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Monthly Archives: February 2016

    Building Family Wealth Over The Next 5 Years

    By Don Parsons | February 29, 2016

    As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate. For example,... Read More

    Existing Home Sales Inch Up In January [INFOGRAPHIC]

    By Don Parsons | February 26, 2016

    Some Highlights: Existing Home Sales rose to an annual rate of 5.47 million, representing an 11% increase year-over-year. Inventory levels remain below the 6-month supply needed for a normal market at a 4.0-month supply. Lawrence Yun, NAR’s Chief Economist, warns: “The spring buying season is right around the corner and current supply levels aren’t even close to what’s... Read More

    Low Inventory Causes Home Prices to Accelerate

    By Don Parsons | February 25, 2016

    The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report: “Without a significant ramp-up in new home... Read More

    Mortgage Rates Again at Historic Lows

    By Don Parsons | February 24, 2016

    Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. However, shaky economic news and a volatile stock market have... Read More

    Thinking of Buying A Home? What Are You Waiting For?

    By Don Parsons | February 23, 2016

    With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the last 12 months. The same... Read More

    Final 2015 Housing Numbers Now In

    By Don Parsons | February 22, 2016

    Many have questioned the stability of certain sectors of the U.S. Economy, one section in particular is the housing market. Today we would like to share how the experts feel about how we ended 2015 and where they think we are headed in 2016. How did we do in 2015? The National Association of Realtors... Read More

    Homeowner’s Net Worth is 45x Greater Than a Renter’s

    By Don Parsons | February 22, 2016

    Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in... Read More

    Play Chess… Not Checkers

    By Don Parsons | February 22, 2016

    Checkers is a simple game with a simple objective; eliminate the other player’s pieces. Even the process of doing so is simple, jump the other player’s pieces and start a collection. There is very little thought as to a defensive strategy and it is often more reactive than strategic. Even though the objective of Chess... Read More

    Future Home Values: Where Do The Experts Think They Are Headed?

    By Don Parsons | February 22, 2016

    Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where they believe prices are headed over the next five years. They... Read More

    Are the Kids Finally Moving Out?

    By Don Parsons | February 19, 2016

    During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around. According to the Urban Land Institute’s... Read More