Will Home Values Appreciate or Depreciate in 2020?

Posted Posted in Blog, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing

With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys […]

Buying a Home Right Now: Easy? No. Smart? Yes.

Posted Posted in Blog, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed: (more…) Powered by WPeMatico

The #1 Reason It Is Difficult to Find Your Dream Home

Posted Posted in Blog, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Uncategorized

The headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available for sale […]

Buyers Are Looking For Your Home [INFOGRAPHIC]

Posted Posted in Blog, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

Some Highlights: Existing Home Sales are currently at an annual pace of 5.46 million. The inventory of existing homes for sale remains below the 6 months needed for a normal market and is now at a 3.9-month supply. Inventory remains low due to high demand from buyers who are still looking for a house to […]

How to Determine If You Can Afford to Buy a Home

Posted Posted in Blog, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing

The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to […]

How Does the Supply of Homes for Sale Impact Buyer Demand?

Posted Posted in Blog, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing

The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise. The price of any item is determined by supply, as well as the market’s demand for the item. The National […]

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Posted Posted in Blog, Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers, Rent vs. Buy

Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020. CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months. […]