A Tale of Two Markets: A trend that has been emerging for some time now is the contrast between inventory and demand in the premium and luxury markets versus the starter and trade-up home markets and what that is in turn doing to … [Read more...]
Let’s Look at What People Are Saying About an Economic Slowdown
Recently, it was reported that many believe a recession could happen within the next two years. We explained that 70% of economists and market analysts surveyed last year believe that a recession will occur in 2019 or 2020 and that 42% of … [Read more...]
Reasons Why Home Buyers Decide to Use a 20% Down Payment
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a … [Read more...]
Home Buyers are Optimistic About Becoming Homeowners
When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we … [Read more...]
A Buyer’s Ability to Access Your Home is a Key Factor in Selling Your Home
So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to … [Read more...]
Spring 2019: The Cost of Renting vs. Buying [INFOGRAPHIC]
Some Highlights: Historically, 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 home today (27.7%) vs. the percentage needed to buy a … [Read more...]
Now Is a Great Time For Baby Boomers To Find Their Dream Home
Over the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in the type of … [Read more...]
2 Trends That Are Keeping Housing Affordable
Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in … [Read more...]
Reasons Why Homeowners Decide to Sell Their House
There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the … [Read more...]
How Long Does It Take To Save For Your Down Payment?
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down … [Read more...]
National Housing Market: Existing Home Sales Slow to Start This Spring [INFOGRAPHIC]
Some Highlights: Existing Home Sales slowed to an annual pace of 5.21 million home sales in March. Low inventory levels are still impacting home sales! The current month’s supply of homes for sale is 3.9-months. Median home … [Read more...]
Since 2005, Renters Pay Higher Rental Rates While Owners Pay Lower Mortgage Rates
In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December … [Read more...]
New Report Explores Impact of Senior Living on Housing Inventory Shortage
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while … [Read more...]
Is Buying A Fixer-Upper The Key To Finding Your Dream Home When Inventory Is Low?
According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a … [Read more...]
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