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Infographics

Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC]

Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
  • The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
  • NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”

3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC]

3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC] | Simplifying The Market 3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC] | Simplifying The Market  

Some Highlights:

  • Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.”
  • Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it.
  • Living within a budget will not only help you save money for down payments but will help you pay down other debts that might be holding you back.

Median Days on the Market Drops to 34! [INFOGRAPHIC]

Median Days on the Market Drops to 34! [INFOGRAPHIC] | Simplifying The Market Median Days on the Market Drops to 34! [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The National Association of REALTORS® surveyed their members for their 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 conditions.
  • Homes sold in less than 60 days in 44 out of 50 states, and Washington D.C.
  • Homes typically went under contract in 34 days in October!

Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]

Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC] | Simplifying the Market

Some Highlights:

  • The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
  • Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
  • NAR’s Chief Economist, Lawrence Yun, had this to say: “While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”

Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC]

[caption id="" align="alignnone" width="648"]Top 4 Home Renovations Top 4 Home Renovations[/caption] Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).
  • While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.
Are you thinking of selling and don't know what renovations make the most sense in your circumstance

VA Loans [INFOGRAPHIC]

VA Loans [INFOGRAPHIC]

Some Highlights of VA Loans:

  • Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership.
  • So far in 2017, $188 billion has been loaned to veterans and their families through the program.
  • VA Loans are on the rise in 46 out of 50 states and Washington, DC.

Buying a Home Can Be Scary [INFOGRAPHIC]

Buying a Home Can Be Scary... Unless You Know the Facts [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify for buying a home, which stops many of them from even trying! Here are some facts:
  • 40% of millennials who purchased homes this year have put down less than 10%.
  • 76.4% of loan applications were approved last month.
  • The average credit score of approved loans was 724 in September.
If you think buying a home can be scary, that's OK and perfectly normal!  Call me today and I'll un-scare things for you!

Renting vs. Buying a Home [INFOGRAPHIC]

The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market The Cost of Renting vs. Buying a Home [INFOGRAPHIC] | Simplifying The Market

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%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!