The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think now is a bad time to put their house on the market. In fact, the opposite is true.
Read MoreEvery homeowner wants to make sure that they maximize their financial reward when selling their home. However, how do you guarantee that you receive the maximum value for your house?
Read MoreThere is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market.
Read MoreIf you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!
Read MoreThe primary concern among millennials is affordability. It’s clear that they want to buy. However, there are plenty of misconceptions about what is really required to purchase a home. A little clarity may be the extra boost they need.
Read MoreIf you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located.
Read MoreThe Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The survey shows that the main reason non-homeowners do not own their own homes is that they believe they cannot afford them.
Read MoreWhen the results were broken down by the parent’s age, millennials (those 18-36) led the way. 74% of homeowners saying that their child’s opinion was a factor in choosing which home to buy. Eighty-three percent of renters believe that their child’s opinion would be a deciding factor when looking to purchase a home.
Read MorePeople often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is not a good time to rent.
Read MoreMortgage interest rates have increased by more than half of a point since the beginning of the year and will likely increase by an additional half before 2019. With this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry disagree.
Read MoreHere are five reasons listing your home for sale this summer makes sense.
Read MoreFor Sale by Owner (FSBO) is when homeowners sell their own homes. Often times they rationalize that they don’t need a real estate agent and believe that they can save money on the services a real estate agent offers.
Read MoreMortgage interest rates have risen by more than half of a point since the beginning of the year. Many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true.
Read MoreLast week we discussed how national home prices have increased by 6.7%. Additionally, interest rates have remained historically low which has allowed for more buyers to enter the market. The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year.
Read MoreHomes are appreciating, which is what makes buying one such an excellent investment. According to Pulsenomics’ most recent Home Price Expectation Survey, home prices are expected to appreciate, on average, by 3.6% per year over the next 5 years and grow 18.2% cumulatively. What does that mean for homeowners? Equity and more of it.
Read MoreDuring spring and summer, we see an influx of buyers competing for the same properties. An active marketplace demands that buyers set themselves apart from each other. One of the easiest ways to do that is to show how serious they are about purchasing a home. Getting pre-approved for a mortgage demonstrates dedication, expedites the loan process and provides an accurate view of the buyer’s budget. To us, starting the buying process with a pre-approval is an absolute must. Otherwise, you’re going into the market blind to what you can afford.
Read MoreHousing prices are high, but would you believe that the actual cost of homes is lower today than ever before? Historically prices were lower, however, wages were also lower while mortgage rates were higher. Keeping that in mind, the actual cost to own is cheaper now.
Read MoreThere is more to selling a house than just putting it on the market – especially in a busy season like spring. With these tips, you’ll be more likely to make an impression on prospective buyers. Last week we talked about Improving Your House’s Curb Appeal. This week we’ll tell you how to make your buyers feel at home (and inspiring them to actually make it their home!).
Read MoreThere is more to selling a house than just putting it on the market – especially in a busy season like spring. With these tips, you’ll be more likely to make an impression on prospective buyers. This is something real estate agents consider very important this time of year.
Read MoreNow is a great time to upgrade to a luxury home if you’re ready. Last month, The Institute for Luxury Home Marketing released its Luxury Market Report showing that buyers are in control of the previously balanced luxury market. With available properties far exceeding willing buyers, more luxury homes are entering the market and staying there longer. For the ready buyer, this can lead to discounted prices and friendlier negotiations on absolutely premium pieces of real estate.
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