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Is the Recent Dip in Interest Rates Here to Stay?

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers. He states, “Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage [...]

By |2019-01-09T05:00:39+00:00January 9th, 2019|First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates|Comments Off on Is the Recent Dip in Interest Rates Here to Stay?

Belief in Homeownership as an Investment is Far from Dead

Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey by the Federal Reserve Bank’s Center for Microeconomic Data revealed that: “The majority of households continue to view housing as a good financial investment.” And that percentage has increased over the last three years. Bottom Line [...]

By |2019-01-03T05:00:14+00:00January 3rd, 2019|First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers|Comments Off on Belief in Homeownership as an Investment is Far from Dead

Where is the Housing Market Headed in 2019? [INFOGRAPHIC]

Some Highlights: ­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes! Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic. All four major reporting agencies believe that home sales will outpace 2018!

By |2018-12-28T05:00:42+00:00December 28th, 2018|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers, Pricing|Comments Off on Where is the Housing Market Headed in 2019? [INFOGRAPHIC]

24 Hours that Suddenly Improved the Market

This year started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales had decreased for several months in a row. To many, the outlook heading into 2019 appeared dim… at best. Then, in a 24-hour window last week, things seemed to change. On Wednesday, the National Association of Realtors’ (NAR) revealed in their Existing Homes Sales Report that home sales had INCREASED for the second [...]

By |2018-12-27T05:00:11+00:00December 27th, 2018|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates|Comments Off on 24 Hours that Suddenly Improved the Market

Buyers Are Looking for Your Home, Now [INFOGRAPHIC]

Some Highlights: Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months. The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month supply. Inventory remains low due to high demand from buyers who are still looking for houses to buy!

By |2018-12-21T05:00:34+00:00December 21st, 2018|For Buyers, For Sellers, Housing Market Updates, Infographics|Comments Off on Buyers Are Looking for Your Home, Now [INFOGRAPHIC]

4 Quick Reasons NOT to Fear a Housing Crash

There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago. Here are four reasons why today’s market is much different: 1. There are fewer foreclosures now than there were in 2006 A major challenge in 2006 was the number of foreclosures. There will always be foreclosures, but they spiked by over 100% prior to the crash. Foreclosures sold at [...]

By |2018-12-20T05:00:15+00:00December 20th, 2018|For Buyers, For Sellers, Housing Market Updates|Comments Off on 4 Quick Reasons NOT to Fear a Housing Crash

Homeownership Remains a Huge Part of the American Dream

As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices. This has been great news for sellers as many of them have been able to capitalize on the demand in the market and sell their homes quickly and at a great profit. One of the big reasons why inventory has remained [...]

By |2018-12-19T05:00:42+00:00December 19th, 2018|First Time Home Buyers, For Buyers, Housing Market Updates, Millennials|Comments Off on Homeownership Remains a Huge Part of the American Dream

No Bubble Here! How New Mortgage Standards Are Helping

Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in 2008. As it becomes easier for buyers to obtain mortgages, many are suggesting that this is definite proof that banks are repeating the same mistakes they made a decade ago. Today, we want to assure everyone [...]

By |2018-12-13T05:00:07+00:00December 13th, 2018|Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates|Comments Off on No Bubble Here! How New Mortgage Standards Are Helping

What If I Wait A Year to Buy a Home?

National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price but instead about the ‘long-term cost’ of the home. The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage [...]

By |2018-12-10T05:00:13+00:00December 10th, 2018|First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers|Comments Off on What If I Wait A Year to Buy a Home?

The Tale of Two Markets [INFOGRAPHIC]

Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium home markets which is causing prices to cool. Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for 80 consecutive months.

By |2018-12-07T05:00:26+00:00December 7th, 2018|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers|Comments Off on The Tale of Two Markets [INFOGRAPHIC]