News
Are Homeowners Renovating to Sell or to Stay? November 16, 2018

Over the past few years, two trends have emerged in the housing market:

VA Home Loans by the Numbers November 2018 November 16, 2018

VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC.

75% of Renters Have Been Misinformed November 16, 2018

Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home.

5 Tips When Buying a Newly Constructed Home November 16, 2018

To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering new construction:

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner November 16, 2018

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional.

Changes in Luxury Real Estate Often Are a Sign of What's to Come for Rest of the Market November 13, 2018

The high-end sector is somewhat insulated, but still reacts to changes in the stock market, tax code, and more

Buying a Home Can Be Scary… November 09, 2018

Until You Know the Facts. Read more.

Housing Market Breathes Post-Election Sigh of Relief November 09, 2018

A split Congress will add a dose of stability amid already strong economic fundamentals

Where are Home Values Headed over the Next Few Years? November 08, 2018

There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions:

Still Think You Need 15-20% Down to Buy a Home? Think Again! November 07, 2018

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!

Housing Is Still Affordable in the United States! November 06, 2018

Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.”

Will Home Prices Continue to Increase? November 05, 2018

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 seems to be no shortage of opinion.

U.S. Housing Demand Cooled in September November 02, 2018

U.S. consumers showed less enthusiasm in viewing homes on the market and making offers in September, according to a Redfin report released Tuesday.

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate? October 31, 2018

In a recent article, National Housing Inventory Crisis Reaches Inflection Pointrealtor.com reported that:

  1. New listings jumped 8% year-over-year nationally, the largest increase since 2013
  2. Total listings in the 45 largest markets are now up 6% on average over last year
5 Tips for Starting Your Home Search October 31, 2018

In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared.

Baby Boomers are Downsizing, Are You Ready to Move? October 29, 2018

For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame?

Pre-Approval: Your 1st Step in Buying a Home October 25, 2018

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Buying a Home? Do You Know the Lingo? October 24, 2018

Buying a home can be intimidating if you are not familiar with the terms used during the process.

Dispelling the Myth About Home Affordability October 24, 2018

We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last 11 years?

New Home Sales Up 12.7% From Last Year October 22, 2018

According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).

U.S. Million-Dollar Home Sales Surge in September October 19, 2018

Unlike the mainstream market, luxury buyers are less affected by rising interest rates

Buying a Home is Cheaper than Renting in 38 States! October 17, 2018

According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country.

Are We About to Enter a Buyers’ Market? October 16, 2018

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling October 15, 2018

When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with interest rates & inventory.

Mortgage Interest Rates are Still Going Up… Should You Wait to Buy? October 12, 2018

Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year.

How Does the Supply of Homes for Sale Impact Buyer Demand? October 12, 2018

The price of any item is determined by the supply of that item, as well as the market’s demand for it. 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 Confidence Index.

Mortgage rates jump past 5%, signaling more home price cuts ahead October 10, 2018

The average rate on the 30-year fixed sat just below 4 percent a year ago, after dropping below 3.5 percent in 2016. It just crossed the 5 percent mark, according to Mortgage News Daily.

Should I Buy Now? Or Wait Until Next Year? October 10, 2018

The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.

Are Home Prices Softening or Are They Falling? October 09, 2018

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values.

The Cost of NOT Paying PMI October 08, 2018

Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live.

Where Are Mortgage Interest Rates Headed In 2019? October 05, 2018

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

4 Reasons to Sell Fall 2018 October 04, 2018

Perhaps the time has come for you and your family to move on and start living the life you desire.

How Much Has Your Home Increased in Value? October 03, 2018

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year.

Is the Real Estate Market Finally Getting Back to Normal? October 02, 2018

The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey:

25% of Homes with a Mortgage are Now Equity Rich! October 01, 2018

Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position.

Home Prices: The Difference 5 Years Makes September 28, 2018

CoreLogic recently released their Home Price Index ReportOne of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared.

If You Are Thinking of Selling? You Must Act NOW! September 27, 2018

If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing.

Is Buying a Home Really More Stressful Than Planning a Wedding? September 26, 2018

What does the poll results say?  

Are Homebuyers Starting to Hit the ‘Pause’ Button? September 25, 2018

For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012.

Home Prices Have Appreciated 6.9% in 2018 September 24, 2018

Every month, the economists at CoreLogic release the results of their Home Price Insights Report,which includes the actual year-over-year change in prices across the country and their predictions for the following year.

What Does the Future Hold for Home Prices? September 21, 2018

Let’s try to answer these questions based on what has happened in the past as well as what we know about the current real estate market.

NAR Reports Show It’s A Great Time to Sell! September 20, 2018

Let’s look at the data covered in the latest Pending Home Sales Report and Existing Home Sales Report.

4 Reasons Why Fall Is A Great Time to Buy A Home! September 19, 2018

Here are four great reasons to consider buying a home today instead of waiting.

Home Prices Up 6.49% Across the Country! September 18, 2018

The Federal Housing Finance Agency (FHFA) recently released their latest quarterly Home Price Index report.

Trump Tariffs Have Hit U.S. Home Builders Hard, But Luxury Market is Mostly Unscathed September 11, 2018

Developers of high-end homes tweak designs in response to soaring steel, aluminum costs

Why are Existing Home Sales Down? September 10, 2018

The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is down, and wages are beginning to rise. This begs the question: “Where are the buyers?”

Top 3 Myths About Today’s Real Estate Market September 07, 2018

There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a mortgage.

Home Sales Expected to Continue Increasing in 2019 September 06, 2018

Freddie MacFannie 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.

What Does the Recent Rash of Price Reductions Mean to the Real Estate September 04, 2018

Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:

Having Trouble Saving Enough for Your Down Payment? Crowdfund It! August 31, 2018

You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home.

5 Real Estate Reality TV Myths Explained August 30, 2018

When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.

The Net Worth of a Homeowner is 44x Greater Than A Renter! August 29, 2018

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.

The Cost of Waiting: Interest Rates Edition Aug 2018 August 28, 2018

The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be

Housing Market: Another Gigantic Difference Between 2008 and 2018 August 27, 2018

Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis.

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School District August 24, 2018

It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries.

Have You Outgrown Your Starter Home? August 23, 2018

For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment.

Are You Thinking of Selling Your Home? Competition Is Coming! August 22, 2018

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May.

Existing Home Sales Cooling Off This Summer August 21, 2018

Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market.

Supply & Demand Will Determine Future Home Values August 20, 2018

Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy.

The Wave of Millennial Homebuyers Continues to Swell August 17, 2018

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.

Luxury Homes in the U.S. Sold Faster Than Ever in Second Quarter August 15, 2018

High-end real estate buyers in the U.S. weren’t wasting any time in the second quarter, snapping up luxury homes faster than ever, according to a report Monday from Redfin.

Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner! August 15, 2018

In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.” 

Home Buying Myths Slayed [INFOGRAPHIC] August 14, 2018

The average down payment for first-time homebuyers is only 6%!

Are Lending Standards Propping Up Home Prices? August 14, 2018

With home prices again appreciating at percentages well above historic norms, many are wondering whether the market is again becoming “frothy.” Mortgage standards are much stricter now, however, than they were in 2005.

AMERICA'S BACK TO PEAK HOUSING PRICES. NOW WHAT? August 09, 2018

Home prices have been rising across the nation, in some places by a factor of three times the rate of inflation. The market looks similar to 2006, just before the housing crash, says CityLab writer Kriston Capps. Though, Capps says there are key differences between the housing peak in 2006 and the housing peak today. He explains:

Homeowners Raise the Bar on ‘Poolscapes’ August 08, 2018

As swimming areas become status symbols, features get more jaw-dropping

The #1 Reason to Put Your House on The Market TODAY! August 08, 2018

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true.

Americans Rank Real Estate Best Investment for 5 Years Running! August 07, 2018

Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!

4 Reasons Why We Are Not Heading Toward Another Housing Bubble August 06, 2018

With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago.

Will Your Current House Fit Your Needs in Retirement? August 03, 2018

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.

Selling Your Home? Here’s 2 Ways to Get the Best Price! August 02, 2018

Every homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house?

Lack of Listings Slowing Down the Market August 01, 2018

As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There is no doubt that the housing market will continue to strengthen throughout 2018.

What You Need to Know About the Mortgage Process July 31, 2018

You may already qualify for a loan, even if you don’t have perfect credit.

Housing Will Not Fall Victim to Next Economic Storm July 30, 2018

Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market?

Demand for Homes to Buy Continues to Climb July 27, 2018

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.

4 REAL Reasons Why We Buy A Home! July 26, 2018

We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones.

First-Time Home Buyers Continue to Put Down Less Than 6%! July 25, 2018

According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.

Want to Sell Your House Faster? Don’t Forget to Stage! July 24, 2018

The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.

House-Buying Power at Near-Historic Levels July 23, 2018

We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” is at “near-historic levels.”

Rising Interest Rates Have Not Dampened Demand July 20, 2018

Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment.

How Long Do Most Families Live in a House? July 19, 2018

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving.

The #1 Reason to List Your House for Sale NOW! July 18, 2018

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!

Cost Across Time [INFOGRAPHIC] July 17, 2018

With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.

Homes More Affordable Today than 1985-2000 July 16, 2018

Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home.

Sales of Luxury Homes Across the U.S. Up 25% in June July 13, 2018

Demand for luxury real estate skyrocketed in June, as sales of homes valued at $1 million and up rose 25% compared to the same time last year, according to Realtor.com’s luxury home index released Thursday.

11 GREY BATHROOMS FOR EVERY DESIGN STYLE July 12, 2018

Fulfill your monochromatic dreams with these stunning grey bathrooms.

ARE THESE VINTAGE KITCHEN DESIGN TRENDS MAKING A COMEBACK? July 11, 2018

Sleek modern designs are popular in today's homes, but elements of vintage and retro designs are creeping back in to kitchens.

5 Reasons Millennials Choose to Buy a Home July 10, 2018

“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”

Next Recession in 2020? What Will Be the Impact? July 09, 2018

Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. 

Are You Wondering If You Can Buy Your First Home? July 05, 2018

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and still, some others might think their current incomes would never enable them to qualify for a mortgage.

You DO NOT Need 20% Down to Buy Your Home NOW! July 03, 2018

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.

TIPS FOR CREATING A 'MASCULINE' BATHROOM July 02, 2018

Bathroom design trends this year are leaning heavily into rose gold, vintage vibes and pastel colors. But those don’t have to be the only trends. If you're looking for something with more of a male gaze in mind, there are plenty of stylish and masculine ways to decorate a bathroom.

Homes are More Affordable in 44 out of 50 States June 29, 2018

With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are in much better shape than most believe.

3 Issues Facing Today’s Real Estate Market June 28, 2018

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners. 

Top 5 Reasons You Shouldn’t FSBO Summer 2018 June 27, 2018

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

How A Lack of Inventory Impacts the Housing Market June 26, 2018

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018.

Top 4 Home Renovations for Max ROI June 25, 2018

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 projectswill net you the most Return On Investment (ROI).

Are Lending Standards Too Loose…or Too Tight? June 22, 2018

With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit.

Parents Say Kids’ Opinions Matter Big When Buying a Home June 21, 2018

A recent survey conducted by Harris Poll and released by SunTrust Mortgage found that “55% of homeowners with a child under the age of 18 at the time when they purchased their home said that the opinion of their offspring played a major role in their home buying decision.”

When Is a Good Time to Rent? Not Now! June 20, 2018

People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain that everyone understands that now is NOT a good time to rent.

Days on The Market Drops to New Low in April June 19, 2018

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month.

The Cost of Renting vs. Buying June 18, 2018

Historically, the choice between renting or buying a home has been a tough decision.

Did Tax Reform Kill the Luxury Market? June 15, 2018

The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative impact on the luxury housing market.

Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years June 14, 2018

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal.

4 Steps to Follow When Presenting an Offer in Today’s Market! June 13, 2018

So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a great offer so that you can guarantee that your dream of making this house yours comes true!

4 Reasons Why Summer Is a Great Time to Buy a Home June 12, 2018

Here are four great reasons to consider buying a home today instead of waiting.

Top Reasons to Own Your Home June 11, 2018

Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial.

Will Home Prices Fall as Mortgage Rates Rise? June 07, 2018

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate.

Millennials Are Skipping Starter Homes for Their Dream Homes June 06, 2018

A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes.

5 Reasons Why to Sell This Summer! June 05, 2018

Here are five reasons listing your home for sale this summer makes sense.

The Cost of Renting vs. Buying Today June 04, 2018

Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.

Selling Your House on Your Own Could Cost You June 01, 2018

In this extremely hot real estate market, some homeowners might consider selling their homes on their own which is known as a For Sale by Owner (FSBO). They rationalize that they don’t need a real estate agent and believe that they can save the fee for the services a real estate agent offers.

Why Have Interest Rates Jumped to a 7-Year High? May 31, 2018

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.

How Current Interest Rates Can Have a High Impact on Your Purchasing Power May 30, 2018

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history!

Don’t Wait to Sell Your House! Buyers Are Out Now May 29, 2018

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high.

Is Your First Home Within Your Grasp Now? [INFOGRAPHIC] May 25, 2018

According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32.

Moving Up to Your Dream Home? Don’t Wait! May 24, 2018

Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true.

Renters Under 50 Want to Buy a Home! May 23, 2018

Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing.

Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House” May 22, 2018

The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. 

3 Tips for Making Your Dream of Owning a Home a Reality [INFOGRAPHIC] May 21, 2018

What are you willing to cut back on to make your dreams of homeownership a reality?

5 Ways Tax Reform Has Impacted the 2018 Housing Market May 18, 2018

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. 

U.S. Luxury Prices Grow Faster Than Rest of the Market May 17, 2018

U.S. luxury home prices surged in the first quarter as short supply affected even the top of the market, according to a report Monday from Redfin.

Real Estate Tops Best Investment Poll for 5th Year Running May 17, 2018

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.

Home Inspections: What to Expect May 16, 2018

So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection.

What If I Wait Until Next Year to Buy a Home? May 15, 2018

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.

50% of Homes Sold in 30 Days in March May 14, 2018

The National Association of REALTORS® recently surveyed their members for their Confidence Index.

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again May 11, 2018

With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why:

This Just In: Data Says May is the Best Month to Sell Your Home May 10, 2018

According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home.

How Much Has Your Home Increased in Value Over the Last Year? May 09, 2018

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year.

Why Home Prices Are Increasing May 08, 2018

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (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 seems to be no shortage of opinion.

Existing Home Sales Grow Despite Low Inventory May 07, 2018

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.

“Short of a war or stock market crash…” May 04, 2018

This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way:

BATHROOMS SURPASS KITCHENS AS MOST POPULAR REMODELING PROJECT May 03, 2018

According to a new NAHB survey, bathrooms are now the most popular remodeling project, coinciding with growing preference for small scale renovations.

U.S. Home Prices Appreciate 7% in March to a 12-Year High May 02, 2018

A supply-and-demand imbalance across the U.S. pushed home prices up 7% year-over-year in March, their highest level since early 2006, according to a CoreLogic report Tuesday.

Buying a Home Is Cheaper Than Renting in the Majority of the US May 01, 2018

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.

Home Buying Myths Slayed April 30, 2018

The average down payment for first-time homebuyers is only 6%!

Is Family Mortgage Debt Out of Control? April 27, 2018

Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time.

How Much Do You Need to Make to Buy a Home in Your State? April 26, 2018

It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C.

Rising Prices Help You Build Your Family’s Wealth April 25, 2018

Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

Getting Pre-Approved Should Always Be Your First Step April 24, 2018

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

A Tale of Two Markets April 23, 2018

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!

The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was April 20, 2018

There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically.

Mortgage Interest Rates Have Begun to Level Off April 19, 2018

Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading.

What Is Private Mortgage Insurance (PMI)? April 18, 2018

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).

US Housing Market Still In ‘Buy Territory’! April 17, 2018

According to the 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.

VA Loans by the Numbers April 16, 2018

In 2017, $188 billion was loaned to veterans and their families through the program.

House Prices: Simply a Matter of Supply & Demand April 13, 2018

Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy.

Boomerang Buyers: Most Qualify for Financing in 2-3 Years April 12, 2018

According to a new study from Lending Tree, Americans who have filed for bankruptcy may be able to rebuild enough credit to qualify for a home loan in as little as 2-3 years.

NOT Owning Your Home Can Cost You a Lot of Money! April 10, 2018

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

The Cost of Renting vs. Buying Today April 09, 2018

Historically, the choice between renting or buying a home has been a tough decision.

99 Percent of Experts Agree that Home Prices Will Increase April 06, 2018

Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyed housing experts believe that home values will continue to rise this year.

Buyer Demand Still Outpacing the Supply of Homes for Sale April 05, 2018

The price of any item is determined by the supply of that item, as well as market demand. 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 Confidence Index.

5 Reasons Why to Sell This Spring! April 04, 2018

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

20 Tips for Preparing Your House for Sale This Spring April 03, 2018

When listing your house for sale your top goal will be to get the home sold for the best price possible!

Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices March 30, 2018

Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year.

Is a Major Home Renovation Worth It in the Long Run? March 29, 2018

Last week, we shared “7 Factors To Consider When Choosing A Home To Retire In.” For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans?

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! March 28, 2018

CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.

Dreaming of a Luxury Home? Now’s the Time! March 27, 2018

If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control.

The Cost of Waiting: Interest Rates Edition March 26, 2018

Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years March 22, 2018

If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed.

7 Factors to Consider When Choosing A Home to Retire In March 21, 2018

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.

You Can Save for a Down Payment Faster Than You Think! March 20, 2018

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.

4 Reasons Spring is a Great Time to Buy a Home! March 19, 2018

Here are four great reasons to consider buying a home today instead of waiting.

Home Prices: The Difference 5 Years Makes March 16, 2018

The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009.

Competition is Coming, Are You Thinking of Selling Your Home? March 14, 2018

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.4% over last year.

Housing Market Expected To “Spring Forward” This Year March 13, 2018

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

4 Reasons to Sell This Spring March 12, 2018

Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!

Are Home Values Really Over-inflated? March 09, 2018

Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report:

It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings! March 08, 2018

According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year.

Is Now a Good Time to Rent? March 07, 2018

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

Latest NAR Data Shows Now Is a Great Time to Sell! March 06, 2018

We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house.

The Mortgage Process: What You Need to Know March 05, 2018

You may already qualify for a loan, even if you don’t have perfect credit.

Mortgage Rates on FIRE! Home Prices Up in Smoke? March 02, 2018

Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year.

80% of Renters Believe Homeownership is a Part of Their American Dream March 01, 2018

According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream.

2 Ways to Get the Most Money from The Sale of Your Home February 28, 2018

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?

Should I Wait Until Next Year to Buy? Or Buy Now? February 27, 2018

The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.

Calm Down! The Real Estate Market is NOT Falling Apart February 26, 2018

There has been tremendous volatility in certain markets over the last few weeks (for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and dramatically. Real estate is an investment that can get caught up in this hysteria. Does the concern about the current housing market have merit?

Which Comes First… Marriage or Mortgage? February 23, 2018

According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

Low Inventory Pushes Home Prices Higher February 22, 2018

According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase.

The #1 Reason to Sell Now Before Spring February 21, 2018

The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

Aging Down: The Face of Luxury Shifts February 20, 2018

Buyers aged 25-49 are considerably shaping the upper-end market, according to recently released research by Luxury Portfolio International®.

Homeownership: “The Reports of My Death Have Been Greatly Exaggerated” February 19, 2018

The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last week, the Census revealed that the percentage of homeowners in the country increased for the first time in thirteen years. 

Where Are Mortgage Interest Rates Headed in 2018? February 16, 2018

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Millionaire to Millennials: Don’t Rent a Home… Buy! February 15, 2018

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.”

Whether You Rent or Buy, Either Way You’re Paying a Mortgage! February 14, 2018

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

Buyers Entering the Market Solo Struggle February 13, 2018

Accumulating a down payment is a struggle—and even more so for singles, according to a new report.

Bidding Wars Abound… How Long Will They Continue? February 12, 2018

Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase.

Stock Market Plunge: Is Real Estate Safe? February 09, 2018

Is the stock market crashing? The short answer: no—the Dow is just a little bumpy right now. Monday’s Wall Street frenzy had people from all over the world fearing that a U.S. real estate bubble might be the culprit after the stock market suddenly took a nearly 1,600-point (4.6 percent) plunge. According to CNN Money, it was the biggest point decline in history during a trading day.

Study Shows “Millennials Deserve More Credit” February 08, 2018

When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials jump from job to job, the majority of these stereotypes paint the generation in a negative light.

2 Major Myths Holding Back Home Buyers February 07, 2018

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.”

5 Reasons Millennials Choose to Buy February 06, 2018

“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”

If You’re Considering Selling, ACT NOW!! February 05, 2018

Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years February 02, 2018

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal.

Why You Need a Professional on Your Team When Buying a Home February 01, 2018

Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first try to go through the buying process on their own. In today’s market: you need an experienced professional!

Buying A Home Is More Affordable Than Renting In 54 Percent Of US Counties January 31, 2018

According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.”

Where Did Americans Move in 2017 January 30, 2018

Atlas Van Lines recently released the results of their annual Migration Patterns Survey in which they tracked their customer’s movement from state-to-state over the course of 2017.

What Impact Will the New Tax Code Have on Home Values? January 29, 2018

Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.

61 Percent of First-Time Buyers Put Down Less than 6 Percent January 26, 2018

According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017.

Wondering If You Can Buy Your First Home? January 25, 2018

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current income would never enable them to qualify for a mortgage.

The Latest Trends in Home Construction and Renovation January 23, 2018

The whole point of building a custom home or doing a major renovation is to create a space that is wholly personal, which means you shouldn’t be beholden to trends. But in the interest of education, let’s talk about some things that are happening now.

The Jewel of Henry's Glen January 22, 2018

Nestled in the wooded embrace of Henry’s Glen, this one is surrounded by nature’s beautiful soundtrack and the peaceful respite.

93% Believe Homeownership Is Important in Attaining the American Dream January 22, 2018

Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:

FICO® Scores on Approved Home Loans Drop Again January 19, 2018

According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans.

U.S. and Canada Home Prices Pick up Steam, Bucking a Global Slowdown January 18, 2018

Home prices in gateway cities in the U.S. and Canada posted strong gains during the third quarter last year, bucking the global slowdown trend, according to a Knight Frank report released Monday.

The Impact of Tight Inventory on the Housing Market January 18, 2018

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will continue to strengthen in 2018.

712,000 Homes in the US Regained Equity in the Past 12 Months! January 17, 2018

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today.

4 Reasons to Sell This Winter [INFOGRAPHIC] January 16, 2018

Perhaps the time has come for you and your family to move on and start living the life you desire.

Time on the Market Drops to New Low in 2017 January 15, 2018

According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017.

The Benefits of Homeownership Go Beyond the Financial January 12, 2018

Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we remember this.

How Rising Prices Will Help You Build Family Wealth in 2018 January 11, 2018

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

Industry Insiders' Top New Year Predictions January 10, 2018

The trends and topics home builders will be focused on in 2018 and beyond.

Charlotte —and Raleigh — among nation's 'hottest' housing markets for 2018; Here's why January 10, 2018

North Caroline's two largest cities — Charlotte and Raleigh — are home to the "hottest" housing markets for 2018, according to a new projection from residential real estate site Zillow.

There’s More to a Bubble Than Rising Home Prices January 09, 2018

What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened.

Top 4 REAL Reasons We Buy a Home January 08, 2018

We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons.

Top 5 Reasons You Shouldn’t FSBO January 05, 2018

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC] January 04, 2018

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.”

Housing Prices are NOT Heading for Another Crash January 03, 2018

As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices?

Henry's Glen Waddell Custom Homes Open House Event January 03, 2018

Home Discovery Open House Event!  The Art of Living the Life You Deserve

Rents Are on the Rise: Don’t Get Caught in the Rental Trap! January 02, 2018

There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage.

4 Reasons to Buy a Home This Winter! December 29, 2017

Here are four great reasons to consider buying a home today instead of waiting.

Home Prices Up 6.54% Across the Country! [INFOGRAPHIC] December 28, 2017

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.

Should Boomers Buy or Rent after Selling? December 27, 2017

In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home.

Why Getting Pre-Approved Should Be Your First Step December 22, 2017

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

3 Tips for Making Your Dream Home a Reality December 21, 2017

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.

The #1 Reason to List Your House Today! December 20, 2017

Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price.

Home Prices Up 7% from Last Year December 19, 2017

According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase.

Why Is There So Much Paperwork Required to Get a Mortgage? December 18, 2017

Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form.

5 Reasons to Sell This Winter! December 15, 2017

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Median Days on the Market Drops to 34! [INFOGRAPHIC] December 14, 2017

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.

The Real Reason Home Prices are Increasing December 13, 2017

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (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 seems to be no shortage of opinion.

2 Charts That Show the Truth about Home Affordability December 12, 2017

There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history.

The Cost of NOT Owning Your Home December 08, 2017

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Existing Home Sales Slowed by a Lack of Listings December 07, 2017

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.

The New Gold Standard: 10 U.S. Housing Markets That Will Rule 2018 December 07, 2017

These are the cities to watch for real estate in 2018.

Bubble Alert! Is it Getting Too Easy to Get a Mortgage? December 06, 2017

There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several years. In fact, in just the last year:

Access is an Important Factor in Getting Your House SOLD! December 05, 2017

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers.

Homeowners: Your House Must Be Sold TWICE December 04, 2017

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.

Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC] December 01, 2017

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).

Your Friends Are Crazy Wrong If They’re Telling You Not to Buy November 30, 2017

The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong!

Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope! November 29, 2017

Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place.

Mortgage Interest Rates Are Going Up… Should I Wait to Buy? November 28, 2017

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

Holiday Open House Sunday Dec 3rd November 27, 2017

Holiday Home Discovery Event | Sunday | December 3rd | 1:00 pm to 4:00 pm

1026 Ledge Wood Lane • Clover, SC 29710

 

$619,900 • Beds: 4 • Baths: 4 • 3,590 sqft • 2 full acres

7 Reasons to List Your Home This Holiday Season November 27, 2017

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Multigenerational Households May Be the Answer to Price Increases November 21, 2017

Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations, or grandparents living with grandchildren – a level that hasn’t been seen in the U.S. since 1950.”

Low Inventory Causes Home Prices to Maintain Fast Growth November 20, 2017

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros.

Renting or Buying…Either Way, You’re Paying Someone’s Mortgage November 17, 2017

There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

How to Save on a Mortgage Payment Whether Buying or Selling November 16, 2017

In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains:

The #1 Reason to List Your House, NOW! November 15, 2017

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house, but in fact, the opposite is true.

Millennials Flock Towards Low Down Payment Programs November 14, 2017

report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less.

Make This Your Home for the Holidays Open House!! November 09, 2017
Moving-Up to a Luxury Home? Now’s the Time! November 09, 2017

If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.

Buying Remains Cheaper Than Renting in 39 States! November 08, 2017

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

Thinking of Selling? You Should Do It TODAY!! November 07, 2017

That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY!

4 Reasons to Sell This Fall November 06, 2017

Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are available!

Net Worth of Homeowners 44X Greater than Renters November 03, 2017

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.

Millionaire to Millennials: Buy a Home Now! November 02, 2017

In a CNBC article, self-made millionaire David Bach explained that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.”

The Mortgage Process: What You Need to Know November 01, 2017

Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.
A Tale of Two Markets: A 6-Month Update October 30, 2017

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.

Which Homes Have Increased in Value the Most? October 27, 2017

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report,revealed that national home prices have increased by 6.7% year-over-year.

Should I Buy A Home Now? Or Wait Until Next Year? [INFOGRAPHIC] October 26, 2017

Some Highlights:

  • The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 4.4% by next year.
  • CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!
Thinking of Selling your Home? Competition is Coming October 25, 2017

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last year.

What to Look for in Your Real Estate Team October 24, 2017

How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender?

More Than Half of All Buyers Are Surprised by Closing Costs October 23, 2017

According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.

WHY ARE SO FEW HOMES FOR SALE? October 20, 2017

There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.”

ENJOY A VIDEO TOUR OF OUR BEAUTIFUL NEW HOME October 18, 2017

When a beautiful home and a gifted videographer come together it is simply magic! Check our our amazing Waddell Custom Home in Clover SC. Thanks Mark with AlphaVista Productions for an amazing job!

THIS WEEKEND - HOME DISCOVERY EVENT AT OUR NEW CLOVER HOME October 13, 2017

10/14 11:00 AM to 1:00 PM & 10/15 2:00 PM to 5:00 PM

1026 Ledge Wood Lane • Clover, SC 29710

Located just off Brandon Road, Clover SC - Look for Henry's Glen Entrance!

 

HENRY'S GLEN PHASES II & III QUICK GLANCE October 13, 2017

Plans for Henry's Glen Phases II & III released.  The perfect setting for your dream home.

HOME SALES EXPECTED TO INCREASE NICELY IN 2018 October 12, 2017

Freddie MacFannie Mae, and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is projecting in sales for the remainder of this year and the next.

5 REASONS TO SELL THIS FALL October 11, 2017

Here are five reasons listing your home for sale this fall makes sense.

TOP 5 REASONS WHY MILLENNIALS CHOOSE TO BUY [INFOGRAPHIC] October 10, 2017
PUBLIC OPEN HOUSE October 09, 2017

Public Open House - Saturday | October 14th | 11:00 am - 1:00 pm

1026 Ledge Wood Lane | Clover SC 29710

Hosted by Genise Stitt

REPORT: HOMEOWNERSHIP IS A PRECONDITION OF THE AMERICAN DREAM October 09, 2017

Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.

 

HAPPILY EVER HOMEOWNER October 06, 2017

Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

LOOKING FOR YOUR DREAM HOME? KNOW WHAT YOU WANT VS. WHAT YOU NEED October 05, 2017

In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.

4 REASONS TO BUY A HOME THIS FALL October 04, 2017

Here are four great reasons to consider buying a home today, instead of waiting.

HOW SUPPLY AND DEMAND IMPACTS REAL ESTATE HOME VALUES [INFOGRAPHIC] October 03, 2017

The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!

HOW TO PREP YOUR HOME FOR SALE IN 30 DAYS September 28, 2017

You’ve decided to sell your home. Now what?

Preparing your home to show to prospective buyers can be a lot of work. After all, the goal is to sell it for top dollar, and buyers have high expectations. Experts say most homeowners will be able to get their home in shape in 30 days, if they stay motivated and work hard.
OUR NEWLY CONSTRUCTED HOME FOR SALE September 27, 2017

Write yourself into the pages of this home’s story starting at chapter 1.  Be the first to enjoy this stately custom home currently in the final stages of construction. This soon-to-be bestseller is an opus to fine living set in the picturesque, natural setting of beautiful Henry’s Glen.  Incredibly spacious and finely crafted to perfectly capture its scenic surroundings; add to that nature’s accompanying soundtrack thus completing the tale’s backdrop.  Now, let’s feature you as the story’s main character.  

TOO MANY HOMEBUYERS AND NOT ENOUGH HOMES September 27, 2017

Across the Charles River from Boston is Cambridge, one of those places where people can't seem to buy enough real estate. No matter what size or condition, houses here receive multiple bids and seldom stay on the market for more than a day. Some buyers pay upwards of a half-million dollars to knock down a house so they can build two homes on the same small lot.

FOURPLANS: TOP-SELLING DESIGNS BY FRANK BETZ May 26, 2017

These popular house plans win over buyers with open layouts and classic exteriors.

Cost of Building Materials is on the Rise May 16, 2017

Prices of softwood lumber, gypsum, ready-mix concrete and OSB all rose for the second consecutive month, according to the latest Producer Price Index (PPI)  released on April 13 by the Bureau of Labor Statistics.  Softwood lumber and OSB experienced the largest price increases.

Top 3 Things Second-Wave Baby Boomers Look for in a Home January 18, 2017

According to data from the U.S Census bureau, there are approximately 76.4 million baby boomers living in the United States today. Contrary to what many think, there are very different segments within this generation, and one piece that sets them apart are their housing needs.

Housing Outlook 2017: Eight Predictions From The Experts January 06, 2017

In so many ways 2016 was an unprecedented, volatile and, for some...

10 Real Estate Trends to Watch in 2017 December 01, 2016

Nearly a decade after the real estate crisis set off wild swings in the housing market, most markets finally stabilized last year. The election of Donald Trump has brought uncertainty into the industry, however. While the President-elect built his empire on real estate, he has said relatively little about what policy changes he might make regarding housing.  That’s not too unusual, since when the housing market is doing well it is generally not a campaign issue.

Here’s what the experts we spoke with expect to see in 2017

Here are the top 5 trends in real estate over the past 35 years October 21, 2016

A look back at real estate from Realtors

Seven Current Design Trends That Will Date Your Kitchen The Most September 15, 2016

What does the typical 2016 kitchen look like? Which trends will date and which will stand the test of time? We consulted the experts to ensure your next kitchen is as stylish and timeless as it can be…

America’s New Small Towns: Housing Developments That Recreate Village Life September 15, 2016

With quaint shops, wraparound porches and pedestrian-friendly streets, these new communities appeal to homebuyers' desires for a strong sence of place

New Custom Homes May 16, 2016

We are currently building custom homes in Springfield, Larne Glen,  Fewell Park area of Rock Hill and River Oaks Road near Lake Wylie.  Let us build your custom home on your lot, or we can help you find a lot.

Outdoor Living Spaces and Smart Home Technology Top AIA Home Trends Survey | Builder Magazine | Design, Products, Energy-Efficient Design, Outdoor Rooms, Design and Trends, home energy management systems, smart home September 25, 2015

The second quarter of 2015 emphasizes increased popularity of technological systems and the recovery of special function rooms.

Smart homes catch on, especially among millennials September 06, 2015

The smart home is here to stay. A survey of U.S. adults by Coldwell Banker Real Estate LLC, the original Silicon Valley real estate start-up founded in 1906, and CNET, the world's largest and most trusted online source of consumer technology news and reviews, found that Americans are already embracing the smart home with 28 percent owning at least one smart-home product and almost half of millennials (ages 18 to 34) adopting the technology.

Natural Amenities Top Homebuyers’ List of Favorites September 02, 2015

Being outside doesn’t just mean backyard pools and patios anymore. With the growing focus on health and wellness, today’s homebuyers are drawn to living healthier and nature-based amenities are at the top of their list. While the increased health benefits are important, it’s decreasing cost to manage and operate that makes natural settings more than just a pretty place.

Top 10 Trends from the 2015 Houzz and Home Report July 31, 2015

Wray Ward vice president Leslie Gillock breaks down the top 10 trends from the 2015 Houzz & Home Report, which surveys 260,000 Houzz.com users annually to determine the most prominent  trends in building and design, as well as collect demographic data.

Urban Meets Suburban in Millennials' Home Buying Preferences May 29, 2015

Customization reigns in a new survey that shows a unique set of real estate priorities for millennial home buyers

Loans for Building a Dream Home March 16, 2015

Designing a new home from scratch has appeal. The trick is how to pay for it.

New Home Sales at Highest Pace Since June 2008 February 04, 2015

Pent-up demand should keep momentum moving forward in 2015.

5 Housing Market Predictions for 2015 January 08, 2015

realtor.com: "It’s a new year—and the outlook on the housing market is definitely brighter. After all, 2014 was the best year in the U.S. economic recovery since the recession of 2008-2009." ...

Popular Design Features in New Homes July 07, 2014

Improved accessibility, outdoor living spaces, green, energy efficient products like appliances and heating and cooling systems are in high demand today.

Show Older Posts

News

  • Are Homeowners Renovating to Sell or to Stay? November 16, 2018

    Over the past few years, two trends have emerged in the housing market:

  • VA Home Loans by the Numbers November 2018 November 16, 2018

    VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC.

  • 75% of Renters Have Been Misinformed November 16, 2018

    Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home.

Waddell Custom Homes
2243A Ebenezer Road
Rock Hill, SC 29732
Phone: (803) 985-4160
Fax: (803) 985-4165