Housing Market Updates – Page 74

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

By Pam Treece|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 Pam Treece|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 [...]

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

By Pam Treece|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 [...]

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

By Pam Treece|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 [...]

New Home Sales Up 25.4% Last Month!

By Pam Treece|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 [...]

Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC]

By Pam Treece|2016-07-29T10:00:50-07:00July 29th, 2016|Categories: For Buyers, For Sellers, Housing Market Updates, Infographics, Real Estate|

Some Highlights:Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak [...]

The Top Reason to List Your House For Sale Now!

By Pam Treece|2020-05-15T13:37:11-07:00July 26th, 2016|Categories: For Sellers, Housing Market Updates, Real Estate|

If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For SaleThe National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage:“With demand holding firm and homes selling even faster than a year ago, [...]

Brexit 1 Month Later: The Impact on Mortgage Rates

By Pam Treece|2020-05-15T13:37:11-07:00July 25th, 2016|Categories: For Buyers, For Sellers, Housing Market Updates, Real Estate|

Just over a month ago, the United Kingdom decided to withdraw from the European Union in a decision commonly known as Brexit. At that time there was a lot of speculation on how that decision would impact the U.S. residential mortgage market. Today, we want to look at the impact of the first 30 days.Most [...]

Is Now the Right Time to Put Your House on the Market …or Not?

By Pam Treece|2020-05-15T13:37:12-07:00July 7th, 2016|Categories: For Sellers, Housing Market Updates, Real Estate|

Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as the year before:“With last month’s decline, the index reading is still the third highest in the past year, but [...]

4 Reasons to Buy This Summer!

By Pam Treece|2016-07-07T03:22:49-07:00July 7th, 2016|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Index reports that home prices have appreciated by [...]