Home Sales Up Year-Over-Year

Some Highlights This is the 48th consecutive month with year-over-year price gains. Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.” Inventory is still below historic norms at a 4.4 month supply. The best time to purchase that dream home is now. Check out these amazing properties you’re just going to love.

... Read More
Vacation Home Sales Reach 2nd Highest Mark Since 2006
Real Estate: 2016 Will Be the Best Year in a Decade

A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.” Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Housing Outlook Report, Freddie Mac explained: “Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach […]

... Read More
The Equity Boom Might Be Making You Money

Have you ever checked out your bank account online only to discover you’re $50,000 richer than you were yesterday? That may sound like the sort of thing that happens only in fairy tales and lottery advertisements, but it’s happening right now to millions of homeowners across the nation. How does it happen? Homeowner equity is the largest source of wealth for many Americans, and as I speak, an equity boom is underway, raising homes values over the past three years as prices recover from the housing crash.The evidence suggests we’re […]

... Read More
The New Math on Reverse Mortgages

The reverse mortgage has won some new respect. A decade ago, most financial advisers would roll their eyes at the mention of reverse mortgages, loans that give homeowners an advance on their home equity and allow them to delay repayment until the home is sold. Such products, these advisers used to say, weren’t for their clients, but rather for those who didn’t prepare financially for retirement. One important change, the Reverse Mortgage Stabilization Act of 2013, prevents homeowners in most cases from taking all their equity at once—roughly 40% of […]

... Read More
5 Factors to Weigh When Deciding What Size House to Buy

When deciding what size house you and your family need, you need to evaluate a number of factors. Most people lean toward the larger homes, but it is important to weigh the pros and cons of each option. 1. What are my long-term needs? The first step is to determine how long you plan to live in your home. Then you need to evaluate your size needs over that time period. For instance, do you plan to live in the home for at least 10 years and have three children? Or […]

... Read More
Harvard: Why Owning A Home Makes Sense Financially

We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership in his paper –The Dream Lives On: the Future of Homeownership in America. Here are the five reasons, each followed by an excerpt from the study:  1.) Housing is typically the one leveraged investment available. “Few households are interested in borrowing money to buy […]

... Read More

Posted In: Buyers, Uncategorized