buying a home: A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture
- 03/15/17 04:34 PM
The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. Historically, inventory must reach a 6-month supply for a normal market where home prices appreciate with inflation. Anything less than a 6-month supply is a sellers’ market, where the demand for houses outpaces supply and prices go up. As you can see from the chart below, the United States has been in a sellers’ market … (0 comments)
buying a home: First Comes Love… Then Comes Mortgage?
- 02/15/17 02:52 PM
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 14% of all first-time buyers last year. If you’re single, don’t fret! Single women made up 18% of first-time buyers in 2016, while … (0 comments)
buying a home: 5 Reasons to Hire a Real Estate Professional When Buying & Selling!
- 11/28/16 02:14 PM
Whether you are buying or selling a home, it can be quite an adventurous journey; you need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but rather have been strengthened, due to the projections of higher mortgage interest rates & home prices as the market continues to pick up steam. 1. What do you do with all this paperwork? Each state … (1 comments)
buying a home: Have You Put Aside Enough for Closing Costs?
- 10/11/16 09:28 AM
There are many potential homebuyers, and even sellers, who believe that you need at least a 20% down payment in order to buy a home, or move on to their next home. Time after time, we have dispelled this myth by showing that there are many loan programs that allow you to put down as little as 3% (or 0% with a VA loan). If you have saved up your down payment and are ready to start your home search, one other piece of the puzzle is to make sure that you have saved enough for your closing costs. Freddie Mac defines closing … (2 comments)
buying a home: A Home Buyers Guarantee...not just lip service!
- 02/17/13 12:23 AM
Seattle Luxury Group and Coldwell Banker BAIN have the solution to that. We are so confident in our ability to represent YOU the Buyer, better than anyone, we are willing put it in writing...and sign it! In todays day and age we feel it is a necessity for our clients to rest assured that at any point during the buying process, if they feel we have not kept up our end of the bargain, they can terminate the relationship. All of our clients at Seattle Luxury Group sign a buyers representation agreement before we work together because they understand, from the … (1 comments)
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Vance Hill - Limitless Realty Group & SportStar Relocation Seattle
The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops.
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