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

What is the Cost of Waiting Until Next Year to Buy?

We¬†recently¬†shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about¬†‚Äėshort-term price‚Äô¬†‚Äď where home values are headed over the … Continued

Before You Make an Offer, Here Are 4 Tips for Success!

So, you‚Äôve been searching for that perfect house to call a ‚Äėhome,‚Äô and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true! Freddie Mac¬†covered¬†‚Äú4 … Continued

The Cost of NOT Owning Your Home

Owning a home has great financial benefits, yet many continue to rent! Today, let‚Äôs look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow¬†recently¬†reported¬†that: ‚ÄúIn reality, buying or renting a home is an intensely personal decision, with … Continued

Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

There is little doubt that it is easier to get a home mortgage today than it was last year. The¬†Mortgage Credit Availability Index¬†(MCAI), published by the¬†Mortgage Bankers Association,¬†shows that mortgage credit has become more available in each of the last several years. In fact, in just the last year: More buyers are putting less than … Continued

Why Are So Few Homes for Sale?

There is no doubt that the largest challenge in today‚Äôs housing market is a lack of housing inventory for sale. This challenge has been¬†defined¬†as an¬†‚Äúoverwhelming lack of supply,‚Ä̬†and even a¬†‚Äústraight up inventory crisis.‚ÄĚ First American¬†just released the results of a¬†survey¬†which sheds light on the reasons for the current lack of supply. The survey asked title … Continued

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