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June 13, 2017 by allisondayrealtor

Homeownership Is a Good Financial Investment!

Homeownership Is a Good Financial Investment! | Simplifying The Market

According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective?

Ralph McLaughlin, Trulia’s Chief Economist explains:

“Owning a home is one of the most common ways households build long-term wealth, as it acts like a forced savings account. Instead of paying your landlord, you can pay yourself in the long run through paying down a mortgage on a house.”

The article listed five reasons why owning a home makes financial sense:

  1. Mortgage payments can be fixed while rents go up.
  2. Equity in your home can be a financial resource later.
  3. You can build wealth without paying capital gains.
  4. A mortgage can act as a forced savings account.
  5. Overall, homeowners can enjoy greater wealth growth than renters.

Bottom Line

Before you sign another lease, let’s get together and discuss all your options.

from Simplifying the Market™ http://ift.tt/2tgrYuk
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Posted in as it acts like a forced savings account. Instead of paying your landlord,  “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about bu,  Trulia’s Chief Economist explains: “Owning a home is one of the most common ways households build long-term wealth, but does that make sense from a financial perspective? Ralph McLaughlin, homeowners can enjoy greater wealth growth than renters. Bottom Line Before you sign another lease, let’s get together and discuss all your options., Real Estate According to a recent report by Trulia, you can pay yourself in the long run through paying down a mortgage on a house.” The article listed five reasons why owning a home makes fin
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December 1, 2016 by allisondayrealtor

5 Reasons Why Homeownership Is a Good Financial Investment

5 Reasons Why Homeownership Is a Good Financial Investment | Simplifying The Market

According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home instead of signing another lease extension. But, does that make sense from a financial perspective?

In the report, Ralph McLaughlin, Trulia’s Chief Economist explains:

“Owning a home is one of the most common ways households build long-term wealth, as it acts like a forced savings account. Instead of paying your landlord, you can pay yourself in the long run through paying down a mortgage on a house.”

The report listed five reasons why owning a home makes financial sense:

  1. Mortgage payments can be fixed while rents go up.
  2. Equity in your home can be a financial resource later.
  3. You can build wealth without paying capital gains.
  4. A mortgage can act as a forced savings account.
  5. Overall, homeowners can enjoy greater wealth growth than renters.

Bottom Line

Before you sign another lease, let’s get together and discuss all your options.

from Simplifying the Market™ http://ift.tt/2gaVziZ
via IFTTT

Posted in as it acts like a forced savings account. Instead of paying your landlord, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home in, let’s get together and discuss all your options., Ralph McLaughlin
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  • 4 Steps to Follow When Presenting an Offer in Today’s Market!

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  • $10
  • $188 billion has been loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of 50 states an
  • $188 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of 50 states and Was
  • $590.52 per year
  • $6
  • (a couple and their dependent children)
  • (in this example
  • 000
  • 000 ($500
  • 000 a year — about $11
  • 000 and $1M were up 15.1% year-over-year Sales over $1M were up 17.3% year-over-year 5. Will the reforms in the tax code cause home prices
  • 000 and $750
  • 000 are up 11.9% Homes sales between $750
  • 000 are up 26.7% 2. In a report from Trulia
  • 000 – $1M are up 16.8% Homes sales over $1
  • 000 – $750
  • 000 – nearly $60
  • 000 board feet of framing lumber. Year-over-year
  • 000 borrowed.”  According to the National Association of Realtors
  • 000 borrowers moved into positive equity.” This is great news
  • 000 by May! What does this mean to you? With the national job situation improving
  • 000 compared to $245
  • 000 during 2017
  • 000 first-time and repeat homebuyers
  • 000 for joint filers) of capital gains on the sale of their home if they satisfy certain criteria: they must have maintained the home as thei
  • 000 home in January of this year. If we only look at the projected increase in the price of that home
  • 000 home in January. If we look at only the projected increase in the price of that home
  • 000 home this January. If we only look at the projected increase in the price of that home
  • 000 home this month (January). If we only look at the projected increase in the price of that home
  • 000 home with a 5% down payment & PMI
  • 000 households. The fact that we now have four consecutive quarters where owner households increased while renter households fell is a stron
  • 000 in equity (on average) in their homes over the last year! Those homeowners who had been on the fence as to whether or not to sell will be
  • 000 in equity between Q1 2016 and Q1 2017 Only 1.6% of residential properties are near-negative equity Below is a map showing the percentag
  • 000 in equity in their home over the last year! Those homeowners who had been on the fence as to whether or not to sell will be pleasantly su
  • 000 in equity last year. 3. Maintenance “As we age
  • 000 in equity over the course of the last year
  • 000 in equity over the course of the last year. On the West Coast
  • 000 in family wealth over the next five years. 4. Some argue that renting eliminates the cost of taxes and home repairs
  • 000 in Q2 2017 represented an average return of 26 percent on the previous purchase price of the home
  • 000 increased by double digit percentages with sales in the $750
  • 000 increased by double-digit percentages with sales in the $750
  • 000 jump in the average home price
  • 000 last year. When the buyer knew the seller in FSBO sales
  • 000 loan = $2
  • 000 millennials (ages 18-34) and found that 75% of respondents would use a local real estate agent over an online agent
  • 000 more for your home
  • 000 mortgage in less than 10.5 years
  • 000 mortgage with a 20% down payment. Keep in mind that if you are in the market for a home above this price range
  • 000 new-owner households were formed during the first three months of the year
  • 000 new-renter households formed during the period
  • 000 of home equity debt
  • 000 or more in savings) 54% are budgeting – (73% who have a budget stick to it every month) 57% have a savings goal – (67% who have a goal
  • 000 or more in savings) Many have wondered if millennials even want to own their own homes or if they would choose to rent instead. Well
  • 000 or more this year (up from 14% in 2013). Diane Swonk
  • 000 or more. But not every kitchen needs a full remodel. There are many smaller projects that will help buyers see themselves trying their fa
  • 000 per year all the way through the end of 2016
  • 000 properties regained equity in the first quarter of 2017. This is great news for the country
  • 000 real estate practitioners about their expectations for home sales
  • 000 real estate practitioners. Practitioners are asked about their expectations for home sales
  • 000 renter households
  • 000 renters found that 80% of millennial renters plan to eventually buy a house
  • 000 since purchase — the highest average price gain for home sellers since Q2 2007
  • 000 to $250
  • 000 today
  • 000 today will cost you an additional $13
  • 000 today: Bottom Line If buying a home is in your plan for 2018
  • 000 today: Bottom Line If buying a home is in your plan for this year
  • 000 upgrade (the national median cost). The benefits of a kitchen remodel aren’t purely financial
  • 000 US homeowners regained positive equity in their homes in 2017. This is great news for the country
  • 000 vs. $5
  • 000 were the only group to show negative appreciation of sales at -2.4%. This not only points to the lower inventory of homes available for s
  • 000 were up 4.5% year-over-year Sales between $750
  • 000 while trade-up and premium homes cost upwards of $300
  • 000 you need to borrow to purchase your dream home
  • 000! Do you know how much your home has appreciated over the last year? Many homeowners would be able to easily sell their current house an
  • 000! The industries that saw the most growth from home equity are accommodation & food services
  • 000! This figure does not even take into account their monthly principal mortgage payments. In many cases
  • 000! This figure does not even take into account their monthly principal mortgage payments. In many cases
  • 000)
  • 000) to pay their student loans when they buy a new home from Lennar
  • 000)!  Put Your Housing Cost to Work for You As we’ve said before
  • 000). Experts predict that mortgage rates will be closer to 5% by this time next year. Act now to get the most house for your hard-earned mo
  • 000). Experts predict that mortgage rates will be closer to 5% by this time next year. Act now to get the most house for your hard-earned mo
  • 000). Experts predict that mortgage rates will be closer to 5% by this time next year. Act now to get the most house for your hard-earned mo
  • 000). You can pay points to buy down your mortgage interest rate. It’s essentially an upfront interest payment to lock in a lower rate for yo
  • 000- $1 million range showing the largest increase
  • 000. But not all who are buying luxury properties have a home to sell first. A recent Bloomberg article gave some insight into what many mi
  • 000. But not all who are buying luxury properties have a home to sell first. In a Washington Post article
  • 000. That number spiked to 1
  • 000. The average home seller price gain of $51
  • 000. This doesn’t mean that an agent can get $39
  • 000. This doesn’t mean that an agent can get $60
  • 000. When the tax reform legislation was put into law at the beginning of the year
  • 000.” Finding Their Forever Homes Now A recent CNBC article revealed that there are many factors that delayed older millennials (ages 25-35
  • 014 houses sold yesterday
  • 014 will sell today and 15
  • 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this
  • 100 to $304
  • 100. At the time of closing
  • 11 of them are firmly in buy territory
  • 11.4%
  • 140
  • 15
  • 177 homes regain equity (meaning they are no longer underwater on their mortgage)
  • 18.7 percent of homes fetched above asking
  • 1994
  • 2) their chances of qualifying for mortgages
  • 2.7% in 2020
  • 2.8% in 2019
  • 200
  • 200 today compared to $5
  • 200. This is the 58th consecutive month of year-over-year price gains.
  • 2000
  • 2019
  • 2020 and 2021. They do expect lower levels of appreciation during these years than we have experienced over the last five years but do not ca
  • 21 states report a ‘weak’ sellers traffic
  • 21 states reported ‘stable’ seller traffic
  • 22 metros have flipped from being unaffordable to becoming affordable in that same time frame.” Here is a graph showing the Affordability In
  • 22 million veterans have been able to achieve the American Dream of homeownership. In 2017
  • 22 million veterans have been able to achieve the American Dream of homeownership. So far in 2017
  • 25 states report a ‘stable’ sellers traffic
  • 25 states reported ‘weak’ seller traffic
  • 250 if you wait until next year to buy it. What does that mean to you? Simply put
  • 3 and 4 above). Is this an opportunity for some homeowners? The report on the survey explains: “The crowd has spoken
  • 3 states and Washington D.C. reported ‘strong’ seller traffic
  • 3) their opportunities for selling their current homes and for buying different homes.” Bottom Line If you are one of the many Americans wh
  • 3.0% in 2020
  • 3.2% in 2018 and 3.0% the next three years (as shown below). That means the average annual appreciation will be 3.24% over the next 5 years.
  • 3.2% in 2019
  • 3.4% in 2018
  • 3.6% in 2017 and about 3.2% in the next two years
  • 30% of millennials bought homes for $300
  • 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2
  • 30-year fixed-rate mortgage at rates prevailing at the time
  • 300). January’s price increase marks the 71st straight month of year-over-year gains.” Seventy-one consecutive months of price increases may
  • 37% of homeowners believe that they have more than 20% equity in their homes. In reality
  • 39% of non-homeowners say they believe they need more than 20% for a down payment on a home purchase. In actuality
  • 4.0% in 2018
  • 4.8% higher than a year ago and replaced the previous peak in May of $238
  • 40% of consumers think a 20% down payment is always required. In actuality
  • 400
  • 400 – a 15% increase since 2013. At the same time
  • 400). In a Forbes article
  • 400).  The latest survey data
  • 400… Fewer potential homebuyers means the housing market will continue to recover more slowly. At the same time
  • 500
  • 500 a month for 30 years comes to $540
  • 500 from last year
  • 500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter. Owning a home is a gre
  • 500 in equity in just one year. Over a five-year period
  • 500 over the last year
  • 500 vs. $5
  • 53.2% of approved mortgages had a credit score of 600-749. Bottom Line Whether buying your first home or moving up to your dream home
  • 53.5% of those who were approved for a home loan had FICO® Scores between 600-749 last month. This is great news for Americans who are lookin
  • 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten
  • 6 Trends Poised to Reshape Homeownership Demand
  • 600
  • 61 percent of U.S. households either have a pet or plan to get one in the future
  • 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homeb
  • 62% of Americans surveyed said that now is a good time to sell (up from 58%)
  • 64.2% were able to purchase their home by putting down less than 20%
  • 66.4% of those under 50 believed that they would eventually own their home
  • 680
  • 7 years later
  • 70% think homeownership is important to the dream
  • 700
  • 700 by the end of your 30-year mortgage. And that’s just the impact of your interest rate going up! Bottom Line If you are ready and willi
  • 712
  • 767 houses sold yesterday
  • 767 will sell today and 14
  • 8.3%
  • 800
  • 800. However
  • 800. This is the 64th consecutive month of year-over-year price gains.
  • 81 homes regain equity (meaning they are no longer underwater on their mortgage)
  • 82% of surveyed renters desire to own a home in the future
  • 82.9% have significant equity (defined as more than 20%). This means that more than three out of four homeowners with a mortgage could use th
  • 820
  • 83% do! This means that 46% of Americans with a mortgage fail to realize the opportune situation they are in. With a sizeable equity positio
  • 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the hous
  • 840 this year when filing their taxes. This is down slightly from the average refund of $2
  • 850-$1
  • 854
  • 895
  • 900
  • 900 a month. With each quarter of a percent increase in interest rate
  • 900 in equity during the past year. Compared to Q3 2016
  • 900.
  • 900. This is the 74th consecutive month of year-over-year price gains.
  • 904 homes sell every day. The report from NAR also revealed that there is currently only a 4.2-month supply of inventory available for sale
  • 904 houses sold yesterday
  • 904 will sell today
  • 904 will sell tomorrow. 14
  • 904! This is the average number of homes that sell each and every day in this country
  • 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some pe
  • 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ most recent Profile of Home
  • 93.7% of homes with a mortgage are now in a positive equity situation with 79.1% of them having at least 20% equity
  • 93.9% of homes with a mortgage are now in a positive equity situation with 78.8% of them having at least 20% equity
  • 95% of home buyers look for prospective homes and neighborhoods online
  • 961
  • 970
  • 99% of pet owners say that they consider their animal to be family. When finding a home
  • a 1.7% increase over 2016
  • a 128% increase over today’s average of 4.0%
  • a 145% increase over today’s average of 3.7%
  • a 6-month supply is necessary for a ‘normal’ market
  • a cat person
  • a crucial part of attaining the American Dream.
  • a decent tax return could go a long way toward the necessary funds needed for a down payment on a house. Or perhaps
  • a different story is revealed. Here is a graph of the National Association of Realtors’ Housing Affordability Index. The higher the graph
  • a financial wellness online community
  • a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough! Bottom Line Don’t get cau
  • a good agent will save you money…not cost you money.
  • a good economy
  • a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly. According to CoreLogic’s lates
  • a home is their most valuable asset — dwarfing retirement accounts
  • a home that costs you $250
  • a lower rate than your parents did twenty years ago
  • a mortgage analyst for Bankrate.com
  • a nationwide panel of over one hundred economists
  • a new study by First American
  • a new survey shows that when it comes to choosing a real estate agent
  • a normal market (in which prices increase at the rate of inflation) requires a 6-7 month supply of inventory. There hasn’t been that much sup
  • a premier source for small business
  • a private wealth adviser with HighPoint Planning Partners
  • a professor of real estate and finance at the Wharton School at the University of Pennsylvania
  • a Protestant minister from Austin
  • a real estate entrepreneur who teaches courses on real estate principles
  • a safer neighborhood (8.4%)
  • a seller can expect: A great price on their home as buyers outbid each other for it A quick sale as buyers have so little to choose from F
  • a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction
  • a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction including the inspect
  • a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior d
  • a Senior Economist at Jefferies LLC
  • a Senior Fellow at the Urban Institute’s Housing Finance Policy Center  “There is not likely to be a national bubble in the way that we saw
  • a Senior Vice President
  • a sign of growing consumer confidence in the new home market. Especially as existing home inventory remains tight
  • a stable income and good credit history. Throughout the entire home buying process
  • a starter home is a one or two-bedroom home (sometimes even a small
  • a study by Collateral Analytics reveals that FSBOs don’t actually save anything
  • a survey by Braun showed that over 75% of parents say
  • a value of 100 means a family earning the median income earns enough to qualify for a mortgage on a median priced home
  • a value of 100 means a family earning the median income earns enough to qualify for a mortgage on a median-priced home
  • about 21%
  • access can make or break your ability to get the price you are looking for
  • according to a 2016 analysis from Freddie Mac.” This makes sense in the short term for many reasons. If you are moving to a different part o
  • according to a recent study
  • according to a report heralding ‘the rise of the new aristocracy.’” Bottom Line The best time to sell anything is when demand is high
  • according to CoreLogic. If you are moving to a higher-priced home
  • according to CoreLogic. Toss in persistently low interest rates
  • according to Fannie Mae
  • according to Freddie Mac
  • according to Freddie Mac. Bottom Line Buying a home makes sense socially and financially. If you are one of the many renters out there who
  • according to Freddie Mac. Bottom Line Buying a home makes sense socially and financially. If you are one of the many renters who would like
  • according to Freddie Mac’s Primary Mortgage Market Survey
  • according to research from Trulia. This has driven prices up and has led to bidding wars. Many first-time buyers who were originally looking
  • according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated. Homeowne
  • according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contri
  • according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of
  • according to the report.” Of the 23 metros that the study reports on
  • according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of
  • according to the National Association of Realtors’ (NAR)  latest Existing Home Sales Report. NAR reported that sales are at an annual rate of
  • according to CoreLogic. If you are moving to a higher-priced home
  • according to Freddie Mac.
  • according to Pulsenomics’ most recent Home Price Expectation Survey. So
  • added: “Because existing home inventory has been so low for so long
  • adding to the supply challenges. Over the last eight years
  • additional inventory could be coming to the market soon. Historically
  • advises: “When getting help with money
  • affordability
  • affordability has grown due to the sharp drop in mortgage rates over the last 30 years – from a high of over 16% in the 1980s to under 4% by
  • affordability pressures will persist. That is why it is critical for much of the country to start seeing a significant hike in new and existi
  • affordability will just revert to historical norms.” What about home prices? A decrease in affordability will cause some concern about home
  • affordability will likely become a much bigger challenge in the years ahead until the industry resolves the housing supply challenge.” Overa
  • affordability would still be reasonable by historic norms. That is because the percentage of pre-tax income needed to buy a typical home in 2
  • after looking at the list of parties that you need to be prepared to negotiate with
  • after more than a decade
  • after seeing a 12-month high of 48 days in January. 4. There Will Never Be a Better Time to Move Up If your next move will be into a premiu
  • agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home
  • agreed with the findings: “Social Security and home equity are major pieces of the retirement puzzle.” Wade Pfau
  • aim for a 15-year fixed rate mortgage and put at least 10–20% down on your new home. Apply the $500 you saved from downsizing to your new mon
  • AL where 22.3% of average wages went to rent. Other interesting findings in the report include: Average rent rose faster than income in 60%
  • all had positive appreciation over the last 12 months
  • all of whom perform necessary roles. These professionals are also valuable resources for you. Once you’re ready to apply
  • all other factors being equal
  • all the way to the appraisers
  • all the way up to 50.1% less expensive in Baton Rouge (LA)
  • all the way up to 57% less expensive in Detroit (MI) and 37.4% nationwide! Know Your Options Perhaps you have already saved enough to buy y
  • allow you to cash in on the equity you have already built
  • allowing buyers to enter the housing market and lock in a low monthly housing cost. Rents Are Also Rising The report went on to mention tha
  • along with a brief description: Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listin
  • along with a surge in building permits. While it may be a little late for this spring
  • along with some additional information for your consideration: 1. Determine Your Price “You’ve found the perfect home and you’re ready to b
  • also called settlement fees
  • also surged more than 20 percent.” Bottom Line Aaron Terrazas
  • although sometimes least predictable
  • America’s trusted voice on money
  • Americans can expect an estimated average refund of $2
  • Americans had spent 21% of their income on owning a median-priced home. The latest data from the fourth quarter of 2017 shows that the percen
  • Americans who have filed for bankruptcy may be able to rebuild enough credit to qualify for a home loan in as little as 2-3 years. This is i
  • Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate a
  • Americans’ sense of financial well-being improved when taking into account debt
  • an associate broker with Washington Fine Properties
  • an experienced real estate professional can explain exactly what to expect during the entire transaction so you aren’t caught off guard. 2.
  • an important reason that the number of owners with negative equity fell by 850
  • an increase of 11.8%
  • an increase of 12.2%
  • an older family member is moving in
  • an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat
  • and
  • and 12.4% higher than last month
  • and 14
  • and 2013
  • and 3.0% in 2021. That means the average annual appreciation will be 3.64% over the next 5 years. The prediction for cumulative appreciation
  • and 30% believe lenders expect a 20% down payment.” These numbers do not differ much between non-owners and homeowners; 39% of non-owners be
  • and 33.1% nationwide! A study by GoBankingRates looked at the cost of renting vs. owning a home at the state level and concluded that in 39
  • and 33.1% nationwide! Know Your Options Perhaps you have already saved enough to buy your first home. A nationwide survey of about 24
  • and 33.1% nationwide! Other interesting findings in the report include: Interest rates have remained low and
  • and 41% think homeownership is very important to the dream. What about Millennials? Hearth addresses the desires of millennials by explaini
  • and 6.6% respectively. Home prices in these areas will begin to return to more normal levels once residents realize that renting is not the b
  • and 7.3% respectively. Home prices in these areas will begin to return to more normal levels once residents realize that renting is not the b
  • and a better rate than your grandparents did forty years ago.
  • and a buyer’s market in the luxury market
  • and a high number of internet searches on house flipping – are not present.” Liu-Down
  • and a home inspector BEFORE finding a home to make an offer on.” Being intentional
  • and a homeowner’s feelings of commitment to the home can arouse feelings of commitment to the neighborhood
  • and a little bit LOWER than where they should be right now. Bottom Line Based on historic appreciation levels
  • and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contrac
  • and a modest increase of 5% in Connecticut. Where were prices expected to go? Every quarter
  • and a quote on each
  • and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the shortag
  • and able buyers that are still out looking for your house.
  • and able buyers that are still out searching for your house.
  • and able to purchase… and are in the market right now! More often than not
  • and affordability remains top of mind.” Among millennials who purchased homes
  • and African-American (25%) families
  • and age: Bottom Line You may not be that much different than those who have already purchased their first homes. Let’s get together to dete
  • and always will be
  • and always will be a crucial part of the American Dream.
  • and an appraiser’s evaluation of that same home. Bill Banfield
  • and an improving economy
  • and another 53% said that a down payment is an obstacle. Many first-time homebuyers who believe that they need a large down payment may be h
  • and answer to
  • and any other obstacle that may arise.
  • and are looking to step into a luxury home… Now’s the time to list your house for sale and make your dreams come true.
  • and assets (such as bank statements to verify your savings). Contact a professional – your real estate agent will be able to recommend a loa
  • and at the entry level
  • and at the same time are given the opportunity to build their family’s net worth.
  • and auto loans and compared borrowers who had a bankruptcy on their credit report vs. those who did not to find out the “Cost of Bankruptcy.”
  • and ‘strong’ in D.C and West Virginia.”  Takeaway: Demand for housing continues to be strong throughout 2017
  • and ‘strong’ in only 4 states (Alaska
  • and be sure that you are ready to take on the financial responsibilities of becoming a homeowner.
  • and bring that ratio to 21.5 percent. This increase is still below historical norms
  • and by the time we get to 2019
  • and can sift through the homes that do not fit within the parameters of your “dream home.” A great agent will also have relationships with m
  • and car loans
  • and Colorado. The map below was created using results from NAR’s Monthly Realtors Confidence Index Survey. Bottom Line Buyer demand is incr
  • and consider balance transfers to free up credit. Check for errors on your credit report and work toward fixing them. Shop for mortgage rat
  • and correctly
  • and demonstrates to home sellers that you are serious about buying! Bottom Line Do your research
  • and dining room.
  • and distressed properties (foreclosures and short sales) kept home values depressed for years. When we compare affordability to the decades t
  • and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will continue to st
  • and employment numbers increase
  • and even current homeowners
  • and even invest in starting small businesses
  • and even sellers
  • and even some move-up buyers
  • and even though home prices have appreciated around the country
  • and even though they have increased recently
  • and Fannie Mae all allow for down payments as low as 3%
  • and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price
  • and Fannie Mae have all projected that mortgage interest rates will increase over the next twelve months
  • and far below the 14 and 15 million units averaged over the 1980s and 1990s.” Bottom Line The biggest challenge in today’s market is gettin
  • and finance at Harvard Extension School concluded that the next housing bubble may not occur until 2024. The article
  • and financial goals to determine the type and amount of mortgage you qualify for. Talk to your lender about pre-approval – a pre-approval le
  • and Foldvary are right
  • and future home prices). Nothaft recently explained: “Even though CoreLogic’s national home price index got to the same level it was at the
  • and has been profiled in many major publications
  • and has created a significant financial burden for millennials
  • and having the freedom to choose their neighborhood remain the top reasons to own a home.”  Bottom Line If you are interested in finding ou
  • and Hawaii edging out all others with the highest salaries required. Below is a map with the full results of the study: GoBankingRates gave
  • and helping you with pricing (both when making an offer or setting the right price for your home). One of the top reasons to hire a real est
  • and higher wages have more than offset reduced demand for housing resulting from higher mortgage rates.” Bottom Line When mortgage rates in
  • and home prices all vary. So
  • and home values had instead appreciated at a steady pace
  • and houses are going under contract fast. The Confidence Index shows that 55% of properties were on the market for less than a month when sol
  • and houses are going under contract fast. The Existing Home Sales Report shows that 43% of properties were on the market for less than a mont
  • and housing market analysts
  • and housing–related characteristics
  • and Houston
  • and Houston are currently deep into rent territory. Due to a lack of inventory
  • and Houston are currently deep into rent territory. In these three markets
  • and Houston are three of the major cities that are currently deep into rent territory. In these three markets
  • and Houston areas have increased by 11.6%
  • and if some of your guests are only there to watch the commercials
  • and if you are ready to move fast
  • and in fact
  • and in many cases below the average differential represented by the prevailing commission rate.” (emphasis added) Why would FSBOs net less m
  • and in many cases below the average differential represented by the prevailing commission rate.” Get the most out of your transaction by hir
  • and in many cases below the average differential represented by the prevailing commission rate.” The results of the study showed that the di
  • and in some cases
  • and in some cases may be costing themselves more
  • and in such a competitive market
  • and in such a competitive market that you want to make sure you make a good offer so that you can guarantee your dream of making this house y
  • and in such a competitive market you want to make sure you make a good offer so that you can guarantee your dream of making this house yours
  • and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the same amount paying down a mortgage
  • and in the end wind up owning your own home free and clear!” Who is David Bach? Bach is a self-made millionaire who has written nine consec
  • and income. And
  • and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of
  • and investment and market strategists and asks them to project how residential home prices will appreciate over the next five years for their
  • and investments you have that can be sold quickly for cash Collateral: The home
  • and is buying a median-valued home.
  • and is now 9.7 percent lower than a year ago (1.85 million) and has fallen year-over-year for 30 consecutive months. Unsold inventory is at a
  • and is patient enough to take the time to show you how it may impact the sale of your home; not someone only interested in trying to sell you
  • and is the basis for a number of positive social
  • and it is 5.4 percent higher for households with three or more children.” The report goes on to say that as Millennials grow older there may
  • and it is possible that they might miss something they should have seen. Ask your inspector if it’s okay for you to tag along during the ins
  • and it often helps speed up the process once your offer has been accepted. Bottom Line Many potential home buyers overestimate the down pay
  • and it seems in many markets home buyers and sellers alike are ‘imprisoned’ by the lack of housing inventory.” That leaves a tremendous oppo
  • and it was definitely written with humor in mind
  • and it’s true in many markets where renting has become really the shortsighted option… as people get more savings in their pockets
  • and landlords should take note of.” In a separate article comparing the rental population in America to the homeowner population
  • and Lawrence Yun
  • and layoffs. The national index score was rounded out to 100.0 in January as a baseline for comparison and it rose the fourth straight month
  • and Lending. The concept of supply and demand is ripe in the new home construction industry. The four ‘L’s of new home construction are each
  • and less mortgage debt
  • and listings are scarcer than they’ve ever been. Bidding wars common in perennially hot markets like the San Francisco Bay area
  • and living in a nice home.” The top reason millennials choose to buy is to have control over their living space
  • and loan quality is excellent… I wouldn’t call house prices a bubble – and I don’t expect house prices to decline nationally like during the
  • and local income taxes The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe
  • and many assume that if mortgage rates rise
  • and many had to outbid others in order to close on a home. The end result was a slowdown in sales from earlier in the year
  • and many others already have!
  • and marked the best month since February 2008. This is a continued sign that demand for homes remains solid and aptly reflects increasing hom
  • and maybe it’s no wonder real estate remains popular.” The article also revealed that: “Bankrate’s Financial Security Index — based on surv
  • and membership in one of these groups should not be the only way to evaluate your choice. Membership in one of these organizations often mean
  • and membership in one of these groups should not be the only way to evaluate your choice. Often membership in one of these organizations mean
  • and more. This means that in nearly half of all the major cities in the US
  • and mortgage interest rates are still at historic lows. Before you sign or renew your next lease
  • and mortgage interest rates projected to rise later in the year
  • and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively
  • and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively and correctly pri
  • and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home c
  • and most states currently have a higher percentage than the national average.
  • and much of the narrative is tarnished with a negative slant. However
  • and nonslip surfaces
  • and now your next task is to have the home inspected prior to closing. More often than not
  • and now your next task is to have the home inspected prior to closing. Oftentimes
  • and often entering bidding wars
  • and on the floors. The job of the inspector is to protect your investment and find any issues with the home
  • and only 1 state reported ‘very strong’ seller traffic. This means there are far fewer homes on the market than what is needed to satisfy the
  • and other nonfinancial assets. Although relatively few retirees tap into their home equity
  • and over $17
  • and over 93% believe home values will appreciate by at least 3%.
  • and PBS
  • and Phoenix
  • and planned to keep your principal and interest payments at or about $1
  • and planned to keep your principal and interest payments between $1
  • and planning for a new year. Those who are on the fence about whether or not now is the right time to buy don’t have to look much further to
  • and prepared will set you up for the accelerated time tables that come with a highly competitive market. If you are the most prepared buyer i
  • and Price. There are many levels of access that you can provide to your agent so that he or she can show your home. Here are five levels of
  • and profits from selling your home
  • and renters may not deduct the rent they pay. A homeowner is effectively both landlord and renter
  • and sales volume is robust. The spoiler is the lean inventory of houses for sale.” Lawrence Yun
  • and savings — is incomplete because it ignores the home.” USAToday interviewed two area experts to comment on the EBRI report. Randy Bruns
  • and Seattle and Los Angeles followed with 63 and 51 percent
  • and since a lack of housing inventory is still a major challenge in the current housing market
  • and so it is important to think about how to make best use of home equity in retirement planning.” Bottom Line Whether you use the equity i
  • and so many more! 5. Improved the buyer’s knowledge of search areas – 44% Local real estate professionals are often members of community or
  • and so much more! Bottom Line They say ‘ignorance is bliss
  • and so much more. What are the reasons you want to move? Are the reasons to stay more important? Let’s get together to discuss your current e
  • and stable environments. Bottom Line Homeownership has always been and still is a crucial part of the American Dream.
  • and start looking at the countless homes listed for sale through rose-colored glasses. Do you really need that farmhouse sink in the kitchen
  • and starting families
  • and steady economic growth have given a jolt to the near-term outlook for U.S. home prices. These conditions are overshadowing concerns that
  • and still
  • and style Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Tired of paying an additional pet depo
  • and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a luxu
  • and take comfort in knowing that a plan is in place for a smooth transition into retirement. Bottom Line There are many reasons to relocate
  • and that willingness is one of the main drivers behind the inventory that does make it on to the market. While it hasn’t been enough to meet
  • and that’s good news. However
  • and the amount needed for a 10% down payment
  • and the ‘taper tantrum’ in 2013. In each period
  • and the busy spring-buying season is just around the corner. CoreLogic recently conducted an analysis on national home prices at the time of
  • and the District of Columbia
  • and the economy improving
  • and the first graph we showed you above is represented by the small
  • and the increase in multifamily units should continue to help slow rent growth.” How will this impact sellers? More inventory means more co
  • and the lender is the beneficiary. Freddie Mac goes on to explain that: “The cost of PMI varies based on your loan-to-value ratio – the amou
  • and the median home price rises $1.51!
  • and the median home price rises $1.86!
  • and the number of new renter households has fallen for four consecutive quarters. Owner-occupied households grew by 1.345 million from a year
  • and the psychological payoff from planting your roots
  • and the rates of change varying across the country
  • and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that su
  • and the trends of the area
  • and their impact on mortgage affordability” was named by 56% as the force they think will have the most significant impact on U.S. housing in
  • and then compared them to today’s real estate market. Today
  • and then have children of their own. These households also occur when grandparents join their adult children and grandchildren in their home.
  • and then saw the trend reverse with steady declines through 2011. After finally reaching bottom in 2011
  • and then speculation begets more speculation
  • and there has never been a better time to move-up to a premium or luxury home. If you are considering selling your starter or trade-up home a
  • and these differences affect everything from the type of mortgage a borrower can get to the expectations a seller has about the proceeds avai
  • and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through th
  • and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the sta
  • and they have asked you what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the t
  • and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At
  • and this is not due to lack of affordability
  • and this trend is likely to continue into 2018. THE EXISTING HOME SALES REPORT The most important data revealed in the report was not sales
  • and this trend is likely to continue throughout 2018. THE EXISTING HOME SALES REPORT The most important data revealed in the report was not
  • and to help make sure that you know exactly what’s going on in the housing market. Real estate professionals can refer you to local lenders o
  • and to qualify them as follows: ‘Must-Haves’ – if this property does not have these items
  • and traditionally they would have been right. Buyer demand has seasonality to it
  • and uses an average of the projections from Freddie Mac
  • and wages during each period. Home prices were less expensive years ago
  • and walking trails featured prominently in the decision to purchase in a community. Location was key
  • and Washington
  • and Washington D.C. Homes typically went under contract in 27 days in May!
  • and Washington D.C. Homes typically went under contract in 34 days in October!
  • and where homeowners have big mortgages and property tax bills.” The National Association of Realtors (NAR) predicted price declines in “hig
  • and will allow you to make your offer with the confidence of knowing that you have already been approved for a mortgage for that amount. You
  • and will always be
  • and will always be better from a financial standpoint than renting.
  • and will continue to be
  • and will remain
  • and with greater confidence
  • and with rates increasing even more
  • and with that comes added costs. Let’s break it down! Lots – There is a shortage of land near metros at an affordable price
  • and you are very comfortable there
  • AND you’ll be able to find a premium home to call your own! Prices are projected to appreciate by 4.7% over the next year according to CoreL
  • AND you’ll be able to find a premium home to call your own! Prices are projected to appreciate by 5.2% over the next year
  • and [an] outlook on the U.S. economy.” The survey revealed that 75% of homeowners think now is a good time to sell
  • and…examine which states best support the American Dream.” The monthly index measures several different economic factors
  • and 5.3%  respectively from a year ago. According to Eli Beracha
  • and Fannie Mae have all projected that mortgage interest rates will increase over the next twelve months
  • and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is pr
  • any additional security and an extra set of eyes looking out for you always adds to peace of mind. 5. Pets “Renting won’t do if the dog can
  • anything less than six months will cause home values to appreciate and anything more than seven months will cause prices to depreciate (see c
  • anything less than six months will cause home values to appreciate and anything more than seven months will cause prices to depreciate (see c
  • appliances
  • appraisal and financing contingencies. Bottom Line As a potential seller
  • Arch Capital Services Inc. “It’s premature to worry about a housing bubble. The typical warning signs – excessive debt levels
  • Arch Mortgage Insurance also revealed their Risk Index which estimates the probability of home prices being lower in two years. The index is
  • Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and
  • are enticed to list their house for sale and move on to the home that will better fit their needs. New data from CoreLogic shows that even t
  • are severely cost burdened
  • are slow
  • areas have increased by 13%
  • as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Not
  • as 54% of homes were on the market for less than a month in the last Realtors Confidence Index
  • as 62% made a down payment of less than 20%
  • as 73% made a down payment of less than 20%. An article by Chase points to a new wave of millennial homebuyers: “We teamed up with Google t
  • as 95.1% of all mortgaged properties are now in a positive equity situation. “U.S homeowners with mortgages (roughly 63% of all the properti
  • as a buyer or a seller
  • as a generation
  • as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.  The study also revealed that: Roughl
  • as an industry
  • as August 2017’s housing market data begins to roll in
  • as “nearly 20 percent of Boomers said they would move closer to their grandchildren/children compared to 13 percent who said they would move
  • as builders regain confidence in the market
  • as compared to an appraiser’s evaluation of that same home. Bill Banfield
  • as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed thei
  • as Construction Dive reported
  • as either a buyer or a seller
  • as he had this to say: “Homeowner equity increased by $766 billion over the last year
  • as inventory now stands at a 4.0-month supply
  • as inventory shortages still exist across the country. Lawrence Yun
  • as is feeling welcome in the community. Amenities such as clubhouses
  • as it acts like a forced savings account. Instead of paying your landlord
  • as it fell 2.2% to a 4.5-month supply. The shortage in inventory has contributed to the median home price rising an additional 5.6% to $234
  • as it has shown signs of doing most recently
  • as many had feared…Short of a war or stock market crash
  • as measured by new household formations
  • as not being able to afford one. This brings us to two major misconceptions that we want to address today. 1. Down Payment NAR’s survey re
  • as predicted
  • as prices begin to reach 2006 levels again
  • as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment
  • as rents are predicted to increase substantially in the next year. Protect yourself from rising rents by locking in your housing cost with a
  • as rents are predicted to increase substantially in the next year. Protect yourself from rising rents by locking in your housing cost with a
  • as reported by the Census Bureau
  • as reported by Freddie Mac
  • as residents want their new homes to be near shopping
  • as sales of homes over $250
  • as saying that there is a significant population that does not think they will be approved for a mortgage and doesn’t even try. The article a
  • as studies have shown that people are more likely to FSBO in markets with lower price points. However
  • as the burdensome level of rents will trap more aspiring owners into a vicious financial cycle in which they cannot save and build a solid cr
  • as the data on the 2017 housing market begins to roll in
  • as the experts believe rates will continue to climb. Even a small increase in interest rates can have a big impact on your monthly housing co
  • as the final data on the 2017 housing market rolls in
  • as the gap between appraisers and homeowners was only -0.33%. This is important for homeowners to note as even a .33% difference in appraisal
  • as the gap between appraisers and homeowners was only -0.5%. This is important for homeowners to note as even a .5% difference in appraisal c
  • as the inventory of existing homes has not been able to keep up with demand.
  • as the percentage of overall buyers who have used agents to buy their homes has steadily increased from 69% in 2001. Bottom Line If you are
  • as the seller likely believes that he or she will net more money if they don’t have to pay a real estate commission. With that being said
  • as the share of homeowners with negative equity (those who owe more than their home is worth)
  • as the share of single men dropped from 11% to 8%. The primary reason for buying a home amongst singles was the desire to own a home of thei
  • as the spring is traditionally the busiest month for real estate. What is surprising
  • as the spring is traditionally the busiest season for real estate. What is surprising
  • as the terms on traditional student loans are 10 years. This means that a large portion of the generation is making its last loan payments an
  • as there is so much talk about student loans burdening Millennials and holding them back from many milestones that previous generations have
  • as there’s more flexibility than most Millennials think regarding how to qualify for a loan and what’s needed for a down payment.” Bottom Li
  • as they were unable to sell over the last few years because of a negative equity situation. As home values continue to appreciate
  • as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive eq
  • as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive eq
  • as those wealthy enough to invest in real estate benefit from lower interest rates
  • as to why homeownership makes sense. It is nice to see that Americans have returned to a belief in homeownership as the best investment.
  • as unmarried couples made up 16% of all first-time buyers last year. If you’re single
  • as unmarried couples made up 8% of all first-time buyers last year. If you’re single
  • as we mentioned: Millennials are the most educated generation in the U.S. Homes & marriage go together Marriage is a key determinate in hom
  • as well as a regular on ABC
  • as well as declines in unemployment claims and mass layoffs. Goods-producing jobs (manufacturing
  • as well as determine how much home you can afford. Consult with your lender – he or she will review your income
  • as well as each one’s year-over-year growth from February 2017 to February 2018 (the latest data available). It is important to pay attentio
  • as well as in the years to come. As more and more realize that owning a home is within their grasp
  • as well as income or sales taxes
  • as well as market demand. The National Association of REALTORS (NAR) surveys “over 50
  • as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50
  • as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50
  • as well as the opportunities available in your market.
  • as well as the prestige of the institution attended
  • as well as the trends of that area
  • as you can see in the chart below: Bottom Line Only you and your family will know for certain if now is the right time to purchase a home.
  • aside from the occasional slow down and inevitable market hiccups
  • ask the sellers to cover repairs
  • asking the question “In your opinion
  • at -1.4%
  • at 3.88%. This is great news for homebuyers looking to purchase and homeowners looking to refinance. The rate you secure greatly impacts you
  • at 4.5%
  • at 93%. Many millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the w
  • at 93%. Many millennials who rent a home or apartment prior to buying their own homes dream of the day when they will be able to paint the w
  • at a seasonally adjusted annual rate of 654
  • at least consider checking out other homes in your area that would meet your lifestyle needs before taking on the cost and hassle of remodeli
  • at only 0.9%.
  • at some point — and the sooner the better — price growth must ease to a healthier rate. Otherwise sales could slow if affordability condition
  • at the Realtor’s Summit in San Diego
  • at the same time
  • at this time
  • at what they can afford
  • ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported inco
  • ATTOM noticed that while warmer climates share in the overall trend
  • ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved for each month of th
  • aunts & uncles
  • authored by Barbara Butrica and Stipica Mudrazija of Urban Institute. Fannie Mae highlighted these findings for their blog The Home Story thi
  • AZ came in with November leading the charge. If you’re thinking of selling your home this year
  • ‘bargain lookers’ might shop FSBOs more often. “Experienced agents are experts at ‘staging’ homes for sale” which could bring more money for
  • ‘I’m never going to get married’ or I am going to get married.’ My own home had way more than equity benefits. It was a real gift to have a h
  • ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers
  • ‘stable’ in 25 states
  • ‘This is back to basics.’” In a separate report comparing the rental population in America to the homeowner population
  • ’ and ANY of these
  • ’ and who puts your family’s needs first.
  • ’ and you finally found it! The price is right
  • ’ and you finally found one! The price is right
  • ’ and you’ve finally found it! The price is right
  • ’ but not when investing your hard-earned money in a home of your own. Work with a professional you can trust to give you the most informatio
  • ’ but not when investing your hard-earned money into a home of your own. Work with a professional who you can trust to give you the most info
  • ’ it stays in contention but does not need to have all of these features. ‘Absolute-Wish List’ – if we find a property in our budget that ha
  • ’ most of the ‘should haves
  • ’ most of the ‘should-haves
  • ’ said Susan Wachter
  • “12 Practical Steps to Getting Rich
  • “12 Practical Steps to Getting Rich”: “While renting on a temporary basis isn’t terrible
  • “A man is not a whole and complete man
  • “Americans are more burdened than ever by student loans
  • “Americans aren’t moving in part because inventory levels have fallen near multidecade lows and home prices have risen to records. Many homeo
  • “As the face of America is changing
  • “Barriers to Accessing Homeownership
  • “Before you buy a home
  • “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for th
  • “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home in
  • “Buying the home wasn’t me saying
  • “Closing costs are typically between 2 and 5% of your purchase price.” Bottom Line Speak with your lender and agent early and often to dete
  • “Defaults on recent low down payment loans
  • “Despite a slight improvement from 2014
  • “Don’t put your money in a house
  • “Everyone is looking for the perfect home for any number of family situations
  • “Help understanding the purchase process was most beneficial to buyers 37 years and younger at 75 percent.” Look for someone to invest in yo
  • “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortga
  • “Home prices are marching ever higher
  • “Home sales in recent months remain at their lowest level of the year and are unable to break through
  • “Homebuyers shouldn’t be particularly concerned with [last week’s] Fed move. Even with rates hovering over 4 percent
  • “Homeowners in the United States experienced a run-up in prices from the early 2000s to 2006
  • “Housing demand in 2018 will be fueled by more millennials finally deciding to marry and have kids and the expectations that solid job growth
  • “Housing is central to the health and well-being of our country and our local communities. In addition
  • “housing observers said other builders are likely to look to mimic the program
  • “However
  • “if now is a good time to buy or sell a home
  • “If you want to build real financial security
  • “In 2016
  • “In the early stages of the economic expansion
  • “local
  • “location
  • “Looking into 2018
  • “Low rental vacancies and a lack of new rental construction are pushing up rents
  • “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to
  • “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations
  • “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want
  • “Nowhere to go but up? How increasing mortgage rates could affect housing
  • “Over a quarter of renters
  • “Pending sales bounded last month as enough buyers fended off rising mortgage rates and alarmingly low inventory levels to sign a contract.”
  • “rising mortgage interest rates
  • “Sellers 36 years and younger stayed in their home for six years…” These homeowners who are either looking for more space to accommodate the
  • “The acceleration in home prices is good news for both homeowners and the economy because it leads to higher home equity balances that suppor
  • “The Automatic Millionaire
  • “The country experienced a wild ride in the mortgage market between 2008 and 2012
  • “The growth in sales is slowing down
  • “The housing shortage forced many first-time homebuyers to consider smaller homes and condos as a way to literally get their foot in the door
  • “The job market in most of the country is healthy and the recent downward trend in mortgage rates continues to keep buyer interest at a robus
  • “The main storyline in the early months of 2017 will be if supply can meaningfully increase to keep price growth at a moderate enough level f
  • “The number of homes for sale has remained very low. Job growth lowered the unemployment rate to 4.1 percent by year’s end
  • “the typical FSBO home sold for $185
  • “The younger generations have not been able to save
  • “There are many mortgage-ready renters today
  • “They are seeking a fun
  • “They rented for longer. Now they’re going to where they want to stay.” More and more millennials are settling down
  • “thirty-five percent of properties are selling within the first week or two of hitting the market.” Homes are selling at a rapid clip in plac
  • “What Consumers (Don’t) Know About Mortgage Qualification Criteria
  • “When others are greedy
  • “While first-time homebuyers continue to drive the purchase market
  • “While still only roughly half the average over the past 45 years
  • “With home values constantly changing
  • “With the average credit score dipping
  • ” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the c
  • ” and so many more
  • ” “As mortgage rates increase
  • ” “Fixer Upper
  • ” “Flip or Flop
  • ” “House Hunters
  • ” “Property Brothers
  • ” “While renting on a temporary basis isn’t terrible
  • ” brings to light the fact that rents and home prices have been skyrocketing in recent years. She says that
  • ” buyer demand has increased each month over the last three months and is HIGHER than it was for the same months last year. Buyer demand is n
  • ” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily
  • ” Ivy Zelman explains that tax reform didn’t hurt the homeownership rate
  • ” said having the equity without a plan to use it won’t help: “Home equity is a very important asset for American retirees
  • ” says
  • ” spent 31 weeks on the New York Times bestseller list. He is one of the only business authors in history to have four books simultaneously o
  • ” which may have left you wondering what the average salaries are in each of the five states listed above. According to WalletHub’s research
  • ” which means the home has over 20% equity. That level of equity allows the homeowner to sell their home if they so desire. (There was no ref
  • ” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders r
  • ” Bach does the math: “As a renter
  • ” says
  • ” spent 31 weeks on the New York Times bestseller list. He is one of the only business authors in history to have four books simultaneously o
  •   “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011
  •   “Single-family residential sales and prices continued to heat up in October. On a year-over-year basis
  •  14
  •  15
  •  53.5% of approved mortgages had a credit score of 600-749. Bottom Line Whether buying your first home or moving up to your dream home
  •  6.3%
  •  78.8% have significant equity (defined as more than 20%). This means that nearly three out of four homeowners with a mortgage could use the
  •  a premier source for small business
  •  according to CoreLogic. With the economy coming back and wages starting to increase
  •  according to CoreLogic. If you are moving to a higher-priced home
  •  according to Ellie Mae. Start gathering all your documentation – income verification (such as W-2 forms or tax returns)
  •  along with Fannie Mae
  •  along with Fannie Mae
  •  and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Pric
  •  and Forbes.
  •  and Forbes. Bottom Line Whenever a well-respected millionaire gives investment advice
  •  and PBS
  •  and PBS. He has also been profiled in many major publications
  •  appearing more than 100 times
  •  ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported inc
  •  “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least
  •  “As home prices increase
  •  “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about bu
  •  “The Automatic Millionaire
  •  “The Bubble
  •  “the typical FSBO home sold for $185
  •  “their child’s education is an important part of the search for a new home.” This survey supports a study by the Joint Center for Housing S
  •  “We’re getting back to the way human beings have always lived in – extended families.” This shift can be attributed to several social chang
  •  believes this is a great sign for the market in the coming year as well
  •  broken down by state
  •  Chief Economist at realtor.com
  •  Chief Economist at NAR: “Another month of solid price gains underlines this ongoing trend of strong demand and weak supply. The underproduc
  •  Chief Economist at the National Association of Realtors
  •  Chief Economist for the National Association of Realtors
  •  CoreLogic is forecasting an increase of 5.3% over the next twelve months. In other words
  •  CoreLogic’s Chief Economist
  •  CoreLogic’s report shows that only 4.9% of homes are in that position (down from 6.3% in Q4 2016). The study also revealed that only 37% of
  •  CoreLogic’s latest Equity Report revealed that 78.9% have greater than 20% equity. That equity could enable you to build the life you’ve alw
  •  Executive VP of Capital Markets at Quicken Loans urges anyone looking to buy or sell in today’s market to remember the impact of this challe
  •  Executive VP of Capital Markets at Quicken Loans urges homeowners to find out how their local markets have been impacted by supply and deman
  •  explained in their article
  •  explains another benefit of securing a mortgage vs. paying rent: “With a 30-year fixed rate mortgage
  •  explains: “Home-price growth has been the primary driver of home-equity wealth creation. The CoreLogic Home Price Index grew 6.2 percent du
  •  explains: “One million borrowers achieved positive equity over the last year
  •  Fannie Mae
  •  Freddie Mac urges you to “always get an independent home inspection
  •  Freddie Mac urges you to “always get an independent home inspection
  •  highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey ex
  •  in perhaps a more realistic setting where renters can spend on consumption (beer
  •  including but not limited to: the roof
  •  interest rates for a 30-year fixed rate mortgage are currently at 3.92%
  •  interest rates for a 30-year fixed rate mortgage are currently at 3.96%
  •  interest rates for a 30-year fixed rate mortgage are currently at 4.09%
  •  interest rates for a 30-year fixed rate mortgage are currently at 4.61%
  •  is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact that they
  •  it was revealed that
  •  marking the 24th consecutive month with year-over-year declines According to Lawrence Yun
  •  marking the 32nd consecutive month with year-over-year declines. This represents a 3.4-month supply at the current sales pace. According t
  •  married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two inc
  •  NAR’s Chief Economist
  •  NAR surveys “over 50
  •  now. The map below shows the percentage of homes with a mortgage
  •  points out that
  •  President & CEO of CoreLogic
  •  President and CEO of CoreLogic
  •  Pulsenomics surveys a nationwide panel of over one hundred economists
  •  Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth
  •  Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth and what
  •  Realtor.com also concluded that the gap is now shrinking: “The U.S. added 1.3 million owner households over the last year and lost 286
  •  Rent vs. Buy: Roommate Edition
  •  reported on what he calls a “Rental Affordability Crisis.” He warns that
  •  revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke appreciation down ever further into four price ra
  •  Senior Vice President of ATTOM Data Solutions had this to say: “Although buying is still more affordable than renting in the majority of U.
  •  the average American household gained over $11
  •  the average American household gained over $14
  •  the average time it took to close a loan was 41 days. 4. There Will Never Be a Better Time to Move Up If your next move will be into a pre
  •  the average down payment for all buyers last year was 10%. For first-time buyers
  •  the first step that “…44% of recent buyers took in the home buying process was to look online at properties for sale.” However
  •  the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to
  •  the Wall Street Journal
  •  there seems to be no shortage of opinion. However
  •  they revealed that “The number of cost-burdened households rose to 21.3 million. Even more troubling
  •  they revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke down appreciation even further into four pri
  •  Trulia’s Chief Economist explains: “Owning a home is one of the most common ways households build long-term wealth
  •  Washington Post
  •  which focuses on recently closed (approved) loans. As you can see in the chart above
  • banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million plus short sales
  • based on data from the report
  • based on number of units. Only Houston was negative
  • based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed.
  • based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Ind
  • based on the most recent price and income data. The current index shows that it is more affordable to buy a home today than at any other time
  • basic economics. Valerie Sheets brings to light the fact that home prices have been skyrocketing in recent years. She says that
  • be fearful. When others are fearful
  • be greedy.”
  • became the accepted norm
  • because buyer demand is so high right now
  • because of the tremendous lack of inventory
  • because you bought a home – you’re not a renter. And you’ll be financially secure for life.” Bottom Line Whenever a well-respected milliona
  • before declining to the current level of 5 percent. Stated differently
  • before you pick up that sledgehammer
  • believes that
  • believes this is a great sign for the market in 2017 as well
  • believes this is great news for the “housing market.” He went on to say: “Homeowner equity increased by almost $871 billion over the last 12
  • believes this is great news for the “long-term health of the U.S. economy.” He went on to say: “Homeowner equity increased by $766 billion o
  • below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in
  • better floor plans (8.25%). The most important rooms or areas are the kitchen (82.8%)
  • better from a financial standpoint than renting.
  • between mistakes
  • borrowers would have to give up below-market financing to sell their home. Instead
  • Boston
  • both personally and professionally!
  • both financial and non-financial
  • broker fees and certain other credit charges a borrower is required to pay. Because these costs are rolled in
  • builder’s confidence in the market has hit its highest mark in over 11 years. Experts are predicting that new construction of single-family h
  • building permits
  • buoyed by increased household formation
  • buoyed by the strongest job market since before the Great Recession. The survey of consumer confidence rose…according to the Conference Board
  • Business Insider
  • BusinessWeek
  • BusinessWeek and USA Today bestseller lists. He has been a contributor to NBC’s Today Show
  • BusinessWeek and USA Today bestseller lists. He has been a contributor to NBC’s Today Show
  • but 72% cite affordability as their primary obstacle. Aside from affordability
  • but a decrease in home prices should rates go up is anything but guaranteed.
  • but a welcome one. For years
  • but after dissecting the report
  • but also a comfortable place that allows you to relax after a long day! 3. You have more space for you and your family Whether your family
  • but also impacts your purchasing power. Purchasing power
  • but also paid a higher interest rate (the average 30-year fixed rate mortgage was 8.12% in the 1990s and 6.29% in the 2000s). If you went to
  • but are not sure if you are ‘able’ to
  • but are only a PIECE of the overall marketing of your home. Just realize that many homes are sold during regular listing appointments as well
  • but becomes possible in a year or two in many states as shown on the map below. Bottom Line Whether you have just started to save for a dow
  • but by renting
  • but conditions in the luxury and premium markets are following an opposite path. Premium homes are staying on the market longer with ample in
  • but does not say not to buy a home. 2. Mortgage Interest Rates are Rising According to Freddie Mac
  • but does that make sense from a financial perspective? Ralph McLaughlin
  • but don’t worry; rates are still well below the averages we’ve seen over the last four decades. “Freddie Mac said this year’s higher rates h
  • but down 0.9% from October 2016. NAR’s Chief Economist
  • but down from 34 days reported a year ago. 54% of homes across the country were on the market for less than a month in June! Among the 27 s
  • but dropped yet again. At the end of 2016 there were historically low 1.65 million homes for sale nationwide
  • but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment –along with a profi
  • but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment– along with a profi
  • but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment– along with a profi
  • but for those renting now
  • but has hovered between nine and ten years since 2011. There is a pent-up desire for many homeowners to move
  • but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam
  • but if we look at the graph below
  • but in fact
  • but in the short term
  • but inflationary pressures and the prospect of rates approaching 5 percent could begin to hit the psyche of some prospective buyers.” Buying
  • but instead
  • but instead about the ‘long-term cost’ of the home. The Mortgage Bankers Association (MBA)
  • but instead about the ‘long-term cost’ of the home. The Mortgage Bankers Association (MBA)
  • but instead people’s desire for homeownership
  • but is it worth it to remodel or change floor plans? Let’s look at this example. Let’s say you have a 4-bedroom colonial style home in a gr
  • but is rather a broad-based
  • but it also means less time
  • but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy
  • but it doesn’t have to be! In order to qualify in today’s market
  • but it got us thinking. What if you purchased a home and took in that same roommate? The savings you would gain by adding a roommate would
  • but it will also allow you to make your offer with confidence because you’ll know that you have already been approved for a mortgage in that
  • but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordabilit
  • but it’s enabling you to buy now and begin building equity versus waiting 5 to 10 years to build enough savings for a 20% down payment.” Bot
  • but it’s not likely to make an impact on qualifying
  • but it’s slow and steady in the right direction. Eventually
  • but John Graham
  • but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with r
  • but living in a home that is too big in size and maintenance needs? How can you line up your current needs with your goals and dreams for th
  • but make sure to always check with your accountant first to find out which tax advantages apply to you in your area. Homeownership allows yo
  • but many already do and are looking to trade up! A recent study by realtor.com shows that 49% of Americans who plan to sell their home in the
  • but many buyers believe they need at least a 780 score to qualify when
  • but more and more studies show that when it comes to real estate
  • but nobody ever asks when a good time to rent is. Regardless
  • but nobody ever asks when it’s a good time to rent. Regardless
  • but paychecks were also smaller and mortgage rates were much higher (the average mortgage interest rate in 1988 was 10.34%). The best way to
  • but programs are available that allow buyers put down as little as 3%. Many renters may actually be able to enter the housing market sooner t
  • but rather a lack of inventory. As of Q2 2017
  • but rather have been strengthened
  • but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house
  • but so will the overall economy.
  • but supply is struggling to keep up
  • but that doesn’t mean that down the road you won’t need your home to be more accessible. Installing handrails and making sure your hallways a
  • but that is as much a factor of the good credit quality as it is the strength of the housing market. Home prices are rising incredibly fast
  • but that number has hovered between nine and ten years since 2011. There is a pent-up desire for many homeowners to move as they were unable
  • but that number has jumped to an average of almost nine years since 2008. There is a pent-up desire for many homeowners to move
  • but that’s how you get started.”  Then he explains the secret in order to buy that home! “Don’t do a 30-year mortgage. You want to take tha
  • but the challenge is that the inventory of homes for sale has not kept up with demand
  • but the cost of rent rose 0.5% in June.” Additionally
  • but the home layout must be able to accommodate limited mobility.” Sixty is the new 40
  • but the housing sector in the United States is finally getting healthy. Thank millennials and thank homebuilders who are starting to produce
  • but the January numbers were sensational. Lawrence Yun
  • but the net new number of housing units has only increased by 3.5 million.” Svenja Gudell
  • but the real key for detecting a bubble is speculation…Speculation tends to chase appreciating assets
  • but the severe housing shortages inflicting many markets are keeping a large segment of would-be buyers on the sidelines.” Bottom Line If y
  • but then depend on an agent to find the actual home they will buy (53%)
  • but there are many basic similarities. Today we want to talk about the top 5 financial reasons you should own your own home. Homeownership
  • but there is good news. Mortgage interest rates remain at historic lows
  • but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that ar
  • but there is little speculation and I don’t expect house prices to decline nationally like during the bust.” David M. Blitzer
  • but they don’t know it. Often
  • but they end up costing you more in the end with a higher interest rate
  • but this is more the normal type of flipping (buy
  • but this study shows that it is possible to rebuild your credit to a good credit quality.” “LendingTree’s research found that very few bankr
  • but very few homeowners ready to sell. This imbalance is the reason prices will remain on the uptick.
  • but was instead the inventory of homes for sale (supply). The report explained: Total housing inventory rose 2.1% to 1.96 million homes avai
  • but will instead have multiple buyers fighting with each other over the house. Realtor.com gives this advice: “Aim to price your property a
  • but you can expect to pay between $30 and $70 per month for every $100
  • but you will still need somewhere to live. In a home that you own
  • but your kids are all grown up and the original benefits of the home no longer apply. You’ve always wanted a huge master suite and are consi
  • but your monthly costs will not. Buying a home is cheaper than renting – According to the latest report from Trulia
  • but by renting
  • but Freddie Mac urges you to remember: “It’s no doubt an added cost
  • buyer demand in March was strong or very strong in 42 out of 50 states nationwide
  • buyer traffic and demand continues to be the strongest it has been in years. The supply of homes for sale has not kept up with this demand an
  • buyer traffic is greater now than it was during this year’s spring market and there are more buyers out now than at any other time in the las
  • buyers are in control. The inventory of homes for sale in the luxury market far exceeds the number of people searching to purchase these pro
  • buyers are in control.  The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in man
  • buyers are not waiting until the spring; they are out looking for a home right now. If you are looking to sell this year
  • buyers are not waiting until the spring; they are out looking for homes right now. If you are looking to sell this year
  • buyers are searching for starter and trade-up homes and are coming up short with the listings available
  • buyers are still able to lock in an affordable monthly payment. Many more buyers are jumping off the fence and into the market to secure a lo
  • buyers have come off the fence to lock in great rates! This is still great advice as the experts believe that rates will continue to rise thr
  • buyers should take into account the cost of waiting. Obviously
  • buyers will continue competing with each other for the homes that are available. If you are thinking of selling your home
  • buying becomes the better option.” What proof exists that owning is financially better than renting? 1. In a previous blog we highlighted t
  • buying or renting a home is an intensely personal decision
  • buying sooner rather than later could lead to substantial savings.
  • by 3.6% per year and to grow by 18.2% cumulatively
  • by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising re
  • by not listing with an agent. In the study
  • by not listing with an agent. One of the main reasons for the price difference at the time of sale is:  “Properties listed with a broker tha
  • by the end of 2018. Last week’s Freddie Mac Primary Mortgage Market Survey revealed that interest rates for a 30-year fixed rate mortgage ha
  • CA
  • CA to 57% cheaper in Detroit
  • CA. Yun pointed to the fact that historically
  • Calculated Risk  “I wouldn’t call house prices a bubble.” David M. Blitzer
  • Calculated Risk: “I wouldn’t call house prices a bubble.” “So prices may be a little overvalued
  • California
  • came tumbling down and are now headed up again. It gives the feel of a rollercoaster ride that is about to take another turn downward. Howev
  • can produce interactions with neighbors.” Bottom Line There are many benefits to homeownership. That is why it is still a critical piece of
  • caused by the lack of appropriate lending standards
  • causing a seller’s market. In the premium
  • causing builders to move farther and farther away from cities to keep costs down. This isn’t always an attractive option for those who want t
  • causing buyers to compete with each other for their dream homes. Make sure that as soon as you decide that you want to make an offer
  • causing buyers to compete with each other for their dream homes. Make sure that as soon as you decide that you want to make an offer
  • causing even more of a shortage and additional costs. Lumber – The cost to build a new home is directly tied to the cost of the lot and the
  • causing prices to rise!
  • CBS
  • CEO of Down Payment Resource had this to say
  • CEO of Genworth Mortgage Insurance had this to say
  • Chairman of the Index Committee at S&P Dow Jones Indices  “Housing is not repeating the bubble period of 2000-2006.” A recent article by Te
  • Chicago
  • Chief Economist
  • Chief Economist and SVP for NAHB
  • Chief Economist at CoreLogic
  • Chief Economist at First American
  • Chief Economist at Grant Thornton weighed in saying
  • Chief Economist at NAR
  • Chief Economist at NAR: “Current demand levels indicate sales should be stronger
  • Chief Economist at realtor.com
  • Chief Economist for CoreLogic
  • Chief Economist for CoreLogic had this to say
  • Chief Economist for realtor.com explained: “At any given time in our history
  • Chief Economist for the National Association of Realtors
  • Chief Economist of Genworth Mortgage Insurance: “The nature of housing demand is different as well
  • Chief Economist at realtor.com
  • Chief Housing Economist at Summit Consulting: “The speculative ‘flipping mania’ of 2006 is absent from most metro areas.” Tian Liu
  • Cleveland
  • climbing back above their record pre-crisis levels. Prices jumped 6.6 percent during the 12 months that ended in May
  • CNBC
  • CNBC ran an article quoting self-made millionaire David Bach explaining that not purchasing a home is "the single biggest mistake millennials
  • CNN
  • CNN’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines that entire US housing market and then is
  • CO lead the way with 8.7% appreciation over the last year
  • co-author of “Together Again: A Creative Guide to Successful Multigenerational Living
  • co-author of the book “Generational Housing: Myth or Mastery for Real Estate
  • co-author of “Together Again: A Creative Guide to Successful Multigenerational Living
  • Co-Creator of the index
  • co-founder of Holdfolio
  • Codirector of the Housing Finance Policy Center at the Urban Institute: “Higher interest rates are generally positive for home prices
  • colleges
  • coming in at 89.4
  • commented on the importance of breaking out the data by state
  • commercial and investment sales. Since immigrating to America from the United Kingdom in 1990
  • community colleges
  • comparable sales (similar houses in the neighborhood that closed recently) to defend the selling price when performing the appraisal for the
  • comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the
  • comparable sales (similar houses in the same neighborhood that recently closed) to defend the selling price when performing the appraisal for
  • compared to 27 last year and 48 two years ago—illustrating that this lack of inventory is not being driven by traditionally ‘hot’ markets
  • compared to 35% in January 2012). Sales in the next two price ranges are no doubt being hindered by low inventory as buyers compete for the s
  • compared to 49% of Generation X at the same age. A Pew Research Center article discussing the data
  • compared to 70% last quarter. This is a considerable increase from more than a year ago when 66% agreed. Even though homeowners believe that
  • compared to a 20% down payment without PMI: The larger the down payment you can make
  • compared to last year
  • compared to the national average
  • compared with even three or four years ago.” What this means to buyers In a market where prices are rising
  • concluded that prices are not adversely impacted by higher mortgage rates. They explained: “While there is a drop in the demand for homes
  • Conlon had established himself as one of the leading agents in the United States and has founded 3 billion-dollar brokerages dealing in resid
  • Connecticut.
  • consider doing it now. Prices are projected to appreciate by 4.7% over the next 12 months according to CoreLogic. If you are moving to a high
  • consider doing it now. Prices are projected to appreciate by 4.9% over the next year
  • consider doing it now. Prices are projected to appreciate by 5.2% over the next year
  • consider doing it now. Prices are projected to appreciate by 5.3% over the next year
  • considered as factors regulating its price.” When demand exceeds supply
  • considering the impact of the new tax law and the momentum of jobs and housing inventory.” Here is a map based on NAR’s analysis: Bottom Li
  • construction and agriculture) were up for the ninth straight month in May…Building permits rose for the fourth straight month compared to the
  • continue to slow and when considered in light of the recent trends in the Buy vs. Rent Index signal that ownership remains an excellent inves
  • contractors
  • conventional loans that have down payments less than 20%. Once you’ve built equity of 20% in your home
  • cookies
  • CoreLogic forecasted a rise by 4.7% from December 2016 to December 2017. On a home that costs $250
  • CoreLogic forecasts that home values will increase another 5.0% by this time next year. Bill Banfield
  • CoreLogic projects an increase in home values in 49 of 50 states
  • CoreLogic releases its Home Price Insights Report. In that report
  • CoreLogic’s Chief Economist Frank Nothaft broke down the 4 ‘L’s of New Home Construction: Lots
  • could weigh on the housing market through the rest of the year.” Buyer demand continues to outpace the supply of homes for sale
  • covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231
  • covering 2014-2016 will be released later this year. In the meantime
  • crawling around in the attic
  • creating a true seller’s market. At the same time
  • creating the beginning of a buyer’s market. Last week
  • credit access and housing. One of the many questions asked in the housing section of the survey was: Assuming you had the financial resourc
  • credit cards
  • credit history
  • current
  • D.C.
  • D.C. (also ranks highest in percentage of millennials already living there!) North Dakota (lowest unemployment rate) Minnesota (highest mil
  • D.C. in order to share the average costs in each state. The map below was created using the closing costs on a $200
  • D.C. States in the Midwest came out on top as most affordable
  • D.C. to be able to share the average costs in each state. The map below was created using the closing costs on a $200
  • Dallas
  • Daryl Judy
  • Dave Ramsey
  • David Norris
  • DC (there was insufficient data for HI). Nationwide
  • DC.
  • debt
  • Delaware
  • demand (buyer traffic) has increased as compared to last year while supply (number of available listings) has decreased. If this situation pe
  • demand for housing was artificially propped up because mortgage lending standards were way too lenient. People that were not qualified to pur
  • demand is strong and lean inventory is keeping prices elevated.” And the National Association of Realtors revealed that buyer traffic is str
  • demanding larger spaces and fancier finishes
  • demographics would explain 60-80% of what’s happening [in the market]
  • Denver
  • Denver and Boston are now also prevalent in the once slow-and-steady heartland
  • Denver and Houston
  • Deputy Chief Economist at CoreLogic “Inventory is tighter than it appears. It’s much lower for entry-level buyers.” Bottom Line  If you ar
  • Deputy Chief Economist for CoreLogic
  • despite considerable buyer interest in most parts of the country. Realtors® this fall continue to say the primary impediments stifling sales
  • despite decreasing affordability…There were only three periods of prolonged higher rates in 1994
  • despite purported cost savings. We found that millennials place a high value on the personal touch and knowledge of a local agent. Buying a h
  • despite the rapid increase of house prices over the last five years.” Edward Golding
  • detailing their desired changes
  • dining
  • Director at MIT Center for Real Estate Where do these experts see home values headed in 2018? Here is a breakdown of where they see home va
  • Director of Research at John Burns Real Estate Consulting explained: “Mortgage rates have risen 1% or more ten times in the last 43 years
  • discussed the impact of low inventory on buyers in the report: “Unfortunately
  • do a 15-year mortgage. What happens if you do a 15-year mortgage? Well
  • do they realize that their equity position has changed? A study by Fannie Mae suggests that many homeowners are not aware that they have reg
  • do they realize that their equity position has changed? According to the Fannie Mae’s Home Purchase Sentiment Index (HPSI)
  • doing it sooner rather than later could save you thousands of dollars over the terms of your loan.
  • doing it sooner rather than later makes the most sense.
  • doing to prices! Inventory continues to rise in the luxury & premium home markets which is causing prices to cool. Demand continues to rise
  • don’t fret! Single women made up 18% of first-time buyers in 2016
  • don’t fret! Single women made up 18% of first-time buyers in 2017
  • don’t fret; you can still buy your dream home! Single women made up 17% of first-time buyers in 2016
  • don’t let that be the reason you fail to move on to your dream home in 2017! Let’s get together to evaluate your situation!
  • don’t let that be the reason you fail to move on to your dream home in 2018! Let’s get together to evaluate your situation!
  • don’t let that be the reason you fail to move on to your dream home this year!
  • don’t let the fear of another housing bubble get in the way as this housing market in no way resembles the market of a decade ago.
  • don’t underestimate the role a real estate professional can play in the process.
  • down payment and residential history.” Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow: Cap
  • down payment and residential history.”  Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow: Capa
  • down payment and residential history.”  Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow: Ca
  • Dr. Ken Johnson has long reported on homeownership and the decision between renting and buying a home. The methodology behind the report goes
  • Dr. Ralph McLaughlin
  • due mostly to the recent collapse in oil prices. Nevada came in with the highest score at 108.8
  • due to demand from first-time home buyers and baby boomers looking to downsize. Bottom Line If you are planning on listing your home for sa
  • due to the fear of rejection
  • during the process. 4. What is the home you’re buying/selling really worth? It is important for your home to be priced correctly from the s
  • during the process. 4. What is the home you’re buying/selling really worth? It is important for your home to be priced correctly from the s
  • dynamic lifestyle with a home that can also adjust to their changing needs in the future. Living space should either include accessibility fe
  • each entity is projecting sizable increases in home sales next year. If you have considered selling your house recently
  • each is projecting sizable increases in home sales next year. If you have considered selling your house recently
  • earns the median household income
  • economic
  • Ed Brady
  • editorial director of Hanley Wood’s Residential Group says his company “is focusing on the preferences of the younger half
  • education
  • electrical components
  • emerge like flowers through the snow in search of their dream home. Homeowners
  • enabling prospective buyers to become homeowners again once their credit scores improve. As we can see from both reports
  • enhanced it: “We have been of the opinion that homeownership is most highly correlated with income and the net effect of tax reform would be
  • equated the lack of inventory to “not having enough oil in your car and your gears slowly [coming] to a grind.” Historically
  • especially in areas of the country impacted by arctic temperatures and conditions. That hasn’t happened this year. Demand for housing has r
  • especially in areas where both existing and new home inventory have not kept up with buyer demand. CoreLogic’s Chief Economist Frank Nothaft
  • especially in areas with low inventory.” 2. Use a Real Estate Professional This
  • especially in areas with low inventory.” Bottom Line Without a large wave of new listings coming to market
  • especially in parts of the country where incomes are higher and there are thus a disproportionate number of itemizers
  • especially of starter homes
  • especially those who have been searching for their dream homes for a while now while waiting for new inventory to come to market. Realtor.co
  • etc.)
  • etc.). This would kill two birds with one stone. A smaller
  • etc.? Would your taxes go down significantly if you relocated? What is your monthly income going to be like in retirement? 2. Equity “If yo
  • Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of
  • evaluating your current house for its ability to adapt with you as you age can be the first step to guaranteeing your comfort in retirement.
  • even a 5% decline in home values will translate into a loss of more than $11
  • even after controlling for factors such as income and education levels that are also associated with positive health outcomes and positively
  • even if affordability were to deteriorate as forecasted
  • even if it takes a little while longer than it did for previous generations.
  • even if mortgage rates rise next year
  • even if that means delaying their dream weddings.
  • even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how m
  • even those without children at the time of purchase may have this in the back of their mind as a major reason for choosing the location of th
  • even those without children at the time of purchase may have this in the back of their minds as a major reason for choosing the location of t
  • even though home prices have appreciated around the country
  • even though prices have increased
  • even with higher rates and home prices
  • even with rates below five percent
  • every time we have rate increases
  • EVP of Corporate Strategy at Ellie Mae commented on the opportunity this brings to buyers
  • except during the housing crash last decade. (Remember that during the crash you could purchase distressed properties – foreclosures and sho
  • Executive Director of Generations United
  • Executive VP at Ten-X: “We’re definitely not in a bubble.” “We have a handful of markets that are frothy and probably have hit an affordabi
  • Executive VP of Capital Markets at Quicken Loans urges homeowners to find out how their local markets have been impacted by supply and demand
  • expectations about short-term profit from pure price appreciation are very high; therefore
  • expenses
  • experiencing cabin fever all winter
  • experts are keeping a close watch on the potential red flags that went unnoticed in 2005.
  • explained it best: “While borrowing power for the potential home buyer has fallen relative to the low point of 2012
  • explained this is good news for the housing market – especially for those looking to buy: “It’s not spectacular construction growth
  • explained this is good news for the housing market – especially for those looking to buy: “This rise in single-family housing construction w
  • explained this month in their article
  • explained: “After about a two-year slowdown
  • explained: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range ar
  • explaining the process
  • explains another benefit of securing a mortgage as opposed to paying rent: “With a 30-year fixed rate mortgage
  • explains: “Research has shown that
  • exponentially increasing home prices
  • exposure to toxic substances
  • extended visits
  • families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage ra
  • families across the country decide if this will be the year they sell their current house and move into their dream home. Mortgage rates hav
  • families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many
  • families would wind up paying considerably more for their next home. Bottom Line  Even a small increase in interest rate can impact your fa
  • Family Circle
  • family get-togethers
  • Fannie Mae
  • Fannie Mae and Freddie Mac have all projected that mortgage interest rates will increase over the next twelve months as you can see in the ch
  • Fannie Mae and Freddie Mac have all projected that mortgage interest rates will increase over the next twelve months as you can see in the ch
  • Fannie Mae and the National Association of Realtors are each projecting mortgage rates to increase over the next year. Higher PRICES + Highe
  • fell during the crash and have risen since 2013. However
  • fewer buyers create a strain on other benefits to the economy which homebuying brings such as spending on home goods and an increase in const
  • fewer people will be able to buy
  • FHA loans remained popular
  • Financial Times
  • Financing
  • financing costs
  • financing might not go through
  • find out if you are able to today!
  • find out if you are able to!
  • find out if you are able to! Let’s get together to determine if your dreams can become a reality sooner than you thought!
  • find out if you are able. Let’s get together to determine if you can qualify for a mortgage now!
  • find out if you are able. Let’s get together to determine if you could qualify for a mortgage now!
  • find out if you can put your housing costs to work by buying this year!
  • find out if you could use your housing costs to own a home of your own!
  • find out if you’re able to. Let’s get together to evaluate your needs and help you with next steps!
  • finding ways to stand out from the rest by getting creative will improve your chances of having a home to call your own.
  • First American’s Chief Economist “The underlying fundamental issue is an overwhelming lack of supply… The supply of newly constructed homes
  • First American’s Chief Economist: “Understanding the resiliency of the housing market in a rising mortgage rate environment puts the likely
  • first-time buyers have become homeowners and now have mortgage payments for the first time. These developments have caused concern that fami
  • first-time buyers may find the task of saving for a down payment a little daunting. Low down payment programs are available and have been a v
  • five housing experts weighed in on the question. Rick Sharga
  • FL
  • flexibility in future decisions
  • followed by bank fees and points
  • followed by Condition
  • followed by stocks at 26% and then gold
  • followed by stocks at 26%. The full results are shown in the chart below. The study makes it a point to draw attention to the contrast in th
  • following mortgage
  • for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should n
  • for entry-level renters and first-time homebuyers
  • for instance
  • for many
  • for over twenty years (1985-2008)
  • for renting to be cheaper than buying. Rates haven’t been that high since January of 1995
  • for some reason that will become obvious to all in hindsight
  • for the fourth year in a row
  • for the moment
  • for the vast majority of sellers
  • forcing buyers off the fence and into the market
  • foreclosures have been steadily on the decline by nearly 100
  • Founder of Pulsenomics: “Constrained home supply
  • four-bedroom colonial
  • Fox
  • Frank Martell added
  • Freddie Mac
  • Freddie Mac & the National Association of Realtors are in unison
  • Freddie Mac and Fannie Mae are all projecting that home sales will increase in 2017. Here is a chart showing what each entity is projecting i
  • Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing int
  • Freddie Mac and the National Association of Realtors are in unison
  • Freddie Mac Chief Economist  “The evidence indicates there currently is no house price bubble in the U.S.
  • Freddie Mac has reported that rates have stabilized and have actually increased marginally each of the last two weeks. This prompted Freddie
  • Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused o
  • Freddie Mac reported on the benefits of homeownership. According to their report
  • Freddie Mac urges you to “always get an independent home inspection
  • Freddie Mac’s Chief Economist
  • Freddie Mac’s Chief Economist “House prices today are higher than they were at the peak in the summer of 2006
  • Freddie Mac and the National Association of Realtors are in unison
  • FSBOing may end up costing you money instead of saving you money.
  • FSBOs achieve prices significantly lower than those from similar properties sold by real estate agents: “FSBOs tend to sell for lower prices
  • full of bidding wars and tough competition
  • fully one-third of US households paid more than 30 percent of their incomes for housing in 2015. Renters continue to be more likely to face c
  • fully understanding your finances is critical in making an offer.” This ‘tip’ or ‘step’ should really take place before you start your home
  • fund education or even start a business. According to a new Census Report
  • Gallup released its annual survey which asks Americans which asset they believed to be the best long-term investment. The survey revealed: “
  • Gallup reported that Americans picked real estate as the best long-term investment. This year’s results showed that 34% of Americans chose re
  • Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate
  • gas prices are currently at four-year highs just as we enter the important peak home sales season.” But what do gas prices have to do with i
  • gave insight into the reason behind the large appreciation
  • gave more context about the reasons behind the creation of the program
  • gave some insight into what many millennials are choosing to do: “Some high-earning millennials save money until they are in their early 30s
  • gave some insight into why millennials are looking to sell
  • Genworth Chief Economist “My thoughts on many recent discussions of ‘housing bubble’ – the bar for a housing bubble is higher than just pric
  • getting married
  • getting pre-approved is one of many steps that will show home sellers that you are serious about buying
  • giving many buyers relief from rising home prices and helping with affordability. While experts predict that rates will increase by the end
  • giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price. The chart below s
  • giving you guidance on the counteroffer and making sure that the agreed-to contract terms are met.” If your offer is approved
  • Glamour
  • go buy one.
  • go buy one. Who is David Bach? Bach is a self-made millionaire who has written nine consecutive New York Times bestsellers. His book
  • go unpaid for more than 90 days past their due date. A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing
  • gold
  • great news was just revealed. Last week
  • had the bubble and crash not occurred and instead we just had normal annual appreciation over this period
  • had there not been a boom & bust
  • had there not been a boom and bust
  • had this to say
  • had this to say: “Healthy consumer spending and higher commodity prices spooked bond markets and led to higher mortgage rates over the past
  • had this to say: “There are just not enough homeowners deciding to sell because they’re either content where they are
  • had this to say: “While the housing market gained a little more momentum last month
  • Hardin & Johnson Buy vs. Rent (BH&J) Index
  • Harrison
  • has 6-7-months inventory. The national market has echoed the conditions felt in the starter and trade-up markets as inventory has declined ye
  • has been a regular on ABC
  • has been a regular on ABC
  • has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. The report also revealed: The average homeowner gained approxim
  • has shown this not to be true. Where are home values today compared to the beginning of the year? While rates have been rising
  • has still not caught up to previous generations
  • have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Busine
  • have experienced high levels of price appreciation and have been reported to be in rent territory for well over a year now
  • have increased more than 25 percent. Prices in affluent areas in Delaware and New York
  • have increased over the last several weeks. Along with Freddie Mac
  • have increased over the last several weeks. Freddie Mac
  • have increased over the last several weeks. Freddie Mac
  • have the best chance of less competition and more inventory of listings in their price range with a 14.7-point surplus
  • having a local professional on your side who is an expert in their market is your best bet in making sure the process goes smoothly. Happy Ho
  • having a local professional on your side who is an expert in their market is your best bet to make sure the process goes smoothly. Happy Hous
  • having a local real estate expert who is well versed in the neighborhood you are looking to move into
  • having a local real estate professional who is an expert in his or her market on your side is your best in making sure the process goes smoot
  • having a local real estate professional who is an expert in their market on your side is your best bet to make sure the process goes smoothly
  • having children or buying a home
  • having it provides financial security… In fact
  • he believes very strongly in the American Dream and the role that homeownership plays in achieving it. Conlon is quoted on his website as say
  • he explained: “In 2005
  • he went on to say
  • Head of U.S. Macro Investors Service at Oxford Economics David Downs
  • health
  • healthcare
  • heating & air conditioning systems
  • heating and cooling systems
  • helping you determine an offer price that is fair.” Based on your agent’s experience and key considerations (like similar homes recently sol
  • her parents had saved a ‘five-figure sum’ for her wedding and were more than willing to give her that money as a down payment on her dream ho
  • here are 5 easy steps that Freddie Mac suggests you follow: Find out your current credit history & score – even if you don’t have perfect cr
  • here are the five benefits that “should be at the top of everyone’s list.” Homeownership can help you build equity over time. Your monthly
  • here are the opinions of three major players in the residential housing market: Ralph DeFranco
  • here are the top 5 benefits of using a real estate agent when buying your dream home as cited by recent buyers: 1. Helped the buyer understa
  • here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for appro
  • here is the light at the end of the tunnel! You may be able to purchase your dream home faster than you think!
  • here is the percent change in sales from last year: Homes sales between $500
  • here is what happened to housing inventory at the beginning of 2017: Putting your home on the market now instead of waiting for increased co
  • high levels of consumer confidence and a millennial generation with a pent-up demand for housing should allow the housing market to weather t
  • higher self-esteem
  • higher tax areas” because of the tax changes. They forecasted a depreciation of 6.2% in New Jersey and 4.8% in Washington D.C. and New York.
  • higher than last year’s 63.6%. Chief Economist
  • hiring a talented negotiator could save you thousands
  • Hispanic (25%)
  • history has shown that prices appreciate (and do not depreciate) during that same time span.
  • hit by rising rents and student debt
  • HOA fees
  • holding off until they build more equity
  • home
  • home categories
  • home equity is one of the largest portions of a family’s overall net worth. Bottom Line Not only is homeownership something to be proud of
  • Home Equity Patterns among Older American Households
  • home equity was used to start 7.3% of all businesses in the United States
  • home inspectors
  • home price appreciation was robust.” Industry reports are also calling for substantial home price appreciation this year. Here are three exa
  • home prices APPRECIATED and did not depreciate. No one is projecting as dramatic an increase in rates as the examples above. Most are project
  • home prices are compared both regionally and by state. Based on the latest numbers
  • home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively
  • home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively
  • home prices are now up 6.7% over last year and 78.8% of homeowners with a mortgage in the US now have significant equity (defined as 20% or m
  • home prices are expected to appreciate
  • home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively
  • home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively
  • home prices began a slow rise back to where we are now. Greater demand and lower supply – as well as booming job markets – have given some o
  • home prices grew in excess of 6 percent for four consecutive months ending in October
  • home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline
  • home prices have appreciated by 7.0%. Over the same amount of time
  • home prices have gone gangbusters recently
  • home prices in these areas will begin to return to more normal levels once residents realize that renting may be a better choice
  • home prices should be much higher based on inflation alone. Frank Nothaft is the Chief Economist for CoreLogic (which compiles some of the b
  • home prices will appreciate 3.5% per year on average
  • home prices will appreciate by 4.7% over the next 12 months. What Does This Mean as a Buyer? If home prices appreciate by 4.7% over the nex
  • home prices will appreciate by 5.2% over the next 12 months. What Does This Mean as a Buyer? If home prices appreciate by 5.2% over the nex
  • home prices will appreciate in each of the 50 states over the next twelve months. Appreciation is projected to be anywhere from 1.9% to 10.3%
  • home prices will begin to return to more normal levels. “Our data indicates that prices are above their 40-year trend but not significantly
  • home sales are up
  • home sales will likely decline from their 2016 levels. …all eyes are on housing inventory and whether or not it will meet the high demand.”
  • home selling sentiment trailed home buying sentiment by a significant margin. The reverse is true today. The net good time to sell share is
  • home shoppers will eventually have more [choices] and a bit more time to make purchase decisions compared to today’s quick-moving housing mar
  • home stagers
  • home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve
  • home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelv
  • home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months.
  • home values will continue to increase. Bottom Line The reason home prices are still rising is because there are many purchasers looking to
  • home values will fall. History
  • home values would essentially be where they are right now.
  • homebuyers remain sidelined for years due to the down payment.” Many believe that they need at least 20% down to buy their dream home
  • homeowners are building contingency plans into their contracts. This means that the homeowner builds in extra time before they close in order
  • homeowners are more likely to believe that they can do things as well as anyone else
  • homeowners can enjoy greater wealth growth than renters. Bottom Line Before you sign another lease
  • homeowners did not make the jump to list their home in the second quarter of this year. Frank Nothaft
  • homeowners gained twice that amount
  • homeowners in areas where the values aren’t rising as fast may think they are rising faster than they are
  • homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of re
  • homeowners stayed in their homes for an average of only 5 years. There are many reasons why homeowners have decided to stay and not to sell.
  • homeowners still overwhelmingly associated homeownership with a family living space. Homeowners are 24% more likely than non-homeowners to s
  • homeownership is a form of ‘forced savings.’ Every time you pay your mortgage
  • homeownership is a form of ‘forced savings.’ Every time you pay your mortgage
  • homeownership is a self-imposed savings plan on the part of those that choose to own.”  Bottom Line In the end
  • homeownership remains a precondition of the American Dream.”
  • homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”
  • homes are just about the most affordable they’ve been in the last 40 years… the median household could afford a home 1.5 times more expensive
  • homes are more affordable now than at any other time since 1985 (except for when prices crashed after the bubble popped in 2008). Bottom Lin
  • homes sold in an average of just 30 days last month! If you list now
  • homes that were sold with the assistance of an agent had a median selling price of $245
  • host of The Deed: Chicago on CNBC
  • house prices remain affordable by historical standards
  • household finance
  • housing demand has increased by 5.9 million
  • housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of his
  • housing inventory dropped to its lowest level on record in 2017 Q1. The number of homes on the market dropped for the eighth consecutive quar
  • housing inventory is at a 20-year low with new construction starts well below historic norms and financing a home is anything but simple in t
  • housing markets could continue to surprise on the upside over the next few years.” To this point
  • housing starts and the percentage of delinquent mortgages. Below is a map depicting their projections (the darker the blue
  • HousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off thei
  • how close would you be to a 3% down payment? The map below shows what percentage of a 3% down payment is covered by the average tax refund b
  • how much equity will they earn over the next 5 years? Since the experts predict that home prices will increase by 4.2% in 2018
  • how much equity will they earn over the next 5 years? Since the experts predict that home prices will increase by 5.0% in 2018
  • how much equity will they earn over the next 5 years? Since the experts predict that home prices will increase by 5.0% this year alone
  • how successful they may seem is much less important. Look for someone with the ‘heart of a teacher’ who comes in prepared to explain the cur
  • How to Use Real Estate Trends to Predict the Next Housing Bubble
  • how would affordability then compare to historic norms? Per the report: “For the U.S. overall
  • however
  • however… The Census Bureau recently released their 2017 third quarter median rent numbers. Here is a graph showing rent increases from 1988
  • Huffington Post
  • I anticipate slower growth in prices accompanied by longer marketing times for sellers and increasing inventories
  • I promise to aid in man's quest for shelter
  • if an appraisal comes in higher
  • if it hasn't sold in today's active real estate market
  • if it hasn’t sold in today’s active real estate market
  • if it persists
  • if owners are aware of their local markets it will lead to smoother mortgage transactions.” The chart below illustrates the changes in home
  • if we also include where prices would naturally be
  • if we go further back in history
  • if we look closely at the numbers
  • if you are a homeowner looking to sell in today’s pet-friendly environment
  • if you are planning on buying a home that costs $250
  • if you are thinking about buying your first house or trading up to the home of your dreams
  • if you have already secured financial approval
  • if you have been on the fence as to whether 2017 is the year you should become a homeowner
  • if you live in a neighborhood that historically attracts young families
  • if you plan on relocating to another state
  • if you’re handy or know someone who is
  • if your health or physical abilities decline.” As we mentioned earlier
  • Importance of Individual Account Retirement Plans and Home Equity in Family Total Wealth
  • improve and then sell). Back in 2005
  • in 2010 the number of chapter 7 bankruptcies increased to nearly 1.14 million. Now
  • in a good economy
  • in a recent press release
  • in acknowledging this situation
  • in actuality
  • in an article titled “Higher Rates Don’t Mean Lower House Prices After All
  • in competitive markets.” One of the many advantages of working with a local real estate professional is that many have relationships with le
  • in competitive markets.” One of the many advantages of working with a local real estate professional is that many have relationships with le
  • in each state
  • in fact
  • in general
  • in her recent Z Report
  • in his VUE Blog gave these new homeownership numbers some context: “The trend is clear: the homeownership rate has been ticking up for five
  • in just the last year: More buyers are putting less than 20% down to purchase a home The average credit score on closed mortgages is lower
  • in many areas
  • in many areas of the country
  • in many parts of the country
  • in most areas
  • in most cases
  • in preparation for the increased demand
  • in some areas of the country
  • in some cases
  • in the following graph (the higher the index
  • in the majority of the country
  • in the premium home market
  • in the Joint Center for Housing Studies at Harvard University’s 2017 State of the Nation’s Housing Report
  • in their August 2017 Realtors® Confidence Index
  • in their most recent Home Price Insights Report
  • in their most recent Home Price Index Report
  • in their Q2 2017 U.S. Home Sales Report revealed that: “…homeowners who sold in the second quarter realized an average price gain of $51
  • in these three markets
  • in turn
  • in turn creating a squeeze for millennial renters looking to get into the market.” “Economists said baby boomers also aren’t in a hurry to t
  • in turn making it more difficult for renters to enter the market.”  Sam Khater
  • in which he reveals: “Individual account retirement plan assets
  • in which they measure “the prosperity of the middle class
  • incentivizing them to show and sell the property and again potentially enlarging the buyer pool.” If more buyers see a home
  • includes being able to own a home of his or her own. With the economy improving in many areas of the country
  • includes being able to own a home of one’s own. With the economy improving in many areas of the country
  • including a change in climate
  • including a shift away from marriage
  • including but not limited to: the roof
  • including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers kno
  • including goods-producing employment
  • including groceries and healthcare. It’s Cheaper to Buy Than Rent  As we have previously mentioned
  • including New York
  • including rent
  • including respiratory conditions such as asthma
  • including the inspection
  • including The New York Times
  • including your lender
  • including The New York Times
  • including the New York Times
  • income
  • increasing Millennial demand and confidence that buyers will remain in the market even if rates exceed 5 percent bode well for 2017 real esta
  • indicated that: “Amid sustained job creation and sustained historically low mortgage rates
  • inflation follows in the same direction.” You may have noticed that filling your gas tank has become substantially more expensive in recent
  • instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% o
  • instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% o
  • insurance
  • interest rates
  • interest rates are projected to increase steadily over the course of the next 12 months. How Will This Impact Your Mortgage Payment? Depend
  • interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks
  • interest rates have fluctuated greatly with rates in the double digits in the 1980s
  • interest rates have remained historically low which has allowed many buyers to enter the market. As a seller
  • inventory conditions have worsened and are restricting sales from breaking out while contributing to price appreciation that remains far abov
  • inventory has hovered between a 3.5 to 4.4-month supply
  • inventory levels of homes for sale have dropped dramatically as compared to this time last year. Trulia reported that “U.S. home inventory h
  • inventory levels of homes for sale have dropped dramatically as compared to this time last year. Trulia reported that “in Q4 2017
  • inventory must reach a 6-month supply for a normal market where home prices appreciate with inflation. Anything less than a 6-month supply is
  • invest in starting small businesses
  • investment strategists
  • investor purchases are down dramatically (from 23% to 13%) and so is flipping (from 8.2% to 5.7%). McBride explains: “There is currently som
  • investors
  • investors return to the stock market and other investments
  • Investors’ Business Daily
  • is
  • is and will always be a crucial element of the American Dream. *Pictured Above – Mark Twain’s home in Hartford
  • is currently at its lowest level in over ten years. If inventory continues to remain tight
  • is growing. The Urban Land Institute projects that 5.95 million new households will be formed over the next three years. Even if the homeowne
  • is it better to rent or buy a home? The index examines the entire US housing market and then isolates 23 major cities for comparison. The re
  • is one of the most ‘educated’ decisions you can make! A real estate professional has the experience needed to help you through the entire pr
  • is renting a good long-term strategy? A mortgage payment remains fixed. Rents
  • is that according to CoreLogic’s latest US Economic Outlook
  • is that according to CoreLogic’s Homeowner Equity Report
  • is that according to CoreLogic’s US Economic Outlook
  • is that the best long-term solution? If you currently live in a 3-4-bedroom home
  • is that there is always a line that shouldn’t be crossed. Interest rates can change
  • is that when broken down by metro
  • is the amount of home you can afford buy for the budget you have available to spend. As rates increase
  • is the amount of home you can afford to buy for the budget you have available to spend. As rates increase
  • issued by the Mortgage Bankers Association
  • it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy
  • it appears homeowners in the markets where prices are rising faster than the national average – like Denver
  • it appears that many homeowners are deciding on number one. But
  • it appears that the impact of Brexit on the U.S. housing market was not as dramatic as some thought it could be.
  • it “seems logical” that the next part of the ride would be downhill. However
  • it becomes obvious that not only do you not need a 750+ credit score
  • it can be a very small home. You might literally have to buy a small studio apartment
  • it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimat
  • it can be quite an adventurous journey; you need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of
  • it could be enough to derail a mortgage. A homeowner [or a buyer] could be forced to bring more cash to closing in order to make a mortgage
  • it does not appear to prevent millennials from accessing credit.”
  • it does show that selling on your own might not make sense. Bottom Line Before you decide to take on the challenges of selling your house o
  • it has made the situation much better
  • it has not been speculation
  • it increased when compared to the first quarter of last year according to data released by the Census Bureau. In her latest “Z Report
  • it is actually ‘a little’ or ‘a lot’ cheaper to own (represented by the two shades of blue in the map below). One of the main reasons owning
  • it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with
  • it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with d
  • it is cheaper to own today than it has been historically. The Difference Between PRICE and COST The price of a home is the dollar amount yo
  • it is currently less expensive than it was in 2000 and is still projected to be lower next year than it was in 2000. Bottom Line Mark Flemi
  • it is difficult for appraisers to find adequate
  • it is easier to get a mortgage today than it has been at any other time in the last ten years.
  • it is hard to make the claim that lack of equity is “one of the main reasons why there are so few homes for sale.” Here is a map showing the
  • it is important that we remember this. Homeownership is NOT just about the money. In fact
  • it is important to note that homeowners are investing their new found equity in their homes and themselves
  • it is important to note that homeowners are investing their new-found equity in their homes and themselves
  • it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer d
  • it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet buyer deman
  • it is now 37.4% less expensive to buy a home of your own than to rent in the US. That number varies throughout the country but ranges from 6%
  • it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your
  • it is still a great time to buy from an affordability standpoint.
  • IT IS TIME TO LIST YOUR HOME TODAY! In a recent article by CBS News
  • IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales were at their highest level in a decade. Sales of previously owned ho
  • it leads to tougher affordability challenges.” Any time the price of a home goes up there will likely be concern about the affordability of
  • it looks like it takes more to discourage Americans from buying a house than that. As the years go by
  • it makes more financial sense to buy a home than to continue renting one. In 9 of the remaining metros
  • it makes sense to evaluate your home’s ability to adapt to your needs in retirement. According to the National Association of Exclusive Buye
  • it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates
  • it may make better financial sense to sell your current home and purchase a home that was built specifically to meet your current lifestyle a
  • it might cost you more if you wait until next year to buy. Your down payment will also need to be higher in order to account for the higher p
  • it might make sense to beat this new construction competition to the market.
  • it never hurts to have someone who has been there before on your side. If earlier in your search you found a couple of less than desirable fe
  • it remains high today and will remain high next year
  • it seems more and more certain that the fact that renting has seen a sudden gain in popularity is more a reaction to the economic crisis than
  • it should be a crucial piece of your retirement planning.
  • it stays in contention
  • it takes 20 percent of the median monthly income to cover monthly payments on the median-priced home
  • it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets
  • it turns out that they have different top months for sales. The best month to get the highest price in Miami
  • it was accepted
  • it was reported that many baby boomers are selling their current homes and moving into rentals
  • it was revealed that searches for “premium” homes as a percentage of all searches increased from 38.4% in the fourth quarter of 2017 to 41.4%
  • it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. 5. It’s Time to Move on With Your L
  • it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. 5. It’s Time to Move on With Your L
  • it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30-year ho
  • it’s a great time to move forward. *Assumptions in the Zillow report: Buyer puts 20% down
  • it’s a matter of living a simpler life focused on family. Some might want to cross off travel destinations on their bucket lists. Some might
  • it’s been a better deal to buy than rent in America’s largest housing markets – and for much of that time it hasn’t been close.” It then goe
  • it’s important to find out if you can afford the monthly mortgage payment. To do this
  • it’s just going to be worse later. Rates will be higher
  • it’s not for a lack of interest in eventually becoming moms and dads. Members of this generation rated being a good parent as a top priority
  • it’s perplexing that in more than 75% of the counties across the country
  • it’s the winner! Bottom Line Having this list fleshed out before starting your search will save you time and frustration
  • job gains and attractive mortgage rates. This uptick in demand should translate into increased housing production throughout 2016 and into ne
  • job security
  • job security and overall financial situation — has hit its third-highest level since the poll’s inception in December 2010.” Bottom Line We
  • Jonathan Smoke
  • June) is referred to as the Spring Buyers Season
  • just 9 million new housing units were completed and added to the housing stock. This was the lowest 10-year period on records dating back to
  • just as falling mortgage rates aided pricing power on the margin in recent months
  • just over the Golden Gate Bridge from San Francisco
  • just purchased your first home
  • keep an eye on gas prices the next time you’re at the pump. If you start to feel a big jump in price
  • keep in mind that the spring is when most other homeowners will decide to list their homes as well. Listing your home this winter will ensure
  • kitchen
  • know that being strategic and flexible about closing dates can also help your offer stand out from the rest. But don’t fret if you are a home
  • know that national market conditions are primed for a quick turnaround! Let’s get together to discuss exactly what’s going on in our area
  • know that rates are probably on their way up too.
  • knowing your budget will give you the confidence of knowing if your dream home is within your reach. Freddie Mac lays out the advantages of
  • knowing your options will definitely make the mortgage process easier. Your dream home may already be within your reach.
  • knowing your options will make the mortgage process easier. Your dream home may already be within your reach.
  • known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sel
  • known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sel
  • Labor
  • labor force participation
  • labor market
  • lack of negotiating skills
  • landlords must count as income the rent they receive
  • landscapers
  • largely due to home value increases. The map below was created using the same report from CoreLogic and shows the average equity gain per mo
  • last year. Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone looking to buy a home in 2018
  • lawn
  • Lawrence Yun
  • Lawrence Yun believes that
  • Lawrence Yun had this to say
  • Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the afforda
  • lead to a fall in house values. Ultimately
  • leading them through the entire experience.
  • leading to a highly competitive seller’s market in these categories. Ninety-two of the top 100 metros have a shortage in trade-up inventory.
  • leading to an increase in home equity positions and supporting consumer spending.” Of the 95.1% of homeowners with positive equity in the U.
  • leading to the appraisal lagging the estimate.” The chart below illustrates the changes in home price estimates over the last 12 months. Bo
  • leading to the highest price for Memorial Day weekend since 2014. As rates go up
  • lenders are currently taking less than half the credit risk they were taking in 2001
  • lenders are extending credit to borrowers who may have had no previous access to the housing market.” Bottom Line More and more potential b
  • lenders failed to make about 5.2 million mortgages thanks to overly tight credit. In total
  • lending standards were much more lenient from 2004 to 2007. Though it has gradually become easier to get a mortgage since 2011
  • Lending Tree’s Director of Credit Restoration & Debt-Related Services had this to say: “People may think that filing a bankruptcy would put
  • Lennar contributes up to 3% to pay down student loans incurred while attending universities
  • let's get together to discuss your options!
  • let's get together to find out if you are able to. Now is a great time to jump in.
  • let's get together to help you understand your options and set you on the path to preapproval.
  • let's meet up to evaluate the equity you have in your home
  • let's meet up to find out if you are able to today!
  • let's meet up to help guide you through the process.
  • let's meet up today to determine if you could turn your monthly rental cost into a home of your own.
  • let’s assume a young couple purchased and closed on a $250
  • let’s assume a young couple purchases and closes on a $250
  • let’s assume there was no housing bubble and crash and that home prices appreciated at normal historic levels (3.6% annually) over the last t
  • let’s be thankful that we are able to buy a home at historically low rates.
  • let’s focus on the monthly expenses of owning a home: it turns out that renters currently paying the median rent in many markets could afford
  • let’s get together and discuss all your options.
  • let’s get together and discuss the available listings in our area that might meet your needs today!
  • let’s get together and discuss the demand in our area.
  • let’s get together and discuss the options available in your market today.
  • let’s get together and evaluate your ability to buy today!
  • let’s get together and find you your dream home.
  • let’s get together and set you on your path to homeownership!
  • let’s get together to determine how much house you can afford. You may be pleasantly surprised.
  • let’s get together to determine if now is the time to list.
  • let’s get together to determine if you are able to
  • let’s get together to determine if you are able to.
  • let’s get together to discuss conditions in our neighborhood!
  • let’s get together to discuss our market’s conditions and help you make the best decision for you and your family.
  • let’s get together to discuss our market’s conditions and to help you make the best decision for you and your family.
  • let’s get together to discuss the conditions in our market.
  • let’s get together to discuss the exact conditions in our area.
  • let’s get together to discuss the exact market conditions in your area.
  • let’s get together to discuss the opportunities available in our market.
  • let’s get together to discuss the opportunities available in today’s market!
  • let’s get together to discuss the process.
  • let’s get together to discuss this
  • let’s get together to discuss this and any other obstacle that may arise.
  • let’s get together to discuss this and any other obstacles that may arise.
  • let’s get together to discuss what your best move is
  • let’s get together to discuss your next steps.
  • let’s get together to discuss your options and to help you make the most powerful and confident decisions for you and your family.
  • let’s get together to discuss your options!
  • let’s get together to evaluate the opportunities in our market.
  • let’s get together to evaluate your ability to do so in today’s market!
  • let’s get together to evaluate your ability to do so. Homeowners across the country are upgrading their homes
  • let’s get together to evaluate your ability to sell your house in today’s market and get you into your dream retirement home!
  • let’s get together to find out if you are able to
  • let’s get together to find out if you qualify now.
  • let’s get together to find your dream home.
  • let’s get together to go over exactly what’s going on in our neighborhood and discuss your options!
  • let’s get together to go over exactly what’s going on in your area and your price range.
  • let’s get together to help you better understand all your options.
  • let’s get together to help you capitalize on the demand in the market now!
  • let’s get together to help you determine if you are able to buy a home of your own and lock in your monthly housing expense.
  • let’s get together to help you find your dream home.
  • let’s get together to help you understand your options and set you on the path to preapproval.
  • let’s get together to start the process of getting you pre-qualified and see if you are able to buy now!
  • let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based o
  • let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.
  • let’s look at the percentage of first-time buyers who have put less than 5% down over the last several years as compared to the 1st quarter o
  • let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for ne
  • let’s meet to determine if you are able to today!
  • let’s meet up so I can help you take advantage of current market conditions!
  • let’s meet up to evaluate your situation.
  • let’s meet up to evaluate your situation.
  • let’s remove the crisis years and look at the current index as compared to the index from 1990 – 2008. We can see that
  • let’s sit down to help you understand your true options.
  • let’s take a look at Ellie Mae’s latest Origination Insight Report
  • let’s take a look at Ellie Mae’s latest Origination Insight Report
  • let’s take a look at the latest Ellie Mae Origination Insight Report
  • let’s take a look at Ellie Mae’s latest Origination Insight Report
  • lighting that senses and adapts to them (6.3%) and integrated home technology
  • Loan Depot’s Head of Retail Lending
  • local
  • local knowledge
  • location
  • location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well
  • longstanding relationships
  • look at your price. Pricing your home just 10% above market value dramatically cuts the number of prosp­­ective buyers that will even see you
  • look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your
  • look for high-end sales to slow. If the market advances
  • looks at previous peaks in real estate values going all the way back to 1818. Nicolais uses the research of several economists. The article d
  • lower shelves
  • LP Kathy Bostjancic
  • Lumber
  • lumber costs are up 13% after reaching a high of $433 in the second week of April. Lending – During the Great Recession
  • make sure that you don’t overlook the condition of your kitchen. A recent article on realtor.com listed “7 Signs Your Kitchen Is Way Overdue
  • make sure that your agent walks you through their plan for getting both the seller – and the bank – to accept that price. Too many agents wil
  • make sure they can intelligently answer all your questions
  • make sure you look for an agent who exemplifies these values and will help you through every step of the process.
  • making it easier to get a loan.
  • making it easier to get a loan.” The graph below reveals that standards today are much tighter on a borrower’s credit situation and have all
  • making it harder to get a loan. A higher HCAI indicates … it is easier to get a loan.” Here is a graph showing their findings: Again
  • making it harder to get a loan. A higher HCAI indicates that lenders are willing to tolerate defaults and are taking more risks
  • making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates acros
  • making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates acros
  • making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates acros
  • making larger luxury homes an attractive option to recoup costs when selling
  • Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices: “Housing is not repeating the bubble period of 2000-2006.”
  • manufacturing
  • manufacturing and
  • many are still not back to pre-crash levels.” The map below was created to show the 5-year appreciation from December 2012 – December 2017 b
  • many buyers think the trough in [interest] rates is over. If you don’t get in now
  • many couples are also deciding to buy a home before spending what would be a down payment on a wedding
  • many either don’t know or are misinformed about what FICO® score is necessary to qualify. Many Americans believe a ‘good’ credit score is 78
  • many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? Accor
  • many have not taken the step to list their homes
  • many homeowners are in a much better financial situation than they were just a few short years ago. One other reason for the increase was br
  • many homeowners could easily move into a house (either larger or smaller) that better meets their current needs. Fannie Mae spoke out on thi
  • many homeowners could easily move into a housing situation that better meets their current needs (moving to a larger home or downsizing). Do
  • many homeowners decide to wait until after the holidays to put their homes on the market for the first time
  • many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this ye
  • many homeowners mistakenly used their homes as ATMs by withdrawing their equity and spending it with no concern for the ramifications. They o
  • many investors pull their funds from the more volatile and less predictive stock market and instead
  • many luxury buyers are finding it easier to find their dream homes. Yun commented
  • many middle-income households with average credit and access to a 5% down payment assume they cannot become homeowners because of the ‘tight
  • many millennials are saving for their forever homes. According to the latest statistics from NAR
  • many millennials have been able to break into better-paying jobs which has helped spur down payment savings. As the dream of homeownership co
  • many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government want
  • many people eagerly check their mailboxes looking for their tax return check from the IRS. But
  • many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
  • many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
  • many renters find themselves gazing over the homeownership fence and wondering if the grass really is greener. Leaving aside
  • many renters should consider buying a home soon. Bottom Line Rents will continue to rise
  • many retirement security experts argue that the conventional three-legged stool of retirement resources — Social Security
  • many sellers think that they can ‘For Sale by Owner’ or ‘FSBO.’ The 5 reasons you NEED a real estate professional in your corner haven’t chan
  • many sellers think that they can For Sale by Owner or FSBO. The 5 reasons you NEED a real estate professional in your corner haven’t changed
  • many small community banks were forced to close their doors. These banks were a great source of capital and lending for builders looking to b
  • many would-be first-time buyers will be forced to continue renting and not reach their dream of being a homeowner.” Bottom Line If you are
  • many young adults already live with a roommate. If they purchased a new home
  • March 11th at 2:00 AM EST in observance of Daylight Saving Time. Unless of course
  • market and market…There’s no government incentive program in sight that is having this effect
  • marketing the home to a much larger buyer population. And those MLS properties generally offer compensation to agents who represent buyers
  • markets
  • markets like Dallas
  • marking some of the lowest rates in history. The value of your home will continue to rise with inflation
  • marking the 24th consecutive month of year-over-year declines. NAR’s Chief Economist
  • marking the 25th month in a row of declines. The median price of homes sold in June was $263
  • marking the 27th consecutive month of year-over-year decreases. Looking at the latest report from Trulia
  • marking the 35th month in a row of declines. The median price of homes sold in April was $257
  • married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two inco
  • master bedroom
  • master bedroom (59.2%)
  • May
  • may be costing themselves more
  • may be costing themselves more by not listing with an agent. In the study
  • may only think about their housing market when they see ‘for sale’ signs hit front yards in the spring or when they think about accessing the
  • may seem counterintuitive
  • may seem counterintuitive. The seller may think they would make more money if they didn’t have to pay a real estate commission. With this bei
  • maybe months later… and other buyers may wonder what’s wrong with the house since the last deal fell through. The Golden Rule We were all t
  • maybe now is the time to buy. If purchasing a home for you and your family is the right thing for you to do this year
  • maybe now is the time to buy. If the right thing for you and your family is to purchase a home this year
  • maybe they’re not priced properly. After all
  • meaning how long a family stays in a home prior to moving. As the graph below shows
  • meaning it is easier to finance a home today than it was last year. However
  • meaning that prices have increased and buyers are still out in force! Challenges in the new-home construction market have “helped create a b
  • meaning they spend more than 30% of their income on housing. These households struggle to save for a rainy day and pay other bills
  • meaning those borrowers are gaining equity in their homes quickly.” Low down payments aren’t just great for first-time homebuyers. These pro
  • median income
  • median rental prices for a single-family home have also risen by 4.2%. With rents and home prices rising at the same time
  • median rents
  • meet with a local professional who can help you determine if you are able to buy a home of your own and lock in your monthly housing expense.
  • meet with a professional in your area who can explain your market’s conditions and help you make the best decision for you and your family.
  • MI. No other investment lets you live inside of it – You can choose to invest your money in gold or the stock market
  • Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in
  • millennials expect real estate agents to become trusted advisers and strategic partners.” Look for someone to invest in your family’s future
  • millennials have already started to prefer a more hands-on approach to their real estate experience: “While older generations rely on real e
  • millennials have ‘failed to launch’ into adulthood and have delayed moving out of their family’s home. Some experts have even questioned whet
  • millennials have overtaken baby boomers as the largest generation in U.S. History. Millennials
  • millennials want someone they can trust
  • millennials who want to achieve the American Dream are 5% more likely than Baby Boomers to think homeownership is important. And two-thirds o
  • mining
  • monthly mortgage payments on a new home purchase could increase another 10–15%. That would make 2018 one of the worst full-year deterioration
  • more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that t
  • more and more experts are growing concerned about the ramifications of a falling homeownership rate. Today
  • more and more first-time buyers are taking advantage of low-down-payment mortgage options to secure their monthly housing costs and finally a
  • more and more homeowners have realized that now is a good time to sell their homes in order to take advantage of the extra equity they now ha
  • more and more homeowners will be given the freedom to move. The choices buyers have will continue to increase. Don’t wait until this other i
  • more and more sellers are stepping back
  • more and more will marry and purchase a home. Parents buy houses According to the study: “The homeownership rate is 1.7% higher for househ
  • more and more homeowners will be given the freedom to move. The choices buyers have will continue to increase. Don’t wait until this other i
  • more expensive home
  • more families tend to opt for living together.” Bottom Line  Multigenerational households are making a comeback. While it is a shift from t
  • more homeowners are beginning to realize that they may have more equity than they first thought. “This is only the second time in the survey
  • more often than not
  • more options are really needed.” How will this impact sellers? More inventory means more competition. Today
  • more than 5 million baby boomers across the nation are expected to rent their next home by 2020
  • more than double the 365
  • Mortgage Expert at Nerd Wallet
  • mortgage interest rates reached their lowest mark of 2017 last week at 3.89%. Interest rates have hovered around 4% for the majority of 2017
  • mortgage rates
  • mortgage rates are still lower than historical averages and have put the index in a better position than every year for the nineteen years be
  • most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buye
  • most informed decision for you and your family.
  • move-down home is almost impossible to find in the current housing market. If the seller-turned-buyer takes on a tenant
  • multiple buyers are competing with each other to buy a home. Take advantage of the buyer activity currently in the market. 2. There Is Less
  • multiple buyers are competing with each other to buy the same home. Take advantage of the buyer activity currently in the market. 2. There
  • murders
  • NAR
  • NAR’s Chief Economist
  • NAR surveys “over 50
  • National Association of Realtors’ Chief Economist “Listings in the affordable price range continue to be scooped up rapidly
  • national home prices have appreciated 7.0% from this time last year and are predicted to be 4.2% higher next year. If both the predictions o
  • national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-y
  • national homes prices were projected to increase cumulatively by 23.1% by December 2017. The bulls of the group predicted home prices to rise
  • nationally at least
  • nationwide
  • near-record-low mortgage rates have boosted housing demand
  • negative equity decreased 22% from 3.2 million homes
  • negotiations
  • net migration
  • net worth
  • Nevada
  • new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated
  • new construction is taking a larger share of the market…Builders meet the buyers and see the demand firsthand.” Bottom Line If you are cons
  • new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to bu
  • new construction of single-family homes is projected to continue to increase
  • new construction of single-family homes is projected to continue to increase over the next two years
  • new construction will continue to surge reaching new heights in 2017
  • new construction will continue to surge reaching new heights in 2018
  • new furnace). 2. Act Fast “Even though there are fewer investors
  • new home sales have surged
  • new households are overwhelmingly choosing to buy rather than rent. Some 854
  • North Dakota & Utah). Takeaway: Demand for housing continues to be strong but supply is struggling to keep up
  • not a bubble in prices.
  • not in depreciating assets. The added equity is helping families put their children through college
  • not just the easy ones. If your offer isn’t accepted by the seller
  • not just what they think you want to hear. Bottom Line You wouldn’t replace the engine in your car without a trusted mechanic
  • not just what they think you want to hear. Bottom Line You wouldn’t replace the engine in your car without a trusted mechanic. Why would yo
  • not just window shopping on the internet. NAR explains: “Foot traffic has a strong correlation with future contracts and home sales
  • not only do they want to own their own homes
  • not only will the homeownership rate benefit
  • not surging.” Bing Bai & Edward Golding
  • not the heart of a salesman.” Do your research. Ask your friends and family for recommendations of professionals they’ve worked with in the
  • not the heart of a salesman.” Do your research. Ask your friends and family for recommendations of professionals whom they have used in the
  • not the heart of a salesman.” Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experien
  • Not Your Father’s Housing Market
  • now is a great time to do so! Recently
  • now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market
  • now is a great time to list your starter home! First-time buyers are out in force looking to achieve their American Dream.
  • now is a great time to reflect on the intangible factors that make a house a home.
  • now is the time to move up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This
  • now is the time to move-up! The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This
  • now is the time to take advantage of the demand in the market.
  • now is the time!
  • now may be the perfect time.
  • now may be the time to act!
  • now may be the time to buy.
  • now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in
  • now may be the time to do so before more competition comes this spring. Let’s get together to determine the demand for your house in our area
  • now may be the time to get it on the market. The lack of competition could lead to a faster sale at a higher price.
  • now may be the time to put it on the market.
  • now may be the time to sell for many reasons. Here are a few: 1. Equity Build-Up Home prices have been on the rise since the beginning of 2
  • now may be the time to take advantage of the ready
  • now may be the time.
  • now may be the time. Buyers are still out there looking for their dream home. Let’s get together to determine your best plan.
  • now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale fo
  • now may be the time. Demand for your house will be strongest at a time when there is very little competition. That could lead to a quick sale
  • now may be the time. Let’s get together to help you take advantage of the buyers that are ready
  • now might be the perfect time to move up to the home of your dreams!
  • now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. W
  • now represent more than one quarter of the nation’s population
  • now what? There are over 180 possible steps that need to take place during every successful real estate transaction. Don’t you want someone
  • now.
  • now’s the time to list your house for sale and make your dreams come true.
  • nuclear families
  • nuclear families (a couple and their dependent children) became the accepted norm
  • number of bedrooms/bathrooms). ‘Should-Haves’ – if the property hits all of the ‘must-haves’ and some of the ‘should-haves
  • of course
  • of dollars. Each step of the way – from the original offer to the possible renegotiation of that offer after a home inspection
  • on average
  • on average. Homeowners are 2.5 percent more likely to have good health. When adjusting for an array of demographic
  • on the other hand
  • on time. Keep your spending to no more than 30% of your limit on credit cards. Pay down high-balance credit cards to lower balances
  • once you account for inflation over the ensuing 11.5 years
  • one
  • one in four Americans are considering buying a home this year. If this statistic proves to be true
  • one in three millennial renters have concerns about their credit scores
  • one of the nation’s largest homebuilders. The contribution doesn’t directly increase the purchase price of the home or add to the balance of
  • one thing is for certain… if you plan to buy or sell a house this year
  • only 4 states and DC report a ‘strong’ sellers traffic. Meaning there are far fewer homes on the market than what is needed to satisfy the bu
  • only eight metros we track have MRIs over 10
  • only Miami became unaffordable between 1990 and 2016. Meanwhile
  • only to find yourself glued to the couch in an HGTV ‘show hole’*? We’ve all been there… watching entire seasons of “Love it or List it
  • only to find yourself glued to the couch in an HGTV binge session? We’ve all been there… watching entire seasons of “Love it or List it
  • or 11.1 million households
  • or 30 years. Interest rates have remained around 4% all year
  • or 32.2 million Americans shared a roof with their grown children or parents. According to a recent Pew Research Center report
  • or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com
  • or 36%. According to CoreLogic
  • or 6.3% of all mortgaged properties. U.S. homeowners with mortgages (roughly 63% of all homeowners) have seen their equity increase by a tot
  • or a first-time buyer looking for a starter home
  • or a first-time buyer trying to purchase your first home
  • or a homeowner looking to move up to your next home
  • or a millennial couple living in a one-bedroom condo planning to start a family. These homeowners are ready to make a move
  • or a young person who wants to take that job in San Francisco but first has to get your house sold in Chicago
  • or above
  • or America's youth born between 1982-2000
  • or an older family member is moving in
  • or are a homeowner planning to stay put for a while
  • or are about to change
  • or at their convenience. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key
  • or bonds. For the fifth year in a row
  • or bonds. Greater equity in your home gives you options If you want to find out how you can use the increased equity in your home to move t
  • or cancel the contract. Bottom Line  Whether buying your first home or your fifth
  • or does a vacation destination sound more your style? Are you close to retirement and not ready to move yet
  • or even
  • or even sell your house at all.
  • or even send a child to college. As a renter
  • or even which improvements they are willing to make to their house prior to selling. One thing to remember though
  • or feel stuck in a house that no longer fits your needs
  • or grandparents living with grandchildren – a level that hasn’t been seen in the U.S. since 1950.” Another report that proves this point is
  • or have been saving for years
  • or hesitant seeing as it will be difficult to find an affordable home to buy… As a result
  • or if you are a homeowner who wants to move up
  • or if you are just looking to relocate to a new area in a home of the same size
  • or June. Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition co
  • or know who Phil Dunphy’s character is
  • or luxury
  • or millennials looking to live with their parents while they attend school or save for a down payment.” For a long time
  • or move on to their next home. Time after time
  • or moving up to the home of your dreams is in your future
  • or need to
  • or offending the seller with a lowball offer? Dave Ramsey
  • or perhaps move across the state for better job opportunities. Homeowners in this situation must consider whether they should sell their hous
  • or purchase agreement
  • or refinance your current mortgage.
  • or renovate an outdated part of their living space.
  • or second-wave baby boomers
  • or sell your current house
  • or service available and the desire of buyers for it
  • or someone who prefers the company of another pet species
  • or that millennials jump from job to job
  • or they think that there may be something wrong with the home that you’ve fallen in love with
  • or to help understand the process (61%). The plethora of information now available has resulted in an increase in the percentage of buyers w
  • or to shopping and dining? Do you have amenities within easy walking distance? This can add to home value!” How close are you to your childr
  • or type of home
  • or using their trained eye to see potentially disastrous hazards that may be hiding out of site
  • or whether the stock market offers a bigger return than real estate
  • or you just want to have control over renovations
  • or you need to have a large backyard for your pets
  • orange
  • other financial assets
  • others might think their current income would never enable them to qualify for a mortgage. We want to share what the typical first-time home
  • others might think they are too young
  • our tolerance for cleaning gutters
  • outpacing home price growth in more than half of the markets for the first time since Q1 2012
  • over 14
  • over 15
  • over 53% of loans were approved with a FICO® score under 750 last month! Here are some tips for improving your credit score: Make payments
  • over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1
  • owners may have more equity than they realize. Many consumers use the tax season at the beginning of the year to reevaluate their entire fina
  • ownership is the clear winner in wealth accumulation. Said another way
  • painters
  • part of the returns from which is the opportunity to live in the home rent-free. Unlike returns from other investments
  • particularly African-Americans
  • particularly buyers who rationalize lower-priced bids on with the logic that the seller is “saving” a traditional commission. Such buyers mig
  • particularly buyers who rationalize lower-priced bids with the logic that the seller is “saving” a traditional commission. Such buyers might
  • particularly in the presence of other positive economic factors
  • Partner at Beacon Economics  “There is no direct or indirect sign of any kind of bubble.” Bill McBride
  • Partner at Beacon Economics: “There is no direct or indirect sign of any kind of bubble.” “Steady as she goes. Prices continue to rise. Sal
  • parts of the mortgage process. The Home Price Perception Index is a way to illustrate the differences of opinion
  • pay off their mortgages sooner and even move up to the home that will better suit their needs now. Bottom Line If you are a homeowner looki
  • pensions
  • People
  • people usually clamor to hear it. This millionaire gave simple advice – if you don’t yet live in your own home
  • people were just buying homes and letting them sit vacant – and then selling without significant improvements. Classic speculation. And even
  • people were just buying homes and letting them sit vacant – and then selling without significant improvements. Classic speculation.” What ar
  • people who want to buy a home of their own are not feeling as though they can move forward. Our program is designed to relieve some of that b
  • perceived ability to qualify for a mortgage
  • perhaps it is time to sit down with your agent to see if it is priced appropriately to compete in today’s market.
  • perhaps it is time to sit with your agent and see if it is priced appropriately to compete in today’s market.
  • perhaps tens of thousands
  • perhaps tens of thousands of dollars. Each step of the way – from the original offer
  • perhaps tens of thousands of dollars. Each step of the way – from the original offer to the possible renegotiation of that offer after a home
  • perhaps that roommate (or someone else) would be willing to rent a room in their new house. The rent could help offset the mortgage payment.
  • perhaps you should reconsider your current asking price.
  • perhaps you should reconsider. Buyers are out right now!
  • persistent demand
  • personal
  • personal and commercial bankruptcies
  • Ph.D.
  • physically looking at homes right now. The latest foot traffic numbers from the National Association of Realtors (NAR) show that the number o
  • plumbers
  • plumbing
  • plus home equity
  • plus the cost of financing that home. If mortgage interest rates increase
  • PMI did not stop them from buying their dream homes. Here’s an example of the cost of a mortgage on a $200
  • points
  • points out that
  • pools
  • poor quality loans
  • pre-approved
  • President of Eagle Home Mortgage
  • price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much
  • price/affordability (37.4%)
  • prices
  • prices and market conditions. Homes sold in less than 60 days in 35 out of 50 states and Washington D.C. Homes typically went under contrac
  • prices and market conditions. Homes sold in less than 60 days in 44 out of 50 states
  • prices and market conditions. Homes sold in less than a month in 24 out of 50 states
  • prices and market conditions.” This month
  • prices and market conditions.” This month
  • prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between
  • prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with a
  • prices are determined by supply and demand and while rising mortgage rates may slow demand
  • prices go up. This is currently happening in the residential real estate market. Here are the numbers for supply and demand as compared to l
  • prices increase. In many areas of the country
  • prices increase. It is that simple. In real estate
  • prices rise. If you are one of the 58% of homeowners who are concerned about home values depreciating over the next two years and are hesita
  • prices will be higher
  • prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.
  • prices will continue to increase. If you are debating listing your home for sale
  • pricing errors and general exposure on the market
  • privacy and security
  • probably summed up real estate’s luxury market the best: “We are seeing the opposite of what was expected. We have certainly not seen the do
  • product
  • Professor of Retirement Income at The American College of Financial Services and author of “Reverse Mortgages: How to use Reverse Mortgages t
  • projecting that rates will increase by nearly a full percentage point by this time next year. An increase in rates will impact YOUR monthly
  • projecting that rates will increase by this time next year. An increase in rates will impact YOUR monthly mortgage payment. A year from now
  • properties selling a lot quicker than a year ago and the home search for many prospective buyers being highly competitive and drawn out becau
  • properties sold nationally were typically on the market for 27 days. As Yun notes
  • properties sold nationally were typically on the market for 42 days. As Yun notes
  • property taxes
  • property taxes and insurance — is more affordable than the fair market rent on a three-bedroom property in 354 of the 540 counties analyzed i
  • proximity to family & grandchildren
  • published by the Mortgage Bankers Association
  • Pulsenomics
  • Pulsenomics surveys a nationwide panel of economists
  • Pulsenomics surveys a nationwide panel of over 100 economists
  • Pulsenomics surveys a nationwide panel of over one hundred economists
  • Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation in their
  • Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth
  • Quicken Loans measures the disparity between what a homeowner who is seeking to refinance their home believes their house is worth and what a
  • quoting Butrica and Mudrazija:  “For most adults near traditional retirement age
  • raking leaves and shoveling snow can go right out the window. A condominium with low-maintenance needs can be a literal lifesaver
  • Ralph McLaughlin
  • ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best St
  • rates are expected to rise to about 4.48% by June. That average climbs to 4.73% by the end of this year. So
  • rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements fo
  • rates are still significantly lower than they have been over the last 4 decades
  • rates did fall. However
  • rates have increased from 3.95% in the first week of January to 4.40% in the first week of April. At first glance
  • rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year. The rate you secu
  • rates would have to reach 9.1%
  • rates would have to reach 9.1% for renting to be cheaper than buying. Rates haven’t been that high since January of 1995
  • rather than building smaller single-family homes and making less profit. Below is a graph showing the increase in cost of 1
  • rather than negative catalyst for the homeownership rate. While still in the early innings of tax changes
  • rather than purchasing another home. “Between 2009 and 2015
  • rather than rent. While only 52.6% of those over 50 would prefer to own. The full breakdown can be found in the chart below. When renters we
  • rather than to a landlord Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire Homeownershi
  • re-setting adjustable rate loans will have less of a rate shock
  • reach out to professionals
  • reaching historic levels by 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream home w
  • reaching historic levels in 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream homes
  • Reader’s Digest
  • Real Estate
  • Real Estate A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the b
  • Real Estate A new study by WalletHub used “30 key metrics
  • Real Estate A new trend has begun to emerge. With home prices skyrocketing in the starter home category
  • Real Estate A recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of
  • Real Estate A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are conc
  • Real Estate A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of
  • Real Estate According to a new study from Lending Tree
  • Real Estate According to a newly released study by ATTOM Data Solutions
  • Real Estate According to a recent report by Trulia
  • Real Estate According to a survey conducted by ClosingCorp
  • Real Estate According to Bankrate’s latest Financial Security Index Poll
  • Real Estate According to Black Knight Financial Service’s Mortgage Monitor Report
  • Real Estate According to CoreLogic’s latest Home Price Index
  • Real Estate According to data released by the Internal Revenue Service (IRS)
  • Real Estate According to Ellie Mae’s latest Origination Report
  • Real Estate According to recently released data from the National Association of Realtors (NAR)
  • Real Estate According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR)
  • Real Estate According to the National Association of Realtors’ latest Realtors Confidence Index
  • Real Estate According to the National Association of Realtors®’ 2017 National Housing Pulse Survey
  • Real Estate According to the recently released Modern Homebuyer Survey from ValueInsured
  • Real Estate According to the Beracha
  • Real Estate According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers
  • Real Estate According to ATTOM Data Solutions’ 2018 Rental Affordability Report
  • Real Estate According to Freddie Mac’s latest Primary Mortgage Market Survey
  • real estate agent
  • Real Estate Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks
  • Real Estate Are you an empty-nester? Do you want to retire where you are
  • Real Estate As home values continue to increase at levels greater than historic norms
  • Real Estate As home values continue to rise
  • Real Estate As more and more baby boomers enter retirement age
  • Real Estate   Some Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium
  • Real Estate Contrary to what many believe
  • Real Estate CoreLogic’s latest Equity Report revealed that “over the past 12 months
  • Real Estate CoreLogic’s latest Equity Report revealed that 675
  • Real Estate CoreLogic’s latest Equity Report revealed that 91
  • Real Estate CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outloo
  • Real Estate Definitely an aggressive headline. However
  • Real Estate Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surrounding
  • Real Estate Each year
  • Real Estate Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that y
  • Real Estate Every Hour in the US Housing Market:  624 Homes Sell 347 Homes Regain Positive Equity Median Home Values Go Up $1.13
  • Real Estate Every month
  • Real Estate Every summer
  • Real Estate Every three years
  • Real Estate Every year
  • Real Estate Every year at this time
  • Real Estate Every winter
  • real estate experts
  • real estate experts and investment & market strategists are surveyed and asked to project home values over the next five years. The experts p
  • real estate experts and investment & market strategists. Those surveyed include experts such as: Daniel Bachman
  • Real Estate Finance Professor at VCU Edward Pinto
  • Real Estate First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their d
  • Real Estate Forbes.com recently released the latest results of their American Dream Index
  • Real Estate Freddie Mac
  • Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of Americans chose real estate
  • Real Estate Have a Great Holiday!
  • Real Estate Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an int
  • Real Estate Here are five reasons listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report fr
  • Real Estate Here are five reasons listing your home for sale this spring makes sense. 1. Demand Is Strong The latest Buyer Traffic Report
  • Real Estate Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report 
  • Real Estate Here are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest Buyer Traffic Report
  • Real Estate Here are four great reasons to consider buying a home today
  • Real Estate Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s la
  • Real Estate Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s la
  • Real Estate Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s lates
  • Real Estate Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4
  • Real Estate Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be on
  • Real Estate Highlights: Watching the Big Game at home with your friends & family offers many advantages. There’s more room to entertain a
  • Real Estate Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are
  • Real Estate Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Associa
  • Real Estate Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report
  • Real Estate Homeownership is a major part of the American Dream. As evidence of that
  • Real Estate How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be
  • Real Estate How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you
  • Real Estate If you are considering selling your current home
  • Real Estate If you are debating purchasing a home right now
  • Real Estate If you thought about selling your house this year
  • Real Estate If your house no longer fits your needs and you are planning on buying a luxury home
  • Real Estate In a blog post published last Friday
  • Real Estate In a recent CNBC article
  • Real Estate In a CNBC article
  • Real Estate In many markets across the country
  • Real Estate In Realtor.com’s recent article
  • Real Estate In the latest Rent vs. Buy Report from Trulia
  • Real Estate In this day and age of being able to shop for anything anywhere
  • Real Estate In this extremely hot real estate market
  • Real Estate In today’s highly competitive real estate market
  • Real Estate In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy
  • Real Estate In today’s housing market
  • Real Estate In today’s market
  • Real Estate In Trulia’s recent report
  • Real Estate Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week
  • Real Estate Interest rates have hovered around 4% for the majority of 2017
  • Real Estate Interest rates hovered around 4% for the majority of 2017
  • Real Estate It is common knowledge that a great number of homes sell during the spring-buying season. For that reason
  • Real Estate It’s no mystery that cost of living varies drastically depending on where you live
  • Real Estate Just like our clocks this weekend in the majority of the country
  • Real Estate Just like with any product or service
  • Real Estate Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward know
  • Real Estate Last week
  • Real Estate Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that
  • Real Estate Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they sho
  • Real Estate Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of
  • Real Estate Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers
  • Real Estate Millennials are on track to become the most educated generation in history. This means they are also the generation with the mos
  • Real Estate Mortgage interest rates
  • Real Estate Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could
  • Real Estate Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to incre
  • Real Estate Mortgage interest rates have risen by more than half of a point since the beginning of the year
  • Real Estate Multigenerational homes are coming back in a big way! In the 1950s
  • Real Estate 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
  • real estate or investments
  • Real Estate Over the next five years
  • Real Estate Owning a home has great financial benefits
  • Real Estate People often ask if now is a good time to buy a home
  • Real Estate Recent headlines exclaimed the homeownership rate
  • Real Estate Recently
  • Real Estate Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an ei
  • Real Estate Recently released data from the National Association of Realtors (NAR) suggests that a now is a great time to sell your home. Th
  • Real Estate Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before
  • Real Estate Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live
  • Real Estate Six months ago
  • Real Estate So
  • Real Estate So you made an offer
  • Real Estate Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential
  • Real Estate Some Highlights: According to NAR’s Profile of Home Buyers & Sellers
  • Real Estate Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors
  • Real Estate Some Highlights: According to the US Census Bureau
  • Real Estate Some Highlights: As we usher in the new year
  • Real Estate Some Highlights: Atlas Van Lines recently released the results of their annual Migration Patterns Survey in which they tracked
  • Real Estate Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial an
  • Real Estate Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing wit
  • Real Estate Some Highlights: Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another fo
  • Real Estate Some Highlights: Don’t forget to set your clocks forward this Sunday
  • Real Estate Some Highlights: Existing home sales are currently at an annual pace of 5.81 million
  • Real Estate Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped t
  • Real Estate Some Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has droppe
  • Real Estate Some Highlights: Hiring a Real Estate Professional to buy your dream home
  • Real Estate Some Highlights: Historically
  • Real Estate Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate
  • Real Estate Some Highlights: Interest Rates are still below historic numbers. 88% of property managers raised their rent in the last 12 mo
  • Real Estate Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your
  • Real Estate Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership th
  • Real Estate Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan
  • Real Estate Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a
  • Real Estate Some Highlights: Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.” Setting up an automatic savings p
  • Real Estate Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save
  • Real Estate Some Highlights: Since the creation of the VA Home Loans Program
  • Real Estate Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%
  • Real Estate Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that ite
  • Real Estate Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest
  • Real Estate Some Highlights: The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is
  • Real Estate Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-t
  • Real Estate Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of
  • Real Estate Some Highlights: The National Association of REALTORS® recently surveyed their members for their Confidence Index. The REALTOR
  • Real Estate Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index. The REALTORS® Confid
  • Real Estate Some Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS
  • Real Estate Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. I
  • Real Estate Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwes
  • Real Estate Some Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! Ther
  • Real Estate Some Highlights: Whether you are selling your home
  • Real Estate Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. O
  • Real Estate Spring is traditionally the busiest season for real estate. Buyers
  • Real Estate Starting late last year
  • Real Estate Thank you for your service!
  • Real Estate That headline might be a little aggressive; however
  • Real Estate The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from rec
  • Real Estate The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewha
  • Real Estate The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shorta
  • Real Estate The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your famil
  • Real Estate The economists at CoreLogic recently released a special report entitled
  • Real Estate The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last week
  • Real Estate The famous quote by Walt Whitman
  • Real Estate The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home
  • Real Estate The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the
  • Real Estate The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Stud
  • Real Estate The latest edition of CoreLogic’s Home Price Index shows that nationally
  • Real Estate The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Exp
  • Real Estate The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellers in which they surveye
  • Real Estate The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that s
  • Real Estate The new tax code limits the deduction of state and local property taxes
  • Real Estate The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over
  • Real Estate The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to bu
  • Real Estate The price of any item is determined by the supply of that item
  • Real Estate The results of countless studies have shown that potential home buyers
  • Real Estate The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than ren
  • Real Estate The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditiona
  • Real Estate The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that h
  • Real Estate The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report
  • Real Estate The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report reveale
  • Real Estate There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking
  • Real Estate There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents
  • Real Estate There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some migh
  • Real Estate There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lendin
  • Real Estate There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for
  • Real Estate There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyo
  • Real Estate There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Ev
  • Real Estate There has been tremendous volatility in certain markets over the last few weeks (for example
  • Real Estate There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers
  • Real Estate There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Ind
  • Real Estate There is no doubt that it is easier to sell your house when using the services of a local real estate professional. The agent wi
  • Real Estate There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge h
  • Real Estate There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However
  • Real Estate This month
  • Real Estate To start the year
  • Real Estate Today
  • Real Estate Urban Institute recently released a report entitled
  • Real Estate We all realize that the best time to sell anything is when demand for that item is high
  • Real Estate We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major repo
  • Real Estate We hope 2018 is a great year for you
  • Real Estate We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is
  • Real Estate We often talk about the financial reasons why buying a home makes sense. But
  • Real Estate We previously informed you about a study conducted by TransUnion titled
  • Real Estate We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bid
  • Real Estate We recently shared that over the course of the last 12 months
  • Real Estate We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period
  • Real Estate What truly causes a housing bubble and the inevitable crash? For the best explanation
  • Real Estate When a homeowner decides to sell their house
  • Real Estate When it comes to buying a home
  • Real Estate When it comes to talking about millennials
  • Real Estate Whether you are a buyer searching for your first home
  • Real Estate Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate
  • Real Estate Whether you are buying or selling a home
  • Real Estate Whether you are buying or selling a home it can be quite the adventure
  • Real Estate Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are availa
  • Real Estate Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that t
  • Real Estate With home prices on the rise and buyer demand strong
  • Real Estate With home prices rising again this year
  • Real Estate With residential home prices continuing to appreciate at levels above historic norms
  • Real Estate You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need
  • Real Estate Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of hou
  • real wealth for your lifetime
  • Realtor.com’s Chief Economist
  • REALTORS® reported…that buyer demand is stronger compared to conditions one year ago… and that fifty percent of properties were on the market
  • recent natural disasters across the country have made inventory conditions even more dire. Trulia’s market mismatch score measures the searc
  • recently authored a report
  • recently commented: “Buyer interest is solid
  • recently explained the importance of knowing the conditions in your area
  • recently released data suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals that the best
  • recently surveyed a panel of over 100 economists
  • recently surveyed over 2
  • Redbook
  • reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report. As we can see
  • regardless of how they use the borrowed funds. Taxpayers who do not own their home have no comparable ability to deduct interest paid on debt
  • reject or counter it again. The contract is considered final when both parties sign the written offer.” If your offer is approved
  • relative to the long run average. If you don’t want to rent anymore and are considering becoming a homeowner
  • remain living in their parent’s home
  • rent growth is starting to pick back up across the nation…Looking into 2018
  • rent is expected to continue gaining. More widespread rent growth could mean home buying demands stay high
  • RentCafé also concluded that the gap is now shrinking. “Undoubtedly
  • rents are still up year-over-year in 89 of the 100 Largest cities. Additionally
  • rents continue to skyrocket. Your housing expense is much more stable if you own instead of rent. You may have some tax benefits. According
  • rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you shoul
  • rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether you should rent
  • rents have steadily increased and are showing no signs of slowing down. If you are faced with the decision of whether you should renew your l
  • reported on what he calls a “Rental Affordability Crisis.” He warns that
  • reports that a homeowner’s net worth is 36 times greater than that of a renter ($194
  • represent almost all of what families have to use for retirement expenses outside of Social Security and traditional pensions. Those families
  • represented the lowest score on the index due in part to the recent collapse in oil prices. In contrast
  • representing a 3.6-month supply.
  • requiring the smallest salaries in order to buy a median-priced home. States with large metropolitan areas saw a bump in the average salary n
  • research from Zillow shows that historically
  • Resident Fellow at American Enterprise Institute Albert Saiz
  • resident-only access and a security system can bring peace of mind.” As scary as that thought may be
  • residents in Iowa can save for a down payment the quickest in just under 2 years (1.99). Below is a map created using the data for each state
  • residents in Ohio can save for a down payment the quickest in just under 3 years (2.44). Below is a map that was created using the data for e
  • respectively
  • respectively). Last but not least
  • respectively. Miami had the lowest share—16 percent—of homes selling at or above the list price.” Increased demand during the spring and sum
  • resulting in incredibly strong demand RIGHT NOW! At the same time
  • resulting in incredibly strong demand RIGHT NOW!! At the same time
  • resulting in the jump we have seen in median tenure! What does this mean for housing? Many believe that a large portion of homeowners are n
  • retail trade. Bottom Line Gone are the days of ‘20% down or no mortgage.’ What could you build with the equity in your house? Let’s get tog
  • returning national prices to their highest level since 2007. The growth has been driven by historically low mortgage rates and unemployment p
  • reunions
  • revealed reasons why homeownership numbers will continue to increase for Millennials. Millennials are the most educated generation in the U.
  • revealed that many Millennials have not yet considered purchasing a home
  • reveals that FSBOs don’t actually save any money
  • reveals that FSBOs don’t actually save anything
  • reveals that FSBOs don’t actually save anything and
  • reveals what happened to home prices the last six times mortgage rates rose by at least 1%. Bottom Line Whether you are a move-up buyer or
  • Rick Palacios Jr.
  • right after their married counterparts and single women. Many couples are buying a home before spending what would be a down payment on a wed
  • right? People are living longer and are more active in retirement
  • rising by 4.3% by this time next year. Bottom Line If you are looking to enter the housing market
  • rising confidence
  • rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate. Le
  • rising prices have had the exact opposite impact on the good-time-to-buy scale as many buyers are nervous that they will not be able to affor
  • rising vacancy rates and/or poor affordability compared to the past
  • rising wage growth
  • Rob Dietz
  • Robert Dietz
  • rolled into your mortgage payment
  • roof
  • rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American household
  • roughly 60.6 million people
  • said: “It’s clear from the survey results that Millennials have a lot of anxiety built up about the home buying process. There is good news
  • said: “There should be 3 million homes on the market right now…Yet
  • sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”
  • sales failed to follow course and far lagged last January’s pace. It’s very clear that too many markets right now are becoming less affordabl
  • sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017. Inventory levels dropped yea
  • sales of homes priced $1 million or more averaged 1.2 percent of all home sales. The spread between high-end sales and equities widened durin
  • sales of newly constructed homes soared to new heights in June to a seasonally adjusted rate of 592
  • sales of newly constructed homes were up 3.7% over January 2016 as they reached a seasonally adjusted annual rate of 555
  • saving almost $16
  • saving for a down payment no longer takes 5 or 10 years
  • saving for a down payment was the barrier that kept 70% of renters from buying. Rob Chrane
  • savings
  • savings accounts/CDs
  • saying: “Because wealth gains spur additional consumer purchases
  • says a new report.” The title of the press release about the report on FAU’s website was “FAU Buy vs. Rent Index Shows Rising Prices and Mort
  • Sean Conlon
  • Seattle and San Francisco – are continuing to underestimate just how quickly home values are rising
  • secure
  • self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to s
  • self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying r
  • seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home
  • seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes
  • seller traffic conditions were ‘weak’ in 22 states
  • seller traffic conditions were ‘weak’ in 24 states
  • sellers are in a great position to negotiate.
  • selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study
  • Senior Economist for Realtor.com “The increases in single-family permits and starts show that builders are planning and starting new constru
  • Senior Manager
  • Senior Research Associate at EBRI
  • Senior Vice President and Chief Economist at Fannie Mae spoke out on this issue: “High home prices have led many consumers to give us the fi
  • Senior Vice President and head of the Single-Family Sales & Relationship Management organization at Freddie Mac
  • set a time schedule as to when your family will be able to move
  • set its value
  • setting yourself up for getting the best price! Bottom Line Let’s get together to discuss the market conditions in our area and get you the
  • several housing experts weighed in on the subject to alleviate these fears. Sean Becketti
  • several markets this summer will continue to see homes going under contract at this remarkably fast pace of under a month.” Takeaway: Invent
  • shifts in the ‘rent vs. buy’ decision are largely driven by changes in mortgage interest rates. Nationally
  • shoddy construction
  • shows that mortgage credit has become more available in each of the last several years. In fact
  • signifying that now is the right time to buy!
  • simply put
  • since 2008
  • sit down with your agent and revisit the pricing conversation.
  • sit with a real estate professional in your marketplace and see what they have to offer.
  • smaller homes.
  • snow removal). With the additional cash gained from the sale of the home
  • so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each
  • so any sign this trend is reversing is something to take note of. We look forward to future releases of these data to determine whether this
  • so are family structures. It shouldn’t be a taboo or looked down upon if grown children are living with their families or older adults are li
  • so did the sales! With additional inventory available in the higher price ranges
  • so far
  • so has the belief of the American people in the stability of housing as a long-term investment.
  • so have home values. Here are the most recent monthly price increases reported in the Home Price Insights Report from CoreLogic: January: Pr
  • so if the mortgage is eaten up by a higher interest expense then there’s less left over for price
  • so if they sense they’re getting a deal
  • so interest rates go down.  Once the elections are over and a President has been elected
  • so it can be viewed as a peek ahead at sales trends two to three months into the future.” According to the latest Foot Traffic Report
  • so let’s get together to discuss the exact market conditions in our area.
  • so take advantage of this knowledge by pointing out your home’s ability to meet their needs.
  • so that’s not news… Beer & Cookies One of the three authors of the study
  • so the average appraisal is higher than homeowner estimate. On the inverse of that
  • so they also tend to spend more time and money maintaining their residence
  • so they have almost nothing to draw from for retirement expenses.” The report echoed the findings of a working paper
  • so they’re much less likely to make a lowball offer and they’ll often want to close quickly — two things that can make the sale much smoother
  • so why would you make one of the most important financial decisions of your life without hiring a real estate professional?
  • so you found your dream house
  • so you know the true condition of the home. If the inspection uncovers undisclosed problems or issues
  • so you know the true condition of the home." If the inspector uncovers undisclosed problems or issues
  • so you know the true condition of the home.” If the inspector uncovers undisclosed problems or issues
  • so you know the true condition of the home.” If the inspector uncovers undisclosed problems or issues
  • social) that far transcend any economic impact. However
  • socioeconomic
  • solid job growth
  • some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient le
  • some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is qu
  • some are fearful that the market is heading for another bubble. To alleviate that fear
  • some are guessing that home prices will depreciate. However
  • some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008. Recent
  • some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the
  • some begin to show concern that we may be headed toward another housing bubble that will be followed by a crash similar to the one we saw las
  • some experts felt that it could have a negative impact on the luxury housing market. Capital Economics: “The impact on expensive homes coul
  • some financial experts recommend your housing costs — primarily your mortgage payments — shouldn’t consume more than 30 percent of your month
  • some homeowners may consider trying to sell their home on their own
  • some homeowners may consider trying to sell their homes on their own
  • some homeowners might consider selling their homes on their own which is known as a For Sale by Owner (FSBO). They rationalize that they don’
  • some of the major benefits are non-financial. Here are a few of those benefits as per the National Association of Realtors: Consistent findi
  • some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciat
  • some prominent experts in the housing industry doubt that home values will be negatively impacted by the rise in rates. Mark Fleming
  • some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real e
  • some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept
  • some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and drama
  • someone who knows the neighborhood they want to move into
  • someone who knows what these actions are
  • something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.
  • something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value. For more information about top renova
  • spending and the broader economy.” Of the 93.9% of homeowners with positive equity in the US
  • spending and the broader economy.” This is great news for homeowners! But
  • spending at least half their income on rental housing. These households struggle to save for a rainy day and pay other bills
  • Spokesperson for Lennar
  • spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buye
  • spurred on by employment gains and a rise in household formations. As the supply of existing homes remains tight
  • startup activity
  • state
  • stating: “The cost of putting a roof over your head continues to go up. Not only are home prices still rising
  • steadfast price growth and weakening affordability conditions.” What this means to sellers Rising prices are a homeowner’s best friend. As
  • stick to your budget
  • still remains historically strong."
  • stocks/mutual funds
  • studies have shown that homes typically sell for more money when handled by a real estate professional. A new study by Collateral Analytics
  • studies have shown that homes typically sell for more money when handled by a real estate professional. A study by Collateral Analytics
  • such as a manned gate house
  • such as doorway space
  • such as families who opt to take care of aging parents or grandparents at home
  • such as strong job growth
  • such as the family financial situation and housing tenure during childhood and adulthood
  • such as the Hamptons
  • suggesting that home prices are tracking a broader economic expansion.”
  • supply is not keeping up. Here are the thoughts of a few industry experts on the subject: National Association of Realtors “Total housing
  • supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts
  • Svenja Gudell
  • take advantage of the low inventory of existing homes in today’s market by selling your current home and moving on to one that truly fits you
  • take comfort in the latest Home Price Expectation Survey. Once a quarter
  • takes out a conforming
  • taking a look at the advice real estate professionals give them
  • tax goodies that come with owning a mortgage
  • taxes
  • technology still plays a huge role in the real estate process. According to the National Association of Realtors
  • thanks to declining interest rates it actually costs almost exactly the same in principal and interest each month to purchase as it did this
  • that average is almost nine years – an increase of almost 50%. Why the dramatic increase? The reasons for this change are plentiful! The f
  • that dream can finally become a reality.
  • that dream is still alive.
  • that equation could change quickly if mortgage rates keep rising in 2017. In that scenario
  • that first home doesn’t need to be a dream home
  • that has driven the real estate market.
  • that have positive equity. (The states in gray have insufficient data to report.) Significant Equity Is On The Rise Frank Martell
  • that have significant equity. (The states in gray have insufficient data to report.) Bottom Line  If you are one of the many homeowners who
  • that is also not the case. As a matter of fact
  • that is based on an analysis of your credit history. Your credit score plays a significant role when securing a mortgage as it helps lenders
  • that is required for all conforming
  • that means you’ll be able to retire in your fifties. Number two
  • that might have made sense. However
  • that number dropped to 5%
  • that number dropped to 6%
  • that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages.
  • that same home will cost you an additional $11
  • that same home will cost you an additional $13
  • that should release an additional 700
  • that time has come.
  • that unless you are living with your parents rent-free
  • that way they can point out anything that should be addressed or fixed. Don’t be surprised to see your inspector climbing on the roof or cra
  • that won’t happen until after the next peak around 2024.  Between now and then
  • that would also impact their decisions regarding real estate. The stock market dipped earlier this year and there was quite a bit of anecdota
  • that you would like to purchase Credit: Your history of paying bills and other debts on time Getting pre-approved is one of many steps that
  • that’s a good thing because it will help to relieve the shortage of homes on the market.” Sam Khater
  • that’s not true. Others think that home prices are approaching bubble values. If we look back over the last sixteen years
  • the $1 million or more share of the market had nearly doubled
  • the 20.7% increase in sales in this range was not the highest percent change achieved
  • the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June
  • the affordability index will continue to fall. That is why if you are thinking of moving up
  • the amount of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketpla
  • the amount of cash needed to purchase that home will also increase. “These factors have created a situation where the market keeps moving th
  • the Annual Survey of Entrepreneurs
  • the answer is yes. This is if they’ve held on to their properties long enough to have positive equity that will be sizable enough to put a la
  • the appraisal might not come back at the price that you have agreed to. These are all opportunities to work with your buyer to make sure that
  • the author claimed
  • the average American household gained over $11
  • the average amount of time that a family stays in their home remained at 10 years in 2017. This mark ties the highest marks set in 2014 and 2
  • the average cost of a wedding in the United States at the start of the year was $25
  • the average down payment for all buyers last year was 10%. For first-time buyers
  • the average FICO score for all closed loans in May was 724
  • the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance
  • the average growth in home equity was more than $15
  • the average homeowner in the United States gained $14
  • the average number of years a homeowner stayed in his or her home was six
  • the average number of years a homeowner stayed in their home was six
  • the average number of years a homeowner stayed in their home was six but has hovered between nine and ten years since 2011. There is a pent-u
  • the average time it took to close a loan was 45 days. 4. There Will Never Be a Better Time to Move Up If your next move will be into a prem
  • the ‘bubble’ bursts. I have taken to calling the housing market a ‘bubble’.” – Bill McBride of Calculated Risk calling the bubble back in A
  • the “strong odds in favor of renting to create more wealth should begin to have an impact on the demand for home ownership and from that
  • the best school districts
  • the better
  • the better in most cases. References – do your homework – ask for phone numbers and names of past clients who you can call to ask about thei
  • the better the economy
  • the better the likelihood for homeownership. And
  • the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”
  • the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housin
  • the Census revealed that the percentage of homeowners in the country increased for the first time in thirteen years. A story in the Wall Str
  • the Chief Economist of NAR
  • the Chief Economist of realtor.com
  • the choice becomes obvious. Every market is different. Before you renew your lease again
  • the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced ho
  • the clear majority of recently surveyed housing experts believe that home values will continue to rise this year. What is the Home Price Exp
  • the closer your tax refund gets you to homeownership! For those in Alabama looking to purchase their first homes
  • the closing date
  • the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair
  • the condition of the house and what you can afford.” Talk with your agent to find out if there are any ways that you can make your offer sta
  • the constant headlines which talk about “tight credit” are causing some potential home buyers to doubt their ability to purchase. We want to
  • the cost to rent or buy is nearly the same. That leaves the decision up to the individual or family as to whether they want to renew their le
  • the cumulative appreciation over the five-year period was 37.4%
  • the current run-up in prices is the market trying to catch up after a crash that dramatically dropped prices for five years. Bottom Line Pr
  • the decision as to whether to rent or buy is closer to a toss-up right now. This means that all things being equal
  • the decision to buy a new home is typically linked to their decision to sell their current home… Because of this link
  • the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices
  • the desire to provide for their family is still there
  • the difference between these numbers in such a short amount of time could be concerning
  • the difficulties of saving for a down payment
  • the disparity was the narrowest it has been in over two years
  • the disparity was the narrowest it has been since March 2015
  • the down payment needed by a son or daughter to make their homeownership dream a reality. How are you going to spend your return?
  • the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortg
  • the early months of 2017 will be your best option. Let’s get together to discuss how you can capitalize on current market conditions.
  • the easier it was to get a mortgage.   As you can see
  • the effect will be much less significant than what some originally thought.
  • the emotional reasons are the more powerful or compelling reasons. No matter what shape or size your living space is
  • the emotional reasons why we choose to buy our own home are
  • the emotional reasons why we choose to buy our own homes are typically more important to us than the financial ones. 1. Owning your home off
  • the exact opposite has happened. Instead of higher rates as we head into the middle of 2017
  • the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest surve
  • the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest s
  • the financial guru
  • the financing costs of the existing mortgage are part of the homeowner’s decision of whether and when to move. Once financing costs for a ne
  • the fireplace and chimney
  • the first-time homebuyer share increased to 35% of all buyers
  • the foundation
  • the fourth consecutive quarter in which the number of renter households declined from the same quarter a year earlier. That could pose challe
  • the fundamental trends we have been seeing all year remain solidly in place as we enter the traditionally slower sales season
  • the greater the chances are that there could be a bidding war for the property. Conclusions from the study: FSBOs achieve prices significan
  • the greater the chances are that there could be a bidding war for the property. The study showed that the difference in price between compara
  • the greater the chances are that there could be a bidding war for the property. Three conclusions from the study: FSBOs achieve prices sign
  • the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now
  • the HCAI: “Measures the percentage of home purchase loans that are likely to default—that is
  • the high-end market will advance.
  • the higher interest rates will go. For a more detailed explanation of the many factors that contribute to whether interest rates go up or dow
  • the highest average home seller return since Q3 2007
  • the highest pace since December 2006. The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months
  • the highest pace since June of this year
  • the holidays are right around the corner
  • the home prices in the Dallas
  • the home prices in these areas have increased by 6.7%
  • the homeownership rate has the opportunity to increase drastically over the next few years with all of these boomerang buyers returning to th
  • the homeownership rate is 30% higher among married couples compared to non-married households. Millennials have put off marriage in the purs
  • the homeownership rate reached an all-time high of 69.4%
  • the housing crisis left the market with an overabundance of distressed properties (foreclosures and short sales). All prices dropped dramatic
  • the housing market will soon “spring forward!” Similar to tension in a spring
  • the housing market will soon “spring forward!” Similar to tension in a spring
  • the increase in building permits is a welcome sign that some relief may be in sight for the inventory shortages that are holding back many ma
  • the increase in home equity also supports consumer balance sheets
  • the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high de
  • the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high de
  • the index also mentioned that “compared to conditions in the same month last year
  • the index also shows that compared to conditions in the same month last year
  • the index showed (again) that home-buying demand continued to outpace supply in May. The map below illustrates buyer demand broken down by s
  • the index showed (again) that homebuying demand continued to outpace the supply of homes available in January. The map below illustrates buy
  • the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market
  • the interest rate on Treasury Bonds does not have to be as high to entice investors to buy them
  • the inventory of existing homes for sale in today’s market is at a 4.2-month supply. Inventory is now 6.5% lower than this time last year
  • the inventory of homes for sale across the US not only failed to recover
  • the inventory of homes for sale dropped 7.1% year-over-year to a 4.3-month supply and is down for the 25th consecutive month. Some homeowner
  • the inventory of homes for sale in the two lower priced markets has dropped by double digit percentages over the last 12 months (16% for star
  • the inventory of homes for sale is also low and competition for housing continues to heat up in many parts of the country.”  The inventory o
  • the inventory of homes for sale is currently at a 3.6-month supply; This is well below the 6-month supply that is needed for a ‘normal’ marke
  • the inventory of homes for sale is currently at a 3.7-month supply; this is well below the 6-month supply that is needed for a ‘normal’ marke
  • the inventory of homes for sale is currently at a 4.7-month supply. This is well below the 6-month supply that is needed for a ‘normal’ marke
  • the inventory of starter and trade-up homes in the US has struggled to keep up with demand! According to the National Association of Realtor
  • The Joint Center for Housing Studies at Harvard University conducts a survey to find driving factors behind why Americans decide to buy a hom
  • the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that wai
  • the largest increase in more than three years. This increase is primarily a reflection of rising home prices
  • the largest increase since Q2 2014. The rising cushion of home equity is one of the main drivers of improved mortgage performance. Since home
  • the latest projections have softened
  • the law of supply and demand impacts home prices. Any time that there is less supply than the market demands
  • the level of appreciation accelerated over the first quarter. CoreLogic believes that home prices will increase by 5.2% over the next twelve
  • the likelihood of homeownership increases by 3 percent for those that earn a bachelor’s degree over those with a high school degree. The like
  • the longest such streak since June 2014. This escalation in home prices reflects both the acute lack of supply and the strengthening economy
  • the lower the probability of a price decrease): Bottom Line If interest rates and prices continue to rise as projected
  • the lower your monthly housing cost will be
  • the lowest level in 17 years. Rising income and consumer confidence has increased the number of prospective homebuyers. The net result of ris
  • the majority is shrinking as home price appreciation continues to outpace rental growth in most areas.” However
  • the majority of the country has weak Seller Traffic
  • the majority of the payment (principle and interest) remain constant. On the other hand
  • the majority of these stereotypes paint the generation in a negative light. A new study by Bank of America entitled Better Money Habits Mill
  • the market has been practically begging builders to both ramp up their efforts overall and to put more focus on serving the less expensive en
  • the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their
  • the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017. Strong buyer demand
  • the median home value would be higher than its current value.” Here are two graphs that help show why home prices are exactly where they sho
  • the median household could only afford about 3/4 of the median home price. Despite relatively stagnant incomes
  • the median net worth of renters decreased by 5% ($5
  • the median number of days it took for a house to go from listed to under contract over the past three months was 34. Bottom Line If you are
  • the median price of homes sold in December (the latest data available) was $232
  • the median price of homes sold in May (the latest data available) was $252
  • the median tenure averaged exactly six years. However
  • the millennial generation’s mantra is
  • the monthly inventory of homes for sale has been below six months for the last five years (see chart below). Bottom Line If buyer demand co
  • the monthly inventory of homes has been below six months for the last four years (see chart 2). Bottom Line If buyer demand outpaces the cu
  • the monthly mortgage payment on a home purchased a year from now will be dramatically more expensive than it would be today.
  • the more affordable homes are. We can see that affordability is better today than in the fifteen years prior to the boom and bust. CoreLogi
  • the more likely you will be to receive a better interest rate for your mortgage
  • the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until
  • the more prepared you can be to make the best decision for you and your family! This tax season
  • the Mortgage Bankers Association and National Association of Realtors (on the right). As you can see
  • the Mortgage Bankers Association and the National Association of Realtors release their projections for where they believe mortgage rates wil
  • the Mortgage Bankers Association and the National Association of Realtors) are still projecting that rates will increase by the fourth quarte
  • The Mortgage Bankers’ Association
  • the mortgage interest rate and wages at the time. Zillow just released research that examined home costs using this formula. The research co
  • the mortgage process can be scary
  • the mortgage ratio has declined significantly.” Bottom Line Many families paid a heavy price because of questionable practices that led to
  • the most important result is actually getting their homes sold. In order to accomplish all three goals
  • the most in four years.” He also believes this is a great sign for the market in 2018
  • the National Association of Realtors
  • the National Association of Realtors (NAR) conducted their own analysis to determine the impact the new tax code may have on home values. NAR
  • the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: “The median exist
  • The National Association of Realtors (NAR) wondered if this could help with a constant challenge cited by many people who wish to purchase a
  • the National Association of Realtors released their Existing Home Sales Report which shed some additional light on the impact of inventory le
  • the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that by the end of 2016
  • the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun reported that now the net worth gap is 45 times greater. Your month
  • the National Association of Realtors’ Chief Economist estimates that the gap has widened even further
  • the new tax code will have an impact on home values across the country. However
  • the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics
  • the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketpla
  • the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketpla
  • the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketpla
  • the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketpla
  • the number of completed foreclosures should continue to decrease.
  • the number of homes available for sale in January was 1
  • the number of multigenerational homes dropped to as low as 12% in 1980 but has shot back up to 19%
  • the number of renters aged 55 or above rose 28 percent
  • the number of these permits were up 7.4% over last year. How will this impact buyers? More inventory means more options. Lawrence Yun
  • the number of these permits were up 7.7% over last year. How will this impact buyers? More inventory means more options. Danielle Hale
  • the number sinks to the median selling price of $163
  • the number with severe burdens (paying more than 50% of income for housing) jumped to a record 11.4 million.” These households struggle to sa
  • the older couple (ex. parents) could get a housing option that probably far surpasses anything else available to them in the current market.
  • the opposite is true. The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the mar
  • the opposite was true as there was a surplus of these homes compared to the buyers that were out searching for their dream homes
  • the pace of new listings were unable to replace what was quickly sold. Home shoppers had little to choose from
  • the participants revealed their reasons for purchasing a new home. The top three factors that influence their purchase include area/location
  • the percentage is still at a healthy rate compared to historic numbers
  • the percentage necessary is less now than in those time periods. The Mortgage Monitor also explains that home affordability is better today
  • the percentage of spendable income people are using to pay their mortgage. Today’s ratio of 4.44% is nowhere near the ratio of 7.21% during
  • the perception of home price changes
  • the pickup in single-family home construction will mean [buyers] will have more options. Especially with the limited number of sales right no
  • the policy-making arm of the Federal Reserve
  • the potential for home sales increased on an annual basis driven by steady income and job growth
  • the price of that item increases. According to the National Association of Realtors (NAR)
  • the price of the house you can afford to buy will decrease if you plan to stay within a certain monthly housing budget. The chart below show
  • the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget. The chart below shows what
  • the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend t
  • the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate
  • the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end of
  • the ratio stands at 4.48% – the lowest level in 38 years! 4. HOUSING AFFORDABILITY With both house prices and mortgage rates on the rise
  • the ratio stood at 7.21%. That meant over 7% of disposable personal income was being spent on mortgage payments. Today
  • the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process
  • the real estate industry is likely to enjoy a long period of expansion.” Bottom Line The reason for the price appreciation we are seeing is
  • the reason has nothing to do with money. For example
  • the recession had a great impact on homeownership…However
  • the report also included a look at today’s home values as compared to Pre-2008 values. Here is a graphic that breaks down the numbers on a st
  • the report also revealed that 95% percent of buyers that used the internet when searching for a home purchased their home through either a re
  • the report also revealed that 96% of buyers who used the internet when searching for homes purchased their homes through either a real estate
  • the report also shows that the average fair market rent rose faster than average weekly wages in 60% of the counties analyzed in the report (
  • the report found that the dream of homeownership remains strong. Of Americans who said they think achieving the American Dream is important
  • the results of the latest Rent vs. Buy Report from Trulia shows that homeownership remains cheaper than renting with a traditional 30-year fi
  • the results revealed that 17% of homebuyers were surprised that closing costs were required at all
  • the return on homeownership—what economists call “imputed rent”—is excluded from taxable income. In contrast
  • the rise in home-equity wealth during 2017 should add more than $50 billion to U.S. consumption spending over the next two to three years.”  
  • the second sale may be even more difficult than the first. If you are planning on entering the housing market this year
  • the second sale might be even more difficult than the first. If you are planning on entering the housing market this year
  • the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves a
  • the seller may not enjoy these same benefits. As Chief Economist Nela Richardson
  • the seller may not enjoy these same benefits. As Hale said: “As new construction continues to increase
  • the seller will counter the offer
  • the seller will not be fighting with a buyer over the price
  • the seller’s agent will submit a counteroffer to your agent
  • the share of recent homebuyers who were single at the time of purchase held steady at 24% last year. The percentage of first-time buyers who
  • the size of the property and the makeup of other families living in the neighborhood (example: you wanted a block with other kids your childr
  • The Skinny on Skinny Inventory.  1. Be Prepared “Homebuyers should talk with a lender
  • the stock and currency markets). When this happens
  • the strength of the stock market will be a key factor in the strength of the luxury market. If the stock market falters
  • the stronger demand there is). In addition to revealing high demand
  • the stronger the demand for homes in that area. Only four states had a ‘stable’ demand level. Seller Supply The index also asked: “How woul
  • the stronger the demand for homes in that area. Only three states had a ‘stable’ demand level. Seller Supply The index also asked: “How wou
  • the stronger the demand is there). In addition to revealing high demand
  • the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have ensued
  • the supply of homes for sale dramatically increases every spring. As an example
  • the time is now! Let’s get together to discuss the specifics of our market!
  • the time to close a loan has dropped to 43 days
  • the time to close a loan has dropped to 44 days
  • the time to close a loan has dropped to a new low of 42 days
  • the time to list is NOW! According to the National Association of Realtors
  • the traditionally busier seasons for real estate
  • the truth is that housing affordability is better today than at almost any time in our history. The naysayers are correct in the fact that a
  • the U.S. housing market has continued to move deeper into buy territory
  • the U.S. housing market has yet to recover. In fact
  • the uncertainty of the economy made some homeowners much more fiscally conservative about making a move. With home prices rising dramaticall
  • the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of specul
  • the United States has been in a sellers’ market since August 2012
  • the unsold inventory as a share of all households is 1.9 percent
  • the Urban Institute revealed that
  • the value of the home you can afford decreases by 2.5%
  • the value of the home you can afford decreases by 2.5% (in this example
  • The View
  • The Wall Street Journal
  • The Washington Post
  • the winter months create a natural slowdown in the market. Jonathan Smoke
  • the young homeowners will have gained $10
  • the young homeowners will have gained $11
  • the young homeowners will have gained $12
  • the young homeowners will have gained over $10
  • the young homeowners will have gained over $11
  • the average FICO® scores of approved conventional and FHA mortgages are much lower. The average conventional loan closed in August had a cre
  • the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest surve
  • the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest s
  • the Mortgage Bankers Association and the National Association of Realtors
  • the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the nex
  • the National Association of Realtors’ Managing Director of Survey Research
  • the seller will not be fighting with a buyer over the price
  • the seller will not be fighting with a buyer over the price but will instead have multiple buyers fighting with each other over the house. R
  • their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than
  • their equity will increase by nearly $43
  • their equity will increase by nearly $45
  • their equity will increase by nearly $49
  • their equity will increase by over $43
  • their equity will increase by over $46
  • their equity will increase by over $48
  • their house will sell quicker and for a higher price. Historically
  • their study showed that 23% of Americans still believe their home is in a negative equity position when
  • their tax refund could potentially get them 69% closer to that dream! Bottom Line Saving for a down payment can seem like a daunting task.
  • then it shouldn’t even be considered (ex: distance from work or family
  • then it shouldn’t even be considered. (ex: distance from work or family
  • then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times more than renters. Now
  • there are 7 factors that you should consider when choosing your retirement home. 1. Affordability “It may be easy enough to purchase your h
  • there are a lot of factors to consider. Bottom Line When it comes to your forever home
  • there are also social benefits of owning your own home.
  • there are approximately 76.4 million baby boomers living in the United States today. Contrary to what many think
  • there are deals to be had in the higher-priced markets. Demand is strong in the starter and trade-up home markets which means that your house
  • there are many forces that are making it difficult for them to do just that! Last week at the National Association of Real Estate Editors 51
  • there are many loans written with a down payment of 3% or less. Many renters may actually be able to enter the housing market sooner than th
  • there are many questions your real estate agent must be able to answer to ensure your family is making the right decision. Here are just a fe
  • there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that mil
  • there are not elevated percentages of investors and house flippers. Therefore
  • there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However
  • there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices; however
  • there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as
  • there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a
  • there are only 1.9 million.” And this situation will be affected greatly by recent natural disasters. Yun continued by saying: “Before the
  • there are programs and options available to help you achieve your dream!
  • there are some millennials who graduate college with what equates to a mortgage payment. For those first-time buyers
  • there are steps you can take to ensure you are most prepared for success when buying a home. The 3 tips we are going to expand on today come
  • there are very different segments within this generation
  • there are at least 11 different people who you will need to be knowledgeable of
  • there are at least 11 different people that you will have to be knowledgeable with and answer to
  • there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as
  • there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has b
  • there has not been a 6-months inventory supply since August 2012! Inventory levels differ depending on the area of the country and price ran
  • there is a bigger group 41 percent who see saving the tax return is best and that group could be potential homebuyers if they are not already
  • there is a concrete point at which buying a home makes more financial sense than renting it.” What proof exists that owning is financially b
  • there is a guideline that often applies; when there is less than a 6-month supply of inventory available
  • there is a shortage of current homeowners willing to put their homes on the market for one of three reasons (see numbers 1
  • there is an associated drop in the supply of homes from the link between the selling and buying decisions. As both supply and demand move tog
  • there is an interesting program being introduced by Lennar Home Builders and Eagle Home Mortgage. “Borrowers with Eagle Home Mortgage’s Stud
  • there is concern that many buyers may no longer be able to afford a home. However
  • there is currently a 4.2- month supply
  • there is currently a 3.4-month supply
  • there is less than a four-month supply of inventory. This represents a decrease in supply of 9.7% from the same time last year. Bottom Line
  • there is little delay in being able to show the home. Open Access with a Phone Call – the seller allows showings with just a phone call’s no
  • there is more inventory available in these markets and you may even get a great deal on a home that has been on the market for a while. If y
  • there is not an elevated rate of speculation.
  • there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. According to the National Association of Realt
  • there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain s
  • there is only a 4.2-month supply of inventory
  • there is proof that today’s standards are nowhere near as lenient as they were leading up to the crash. The Urban Institute’s Housing Financ
  • there is some good news in the situation. The housing crash that mandated that banks be extremely strict on paperwork requirements also allo
  • there is still hope for buyers as mortgage rates remain low compared to recent decades. The report also predicted that home price appreciatio
  • there is still hope! In many markets
  • there is uncertainty in the markets as to who will win. One way that this is noticeable is through the actions of investors. As we get closer
  • there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI). While big projects like adding
  • there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). While big projects like adding a
  • there seems to be no shortage of opinion. However
  • there should be no reason for alarm.
  • there were other concerns like quality of construction (9%)
  • there were significantly more buyers than there were homes for sale
  • there will be a gap between the sentiments surrounding buying and selling. Bottom Line If you are considering listing your home for sale th
  • there will be a surge of new construction coming to the market soon.
  • there won't be much relief from new home construction
  • thereby
  • therefore
  • these households might be the answer that many families are looking for as home prices continue to rise in response to a lack of housing inve
  • these seven factors can be taken into account with a home renovation
  • these workers have not returned. Those who remain are starting to age out and retire
  • they actually seek the stability of homeownership even more than their parents.” Other Key Findings from the Report: Homeowners are 126% mo
  • they also affect supply. From the report:  “For current homeowners
  • they also have the potential to push mortgage rates and house prices up. The higher rates and higher prices create significant affordability
  • they also likely underestimate 1) how large a down payment they could make with their home equity
  • they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that: “FSBOs tend to sell for lower pri
  • they analyzed home sales in a variety of markets. The data showed that: “FSBOs tend to sell for lower prices than comparable home sales
  • they are buying it with the needs of their whole family in mind; ask pet owners
  • they are more stringent than they were even before the boom. Bottom Line It is getting easier to gain financing for a home purchase. Howeve
  • they are negotiating their own salary; the salary that keeps a roof over their family’s head; the salary that puts food on their family’s tab
  • they are still slightly below where we started 2016
  • they can do so on a different TV in another room!
  • they could afford trade-up or premium homes instead. Bottom Line If you plan on purchasing your first home this year
  • they could be surprised with more equity than they had planned. Either way
  • they could buy a more expensive home knowing that the additional monies needed to pay the mortgage would be offset with the additional monies
  • they do not realize that programs are available that allow them to put down as little as 3%. Many renters may actually be able to enter the h
  • they don’t want more foreclosures. For that reason
  • they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains: “S
  • they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas
  • they explained that the number of existing home sales is shrinking
  • they feel more confident in their purchasing power. And
  • they forecast where they believe residential real estate prices will be in twelve months. Below is a map
  • they haven’t greatly outpaced rental appreciation. With rents & home values moving in tandem
  • they haven’t greatly outpaced rental appreciation…Nationally
  • they may choose to delay both the sale of their existing home and the purchase of a new home to maintain the advantageous financing.” The Fr
  • they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house. Limited Access (example:
  • they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions
  • they need to double (maybe even triple) check everything on the application. However
  • they obviously want the best possible price for it with the least amount of hassles along the way. However
  • they obviously want the best possible price with the least amount of hassles. However
  • they report that “buying and owning a home is the essence of ‘The American Dream.’ Each month
  • they reported that 49% of rental households are cost-burdened
  • they reveal how valuable equity can be in retirement planning. Craig Copeland
  • they revealed home appreciation in three categories: percentage appreciation over the last year
  • they see home prices increasing by 4.2%. How might the new tax code impact these numbers? Recently
  • they should price it so that demand for the home is maximized. By doing this
  • they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home
  • they will begin to fade from credit histories
  • they will flock to own their piece of the American Dream. Are you ready to buy your first or even second home?
  • they will instantly desire a smaller home to maintain. While that may be the case for half of those surveyed
  • they will not turn into Superman when negotiating with the buyer or seller in your deal.  Bottom Line Famous sayings become famous because
  • they will pay more for the same house later this year or next year. However
  • they would have to be disciplined enough to reinvest their remaining income in stocks/bonds/other investments for renting a home to be a more
  • they would probably bend over backward to make the process much easier. Bottom Line Instead of concentrating on the additional paperwork re
  • they’re flying off fast
  • they’re likely to bid up a property that’s slightly underpriced
  • they’re still historically low. Most market observers are expecting a gradual rise in home loan rates in the near term
  • think about today’s real estate market? Sixty days ago
  • this (rental affordability) crisis threatens the future value of owned housing
  • this can be a great jump start toward a down payment! The map below shows the average tax refund Americans received last year by state. (The
  • this could be great news.
  • this doesn’t hold true for those choosing between renting with a roommate and buying a starter home.” It seems obvious that sharing the cost
  • this generation will shift their focus to providing the best home for their children to grow up in
  • this graph could heighten concerns as it shows home values rose in the early 2000s
  • this has proven to be the case.” 4. Has the upper-end market been crushed by new State and Local Taxes (SALT) limitations? The answer is “NO
  • this headline may have gone too far. The FAU report notes that rising home prices and the threat of increasing mortgage rates could make the
  • this is one more way to show how important it is for homeowners to stay aware of their local housing market.” Bottom Line Do you know what
  • this is one of the best times in American history to buy a home. Black Night Financial Services discusses this in their most recent Monthly M
  • this just dramatically lessens the demand for your house (see chart below). Instead of the seller trying to ‘win’ the negotiation with one b
  • this made sense. However
  • this makes sense as the cost of a home is determined by the price of the home
  • this market has very little in common with what happened last decade. The two major causes of the housing crash were: A vast oversupply of
  • this may be the perfect time to get the best price for your home. Let’s get together and discuss the inventory levels in your neighborhood to
  • this may be the perfect time to get the best price for your home. Let’s get together to see whether that is the case in your neighborhood.
  • this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity
  • this well-designed home will give you exactly what you want in less square footage (read less real estate taxes!) than your current home. Bo
  • this will continue
  • this will continue unless more listings come to the market. “While the good news is that Realtors in most areas are saying buyer traffic is
  • those increases followed the housing crash of 2008 and national prices are still not back to 2006 levels. If there were no bubble (and subseq
  • those who are not handcuffed by these concerns have a once in a lifetime opportunity to sell their houses at a peak selling time.
  • though
  • though a ‘typical’ housing payment was less expensive in 2012 (remember distressed properties)
  • though standards have become more reasonable over the last few years
  • though. Buyers are becoming more and more educated
  • thousands of homeowners regain positive equity in their homes. Some homeowners are now experiencing values even higher than before the Great
  • three bedroom). “Prices vary widely by market but starters on average cost $150
  • Time
  • title agents and real estate professionals do not expect increasing mortgage rates to have a significant impact on the housing market this sp
  • title insurance
  • title insurance and appraisal fees.” Bankrate.com gathered closing cost data from lenders in every state and Washington
  • to 45 times greater ($225
  • to a degree
  • to a total of $10
  • to be able to call their house their new home. The sale of your starter or trade-up house will help you come up with a larger down payment f
  • to be able to call your house their new home. The sale of your starter or trade-up house will aid in coming up with a larger down payment fo
  • to either move up to a larger home or into a home in an area that better suits your current family needs
  • to help you find your dream home
  • to make sure that you achieve your dream? 3. Are you a good negotiator? So maybe you’re not convinced that you need an agent to sell your h
  • to negotiate any of the details that come up
  • to negotiate the terms of the sale (47%) & price (36%)
  • to pay off high-interest credit card debt
  • to put down as low as 3% and have a maximum loan amount of $424
  • to recognize I'm not just in the business of houses — I'm in the business of dreams in the shape of houses. To disclose all illegal addition
  • to submit to the seller’s real estate agent. This offer will include the purchase price and terms and conditions of the purchase.” Talk with
  • to the appraiser
  • to the home inspection companies
  • to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes. Re
  • to the possible renegotiation of that offer after a home inspection
  • to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are
  • to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are
  • today!
  • today’s lending standards are nowhere near the levels of the boom years. As a matter of fact
  • today’s real estate market is not following the rules of the past. The National Association of Realtors (NAR) measures buyer “foot traffic”
  • too
  • too! According to NAR’s Realtors Confidence Index
  • trade schools and other certificate-granting programs. Jimmy Timmons
  • trade-up
  • Trulia posted a blog
  • Trulia’s Chief Economist
  • TX
  • typically asking for a higher purchase price or to adjust the closing date. In these cases
  • typically at a rate of .51%. PMI serves as an added insurance policy that protects the lender if you are unable to pay your mortgage and can
  • U.S. Economics at Deloitte Services
  • U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.” Here is a chart showing the decrease in inventor
  • Uncategorized
  • understanding the process
  • understanding your budget will give you the confidence of knowing if your dream home is within your reach. Freddie Mac lays out the advantag
  • undervalued during the bust
  • unemployment insurance claims
  • United States Residential Foreclosure Crisis: 10 Years Later
  • unless he owns a house and the ground it stands on
  • unless more listings come to the market. “With new and existing supply failing to catch up with demand
  • unless you are living with your parents rent free
  • unless you are living with your parents rent-free
  • until finally
  • up 5.8 percent from January 2017 ($227
  • up 6.0% over last year to $244
  • up 6.8% from last year and marks the 57th consecutive month of year-over-year gains.
  • up almost 50 percent since the trough in March 2011. While low mortgage rates are keeping the market affordable from a monthly payment persp
  • up from 14% last year) Valerie Sheets
  • up from 19% last year) Cost savings (17%) Children over the age of 18 moving back home (16%
  • up from 32% in 2014. Not all millennials are first-time buyers
  • up from 38% in 2015 and 31% at the lowest point during the recent housing cycle in 2011
  • up to over 45% in Ventura County (CA)
  • updates
  • Urban Institute: “We are not in a bubble and nowhere near the situation preceding the 2008 housing crisis.” “Despite recent increases
  • USA Today
  • Utah
  • utilities – all the things that will be due whether or not you have a mortgage on the property.” Would moving to a complex with homeowner as
  • values are still about 18% below where they were.” (emphasis added) 2. MORTGAGE STANDARDS Some are concerned that banks are once again easi
  • ventilation
  • very low unemployment
  • via a home equity loan or reverse mortgage.” The equity you have in your current home may be enough to purchase your retirement home with li
  • Vice President & Chief Economist at Fannie Mae
  • visit the Tax Foundation.
  • VP of Capital Markets at Quicken Loans
  • VP of Capital Markets at Quicken Loans urges anyone looking to buy or sell in today’s market to remember the impact of this challenge:  “Whi
  • vs. the percentage needed to buy a median-priced home (15%)
  • waiting might make sense. If you are a first-time buyer or a seller thinking of moving up
  • waiting probably doesn’t make sense.
  • waiting to move may end up costing you more!
  • waiting to move may end up costing you more! Alaska & West Virginia were the only states where home prices are lower than they were last yea
  • waiting to purchase your next home based on the belief that prices will fall because of rising mortgage rates makes no sense.
  • waiting until later this year and hoping for prices to fall may not be a good strategy.
  • waiting until the spring to list your home means you will have the greatest competition amongst buyers. Bottom Line It may make sense to be
  • walk away. Your agent can advise you on the best course of action once the report is filed. How to Choose an Inspector Your agent will most
  • Wall Street Journal
  • wanting a stable and safe environment
  • was January
  • was recently asked the question
  • Washington
  • Washington Post
  • we all know headlines can attract readers and the stronger the headline the more readership you can attract
  • we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item
  • we are
  • we are in a seller’s market and we will see appreciation. Between 6-7 months is a neutral market
  • we are not at the levels that led to the housing bubble and bust.
  • we are not coming close to the lax standards that caused the housing crisis of last decade.
  • we are not seeing the irresponsible lending that caused the housing crisis.
  • we are nowhere near the lenient standards during the boom. The Urban Institute also publishes a Home Credit Availability Index (HCAI). Accor
  • we believe that purchasing a home now will prove to be a sound financial decision for years to come. As Warren Buffet said
  • we can begin to decipher the actual that impact tax reform has had on the real estate market. 1. Has tax reform killed off home buyer demand
  • we can definitely say one thing: If you are considering selling
  • we can see that
  • we can see that builders are not “over building.” Average annual housing starts in the first quarter of this year were not just below numbers
  • we can see that not much has changed
  • we can see that prices were overvalued during the boom
  • we can see that the current market is not anything like the bubble market.
  • we can see that the numbers of housing starts during the current recovery (2012-Today) are still way below historic averages
  • we can understand the concern Americans have about the current increase in home prices. However
  • we cannot ignore the connection between jobs and homeownership. A healthy economy is driven by jobs coupled with consumer confidence that usu
  • we continue to see a lack of housing supply as many potential sellers are unwilling or unable to put their homes on the market…”  Bottom Lin
  • we determined how long it would take
  • we expect the opposite effect to become evident in the coming months. As such
  • we explained that a family buying an average priced home this past January could build more than $46
  • we have dispelled this myth by showing that there are many loan programs that allow you to put down as little as 3% (or 0% with a VA loan).
  • we have increases in nominal home prices. We expect this to be more pronounced
  • we just had normal historic appreciation from 2000 to today. According to the 100+ experts that are surveyed for the Home Price Expectation S
  • we must look at home prices
  • we must realize during that time the housing crisis left the market with an overabundance of housing inventory with as many as one out of thr
  • we must realize that affordability is composed of three ingredients: home prices
  • we must realize that at that time there was an overabundance of housing inventory and as many as one out of three listings was a distressed p
  • we must realize that current rates are still at historic lows. Here is a chart showing the average mortgage interest rate over the last seve
  • we must realize that during that time
  • we must realize that just catching prices of a decade ago does not mean we are at bubble numbers. Here is a graph of median prices as reporte
  • we must remember that home prices collapsed during the housing crash
  • we now have the lowest rates of the year (as reported by Freddie Mac). Here is a graph of mortgage rate movement since the beginning of the y
  • we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of
  • we see a different story. The blue bars on this graph represent were prices would be if they had increased by the normal annual appreciation
  • we see no reason to change our forecast for mortgage rates to reach 3.85% by the end of this year
  • we set out to find out how long it would take to save for a down payment in each state. Using data from the United States Census Bureau and
  • we shared “7 Factors To Consider When Choosing A Home To Retire In.” For some homeowners
  • we shared the results of the latest Home Price Expectation Survey by Pulsenomics. One of the big takeaways from the survey is that over the n
  • we should be very comfortable that current home values are not overinflated.
  • we want to assure everyone that this is not the case. Here is a graph created from data released by the Federal Reserve Board which shows the
  • we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on educational achieveme
  • we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on the civic participati
  • we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on the health of family
  • we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 four
  • we were able to establish how long (in years) it would take for an average resident to save enough money to buy a home of their own. Accordi
  • we will report the study’s findings on the impact homeownership has on a family’s health.
  • we will report the study’s findings on the impact homeownership has on civic participation and a family’s health.
  • we will still be under 5 percent – we are thinking 4.7 percent…Something north of 5 percent by the time we get to 2018
  • we would like to clear up any confusion that may exist. There are three major points that we would like to counter: 1. The Title The CNN bl
  • we’ll see that rates have already started to level off and return to the mark set in February. This is great news for anyone looking to buy
  • we’re not talking about 2006 dollars.” Christopher Thornberg
  • we explained that a family buying an average priced home at the beginning of 2017 could build more than $42
  • we explained that a family that purchased an average-priced home at the beginning of 2017 could build more than $48
  • we explained that a family that purchased an average-priced home at the beginning of 2018 could build more than $44
  • well ahead of having a successful marriage
  • well under the 6-months needed for a normal housing market. This means
  • what can you do if you feel stuck & want to move on? Don’t give up! If you are looking to move-up to an existing luxury home
  • what credit score is necessary? Below is a breakdown of the FICO® Score distribution of all closed (approved) loans in July from Ellie Mae’s
  • what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doi
  • what does this mean for homeowners and their equity position? As an example
  • what does this mean? Waiting until the end of the year to buy
  • what if those services didn’t cost the seller a penny? A study by Collateral Analytics
  • what is holding renters back? What would make renters take the plunge? NAR’s Chief Economist
  • what makes you think they will not act the same way when negotiating for you and your family? If they were Clark Kent when negotiating with
  • what’s driving the market is a shift in favor of owning rather than renting. ‘This is market
  • when competition is fierce to find a dream home
  • when data was first collected on this subject
  • when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place
  • when it comes to buying your first home or selling your current house to buy the home of your dreams
  • when it was $57
  • when it was 27 percent.” 2. Projected Home Price Increases If you just got married or just found out you are about to become a parent
  • when median home prices were still falling nationwide. If that pattern continues
  • when we look at the cost of a home
  • when we look at the Housing Affordability Index released by the National Association of Realtors
  • when you go to sell your home down the road
  • where demand is highest
  • where homes were on the market for an average of 160 days according to the Institute for Luxury Home Marketing. Bottom Line If you are even
  • where inventory levels are not keeping up with the constant stream of buyer demand
  • where it seems like all the answers are just a mouse-click away
  • where prices appreciate with inflation
  • where prices will increase at the rate of inflation. More than a 7-month supply means we are in a buyer’s market and should expect depreciati
  • where renters spend a staggering 79.5% of average wages on rent
  • where supply is very low and demand is very high
  • whereas minorities and younger Americans
  • whether it is your first time or your fifth
  • whether it’s insurance
  • whether it’s your first time or your fifth time
  • whether you are a rookie homebuyer or have gone through the process many times
  • which
  • which at the current sales rate was just 3.6 months of supply – almost half of the 6.0 months level that is considered a balanced market.” R
  • which calculates mortgage debt as a percentage of disposable personal income. At the height of the bubble market a decade ago
  • which could help lure more of the critical first-time-buyer segment into home purchases.” Bottom Line If you are one of the many millennial
  • which created a buyer’s market. According to the National Association of Realtors latest Existing Home Sales Report
  • which drives up home values
  • which equates to a 10% down payment on a median priced home. A recent article from the New York Times found that many singles are now asking
  • which equates to over 284
  • which examined home affordability over the last 40+ years (1975-2016). Their research revealed that: “Nationally
  • which experienced a -0.5% appreciation.
  • which focuses on recently closed (approved) loans. As you can see below
  • which focuses on recently closed (approved) loans. As you can see in the chart above
  • which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018
  • which has caused prices to rise. The great news about rising prices
  • which has driven prices up across the country. Until the supply starts to better match demand
  • which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the
  • which includes data from 2010-2013
  • which increases consumer house-buying power. Mortgage rates are on the rise because of a stronger economy and our housing market is well posi
  • which is a huge factor driving them to look for larger homes. Increased competition in the starter home market has also been a driving force
  • which is also known as buyer traffic. As seen on the map below
  • which is creating more of a buyer’s market. Bottom Line Real estate is local. If you are thinking about buying OR selling this fall
  • which is directly related to the lack of inventory.
  • which is down from 4.0 months a year ago.” Joseph Kirchner
  • which is down from 4.5 months one year ago. Bottom Line With demand increasing and supply dropping
  • which is great news for homeowners! Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined a
  • which is leading to a highly competitive seller’s market in these categories. Premium homebuyers
  • which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts yo
  • which is the lowest Q2 reading in over 30 years.” CoreLogic’s President & CEO
  • which is up 5.8% from last year. This increase also marks the 63rd consecutive month with year-over-year gains. If we look at home prices ye
  • which is well under the 6-month supply needed for a normal housing market. This means
  • which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of
  • which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratif
  • which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater
  • which means risk continues to steadily decline as a result of increasing home prices.” Frank Martell
  • which measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home
  • which often leads to bidding wars. One caveat to mention though
  • which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May
  • which should bring prices back in conjunction with their 40-year trend.” Bottom Line The majority of the country is strongly in buy territo
  • which stops many of them from even trying! Here are some facts: 40% of millennials who purchased homes this year have put down less than 10%
  • which tend to be pricier
  • which usually falls off in the winter months
  • which we refer to as the default risk. This measure indicates that the probability of default rose from 12 percent in 2001 to a peak of 16.5
  • which will lessen the demand for your house. Bottom Line Waiting until after the holidays to sell your home probably doesn’t make sense.
  • which will translate into more ‘home for your money.’ Many potential buyers believe that they need a 750 FICO® Score or higher to be able to
  • which work for the buyer and will almost always find some problems with the house The appraiser if there is a question of value 4. FSBOing
  • which work for the buyer and will almost always find some problems with the house The termite company if there are challenges The buyer’s l
  • while 26% of respondents said that now is not a good time to sell (down from 30%). The net score is the difference between the two percentage
  • while 75.9% now have significant equity (defined as more than 20%)! The report also revealed that 548
  • while also helping to ease price increases throughout the country. Unfortunately for builders
  • while also letting your agent know what features are most important to you before starting to show you houses in your desired area.
  • while another 35% were stunned by how much higher the fees were than expected. “Homebuyers reported being most surprised by mortgage insuran
  • while cash investments – such as savings accounts and CD’s – came in second with 23% (the same as last year). The chart below shows the full
  • while FHA mortgages closed with a score of 683. The average across all loans closed in August was 724. The chart below shows the distribution
  • while FHA mortgages closed with a score of 686. The average across all loans closed in February was 720. The chart below shows the distributi
  • while neighborhoods of San Francisco and San Jose
  • while only 23% of those over 50 did. Bottom Line Many had wondered if young Americans had lost their desire to own a home
  • while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons not t
  • while others who already have their homes on the market decide to take them off until after the holidays. Here are six great reasons not to w
  • while owners in Washington and Utah have experienced a 3% increase in values since the start of this year! Nationally
  • while repeat buyers put down 14% (no doubt aided by the sale of their home). This just goes to show that for a large number of buyers last ye
  • while repeat buyers put down 14% (no doubt aided by the sale of their homes). This just goes to show that for a large number of buyers last y
  • while roughly a quarter name stocks or mutual funds.”  The survey also showed that the percentage of Americans who believe real estate is th
  • while single men accounted for 7% of buyers. A recent report pointed to a sense of responsibility and commitment that drives many single wome
  • while single men accounted for 7% of buyers. According to a survey by the Wedding Report
  • while single men accounted for 8% of buyers. One recent article pointed to a sense of responsibility and commitment that drives many single w
  • while still in recovery from the Great Recession. Bottom Line As the real estate market has recovered
  • while the current rate is 62.9%. When comparing these two figures
  • while the more cautious bears predict an appreciation of 8.3%. Bottom Line Every day
  • while the more cautious bears predicted an appreciation of 11.2%. Where are prices headed in the next 5 years? Data from the most recent HP
  • while the most affordable market was Madison County
  • while the number of renters actually fell by 286
  • while the typical house sold by an agent sells for $245
  • while the typical house sold by an agent sells for $249
  • while those aged 34 or younger only increased 3 percent… Meanwhile
  • while U.S. whites have fewer multigenerational homes (15%).” Additionally
  • while simply and effectively explaining what is happening in the current housing market.
  • who are bracing this year for one of the largest infusions of new rental supply in three decades.” America’s belief in homeownership was als
  • who believe that they need at least a 20% down payment in order to buy a home or move on to their next home. Time after time
  • who believe that you need at least a 20% down payment in order to buy a home
  • who called the last housing bubble
  • who took advantage of the First-Time Homebuyer Tax Credit in 2008
  • whose credit and income requirements qualify
  • why can’t you? Your dream home is waiting!
  • why not give yourself the gift of homeownership? Lock in your housing costs for the next 30 years and guarantee you are the one building weal
  • will end up costing you more money on your monthly mortgage payment. For every $250
  • will need to be paid when you obtain a mortgage. These are fees charged by people representing your purchase
  • will need to be paid when you obtain a mortgage.  These are fees charged by people representing your purchase
  • will no doubt influence how many homes continue to sell over list price. This should not be seen by sellers as permission to overprice their
  • willing
  • willing and able to buy in your area.
  • willing and able to buy now!
  • willing and able to purchase… and are in the market right now! More often than not
  • willing and able to purchase…and are in the market right now! More often than not
  • windows
  • wiring
  • with $1.3 trillion in outstanding student loans spread out among 42 million borrowers.   Particularly with millennial buyers
  • with $70 billion projected for 2017. NAR’s President William E. Brown shed some light on the impact of pet owners and their home search
  • with 20% believing that an increase in rent will be the catalyst that pushes them to consider buying a home vs. renewing their lease. So
  • with 43% thinking a “good credit score” is over 780. In actuality
  • with 43% thinking a “good credit score” is over 780. In actuality
  • with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of millennials belie
  • with a high of 66% in Nevada
  • with a limit on the MID raising taxes for those that itemize.” Mark Zandi of Moody’s Analytics: “The impact on house prices is much greater
  • with a low down payment program
  • with bidding wars par for the course. Home prices have now surpassed their last peak
  • with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset. Looking strictly at h
  • with Freddie Mac predicting that rates will rise to 4.3% in Q4. 3. “Renting may be a better option than buying
  • with home prices rising and a lack of inventory
  • with home prices rising dramatically over the last several years
  • with homeowners in Washington gaining an average of $38
  • with increasing frequency lately
  • with less distressed properties
  • with little impact on home sales and prices when the economy was also strong…Historically
  • with low available inventory in the starter and trade-up home categories
  • with many buyers putting down 3% or less)
  • with many complete remodels costing $20
  • with more potential homeowners and far fewer speculators in the housing market compared to the 2005-2007 period.” And what does McBride
  • with prices and mortgage rates also expected to increase
  • with prices increasing each month
  • with rates still projected to increase
  • with record high percentages of consumers citing home prices as the primary reason for both perceptions. Such a sizable gap between selling a
  • with the economy coming back and wages starting to increase
  • with the foreclosure peak occurring in 2010. As we look back over 10 years of the foreclosure crisis
  • with the only exception being the state of Connecticut
  • with their home the most valuable asset for most; the median family wealth for renters is $5
  • with Veterans Affairs Loans allowing many veterans to purchase a home with 0% down. If you started your down payment savings with your tax r
  • with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within 30 days
  • without having to give up your favorite restaurants and grocery stores. Bottom Line If you are debating a major renovation that would chang
  • women are a bit more likely to live in multigenerational conditions than are their male counterparts (12% vs. 10%
  • women are a bit more likely to live in multigenerational conditions than are their male counterparts (20% vs. 18%
  • work history
  • Working Woman
  • would a condo with an HOA fee be worth the added peace of mind of not having to do the maintenance work yourself? 4. Security “Elderly home
  • would vote to raise the federal fund's target rate at their December meeting. For only the second time in a decade
  • would you like to OWN instead of RENT your primary residence? Over three-quarters of respondents under the age of 50 said that they would pr
  • Wyoming came in with the highest score at 115.1. The full results can be seen in the map below. Forbes Senior Editor Kurt Badenhausen explai
  • Yahoo
  • year over year.” Price Appreciation = Good News for Homeowners Frank Nothaft
  • year-over-year. The map below shows the percentage of homes by state with a mortgage and positive equity. (The states in gray have insuffici
  • yet many continue renting! Today
  • yet many continue to rent! Today
  • you and your family are the only ones who can decide if homeownership is the right path to go down. Real estate is local and every market is
  • you are a resident of Arizona or Hawaii! Every hour in the United States: 614 homes are sold
  • you are contributing to your landlord’s net worth. The latest National Housing Pulse Survey from NAR reveals that 84% of consumers believe t
  • you are contributing to your net worth by increasing the equity in your home. That is why
  • you are contributing to your net worth. Every time you pay your rent
  • you are contributing to your net worth. Every time you pay your rent
  • you are in the driver’s seat right now. It might be time to hit the gas.
  • you are over the moon excited about your newly renovated oasis. In the long term
  • you are paying a mortgage – either your mortgage or your landlord’s. As a paper from the Joint Center for Housing Studies at Harvard Universi
  • you are paying a mortgage – either yours or your landlord’s. As an owner
  • you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine
  • You are Paying a Mortgage There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation o
  • You are Paying a Mortgage  There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation
  • you are probably getting a lot of advice. Though your friends and family will have your best interest at heart
  • you are probably getting a lot of advice. Though your friends and family will have your best interests at heart
  • you are subject to far less competition than at any time in recent history. That will result in your home selling quickly and for the highest
  • you are paying a mortgage – either yours or your landlord’s. As an owner
  • you can actually purchase $115.34 worth of goods for $100.
  • you can actually purchase $116.01 worth of goods for $100. For more information regarding the methodology used to create the map
  • you can also lock-in your 30-year housing expense with an interest rate around 3.46% right now. Interest rates are projected to increase mode
  • you can also lock-in your 30-year housing expense with an interest rate around 3.57% right now. Interest rates are projected to increase mode
  • you can cancel your PMI and remove that expense from your mortgage payment.”  As the borrower
  • you can check out the complete list here.
  • you can choose to make your buyer jump through hoops. But what happens if they reach their limit and need to walk away? You’re starting over…
  • you can discuss any repairs that may need to be made with the seller
  • you can discuss any repairs that may need to be made with the seller or even cancel the contract altogether. 4. Act Fast The inventory of h
  • you can easily spend half a million dollars or more on rent over the years ($1
  • you can either accept the offer or decide if you want to counter. Each time changes are made through a counteroffer
  • you can expect a 67% return on a $30
  • you can never have too much information about Private Mortgage Insurance (PMI). What is PMI? Freddie Mac defines PMI as: “An insurance pol
  • you can pay yourself in the long run through paying down a mortgage on a house.” The article listed five reasons why owning a home makes fin
  • you can rent out your property during peak vacation times and pay off your mortgage faster. Purchasing your retirement home now will allow y
  • you can still get a better interest rate than your older brother or sister did ten years ago
  • you can still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years
  • you can still get a mortgage at historically low rates RIGHT NOW.
  • you can take this all into consideration when buying your dream home! 4. You have control over renovations
  • you can wake up every morning knowing that your investment is gaining value while providing you a safe place to live. Bottom Line Before yo
  • you could pay off a $200
  • you could put down a sizeable down payment on a vacation/retirement home in the location that you would like to eventually retire to. While y
  • you don’t need a landlord’s permission to make the house feel like a home. Homeownership improves your community. The National Association
  • you first need to know that they care about what you need and what you expect from the sale. If the agent is not interested in first establis
  • you got to brownbag your lunch. Think about that! Brownbag your lunch literally for fifteen years. You can retire ten years sooner than your
  • you guarantee that your landlord is the person with that equity. Homeownership provides tax savings – One way to save on taxes is to own you
  • you guarantee the landlord is the person building that equity. Interest rates are still at historic lows
  • you guarantee the landlord is the person with that equity. Interest rates are still at historic lows
  • you guarantee your landlord is the person with that equity. Are you ready to put your housing cost to work for you? 4. It’s Time to Move on
  • you guarantee your landlord is the person with that equity. Are you ready to put your housing cost to work for you? It’s Time to Move on wi
  • you guarantee your landlord is the person with that equity. Are you ready to put your housing cost to work for you?  4. It’s Time to Move o
  • you have at least one thing in common: feeling stuck in place. According to data from the National Association of Realtors’ Profile of Home
  • you have no choice – that monthly housing cost has got to be paid no matter what…Homeownership can be an outstanding way to force yourself to
  • you have the chance to live anywhere you want. Or you can just stay where you are. There hasn’t been another time in life when we’ve had that
  • you lock in your monthly housing cost for the next 5
  • you may already qualify for a loan. The average FICO Score of all closed loans in September was 731
  • you may already qualify for a loan. The average FICO® Score of all closed loans in September was 724
  • you may be able to apply it to the purchase of your next home. Maintaining a healthy amount of home equity gives you a source of emergency fu
  • you may be closer to your dream home than you think! Let's meet up so I can help you evaluate your ability to buy today.
  • you may be closer to your dream home than you think! Let’s meet up so I can help you evaluate your ability to buy today.
  • you may be dramatically undermining the value of your house by cutting down the number of bedrooms and making it less desirable to the typica
  • you may be pleasantly surprised at your ability to do so as well.
  • you may be pleasantly surprised at your ability to do so.
  • you may decide to rent until you pick the perfect home in an area you love. However
  • you may have plans to move up a bigger home or perhaps move to a different area. Waiting to buy a more expensive home in this market probably
  • you might be pleasantly surprised at your ability to buy a home of your own instead. Bottom Line One way to protect yourself from rising re
  • you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong
  • you might start to think that everything you see on TV must be how it works in real life
  • you might think that the housing market will do the same. This couldn’t be further from the truth! Here are 4 reasons you should consider buy
  • you more than likely also considered school district
  • you must not be concerned about price
  • YOU NEED A GREAT AGENT!
  • you need a real estate professional on your team! There are many benefits to using a local professional! Pick a professional who knows your
  • you need an agent who is going to educate you and share the information that you need to know before you even know you need it.
  • you need an agent who is going to help you make the best ‘initial offer’ so that you stand out from the crowd. Every house in today’s market
  • you need an agent you can trust to help you move on with what's important.
  • you need to know that the home you will buy in another state may be appreciating even faster.
  • you or the seller have the option to accept
  • you pay the monthly premiums for the insurance policy
  • you pay the mortgage off 15-years sooner
  • you probably bought it at a time when your children were the major consideration in determining family housing needs. Along with a large home
  • you probably shouldn’t wait. Bottom Line If you have held off on moving up to your family’s dream home because you were hoping to time the
  • you should always look for someone with the heart of a teacher
  • you should most certainly own the roof over your head if you're serious about your finances. It won't make you rich overnight
  • you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight
  • you should pay attention to where mortgage interest rates are heading. Over the course of 2018
  • you should take this into consideration. Bottom Line One way to protect yourself from rising rents is to lock in your housing expense by bu
  • you want to make sure that you have an agent who is going to have the tough conversations with you
  • you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true! Freddie Ma
  • you want to make sure that you make a great offer so that you can guarantee that your dream of making this house yours comes true! Below are
  • you want your family to be safer
  • you want your family to be safer or you just want to have control over renovations
  • you will be trusting them to help you make one of the biggest financial decisions of your life. Whether this is your first or fifth time buy
  • you will be trusting them with helping you make one of the biggest financial decisions of your life. Whether this is your first or fifth tim
  • you will interact with many different professionals
  • you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer
  • you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer
  • you will need to fill out their loan application and provide them with important information regarding “your credit
  • you will recoup only 64.4% of a remodeling project’s investment dollars if you sell in the future. Your home is probably at its highest valu
  • you will spend $49.21 more per month
  • you work with your agent to present it as quickly as possible. Bottom Line  Whether buying your first home or your fifth
  • you work with your agent to present it as soon as possible. 3. Make a Solid Offer Freddie Mac offers this advice to help make your offer th
  • you would rather know what they think than make a costly mistake. According to a Consumer Housing Trends Study
  • you would rather know what they think than make a costly mistake. According to the Home Buyer and Seller Generational Trends Report: “Buyer
  • you're paying someone else's mortgage. In effect
  • you’ll be glad you did your homework first to understand how much you can afford. Your agent will also be key in the negotiation process
  • you’ll cost yourself more than the real estate commission…You’ll come out slightly better and with a lot less hassle if you use a top-shelf a
  • you’ll have a really good chance to sell in May or June
  • you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue
  • you’ll need to have saved for a down payment (the average down payment on all loans was 11% last month
  • you’ll need to have saved for a down payment (73% of all buyers made a down payment of less than 20%
  • you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible)
  • you’ll save a fortune (on potentially hundreds of thousands of dollars in interest payments).” What will it cost to pay your mortgage in fif
  • you’ll soon realize the value in selecting a real estate professional. From the buyer (who wants the best deal possible)
  • you’ll soon realize the value in selecting a real estate professional. From the buyers (who want the best deals possible)
  • you’ll want to beat this new competition to market to ensure you get the most attention for your listing and the best price.
  • you’re making someone else rich.” Christina Boyle
  • you’re paying someone else’s mortgage. In effect
  • you’ve been searching for that perfect house to call a ‘home
  • you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process
  • you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process
  • you’ve inevitably heard the real estate mantra
  • you’ve now taken a 4-bedroom home in a great school district and turned it into a 2-bedroom home. Your pool of potential buyers has shrunk si
  • you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities tha
  • young homeowners who were either looking for more space to accommodate their growing family or looking for a better school district were more
  • young households are missing out on the wealth gains most homeowners have accrued from the 41% cumulative rise in existing home prices since
  • your agent can make sure that contingencies are in place for you to pay the best price. Their analysis of comparable properties in the area w
  • your agent is there to protect your interests and make sure your home buying experience is a good one. 3. Negotiated better sales contract t
  • your agent will draw up an offer
  • your agent will help you to determine the offer that you are going to present. Getting pre-approved will not only show home-sellers that you
  • your bid will be that much more attractive to a seller. 2. Think Strategically “Starter homebuyers don’t have a home to sell and can be fle
  • your borrowing power will remain strong by historic standards.”
  • your costs could be significantly greater. According to Freddie Mac
  • your home will sell quickly
  • your home will sell quickly AND you’ll be able to find a premium home to call your own! Prices are projected to appreciate by 5.0% over the
  • your house’s price will increase but not as much as a home currently valued higher than yours. 3. Projected Interest Rate Increases The Mor
  • your housing expense will increase if a mortgage is necessary to buy your next home. 3. Either Way
  • your housing expense will increase if a mortgage is necessary to buy your next home. Either Way
  • your housing payments go toward owning your home instead of renting it; building your personal wealth and assets instead of someone else’s.
  • your lender will require PMI
  • your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home that you can tap into later in life. As a re
  • your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a ren
  • your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a re
  • your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a ren
  • your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a ren
  • your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a r
  • your next step will be finding a lender and getting pre-approved for a mortgage. Doing this will ensure that you know your budget before you
  • your purchasing power goes down
  • your refund could be your key to homeownership!
  • Zillow issued a press release which revealed: “If the housing bubble and bust had not happened
  • Zillow’s Chief Economist “Everyone has been talking about tight inventory but I think we are OK calling it a straight up inventory crisis at
  • Zillow’s Senior Economist
  • [new home sales] are at about 63% of their fifty-year average level—way better than 2011
  • [the] market mismatch score for starter homes would be 20.” The results of their latest analysis are detailed in the chart below. Nationall

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