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Buying This Summer? Be Prepared for Bidding Wars

Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different! Buyers have already been out in force looking for their dream homes and more are on their way. The challenge is that the inventory of homes for sale has not kept up with demand, which has led to A LOT of competition [...]

By |2018-07-02T04:00:33+00:00July 2nd, 2018|First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers|Comments Off on Buying This Summer? Be Prepared for Bidding Wars

What’s the Median Home Value in Your State?

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located. In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-state basis using data from the National Association of Realtors. Demand often dictates value, even for houses in [...]

By |2018-06-27T04:00:29+00:00June 27th, 2018|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|Comments Off on What’s the Median Home Value in Your State?

4 Reasons to Sell This Summer [INFOGRAPHIC]

Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire.

By |2018-06-22T04:00:42+00:00June 22nd, 2018|For Sellers, Infographics, Move-Up Buyers|Comments Off on 4 Reasons to Sell This Summer [INFOGRAPHIC]

Homes are More Affordable in 44 out of 50 States

With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are in much better shape than most believe. In Black Knight’s latest monthly Mortgage Monitor, they revealed that in the vast majority of the country, it is actually more affordable to purchase a home today than [...]

By |2018-06-21T04:00:09+00:00June 21st, 2018|First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing|Comments Off on Homes are More Affordable in 44 out of 50 States

Top 5 Reasons You Shouldn’t FSBO

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. Exposure to Prospective Buyers According to the 2017 Profile of Home Buyers and Sellers from NAR, last year 95% of buyers search online for a home. That [...]

By |2018-06-19T04:00:55+00:00June 19th, 2018|For Sellers, FSBOs, Move-Up Buyers, Selling Myths|Comments Off on Top 5 Reasons You Shouldn’t FSBO

How A Lack of Inventory Impacts the Housing Market

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018. However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. Buyer demand naturally increases during the summer months, but supply is not keeping up. [...]

By |2018-06-18T04:00:04+00:00June 18th, 2018|For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on How A Lack of Inventory Impacts the Housing Market

Top 4 Home Renovations for Max ROI [INFOGRAPHIC]

Some Highlights: Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers. Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2nd and 4th renovations for returns [...]

By |2018-06-15T04:00:39+00:00June 15th, 2018|For Sellers, Infographics, Move-Up Buyers|Comments Off on Top 4 Home Renovations for Max ROI [INFOGRAPHIC]

Are Lending Standards Too Loose…or Too Tight?

With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study done at the University of North Carolina immediately after the crisis, it was revealed that: “Lenders began originating large numbers of high risk mortgages from around 2004 to 2007, and loans from those vintage years exhibited [...]

By |2018-06-14T04:00:17+00:00June 14th, 2018|First Time Home Buyers, For Buyers, Move-Up Buyers|Comments Off on Are Lending Standards Too Loose…or Too Tight?

Parents Say Kids’ Opinions Matter Big When Buying a Home

A recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.” When the results were broken down by the parent’s age, millennials (those 18-36) led the way with 74% of homeowners saying that their child’s opinion was a factor in choosing which home to buy. Eighty-three percent [...]

By |2018-06-13T04:00:28+00:00June 13th, 2018|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers|Comments Off on Parents Say Kids’ Opinions Matter Big When Buying a Home

When Is a Good Time to Rent? Not Now!

People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent. The Census Bureau recently released their 2018 first quarter median rent numbers. According to their report, here is a graph showing rent increases from 1988 until today:   As you can see, rents have steadily increased and are showing no signs of slowing down. If [...]

By |2018-06-12T04:00:31+00:00June 12th, 2018|First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy|Comments Off on When Is a Good Time to Rent? Not Now!