The Biggest Issue Facing Housing Next Year
This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation. But the biggest issue the housing market will face in 2020 is an inventory shortage. There arent enough homes on the market for…
Be on the Lookout for Gen Z: The Next Generation of Home Buyers
Youve likely heard a ton about Millennials, but what about Gen Z? In the next 5 years, this generation will be between the ages of 23 and 28, and theyre eager to become homeowners faster than you may think.According torealtor.com,Nearly…
December 2019: The Buyer Stakes Are High Because Inventory Is Low
The reality of what were seeing this month is that homes are selling fast. In todays strong sellers market, bidding wars are common and expected with starter or entry-level homes.In most areas of the country, first-time buyers have been met…
Thinking of Selling Your Home? The Waiting Is The Hardest Part.
Tom Petty famously penned the words,the waiting is the hardest partin his early 80s hit songThe Waiting,and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best…
How to Determine If You Can Afford to Buy a Home
The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today.It is true that home prices and wages are two key…
The Cost of NOT Owning Your Home
Owning a home has great financial benefits, yet many continue to rent! Today, lets 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…
Taking the Fear Out of the Mortgage Process
A considerable number of potential buyers shy away from the real estate market because theyre uncertain about the buying process particularly when it comes to qualifying for a mortgage.For many, the mortgage process can be scary, but it doesnt have…
The #1 Reason to List Your House in the Winter
Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they dont realize is if every homeowner believes the same thing, then thats when…
Forget the Price of the Home. The Cost is What Matters.
Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. Thats why firms are beginning to increase their projections for home price appreciation going forward. As an example,CoreLogicincreased their…
Care and Feeding of Brick Siding
Having brick siding installed on your house gives it a classic look. Unfortunately, a lot of people view brick as an install-it-and-forget-it option and allow that look to deteriorate over time. Brick homes require basic maintenance and care just like…