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Monthly Archives: March 2016

    Home Is Where The Heart Is

    By Don Parsons | March 31, 2016

    Yesterday, we discussed the reasons why homeownership makes sense, financially. Today we wanted to touch on the emotional or ‘real’ reasons that many Americans strive to become homeowners. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership. The top 4 reasons to... Read More

    Lack of Inventory Challenging Many Housing Markets

    By Don Parsons | March 31, 2016

    Going into the 2016 spring market, the biggest challenge the real estate industry has is the lack of available housing inventory for sale. Here are a few experts and their thoughts on the subject: David Crowe, Chief Economist for the National Association of Home Builders: “Many sellers may not have an absolute decision as to whether... Read More

    3 Charts That Scream ‘List Your Home Today’

    By Don Parsons | March 31, 2016

    In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.4-month supply. This is considerably lower than the 6-month inventory... Read More

    Sales Contracts Hit Highest Level in Months

    By Don Parsons | March 31, 2016

    The National Association of Realtors (NAR) just announced that the February Pending Home Sales Index reached its highest reading since July 2015. What is the Pending Home Sales Index (PHSI)? NAR’s PHSI is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales. February’s Index... Read More

    2016 Home Sales Doing Just Fine!!

    By Don Parsons | March 31, 2016

    Some of the housing headlines are causing concern for some consumers who are in the process of either buying or selling a home. Pundits are concerned over the lack of new construction or the month-over-month sales numbers. Let’s set the record straight; 2015 was a good year for residential real estate in the United States... Read More

    Past, Present & Future Home Values

    By Don Parsons | March 31, 2016

    In CoreLogic’s latest Home Price Index, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month, and projected appreciation over the next twelve months. Here are state maps for each category: The Past – home appreciation over the last 12 months The Present – home appreciation over the last month The Future – home appreciation projected over... Read More

    The Main Reason to Use a Real Estate Professional when Selling Your House

    By Don Parsons | March 28, 2016

    Every homeowner hopes to accomplish five goals when selling their home: Sell it for the best price Sell it within a predetermined time Sell it with the least amount of hassles Close on the sale the same day they move into their new home The fifth reason is the most obvious and the most important:... Read More

    The Top 5 Reasons You Should Not For Sale By Owner

    By Don Parsons | March 28, 2016

    In today’s market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers. Here are five of those reasons: 1.... Read More

    3 Charts That Scream ‘List Your Home Today’

    By Don Parsons | March 28, 2016

    In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.4-month supply. This is considerably lower than the 6-month inventory... Read More

    Put Your Housing Cost To Work For You!

    By Don Parsons | March 26, 2016

      There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. As we have said before, mortgage interest rates are still near historic lows and rents continue to rise. Housing Cost & Net Worth Whether you rent or buy, you have a monthly housing... Read More