Browsing Posts In: Blog

How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC]

September 8, 2017 Posted by: Ryan Gibbons

Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a seller’s market! Nationally, there has not been a 6-months inventory supply since August […]

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America Needs Your House!!

September 7, 2017 Posted by: Ryan Gibbons

The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The underlying fundamental issue is an overwhelming lack of supply… The supply of […]

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Homeowners: Do You Know Your Home’s Value?

September 6, 2017 Posted by: Ryan Gibbons

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,  “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great news […]

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How Your Home’s Value Grows Your Family’s Wealth

September 5, 2017 Posted by: Ryan Gibbons

Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. […]

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14,904 Homes Sold Yesterday… Did Yours?

September 4, 2017 Posted by: Ryan Gibbons

There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly. After all, 14,904 houses sold yesterday, 14,904 will sell today, and […]

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Top 5 A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]

September 1, 2017 Posted by: Ryan Gibbons

Some Highlights: Hiring a real estate professional to buy your dream home, or sell your current house, is one of the most ‘educated’ decisions you can make! A real estate professional has the experience needed to help you through the entire process. Make sure that you hire someone who knows current market conditions & can simply […]

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Empty Nesters: Best to Remodel or Time to Sell?

August 31, 2017 Posted by: Ryan Gibbons

Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based on the record of dollars spent […]

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Number of Buyers Putting Down Less Than 10% Hits 7-Year High

August 30, 2017 Posted by: Ryan Gibbons

According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put […]

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Where Are Home Prices Heading in The Next 5 Years?

Posted by: Ryan Gibbons

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They […]

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Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750

August 28, 2017 Posted by: Ryan Gibbons

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because […]

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