New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]
Some Highlights:
- Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.
- The median home price decreased slightly from September’s high of $314,100 to $304,500 in October.
- The West saw the largest month over month jump in sales at 28.7%.
5 Reasons Why Homeownership Is a Good Financial Investment
According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home instead of signing another lease extension. But, does that make sense from a financial perspective?
Is Getting a Home Mortgage Still Too Difficult?
There is no doubt that mortgage credit availability is expanding, meaning it is easier to finance a home today than it was last year. However, the mortgage market is still much tighter than it was prior to the housing boom and bust experienced between 2003 – 2006.
Mortgage Interest Rates Just Went Up… Should I Wait to Buy?
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters.
5 Reasons to Hire a Real Estate Professional When Buying & Selling!
Whether you are buying or selling a home, it can be quite an adventurous journey; you need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.
Existing Home Sales Surge Forward Through Fall [INFOGRAPHIC]
Some Highlights:The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.First-time homebuyers made up 33% of all sales in October.Homes are selling quickly with 43% of homes on the market for less than a mon…
Read MoreThank You for Your Support!
Have a Great Holiday!
Read MoreThinking of Selling? Don’t Overlook an Outdated Kitchen, Buyers Won’t
If you are planning on listing your home for sale, make sure that you don’t overlook the condition of your kitchen. A recent Why Are Mortgage Interest Rates Increasing?
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% last week. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly.
Winter Is Coming… 5 Reasons to Sell Now!
People across the country are beginning to think about what their life will look like next year. It happens every fall; we ponder whether we should relocate to a different part of the country to find better year-round weather, or perhaps move across the state for better job opportunities.
Homes Across the Country Are Selling Fast! [INFOGRAPHIC]
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 are asked about their expectations for home sales, prices and market conditions.
- Homes sold in 60 days or less in 42 out of 50 states, and Washington D.C.
- Homes sold in 30 days or less in 17 states.
From Empty Nest to Full House… Multigenerational Families Are Back!
Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents.