Some Highlights This is the 48th consecutive month with year-over-year price gains. Lawrence Yun, NAR's Chief Economist says that, "The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers." Inventory is still below historic normals at a 4.4 month supply. … [Read more...]
The Mortgage Process: What You Need To Know [INFOGRAPHIC]
Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don't have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford. … [Read more...]
The Difference An Hour Makes This Spring [INFOGRAPHIC]
Some Highlights: Sunday, March 13th, we "Spring Forward" one hour for Daylight Savings Time (except for our friends in AZ). Every hour in the United States, 624 homes will sell and 118 homes will regain positive equity. The median home value will also increase each hour in the United States by $1.84. … [Read more...]
Home Prices Up 5.76% 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, waiting to move may end up costing you more! … [Read more...]
Home Prices Up 5.76% 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, waiting to move may end up costing you more! … [Read more...]
Exising Home Sales Inch Up In January [INFOGRAPHIC]
Some Highlights: Existing Home Sales rose to an annual rate of 5.47 million, representing an 11% increase year-over-year. Inventory levels remain below the 6-month supply needed for a normal market at a 4.0-month supply. Lawrence Yun, NAR's Chief Economist, warns: "The spring buying season is right around the corner and current supply levels aren't even close to what's needed to accommodate the subsequent growth in housing demand." … [Read more...]
How To Create Real Family Wealth [INFOGRAPHIC]
Some Highlights: Buying a home is often the biggest financial decision that any family will make. The average net worth of a homeowner is 45x greater than that of a renter. Homeownership puts your housing costs to work for you. Infographic was created in cooperation with Jensen & Co. … [Read more...]
How Do You Know If You’ve Found Your ‘Perfect Match’? [INFOGRAPHIC]
Some Highlights: Every agent brings a different set of skills & specialties to their clients. It is important to find an agent who you can trust to guide you through the entire process step-by-step. Having a conversation about your goals & expectations will not only save you unneeded frustration, but will also make the transaction as smooth as possible. … [Read more...]
Where Are Americans Moving? [INFOGRAPHIC]
Some Highlights: For the 4th year in a row the Northeast saw a concentration of High Outbound activity. Oregon held on to the top stop of High Inbound states for the 3rd year in a row. Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring. … [Read more...]
Existing Home Sales Bounce Back [INFOGRAPHIC]
Some Highlights: Sales in December were 14.7% higher than those in November, marking the largest month-over-month increase ever recorded. Inventory levels are still below historic norms at 3.9-months supply. Median home price is up 7.6% from last year, marking the 46th consecutive month with year-over-year price gains. … [Read more...]
