In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved [...]
Some Highlights:CoreLogic’s latest Home Price Index shows that prices rose by 7.1% across the United States year-over-year.With mortgage interest rates rising in the short term, CoreLogic believes price appreciation will slow to 4.7% by this time next year.49 out of 50 states, and the District of Columbia, all had positive appreciation over the last 12 [...]
It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:The University of Michigan Consumer Sentiment IndexNational Federation of Independent Businesses' Small Business Optimism IndexCNBC All-America Economic SurveyThe Conference Board Consumer Confidence SurveyIt usually means good news for the [...]
According to data from the U.S Census bureau, there are approximately 76.4 million baby boomers living in the United States today. Contrary to what many think, there are very different segments within this generation, and one piece that sets them apart are their housing needs.John McManus, editorial director of Hanley Wood’s Residential Group says his [...]
Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to do it on their own. In today’s market: you need an experienced professional!You Need an Expert Guide if You Are Traveling a Dangerous PathThe field of real estate is [...]
The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the winter as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?If your house hasn’t sold, [...]
Some Highlights:Realtor.com recently shared “5 Habits to Start Now If You Hope to Buy a Home in 2017.”Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it.Living within a budget now will help you save money for [...]
Last week, CNBC ran an article quoting self-made millionaire David Bach explaining that not purchasing a home is "the single biggest mistake millennials are making" because buying real estate is "an escalator to wealth.”Bach went on to explain:"If millennials don't buy a home, their chances of actually having any wealth in this country are little [...]
The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range.But surprisingly, the [...]
The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices.We are all familiar with the concept of supply and demand. As the demand for an item increases the supply of that same item goes down, driving prices up.Year-over-year inventory levels [...]