Housing Market Updates

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5 Reasons to Sell Your House This Summer

By |2019-06-19T19:53:53+00:00June 17th, 2019|

5 Reasons to Sell Your House This Summer Here are 5 compelling reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready,

Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC]

By |2019-06-14T10:00:33+00:00June 14th, 2019|

Some Highlights: If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI). Minor renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers. Whether you plan to stay in your house for

Time for Your Dream Home, Gen X!

By |2019-06-13T10:00:01+00:00June 13th, 2019|

During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth. According to Pew Research Center, “Their fortunes have rebounded more than those of other

3 Things to Know in the Housing Market Today!

By |2019-06-12T10:00:02+00:00June 12th, 2019|

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials,

Renting or Owning, What Is Better for You?

By |2019-06-11T10:00:59+00:00June 11th, 2019|

In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy

2 Myths Holding Back Home Buyers

By |2019-06-10T10:00:48+00:00June 10th, 2019|

Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save

The Ultimate Truth about Housing Affordability

By |2019-05-30T10:00:58+00:00May 30th, 2019|

There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National Association of Realtors (NAR), produces

Multigenerational Homes Are on the Rise

By |2019-05-29T10:00:04+00:00May 29th, 2019|

As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the U.S. is 78 years old!  As

2 Things You Need to Know to Properly Price Your Home

By |2019-05-28T10:00:23+00:00May 28th, 2019|

In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly. In the mind of the homeowner, annual home price

The Impact Staging Your Home Has On Your Sale Price [INFOGRAPHIC]

By |2019-05-24T10:00:02+00:00May 24th, 2019|

Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of