Category: Real Estate Market Updates

The Cost of Renting vs. Buying This Spring

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The Cost of Renting vs. Buying This Spring [INFOGRAPHIC] Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market … Continued

2 Trends Helping Keep Housing Affordable

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2 Trends Helping Keep Housing Affordable Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades! These two factors have helped keep housing … Continued

What Would Make You Sell Your House?

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What Would Make You Sell Your House? There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtorsasked recent home sellers to share their reason for moving. The younger the respondents, the more likely their top response centered around needing a … Continued

How Quickly Can You Save Your Down Payment?

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How Quickly Can You Save Your Down Payment? Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in … Continued

Existing Home Sales Slow to Start Spring

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Existing Home Sales Slow to Start Spring [INFOGRAPHIC] Some Highlights: Existing Home Sales slowed to an annual pace of 5.21 million home sales in March. Low inventory levels are still impacting home sales! The current month’s supply of homes for sale is 3.9-months. Median home prices were up 3.8% over last March at $259,400. This … Continued

Renters Paying Substantially More While Owning Costs Less

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Renters Paying Substantially More While Owning Costs Less In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” … Continued

New Study Reveals One Surprising Reason for the Inventory Shortage

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New Study Reveals One Surprising Reason for the Inventory Shortage There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a … Continued

With Inventory Low: Will Your Dream Home Need Some TLC?

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With Inventory Low: Will Your Dream Home Need Some TLC? According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the … Continued

Selling Your House: Here’s Why You Need A Pro In Your Corner!

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Selling Your House: Here’s Why You Need A Pro In Your Corner! With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate agents are trained and experienced in … Continued
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