Housing Market Updates | The Paradigm Realty Group

Home Sales Expected to Continue Increasing in 2019

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

$\"\"$ Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase […]

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What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

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

$\"What$ Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in […]

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Housing Market: Another Gigantic Difference Between 2008 and 2018

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

$\"Housing$ Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there is a major difference between the two markets. Last […]

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Have You Outgrown Your Starter Home?

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

$\"Have$ For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that the first home you purchased (which […]

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Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]

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

Some Highlights:

According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year.
Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still r…

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Supply & Demand Will Determine Future Home Values

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

$\"Supply$ Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The amount of a commodity, product, or service […]

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Are Lending Standards Propping Up Home Prices?

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

$\"Are$ Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern…some households may be employing these […]

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Buying Is Now 26.3% Cheaper Than Renting in the US

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

$\"Buying$ The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first time that it was cheaper to rent […]

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The #1 Reason to Put Your House on The Market TODAY!

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

$\"The$ The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad […]

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4 Reasons Why We Are Not Heading Toward Another Housing Bubble

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

$\"4$ With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here are four key metrics that will explain why: Home Prices Mortgage […]

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