Treece Team Blog2020-05-15T13:36:35-07:00

Treece Team Blog

Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]

By |October 7th, 2016|Categories: First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Real Estate|

Some Highlights:The interest rate you secure for your mortgage greatly influences your monthly housing costs.In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.Interest [...]

Why We Need More Newly Constructed Homes

By |October 6th, 2016|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate|

The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the [...]

Strong Buyer Demand Continues to Outpace Inventory of Homes for Sale

By |October 4th, 2016|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for [...]

Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC]

By |September 30th, 2016|Categories: For Buyers, For Sellers, Housing Market Updates, Real Estate|

Some Highlights:Existing home inventory is down 10.1% from last year.A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.Existing home prices increased 5.1% year-over-year, which is directly related [...]