For Buyers

58% of Homeowners See a Drop in Home Values Coming

For Buyers, Housing Market Updates, Move-Up Buyers / By

58% of Homeowners See a Drop in Home Values Coming | Simplifying The MarketAccording to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very […]

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Homeowner’s Net Worth Is Still Greater Than a Renter’s

First Time Home Buyers, For Buyers, Move-Up Buyers / By

Homeowner’s Net Worth Is Still Greater Than a Renter’s | Simplifying The MarketEvery three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will […]

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What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

For Buyers, For Sellers, Infographics / By

What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Thinking of moving across the country? How far will your money take you?
  • The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.
  • The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $116.01 worth of goods for $100.

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How Long Do Most Families Stay in Their Home?

For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / By

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median […]

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Millennial Homeownership Rate Increases

First Time Home Buyers, For Buyers, Housing Market Updates / By

Millennial Homeownership Rate Increases | Simplifying The MarketRecent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to […]

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Be Careful Not to Get Caught in The Rental Trap!

First Time Home Buyers, For Buyers / By

Be Careful Not to Get Caught in The Rental Trap! | Simplifying The MarketThere are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a roof over your […]

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Buyer Demand Continues Outpacing the Supply of Homes for Sale

For Buyers, For Sellers / By

Buyer Demand Continues Outpacing the Supply of Homes for Sale | Simplifying The MarketThe price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) […]

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Americans Still Believe Real Estate is Best Long-Term Investment

First Time Home Buyers, For Buyers, Move-Up Buyers / By

Americans Still Believe Real Estate is Best Long-Term Investment | Simplifying The MarketAccording to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “What is the best way to invest money you wouldn’t need for 10 years or […]

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Singles Are Falling for Their Dream Home First [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics / By

Singles Are Falling for Their Dream Home First [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
  • The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
  • The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).

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