5 Ways Tax Reform Has Impacted the Housing Market

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. Now … Continued

Buyer Demand Still Outpacing the Supply of Homes for Sale

The price of any item is determined by the supply of that item, as well as market demand.¬†The¬†National Association of REALTORS¬†(NAR)¬†surveys¬†‚Äúover 50,000 real estate practitioners about their expectations for home sales, prices and market conditions‚Ä̬†for their monthly¬†REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic … 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

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

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

The Real Reason Home Prices Are Increasing

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient¬†(data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of¬†‚Äúirrational exuberance‚Ä̬†(this is also untrue as prices are not at peak … Continued

Where Are Home Prices Heading in The Next 5 Years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the¬†Home Price Expectation Survey. Every quarter,¬†Pulsenomics¬†surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They … Continued

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