Housing Market Fall 2018 – Every Hour [INFOGRAPHIC]
Every Hour in the US Housing Market:
596 Homes Sell
278 Homes Regain Positive Equity
Median Home Values Go Up $1.20
#Housing Market
Think You Need 15-20% Down to Buy a Home? Think Again!
According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]
Will Home Prices Continue to Increase?
There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there […]
Home Sales Will Increase in 2019
Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase […]
What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]
Some Highlights:
The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West.
The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purc…
Demand for Homes Continues to Climb
Across the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market. According to the National Association of Realtors (NAR), the inventory of homes for […]
Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC]
Some Highlights:
According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million.
This is the strongest pace since November of 2017.
Inventory levels dropped ye…
A Tale of Two Markets [INFOGRAPHIC]
Some Highlights:
- A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices!
- Inventory continues to rise in the luxury & premium home markets which is causing prices to cool.
- Demand continues to rise with low inventory in the starter & trade-up home markets, causing prices to rise!