There are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market.Why the concern?Some are looking at the last three years of home sales and comparing them to the three years just prior to the housing bubble. Looking at the graph below, we can understand that thinking.However, … [Read more...]
5 Reasons to Sell This Fall
School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.Here are five reasons why you should consider selling your house this fall: 1. Demand Is StrongThe latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains … [Read more...]
14,767 Homes Sold Yesterday… Did Yours?
There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.After all, 14,767 houses sold yesterday, 14,767 will sell today and 14,767 will sell tomorrow.14,767!That is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ … [Read more...]
Want to Get an A? Hire A Real Estate Pro [INFOGRAPHIC]
Some Highlights:Hiring a Real Estate Professional to buy your dream home, or sell your current house, is one of the most 'educated' decisions you can make!A Real Estate Professional has the experience needed to help you through the entire process.Make sure that you hire someone who knows current market conditions & can simply & effectively explain them to you & your family! … [Read more...]
The Housing Market is Doing Just Fine
There are some that think that housing affordability is a challenge. Historically, that’s not true. Others think that home prices are approaching bubble values. If we look back over the last sixteen years, that is also not the case. As a matter of fact, the numbers show that the U.S. residential real estate market is doing just fine.Here are two articles and excerpts that make this point:The Housing Market Is Finally Starting to Look Healthy – The NY Times“It has been an excruciatingly long time … [Read more...]
Home Values: DEFINITELY NOT in Bubble Range!!
There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today.The graph definitely looks like a rollercoaster ride. And, as prices begin to reach 2006 levels again, it “seems logical” that the next part of the ride would be downhill. However, this graph includes the anomaly of the price bubble and the … [Read more...]
Win a YETI and LSU Football Tickets!
Please take a moment to leave us a review... or 2 or 3. Your efforts won't go unrewarded! For every review you leave (or have left in the past), you'll earn one entry into our tailgate giveaway! You'll also earn one entry for every past referral you've sent our way! We will be drawing two winners live on Facebook. *CLICK ONE OR MORE OF THE BELOW LINKS TO LEAVE YOUR REVIEW* ZILLOW REALTOR.COM GOOGLE … [Read more...]
Why Is There So Much Paperwork to Sign to Get a Mortgage?
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.There are two very good reasons that the loan process is much more … [Read more...]
Don’t Get Caught in the Rental Trap!
There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.Don’t Become TrappedJonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that,“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”In the … [Read more...]
How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC]
Some Highlights:The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!Anything under a 6-month supply is a Seller’s Market!There has not been a 6-months inventory supply since August 2012!Buyer Demand continues to out-pace Seller Supply! … [Read more...]
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