ARCHIVED BLOG POSTS
2017
The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy or sell a home, the perception of home price changes, perceived ability to quali...
06/29/2017
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We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buye...
06/28/2017
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In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.”Myth #1: “I Need a 20% Down Payment”Buyers overestimate the down payment funds ne...
06/27/2017
We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Res...
06/22/2017
The Supply & Demand Problem Plaguing New Construction | Keeping Current Matters Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buy...
06/21/2017
CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation.Price Appreciation = Good News for HomeownersFrank Nothaft, CoreL...
06/20/2017
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.The updated numbers actually show that the range is an average of 3.5% less expensive i...
06/19/2017
As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that:“National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.”Though that statement is correct, we...
06/15/2017
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In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual th...
06/14/2017
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Jennifer Carstensen -The Real Estate Agency
We specialize in selling houses (License: 317824)