Market Updates

Nov. 29, 2019

7 Reasons to List Your House This Holiday Season

7 Reasons to List Your House This Holiday Season

Around this time each year, many homeowners decide to wait until after the holidays to list their houses. Similarly, others who already have their homes on the market remove their listings until the spring.

Let’s unpack the top reasons why listing your house now or keeping it on the market ...

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Posted in Market Updates, Sellers
Nov. 27, 2019

How Long Can This Economic Recovery Last?

How Long Can This Economic Recovery Last?

The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows.

Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last?

The Wall Street Journal (WSJ) Survey ...

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Nov. 25, 2019

Buyers Are Looking! Are You Ready to Sell Your Home?

Are You Ready to Sell Your Home

Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market.

It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below:

With inventory being one of the biggest housing market ...

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Posted in Market Updates, Sellers
Nov. 20, 2019

This is Not 2008 All Over Again: The Mortgage Lending Factor

The Mortgage Lending Factor

Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money.

Recent articles about the availability of low down-payment loans and down payment assistance programs are ...

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Nov. 18, 2019

Buyer Demand Growing in Every Region

Buyer Demand Growing in Every Region

Buyers are out in full force this fall, increasing the demand for home buying in all four regions of the country.

According to the latest ShowingTime Showing Index,

“Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began ...

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Nov. 15, 2019

Forget the Price of the Home. The Cost is What Matters

Forget the Price of the Home. The Cost is What Matters

Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward.

As an example, CoreLogic increased their 12-month projection for home values from 4.5 ...

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Nov. 8, 2019

The #1 Reason to List Your House in the Winter

The #1 Reason to List Your House in the Winter

Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition.

So, what’s the #1 reason ...

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Posted in Market Updates, Sellers
Oct. 28, 2019

3 Reasons This is NOT the 2008 Real Estate Market

3 Reasons This is NOT the 2008 Real Estate Market

No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s real estate market to the ...

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Posted in Market Updates
Oct. 25, 2019

Depending on the Price, You’re Going to Need Advice

Depending on the Price, You’re Going to Need Advice

To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think.

In real estate today, there are essentially three different price points in the market: the starter-home market, the middle-home market, and the premium ...

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Oct. 23, 2019

Think Prices Have Skyrocketed? Look at Rents

Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject.

In the most recent Apartment Rent Report ...

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