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‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC]

By |2020-05-15T13:37:11-07:00August 19th, 2016|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Millennials, Move-Up Buyers, Real Estate|

Some Highlights:‘Old Millennials’ are defined as 25-36 year olds according to the US Census Bureau.According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.More and more ‘Old Millennials’ are realizing that homeownership is within their reach now!Powered by WPeMatico[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

4 Stats That PROVE This Is NOT 2005 All over Again

By |2016-08-18T10:00:54-07:00August 18th, 2016|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

Recent research by realtor.com examined certain red flags that caused the housing crisis in 2005, and then compared them to today’s real estate market. Today, we want to concentrate on four of those red flags.Price to Rent RatioPrice to Income RatioMortgage TransactionsHouse FlippingAll four categories were outside historical norms in 2005. Home prices were way above [...]

Real Life vs. Reality TV: 5 Myths Explained

By |2016-08-17T10:00:50-07:00August 17th, 2016|Categories: First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Real Estate|

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV ‘show hole’*? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Flip or Flop,” “Property Brothers,” and so many more, just in one sitting.  When you’re in the [...]

Where Are Home Prices Headed Over the Next 5 Years?

By |2016-08-15T10:00:38-07:00August 15th, 2016|Categories: For Buyers, For Sellers, Pricing, Real Estate|

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then [...]

What States Give You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

By |2016-08-12T10:00:58-07:00August 12th, 2016|Categories: For Buyers, For Sellers, Housing Market Updates, Infographics, Real Estate|

Some Highlights:Thinking of moving across the country? How far will your money take you?The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $115.34 worth of [...]

Luxury Home Sales & the Impact of the Stock Market

By |2020-05-15T13:37:11-07:00August 11th, 2016|Categories: For Buyers, For Sellers, Move-Up Buyers, Real Estate|

In a recent post, CoreLogic looked at the correlation between stocks and the sales of upper-end properties ($1 Million+ sales price). The report revealed: “The powerful ‘wealth effects’ generated by the rapid rise in equities between 2009 and 2015 drove a large rise in the sales of homes that sold for $1 million or more.Historically, sales [...]

Real Estate Values Today Compared to Pre-2008 Peak

By |2016-08-10T10:00:23-07:00August 10th, 2016|Categories: For Buyers, For Sellers, Pricing, Real Estate|

This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis.Every quarter, Freddie Mac releases their House Price Index. The index usually provides monthly home values for:the nation as [...]

Home Sales Up in Every Price Range over $100K!

By |2016-08-09T10:00:25-07:00August 9th, 2016|Categories: For Sellers, Housing Market Updates, Pricing, Real Estate|

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.Homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory of homes available for sale in this price range but also speaks [...]

Thinking of Selling Your House? Pick the Right Agent!

By |2020-05-15T13:37:11-07:00August 4th, 2016|Categories: For Sellers, Real Estate|

Today, more and more sellers are stepping back, taking a look at the advice real estate professionals give them, and asking themselves whether they can trust that advice. And that is exactly what they should do.The most important question you can ask when you are choosing a real estate agent is whether you feel you [...]

New Home Sales Up 25.4% Last Month!

By |2016-08-03T10:00:20-07:00August 3rd, 2016|Categories: For Sellers, Housing Market Updates, New Construction, Real Estate|

According to the latest Census Bureau Report, sales of newly constructed homes soared to new heights in June to a seasonally adjusted rate of 592,000. This marks the highest annual rate in 8 years. Trulia’s Chief Economist, Ralph McLaughlin had this to say:“New home sales jumped sharply in June, and marked the best month since February [...]