Tag: Real Estate Market Statistics

3 Reasons This is NOT the 2008 Real Estate Market

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3 Reasons This is NOT the 2008 Real Estate Market No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s … Continued

Existing-Home Sales Report Indicates Now Is a Great Time to Sell

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Existing-Home Sales Report Indicates Now Is a Great Time to Sell The best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Reportreleased by the National Association of Realtors (NAR), reveals that demand for housing continues to be strong, but the supply is struggling … Continued

Homeownership is the Top Contributor to Your Net Worth

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Homeownership is the Top Contributor to Your Net Worth Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest determinants of household … Continued

What You Need to Know About the Mortgage Process

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What You Need to Know About the Mortgage Process Some Highlights: Many buyers are purchasing homes with down payments as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Your local professionals are here to help you determine how much you can afford, so take advantage of … Continued

What FICO® Score Do You Need to Qualify for a Mortgage?

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What FICO® Score Do You Need to Qualify for a Mortgage? While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for potential buyers is that you don’t need a score that high to qualify for a mortgage. Let’s unpack the credit … Continued

62% of Buyers Are Wrong About Down Payment Needs

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62% of Buyers Are Wrong About Down Payment Needs According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.” … Continued

3 Signs the Housing Market Is on the Rebound

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3 Signs the Housing Market Is on the Rebound The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound: 1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth. 2. Pending Home … Continued

4 Tips to Improve Your Home and Save on Your Energy Bill

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4 Tips to Improve Your Home and Save on Your Energy Bill As a homeowner, it’s important to keep your home running efficiently, not only to save money, but also to help the environment thrive. October 2nd is Energy Efficiency Day, a perfect time to think about making some key upgrades that will improve the … Continued

5 Homebuying Acronyms You Need to Know

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5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them. Your local professionals are … Continued

What Is the Cost of Waiting Until Next Year to Buy?

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What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020. … Continued
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