Millennial Buying Power Poised to Boost Homeownership
In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes,“The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”.The article continues to…
62% of Buyers Are Wrong About Down Payment Needs
According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market:“More than 6 in 10 (62%) Americans believe you must put at least…
Think Prices Have Skyrocketed? Look at Rents.
Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light…
Homes Are Selling Quickly
Some Highlights:The National Association of REALTORS® surveyed their members for the release of their Confidence Index.The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners…
3 Reasons This is NOT the 2008 Real Estate Market
No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who…
What Experts are Saying About the Current Housing Market
We’re almost through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the housing market...Here’s what some have to say:Danielle Hale, Chief Economist at…
How Does the Supply of Homes for Sale Impact Buyer Demand?
The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions”…
Depending on the Price, You’re Going to Need Advice
To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think.In real estate today, there are essentially three different price points in the market:…
5 Tips for Starting Your Home Search
In today’s market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. Here are five tips from realtor.com’s article, “How to Find Your Dream…
Want to Keep up with the Joneses? Now’s the Time
Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings?Are you wondering what it would take to start living your dream life?Market conditions around the country have…