The National Association of Realtors’ most recent Existing Home Sales Report revealed 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 (-10.1%). The decline in this price range points to...
Some Highlights:According to NAR's Profile of Home Buyers & Sellers: 88% of buyers look for their new home online Using a real estate agent can net you 13% more than FSBO'ing There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experience...
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After the housing market bust we experienced across the country in 2008, many experts have been quick to warn that a new bubble may be forming in some areas of the country.The quickest and easiest way to show how far we’ve come and how far we still need to go in regards to the ‘Peak’ is to share ...
The inaugural Opportunity Cost Report was released recently by The report explained that “with interest rates and home prices expected to climb in the next year, the financial penalties of delaying or forgoing a home purchase in today's market have become very steep”.The report estim...
The Federal Reserve Bank of New York recently released the 2015 SCE Housing Survey. The survey revealed that most current renters would prefer owning and that 61.9% of them plan to buy a home within the next five years.68.3% stated they would prefer owning (with 45.6% saying they ‘strongly’ prefe...
One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year. Over the last two months, rates have begun to creep up (see chart).Though we don’t like to project rates moving forward, we do want you and your family to have the inf...
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People often ask whether they should buy a home now or wait. Recently released data suggests that waiting may not make sense as prices seem to again be on the rise. Let’s take a look at some of the data and commentary on the subject:Ed Stansfield, chief property economist at Capital Economics:“Th...

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