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Buying Is Now 33.1% Cheaper Than Renting

By Glen Hagen | June 19, 2017

Buying Is Now 33.1% Cheaper Than Renting in the US | Simplifying The MarketThe results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all […]

Do You Know How Much Equity You Have in Your Home?

By Glen Hagen | June 20, 2017

Do You Know How Much Equity You Have in Your Home? | Simplifying The MarketCoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s Chief Economist, explains: “One million borrowers achieved positive equity over the last year, […]

The Supply & Demand Problem Plaguing New Construction

By Glen Hagen | June 21, 2017

The Supply & Demand Problem Plaguing New Construction | Simplifying The MarketMany real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while also helping to ease price increases throughout the country. […]

retirement planning

The Importance of Home Equity in Retirement Planning

By Glen Hagen | June 22, 2017

The Importance of Home Equity in Retirement Planning | Simplifying The MarketWe often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can […]

The Cost of Renting vs. Buying in the US [INFOGRAPHIC]

By Glen Hagen | June 24, 2017

Some Highlights:

Historically, the choice between renting or buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%)…

Coram Home For Sale

By Glen Hagen | June 25, 2017

This Coram home for sale is offered at $425,000.  It is located on a 1/3 acre corner property situated on a quiet cul-de-sac.  This brick colonial, built in 1999, has 4 bedrooms, 2-1/2 baths and comes equipped with a granite and SS kitchen.  Add a full finished basement with a separate outside entrance and you…

2 Myths Holding Back Home Buyers

By Glen Hagen | June 26, 2017

2 Myths Holding Back Home Buyers | Simplifying The MarketIn Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to qualify for a […]

Pre-Approval Should Always Be Your First Step

By Glen Hagen | June 27, 2017

Pre-Approval Should Always Be Your First Step | Simplifying The MarketIn many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for […]

Buyer’s Market Helps Premium Home Sales Soar

By Glen Hagen | June 28, 2017

Buyer's Market Helps Premium Home Sales Soar | Simplifying The MarketWe previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat, […]

75% of Homeowners Think Now is a Good Time to Sell!

By Glen Hagen | June 29, 2017

75% of Homeowners Think Now is a Good Time to Sell! | Simplifying The MarketThe National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy or sell a home, the perception of home price changes, perceived ability to qualify for a mortgage, and [an] outlook on […]