Housing Market Updates

Homeownership Rate on the Rise to a 6-Year High

Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Millennials /

\"HomeownershipRegardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. See the graph below: This increase does not come as […]

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Strength of the Economy Is Surprising the Experts

For Buyers, For Sellers, Housing Market Updates /

\"StrengthWe’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than […]

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Where Have All the Houses Disappeared To?

For Buyers, For Sellers, Housing Market Updates, New Construction /

\"WhereIf you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the inventory of existing homes for sale is shrinking. According to the most recent Existing Home Sales Report […]

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The #1 Reason It Is Difficult to Find Your Dream Home

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction /

\"TheThe headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available for sale […]

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Housing Inventory Vanishing: What Is the Impact on You?

For Buyers, For Sellers, Housing Market Updates, Millennials /

\"HousingThe real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com/ released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report […]

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The 2020 Real Estate Projections That May Surprise You

For Buyers, For Sellers, Housing Market Updates, Pricing /

\"TheThis will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look at the combined projections from […]

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Expert Insights on the 2020 Housing Market

For Buyers, For Sellers, Housing Market Updates /

\"ExpertWhen closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.   Here’s what three experts are saying we’ll likely see in 2020: Danielle Hale, Chief Economist at realtor.com/ “I think the biggest […]

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2020 Forecast Shows Continued Home Price Appreciation

Housing Market Updates, Pricing /

\"2020Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year: Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in […]

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