Are Home Values Really Overinflated?

Last week, the¬†National Association of Realtors¬†(NAR) released their most recent¬†Existing Home Sales Report.¬†According to the report: ‚ÄúThe median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300).¬†January‚Äôs price increase marks the 71st straight month of year-over-year gains.‚ÄĚ Seventy-one consecutive months of price increases may have some concerned … Continued

Homeownership Is Part Of The American Dream

According to the latest¬†Aspiring Home Buyers Profile¬†by the¬†National Association of Realtors¬†(NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of millennials believe that their rent will increase, with 20% believing … Continued

2 Ways To Get The Most Money When Selling Your Home

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the most money when selling your home? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW¬† This may seem counterintuitive, but let‚Äôs … Continued

Calm Down! The Real Estate Market is NOT Falling Apart

There has been tremendous volatility in certain markets over the last few weeks¬†(for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‚ÄėArmageddon‚Äô scenario where everything loses value quickly and dramatically. Real estate is an investment that can get caught up in … Continued

Whether You Rent or Buy, Either Way You’re Paying a Mortgage!

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage ‚Ästeither yours or your landlord‚Äôs. As¬†Entrepreneur Magazine,¬†a premier source for small business,¬†explained¬†in their article,¬†‚Äú12 Practical Steps to … Continued

Bidding Wars Abound… How Long Will They Continue?

Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the¬†supply of homes for sale¬†in the starter and trade-up home markets is so low that bidding wars have ensued, and … Continued

Study Shows ‚ÄúMillennials Deserve More Credit‚ÄĚ

When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it‚Äôs the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials jump from job to job, the … Continued

Buying A Home Is More Affordable Than Renting In 54% Of US Counties

According to¬†ATTOM Data Solutions‚Äô¬†2018 Rental Affordability Report, ‚Äúbuying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.‚ÄĚ For the report,¬†ATTOM Data Solutions¬†compared recently released fair market rent data from the¬†Department of Housing and Urban Development¬†with reported income amounts from the¬†Department … Continued

What Impact Will the New Tax Code Have on Home Values?

Every month,¬†CoreLogic¬†releases its¬†Home Price Insights¬†Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map,¬†broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report. As we can see,¬†CoreLogic¬†projects an increase … Continued

Housing Prices are NOT Heading for Another Crash

As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently¬†explained¬†that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices? Are prices appreciating at … Continued