Spring Forward: The Difference An Hour Makes [INFOGRAPHIC] Some Highlights: Don’t forget to set your clocks forward this Sunday, March 12th at 2:00 AM EST in observance of Daylight Savings Time. Unless of course, you are a resident of Arizona or Hawaii! Every hour in the United States: 649 homes are sold, 177 homes regain […]
Home Builder Confidence Is Up For 2017
Builder Confidence Hits 11-Year High In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage. According […]
Homeowners In Modesto Should Take Advantage Of The Market And Spring Forward Now
Housing Market Expected to “Spring Forward” Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that […]
Is It Time To Build Equity In Modesto?
The Connection Between Home Prices & Family Wealth Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple […]
Great Time For Homeowners In The Modesto Area To Sell
Thinking of Selling? Do it TODAY!! That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The February numbers are not in yet, but the January numbers […]
Consider Modesto and The Central Valley Has Great Year Round Weather.
Where Did Americans Move in 2016? Some Highlights: For the 5th year in a row, the Northeast saw a concentration of “High Outbound” activity. For the first time ever, South Dakota held the top spot for “High Inbound” states. Much of America’s outbound activity can be attributed to Boomers relocating to warmer climates after retiring.
Will Home Prices Be Affected By Interest Rates In The Central Valley?
Mortgage Rates Impact on 2017 Home Values There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie […]
Be Informed When Planning On Buying A Home, Not Surprised
Over Half of All Buyers Are Surprised by Closing Costs According to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required […]
Have You Been In Your House Too Long?
How Long Do Most Families Stay in Their Home? The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly […]
Home Values Up Year-Over-Year Price Gains
Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC] Highlights: Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million. January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900. NAR’s Chief Economist, Lawrence Yun had […]