Tight inventory, lower affordability and higher mortgage rates continue to dominate residential real estate news, but a declining unemployment rate offers a bright spot. Employment in the construction industry had some of the largest gains. It would be great to see this Continue Reading
The Compound Effect: Building Your Household’s Wealth
Wealth is within reach for many people; however, according to a recent study 63 percent of Americans said it’s not likely they’ll become rich.1 Don’t just dream of being wealthy; start taking the steps to make it a reality. There is no secret to becoming rich--it takes time, Continue Reading
Market Statistics: Week Ending February 11th, 2017
The total supply of homes for sale at this early juncture of 2017 coupled with the relative low affordability of those homes have made the market interesting to watch. The combination of broad personal financial situations is particularly pronounced among millennials Continue Reading
5 Reasons to Sell Before the Selling Season Picks Up
A common thought in real estate is; never list your home in the winter offseason. Perpetuated by industry experts, agents and repeat sellers alike, this saying encourages many would-be sellers to wait until the spring peak to list their homes. However, studies show that Continue Reading
Market Statistics: Week Ending January 7th, 2017
If predictions hold true – a continuing inventory crunch, moderate price gains, higher mortgage rates – 2017 will likely be in favor of the seller. On the other end of the spectrum, deals may be harder to come by if the largest potential group of buyers, the millennials, do Continue Reading
Real Estate 2017: What to Expect
One of the most common questions we get at this time of year is, “What’s going on in the market?” It’s not just potential buyers and sellers who are curious; homeowners always want reassurance their home’s value is going up. The good news is the American real estate market Continue Reading
Market Statistics: Week Ending December 3rd, 2016
This has proven to be a steady year for buying and selling activity in the residential real estate market. Although inventory declined and prices increased throughout the year, it has been a rather strong year, and many are predicting that 2017 will remain about the same as Continue Reading
Market Statistics: Week Ending November 5th, 2016
It is unclear how having elected the first business person with no prior political experience and a heavy background in real estate as the nation's president is going to influence the housing market. In the hours and days after the election, financial markets became quite Continue Reading
Market Statistics: Week Ending October 29th, 2016
We enter the fourth quarter of the year knowing that the share of first-time home buyers rose for the first time in approximately three years. This fact is driven primarily by healthy job growth, but we need to see more homes entering the market in order to combat the low Continue Reading
Market Statistics: Week Ending September 24th, 2016
An increase in builder confidence could indicate an increase in construction starts in the near future, which would be great news in a time of continued supply constriction. As rents and sales prices throughout the country continue to rise, adding purchasable housing to the Continue Reading
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