You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. In 2004, the index was around 400. But, […]
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Where Do You Go When You Sell? A New Home May Be The Answer.
Looking to sell your home but worried you won’t be able to find your next one on today’s market? You’re not alone, but we have some good news that might ease your worries. Construction of new homes is on the rise and is an increasingly important part of the housing stock. That said, if you’re […]
Assessing your Wants and Needs As a Homebuyer is More Important Today
When it comes to buying a home, it’s important to be strategic, especially considering today’s affordability challenges. Mortgage interest rates affect the cost of obtaining a mortgage. To offset today’s rising cost of borrowing, some homebuyers are scouring their wish lists and reassessing the features they really need in their next home to avoid being […]
Americans Still Think Homeownership Is the American Dream
Each interpretation of the American Dream is unique and personal. But for many, it is associated with a sense of accomplishment, freedom, and prosperity. These are all things homeowners can do. In a recent Bankrate poll, respondents were asked which achievements they felt best represented the American Dream. The responses show that homeownership is still […]
Two Questions To Ask Yourself When Thinking About Buying a Home
If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list […]
Why Your Home Won’t Sell
When selling a home, you need three things:Sell for as high a price as possible, get it done in a given amount of time, and do it all with as little effort as possible. The current real estate market has a limited housing supply, which generally favors sellers, but there are still factors that slow […]
Today’s Housing Stocks are a Sweet Spot For Sellers
One of the biggest challenges in today’s real estate market is the lack of homes for sale relative to the number of people looking to buy. To illustrate how limited housing inventory remains, let’s look at the latest information on active properties, homes for sale, for a given month, compared to more normal values. The […]
The Best Time To Sell Your Home is When Others Aren’t
If you are thinking of selling your home, you should be aware that there are currently a small number of homes for sale. That’s because fewer home sellers are putting their homes up for sale this season. Looking back at every April since 2017, the only year in which there were fewer sellers listing homes […]
Will Real Estate Prices Go Up Or Down?
Media coverage of property price trends can be confusing. A lot of that depends on what kind of data you’re working with and what you’re trying to draw attention to. When it comes to real estate prices, there are two different ways to compare real estate prices over different time periods.Yearly (Y-O-Y) and Monthly (M-O-M). […]
Why Buying a Home Now Makes More Sense Than Renting
Wondering whether to keep renting or buy a home this year? If so, think about it. Affordability of rent remains a challenge and has been for years. Because historically rents tend to go up over time. Census data show that rents have increased fairly steadily since 1988. And data from Realtor.com’s latest rent report shows […]
