Housing Will Not Fall Victim to Next Economic Storm

For Buyers, For Sellers, Housing Market Updates /

\"HousingSome experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market? Here are the opinions of several experts on the subject: Ivy Zelman in her […]

Housing Will Not Fall Victim to Next Economic Storm Read More »

First-Time Home Buyers Continue to Put Down Less Than 6%!

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Rent vs. Buy /

\"First-TimeAccording to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers […]

First-Time Home Buyers Continue to Put Down Less Than 6%! Read More »

House-Buying Power at Near-Historic Levels

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing /

\"House-BuyingWe keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” is at “near-historic levels.” Their […]

House-Buying Power at Near-Historic Levels Read More »

Rising Interest Rates Have Not Dampened Demand

First Time Home Buyers, For Buyers, Interest Rates, Millennials, Move-Up Buyers /

\"RisingSince the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), […]

Rising Interest Rates Have Not Dampened Demand Read More »

How Long Do Most Families Live in a House?

For Sellers, Housing Market Updates, Move-Up Buyers /

\"HowThe National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last twenty years (1985-2008), the median tenure […]

How Long Do Most Families Live in a House? Read More »

The #1 Reason to List Your House for Sale NOW!

For Sellers, Housing Market Updates, Move-Up Buyers /

\"TheIf you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: “Inventory coming onto the market during […]

The #1 Reason to List Your House for Sale NOW! Read More »

Sign up
Sign up