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Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate? In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last year This increase in housing …
Baby Boomers are Downsizing, Are You Ready to Move? For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame? Here’s what some of the experts have to say on the subject: Aaron Terrazas, Senior Economist at Zillow, …
2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. …
Are Home Prices Softening or Are They Falling? We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations …
Home Prices Have Appreciated 6.9% in 2018 Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. Every month, the economists at CoreLogic release the results of their Home Price Insights Report, which includes the actual year-over-year change in prices across the …
4 Reasons Why Fall Is A Great Time to Buy A Home! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will …
What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest …
5 Real Estate Reality TV Myths Explained Have you ever been flipping through the channels, only to find yourself glued to the couch in an reality HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. …
Are You Thinking of Selling Your Home? Competition Is Coming! Beat the competition and list your home now! The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential …
Buying Is Now 26.3% Cheaper Than Renting in the US The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first …
Selling Your Home? Here’s 2 Ways to Get the Best Price! Every homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house? Here are two ways to ensure that you get the highest price possible. 1. …
Rising Interest Rates Have Not Dampened Demand The demand is still higher than the supply! Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released …
It's Fun Food Friday! https://youtu.be/nB6z51CU7Ks It's Fun Food Friday! If your home has become a summer feeding frenzy and you need some new ideas to spice up your Friday night check this out! Sometimes by Friday the crazy pace of the week catches up with you and you go brain dead. Well we want to …
Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market …
We are gonna blow the HOUSES wide OPEN Sat, June 23rd and Sun, June 24th. We have 6 fabulous properties to showcase and would love to have you come by and check them out! Here is the line up so you can plan ahead! Just click the pictures below for property details and pictures. Have …
4 Steps to Follow When Presenting an Offer in Today’s Market! Make an offer so it can be accepted. So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a …
https://youtu.be/YJ4JAE6DN1s Everything is coming up Brittney! So many times those that deserve the most recognition work quietly behind the scenes. They complete the tasks that make life move smoothly along without a hitch. This is only one aspect of Brittney Black but something that many may not know. Brittney makes being an agent at BST …
How Current Interest Rates Can Have a High Impact on Your Purchasing Power According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your …
Don’t Wait to Sell Your House! Buyers Are Out Now Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand …
Home Inspections: What to Expect So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover …
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