Housing Market Updates | The Paradigm Realty Group

Is the Real Estate Market Finally Getting Back to Normal?

For Buyers, For Sellers, Housing Market Updates / Ajeenah Crittendon

$\"Is$ The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey: After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From […]

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25% of Homes with a Mortgage are Now Equity Rich!

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

$\"25%$ Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s […]

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Home Prices: The Difference 5 Years Makes

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

$\"Home$ CoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared. The graph below was created to show the […]

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If You Are Thinking of Selling? You Must Act NOW!

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

$\"If$ If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and demand, so we understand that the […]

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Are Homebuyers Starting to Hit the ‘Pause’ Button?

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

$\"Are$ For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012. With this being said, three of the four major reports used to measure buyer activity have revealed that purchasing […]

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Home Prices Have Appreciated 6.9% in 2018

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

$\"Home$ Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in prices across the country and […]

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NAR Reports Show It’s A Great Time to Sell!

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

$\"NAR$ We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a great time to sell your house. […]

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What Does the Future Hold for Home Prices?

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

$\"What$ Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has happened in the past as well as what we know about […]

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Why are Existing Home Sales Down?

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

$\"Why$ The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is down, and wages are beginning […]

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Top 3 Myths About Today’s Real Estate Market

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

$\"Top$ There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a […]

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