After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article:
A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated...
A desire among many seniors is to age in place. According to the Senior Resource Guide, the term means,
…that you will be remaining in your own home for the later years of your life; not moving into a smaller home, assisted living, or a retirement community etcetera.
There is no doubt about it – there's a comfort in staying in a home you've lived in for many years instead of moving to a totally new or unfamiliar environment. There is, however, new information that suggests this might...
When the number of buyers in the housing market outnumbers the number of homes for sale, it's called a seller's market. The advantage tips toward the seller as low inventory heats up the competition among those searching for a place to call their own. This can create multiple offer scenarios and bidding wars, making it tough for buyers to land...
We're currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020). The same study done just three months ago showed more than one third of the economists still saw an economic slowdown right around the corner.
The news caused concern among consumers....
If you're following what's happening in the current housing market, you've seen how the lack of newly constructed homes is a major reason there's a shortage of housing inventory available to today's buyers. Another reason is that the inventory of existing homes for sale is shrinking. According to the most recent Existing Home Sales Report from the National Association...
If one of the questions you're asking yourself today is, Should I sell my house this year? the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as...
In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 2019.
The results revealed,
...
For anyone who’s been searching for that perfect, unadulterated Eichler showpiece home with many of its original mid-century details in tact, then 4007 Salem St. may just be the perfect fit. Set in the Rancho de los Santos neighborhood of Concord, modern enthusiasts will appreciate the home’s full-height glass walls allowing for a seamless indoor/outdoor lifestyle, the globe lighting and in-floor radiant heating, updated VCT flooring, mahogany wood walls, stained tongue and groove ceilings, along...
The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains:
Last month saw the largest year-over-year decline...
There's a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years.
It's not, however, just the price of a home that matters.
Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have fallen by over a full percentage point since December 2018. Another major piece of the affordability equation is a buyer's income. The median family income has risen by approximately 3% over the last year.
The National Association of Realtors...
