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Wage Increases Make Home Buying More Affordable

Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are finally beginning to increase – and that dramatically affects home affordability. According to the National Association of Realtors’ (NAR) September 2018 Housing Affordability Index, wages have increased in every region [...]

By |2018-11-15T05:00:41+00:00November 15th, 2018|First Time Home Buyers, For Buyers, Move-Up Buyers|Comments Off on Wage Increases Make Home Buying More Affordable

Home Sellers in Q3 Netted $61K at Resale

According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% return on the original purchase prices. After the Great Recession, many homeowners were left in negative equity situations but home price appreciation in the recovery period since then has given homeowners something to smile about. The [...]

By |2018-11-14T05:00:35+00:00November 14th, 2018|For Sellers, Move-Up Buyers|Comments Off on Home Sellers in Q3 Netted $61K at Resale

Are Homeowners Renovating to Sell or to Stay?

Over the past few years, two trends have emerged in the housing market: Home renovations have shot up Inventory of homes available for sale on the market has dropped A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Report from the National Association of Realtors, we are currently at a 4.4-month supply. This low inventory environment has many current homeowners worried that they would be unable to find a home to buy [...]

By |2018-11-13T05:00:49+00:00November 13th, 2018|For Sellers, Move-Up Buyers, Selling Myths|Comments Off on Are Homeowners Renovating to Sell or to Stay?

VA Home Loans by the Numbers [INFOGRAPHIC]

Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 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 Washington, DC.

By |2018-11-09T05:00:50+00:00November 9th, 2018|First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers|Comments Off on VA Home Loans by the Numbers [INFOGRAPHIC]

5 Tips When Buying a Newly Constructed Home

The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering new construction: 1. Hire an Inspector Despite the fact that builders must comply with town and city regulations, a home inspector will have your best interests in mind! When buying [...]

By |2018-11-06T05:00:45+00:00November 6th, 2018|First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction|Comments Off on 5 Tips When Buying a Newly Constructed Home

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families. Here is a list of just some of the people with [...]

By |2018-10-29T04:00:43+00:00October 29th, 2018|For Sellers, FSBOs, Move-Up Buyers|Comments Off on Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

Will Home Prices Continue to Increase?

There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion. However, 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 [...]

By |2018-10-22T04:00:25+00:00October 22nd, 2018|Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing|Comments Off on Will Home Prices Continue to Increase?

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last year This increase in housing inventory has sparked two different reactions. Some are saying this is the first sign of a potential collapse while others are saying it is a welcomed reprieve from the lack of inventory that has stalled the market recently. As Zelman [...]

By |2018-10-18T04:00:21+00:00October 18th, 2018|First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers|Comments Off on Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

Pre-Approval: Your 1st Step in Buying a Home

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing if your dream [...]

By |2018-10-15T04:00:43+00:00October 15th, 2018|Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers|Comments Off on Pre-Approval: Your 1st Step in Buying a Home

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]

Some Highlights: Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction with ‘the heart [...]

By |2018-10-12T04:00:08+00:00October 12th, 2018|First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers|Comments Off on Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]