New Study Reveals One Surprising Reason for the Inventory Shortage
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim ...
Posted by Missy Ashcraft on May 1, 2019 in Market Statistics
Are Low Interest Rates Here to Stay?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% ...
Posted by Missy Ashcraft on April 25, 2019 in Market Statistics
Buyer Demand Surging as Spring Market Begins
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade.
However, according to two separate reports*, ...
Posted by Missy Ashcraft on April 24, 2019 in Market Statistics
Home Value Appreciation Stops Falling, Begins to Stabilize
The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer.
In a recent post on the National ...
Posted by Missy Ashcraft on April 17, 2019 in Market Statistics
Home Buyer Demand Will Be Strong for Years to Come
There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”.
And while this might be ...
Posted by Missy Ashcraft on April 16, 2019 in Market Statistics
3 Graphs that Show What You Need to Know About Today’s Real Estate Market
The Housing Market has been a hot-topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates and home prices!
The best way to show ...
Posted by Missy Ashcraft on April 10, 2019 in Market Statistics
Homebuyers Shouldn’t Worry About 2008 All Over Again
Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its possible impact on the housing ...
Posted by Missy Ashcraft on April 8, 2019 in Market Statistics
How to Put Your Housing Cost to Work for You
There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time.
The National ...
Posted by Missy Ashcraft on April 3, 2019 in Market Statistics
Homeownership is a Cornerstone of the American Dream
“The rumors of my death are greatly exaggerated.”
The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over ...
Posted by Missy Ashcraft on March 21, 2019 in Market Statistics
Why an Economic Slowdown Will NOT Crush Real Estate this Time
Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:
“While only ...
Posted by Missy Ashcraft on March 13, 2019 in Market Statistics
The Housing Market Will “Spring Forward” This Year!
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 has been holding back the ...
Posted by Missy Ashcraft on March 8, 2019 in Market Statistics
Home Prices Up 5.73% Across the Country!
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, ...
Posted by Missy Ashcraft on March 7, 2019 in Market Statistics
No Worries… Home Prices Coming in for a SOFT Landing
Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time ...
Posted by Missy Ashcraft on March 6, 2019 in Market Statistics
Interest Rates Hit New 12 Month Low!
According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018!
Last week’s ...
Posted by Missy Ashcraft on March 5, 2019 in Market Statistics
Why A Normal Market is Just What We Need
The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home....
Posted by Missy Ashcraft on February 25, 2019 in Market Statistics
2019 Will Be a Great Year for Buyers AND Sellers
Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in ...
Posted by Missy Ashcraft on February 22, 2019 in Market Statistics
Where Did Americans Move in 2018?
Every year United Van Lines conducts their National Movers Study by tracking their customer’s movement state-to-state over the course of the year.
Vermont claimed the top spot of states with the highest ...
Posted by Missy Ashcraft on February 20, 2019 in Market Statistics
First Comes Love… Then Comes Mortgage? Couples Lead the Way
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 2018 at 54% of all buyers. It is no surprise that ...
Posted by Missy Ashcraft on February 14, 2019 in Market Statistics
How to Get a Better Perspective on Affordability
Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate.
Understandably, buying a home is more expensive now than immediately following one of the ...
Posted by Missy Ashcraft on February 13, 2019 in Market Statistics
3 Things You Need in a Shifting Real Estate Market
Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is actually happening with mortgage rates? Are home values dropping or are they just rising ...
Posted by Missy Ashcraft on January 30, 2019 in Market Statistics