realestate homeownership homebuying realestategoals: Why You Should Think About Listing Prices Like auction’s Reserve
- 03/24/21 07:12 AM
Why You Should Think About Listing Prices Like an Auction’s Reserve Price For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price they could offer and still get the home. The asking price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than the list price. It was … (0 comments)
realestate homeownership homebuying realestategoals: Should We Fear the Surge in Cash-Out Refinances?
- 03/23/21 05:15 AM
Should We Fear the Surge in Cash-Out Refinances? Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than owed on the previously existing loan, helping borrowers use their home mortgage to get some cash.” The Freddie Mac report led to articles like the one published by The Real Deal titled, House … (3 comments)
realestate homeownership homebuying realestategoals: Will the Housing Market Bloom This Spring?
- 03/13/21 02:38 AM
Will the Housing Market Bloom This Spring? Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will bloom this season. Danielle Hale, Chief Economist, realtor.com: “Despite early weakness, we expect to see new listings grow in March and April as they traditionally do heading into spring, and last year’s extraordinarily low new listings comparison point will … (2 comments)
realestate homeownership homebuying realestategoals: Home Prices: What Happened in 2020? What Will Happen This Year?
- 03/02/21 04:20 AM
Home Prices: What Happened in 2020? What Will Happen This Year? The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Finance Agency (FHFA) Division of Research and Statistics, explains: “House prices nationwide recorded the largest annual and quarterly increase in the history of the FHFA Home Price Index. Low mortgage rates, pent up demand … (1 comments)
realestate homeownership homebuying realestategoals: How Much Leverage Do Today’s House Sellers Have?
- 02/24/21 04:33 AM
How Much Leverage Do Today’s House Sellers Have? The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for sale is down 25.7%. There are 360,000 fewer single-family homes for sale today than there were at this time last year. This increase in demand coupled with such limited supply is leading to more … (1 comments)
realestate homeownership homebuying realestategoals: 3 Ways Home Equity Can Have a Major Impact on Your Life
- 02/17/21 07:21 AM
3 Ways Home Equity Can Have a Major Impact on Your Life There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S. Home Equity Report, revealed that 30.2% of the 59 million mortgaged homes in the United States have at least 50% equity. That doesn’t even include the 38% of … (0 comments)
realestate homeownership homebuying realestategoals: Millennials: Is It Time to Buy a Bigger Home?
- 02/16/21 04:33 AM
Millennials: Is It Time to Buy a Bigger Home? In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending much more time at home these days, you may have a growing need for more space or upgraded features, making moving more desirable than ever. For those millennials who already own a home, there’s a great opportunity … (1 comments)
realestate homeownership homebuying realestategoals: Why It’s Easy to Fall in Love with Homeownership
- 02/12/21 03:54 AM
Why It’s Easy to Fall in Love with Homeownership [INFOGRAPHIC] Some Highlights Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community. Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire. If you’re ready to fall in love with a home of your own, let’s connect to get you started on the path to homeownership. … (2 comments)
realestate homeownership homebuying realestategoals: 3 Reasons We’re Definitely Not in a Housing Bubble
- 02/09/21 08:02 AM
3 Reasons We’re Definitely Not in a Housing Bubble Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. This time, housing supply is extremely limited The price of any market item is determined by supply and demand. If supply is high and demand is low, prices normally decrease. If supply is low and demand is … (0 comments)
realestate homeownership homebuying realestategoals: 6 Foundational Benefits of Homeownership Today
- 02/08/21 05:16 PM
6 Foundational Benefits of Homeownership Today Over the past year, our homes have become an integral part of our lives more than ever. They’re much more than the houses we live in. They’re our workplaces, virtual schools, and safe havens that provide shelter, stability, and protection through the evolving health crisis. Today, 65.8% of Americans are fortunate enough to call their homes their own. As we continue to think about the future, our goals for the year, and what we want to achieve well beyond 2021, it’s a great time to look at the benefits of owning a home. Below are … (1 comments)
realestate homeownership homebuying realestategoals: What’s the Difference between an Appraisal and a Home Inspection?
- 01/26/21 04:50 PM
What’s the Difference between an Appraisal and a Home Inspection? If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection, which assesses the condition of the home before you finalize the transaction. Here’s the breakdown of each one and why … (1 comments)
realestate homeownership homebuying realestategoals: Why Moving May Be Just the Boost You Need
- 01/25/21 08:14 PM
Why Moving May Be Just the Boost You Need As we look back over the past year, we’ve certainly lived through one of the most stressful periods in recent history. After spending so much more time at home throughout the health crisis, some are wondering if they should move to improve their mental health and well-being. This is no surprise since the U.S. Census Bureau reported an increase in the percentage of adults with symptoms of anxiety and depression in a recent Household Pulse Survey. There’s logic behind the idea that making a move could improve someone’s quality of life. When … (3 comments)
realestate homeownership homebuying realestategoals: More Generations Are Living Under One Roof This Year
- 12/29/20 04:22 AM
More Generations Are Living Under One Roof This Year This year challenged us to reprioritize everything - from the way we use our time to where we work, how we socialize and gather together, and our needs at home. For many, this also meant making decisions about how to best support and engage with our extended families, near and far. In some cases, we weren’t able to see our relatives and loved ones who were living in senior facilities. In others, maybe older children moved back home. Jessica Lautz, Vice President of Demographics and Behavioral Insights for the National Association of … (0 comments)
realestate homeownership homebuying realestategoals: An Honest Look at Unemployment Numbers
- 12/08/20 06:56 AM
An Honest Look at Unemployment Numbers Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: “We saw positive job gains, but I think the sentiment is largely negative because we know that we’re heading into a dark winter.” There’s no doubt that millions of households have been - and continue to be -devastated by the economic downturn caused by the pandemic. We should, however, put the current situation … (1 comments)
realestate homeownership homebuying realestategoals: How Remote Work Can Power Your Vacation Home Sale
- 12/07/20 06:15 AM
How Remote Work Can Power Your Vacation Home Sale This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of the fact that working from home might be someplace other than their primary residence – at the beach, in the mountains, or somewhere in between. NAR explains: “Sales in vacation-home counties increased 48% on average year over year in the third quarter; … (0 comments)
realestate homeownership homebuying realestategoals: Winter Will Bring a Flurry of Activity to the Housing Market
- 11/13/20 05:06 AM
Winter Will Bring a Flurry of Activity to the Housing Market In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” The typical winter slowdown in the housing market is simply not on the radar. Here’s why. While today’s historically low mortgage rates are expected to remain low, they won’t be this low for much longer. This could be the last chance for homebuyers to … (3 comments)
Why You Should Think About Listing Prices Like an Auction’s Reserve Price
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