Blog

  • Over Half of Americans Planning on Buying in the Next 5 Years

    Over Half of Americans Planning on Buying in the Next 5 Years

    According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also Read More Read More »
  • Real Estate: 2016 Will Be the Best Year in a Decade

    Real Estate: 2016 Will Be the Best Year in a Decade

    A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.” Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Read More Read More »
  • Don’t Wait! Move Up To Your Dream Home Now!

    Don’t Wait! Move Up To Your Dream Home Now!

    Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows. Sellers should realize that waiting to make the move when mortgage rates are projected Read More Read More »
  • Gap Between Homeowner’s & Appraiser’s Opinions Widen

    Gap Between Homeowner’s & Appraiser’s Opinions Widen

    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the Read More Read More »
  • Low Inventory Causes Home Prices to Accelerate

    Low Inventory Causes Home Prices to Accelerate

    The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report: “Without a significant Read More Read More »
  • Harvard: Why Owning A Home Makes Sense Financially

    Harvard: Why Owning A Home Makes Sense Financially

    We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership in his paper –The Dream Lives On: the Future Read More Read More »
  • A Million+ Boomerang Buyers about to Enter Market

    A Million+ Boomerang Buyers about to Enter Market

    TransUnion recently released the results of a new study titled “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners that were negatively impacted by the housing crisis could re-enter the housing market in the next three years. TransUnion defined “negatively impacted” as… “…those who were 60+ days Read More Read More »
  • When Is It A Good Time To Rent? NOT Now!

    When Is It A Good Time To Rent? NOT Now!

    People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their third quarter median rent numbers. Read More Read More »
  • Selling Your House? 5 Reasons You Shouldn’t For Sale By Owner

    Selling Your House? 5 Reasons You Shouldn’t For Sale By Owner

    In today’s market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers. Here are five of those Read More Read More »
  • You Will Need to Sell Your Home Twice

    You Will Need to Sell Your Home Twice

    A recent post on “The Home Story”, a site published by Fannie Mae, explained the difference between the price a seller may get for their home and the value an appraiser might assign the property. The Sales Price Of course, most sellers want to maximize the value they get for the house. However, the price Read More Read More »
  • Home Prices: Past, Present & Future

    Home Prices: Past, Present & Future

    CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months. Here are state maps for each category: Bottom Line: Homes across the country are appreciating at different rates. If Read More Read More »
  • Prices & Mortgage Rates Going Up in 2016

    Prices & Mortgage Rates Going Up in 2016

    The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to increase in 2016. HOME PRICES CoreLogic has projected a nationwide 5.2% home value appreciation for the next Read More Read More »
  • Distressed Property Sales Hit New Low

    Distressed Property Sales Hit New Low

    The National Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how far the Read More Read More »
  • How to Get the Most Money from the Sale of Your House

    How to Get the Most Money from the Sale of Your House

    Every homeowner wants to make sure they maximize the financial reward when selling their home. But, how do you guarantee that you receive maximum value for your house? Here are two keys to insuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counter intuitive. However, let’s look at Read More Read More »
  • Selling Your Home? The Importance of Using a Real Estate Professional

    Selling Your Home? The Importance of Using a Real Estate Professional

    When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold. In order to accomplish all three goals, a seller should realize the importance of using a Read More Read More »
  • Baby Boomers Finding Freedom In Retirement

    Baby Boomers Finding Freedom In Retirement

    Within the next five years, Baby Boomers are projected to have the largest household growth of any other generation during that same time period, according to the Joint Center for Housing Studies of Harvard. Let’s take a look at why… In a recent Merrill Lynch study, “Home in Retirement: More Freedom, New Choices” they surveyed nearly 6,000 adults ages Read More Read More »
  • Hispanics & Housing: Demand Over The Next Decade

    Hispanics & Housing: Demand Over The Next Decade

    The Mortgage Bankers’ Association (MBA) recently released a report: ‘Housing Demand: Demographics And The Numbers Behind The Coming Multi-Million Increase In Households’. In this study, the MBA “utilized a comprehensive analysis of data from 1976 to 2014, a period encompassing several market and housing cycles, to provide a projection of much stronger housing demand over the Read More Read More »
  • Why You Should Hire A Professional When Buying A Home!

    Why You Should Hire A Professional When Buying A Home!

    Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to go it on their own. In today’s market: you need an experienced professional! You Need an Expert Guide if you are Traveling a Dangerous Path The field of real Read More Read More »
  • 2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter

    2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter

    Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a recent Forbes article the Read More Read More »
  • Applying For A Mortgage: Why So Much Paperwork?

    Applying For A Mortgage: Why So Much Paperwork?

    We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told Read More Read More »
  • Do You Really Think Your Landlord Pays for Repairs?

    Do You Really Think Your Landlord Pays for Repairs?

    A recent article that appeared on Nasdaq.com addressed the issue of whether it is best to buy or rent in today’s real estate environment. The article was very fair in discussing both options. However, there was one portion of the article that we questioned. One of the experts was quoted as saying: “For some people, Read More Read More »
  • Home Equity: You May Have More Than You Think

    Home Equity: You May Have More Than You Think

    CoreLogic recently released their 2015 2nd Quarter Equity Report which revealed that 759,000 properties had regained equity in the last quarter. That means that 91% of allmortgaged properties (approximately 45.9 million) are now in a positive equity position. Anand Nallathambi, president and CEO of CoreLogic, reported: “For much of the country, the negative equity epidemic is lifting. The biggest reason for Read More Read More »
  • Sales Up In (Almost) Every Price Range!

    Sales Up In (Almost) Every Price Range!

    The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-7.7%). The decline in this price range points to the lower inventory of distressed properties Read More Read More »
  • #1 Reason to List Your House Today

    #1 Reason to List Your House Today

    If you are debating listing your house for sale this year or even early next year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale According to the National Association of REALTORS’ (NAR) Foot Traffic report, there are more buyers out in the market right Read More Read More »
  • Is it Time to Downsize your Home?

    Is it Time to Downsize your Home?

    A recent study by Edelman Berland revealed that of homeowners who are contemplating selling their house in the near future 33% plan to scale down. Let’s look at a few reasons why that would make sense to many Americans. In a recent blog post, Dave Ramsey, the financial guru, discussed the advantages of selling your Read More Read More »