peter@mytrianglehome.com Blog

Why We Need More Newly Constructed Homes The number of new home sales is far off historic norms. The National Association of Realtors(NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showi...

Strong Buyer Demand Continues to Outpace Inventory of Homes for Sale The price of any item is determined by the supply of that item, as well as the market demand.The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, pric...

Lack of Existing Home Sales Inventory Impacting Sales  Some Highlights: Existing home inventory is down 10.1% from last year. A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand. Existing home prices increased 5.1% year-over-year, which...

Don’t Underestimate the Importance of Using an Agent When Selling Your Home When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home ...

US Housing Market Moving Further into ‘Buy Territory’ According to the latest 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...

Interest Rates Remain at Historic Lows… But for How Long? The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deci...

Home Prices Up 5.61% Across The Country! Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to an...

New Construction Numbers: Now Versus 2005 There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today: “The ha...

Is the Current Pace of Home Sales Sustainable? There are some experts questioning whether the current pace of residential 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 se...

The Housing Market is Doing Just Fine There are some that think that housing affordability is a challenge. Historically, that’s not true. Others think that home prices are approaching bubble values. If we look back over the last sixteen years, that is also not the case. As a matter of fact, the n...