Housing Market Updates

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Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond. We’ve gathered current data from the industry’s most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 […]

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Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!

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The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, […]

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Is Real Estate the Best Investment? [INFOGRAPHIC]

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  Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years. Stock owners are more positive about real estate than stocks as an investment. Of the 4 listed, real estate is the only investment you can also live in! Call […]

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3 Things to Know in the Housing Market Today!

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A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.   The following three areas of the housing market are critical to understand: interest rates, building […]

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2 Myths Holding Back Home Buyers

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Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that,   “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to […]

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

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  Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020. CoreLogic predicts home prices to appreciate by 4.8% over the next […]

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Top Days to List Your Home for Sale [INFOGRAPHIC]

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    Some Highlights: ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale. The top five days to list your home brought in a 10% premium over market value and are […]

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A Tale of Two Markets [INFOGRAPHIC]

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    Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium home markets which is […]

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Existing Home Sales Slow to Start Spring [INFOGRAPHIC]

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  Some Highlights: Existing Home Sales slowed to an annual pace of 5.21 million home sales in March. Low inventory levels are still impacting home sales! The current month’s supply of homes for sale is 3.9-months. Median home prices were up 3.8% over last March at $259,400. This marked the 85th consecutive month with year-over-year […]

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