Home Sales Expected to Continue Increasing In 2020 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 Continue Reading
The Role Access Plays in Getting Your House Sold
The Role Access Plays in Getting Your House Sold 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 Continue Reading
Everybody Calm Down! This Is NOT 2008
Everybody Calm Down! This Is NOT 2008 Last week realtor.com released the results of a survey that produced three major revelations: 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next. 57% believe the next recession will be as bad or worse than 2008. 55% said they would cancel plans to Continue Reading
A Recession Does Not Equal a Housing Crisis
A Recession Does Not Equal a Housing Crisis Some Highlights: There is plenty of talk in the media about a pending economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th. Many experts predict a potential recession is on the horizon. However, housing will not be the trigger, and Continue Reading
5 Reasons to Sell This Fall
5 Reasons to Sell This Fall Below are 5 compelling reasons listing your home for sale this fall makes sense. 1. Demand Is Strong The 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 Continue Reading
A Great Way to Increase Your Family’s Net Worth
A Great Way to Increase Your Family’s Net Worth Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of Continue Reading
Housing Supply Not Keeping Up with Population Increase
Housing Supply Not Keeping Up with Population Increase Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up. The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in 1990 to a Continue Reading
What’s the Latest on Interest Rates?
What’s the Latest on Interest Rates? Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.According to Freddie Mac’s Primary Mortgage Market Survey, “the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the Continue Reading
Experts Predict a Strong Housing Market for the Rest of 2019
We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019. Here’s what some of the experts have to say: Ralph McLaughlin, Deputy Chief Economist for CoreLogic “We see the cooldown flattening or even reversing course in the coming months and Continue Reading
Home of the week March 8th
Exceptional quality and attention to detail was put into this amazing custom built home. Situated on the meadow in a peaceful, sunny and desirable neighborhood. Owner built and occupied, this spacious, open floor plan shows top of the line craftsmanship throughout. The lot is 15,696 sq ft, newly fenced and landscaped, and the house backs to the river and gorgeous meadow, sunlight beams though the Continue Reading
