Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke appreciation down ever further into four price ranges which gives … » Learn More about Which Homes Have Increased In Value The Most?
Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage … » Learn More about To Stage…Or Not To Stage? That Is The Question!
If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is … » Learn More about Thinking Of Selling? You Should Act NOW!
“I can’t wait to move!” How often do you hear someone say that? What they mean is they can’t wait to be in their new place, all unpacked and organized and enjoying their new surroundings. What they don’t mean is, “I can’t wait to spend a month packing up everything I own and hauling it … » Learn More about Protectecting Yourself During a Move
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. … » Learn More about The Supply & Demand Problem Plaguing New Construction
According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective? Ralph McLaughlin, Trulia’s Chief Economist explains: “Owning a home is … » Learn More about Homeownership Is a Good Financial Investment!
Homeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that far transcend any economic impact. However, we want to look at several of the financial advantages of homeownership in today’s post. 1. Buying is Cheaper Than Renting The results of the latest Rent … » Learn More about Financial Planning: 4 Reasons to Buy a House Today
So you just laid out a bunch of cash for your down payment and closing costs, and don’t forget about the moving company. Or, maybe you’re just getting ready to buy or move into your first home, and you’re not sure how you’re going to furnish and fill up your great new space after draining … » Learn More about 6 Places You Can Get Great Stuff For Your House For The Cost Of Lunch
Indications are that this will be an active spring market with real estate price and mortgage rate increases which extend deep into 2017. Getting ahead of this momentum may bring benefits and real estate you can love. You’re got nothing to lose by shopping now and a lot to gain. Here are Five Smart-Buying Tips … » Learn More about Why Do Home Buyers Wait For Spring?
Bringing color into your space doesn’t require you to splash paint up everywhere. Sometimes, focusing on just one wall can have even greater impact, or at least allow you to slowly get used to the idea of color before you take the four-wall plunge. “An accent wall can be a perfect way to break up a … » Learn More about How To Create A Great Accent Wall
There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors … » Learn More about Mortgage Rates Impact on 2017 Home Values
Today, we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on the health of family members. Here are some of the major findings on this issue revealed in the report: There is a strong positive relationship between living in poor housing and a range of … » Learn More about The Impact of Homeownership on Family Health