Tiny Houses – The debate – Pros and Cons
It seems of late we keep hearing about Tiny Houses. We have seen festivals for them, articles about them. Even some proposals about Tiny Houses being the answer to the housing shortage in some areas. There are pros and cons to both sides of this debate. Part of my daily routine is [...]
Buying A Home Is More Affordable Than Renting In 54% Of US Counties
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.” For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and [...]
Rise In Home Prices Here to Stay
I had just had a conversation with a client who is looking for their perfect home, but expects to pay a 2010 price for it. We spend hours explaining to clients that the lack of inventory along with growth in the economy (jobs), the rise in home prices is [...]
Top reasons Millennials choose to buy a home.
According to NerdWallet's Millennials and Homebuying Study - yes that's a thing - here are the top reasons young renters are choosing to buy: To have control over their living space - 93% gave this as the top reason. To have a sense of privacy and security - [...]
What’s the impact of the current surge in Mortgage Rates?
I ran across this article in The MReport on the Mortgage Rates Surge. This article caught my eye because this effects us in the Real Estate Profession, the Mortgage Officers and the Buyers on so many levels. We are all impacted by the lack of affordable inventory at [...]
What impact will new tax codes have on home values?
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. Have you been wondering how the new tax codes will impact you? Below is a map, broken down by state, reflecting how home values are forecasted to [...]