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Real Estate

How Does the Supply of Homes for Sale Impact Buyer Demand?

The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Buyer Demand The […]

Real Estate

Together, Homebuyers Who Bought at the Bottom of the Market in 2012 Have Earned $203 Billion in Equity

People who bought a home the year prices bottomed out have earned a median $141,000 or 261% in home equity. Homeowners in Tacoma, Washington and Virginia Beach saw the biggest percent increases in home equity since 2012. People who purchased homes in 2012, the year prices reached their lowest point following the Great Recession, have […]

Real Estate

Homeowners Are Happy! Renters? Not So Much.

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% […]

Real Estate

Survey: 38% of Homebuyers and Sellers Are Hesitant to Move to a Place Where They’d Be in the Political Minority

A smaller share—22%—would be hesitant about moving to a place where they’d be in the racial minority.  The share of homebuyers and sellers who would be hesitant about moving to an area where most residents have differing political views from their own is slowly shrinking, down to 38 percent this year from 41 percent in […]

Real Estate

4 Reasons to Sell This Fall [INFOGRAPHIC]

Some Highlights: Buyers are active in the market and often competing with one another for available listings. Housing inventory is still under the 6-month supply found in a normal housing market. Homes are still selling relatively quickly, averaging 31 days on the market. The post 4 Reasons to Sell This Fall [INFOGRAPHIC] appeared first on […]

Real Estate

What Buyers Need to Know About HOAs

When searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how an HOA works and what they mean for you. According to a recent article on realtor.com, “In a nutshell, an HOA helps ensure that your community looks […]

Real Estate

Home Prices Increase in Every Price Range

CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also analyzed four individual home-price tiers, showing the increase in each. Here’s the breakdown: To clarify the methodology, CoreLogic explains, “The four price tiers […]

Real Estate

Millennial Buying Power Poised to Boost Homeownership

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article continues to describe how millennials have more buying-power than the generations that preceded them, making […]