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Are Current Home Sales Sustaiable
Is the Current Pace of Home Sales Sustainable?
There are some experts questioning whether the current pace of home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real...
Homes selling quickly
Homes are Selling Fast Across the Country [INFOGRAPHIC]
Some Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market...
20170427-Share-STM
Your Tax Return: Bring it Home
This time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question - “What do you plan on doing with your tax...
Why You Should Buy Now
Real Estate Mogul: Here’s Why You Should Buy
Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy now? Or should you rent a house? Conlon responded: “I am a true believer that you save every penny and you buy your first house… and that is still the...
20170425-Share-STM
3 Charts That Shout, ‘List Your Home Today!’
In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably...
20170424-Share-STM
How Fast Can You Save for a Down Payment?
Saving for a down payment is often the biggest hurdle for a first-time home buyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how fast it would take you to save for a down payment in each...
Slaying Myths About Buying A Home
Slaying Home Buying Myths [INFOGRAPHIC]
Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall.
Tax Return Depressing
Tax Return Depressing? Owning a Home Could Help
  Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own...
American Dream
Measuring Your Ability to Achieve the American Dream
  Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment...
Money Saving Offer
US Housing Market Continues the Move into ‘Buy Territory’!
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...
Thinking About Selling
Thinking about Selling? Now Is the Time to Act
If you are thinking about selling your house this year, now may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the...
Your First Home
Is Your First Home Within Your Grasp? [INFOGRAPHIC]
Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is...
Home Mortgages
Home Mortgages: Rates Up, Requirements Easing
The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the  mortgage market is that requirements to get a home mortgage have eased while rates have risen. The...
Flocking To Low Down Payment Programs
Millennials Flock to Low Down Payment Programs
A recent report released by Down Payment Resource shows that 65% of first-time home buyers purchased their homes with a down payment of 6% or less in the month of January. The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%,...
Rent Trap
Careful…Don’t Get Caught in the Rental Trap!
There are many benefits to home ownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low...