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

Mortgage Interest Rates On Fire !

Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a … 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

Where Are Mortgage Interest Rates Headed in 2018?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using¬†Freddie Mac‚Äôs U.S. Economic … 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

U.S. Housing Inventory Crunch Continues… List Your House Today!

Every¬†winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates¬†hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW! At the same time, however, … 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

Rents Are on the Rise: Don’t Get Caught in the Rental Trap!

There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don‚Äôt Become Trapped¬† A recent¬†article¬†by¬†Apartment List¬†addressed rising rents by stating: ‚ÄúRents are up 2.7% year-over-year at the national level.¬†Year-over-year growth continues to fall between the 2.1% … Continued