Category: US Real Estate

‘Powerful Recovery’ as Sales Jump 11.8% in February

 WASHINGTON (March 22, 2019) – Existing-home sales rebounded strongly in February, experiencing the largest month-over-month gain since December 2015, according to the National Association of Realtors®. Three of the four major U.S. regions saw sales gains, while the Northeast remained unchanged from last month. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums …

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A Matter of Supply & Demand

House Prices: Simply a Matter of Supply & Demand Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount …

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99% of Experts Agree: Home Prices Will Increase

99% of Experts Agree: Home Prices Will Increase Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyedhousing experts believe that home values will continue to rise this year. What is the Home …

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Longer on the Market = Lower Price

Prices may be on the rise, but about 63% of homes sold at a discount compared to the list price in May, according to the 2015 REALTORS® Confidence Index Survey. The discount averaged in the 1% to 11% range. The longer a property lingers on the market, the more likely the home will end up selling at …

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Buy vs Rent: What really builds family wealth?

​ There has been recent press regarding whether or not it makes better financial sense to rent rather than buy in today’s housing market. As an example, the recently released June Summary of the BH&J Buy vs. Rent Index reported: “…as of the end of the first quarter of 2015, the housing market in the …

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Does owning your home make financial sense?

Everyone knows the social advantages of home ownership. However, some question the financial benefits of owning a home. Three recent studies shed some light on the issue. RealtyTrac recently released a report comparing home price appreciation to wage growth over the last two years. The study revealed that home price appreciation has outpaced wage growth …

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Renters Burdened More Than Home Owners

Housing cost burdens fell for the third consecutive year*. Last year, 39.6 million households spent more than 30% of their income on housing, which is a decrease from 40.9 million in 2012 and down from the peak of 42.7 million in 2010. However, while housing cost burdens are dropping among home owners, they continue to …

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Ten Reasons to Buy Your Home

Still wondering if it’s wise to buy your own home?  Quality of life – a home provides stability and security for you and your loved ones, and membership within a community of neighbors. Pride of home ownership – a home is a personal haven, a place that you can decorate, shape, and share over time …

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Buying a home not for the timid

He who hesitates is lost. Q:   What’s worse than seeing a great property online, only to have it sell before you are able to view it in person? A:   Seeing a home you like go into contract after you view it, but before you make your own offer. When the market is hot, often Buyers …

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From the guru who predicted the housing collapse… new words: Housing Recovery Here

And who might that guru be?  Bill McBride from Calculated Risk. Some are predicting another ‘shadow inventory’ coming to market this Fall-Winter that will cause a foreclosure supply shock that will in turn push prices downward once again. McBride doesn’t agree: “The bottom line is house prices have probably bottomed, and the concern about more distressed …

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