Pricing

Homes are More Affordable in 44 out of 50 States

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing /

\"HomesWith both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are in much better shape than […]

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Will Home Prices Fall as Mortgage Rates Rise?

First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Pricing /

\"WillMortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry […]

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What If I Wait Until Next Year to Buy a Home?

First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Pricing /

\"WhatWe recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, […]

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4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

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

\"4With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why: Home Prices Mortgage Standards Mortgage Debt […]

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This Just In: Data Says May is the Best Month to Sell Your Home

For Sellers, Move-Up Buyers, Pricing /

\"\"According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved […]

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Why Home Prices Are Increasing

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing /

\"WhyThere are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak […]

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“Short of a war or stock market crash…”

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing /

\"“ShortThis month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase in home prices increases payments by roughly 5% A 1% rise in interest rates increases payments by roughly 13% or 14% […]

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