The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline, “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great news for homeowners! Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest … [Read more...]
14,904 Homes Sold Yesterday… Did Yours?
There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly. After all, 14,904 houses sold yesterday, 14,904 will sell today, and 14,904 will sell tomorrow. 14,904! This is the average number of homes that sell each and every day in this country, according to the … [Read more...]
Top 5 A+ Reasons to 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 and effectively explain them to you and your family! … [Read more...]
Read This Before Starting Your Next Paint Project
Anyone can paint. What separates a great paint job from an average one is the prep work! We interviewed local paint contractor and The Sibley Group's preferred vendor, John Arce, of John Arce Painting Co. He gave us a few tid bits from his 30+ years as a paint contractor that we thought we would share with you! Important Tips for DIY'ers Step 1: First, you should take everything off the walls. Move all furniture to the middle of the room and cover it with light plastic. Step 2: Next you’ll need a runner (also … [Read more...]
Empty Nesters: Best to Remodel or Time to Sell?
Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based on the record of dollars spent on remodeling and renovations, it appears that many homeowners are deciding on number one. But, is that the best long-term solution? If you currently live in a 3-4-bedroom home, you probably bought it at a time when … [Read more...]
Number of Buyers Putting Down Less Than 10% Hits 7-Year High
According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put down as low as 3% to purchase their dream homes. The strength of the housing market has aided buyers who used low-down-payment programs to buy. As a recent CNBC article points … [Read more...]
Home Prices Up 6.64% Across the Country! [INFOGRAPHIC]
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska & West Virginia were the only states where home prices are lower than they were last year. … [Read more...]
Study: FSBOs Don’t Save Real Estate Commission
One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in some cases may be costing themselves more, by not listing with an agent. In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed … [Read more...]
Want to Keep Up with the Joneses? Now’s the Time
Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home. The National Association of Realtors reports that national inventory levels are now at a 4.3-month supply. A normal market, where prices appreciate with inflation, … [Read more...]
Why Is It Important to Use a Professional to Sell Your Home?
When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. According to the National Association of … [Read more...]
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