According to a National Association of Realtors fourth-quarter 2019 survey, 63% of people believe now is a good time to buy a home, with 33% saying they strongly believe that is the case. Moreover, as to selling, 74% of those polled believe that now is a good time to sell. Lawrence Yun, NAR’s chief economist,…
The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report…
There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, however, just the price of a home that matters. Homes, in most cases, are purchased…
By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is…
According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, “The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials. Our…
Some Highlights: On January 10th of each year, “National Cut Your Energy Costs Day” encourages consumers to reduce their overall energy costs by improving home efficiency. According to Freddie Mac, a typical U.S. family spends $2,200 per year on energy bills. By making energy efficient upgrades, you could reduce your energy bills by up to…
Beginning a new year is always and exciting time for resolutions and planning. Planning is the best way to have an easy and successful mortgage transaction. With the Government controlling the mortgage industry making sure you paperwork is in order would be your first objective. There are several things you might not know that you need…
2020 is here! Another year has come and gone and life is traveling at a fast pace. Some of us don’t like it but the world around us has changed dramatically. Most difficult for me is realizing I am coming up on 25 years since I entered into the real estate industry…..It seems like yesterday!…
If you’re following what’s happening in the housing market right now, you know that many people believe the winter months aren’t a good time to sell a home. As realtor.com Senior Economist George Ratiu recently noted, “Sellers tend to be more reluctant to list during the colder time of year when the market typically makes…
Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views per listing…
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