Housing Market Updates

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Housing Inventory Vanishing: What Is the Impact on You?

By |2020-01-16T23:21:37+00:00January 16th, 2020|

The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report

Homes Are More Affordable Today, Not Less Affordable

By |2020-01-16T23:28:07+00:00January 15th, 2020|

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, however, just the price of a home that matters. Homes, in most cases, are purchased

Expert Insights on the 2020 Housing Market

By |2019-12-31T23:43:32+00:00December 31st, 2019|

When closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.   Here’s what three experts are saying we’ll likely see in 2020: Danielle Hale, Chief Economist at realtor.com “I think the biggest

The Biggest Issue Facing Housing Next Year

By |2019-12-31T22:07:07+00:00December 18th, 2019|

This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation.  But the biggest issue the housing market will face in 2020 is an inventory shortage.  There aren’t enough homes on the market for buyers, especially on the lower end of the market. This is a topic that has

Holiday Gifts Are Not the Only Hot Things Right Now

By |2019-12-18T22:34:00+00:00December 12th, 2019|

Black Friday is behind us and holiday gifts are flying off the shelves in stores and online. Unlike last year, however, there’s another type of buyer that is very active this winter – the homebuyer. Each month, ShowingTime releases their Showing Index, which tracks the average number of appointments received on active U.S. house listings.

The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

By |2019-11-15T19:58:04+00:00November 15th, 2019|

  Some Highlights: Historically, the choice between renting and buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear. Every market is different. Before you renew your lease, find

This is Not 2008 All Over Again: The Mortgage Lending Factor

By |2019-11-15T19:47:27+00:00November 14th, 2019|

Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down payment loans and down payment assistance programs are causing concern that we’re returning

3 Reasons to Use a Real Estate Pro in a Complex Digital World

By |2019-11-06T17:41:50+00:00October 16th, 2019|

If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to start the home-buying process, and the truth on why it should never be

Be on the Lookout for Gen Z: The Next Generation of Homebuyers

By |2019-11-06T17:42:21+00:00October 15th, 2019|

Gen Zers are the next generation of homeowners, and they’re eager to jump in and buy their first homes. Whether you are part of this generation or any other, it’s never too early to start saving, so you can reach your homeownership goal sooner rather than later. You’ve likely heard a ton about Millennials, but