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The #1 Misconception in the Homebuying Process

By |2020-02-20T11:00:19+00:00February 20th, 2020|

After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article:  “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned

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

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

3 Signs the Housing Market Is on the Rebound

By |2019-11-06T17:58:08+00:00October 3rd, 2019|

The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound. 1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth. 2. Pending Home Sales (contracts signed) are up with each of the

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

By |2019-11-06T18:05:54+00:00September 30th, 2019|

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

Are You Ready for the ‘Black Friday’ of Real Estate?

By |2019-11-06T18:07:29+00:00September 25th, 2019|

According to a new study from realtor.com, the week of September 22 is the best time of year to buy a home, making it ‘Black Friday’ for homebuyers. Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when

Is Your House “Priced to Sell Immediately”?

By |2019-09-23T10:00:39+00:00September 23rd, 2019|

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year

Home Prices Increase in Every Price Range

By |2019-09-17T10:00:50+00:00September 17th, 2019|

Price appreciation can differ depending on your price range. CoreLogic analyzed four individual home prices tiers and shares the increase in each one. CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also

Experts Predict a Strong Housing Market for the Rest of 2019

By |2019-08-26T10:00:40+00:00August 26th, 2019|

We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019. Here’s what some of the experts have to say: Ralph McLaughlin, Deputy Chief Economist for CoreLogic “We see the cooldown

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