Homeownership The American Dream… Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials – agree homeownership is very important to achieving the American Dream.” Americans ranked “owning a home I love”…
Selling Your Home? Inventory / your competitors are coming! The number of building permits issued for single-family homes is the best indicator of how many newly built homes will increase inventory over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the…
Get Value for Your Home Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW This may seem…
Supply and Demand housing inventory… There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light…
Did Your Home Sell? There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly. If your home is…
What You Want vs. What You Need – Dream Home… In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your dream home search. If you’ve been thinking about buying a home of your own for some time now,…
Down Payment Under 10%… According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with a down payment under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie…
Don’t Let Your FICO® Score Keep You From Your New Home? The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market due to their FICO® score. One such study by the Wharton School of Business at…
What’s Your Home’s Value? The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline, “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011,…
Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year. The…
Think about Your Home Value… Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on…
Housing Shortage… The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The underlying fundamental issue is an overwhelming lack of supply… The…
FSBOs don’t actually save the commission… One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs…
Boomerang Buyers Ready to Re-Enter the Real Estate Market.. We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019…Boomerang Buyers. Recently, HousingWire…
The Best Possible Price…Use a Real Estate Professional When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way, which is why they use a real estate professional. However, for the vast majority of sellers, the most important result is…
To Home Stage…or Not to Home Stage? Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize…
Homeowner’s Opinion According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners opinion think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this…
Low Home Inventory – Demand is High! First-time home buyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of home ownership a reality. Unfortunately for many, the low inventory of starter and trade-up homes in the US has struggled to keep up…
3 Home Buying Questions to Ask… If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask…
What’s Your Homeowner’s Net Worth? Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). The latest…
Millennials, Are You Ready to Sell? Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise. Many…
Ready for a Change? The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty…
How much equity? CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year. The study also revealed that: Roughly 63% of all homeowners have seen their equity increase…
Ready to list your home? What are your plans for the future? Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your style? Are you close to retirement and not ready to move yet, but living in a home that is too big in size…
The many worries and concerns of the “For Sale By Owner.” There are two ways to get a buyer for your home when you make the decision to sell your home. You can either put it on the market, by hiring the services of a licensed real estate professional or by sell it yourself. Some…