While most people were all too eager to put 2020 behind them for obvious reasons, real estate investors and home owners alike saw an acceleration of home prices as very low interest rates and low inventory were the theme of 2020. Home prices increase to a median home price of over $320,000 across the USA,…
First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand! According to the National Association of Realtors (NAR), the inventory of…
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, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). The latest survey data, covering 2014-2016…
Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their needs. New…
20 Tips for Preparing Your House for Sale [INFOGRAPHIC] Some Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific…
Millennials Homeownership Rate Increases Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials…
Happy Friday! Here is a quick infographic that shows some of the current common myths about buying a home, and how they could be false. Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall…
Zillow & Zestimate Why is there such a focus on the Zestimate? We have seen a lot of press surrounding Zillow Group, Inc. as it has emerged after the Zillow-Trulia merger. One of the most talked about subjects involves the “Zestimate” and the debates about its accuracy. So let’s explore a little deeper. Here is…
