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Mortgage Rates on FIRE! Home Prices Up in Smoke?

Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a detrimental impact on real estate prices as fewer buyers will be able to qualify for a loan. This seems logical; if there is less demand for housing then prices will [...]

By | 2018-02-22T05:00:10+00:00 February 22nd, 2018|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing|Comments Off on Mortgage Rates on FIRE! Home Prices Up in Smoke?

2 Ways to Get the Most Money from The Sale of Your Home

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive, 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 room for negotiation. In actuality, this just dramatically lessens [...]

By | 2018-02-20T05:00:40+00:00 February 20th, 2018|For Sellers, FSBOs, Move-Up Buyers, Pricing, Selling Myths|Comments Off on 2 Ways to Get the Most Money from The Sale of Your Home

Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Whether you are buying or selling a home it can be quite the adventure, 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 instant gratification and internet searches, 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 but have rather been strengthened by the projections of higher mortgage interest rates & home prices [...]

By | 2018-02-19T05:00:33+00:00 February 19th, 2018|First Time Home Buyers, For Buyers, For Sellers, FSBOs, Move-Up Buyers|Comments Off on Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Low Inventory Pushes Home Prices Higher

According to CoreLogic’s latest Home Price Index, 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 at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind the large appreciation, “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 lowest level in 17 years. Rising income and consumer confidence [...]

By | 2018-02-13T05:00:02+00:00 February 13th, 2018|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|Comments Off on Low Inventory Pushes Home Prices Higher

The #1 Reason to Sell Now Before Spring

The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to housing inventory at the beginning of 2017: Putting your home on the market now instead of waiting for increased competition in the spring might [...]

By | 2018-02-12T05:00:45+00:00 February 12th, 2018|For Sellers, Move-Up Buyers|Comments Off on The #1 Reason to Sell Now Before Spring

5 Reasons to Love Using A Real Estate Pro [INFOGRAPHIC]

Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with paperwork, understanding the process, negotiations, 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 estate professional is their understanding of your local market and how the conditions in your neighborhood [...]

By | 2018-02-09T05:00:57+00:00 February 9th, 2018|First Time Home Buyers, For Buyers, For Sellers, FSBOs, Infographics, Move-Up Buyers|Comments Off on 5 Reasons to Love Using A Real Estate Pro [INFOGRAPHIC]

Bidding Wars Abound… How Long Will They Continue?

Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have ensued, and the busy spring-buying season is just around the corner. CoreLogic recently conducted an analysis on national home prices at the time of sale for their January 2018 MarketPulse [...]

By | 2018-02-01T05:00:55+00:00 February 1st, 2018|For Buyers, For Sellers, Move-Up Buyers, Pricing|Comments Off on Bidding Wars Abound… How Long Will They Continue?

Study Shows “Millennials Deserve More Credit”

When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials jump from job to job, the majority of these stereotypes paint the generation in a negative light. A new study by Bank of America entitled Better Money Habits Millennial Report recently came to the defense of [...]

By | 2018-01-31T05:00:26+00:00 January 31st, 2018|First Time Home Buyers, For Buyers, For Sellers, Millennials, Move-Up Buyers|Comments Off on Study Shows “Millennials Deserve More Credit”

U.S. Housing Inventory Crunch Continues… List Your House Today!

Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW! At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year. Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is [...]

By | 2018-01-29T05:00:29+00:00 January 29th, 2018|For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on U.S. Housing Inventory Crunch Continues… List Your House Today!

If You’re Considering Selling, ACT NOW!!

Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, 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 homes were at their highest level in more than a decade. Starts of single-family homes were their strongest in a decade and applications to build such properties advanced to the fastest pace [...]

By | 2018-01-25T05:00:53+00:00 January 25th, 2018|For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on If You’re Considering Selling, ACT NOW!!