We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up. It’s also causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has gotten prices come down. It’s also putting buyers in the driver’s seat. […]
Category Archives: Real Estate Market
The Supply & Demand Problem Plaguing New Construction
Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while also helping to ease price increases throughout the country. […]
Wrong About Your Down Payment?
According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, 69% of mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market. Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge about the […]
Why Your House Hasn’t Sold Yet
There is one bug reason why your home probably hasn’t sold yet. The residential housing market has been hot this year. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong throughout spring as many real estate professionals are reporting bidding wars with […]
Why You Should Sell This Summer
Here are five reasons listing your home for sale this summer makes a whole lot of sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to […]
Pay Off an Existing Mortgage Balance
Paying off an existing mortgage isn’t always easy. A professor of finance at the Wharton School of the University of Pennsylvania, Jack Guttentag, recently tackled a difficult question about mortgages: should you pay off an existing mortgage balance before getting a reverse mortgage? This is a topic that is often overlooked or not addressed whatsoever, […]
Local Real Estate Agents
Local real estate agents may make all the difference if you’re entering the real estate market. If you’ve just entered, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a […]
#1 Reason to List Your House for Sale!
It may be time to list your home. Have you been considering downsizing, expanding, or maybe moving to the coast to fulfill that dream of owning beach front property? Whatever your reason, if you’ve been debating listing your house for sale this year, we have the #1 reason not to wait! In short terms, buyer […]
Owning vs. Renting a Home
Been debating owning or renting a home? According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter […]