homes: Momentum Is Building for New Home Construction
- 07/12/23 06:08 PM
If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built home is a great option. As a recent article from the National Association of Realtors (NAR) says: “Home buyers continue to be met with limited housing options during what’s typically the real estate market’s busiest season. . . . The current supply of existing homes is about half the level it was … (1 comments)
homes: Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner | MyKCM
- 10/29/18 06:04 PM
With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families. Here is a list of just some of the people with whom the seller must be prepared to negotiate with if they decide to For Sale by Owner (FSBO): … (14 comments)
homes: Housing Is Still Affordable in the United States!
- 10/23/18 08:15 AM
Housing Is Still Affordable in the United States! Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at the results of the latest Housing Affordability Report from the National Association of Realtors (NAR). According to NAR: “A value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. … (10 comments)
homes: The Wave of Millennial Homebuyers Continues to Swell
- 08/08/18 08:13 AM
The Wave of Millennial Homebuyers Continues to Swell Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things. For older millennials (aged 25-34) who have established themselves in their career and are starting to build their families, homeownership is the next logical choice. According to the Urban Institute’s State … (1 comments)
homes: Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]
- 07/13/18 12:24 PM
Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC] Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room. … (0 comments)
homes: The #1 Reason to List Your House for Sale NOW!
- 07/09/18 07:24 AM
The #1 Reason to List Your House for Sale NOW! If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: “Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand. That is why home prices keep outpacing incomes and listings are going under contract … (0 comments)
homes: Cost Across Time [INFOGRAPHIC]
- 07/06/18 04:08 PM
Cost Across Time [INFOGRAPHIC] Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock in a low rate now while you can! … (1 comments)
homes: Homes More Affordable Today than 1985-2000
- 07/05/18 07:17 AM
Homes More Affordable Today than 1985-2000 Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home is determined by the price and the interest rate on the mortgage used to purchase it. Today, mortgage interest rates stand at about 4.5%. The average annual mortgage interest rate from 1985 to 2000 was almost double that number, at 8.92%. When comparing affordability of homeownership over the … (2 comments)
homes: 4 Reasons to Sell This Summer [INFOGRAPHIC]
- 06/22/18 07:36 AM
4 Reasons to Sell This Summer [INFOGRAPHIC] Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire. « Homes are More Affordable in 44 out of 50 States The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. … (2 comments)
homes: How A Lack of Inventory Impacts the Housing Market
- 06/18/18 01:03 PM
How A Lack of Inventory Impacts the Housing Market The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018. However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. Buyer demand naturally increases during the summer months, but supply is not keeping up. Here are the thoughts of a few industry … (1 comments)
homes: Parents Say Kids' Opinions Matter Big When Buying a Home
- 06/13/18 10:10 AM
Parents Say Kids’ Opinions Matter Big When Buying a Home A recent survey conducted by Harris Poll and released by SunTrust Mortgagefound that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.” When the results were broken down by the parent’s age, millennials (those 18-36) led the way with 74% of homeowners saying that their child’s opinion was a factor in choosing which home to buy. Eighty-three percent of renters believe that their child’s opinion would be a deciding factor when … (1 comments)
homes: When Is a Good Time to Rent? Not Now!
- 06/12/18 08:34 AM
When Is a Good Time to Rent? Not Now! People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent. The Census Bureau recently released their 2018 first quarter median rent numbers. According to their report, here is a graph showing rent increases from 1988 until today:
As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision … (0 comments)
homes: Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years
- 06/06/18 07:27 AM
Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal. When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the same neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank. Every month in their Home Price Perception Index … (0 comments)
homes: 4 Steps to Follow When Presenting an Offer in Today’s Market!
- 06/05/18 07:14 AM
4 Steps to Follow When Presenting an Offer in Today’s Market! So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a great offer so that you can guarantee that your dream of making this house yours comes true! Below are 4 steps provided by Freddie Mac to help buyers make offers, along with some additional information for your consideration: 1. Determine Your Price “You’ve found the perfect home and you’re ready to buy. Now what? Your real estate agent … (1 comments)
homes: 4 Reasons Why Summer Is a Great Time to Buy a Home!
- 06/04/18 08:48 AM
4 Reasons Why Summer Is a Great Time to Buy a Home! 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 Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have increased … (0 comments)
homes: Top Reasons to Own Your Home
- 06/01/18 10:06 AM
Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home? … (0 comments)
homes: Will Home Prices Fall as Mortgage Rates Rise?
- 06/01/18 10:05 AM
Will Home Prices Fall as Mortgage Rates Rise? Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry doubt that home values will be negatively impacted by the rise in rates. Mark Fleming, First American’s Chief Economist: “Understanding the resiliency of the housing market in a rising mortgage rate environment puts the likely rise in mortgage rates … (0 comments)
homes: Millennials Are Skipping Starter Homes for Their Dream Homes
- 05/30/18 08:18 AM
Millennials Are Skipping Starter Homes for Their Dream Homes A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home (sometimes even a small, three bedroom). “Prices vary widely by market but starters on average cost $150,000 to $250,000 while trade-up and premium homes cost upwards of $300,000.” Finding Their Forever Homes Now A recent CNBC article revealed that there are many factors … (0 comments)
Pearl Ahlquist Rudy has been in the Real Estate industry for over 23 years. Whether you’re a first time Pearl Ahlquist Ruby Fair Oaks Real Estate buyer, or an experienced investor. You’ll find useful information about how to choose the “right” property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed home buying decision in today’s market. If you currently own property and are thinking about selling it, this website contains information about preparing your home for sale, selecting the right agent, pricing your home appropriately, marketing it effectively, going through the inspection process, and receiving a timely market evaluation.
If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options. And, if your biggest hurdle right now is that you’re having trouble finding something you like, don’t forget that a newly built home is a great option.
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