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There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference.
Percentage of Homeownership by Decade and by State Read More »
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008.
Sales of Distressed Properties Hit New Low Read More »
Some Highlights:Distressed property sales fell to its lowest number since NAR began tracking it in 2008.As you can see, with less distressed properties, sales are up in all price ranges except the $0 – $100K price range.Interest rates are still at hist…
7 Graphs That Show the Real Estate Market is Back! [INFOGRAPHIC] Read More »
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.
The ‘Great News’ About Rising Prices Read More »
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.
Appraisers and Homeowners Don’t See Eye-To-Eye on Values Read More »
So you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and they have asked you what level of access you want to provide to potential buyers.
The Role Access Plays in Getting Your House SOLD! Read More »
CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.
The Past, Present & Future of Home Prices Read More »
Some Highlights:The interest rate you secure for your mortgage greatly influences your monthly housing costs.In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.Interest rate…
Mortgage Rates by Decade Compared to Today [INFOGRAPHIC] Read More »
The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the percentages:
Why We Need More Newly Constructed Homes Read More »
There is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis.
Mortgage Standards Easing TOO MUCH? NO!! Read More »
Home Prices Up 5.61% Across The Country! [INFOGRAPHIC] Read More »
There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today:
New Construction Numbers: Now Versus 2005 Read More »
