Buyers Are Looking Now. Are You Ready to List Your Home?
Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph ...
Posted by Missy Ashcraft on November 25, 2019 in Selling Your Home
How Long Can This Economic Recovery Last?
The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the ...
Posted by Missy Ashcraft on November 23, 2019 in Market Statistics
The Cost of Renting vs. Buying a Home
Historically, the choice between renting and buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced ...
Posted by Missy Ashcraft on November 22, 2019 in Buying a Home
This is Not 2008 All Over Again: The Mortgage Lending Factor
Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down ...
Posted by Missy Ashcraft on November 21, 2019 in Market Statistics
Millennials: Here’s Why the Process is Well Worth It.
Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over.
According to National Mortgage News,
“Millennials, those young adults now aged 23 to 38, are now ...
Posted by Missy Ashcraft on November 18, 2019 in Buying a Home
Planning on Buying a Home? Be Sure You Know Your Options.
When you’re ready to buy, you’ll need to determine if you prefer the charm of an existing home or the look and feel of a newer build. With limited existing home inventory available today, especially in the starter and ...
Posted by Missy Ashcraft on November 15, 2019 in Buying a Home
Forget the Price of the Home. The Cost is What Matters.
Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. ...
Posted by Missy Ashcraft on November 14, 2019 in Buying a Home
Homeownership Rate Remains on the Rise
In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market.
The U.S. Census Bureau announced,
“The homeownership rate of 64.8 percent was not statistically ...
Posted by Missy Ashcraft on November 12, 2019 in Market Statistics
Think Prices Have Skyrocketed? Look at Rents.
Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little ...
Posted by Missy Ashcraft on November 11, 2019 in Buying a Home
Buying a home can be SCARY…Until you know the FACTS
Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of ...
Posted by Missy Ashcraft on November 8, 2019 in Buying a Home
Thinking of Selling Your Home? The Waiting Is The Hardest Part.
Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their ...
Posted by Missy Ashcraft on November 6, 2019 in Selling Your Home
The #1 Reason to List Your House in the Winter
Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when ...
Posted by Missy Ashcraft on November 4, 2019 in Buying a Home