When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home 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. For the past three years, 92% of all buyers have used the internet in their … [Read more...]
50% of Houses sold in 36 Days or Less in July [INFOGRAPHIC]
Some Highlights:The National Association of REALTORS® surveyed their members for their Confidence IndexThe 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 less than 60 days in 38 out of 50 states and Washington D.C.Homes sold in less than 30 days in 17 states … [Read more...]
Mortgage Standards Easing TOO MUCH? NO!!
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.Let’s put everything into the proper perspective.Mortgage Credit Availability Over the Last Three YearsGetting a home mortgage has definitely gotten easier over the last three years as evidenced by the Mortgage Credit Availability Index, issued by the Mortgage Bankers … [Read more...]
Home Prices Up 5.61% 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!Vermont was the only one state where home prices are actually lower than they were last year. … [Read more...]
New Construction Numbers: Now Versus 2005
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:“The havoc during the last cycle was the result of building too many homes and of speculation fueled by loose credit. That’s the exact opposite of what we have today.”If we look at the number of new single family housing starts over the last 30 years, we … [Read more...]
Is the Current Pace of Home Sales Sustainable?
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...]
Flood Insurance Map Changes in Orleans Parish
If you’re a resident of Orleans Parish or considering buying a house in Orleans Parish, listen up! Flood insurance map changes are taking effect on September 30, 2016, and it will mean good news for 73% of properties in New Orleans. The large number of homes will be removed from the Special Flood Hazard Area (SFHA), 23% will remain unchanged, and 4% will move to a higher risk flood zone. Regardless of where you live in Orleans Parish, we recommend taking a few minutes to understand the upcoming flood insurance map … [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...]
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