Article by: Simplifying the Market™Originally Published: February 21, 2020, 11:00 am Some Highlights: With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time. According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low. The impact […]
The #1 Misconception in the Homebuying Process
Article by: Simplifying the Market™Originally Published: February 20, 2020, 11:00 amAfter over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article: “A year ago, a combination of a government shutdown, stock market slump and mortgage rate […]
How Buyers Can Win By Downsizing in 2020
Article by: Simplifying the Market™Originally Published: January 22, 2020, 11:00 amHome values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home. Here’s some more good news: […]
Forget the Price of the Home. The Cost is What Matters.
Article by: Simplifying the Market™Originally Published: November 7, 2019, 11:00 amHome buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for […]
How to Determine If You Can Afford to Buy a Home
Article by: Simplifying the Market™Originally Published: October 30, 2019, 10:00 amThe gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability […]
Home Prices Increase in Every Price Range
Article by: Simplifying the Market™Originally Published: September 17, 2019, 10:00 amPrice appreciation can differ depending on your price range. CoreLogic analyzed four individual home prices tiers and shares the increase in each one. CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to […]
Experts Predict a Strong Housing Market for the Rest of 2019
Article by: Simplifying the Market™Originally Published: August 26, 2019, 10:00 amWe’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019. Here’s what some of the experts have to say: Ralph […]
3 Expert Insights On Inventory In The Current Market
Article by: Simplifying the Market™Originally Published: July 29, 2019, 10:00 amThe current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year. There is, however, one thing that may cause the industry to tap […]
3 Powerful Reasons to Buy a Home Now
Article by: Simplifying the Market™Originally Published: July 25, 2019, 10:00 amWhether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today. 1. Affordability Many people focus solely on price when talking about […]
Mid-Year Housing Market Update: Three Things to Know Today
Article by: Simplifying the Market™Originally Published: July 24, 2019, 10:00 amShifting trends and industry-leading research are pointing toward some valuable projections about the status of the housing market for the rest of the year. If you’re thinking of buying or selling, or if you just want to know what experts are saying is on the […]
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