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 … Continue reading Competition Is Coming!
Bubble Alert! Is it Getting Too Easy to Get a Mortgage? There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by theMortgage Bankers Association, shows that mortgage credit has become more available in each of the last several … Continue reading Mortgage Financing Is Getting Easier To Obtain
More Americans Say Now Is A Good Time To Sell! Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it … Continue reading Now Is A Good Time To Sell!
Why Sell Now Instead of Later? The Buyers are Out Now Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently released data suggests that a seller’s best deal may be available right now. The … Continue reading Sell Now or Later?
4 Reasons To Buy A Home This Fall! Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a … Continue reading Reasons To Buy A Home This Fall
Buying Remains Cheaper Than Renting in 39 States! In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers show that the range is an average of 3.5% less … Continue reading Buying Remains Cheaper Than Renting
Empty Nesters: Best To Remodel Or Time To Sell? Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the … Continue reading Empty Nesters: Remodel or Sell?
Net Worth of Homeowners 44X Greater than Renters Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231,400 … Continue reading Own vs. Rent Net Worth Widens
A Tale of Two Markets: A 6-Month Update Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than there were … Continue reading Q4 Market Update
CHICAGO, September 26, 2017 — Luxury Portfolio International®, the luxury face of Leading Real Estate Companies of the World®, released their annual Global Luxury Real Estate Report at their Global Symposium in Vienna, Austria. The report provides an in-depth analysis of the habits of global luxury consumers and how their purchases tie directly to how … Continue reading Luxury Market Update