Many studies suggest one of the main reasons for the inventory shortage in todayâs market of homes for sale is that older generations have chosen to âage in placeâ over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NARâs findings show that Baby Boomers (43%) and the Silent […]
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Starting the Search for Your Dream Home? Here Are 5 Tips!
In todayâs real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you arenât prepared. In a realtor.com article entitled, âHow to Find Your Dream HomeâWithout Losing Your Mind,â the author highlights some steps that first-time homebuyers can take to help carry their excitement […]
Read MoreTop Days to List Your Home for Sale [INFOGRAPHIC]
Some Highlights: ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale. The top five days to list your home brought in a 10% premium over market value and are all in […]
Read MoreWhat is Really Happening with Home Prices?
Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expected economy and a good spring housing market […]
Read More4 Tips for Making a Competitive Offer
So, youâve been searching for that perfect house to call âhome,â and youâve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house yours comes true! Below are 4 steps […]
Read MoreNew Research Shows Housing Is Affordable For First-Time Buyers
Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns. The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their […]
Read MoreA Lack of Inventory Continues to Impact the Housing Market
The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up and distressed sales (foreclosures and short sales) have fallen to their lowest point in years. The market will continue to strengthen in 2019. However, there is one thing that […]
Read MoreA Tale of Two Markets [INFOGRAPHIC]
Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium home markets which is causing prices […]
Read MoreMainstream Concerns about an Economic Slowdown Revisited
Recently, we reported that many believe a recession could happen within the next two years. We explained that 70% of economists and market analysts surveyed last year believe that a recession will occur in 2019 or 2020 and that 42% of consumers currently looking to purchase a home also agree that a recession will occur […]
Read MoreThe Benefits of a 20% Down Payment
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you wonât be able to secure a mortgage. The truth […]
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