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ARCHIVED BLOG POSTS

2018 

How Supply and Demand Impacts Real Estate ValuesAugust 29th, 2018The price of any item is determined by the supply of that item, as well as the demand for that item in its market. The same is true in real estate. As the inventory of homes available for sale shrinks, and the demand that buyers hav...
08/31/2018
In the past, you've likely read about how the Millennial generation is opting to rent rather than buy property. While this still holds true for many Millennials, the fact is that a growing number of this generation is making the leap into buying.In fact, according to Inc., Millennials today repre...
08/31/2018
What are some of the most important factors that buyers take into consideration when looking for a new home? There are the obvious things like price, square footage, location and lot size. Those are the basics. Other things that are often weighed are garage size, how updated the kitchen and baths...
08/31/2018
The housing market has been trending in a positive direction and economic indicators point to new home construction going vertical.Following the housing bubble and sluggish post-recession economy, construction companies largely turned their attention away from new homes. Diminished values, high r...
08/29/2018
Last week's economic readings included reports on sales of new and previously-owned homes, and weekly reports on mortgage rates and first-time jobless claims.Sales of New and Pre-owned Homes Falter in JulyHome sales were lower in July, with new and pre-owned home sales falling short of projection...
08/27/2018
Last week's economic reports included readings from the National Association of Home Builders and Commerce Department releases on Housing Starts and Building Permits issued. Weekly readings on mortgage rates and first-time jobless claims were released, along with a monthly report on consumer sent...
08/20/2018
Last week's economic reports included readings on job openings and inflation along with weekly readings on mortgage rates and new jobless claims.Job Openings Hit Third Highest Reading on RecordJob openings held steady at 6.70 million in June, which was the third highest reading since reporting st...
08/13/2018
Positive economic growth numbers are always cause for celebration and the second quarter GDP just went vertical. After nearly four years of sub-par growth, the real GDP hit 4.1 percent in the second quarter.While that economic news has everyday Americans excited that we may be entering a new age ...
08/10/2018
Last week's economic reports included readings from Case-Shiller, Commerce Department reports on pending home sales and construction spending and an FOMC statement. Labor sector reports on job creation and the national unemployment rate were released along with the monthly Consumer Confidence Ind...
08/06/2018
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Bob Elliot

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