There’s no denying that the real estate market is hot right now. The need for homes that cater towards consumers’ desired lifestyles in the wake of COVID-19 paired with low-interest rates has created an environment where buying a home is a top priority on everyone’s to-do-list.
Read MoreWhile early February spotlights Groundhog Day and the annual prediction of spring’s arrival, the Colorado housing market just keeps reliving its long-term storyline of low inventory and high demand with no predictable change in sight, according to the January 2021 housing data from the Colorado Association of REALTORS® (CAR).
Read MoreConnecticut home purchases surged into the new year, as sales in January — typically a slow month coming off the holiday — reached a 15-year high for the month, with last year’s hot market showing little sign of cooling off, a new report shows.
Read MoreWe may have started a new calendar year, but Denver’s real estate market didn’t change—prices are still high, and inventory remains low. And, to no surprise, January was another record-breaking month in several categories.
Read MoreEach year, LIV Sotheby’s International Realty produces a year-end Micro Market Report, which summarizes Denver Metro’s market performance last year compared to the previous year. For 2020, the report paints a picture of strength and resilience through appreciating home values, rising property sales, and accelerating market speeds.
Read MoreRealtors in the Hudson Gateway Association of Realtors’ market area that includes the lower Hudson Valley region, adapted to state-imposed restrictions early in the pandemic and rode the wave of pent-up buyer demand to post sales increases as compared to 2019 activity.
Read MoreThe see-saw year, aka 2020, ended on an astonishingly high note for real estate practitioners in the Lower Hudson Valley, according to the 2020 Fourth Quarter Residential Real Estate Sales Report for Westchester, Putnam, Rockland, Orange, Sullivan, and Bronx counties released on Jan. 5 by OneKey MLS.
Read MoreOne of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works:
Read MoreMortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market. Here’s what you need to know about 2019 interest rates.
Read MoreEvery three years, the Federal Reserve conducts its Survey of Consumer Finances. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).
Read MoreMany of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers. These will help you understand how your home equity increases.
Read MoreInvestors account for over 10% of all home purchases. That number is only continuing to rise. Who are these investors?
Read MoreAmericans can expect an estimated average tax refund of $3,143 according to the IRS. This is down slightly from the average refund of $3,436 last year. Tax refunds can be considered extra money to use toward larger goals. For anyone looking to buy a home in 2019, this can be a great jump start toward a down payment!
Read MoreAccording to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. February 2018 was the last time we saw these rates.
Read MoreRecently, David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and speaker, wrote an article in Forbes explaining how investing in real estate could help build family wealth. Many of the points he made also apply to a family owning their own home. Here are a few:
Read MoreInterest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.
Read MoreEvery homeowner wants to make sure they maximize their financial reward when they sell their home. But how do you guarantee that you receive the maximum value for your house?
Read MoreThere are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions:
Read MoreBetween 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.
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