Housing Market Updates

Jan. 15, 2020

Homes Are More Affordable Today, Not Less Affordable

Homes Are More Affordable Today, Not Less Affordable | Simplifying The Market

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years.

 

It’s not, however, just the price of a home that matters ...

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Dec. 23, 2019

2020 Forecast Shows Continued Home Price Appreciation

2020 Forecast Shows Continued Home Price Appreciation | Simplifying The Market

Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year:

2020 Forecast Shows Continued Home Price Appreciation | Simplifying The Market

Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability ...

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Dec. 20, 2019

Where is the Housing Market Headed in 2020? [INFOGRAPHIC]

Where is the Housing Market Headed in 2020? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020!
  • According to CoreLogic, home prices will appreciate at a rate of 5.4% over the course of the year.
  • Experts predict that the number of ...
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Dec. 18, 2019

The Biggest Issue Facing Housing Next Year

The Biggest Issue Facing Housing Next Year | Simplifying The Market

This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation.  But the biggest issue the housing market will face in 2020 is an inventory shortage.  There aren’t enough homes on the market for buyers, especially on the lower end of the ...

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Dec. 8, 2019

What is the Best Investment for Americans?

What is the Best Investment for Americans? | Simplifying The Market

Some are reporting that there is trepidation regarding the real estate market in the United States. Apparently, the American people are quite comfortable.

 

Porch.com, a major network helping homeowners with their renovation projects, recently conducted a survey which asked Americans:

 

“What do you believe is the safest ...

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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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