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Why A Normal Market is Just What We Need

The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This ‘seller’s market’ has driven home prices to new heights. Home price appreciation averaged over 6% across the country. However, home price growth has recently started to cool down. The latest report from CoreLogic shows that home prices have only risen [...]

By |2019-02-20T05:00:40+00:00February 20th, 2019|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing, Rent vs. Buy|Comments Off on Why A Normal Market is Just What We Need

How To List Your Home for the Best Price

If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018. The map below shows the results of the latest index by state. Real estate is local. Each state appreciates at different levels. The majority of the country saw at least a 2.0% gain in home values, while some residents in North Dakota and [...]

By |2019-02-12T05:00:33+00:00February 12th, 2019|For Sellers, Housing Market Updates, Move-Up Buyers, Pricing|Comments Off on How To List Your Home for the Best Price

How to Get a Better Perspective on Affordability

Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past decade, the market was flooded with distressed properties (foreclosures and short sales) selling at 10-50% discounts. There were so many that this lowered the prices of non-distressed homes in the same neighborhoods. As a [...]

By |2019-02-07T05:00:11+00:00February 7th, 2019|Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|Comments Off on How to Get a Better Perspective on Affordability

Do You Know How Much Your Home Has Increased in Value?

Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed: “Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.” The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report. Since 2011 home values have increased significantly [...]

By |2019-01-31T05:00:46+00:00January 31st, 2019|For Buyers, For Sellers, Move-Up Buyers, Pricing|Comments Off on Do You Know How Much Your Home Has Increased in Value?

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!

By |2019-01-18T05:00:47+00:00January 18th, 2019|First Time Home Buyers, For Buyers, For Sellers, Infographics, Interest Rates, Millennials, Pricing|Comments Off on What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Last Chance! Homes are a Bargain Compared to Historic Norms

A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The reason we can still afford to consume is that our wages have also risen over time. The better measure of whether an item is more expensive than it was before is what percentage of our income [...]

By |2019-01-17T05:00:48+00:00January 17th, 2019|First Time Home Buyers, For Buyers, Pricing|Comments Off on Last Chance! Homes are a Bargain Compared to Historic Norms

Selling Your Home? Make Sure the Price is Right!

If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to [...]

By |2019-01-16T05:00:13+00:00January 16th, 2019|For Sellers, Move-Up Buyers, Pricing|Comments Off on Selling Your Home? Make Sure the Price is Right!

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!

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 |2019-01-07T05:00:38+00:00January 7th, 2019|For Sellers, Move-Up Buyers, Pricing|Comments Off on Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips!

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]

Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]

Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!

By |2018-11-30T05:00:55+00:00November 30th, 2018|First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers, Pricing|Comments Off on Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]