic and Housing Market Outlook:

"Tight inventory may pose a significant challenge for home buyers in many markets across the country, which may result in higher home prices and sales being lower than expected. This is good news for those markets that have room to run on the house price appreciation front, but it's also going to increase the affordability pinch in many markets, especially along the country's east and west coasts. Two indicators that are supporting local housing activity are rising consumer confidence and declining unemployment rates."

Bottom Line

The real estate market is improving every day. The biggest challenge is a lack of inventory in many markets. If you are thinking about selling, now may be the time to make the move.
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    [content_type] => blog
    [contents] => (English) 4.29 VisualIn a recent blog post, FreddieMac explained that “housing is stronger today than at any point since the Great Recession began and hit bottom in 2009”. They then gave three reasons which support their position:

    
	
  1. Home sales are up 13% since their low point.
    2. 
	
  2. Housing starts are up 50% since they bottomed out.
    3. 
	
  3. House Prices are up 16% since their trough.
    4. 



Projections Going Forward

FreddieMac also believes that the market will continue to improve through 2014. They projected:

    
	
  1. Home sales to increase about 3% in 2014 as the purchase market continues to evolve
    2. 
	
  2. Almost 20% growth for housing starts in 2014, which will begin to help ease tight inventories in many markets
    3. 
	
  3. Home value increases will continue their positive momentum in 2014
    4. 


Frank Nothaft, Freddie Mac vice president and chief economist, further explained what the housing market may look like in the agency’s April 2014 U.S. Economic and Housing Market Outlook:

"Tight inventory may pose a significant challenge for home buyers in many markets across the country, which may result in higher home prices and sales being lower than expected. This is good news for those markets that have room to run on the house price appreciation front, but it's also going to increase the affordability pinch in many markets, especially along the country's east and west coasts. Two indicators that are supporting local housing activity are rising consumer confidence and declining unemployment rates."

Bottom Line

The real estate market is improving every day. The biggest challenge is a lack of inventory in many markets. If you are thinking about selling, now may be the time to make the move.
    [created_at] => 2014-04-29T06:00:23Z
    [description] => (English) In a recent blog post, FreddieMac explained that “housing is stronger today than at any point since the Great Recession began and hit bottom in 2009”. They then gave three reasons which support their position:

	Home sales are up 13% sinc...
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    [title] => (English) FreddieMac: Housing is Stronger Today
    [updated_at] => 2014-04-29T14:09:29Z
    [url] => /es/2014/04/29/freddiemac-housing-is-stronger-today-2/
)

(English) FreddieMac: Housing is Stronger Today

(English) In a recent blog post, FreddieMac explained that “housing is stronger today than at any point since the Great Recession began and hit bottom in 2009”. They then gave three reasons which support their position: Home sales are up 13% sinc...
2401
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    [agents_bottom_line] => (English) Solid InvestmentsThe Gallup organization just released their April Economy and Personal Finances Poll which asked Americans to choose the best option for long term investment. It was no surprise to us that real estate returned to the top position over other investment categories (gold, stocks/mutual funds, savings accounts/CDs and bonds).

Back in 2011, gold was the most popular long-term investment among Americans. However, with the housing market improving across the U.S. and home prices rising, more Americans now consider real estate the best option for long-term investments.

4.28 Visual 1000

The poll also revealed that real estate was considered to be the best long term investment by all four subgroups by age and two out of three by income:

Visual3
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                    [updated_at] => 2019-06-03T18:18:43Z
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    [content_type] => blog
    [contents] => (English) Solid InvestmentsThe Gallup organization just released their April Economy and Personal Finances Poll which asked Americans to choose the best option for long term investment. It was no surprise to us that real estate returned to the top position over other investment categories (gold, stocks/mutual funds, savings accounts/CDs and bonds).

Back in 2011, gold was the most popular long-term investment among Americans. However, with the housing market improving across the U.S. and home prices rising, more Americans now consider real estate the best option for long-term investments.

4.28 Visual 1000

The poll also revealed that real estate was considered to be the best long term investment by all four subgroups by age and two out of three by income:

Visual3
    [created_at] => 2014-04-28T07:00:36Z
    [description] => (English) The Gallup organization just released their April Economy and Personal Finances Poll which asked Americans to choose the best option for long term investment. It was no surprise to us that real estate returned to the top position over other...
    [expired_at] => 
    [featured_image] => https:///
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    [published_at] => 2014-04-28T07:00:36Z
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    [slug] => gallup-poll-real-estate-best-long-term-investment
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    [title] => (English) Gallup Poll: Real Estate Best Long Term Investment
    [updated_at] => 2014-04-28T16:56:11Z
    [url] => /es/2014/04/28/gallup-poll-real-estate-best-long-term-investment/
)

(English) Gallup Poll: Real Estate Best Long Term Investment

(English) The Gallup organization just released their April Economy and Personal Finances Poll which asked Americans to choose the best option for long term investment. It was no surprise to us that real estate returned to the top position over other...
2401
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    [agents_bottom_line] => (English) 
20140425 Salaries Cities Infographic

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    [content_type] => blog
    [contents] => (English) 
20140425 Salaries Cities Infographic

    [created_at] => 2014-04-25T07:00:16Z
    [description] => (English) ...
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    [slug] => homeownership-cost-in-the-top-25-us-cities-infographic
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    [title] => (English) Homeownership Cost in the Top 25 US Cities [INFOGRAPHIC]
    [updated_at] => 2014-06-12T20:44:21Z
    [url] => /es/2014/04/25/homeownership-cost-in-the-top-25-us-cities-infographic/
)

(English) Homeownership Cost in the Top 25 US Cities [INFOGRAPHIC]

(English) ...
2401
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    [agents_bottom_line] => (English) Hispanic Father and Son in Front of Their New Home with Sold Home For Sale Real Estate Sign.This month the National Association of Hispanic Real Estate Professionals (NAHREP) released their annual State of Hispanic Homeownership Report for 2013. A 35 page report designed to highlight “the homeownership growth and household formation rates of Hispanics as well as their educational achievements, entrepreneurial endeavors, labor force profile, and purchasing power in the United States”.

This report is full of great information and you should download it and read all 35 pages. In this blog post, I will mention a few facts that, in my opinion, are relevant to all of us:

Household formation

    
	
  • Since 2010, Hispanics have accounted for a net increase of 559,000 owner households, representing 56 percent of the total net growth of owner households in the U.S.
    • 
	
  • The number of Hispanic households has grown from 9.2 million in 2000 to 14.7 million in 2013, an increase of 5.5 million, representing a growth rate of 60 percent. 
    • 
	
  • Four out of 10 new households between 2010 and 2020 are expected to be Hispanic. 
    • 
	
  • By the end of the decade, Hispanics alone will account for approximately five million net new households, out of an estimated 12 to 14 million net new households in the country.
    • 


Hispanic Millennials

    
	
  • The median age of the Hispanic population is 27 years old, which is ten years younger than the median age of the overall U.S. population. 
    • 
	
  • Hispanics are heavily represented in the 26 to 46 year age range.
    • 
	
  • A Hispanic youth turns 18 every minute of every day. 
    • 


Income

    
	
  • Hispanics with incomes between $50,000 and $100,000 represent 29 percent of all Hispanic households and comprise nearly 40 percent of Hispanic purchasing power. 
    • 
	
  • Three out of every four prosperous Hispanics are under the age of 45 and own a home. 
    • 
	
  • Twenty-two percent of all Hispanic households earn more than $75,000 annually.
    • 
	
  • The number of Hispanic-owned businesses in the U.S. nearly doubled from more than a decade ago, growing from 1.7 million in 2002 to an estimated 3.2 million in 2013. 
    • 
	
  • Latina entrepreneurs are launching businesses at a rate SIX TIMES the national average. 
    • 
	
  • Hispanic businesses contribute in excess of $465 billion to the nation’s economy annually and employ more than two million workers. 
    • 
	
  • Latinos now own one out of every 20 businesses in the U.S., while Latinas own 10 percent of all women-owned businesses.
    • 


The Hispanic community is becoming a major player in the housing market.
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    [content_type] => blog
    [contents] => (English) Hispanic Father and Son in Front of Their New Home with Sold Home For Sale Real Estate Sign.This month the National Association of Hispanic Real Estate Professionals (NAHREP) released their annual State of Hispanic Homeownership Report for 2013. A 35 page report designed to highlight “the homeownership growth and household formation rates of Hispanics as well as their educational achievements, entrepreneurial endeavors, labor force profile, and purchasing power in the United States”.

This report is full of great information and you should download it and read all 35 pages. In this blog post, I will mention a few facts that, in my opinion, are relevant to all of us:

Household formation

    
	
  • Since 2010, Hispanics have accounted for a net increase of 559,000 owner households, representing 56 percent of the total net growth of owner households in the U.S.
    • 
	
  • The number of Hispanic households has grown from 9.2 million in 2000 to 14.7 million in 2013, an increase of 5.5 million, representing a growth rate of 60 percent. 
    • 
	
  • Four out of 10 new households between 2010 and 2020 are expected to be Hispanic. 
    • 
	
  • By the end of the decade, Hispanics alone will account for approximately five million net new households, out of an estimated 12 to 14 million net new households in the country.
    • 


Hispanic Millennials

    
	
  • The median age of the Hispanic population is 27 years old, which is ten years younger than the median age of the overall U.S. population. 
    • 
	
  • Hispanics are heavily represented in the 26 to 46 year age range.
    • 
	
  • A Hispanic youth turns 18 every minute of every day. 
    • 


Income

    
	
  • Hispanics with incomes between $50,000 and $100,000 represent 29 percent of all Hispanic households and comprise nearly 40 percent of Hispanic purchasing power. 
    • 
	
  • Three out of every four prosperous Hispanics are under the age of 45 and own a home. 
    • 
	
  • Twenty-two percent of all Hispanic households earn more than $75,000 annually.
    • 
	
  • The number of Hispanic-owned businesses in the U.S. nearly doubled from more than a decade ago, growing from 1.7 million in 2002 to an estimated 3.2 million in 2013. 
    • 
	
  • Latina entrepreneurs are launching businesses at a rate SIX TIMES the national average. 
    • 
	
  • Hispanic businesses contribute in excess of $465 billion to the nation’s economy annually and employ more than two million workers. 
    • 
	
  • Latinos now own one out of every 20 businesses in the U.S., while Latinas own 10 percent of all women-owned businesses.
    • 


The Hispanic community is becoming a major player in the housing market.
    [created_at] => 2014-04-24T07:00:37Z
    [description] => (English) This month the National Association of Hispanic Real Estate Professionals (NAHREP) released their annual State of Hispanic Homeownership Report for 2013. A 35 page report designed to highlight “the homeownership growth and household formati...
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    [title] => (English) The State of Hispanic Homeownership
    [updated_at] => 2014-06-12T20:45:30Z
    [url] => /es/2014/04/24/the-state-of-hispanic-homeownership/
)

(English) The State of Hispanic Homeownership

(English) This month the National Association of Hispanic Real Estate Professionals (NAHREP) released their annual State of Hispanic Homeownership Report for 2013. A 35 page report designed to highlight “the homeownership growth and household formati...
2401
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    [agents_bottom_line] => (English) houses-with-cart1If you read certain headlines, you might be led to believe that the housing recovery has come to a screeching halt. Naysayers are claiming that rising mortgage rates and a lack of consumer confidence are keeping Americans on the fence when it comes to purchasing real estate. That is actually far from reality.

After all 12,575 houses sold yesterday, 12,575 will sell today and 12,575 will sell tomorrow. 12,575!

That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. According to the report, annualized sales now stand at 4.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 12,500 homes sell every day.

If you are considering whether or not to put your house up for sale, don't let the headlines scare you. There are purchasers in the market and they are buying - to the tune of 12,575 homes a day.
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    [content_type] => blog
    [contents] => (English) houses-with-cart1If you read certain headlines, you might be led to believe that the housing recovery has come to a screeching halt. Naysayers are claiming that rising mortgage rates and a lack of consumer confidence are keeping Americans on the fence when it comes to purchasing real estate. That is actually far from reality.

After all 12,575 houses sold yesterday, 12,575 will sell today and 12,575 will sell tomorrow. 12,575!

That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. According to the report, annualized sales now stand at 4.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 12,500 homes sell every day.

If you are considering whether or not to put your house up for sale, don't let the headlines scare you. There are purchasers in the market and they are buying - to the tune of 12,575 homes a day.
    [created_at] => 2014-04-23T07:00:53Z
    [description] => (English) If you read certain headlines, you might be led to believe that the housing recovery has come to a screeching halt. Naysayers are claiming that rising mortgage rates and a lack of consumer confidence are keeping Americans on the fence when ...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 26
    [published_at] => 2014-04-23T07:00:53Z
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    [slug] => 12575-houses-sold-yesterday
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        (
        )

    [title] => (English) 12,575 Houses Sold Yesterday!
    [updated_at] => 2014-06-12T20:46:29Z
    [url] => /es/2014/04/23/12575-houses-sold-yesterday/
)

(English) 12,575 Houses Sold Yesterday!

(English) If you read certain headlines, you might be led to believe that the housing recovery has come to a screeching halt. Naysayers are claiming that rising mortgage rates and a lack of consumer confidence are keeping Americans on the fence when ...
2401
stdClass Object
(
    [agents_bottom_line] => (English) Young Couple Moving HouseThere is a great opportunity that exists now for Millennials who are willing and able to purchase a home NOW... Here are a couple other ways to look at the cost of waiting.

Let’s say you're 30 and your dream house costs $250,000 today, at 4.41% your monthly Mortgage Payment with Interest would be $1,253.38.

But you’re busy, you like your apartment, moving is such a hassle...You decide to wait till the end of next year to buy and all of a sudden, you’re 31, that same house is $270,000, at 5.7%. Your new payment per month is $1,567.08.

The difference in payment is $313.70 PER MONTH!

That’s like taking a $10 bill and tossing it out the window EVERY DAY!

Or you could look at it this way:

    
	
  • That’s your morning coffee everyday on the way to work (Average $2) with $12 left for lunch!
    • 
	
  • There goes Friday Sushi Night! ($80 x 4)
    • 
	
  • Stressed Out? How about 3 deep tissue massages with tip!
    • 
	
  • Need a new car? You could get a brand new $22,000 car for $313.00 per month.
    • 


Let’s look at that number annually! Over the course of your new mortgage at 5.7%, your annual additional cost would be $3,764.40!

Had your eye on a vacation in the Caribbean? How about a 2-week trip through Europe? Or maybe your new house could really use a deck for entertaining.  We could come up with 100’s of ways to spend $3,764, and we’re sure you could too!

Over the course of your 30 year loan, now at age 61, hopefully you are ready to retire soon, you would have spent an additional $112,932, all because when you were 30 you thought moving in 2014 was such a hassle or loved your apartment too much to leave yet.

Or maybe there wasn’t an agent out there who educated you on the true cost of waiting a year. Maybe they thought you wouldn’t be ready, but if they showed you that you could save $112,932, you’d at least listen to what they had to say.

They say hindsight is 20/20, we’d like to think that 30 years from now when you are 60, looking back, you would say to buy now…
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                    [created_at] => 2019-06-03T18:18:43Z
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                    [updated_at] => 2019-06-03T18:18:43Z
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    [content_type] => blog
    [contents] => (English) Young Couple Moving HouseThere is a great opportunity that exists now for Millennials who are willing and able to purchase a home NOW... Here are a couple other ways to look at the cost of waiting.

Let’s say you're 30 and your dream house costs $250,000 today, at 4.41% your monthly Mortgage Payment with Interest would be $1,253.38.

But you’re busy, you like your apartment, moving is such a hassle...You decide to wait till the end of next year to buy and all of a sudden, you’re 31, that same house is $270,000, at 5.7%. Your new payment per month is $1,567.08.

The difference in payment is $313.70 PER MONTH!

That’s like taking a $10 bill and tossing it out the window EVERY DAY!

Or you could look at it this way:

    
	
  • That’s your morning coffee everyday on the way to work (Average $2) with $12 left for lunch!
    • 
	
  • There goes Friday Sushi Night! ($80 x 4)
    • 
	
  • Stressed Out? How about 3 deep tissue massages with tip!
    • 
	
  • Need a new car? You could get a brand new $22,000 car for $313.00 per month.
    • 


Let’s look at that number annually! Over the course of your new mortgage at 5.7%, your annual additional cost would be $3,764.40!

Had your eye on a vacation in the Caribbean? How about a 2-week trip through Europe? Or maybe your new house could really use a deck for entertaining.  We could come up with 100’s of ways to spend $3,764, and we’re sure you could too!

Over the course of your 30 year loan, now at age 61, hopefully you are ready to retire soon, you would have spent an additional $112,932, all because when you were 30 you thought moving in 2014 was such a hassle or loved your apartment too much to leave yet.

Or maybe there wasn’t an agent out there who educated you on the true cost of waiting a year. Maybe they thought you wouldn’t be ready, but if they showed you that you could save $112,932, you’d at least listen to what they had to say.

They say hindsight is 20/20, we’d like to think that 30 years from now when you are 60, looking back, you would say to buy now…
    [created_at] => 2014-04-22T07:00:25Z
    [description] => (English) There is a great opportunity that exists now for Millennials who are willing and able to purchase a home NOW... Here are a couple other ways to look at the cost of waiting.

Let’s say you're 30 and your dream house costs $250,000 today, a...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 25
    [published_at] => 2014-04-22T07:00:25Z
    [related] => Array
        (
        )

    [slug] => with-rates-prices-on-the-rise-do-you-know-the-true-cost-of-waiting
    [status] => published
    [tags] => Array
        (
        )

    [title] => (English) With Rates & Prices on the Rise, Do You Know the True Cost of Waiting? 
    [updated_at] => 2014-05-13T17:17:41Z
    [url] => /es/2014/04/22/with-rates-prices-on-the-rise-do-you-know-the-true-cost-of-waiting/
)

(English) With Rates & Prices on the Rise, Do You Know the True Cost of Waiting?

(English) There is a great opportunity that exists now for Millennials who are willing and able to purchase a home NOW... Here are a couple other ways to look at the cost of waiting. Let’s say you're 30 and your dream house costs $250,000 today, a...
2401
stdClass Object
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    [agents_bottom_line] => (English) wealthy houseThere 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 our parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. If you rent, the one guarantee you will have is that your rent will increase over that same thirty year time period.

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since prices and interest rates are still at bargain prices.
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                    [published_at] => 2019-06-03T18:18:43Z
                    [slug] => buyers
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                    [updated_at] => 2019-06-03T18:18:43Z
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    [content_type] => blog
    [contents] => (English) wealthy houseThere 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 our parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. If you rent, the one guarantee you will have is that your rent will increase over that same thirty year time period.

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since prices and interest rates are still at bargain prices.
    [created_at] => 2014-04-21T06:00:44Z
    [description] => (English) 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 our parents rent free, you are paying a mortgage - either y...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 24
    [published_at] => 2014-04-21T10:00:44Z
    [related] => Array
        (
        )

    [slug] => either-way-youre-still-paying-a-mortgage
    [status] => published
    [tags] => Array
        (
        )

    [title] => Either Way, You’re Still Paying a Mortgage
    [updated_at] => 2014-07-21T18:21:30Z
    [url] => /es/2014/04/21/either-way-youre-still-paying-a-mortgage/
)

Either Way, You’re Still Paying a Mortgage

(English) 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 our parents rent free, you are paying a mortgage - either y...
2401
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    [agents_bottom_line] => (English) 
A Snapshot of Homebuyers

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                    [created_at] => 2019-06-03T18:18:43Z
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                    [name] => Infografías
                    [parent] => 
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                    [published_at] => 2019-06-03T18:18:43Z
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                    [updated_at] => 2019-06-03T18:18:43Z
                )

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    [content_type] => blog
    [contents] => (English) 
A Snapshot of Homebuyers

    [created_at] => 2014-04-18T07:00:22Z
    [description] => (English) ...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 23
    [published_at] => 2014-04-18T07:00:22Z
    [related] => Array
        (
        )

    [slug] => a-snapshot-of-homeowners-infographic
    [status] => published
    [tags] => Array
        (
        )

    [title] => (English) A Snapshot of Homeowners [INFOGRAPHIC]
    [updated_at] => 2014-06-12T20:48:53Z
    [url] => /es/2014/04/18/a-snapshot-of-homeowners-infographic/
)

(English) A Snapshot of Homeowners [INFOGRAPHIC]

(English) ...
2401
stdClass Object
(
    [agents_bottom_line] => (English) Just like May flowers, every spring the housing market blossoms as buyers come out ready to purchase their dream house. This spring, we believe we are going to see the strongest purchasing market we have seen in a decade.

Why are we so bullish on the housing market this spring?

Here are a few reasons:

MILLENNIALS

Contrary to many reports, this age demographic is READY, WILLING and ABLE to become homeowners. As a matter of fact, the latest National Association of Realtors’ gender study revealed that the Millennial generation has recently accounted for a greater percentage of all buyers than any other generation.

BABY BOOMERS

As prices have risen, so has the equity in many homes across American. Homeowners, having been shackled to their house because of low or negative equity for the last several years, are again free to make a move without worrying about bringing cash to a closing table in order to sell. We believe this new-found freedom will release a pent-up demand of sellers who want to move-up to the home they’ve always dreamed of or want to downsize their primary residence and also purchase a second home they can use for vacation, retirement or both.

BOTH PRICES and MORTGAGE RATES are on the RISE

As the economy improves, more and more Americans are regaining faith that their own personal finances are headed in a positive direction. With this new confidence, they want to take advantage of the opportunity that presents itself with real estate still undervalued in most parts of the country and mortgage rates being well below historic numbers.

If you are a professional in the industry and want to learn how to leverage this opportunity and optimize your business during this spring’s real estate market, you can watch a FREE replay of our most recent webinar, Spring Ahead in 2014: KCM’s Action Plan for Dominating this Buyers’ Season.
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                    [created_at] => 2019-06-03T18:18:43Z
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                    [updated_at] => 2019-06-03T18:18:43Z
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    [content_type] => blog
    [contents] => (English) Just like May flowers, every spring the housing market blossoms as buyers come out ready to purchase their dream house. This spring, we believe we are going to see the strongest purchasing market we have seen in a decade.

Why are we so bullish on the housing market this spring?

Here are a few reasons:

MILLENNIALS

Contrary to many reports, this age demographic is READY, WILLING and ABLE to become homeowners. As a matter of fact, the latest National Association of Realtors’ gender study revealed that the Millennial generation has recently accounted for a greater percentage of all buyers than any other generation.

BABY BOOMERS

As prices have risen, so has the equity in many homes across American. Homeowners, having been shackled to their house because of low or negative equity for the last several years, are again free to make a move without worrying about bringing cash to a closing table in order to sell. We believe this new-found freedom will release a pent-up demand of sellers who want to move-up to the home they’ve always dreamed of or want to downsize their primary residence and also purchase a second home they can use for vacation, retirement or both.

BOTH PRICES and MORTGAGE RATES are on the RISE

As the economy improves, more and more Americans are regaining faith that their own personal finances are headed in a positive direction. With this new confidence, they want to take advantage of the opportunity that presents itself with real estate still undervalued in most parts of the country and mortgage rates being well below historic numbers.

If you are a professional in the industry and want to learn how to leverage this opportunity and optimize your business during this spring’s real estate market, you can watch a FREE replay of our most recent webinar, Spring Ahead in 2014: KCM’s Action Plan for Dominating this Buyers’ Season.
    [created_at] => 2014-04-17T07:00:13Z
    [description] => (English) Just like May flowers, every spring the housing market blossoms as buyers come out ready to purchase their dream house. This spring, we believe we are going to see the strongest purchasing market we have seen in a decade.

Why are we so b...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 22
    [published_at] => 2014-04-17T07:00:13Z
    [related] => Array
        (
        )

    [slug] => real-estate-this-spring-will-be-different
    [status] => published
    [tags] => Array
        (
        )

    [title] => (English) Real Estate: This Spring Will Be Different
    [updated_at] => 2015-11-18T14:26:02Z
    [url] => /es/2014/04/17/real-estate-this-spring-will-be-different/
)

(English) Real Estate: This Spring Will Be Different

(English) Just like May flowers, every spring the housing market blossoms as buyers come out ready to purchase their dream house. This spring, we believe we are going to see the strongest purchasing market we have seen in a decade. Why are we so b...
2401
stdClass Object
(
    [agents_bottom_line] => (English) We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than renting. And we believe that now is a great time to buy.

We are not the only ones that think owning has massive benefits or that now is a sensational time to plunge into owning your own home. Here are a few others:

Benefits of Owning

Joint Center for Housing Studies, Harvard University

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord…Having to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings.”

The Federal Reserve

“Renters have much lower median and mean net worth than homeowners in any survey year.”

Benefits of Buying Now

Trulia

“Buying costs less than renting in all 100 large U.S. metros… Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.”

Freddie Mac

"One thing seems certain: we are not likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012…Yes, rates are higher than they were a year ago – and certainly higher than two years ago. But if you look at the averages over the last four decades, today's rates remain historically low."
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                    [name] => Para los compradores
                    [parent] => 
                    [parent_id] => 
                    [published_at] => 2019-06-03T18:18:43Z
                    [slug] => buyers
                    [status] => public
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                    [updated_at] => 2019-06-03T18:18:43Z
                )

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    [content_type] => blog
    [contents] => (English) We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than renting. And we believe that now is a great time to buy.

We are not the only ones that think owning has massive benefits or that now is a sensational time to plunge into owning your own home. Here are a few others:

Benefits of Owning

Joint Center for Housing Studies, Harvard University

“Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord…Having to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings.”

The Federal Reserve

“Renters have much lower median and mean net worth than homeowners in any survey year.”

Benefits of Buying Now

Trulia

“Buying costs less than renting in all 100 large U.S. metros… Now, at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally.”

Freddie Mac

"One thing seems certain: we are not likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012…Yes, rates are higher than they were a year ago – and certainly higher than two years ago. But if you look at the averages over the last four decades, today's rates remain historically low."
    [created_at] => 2014-04-16T07:00:00Z
    [description] => (English) We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than ren...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 21
    [published_at] => 2014-04-16T07:00:00Z
    [related] => Array
        (
        )

    [slug] => real-estate-we-are-not-the-only-ones-saying-you-should-buy
    [status] => published
    [tags] => Array
        (
        )

    [title] => (English) Real Estate: We are NOT the Only Ones Saying You Should Buy
    [updated_at] => 2014-06-12T20:50:42Z
    [url] => /es/2014/04/16/real-estate-we-are-not-the-only-ones-saying-you-should-buy/
)

(English) Real Estate: We are NOT the Only Ones Saying You Should Buy

(English) We have never hid our belief in homeownership. That does not mean we think EVERYONE should run out and buy a house. However, if a person or family is ready, willing and able to purchase a home, we believe that owning is much better than ren...
2401
stdClass Object
(
    [agents_bottom_line] => (English) Extended family walking on beachThe sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said they’d likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of finally purchasing that vacation home (that they may eventually use in retirement) makes more and more sense as the economy improves and the housing market recovers.

If your family is thinking about purchasing that second home, now may be the perfect time. Prices are still great. If you decide to lease the property until you’re ready to occupy it full time, the rental market in most areas is very strong. And you can still get a great mortgage interest rate.

But current mortgage rates won’t last forever…

According to FreddieMac, the interest rate for a 30 year fixed rate mortgage at the beginning of April was 4.4%. However, FreddieMac predicts that mortgage rates will steadily climb over the next six quarters.

Let’s assume you want to purchase a home for $500,000 with a 20% down payment ($100,000). That would leave you with a $400,000 mortgage. What happens if you wait to buy this dream house?

Prices are projected to increase over the next year and a half. However, for this example, let’s assume prices remain the same. Your mortgage payment will still increase as mortgage rates climb to more historically normal levels.

This table shows how a principal and interest payment is impacted by a rise in interest rates:

Cost of Waiting $400K

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                    [updated_at] => 2019-06-03T18:18:43Z
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                    [slug] => mortgage-rates
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                    [updated_at] => 2019-06-03T18:18:43Z
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    [content_type] => blog
    [contents] => (English) Extended family walking on beachThe sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said they’d likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of finally purchasing that vacation home (that they may eventually use in retirement) makes more and more sense as the economy improves and the housing market recovers.

If your family is thinking about purchasing that second home, now may be the perfect time. Prices are still great. If you decide to lease the property until you’re ready to occupy it full time, the rental market in most areas is very strong. And you can still get a great mortgage interest rate.

But current mortgage rates won’t last forever…

According to FreddieMac, the interest rate for a 30 year fixed rate mortgage at the beginning of April was 4.4%. However, FreddieMac predicts that mortgage rates will steadily climb over the next six quarters.

Let’s assume you want to purchase a home for $500,000 with a 20% down payment ($100,000). That would leave you with a $400,000 mortgage. What happens if you wait to buy this dream house?

Prices are projected to increase over the next year and a half. However, for this example, let’s assume prices remain the same. Your mortgage payment will still increase as mortgage rates climb to more historically normal levels.

This table shows how a principal and interest payment is impacted by a rise in interest rates:

Cost of Waiting $400K

    [created_at] => 2014-04-15T07:00:42Z
    [description] => (English) The sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said they’d likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 20
    [published_at] => 2014-04-15T07:00:42Z
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        (
        )

    [slug] => thinking-of-buying-a-vacationretirement-home-why-wait
    [status] => published
    [tags] => Array
        (
        )

    [title] => Thinking of Buying a Vacation/Retirement Home? Why Wait?
    [updated_at] => 2015-06-08T10:35:14Z
    [url] => /es/2014/04/15/thinking-of-buying-a-vacationretirement-home-why-wait/
)

Thinking of Buying a Vacation/Retirement Home? Why Wait?

(English) The sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said they’d likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of...
2401
stdClass Object
(
    [agents_bottom_line] => (English) 4.14 BlogThe housing market is recovering nicely. Prices have increased nationally by double digits over the last twelve months. Competition from the shadow inventory of lower priced distressed properties (foreclosures and short sales) is diminishing rapidly. Now may be the perfect time to sell your home and move to the dream house or beautiful location your family has always talked about.

The one suggestion we would definitely offer: DON’T OVERPRICE IT!!

Even though prices have increased by more than 10% over the last year, the acceleration of appreciation has slowed dramatically over the last few months. As an example, in their April Home Price Index Report, CoreLogic revealed that home prices actually depreciated by .08% this month as compared to last month’s report. What concerns us is that Trulia just reported that asking prices are still continuing to increase.

Because investor purchases are declining and there are more listings coming onto the market, we believe that sellers should be very cautious when they price their house. The alternative might be that you could lose money by overpricing your home at the start as explained in a research study on the matter.

Bottom Line

Though it is a great time to sell your house, pricing it right is crucial. Get guidance from a real estate professional in your marketplace to ensure you get the best deal possible.
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                    [name] => Para los vendedores
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                    [updated_at] => 2019-06-03T18:18:43Z
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    [content_type] => blog
    [contents] => (English) 4.14 BlogThe housing market is recovering nicely. Prices have increased nationally by double digits over the last twelve months. Competition from the shadow inventory of lower priced distressed properties (foreclosures and short sales) is diminishing rapidly. Now may be the perfect time to sell your home and move to the dream house or beautiful location your family has always talked about.

The one suggestion we would definitely offer: DON’T OVERPRICE IT!!

Even though prices have increased by more than 10% over the last year, the acceleration of appreciation has slowed dramatically over the last few months. As an example, in their April Home Price Index Report, CoreLogic revealed that home prices actually depreciated by .08% this month as compared to last month’s report. What concerns us is that Trulia just reported that asking prices are still continuing to increase.

Because investor purchases are declining and there are more listings coming onto the market, we believe that sellers should be very cautious when they price their house. The alternative might be that you could lose money by overpricing your home at the start as explained in a research study on the matter.

Bottom Line

Though it is a great time to sell your house, pricing it right is crucial. Get guidance from a real estate professional in your marketplace to ensure you get the best deal possible.
    [created_at] => 2014-04-14T07:00:49Z
    [description] => (English) The housing market is recovering nicely. Prices have increased nationally by double digits over the last twelve months. Competition from the shadow inventory of lower priced distressed properties (foreclosures and short sales) is diminishin...
    [expired_at] => 
    [featured_image] => https://files.keepingcurrentmatters.com/wp-content/uploads/2014/04/07191414/4.14-Blog.jpg
    [id] => 19
    [public_bottom_line] => Aunque es un buen momento para vender su casa, el ponerle el precio correcto es crucial. Obtenga orientación de su profesional de bienes raíces en su mercado para garantizar el mejor negocio posible.
414 ad

    [published_at] => 2014-04-14T11:00:13Z
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    [slug] => want-to-sell-your-house-price-it-right-2014
    [status] => published
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    [title] => ¿Quiere Vender su casa? ¡Póngale el precio correcto!
    [updated_at] => 2023-01-20T17:03:33Z
    [url] => /es/2014/04/14/want-to-sell-your-house-price-it-right-2014/
)

¿Quiere Vender su casa? ¡Póngale el precio correcto!

(English) The housing market is recovering nicely. Prices have increased nationally by double digits over the last twelve months. Competition from the shadow inventory of lower priced distressed properties (foreclosures and short sales) is diminishin...
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Belief in Homeownership

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Belief in Homeownership

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    [description] => (English) ...
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    [title] => (English) Belief in Homeownership [INFOGRAPHIC] 
    [updated_at] => 2014-06-12T20:52:43Z
    [url] => /es/2014/04/11/belief-in-homeownership-infographic/
)

(English) Belief in Homeownership [INFOGRAPHIC]

(English) ...
2401
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    [agents_bottom_line] => (English) 
The American desire to own a second home as a vacation home is alive and well!

The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investment and Vacation Home Buyers Survey shows vacation home sales improved substantially in 2013.

NAR Chief Economist Lawrence Yun said favorable conditions are driving second-home sales:

“Growth in the equity markets has greatly benefited high net-worth households, thereby providing the wherewithal and confidence to purchase recreational property,” he said. “However, vacation-home sales are still about one-third below the peak activity seen in 2006.”

Here are the key findings from the report:

Raw Numbers


    
	
  • Vacation-Home sales rose 29.7 percent to 717,000 from 553,000 in 2012
    • 
	
  • Sales accounted for 13% of all transactions last year, up from 11% in 2012
    • 
	
  • The median price was $168,700, compared with $150,000 in 2012, reflecting a greater number of more expensive recreational property sales in 2013
    • 
	
  • 42% of vacation homes purchased in 2013 were distressed homes (in foreclosure or short sale)
    • 



Buyer Profile


    
	
  • The typical vacation-home buyer was 43 years old
    • 
	
  • The median household income was $85,600
    • 
	
  • Buyers plan to own their recreational property for a median of 6 years
    • 
	
  • 33% said they were likely to purchase another vacation home within two years
    • 
	
  • 82% of all second-home buyers said it was a good time to buy (compared with 67% of primary residence buyers)
    • 



Reasons for Purchasing


Lifestyle factors remain the primary motivation for vacation-home buyers:

    
	
  • 87% want to use the property for vacations or as a family retreat
    • 
	
  • 31% plan to use it as a primary residence in the future
    • 
	
  • 28% wanted to diversify their investments or saw a good investment opportunity
    • 
	
  • 23% plan to rent to others
    • 



Location


    
	
  • 41% of vacation homes purchased last year were in the South
    • 
	
  • 28% in the West
    • 
	
  • 18% in the Northeast
    • 
	
  • 14% in the Midwest
    • 


The vacation homebuyer purchased a property that was a median distance of 180 miles from their primary residence (down from 435 in 2012)

    
	
  • 46% were within 100 miles
    • 
	
  • 34% were more than 500 miles
    • 



Financing


    
	
  • 38% of vacation-home buyers paid cash in 2013
    • 
	
  • The median down payment was 30%, up from 27% in 2012
    • 


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    [content_type] => blog
    [contents] => (English) 
The American desire to own a second home as a vacation home is alive and well!

The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investment and Vacation Home Buyers Survey shows vacation home sales improved substantially in 2013.

NAR Chief Economist Lawrence Yun said favorable conditions are driving second-home sales:

“Growth in the equity markets has greatly benefited high net-worth households, thereby providing the wherewithal and confidence to purchase recreational property,” he said. “However, vacation-home sales are still about one-third below the peak activity seen in 2006.”

Here are the key findings from the report:

Raw Numbers


    
	
  • Vacation-Home sales rose 29.7 percent to 717,000 from 553,000 in 2012
    • 
	
  • Sales accounted for 13% of all transactions last year, up from 11% in 2012
    • 
	
  • The median price was $168,700, compared with $150,000 in 2012, reflecting a greater number of more expensive recreational property sales in 2013
    • 
	
  • 42% of vacation homes purchased in 2013 were distressed homes (in foreclosure or short sale)
    • 



Buyer Profile


    
	
  • The typical vacation-home buyer was 43 years old
    • 
	
  • The median household income was $85,600
    • 
	
  • Buyers plan to own their recreational property for a median of 6 years
    • 
	
  • 33% said they were likely to purchase another vacation home within two years
    • 
	
  • 82% of all second-home buyers said it was a good time to buy (compared with 67% of primary residence buyers)
    • 



Reasons for Purchasing


Lifestyle factors remain the primary motivation for vacation-home buyers:

    
	
  • 87% want to use the property for vacations or as a family retreat
    • 
	
  • 31% plan to use it as a primary residence in the future
    • 
	
  • 28% wanted to diversify their investments or saw a good investment opportunity
    • 
	
  • 23% plan to rent to others
    • 



Location


    
	
  • 41% of vacation homes purchased last year were in the South
    • 
	
  • 28% in the West
    • 
	
  • 18% in the Northeast
    • 
	
  • 14% in the Midwest
    • 


The vacation homebuyer purchased a property that was a median distance of 180 miles from their primary residence (down from 435 in 2012)

    
	
  • 46% were within 100 miles
    • 
	
  • 34% were more than 500 miles
    • 



Financing


    
	
  • 38% of vacation-home buyers paid cash in 2013
    • 
	
  • The median down payment was 30%, up from 27% in 2012
    • 


    [created_at] => 2014-04-10T07:00:41Z
    [description] => (English) The American desire to own a second home as a vacation home is alive and well!
The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investmen...
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    [title] => (English) Vacation Home Property Sales Surge
    [updated_at] => 2014-06-12T20:54:19Z
    [url] => /es/2014/04/10/vacation-home-property-sales-surge/
)

(English) Vacation Home Property Sales Surge

(English) The American desire to own a second home as a vacation home is alive and well! The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investmen...
2401
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    [agents_bottom_line] => (English) 4.9 VisualOver the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question.

Some of the findings revealed in their report:


    
	
  • The average American family has a net worth of $77,300
    • 
	
  • Of that net worth, 61.4% ($47,500) of it is in home equity
    • 
	
  • A homeowner’s net worth is over thirty times greater than that of a renter
    • 
	
  • The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100
    • 



Bottom Line




The Fed study found that homeownership is still a great way for a family to build wealth in America.



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    [content_type] => blog
    [contents] => (English) 4.9 VisualOver the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A study by the Federal Reserve formally answered this question.

Some of the findings revealed in their report:


    
	
  • The average American family has a net worth of $77,300
    • 
	
  • Of that net worth, 61.4% ($47,500) of it is in home equity
    • 
	
  • A homeowner’s net worth is over thirty times greater than that of a renter
    • 
	
  • The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100
    • 



Bottom Line




The Fed study found that homeownership is still a great way for a family to build wealth in America.



    [created_at] => 2014-04-09T07:00:54Z
    [description] => (English) Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A stu...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 16
    [published_at] => 2014-04-09T07:00:54Z
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    [slug] => homeownerships-impact-on-net-worth-2
    [status] => published
    [tags] => Array
        (
        )

    [title] => (English) Homeownership’s Impact on Net Worth
    [updated_at] => 2014-06-12T20:55:44Z
    [url] => /es/2014/04/09/homeownerships-impact-on-net-worth-2/
)

(English) Homeownership’s Impact on Net Worth

(English) Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. A stu...
2401
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    [agents_bottom_line] => (English) 4.8 VisualMany sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.

1. Demand is about to skyrocket

Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.

These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition - For Now

Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future.

The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.

3. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 4% this year and 8% by the end of 2015. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015.

Moving up to a new home will be less expensive this spring than later this year or next year.

If you are a real estate professional and want great information on where prices and interest rates are headed over the next 18 months, we cover both in the March edition of Keeping Current Matters. If you are already one of our 6,000+ members, login in to get the educational resources you need to intelligently discuss the future of values and interest rates with your clients.
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    [content_type] => blog
    [contents] => (English) 4.8 VisualMany sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.

1. Demand is about to skyrocket

Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.

These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition - For Now

Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future.

The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.

3. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 4% this year and 8% by the end of 2015. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015.

Moving up to a new home will be less expensive this spring than later this year or next year.

If you are a real estate professional and want great information on where prices and interest rates are headed over the next 18 months, we cover both in the March edition of Keeping Current Matters. If you are already one of our 6,000+ members, login in to get the educational resources you need to intelligently discuss the future of values and interest rates with your clients.
    [created_at] => 2014-04-08T07:00:04Z
    [description] => (English) Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. H...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 15
    [published_at] => 2014-04-08T07:00:04Z
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    [slug] => 3-reasons-to-sell-your-home-this-spring-2
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    [title] => (English) 3 Reasons to Sell Your Home this Spring
    [updated_at] => 2014-06-12T21:00:16Z
    [url] => /es/2014/04/08/3-reasons-to-sell-your-home-this-spring-2/
)

(English) 3 Reasons to Sell Your Home this Spring

(English) Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. H...
2401
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    [agents_bottom_line] => (English) HomePercentageWe have often talked about the difference between COST and PRICE. 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 about price but instead about the ‘long term cost’ of the home. Let us explain.

Recently, we reported that a nationwide panel of over one hundred economists, real estate experts and investment & market strategists projected that home values would appreciate by approximately 8% from now to the end of 2015.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30 year fixed mortgage rate will be 5.7% by the end of next year.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

Cost-of-Waiting0407

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                    [updated_at] => 2019-06-03T18:18:43Z
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    [content_type] => blog
    [contents] => (English) HomePercentageWe have often talked about the difference between COST and PRICE. 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 about price but instead about the ‘long term cost’ of the home. Let us explain.

Recently, we reported that a nationwide panel of over one hundred economists, real estate experts and investment & market strategists projected that home values would appreciate by approximately 8% from now to the end of 2015.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30 year fixed mortgage rate will be 5.7% by the end of next year.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

Cost-of-Waiting0407

    [created_at] => 2014-04-07T07:00:08Z
    [description] => (English) We have often talked about the difference between COST and PRICE. 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...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 14
    [published_at] => 2014-04-07T07:00:08Z
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    [slug] => a-homes-cost-vs-price-explained
    [status] => published
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        (
        )

    [title] => (English) A Home’s Cost vs. Price Explained
    [updated_at] => 2014-06-12T21:01:54Z
    [url] => /es/2014/04/07/a-homes-cost-vs-price-explained/
)

(English) A Home’s Cost vs. Price Explained

(English) We have often talked about the difference between COST and PRICE. 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...
2401
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    [agents_bottom_line] => (English) 
Texting-584x1024

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                    [updated_at] => 2019-06-03T18:18:43Z
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    [content_type] => blog
    [contents] => (English) 
Texting-584x1024

    [created_at] => 2014-04-04T07:00:14Z
    [description] => (English) ...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 13
    [published_at] => 2014-04-04T07:00:14Z
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    [slug] => millennials-texting-about-buying-a-home-infographic-2
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    [title] => (English) Millennials: Texting About Buying A Home [INFOGRAPHIC]
    [updated_at] => 2014-06-12T21:03:42Z
    [url] => /es/2014/04/04/millennials-texting-about-buying-a-home-infographic-2/
)

(English) Millennials: Texting About Buying A Home [INFOGRAPHIC]

(English) ...
2401
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    [agents_bottom_line] => (English) Today, Justin DeCesare returns as our guest blogger.  Justin is the CEO of Middleton & Associates Real Estate in La Jolla, CA. - The KCM Crew

Millennials have become an important topic of discussion for media outlets and blogs throughout the Country. While some argue that my generation is blossoming later than our predecessors, optimists such as myself believe that with our rebounding economy will help Millennials finally arrive in the economic arena that allows them the growth potential generations before us were afforded.

While I truly believe Millennials are positioned to become an important force in the new economy, the widening economic policy that minimizes retirement accounts and creates underemployment of Millennials threatens what is now America’s largest demographic.

In his post for MSN, Austin Thompson points out that Millennials are now in peak childbearing age, and from a Real Estate, as well as a parental Standpoint, what goes hand in hand with raising a family is the desire to own a home.

Families want to put down roots. They want to know they have a certain level of security if possible, while growing some form of equity for retirement.

While slashing pensions and lower wages certainly puts a strain on Millennial workers, the ability to purchase Real Estate can still be a saving grace in the Millennial financial planning process.

As agents and brokers, we are meant to advise our clients. We can’t change the fact that outside economic factors can have a negative impact on the lives of our clients. What we can do is try and help Millennials understand that they can take their future, and subsequently their retirement, into their own hands.

Chances are, your average Millennial client, like their parents, will not be starting out with a beach front multi-million dollar estate. Our job, is to help explain the path that starting in smaller affordable homes now will have down the road, how it will help them grow, and how it will help them take control of their livelihood.

Do more than sell my generation a house…help them build a future.
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    [contents] => (English) Today, Justin DeCesare returns as our guest blogger.  Justin is the CEO of Middleton & Associates Real Estate in La Jolla, CA. - The KCM Crew

Millennials have become an important topic of discussion for media outlets and blogs throughout the Country. While some argue that my generation is blossoming later than our predecessors, optimists such as myself believe that with our rebounding economy will help Millennials finally arrive in the economic arena that allows them the growth potential generations before us were afforded.

While I truly believe Millennials are positioned to become an important force in the new economy, the widening economic policy that minimizes retirement accounts and creates underemployment of Millennials threatens what is now America’s largest demographic.

In his post for MSN, Austin Thompson points out that Millennials are now in peak childbearing age, and from a Real Estate, as well as a parental Standpoint, what goes hand in hand with raising a family is the desire to own a home.

Families want to put down roots. They want to know they have a certain level of security if possible, while growing some form of equity for retirement.

While slashing pensions and lower wages certainly puts a strain on Millennial workers, the ability to purchase Real Estate can still be a saving grace in the Millennial financial planning process.

As agents and brokers, we are meant to advise our clients. We can’t change the fact that outside economic factors can have a negative impact on the lives of our clients. What we can do is try and help Millennials understand that they can take their future, and subsequently their retirement, into their own hands.

Chances are, your average Millennial client, like their parents, will not be starting out with a beach front multi-million dollar estate. Our job, is to help explain the path that starting in smaller affordable homes now will have down the road, how it will help them grow, and how it will help them take control of their livelihood.

Do more than sell my generation a house…help them build a future.
    [created_at] => 2014-04-03T06:00:19Z
    [description] => (English) Today, Justin DeCesare returns as our guest blogger.  Justin is the CEO of Middleton & Associates Real Estate in La Jolla, CA. - The KCM Crew

Millennials have become an important topic of discussion for media outlets and blogs throug...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 12
    [published_at] => 2014-04-03T10:00:19Z
    [related] => Array
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    [slug] => millennials-income
    [status] => published
    [tags] => Array
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    [title] => (English) Millennials & Income
    [updated_at] => 2014-07-21T18:13:10Z
    [url] => /es/2014/04/03/millennials-income/
)

(English) Millennials & Income

(English) Today, Justin DeCesare returns as our guest blogger.  Justin is the CEO of Middleton & Associates Real Estate in La Jolla, CA. - The KCM Crew Millennials have become an important topic of discussion for media outlets and blogs throug...
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    [agents_bottom_line] => (English) Nielsen recently released their report “Millennials – Breaking the Myths” and today I want to focus on the information reported about Hispanic Millennials.

Of the 77 million Millennials, 19% are Hispanic. This group (age 18-36) is the most racially and ethnically diverse than any previous generation. According to this report, Nielsen expects the Hispanic population to grow by 167% by 2050.

Millennials are 14% first generation, and 12% second generation Americans, keeping strong ties to their home country, culture and language. For example:

1. 63% of the Millennials feel it is their responsibility to care for an elderly parent, according to Nielsen: “this is partially tied to the ethnic diversity of the generation. Typically ‘Hispanic and Asian Americans’ have cultural expectations that elderly family members will be cared for by the younger generations.”

This can help you to understand why when a Hispanic Millennial is looking for a home, they are requesting that extra bedroom.

2. 65% of Hispanic Millennials are U.S. Born and are more bilingual than other generations

    
	
  • In 2003, 34% were Spanish dominant, 44% English dominant, 22% bilingual
    • 
	
  • In 2013, 31% were Spanish dominant, 31% English dominant, 38% bilingual
    • 


“Today, the bilingual Hispanic is the dominant group within these Millennials.” According to this report, this is telling us that “Hispanics are choosing to speak more Spanish and maintain cultural ties.”

Where are they looking for homes?

This report revealed “62% of the Millennials prefer to live in the type of mixed-use communities found in urban centers where they live in close proximity to a mix of shopping, restaurants and offices. This is the first time since the 1920s where the growth in U.S. cities outpaces growth outside of the cities. And, 40 percent say they would like to live in an urban area in the future. 

The “American Dream” is transitioning from the white picket fence in the suburbs to the historic brownstone stoop in the heart of the city” and the markets with a major concentration of Millennials reflect this desire:

Top 10 markets for Millennials (by %):

    
	
  • Austin, TX (16%)
    • 
	
  • Salt Lake City, UT (15%)
    • 
	
  • San Diego, CA (15%)
    • 
	
  • Los Angeles, CA (14%)
    • 
	
  • Denver, CO (14%)
    • 
	
  • Washington, DC (14%)
    • 
	
  • Houston, TX (14%)
    • 
	
  • Las Vegas, NV (14%)
    • 
	
  • San Francisco, CA (14%)
    • 
	
  • Dallas-Ft. Worth, TX (14%)
    • 


Do you have an urban center in your market place? If you already know that 40 percent say they will like to live in an urban area in the future. Are Hispanic Millennials a part of your business plan?
    [assets] => Array
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        )

    [content_type] => blog
    [contents] => (English) Nielsen recently released their report “Millennials – Breaking the Myths” and today I want to focus on the information reported about Hispanic Millennials.

Of the 77 million Millennials, 19% are Hispanic. This group (age 18-36) is the most racially and ethnically diverse than any previous generation. According to this report, Nielsen expects the Hispanic population to grow by 167% by 2050.

Millennials are 14% first generation, and 12% second generation Americans, keeping strong ties to their home country, culture and language. For example:

1. 63% of the Millennials feel it is their responsibility to care for an elderly parent, according to Nielsen: “this is partially tied to the ethnic diversity of the generation. Typically ‘Hispanic and Asian Americans’ have cultural expectations that elderly family members will be cared for by the younger generations.”

This can help you to understand why when a Hispanic Millennial is looking for a home, they are requesting that extra bedroom.

2. 65% of Hispanic Millennials are U.S. Born and are more bilingual than other generations

    
	
  • In 2003, 34% were Spanish dominant, 44% English dominant, 22% bilingual
    • 
	
  • In 2013, 31% were Spanish dominant, 31% English dominant, 38% bilingual
    • 


“Today, the bilingual Hispanic is the dominant group within these Millennials.” According to this report, this is telling us that “Hispanics are choosing to speak more Spanish and maintain cultural ties.”

Where are they looking for homes?

This report revealed “62% of the Millennials prefer to live in the type of mixed-use communities found in urban centers where they live in close proximity to a mix of shopping, restaurants and offices. This is the first time since the 1920s where the growth in U.S. cities outpaces growth outside of the cities. And, 40 percent say they would like to live in an urban area in the future. 

The “American Dream” is transitioning from the white picket fence in the suburbs to the historic brownstone stoop in the heart of the city” and the markets with a major concentration of Millennials reflect this desire:

Top 10 markets for Millennials (by %):

    
	
  • Austin, TX (16%)
    • 
	
  • Salt Lake City, UT (15%)
    • 
	
  • San Diego, CA (15%)
    • 
	
  • Los Angeles, CA (14%)
    • 
	
  • Denver, CO (14%)
    • 
	
  • Washington, DC (14%)
    • 
	
  • Houston, TX (14%)
    • 
	
  • Las Vegas, NV (14%)
    • 
	
  • San Francisco, CA (14%)
    • 
	
  • Dallas-Ft. Worth, TX (14%)
    • 


Do you have an urban center in your market place? If you already know that 40 percent say they will like to live in an urban area in the future. Are Hispanic Millennials a part of your business plan?
    [created_at] => 2014-04-02T06:00:41Z
    [description] => (English) Nielsen recently released their report “Millennials – Breaking the Myths” and today I want to focus on the information reported about Hispanic Millennials.

Of the 77 million Millennials, 19% are Hispanic. This group (age 18-36) is the mo...
    [expired_at] => 
    [featured_image] => https:///
    [id] => 11
    [published_at] => 2014-04-02T10:00:41Z
    [related] => Array
        (
        )

    [slug] => hispanic-millennials-housing
    [status] => published
    [tags] => Array
        (
        )

    [title] => (English) Hispanic Millennials & Housing
    [updated_at] => 2014-07-21T18:12:45Z
    [url] => /es/2014/04/02/hispanic-millennials-housing/
)

(English) Hispanic Millennials & Housing

(English) Nielsen recently released their report “Millennials – Breaking the Myths” and today I want to focus on the information reported about Hispanic Millennials. Of the 77 million Millennials, 19% are Hispanic. This group (age 18-36) is the mo...