Housing Market Updates

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Seniors Are on the Move in the Real Estate Market

By |2019-08-21T10:00:14+00:00August 21st, 2019|

Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because,  “Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a special day in honor of the

Housing Supply Not Keeping Up with Population Increase

By |2019-08-20T10:00:56+00:00August 20th, 2019|

Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up. The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in

A Great Way to Increase Your Family’s Net Worth

By |2019-08-19T10:00:09+00:00August 19th, 2019|

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased

Busting the Myth About a Housing Affordability Crisis

By |2019-08-15T10:00:33+00:00August 15th, 2019|

It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of a home that matters, but the price relative to a

The Benefits of Growing Equity in Your Home

By |2019-08-14T10:00:51+00:00August 14th, 2019|

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break down three ways this is a win for

American Confidence in Housing at an All-Time High

By |2019-08-12T10:00:08+00:00August 12th, 2019|

Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions. Great News!

Why All the Chicken Littles Should Calm Down

By |2019-08-08T10:00:25+00:00August 8th, 2019|

The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership. The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2%

Appreciation Is Strong: It Might Be Time to Sell

By |2019-08-07T10:00:43+00:00August 7th, 2019|

There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment. Home values have been appreciating for several years now, growing at a strong, steady, and impressive

Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC]

By |2019-08-02T10:00:50+00:00August 2nd, 2019|

Some Highlights: Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June. Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than the optimal 6-month supply. Median home prices were up 4.3%

How to Judge the Impact of the Next Economic Slowdown on Housing

By |2019-08-01T10:00:35+00:00August 1st, 2019|

We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur? Pulsenomics just released a special report revealing that nearly 6 out of 10 of the 90 economists, investment strategists, and market