Where did Americans move in 2017?
Ever wonder what states are the most popular to move to? If asked I would only have been able to guess one of the top ten. I was surprised at the other nine. I did slightly better guessing the states which people are choosing to move out of. [...]
Gap Between Appraisers & Homeowners Narrows: Reality is in alignment.
Homeowners today are more educated when it comes to selling their homes, thanks to the internet. They no longer have to solely depend on appraisers. This is one of the reasons this gap has narrowed. The information available to the homeowner is not just opinion but the savvy homeowner searches [...]
What April and May Mean to you Listing Your Home
The three months in the second quarter of the year are consistently the most popular months for sellers listing their homes on the market. Last year, the number of homes available for sale in January was 1,680,000. May spiked to 1,970,000. The other listings that do come out in the [...]
Homeownership – 2 Buying Myths Shattered
Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Homeownership Myth #1: “I Need a 20% Down Payment” Buyers often [...]
Don’t Underestimate Millennials in Real Estate
When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that [...]
Low inventory – how long will it incite bidding wars?
Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less inventory than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that [...]