Be Careful Not to Get Caught in The Rental Trap!
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped
A recent article by ConsumerAffairs ...
Posted by Agent Connect on July 31, 2017 in For Buyers
Buyer Demand Continues Outpacing the Supply of Homes for Sale
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market ...
Posted by Agent Connect on July 28, 2017 in For Buyers
Inventory Drops Again, Sales Slow
Existing Home Sales are now at an annual pace of 5.52 million.
Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines.
The median price of homes sold in June was $263,800. This ...
Posted by Agent Connect on July 27, 2017 in For Buyers
Americans Still Believe Real Estate is Best Long-Term Investment
According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment.
Bankrate asked Americans to answer the following ...
Posted by Agent Connect on July 26, 2017 in For Buyers
A ‘Buyer’ in Hand is Worth Two in the Bush
In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court.
And they would be right when it comes to choosing which offer to ...
Posted by Agent Connect on July 25, 2017 in For Sellers
Rising Home Prices Mean Great News for Homeowners
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for ...
Posted by Agent Connect on July 24, 2017 in For Sellers
U.S. Housing Inventory Hits a New Low… List Your House TODAY!
Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.
Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, ...
Posted by Agent Connect on July 21, 2017 in For Sellers
84% of Americans Believe Buying a Home is a Good Financial Decision
According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing ...
Posted by Agent Connect on July 19, 2017 in For Buyers
3 Tips to Succeed in Today’s Real Estate Market
In today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home.
The 3 tips we ...
Posted by Agent Connect on July 18, 2017 in For Buyers
Thinking of Selling? You Should Act NOW!
If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept ...
Posted by Agent Connect on July 17, 2017 in For Sellers
3 Questions to Ask Before You Buy Your Dream Home
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real ...
Posted by Agent Connect on July 14, 2017 in For Buyers
Home Buying Myths Slayed
Interest rates are still below historic numbers.
88% of property managers raised their rent in the last 12 months!
The credit score requirements for mortgage approval continue to fall.
Posted by Agent Connect on July 13, 2017 in For Buyers
The 5 Greatest Benefits of Homeownership
Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.”
Homeownership can help you build equity over time.Your monthly ...
Posted by Agent Connect on July 12, 2017 in For Buyers
Homeowners: Your Home Must Be Sold TWICE
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in ...
Posted by Agent Connect on July 11, 2017 in For Sellers
The High Impact of Low Interest Rates on Your Purchasing Power
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history!
The interest rate you secure when ...
Posted by Agent Connect on July 10, 2017 in For Buyers
5 Reasons Why You Should Not For Sale By Owner!
In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a ...
Posted by Agent Connect on July 7, 2017 in For Sellers
Median Days on the Market Drops to 27!
The National Association of REALTORS® surveyed their members for their monthly Confidence Index.
The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 ...
Posted by Agent Connect on July 6, 2017 in For Buyers
Epic Housing Shortage Being Reported
The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.
The first two ...
Posted by Agent Connect on July 5, 2017 in For Sellers
Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate
Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about ...
Posted by Agent Connect on July 4, 2017 in For Buyers