Some Highlights: 11% of new homebuyers stated "energy efficient features" as the reason for their purchase. The most popular remodeling projects done for energy efficiency were insulation upgrades, HVAC replacements, and vinyl & wood window installations. Research shows that word preference does make a difference when it comes to attracting "green buyers." … [Read more...]
Vacation Home Sales Reach 2nd Highest Mark Since 2006 [INFOGRAPHIC]
Some Highlights: 58% of vacation homes purchased were single family homes. 51% of vacation homes that were purchased were found online. The median price of a vacation home is up 28% from 2014. … [Read more...]
More & More Singles Are Falling For Their Dream Home [INFOGRAPHIC]
Some Highlights: 24% of all recent home buyers were single at the time of purchase. 47% of single men cite the desire to own a home of their own as the primary reason to buy. 18% of first-time buyers were single women. … [Read more...]
Don’t Be Fooled… Homeownership Is A Great Investment! [INFOGRAPHIC]
Some Highlights: Harvard University's Joint Center of Housing Studies recently released the top financial & emotional reasons to own a home. Owning is a good way to build up wealth that can be passed along to your family as it is usually a form of "forced savings." You're paying for a house whether you own or rent, but owning gives you control over your living space. … [Read more...]
Home Sales Up Year-Over-Year
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...]
