home: How Much Is Your Home Worth Today? - 09/26/18 03:05 PM
One of the main reasons why real estate have been at the top of the list of great investments is its structurally sound appreciation model. The premise is, as time goes, the population grows but the land mass of a region remains the same. Thus, circling back to the ever dependable law of supply and demand. The rate on increase of a home's value varies greatly per location and it's economic state.
CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home … (0 comments)

home: Real Estate Market Reverting Back to Normal - 09/25/18 03:39 PM
With the amount of time spent in its current state, it's a little hard to establish the true norm for everyone. Newcomers to the industry who experienced the pre-bubble burst market may perceive what we have now as their norm. Some may have an ideal vision of how the normal market status should be and some may base it on how things were before the bubble burst.
After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From March 2012 to today, the market has been recovering with values appreciating 6.2% annually. These wild swings in values were … (0 comments)

home: Equity Rises For A Quarter Of Homes On Mortgages - 09/21/18 03:42 PM
If you're debating on moving to your dream home, you might be in luck. In some areas in the U.S. home equities rise which could give way to spending less for the long-awaited dream home for the lucky 25% of homeowners with a mortgage.
Home equity is defined as the difference between the home's fair market value and the outstanding balance of all liens (loans) on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value of their homes go up!
According to the latest Equity Report from ATTOM Data Solutions, … (0 comments)

home: Ultimate Walk-through In Guiding Sellers - 09/20/18 05:25 PM
Any process can prove tricky to someone new. Let alone, the complicated procedure of selling homes, to agents helping out the ordeal could be less difficult. Good thing we have this tips to make your life easier.
Memorize the Market
When a market turns and sudden transition occurs, study your potential market response with the sudden changes. As a listing agent and local market expert, mastery of the signs of a shift and having the means to communicate the new reality to your sellers is a must. Our job is to help our potential sellers understand the turns. We should sent out … (0 comments)

home: Is Now The Right Time To Sell? - 09/18/18 03:37 PM
Within the property market, there is much written about when the best time to buy and sell is. Just like trading other investments you can try to play the market to your advantage and this certainly applies with investment buyers, but when it comes to selling a home, it is often more about the right time for you rather than trying to judge the wider market.
Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:
"Contract signings inched backward once again last month, as declines in the South and West weighed down on overall activity."
Yun goes on to say:
"The reason … (2 comments)

home: Are Home Sales Slowing Down To A Halt? - 09/14/18 02:24 PM
There are no complex forces at work here, just a normal case on Supply and Demand imbalance. Figures shown below are from the best and most reliable source explaining the future of the market. Let's find out more.
The Foot Traffic Report
by the National Association of Realtors
Methodology: Every month SentriLock, LLC provides NAR Research with data on the number of properties shown by a REALTOR. Lockboxes made by SentriLock, LLC are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek … (0 comments)

home: Now May Be A Great Time To Sell - 09/12/18 04:09 PM
If you're ready to sell your home but just waiting for the right time, then you're in luck my friend. There's a saying that goes, "strike while the iron is hot" and right now, the iron is ablaze. You should put your property up in the market while it's filled with able, willing and eager buyers.
Between 1987 and 1999, which is often referred to as the 'Pre-Bubble Period,' home prices grew at an average of 3.6% according to the Home Price Expectation Survey. ​
The chart below shows the forecasted year-over-year prices for 2018 (predictions made in 2017). According to their predictions, … (2 comments)

home: Why It's Best To Buy A Home This Season - 09/11/18 03:56 PM
If you're debating on buying a new home for your family in the future, the best time to buy is now. Here are four good reasons why you should buy a home this fall.
1. Prices Will Continue to Rise CoreLogic's latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% 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 … (0 comments)

home: Desire To Own A Home Are Pass On To The Next Generation - 09/08/18 01:31 PM
Research shows that a great number of prospective home buyers came from a family who owned a home as compared to those who grew up in a family who rents. This is great news as most millennials are raised by baby boomers which we all know to be a generation of homeowners.
According to an analysis of millennial homeowners, the homeownership rate of those whose parents rent their homes is 14.4%, while the rate amongst millennials whose parents are homeowners is 31.7%!
"A young adult's odds of homeownership are highly correlated with their parent's homeownership. Without controlling for such factors as age, income, … (0 comments)

home: There Is A Good Time For Everything - 09/06/18 04:12 PM
Timing is everything, selling homes included. In case your thinking of selling your home in the future. This fall is the best time for you, here are five great reasons why you should sell this season.
1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase...and are in the market right now! In fact, more often than not, multiple buyers end up competing with each other to buy the same homes. Take advantage of … (0 comments)

home: Positive Home Sales Projection Over The Next Year - 08/28/18 03:20 PM
We got good news for all homeowners who are planning on selling their homes. Studies show a steady increase of up to 0.2 in home sales over the coming year. If you're asking whether or not this is the best time to put your home up in the market, then take a look at the chart below.
As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase steadily over the next year. If you are a homeowner who has considered selling your house recently, now may be the best time to … (0 comments)

home: Renting versus Buying - 08/27/18 03:27 PM
When buying groceries, people often pick one product out of the countless others because of one reason, they want to spend their money correctly.
Have you ever wondered if you're spending your money correctly on the right mortgage? As Entrepreneur Magazine, a premier source for small business, explained in their article, "12 Practical Steps to Getting Rich":
"While renting on a temporary basis isn't terrible, you should most certainly own the roof over your head if you're serious about your finances. It won't make you rich overnight, but by renting, you're paying someone else's mortgage. In effect, you're making someone else rich."
With home … (0 comments)

home: Welcome To The New Age Of Fund Raising - 08/25/18 01:27 PM
It did not take long for Kickstarter to become popular since it was founded in 2009. And it has given birth to a multitude of internet based crowdsourcing and crowdfunding institutions. Only recently has it been utilized to benefits home buyers.
Many couples are asking their wedding guests to contribute to their "Down Payment Fund" rather than fulfilling a traditional registry.
This is fueled by the fact that many couples live together prior to marriage and already have the necessary items to make a house a home...they just need the house! The average wedding in the United States has 120 guests who … (0 comments)

home: Owning A Home Beats Renting By 44% - 08/21/18 03:00 PM
If you think about it, it makes sense to pay for something monthly that you know will be yours in a few years time. You can consider your monthly amortization a deposit to your personal savings, only you cannot withdraw cash from it.
A study revealed that the median net worth of a homeowner was $231,400 - a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).
These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.
Owning a … (0 comments)

home: Is It Time To Look For A New Home? - 08/15/18 03:56 PM
Whether it's because of proximity to work or business or simply because your family has grown. You will come to think at some point that your home cannot keep up with your needs anymore.
It may seem hard to imagine that the first home you purchased (which made your dreams come true) might not be the home that will allow you to achieve the rest of your dreams.
The good news is that it's okay to admit that your home no longer fits your needs! ​ According to CoreLogic's latest Home Price Index, prices in the starter home market have appreciated faster than any other category … (2 comments)

home: New Players Are Coming In The Market - 08/14/18 02:29 PM
Currently, sellers are enjoying huge if not undivided attention from buyers as their visibility is at peak. There are reports, however, that this will change in the following months to come as permits for single-family units are granted.
According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May.
​ How will this impact buyers? ​
More inventory means more options. Mark Fleming, First American's Chief Economist, explained that this is good news for the housing market – especially for those looking to buy:
"The continued year-over-year growth in completions means more homes … (1 comments)

home: Home Price Increase Identified - 08/10/18 02:03 PM
The law of supply and demand has been an existential issue in basically all known market (real estate included) since the early days of commerce. This has been seen and used time and again by power players in the arena as an opportunity to dominate and earn more. A lot of studies and speculation points at the recent mortgage rate changes as the main reason for home value increase this year. Here's the reason why we think otherwise.
"The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price." ​
When demand … (0 comments)

home: Continuous Growth Of Millennial Homebuyers Shows No Sign Of Stopping - 08/09/18 02:03 PM
More and more Millennials turn up eager, ready and capable of becoming a homeowner. As the demand grows and supplies dwindle, there will be strict competition in the real estate arena. Here are a few things you need to know before you enter the market.
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 … (0 comments)

home: We Could Be Sitting On A Gold Mine - 08/07/18 02:00 PM
If we work on it right, every one of us could be sitting on our very own gold mine. According to millionaire David Bach, buying a home could be our ticket to wealth. This may sound counter-intuitive to some if given some thought will actually make a lot of sense. Homes have been at the top of the list of peoples investments for centuries.
In a CNBC article, self-made millionaire David Bach explained that:
"Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off."
Bach suggests that homebuyers should, "Take out a … (1 comments)

home: Now Is The Best Time To Put Your House In The Market - 08/03/18 02:14 PM
It's a simple case of supply and demand. Lower inventory equates to higher demand which in turn leads to faster sales and occasionally, even higher prices. So this means higher yield, less time in the market with little effort. Let's discuss.
The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago.
Some may look at these numbers and think that now is a bad time to sell their house, but in … (1 comments)