Keeping an eye on the National Real Estate scene is a great way to get the “big picture” view of where Real Estate market is headed.
The spring and summer months have always been known as a very popular time for homebuyers to start the search for their dream home. This year is no different! We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory [...]
Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing [...]
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up dramatically from the same period last year in almost all of the price ranges they measure! Only those homes priced under $100,000 showed a decline (-10.1%). The decline here isn't surprising considering that most home under 100k are distressed properties and we've been watching [...]
After the housing market bust we experienced across the country in 2008, many experts have been quick to warn that a new bubble may be forming in some areas of the country. The quickest and easiest way to show how far we’ve come and how far we still need to go in regards to the [...]
The Federal Reserve Bank of New York recently released the 2015 SCE Housing Survey. The survey revealed that most current renters would prefer owning and that 61.9% of them plan to buy a home within the next five years. 68.3% stated they would prefer owning (with 45.6% saying they ‘strongly’ prefer owning). When asked at [...]
One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year. Over the last two months, rates have begun to creep up (see chart). Though we don’t like to project rates moving forward, we do want you and your family to have the information [...]
There are many benefits to homeownership, one of top ones, is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. The National Association of Realtors (NAR) just released their findings of a study in which they studied “income growth, housing costs and changes in [...]
The holiday season is behind us, time to focus on what exciting new experiences 2015 can bring! If you are planning on becoming a homeowner, or moving up to the home of your dreams in 2015, here are four great reasons to consider buying a home now, instead of waiting until spring. 1. Prices Will [...]
Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season. Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases [...]
According to the National Association of Realtors’ (NAR) in their latest Existing Home Sales Report, on average, across the US, 13,808 houses sell EVERY day! 13,808! Today, tomorrow....the next day.... NAR reported that sales are at an annual rate of 5.04 million. Divide that number by 365 (days in a year) and we can [...]
