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Are Millennials Finally Entering the Market? Posted: 14 Oct 2015 04:00 AM PDT It appears that Millennials are finally beginning to enter the housing market. In a recentreport, CoreLogic looked at the annual net change in household formations over the last decade (see graph below):It appears this is the year that Millennials are finally moving [...]
New Home Sales Surge Posted: 13 Oct 2015 04:00 AM PDT According to the latest report from the US Census Bureau and the Department of Housing and Urban Development, newly constructed home sales jumped 5.7% month-over-month and 21.6% year-over-year to an annual pace of 552,000. Many buyers are looking to the new homes market to [...]
4 Reasons to Buy BEFORE Winter Hits Posted: 12 Oct 2015 04:00 AM PDT It's that time of year; the seasons are changing and with them bring thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether now is the right time to buy [...]
New Home Sales Surge By 5.7%! [INFOGRAPHIC] Posted: 09 Oct 2015 04:00 AM PDT Some Highlights: The median price of a newly constructed home is currently $292,700. Sales are up 5.7% month-over-month and 21.6% year-over-year. Many buyers are looking to new homes as an option due to the lack of inventory of existing homes for [...]
Pending Home Sales Remain Steady Posted: 08 Oct 2015 04:00 AM PDT The National Association of REALTORS’ just released the results of their latestPending Home Sales Index, which showed a small 1.4% decline in signed contracts in August. Pending sales remain strong year-over-year as they were 6.1% higher than August ’14 and have now risen [...]
Home Equity: You May Have More Than You Think Posted: 07 Oct 2015 04:00 AM PDT CoreLogic recently released their 2015 2nd Quarter Equity Report which revealed that 759,000 properties had regained equity in the last quarter. That means that 91% of allmortgaged properties (approximately 45.9 million) are now in a positive equity position. Anand [...]
Sales Up In (Almost) Every Price Range! Posted: 06 Oct 2015 04:00 AM PDT The National Association of Realtors’ most recent Existing Home Sales Reportrevealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-7.7%). The [...]
#1 Reason to List Your House Today Posted: 05 Oct 2015 04:00 AM PDT If you are debating listing your house for sale this year or even early next year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale According to the National Association of [...]
How Quickly Are Homes Selling In Your State? [INFOGRAPHIC] Posted: 02 Oct 2015 04:00 AM PDT Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners [...]
Is it Time to Downsize your Home? Posted: 01 Oct 2015 04:00 AM PDT A recent study by Edelman Berland revealed that of homeowners who are contemplating selling their house in the near future 33% plan to scale down. Let’s look at a few reasons why that would make sense to many Americans. In a [...]