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real estate sales

How Long Do Most Families Live in a House Before Thinking of Selling?

How Long Do Most Families Live in a House - homeonwership

Homeownership – How long? The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which 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, over the last twenty years…

Buyer Demand Continues Outpacing the Supply of Homes for Sale

Real Estate Questions?

Buyer Demand is High! The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship…

The Importance of Home Equity in Retirement Planning

The Importance of Home Equity in Retirement Planning

Equity Difference between homeowner and renter We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can…

Breaking The 2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers

Home Buyers In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to qualify…

The Key to Selling Your House is to Price It Right The First Time!

The Key to Selling Your House is to Price It Right The First Time!

House Prices The housing market is recovering nicely. House 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…

Premium Home Sales Soar Due to Help From Buyer’s Market

Buyer’s Market Helps Premium Home Sales Soar

We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat,…

Low Interest Rates Impact Your Real Estate Purchasing Power

The High Impact of Low Interest Rates on Your Purchasing Power

Low Interest Rates = Purchase Power! According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your…

Factors Impacting List Price, Which Effect Visibility

Factors Impacting List Price, Which Effect Visibility

The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong ­throughout spring as many real estate professionals are reporting bidding wars with many homes selling above list price. What about your house? If your house hasn’t sold, it…

Want to know what could affect property values?

Want to know what could affect property values?

What is affecting your property values? Some the features that increase property values are obvious-like a remodeled bathroom, a modern kitchen, or a just redecorating. But here are a few features and circumstances you have not have realized can affect property values. The neighbors: Not every neighborhood or community has an HOA that can keep…

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