Are Home Prices Softening or Are They Falling?

By |2018-09-27T10:00:37-07:00September 27th, 2018|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Real Estate|

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values. Many of these [...]

The Cost of NOT Paying PMI

By |2020-05-15T13:36:53-07:00September 26th, 2018|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds months, and sometimes even [...]

Where Are Mortgage Interest Rates Headed In 2019?

By |2018-09-25T10:00:55-07:00September 25th, 2018|Categories: First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Real Estate|

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic [...]

How Much Has Your Home Increased in Value?

By |2018-09-24T10:00:04-07:00September 24th, 2018|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Real Estate|

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price. The [...]

Is the Real Estate Market Finally Getting Back to Normal?

By |2018-09-20T10:00:16-07:00September 20th, 2018|Categories: For Buyers, For Sellers, Housing Market Updates, Real Estate|

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 [...]

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

By |2020-05-15T13:36:53-07:00September 19th, 2018|Categories: For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

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 [...]

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

By |2018-09-17T10:00:20-07:00September 17th, 2018|Categories: For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

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 [...]

Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]

By |2018-09-14T10:00:10-07:00September 14th, 2018|Categories: First Time Home Buyers, For Buyers, Generation X, Infographics, Millennials, Real Estate|

Some Highlights: According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding. Many young couples are saving for a wedding and a home at the same time. The average US wedding now costs 66% of a median home down payment, [...]

Are Homebuyers Starting to Hit the ‘Pause’ Button?

By |2018-09-13T10:00:22-07:00September 13th, 2018|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

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 [...]

Home Prices Have Appreciated 6.9% in 2018

By |2018-09-12T10:00:03-07:00September 12th, 2018|Categories: For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Real Estate|

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 [...]