What Would Make You Sell Your House?

By |2019-04-30T10:00:31-07:00April 30th, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Housing Market Updates, Millennials, Move-Up Buyers, Real Estate, Senior Market|

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). [...]

How Quickly Can You Save Your Down Payment?

By |2020-05-15T13:36:48-07:00April 29th, 2019|Categories: Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from HUD, Census and [...]

Existing Home Sales Slow to Start Spring [INFOGRAPHIC]

By |2019-04-26T10:00:30-07:00April 26th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers, Real Estate|

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 price [...]

Renters Paying Substantially More While Owning Costs Less

By |2019-04-25T10:00:35-07:00April 25th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate, Rent vs. Buy|

In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” Why the difference between the costs of renting [...]

New Study Reveals One Surprising Reason for the Inventory Shortage

By |2019-04-24T10:00:53-07:00April 24th, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Real Estate, Senior Market|

There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While [...]

With Inventory Low: Will Your Dream Home Need Some TLC?

By |2020-05-15T13:36:49-07:00April 23rd, 2019|Categories: Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Real Estate|

According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value! Realtor.com’s Chief [...]

Selling Your House: Here’s Why You Need A Pro In Your Corner!

By |2020-05-15T13:36:49-07:00April 22nd, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, FSBO's, Move-Up Buyers, Real Estate|

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize [...]

5 Reasons Why Millennials Buy a Home [INFOGRAPHIC]

By |2019-04-19T10:00:34-07:00April 19th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Infographics, Millennials, Move-Up Buyers, Real Estate|

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living [...]

Buyer Demand Surging as Spring Market Begins

By |2019-04-18T10:00:22-07:00April 18th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade. However, according to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers’ market [...]

Are Low Interest Rates Here to Stay?

By |2019-04-17T10:00:41-07:00April 17th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week! This is great news for anyone who is planning on buying a home this spring! Freddie [...]