ARCHIVED BLOG POSTS
2019
Shutterstock The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Con...
09/30/2019
Aschen/iStock; realtor.comThings may still be pretty toasty across most of the United States, but now that the sun has crossed the celestial equator, autumn’s briskness is sure to enter into full swing soon. So what better time to decorate your outdoor space for chilly nights by a fire, or cozy a...
09/28/2019
Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020. CoreLogic predicts home prices will appreciate by 5.4% o...
09/27/2019
Photo: Yahoo FinanceEvery year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when to arrive at each store, and capturing a wish list of discounted must-have items to purchase....
09/25/2019
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Photo: bergensrepairsWith the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents are finding themselves as empty nesters for the first time. The question inev...
09/24/2019
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Some Highlights: Buyers are active in the market and often competing with one another for available listings. Housing inventory is still under the 6-month supply found in a normal housing market. Homes are still selling relatively quickly, averaging 31 days on the market. We hope you found this i...
09/20/2019
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Photo: AbodoOne of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of ...
09/19/2019
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By Matthew C. Klein – Barron’sPhoto: Washington ExaminerMarket prices currently imply a 90% chance the Federal Reserve will reduce short-term interest rates by a quarter-point to a range of 1.75%-2.0% when policy makers meet this week. Such a move would be consistent with the Fed’s “midcycle adju...
09/18/2019
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thewyatt.comWhen searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how an HOA works and what they mean for you.According to a recent article on realtor.com,“In a nutshell, an HOA helps ensure that y...
09/18/2019
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ShutterstockCoreLogic’s Home Price Index (HPI) Report revealed,“National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.”They also analyzed four individual home-price tiers, showing the increase in each.Here’s the breakdown:To ...
09/17/2019