Next Recession in 2020? What Will Be the Impact?

2018-06-28T21:36:11+00:00 June 28th, 2018|For Buyers, For Sellers, Pricing|

Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the [...]

What’s the Median Home Value in Your State?

2018-06-27T21:27:07+00:00 June 27th, 2018|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located. In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates [...]

Homes are More Affordable in 44 out of 50 States

2018-06-21T19:57:59+00:00 June 21st, 2018|First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing|

With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are in much better shape than [...]

Will Home Prices Fall as Mortgage Rates Rise?

2018-05-31T14:42:53+00:00 May 31st, 2018|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry [...]

What If I Wait Until Next Year to Buy a Home?

2018-05-08T06:59:54+00:00 May 8th, 2018|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, [...]

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

2018-05-04T06:09:29+00:00 May 4th, 2018|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|

With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why: Home Prices Mortgage Standards Mortgage Debt [...]

Why Home Prices Are Increasing

2018-05-01T05:02:18+00:00 May 1st, 2018|First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing|

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak [...]