Pricing

Sept. 6, 2018

Why are Existing Home Sales Down?

Why are Existing Home Sales Down? | Simplifying The Market

The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is ...

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Aug. 23, 2018

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

What Does the Recent Rash of Price Reductions Mean to the Real Estate Market? | Simplifying The Market

Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:

 

There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros

About 14% of all ...

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Aug. 10, 2018

Supply & Demand Will Determine Future Home Values

Supply & Demand Will Determine Future Home Values | Simplifying The Market

Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as:

 

“The ...

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July 25, 2018

Selling Your Home? Here’s 2 Ways to Get the Best Price!

Selling Your Home? Hereâ??s 2 Ways to Get the Best Price! | Simplifying The Market

Every homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house?

Here are two ways to ensure that you get the highest price possible.

1. Price it a Little Low

This ...

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July 16, 2018

House-Buying Power at Near-Historic Levels

We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” ...

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July 11, 2018

Did Tax Reform Kill the Luxury Market? NOT SO FAR!

The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative ...

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July 6, 2018

Homes More Affordable Today than 1985-2000

Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home.

However, it is not just the price of a home that determines its affordability. The monthly cost of a ho

me ...

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