For Buyers
Are You Thinking of Selling Your Home? Competition Is Coming!
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. […]
Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]
Some Highlights:
According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year.
Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still r…
Supply & Demand Will Determine Future Home Values
Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The amount of a commodity, product, or service […]
Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!
In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.” Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, […]
Home Buying Myths Slayed [INFOGRAPHIC]
Some Highlights:
The average down payment for first-time homebuyers is only 6%!
Despite mortgage interest rates being over 4%, rates are still below historic numbers.
88% of property managers raised their rents in the last 12 months!
Are Lending Standards Propping Up Home Prices?
Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern…some households may be employing these […]
Buying Is Now 26.3% Cheaper Than Renting in the US
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first time that it was cheaper to rent […]
You Need an Agent Who Will Always Put You First
Whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move to, as well as the trends of that area, should be your goal while home shopping. One great example of an agent who […]
Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]
![Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC] | Simplifying The Market](https://files.simplifyingthemarket.com/wp-content/uploads/2018/07/18142501/20180727-Share-STM.jpg)
Some Highlights:
- Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!
- The generations agree! Real estate is the best investment!
- Generation X leads the way with 37% believing in real estate as the top investment.
4 Reasons Why We Are Not Heading Toward Another Housing Bubble
With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here are four key metrics that will explain why: Home Prices Mortgage […]