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Sales at Highest Pace in 9 Years! [INFOGRAPHIC]
Some Highlights:Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million.Inventory remains below the 6-month norm and prices are still on the rise.Interest rates are at a historic low of 3.48%.Powered by WPeMatico
Gap Between Homeowner’s & Appraiser’s Opinions Narrows Slightly
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing [...]
5 Reasons to Sell This Summer
As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why:1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast [...]
Thinking You Should FSBO? Think Again [INFOGRAPHIC]
Some Highlights: According to NAR's Profile of Home Buyers & Sellers:88% of buyers look for their new home online.Using a real estate agent can net you $39,000 more than FSBO'ing.There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional can help ease the [...]
Hurry Up and List Your House TODAY!!
That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist at [...]
Do Homeowners Realize Their Equity Position Has Changed?
Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year.A study by Fannie Mae suggests that many homeowners are not aware of how their equity position has changed as [...]
74% of Households in the US Now Have Significant Equity!
CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 households regained equity in the first quarter of 2016 and are no longer under water.Price Appreciation = Good News [...]
Thinking of Selling? 5 Reasons You Shouldn’t FSBO
In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.Here are the [...]
Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC]
Some Highlights:According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.April marked the 54th consecutive month of year-over-year declines in foreclosure inventory.Only 3% of homes in the United States are in serious delinquency. More and more homeowners are escaping negative [...]