Housing Market Updates

What If I Wait A Year to Buy a Home?

First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers /

\"WhatNational home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over […]

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2008 vs. Now: Are Owners Using Their Homes as ATMs Again?

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

\"2008Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are […]

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Homeowners Aged 65+ Have 48x More Net Worth Than Renters

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

\"HomeownersEvery three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of […]

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Further Proof It’s NOT 2008 All Over Again

For Buyers, For Sellers, Housing Market Updates /

\"FurtherHome sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced […]

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Females Are Making It a Priority to Invest in Real Estate!

First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Move-Up Buyers /

\"FemalesEveryone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In […]

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Why Has Housing Supply Increased as Sales Have Slowed Down?

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

\"WhyAccording to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over three years leading up to this […]

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