It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:The University of Michigan Consumer Sentiment IndexNational Federation of Independent Businesses' Small Business Optimism IndexCNBC All-America Economic SurveyThe Conference Board Consumer Confidence SurveyIt usually means good news for the housing market when the country sees an optimistic future. People begin to dream again about the home their … [Read more...]
You Need a Professional on Your Team When Buying a Home
Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to do it on their own. In today’s market: you need an experienced professional!You Need an Expert Guide if You Are Traveling a Dangerous PathThe field of real estate is loaded with land mines; you need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home that is priced appropriately and is ready for you to move into can be … [Read more...]
3 Tips for Making Your Dream of Buying a Home Come True [INFOGRAPHIC]
Some Highlights:Realtor.com recently shared “5 Habits to Start Now If You Hope to Buy a Home in 2017.”Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it.Living within a budget now will help you save money for down payments and pay down other debts that might be holding you back. … [Read more...]
Millionaire to Millennials: Buy a Home!!
Last week, CNBC ran an article quoting self-made millionaire David Bach explaining that not purchasing a home is "the single biggest mistake millennials are making" because buying real estate is "an escalator to wealth.”Bach went on to explain:"If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter."In his bestselling book, “The Automatic Millionaire,” Bach does the … [Read more...]
Year-Over-Year Price Appreciation Reaches Double Digits in 5 Price Categories
The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range.But surprisingly, the 20.7% increase in sales in this range was not the highest percent change achieved, as sales … [Read more...]
Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories
The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range.But surprisingly, the 20.7% increase in sales in this range was not the highest percent change achieved, as sales … [Read more...]
5 Reasons to Resolve to Hire a Real Estate Professional [INFOGRAPHIC]
Some Highlights:As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team!There are many benefits to using a local professional!Pick a pro who knows your local market and can help you navigate the housing market! … [Read more...]
You Need an Agent Who Will Put You First
When it comes to buying a home, whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move into, as well as the trends of that area, should be your goal.One great example of an agent who is in your corner and is always looking out for your best interests is one of the main characters on ABC’s Modern Family, Phil Dunphy.For those who aren’t familiar, the character Phil is a Realtor … [Read more...]
Homeowner’s Net Worth Is 45x Greater Than A Renter’s
Every three years, the Federal Reserve conducts a 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).In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that by the end of 2016, the net worth gap will widen even further to 45 times greater.The graph below … [Read more...]
Existing Home Sales Surge Through The Holidays [INFOGRAPHIC]
Some Highlights:November’s Existing Home Sales report revealed that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).”Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and is now 9.3% lower than November 2015.Inventory has dropped year-over-year for the last 18 months.The median price for all home sales in November was $234,900, up 6.8% from last year … [Read more...]
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