Housing Market Updates | The Paradigm Realty Group

Is Your House “Priced to Sell Immediately”?

For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing / Ajeenah Crittendon

$\"Is$ In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year […]

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4 Reasons to Sell This Fall [INFOGRAPHIC]

For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers / Ajeenah Crittendon

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Some Highlights:

Buyers are active in the market and often competing with one another for available listings.
Housing inventory is still under the 6-month supply found in a normal housing market.
Homes are still selling relatively quickly, averaging 31 days on the market.

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One of the Top Reasons to Own a Home

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy / Ajeenah Crittendon

$\"One$ One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and […]

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Home Prices Increase in Every Price Range

For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing / Ajeenah Crittendon

$\"Home$ Price appreciation can differ depending on your price range. CoreLogic analyzed four individual home prices tiers and shares the increase in each one. CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also […]

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6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC]

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers / Ajeenah Crittendon

Some Highlights:

Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home.
Mortgage rates remaining near historic lows and houses selling in an average…

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What Is the Probability That Home Values Sink?

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / Ajeenah Crittendon

$\"What$ With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope home prices will drop over the next few years. However, the experts disagree with this perspective. Here is a table showing the […]

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Millennial Buying Power Poised to Boost Homeownership

Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers / Ajeenah Crittendon

$\"Millennial$ In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article continues to describe how millennials have more buying-power than the generations that preceded them, making […]

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Home Sales Expected to Continue Increasing In 2020

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

$\"Home$ Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020. Below is a chart depicting the projections of each entity for 2019, as well as for 2020.As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year. If you’re a homeowner who has considered […]

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Everybody Calm Down! This Is NOT 2008

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Selling Myths / Ajeenah Crittendon

$\"Everybody$ Last week realtor.com/ released the results of a survey that produced three major revelations: 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next. 57% believe the next recession will be as bad or worse than 2008. 55% said they would cancel plans to […]

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How Property Taxes Can Impact Your Mortgage Payment

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / Ajeenah Crittendon

$\"How$ When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area? When applying for a mortgage, you’ll see one of two acronyms in your paperwork – P&I or PITI […]

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