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Monthly Archives: June 2016

    3 Reasons to Buy Luxury Property THIS Year!!

    By Sales Team | June 30, 2016

    For that reason, prices haven’t skyrocketed as they have in the lower and mid-tier markets. This, coupled with sensational mortgage rates, means that this may be the perfect time to purchase the luxury property you have always desired. Let’s break it down into the three major reasons to act now: 1. There are more homes... Read More

    BREXIT: What’s the FIXIT for U.S. Home Buyers and Sellers?

    By Sales Team | June 29, 2016

    Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market. The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have remained at historic lows for the last... Read More

    Gap Between Homeowner’s & Appraiser’s Opinions Narrows Slightly

    By Sales Team | June 28, 2016

    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when... Read More

    5 Reasons to Sell This Summer

    By Sales Team | June 27, 2016

    As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why: 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country.... Read More

    Hurry Up and List Your House TODAY!!

    By Sales Team | June 23, 2016

    That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist... Read More

    Do Homeowners Realize Their Equity Position Has Changed?

    By Sales Team | June 22, 2016

    Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year. A study by Fannie Mae suggests that many homeowners are not aware of how their equity position has changed as their home has increased in value. For example,... Read More

    74% of Households in the US Now Have Significant Equity!

    By Sales Team | June 21, 2016

    CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 households regained equity in the first quarter of 2016 and are no longer under water. Price Appreciation = Good News for Homeowners... Read More

    Thinking of Selling? 5 Reasons You Shouldn’t FSBO

    By Sales Team | June 20, 2016

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

    What’s Happening in the Real Estate Market?

    By Sales Team | June 17, 2016

    This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Journalism Conference for the National Association of Real Estate Editors. Here are the top... Read More

    Here Comes the Housing Inventory!!

    By Sales Team | June 15, 2016

    Almost every real estate conversation revolves around the continuous rise in house values over the last four years. Some have even mentioned a concern about another possible bubble forming. However, the recent increase in prices can be attributed to a very simple principle: supply and demand. DEMAND Demand for single-family housing has continued to increase... Read More