sellers: Where Have All the Houses Disappeared To?
- 01/29/20 08:34 AM
Vecteezy If you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the inventory of existing homes for sale is shrinking. According to the most recent Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 10.8% from the same time last year. That exceeds expectations and is great news. The troubling news from the report is that the sold inventory is not being replaced. As NAR explained, “Total housing inventory at the end of December totaled 1.40 million units, … (0 comments)
sellers: How Buyers Can Win By Downsizing in 2020
- 01/22/20 08:39 AM
Shutterstock Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home. Here’s some more good news: mortgage rates are expected to remain low throughout 2020 at an average of 3.8% for a 30-year fixed-rate loan. The combination of leveraging your growing equity and capitalizing on low rates could make a big difference in your housing plans this year. How to Use Your Home EquityFor move-up buyers, the typical pattern for building financial stability and wealth through homeownership works this way: you buy … (2 comments)
sellers: Reasons to Sell This Winter
- 12/02/19 08:40 AM
Shutterstock Below are five compelling reasons to list your house this winter. 1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase, and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now Inventory is still under the 6-month supply needed for a normal housing market. This means … (0 comments)
sellers: Tips to Sell Your Home Faster
- 11/27/19 08:38 AM
Raven Inside Interior Design / Brandon Barre When selling your house, there are a few key things you can prioritize to have the greatest impact for a faster sale: 1. Make Buyers Feel at HomeDeclutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make buyers feel like they belong in the house. According to the 2019 Profile of Home Staging by the National Association of Realtors, “83% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.” Not only will your house spend less time on the market, but the same report mentioned that, “One-quarter of … (2 comments)
sellers: The #1 Reason to List Your House in the Winter
- 11/04/19 08:06 AM
Shutterstock Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition. So, what’s the #1 reason to list your house in the winter? Less competition.Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months supply of listings from the National Association of Realtors. As you can see, the ‘sweet spot’ to list your house for the most exposure naturally … (0 comments)
sellers: Thinking of Selling Your Home? The Waiting Is The Hardest Part.
- 10/29/19 07:14 AM
Shutterstock Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in the market, but right now may in fact be an even better time to list your home. We can see the overall economy is good: wages are rising, there are near record-low unemployment rates, and mortgage interest rates are still very low too. Over the past 10+ years the … (0 comments)
sellers: 3 Reasons to Use a Real Estate Pro in a Complex Digital World
- 10/16/19 10:35 AM
Shutterstock If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to start the home-buying process, and the truth on why it should never be your only go-to resource when it comes to making such an important decision. According to the National Association of Realtors (NAR), the three most popular information sources home buyers use in the home search are: Online website (93%) Real estate agent (86%) Mobile/tablet website or app (73%) Clearly, you’re not alone … (0 comments)
sellers: 3 Signs the Housing Market Is on the Rebound
- 10/03/19 10:39 AM
Shutterstock 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 Sales (contracts signed) are up with each of the four major regions reporting both month-over-month growth and year-over-year gains in contract activity. Here is the month-over-month growth: The Northeast rose 0.7% The Midwest increased 0.6% The South increased 1.4% The West grew 3.1% 3. Buyer Traffic (the number of people shopping for a home) is up compared to the same … (1 comments)
sellers: How Does the Supply of Homes for Sale Impact Buyer Demand?
- 09/30/19 11:43 AM
Shutterstock The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Buyer Demand The map below was created after asking the question: “How would you rate buyer traffic in your area?”The darker the blue, the stronger the demand for homes is in that area. The survey shows that in 3 of the 50 U.S. states, buyer demand is … (2 comments)
sellers: Should You Fix Your House Up or Sell Now?
- 09/24/19 12:38 PM
Photo: bergensrepairs With the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents are finding themselves as empty nesters for the first time. The question inevitably arises: is it finally time to downsize? If you’re pondering that thought, you may also be wondering if you should fix-up your house before you sell it, or go straight to the market as-is, allowing a potential buyer to do the updates and remodeling. If you’re one of the many homeowners this camp, … (1 comments)
sellers: 4 Reasons to Sell This Fall [INFOGRAPHIC]
- 09/20/19 10:06 AM
Some Highlights: Buyers are active in the market and often competing with one another for available listings. Housing inventory is still under the 6-month supply found in a normal housing market. Homes are still selling relatively quickly, averaging 31 days on the market. We hope you found this information helpful. Contact us today for all your real estate needs. team@davidsonhomegroup.com Download Our Home Search App Portland-Vancouver Home Price Check Oh, by the way … if you know of someone who would appreciate the level of service we provide, please call us with their name and business number. We’ll be happy to take great care of them. Keller … (0 comments)
sellers: Home Prices Increase in Every Price Range
- 09/17/19 10:23 AM
Shutterstock CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also analyzed four individual home-price tiers, showing the increase in each. Here’s the breakdown: To clarify the methodology, CoreLogic explains, “The four price tiers are based on the median sale price and are as follows: homes priced at 75% or less of the median (low price), homes priced between 75% and 100% of the median (low-to-middle price), homes priced between 100% and 125% of the median (middle-to-moderate price) and homes priced greater than 125% of the median (high price).” What … (0 comments)
sellers: 6 Graphs Showing the Strength of the Current Housing Market
- 09/13/19 08:25 AM
Some Highlights: Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home. Mortgage rates remaining near historic lows and houses selling in an average of only 29 days are just two key elements driving the strength of today’s market. With the national data shown here, make sure to also determine what’s happening in your local market so you are fully informed when you’re ready to make your next move. We hope you found this information helpful. Contact us today for all your real … (0 comments)
sellers: The Role Access Plays in Getting Your House Sold
- 09/10/19 08:53 AM
Shutterstock So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and you’ve been asked what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access you can provide to your agent to be able to show your home. Here are five levels of access you can provide to a buyer, each with a brief description: Lockbox on the Door – This allows buyers the ability to see the … (0 comments)
sellers: Home Sales Expected to Continue Increasing In 2020
- 09/09/19 09:46 AM
Shutterstock Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020. Below is a chart depicting the projections of each entity for 2019, as well as for 2020. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year. If you’re a homeowner who has considered selling your house recently, now may be the best time to put it on the market. We hope you found this information helpful. Contact us today for all your real estate needs. team@davidsonhomegroup.com Download Our Home Search App Portland-Vancouver Home Price Check Oh, by the way … if you know of someone who … (0 comments)
sellers: A+ Reasons to Hire a Real Estate Pro
- 09/06/19 09:44 AM
Some Highlights: Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most powerful decisions you can make. A real estate professional has the experience to help you confidently navigate through the entire process. Make sure you work with someone who knows the current market conditions and can simply and effectively explain them to you and your family. We hope you found this information helpful. Contact us today for all your real estate needs. team@davidsonhomegroup.com Download Our Home Search App Portland-Vancouver Home Price Check Oh, by the way … if you know of someone who would … (0 comments)
sellers: 5 Reasons to Sell This Fall
- 09/04/19 12:42 PM
Shutterstock Below are 5 compelling reasons listing your home for sale this fall makes sense. 1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition NowHousing inventory is still under the 6-month supply that is needed for a normal market. This … (2 comments)
sellers: 3 Expert Insights On Inventory In The Current Market
- 07/29/19 10:30 AM
Shutterstock The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year. There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up. Here is a look at what a few industry experts have to say:Lawrence Yun, Chief Economist at National Association of Realtors “Imbalance persists for mid-to-lower priced homes with solid demand and insufficient supply, which is consequently pushing up home prices.” Mark Fleming, Chief Economist of First … (0 comments)
sellers: NAR Reports Show It’s A Great Time to Sell!
- 09/11/18 09:31 AM
Download your HOME SEARCH app What’s my HOME WORTH in today’s market? We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a great time to sell your house. Let’s look at the data covered in the latest Pending Home Sales Report and Existing Home Sales Report. THE PENDING HOME SALES REPORTThe report announced that pending home sales (homes going into contract) are down 2.3% from last year and have … (0 comments)
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