Housing Market Updates

Oct. 6, 2019

3 Signs the Housing Market Is on the Rebound

3 Signs the Housing Market Is on the Rebound | Simplifying The Market

The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound.

 

1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth.

 

2. Pending Home Sales (contracts ...

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Sept. 12, 2019

Everybody Calm Down! This Is NOT 2008

Everybody Calm Down! This Is NOT 2008 | Simplifying The Market

Last week realtor.com released the results of a survey that produced three major revelations:

 

53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.

57% believe the next recession will be as bad or worse than 2008 ...

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Sept. 12, 2019

How Property Taxes Can Impact Your Mortgage Payment

How Property Taxes Can Impact Your Mortgage Payment | Simplifying The Market

When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area?

 

When applying for a mortgage, you’ll see one of two acronyms in ...

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Sept. 8, 2019

A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]

A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • There is plenty of talk in the media about a pending economic slowdown.
  • The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th.
  • Many experts predict a potential recession is on the ...
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Aug. 29, 2019

iBuyers: What Is the “Cost of Convenience” When Selling Your Home?

iBuyers: What Is the “Cost of Convenience” When Selling Your Home? | Simplifying The Market

When thinking about selling their house, homeowners have many options. A relatively new option is using an “iBuyer.” What is an iBuyer?

 

According to Jovio, the definition is:

 

“A company or investor that uses Automated Valuation Models (AVMs) to make instant offers on homes. It allows sellers ...

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Aug. 29, 2019

What’s the Latest on Interest Rates?

What’s the Latest on Interest Rates? | Simplifying The Market

Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.

What’s the Latest on Interest Rates? | Simplifying The Market

According to Freddie Mac’s Primary Mortgage Market Survey,

 

“the 30-year fixed-rate mortgage (FRM ...

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Aug. 26, 2019

Experts Predict a Strong Housing Market for the Rest of 2019

Experts Predict a Strong Housing Market for the Rest of 2019 | Simplifying The Market

We’re in the back half of the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the predictions are for the remainder of 2019.

 

Here’s what some of the experts have to say:

Ralph McLaughlin, Deputy Chief Economist ...

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Aug. 26, 2019

Seniors Are on the Move in the Real Estate Market

Seniors Are on the Move in the Real Estate Market | Simplifying The Market

Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because,

 

 “Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a ...

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Aug. 26, 2019

Housing Supply Not Keeping Up with Population Increase

Housing Supply Not Keeping Up with Population Increase | Simplifying The Market

Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up.

 

The number of new housing permits issued prior to the great recession increased for 15 years ...

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Aug. 26, 2019

A Great Way to Increase Your Family’s Net Worth

A Great Way to Increase Your Family’s Net Worth | Simplifying The Market

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.

 

The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the ...

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