Which Homes Have Appreciated the Most?

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
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Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year. The CoreLogic report
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Interest-rates

Instant Reaction: Today’s FOMC Meeting

Interest Rates
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Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to raise short-term rates for the first time in 2017: “Rising inflation will predominantly dictate the next monetary policy decision, but another short-term rate hike should be expected by the end of the summer. Right now, rents and
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A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
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The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. Historically, inventory must reach a 6-month
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Mortgage Interest Rates Went Up Again… Should I Wait to Buy?

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
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Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to get
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house-prices-up

Instant Reaction: February Jobs Report

Housing Market
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The following is NAR Chief Economist Lawrence Yun’s thoughts on this morning’s (3/10/17) U.S. Bureau of Labor Statistics’ February jobs report: “The boosts to business and consumer confidence over the past few months is evidently leading to faster hiring. The 235,000 net new job additions in February and 2.3 million over the past year will
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Spring Forward: The Difference An Hour Makes

First Time Home Buyers, For Buyers, Housing Market Updates, Investment Properties, Move-Up Buyers
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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 equity (meaning they are no longer underwater on
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