Pricing

What Impact Will the New Tax Code Have on Home Values?

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

\"\"Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report. As we […]

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Housing Prices are NOT Heading for Another Crash

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

\"\"As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices? Are prices […]

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What is the Cost of Waiting Until Next Year to Buy?

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

\"WhatWe recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, 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 […]

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Home Prices Up 7% from Last Year

Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing /

\"HomeAccording to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. A lack of supply of homes for sale has led to upward pressure on home prices across the country, especially in areas […]

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The Real Reason Home Prices are Increasing

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

\"TheThere 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 […]

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A Housing Bubble? Industry Experts Say NO!

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

\"AWith residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008. Recently, five housing experts weighed in on the question. Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.” “We […]

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Multigenerational Households May Be the Answer to Price Increases

For Buyers, For Sellers, Move-Up Buyers, Pricing /

\"MultigenerationalMultigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com/, “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations, or […]

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Low Inventory Causes Home Prices to Maintain Fast Growth

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

\"LowThe National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. Lawrence Yun, Chief Economist at […]

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