A recent Realtor.com article summarizes why our housing market is slowing down. Here is what it had to say! The economy is booming and more people are earning good-sized paychecks again. Millennials are starting to settle down and have children, so they need more space. And...
As I write this, please understand I do not often get too involved in politics from a personal level that said, there are two very important measures that will impact you as home owners and the following is information I received from the California Association...
Contrary to what you may have heard, I find the fall is often the absolute best time to either purchase your home, or consider selling your home! I often have people say they want to wait until after the first of the year or spring time...
Posted on 10 Jan 2019 by Meredith Dunn, Research Communications Manager In 1981 when NAR first started tracking the data, the average age of a first-time homebuyer was 29. They made up 44 percent of all homebuyers. Sixty-eight percent of first-time buyers were married couples, 12 percent were single...
Posted on 11 Jan 2019 by Michael Hyman, Research Data Specialist At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.99 percent this November, up 19.1 percent compared to 4.19 percent a year ago. Housing affordability declined...
Posted on 23 Jan 2019 by Scholastica (Gay) Cororaton, Research Economist With rising interest rates and commodity prices still depressed, land sales and land prices continued to increase, although at a modest pace, during October 2017 – September 2018, according to the 2018 Land Market Survey of the...
The National Association of Realtors completed a home buyer profile in February 2017 that revealed some interesting information regarding down payments: 39 percent of respondents who didn’t own a home thought they needed a minimum of 20 percent down before they could buy a home....
1. A huge yard you do not enjoy as much as you used to. Are you are paying extra for the cost of watering and maintaining a yard you do not use? If you had a large family or kids that would use this large yard...
Home sales should be surging. The economy is booming and more people are earning good-sized paychecks again. Millennial's are starting to settle down and have children, so they need more space. And the crazy price gains of the last few years are beginning to slow down,...
Workin’ 9 to 5, What a way to make a livin’.” (Dolly Parton) These past weeks have shown more and more people working 9 to 5 and home loan rates didn’t like it. Even though this is good news for more people who are looking for work,...