Some Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in less than a month in.

Epic Housing Shortage Being Reported The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study.  They also put out a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the shortage of housing inventory.

Your Opportunity to Achieve the American Dream Keeps Getting Better!  Tuesday July 4th, 2017  First Time Home Buyers, For Buyers, Move-Up Buyers Forbes.com recently released the latest results of their American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal &.

NAR Data Shows Now Is a Great Time to Sell!  Monday July 3rd, 2017  For Sellers, Housing Market Updates We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues.

Existing Home Sales Surge into Summer [INFOGRAPHIC]  Friday June 30th, 2017  For Buyers, For Sellers, Housing Market Updates,Infographics Some Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines. NAR’s Chief Economist, Lawrence Yun had this to say: “Those able.

2 Myths Holding Back Home Buyers  Monday June 26th, 2017  Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1: “I Need a 20%.

Pre-Approval Should Always Be Your First Step  Tuesday June 27th, 2017  First Time Home Buyers, For Buyers, Move-Up Buyers In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show.

75% of Homeowners Think Now is a Good Time to Sell!  Thursday June 29th, 2017  For Sellers The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy or sell a home, the perception of home price.

Buyer’s Market Helps Premium Home Sales Soar We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put.

Is Now a Good Time to Rent? People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 first quarter.