For Buyers Archives - Page 7 of 9 - J.P. Cook

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

Existing Home Sales Reach Highest Mark Since 2007

March 4, 2017

For Buyers, For Sellers, Housing Market Updates

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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 this to say, “Much of the country saw robust

Where Did Americans Move in 2016?

March 3, 2017

For Buyers, For Sellers, Infographics

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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. What’s Your Home Worth? Search for

Mortgage Rates Impact on 2017 Home Values

March 2, 2017

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers

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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 Mac and the National Association of Realtors

Where Are the Home Prices Heading in the Next 5 Years?

February 27, 2017

For Buyers, For Sellers, Market Outlook, Pricing

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Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next

Are You 1 of the 59 Million Planning to Buy This Year?

February 22, 2017

Buying A Home, First Time Home Buyers, For Buyers, Move-Up Buyers

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According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017. The survey also revealed 3 key takeaways: Those most likely to buy are ‘Older

US Housing Market Shows Real Estate Investments are Sound

February 22, 2017

Buying A Home, First Time Home Buyers, For Buyers, Move-Up Buyers

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According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is it better

5 Reasons to Love Using A RE Pro

February 21, 2017

For Buyers, For Sellers, Real Estate Tips

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Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with paperwork, explaining the process, negotiations, and helping you with pricing (both when making an offer or setting the

The Impact of Homeownership on Educational Achievement

February 20, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

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The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the

Do You Know the Real Cost of Renting vs. Buying?

February 17, 2017

Buying A Home, First Time Home Buyers, For Buyers, Move-Up Buyers

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Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. Before you renew your lease again, find