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Monthly Archives: July 2016

    House Hasn’t Sold Yet? Take Another Look at Your Price!

    By Sales Team | July 28, 2016

    The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the summer as many real estate professionals are reporting bidding wars with listings actually selling above listing price. What about your house? If your house hasn’t sold, it is probably... Read More

    Americans Believe Real Estate is Best Long-Term Investment

    By Sales Team | July 27, 2016

    According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “Which would be the best way to invest money you did not need for more than 10 years?” Real... Read More

    The Top Reason to List Your House For Sale Now!

    By Sales Team | July 26, 2016

    If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage: “With demand holding firm and homes selling even faster than... Read More

    Baby Boomers Are On the Move

    By Sales Team | July 21, 2016

    According to a Merrill Lynch study, “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement. As one participant in the study stated: “In retirement, you have the chance to live anywhere you want. Or you can just stay where you... Read More

    Rents Skyrocket at Highest Rate in almost a Decade

    By Sales Team | July 20, 2016

    The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007. This coincides with a report released earlier this month in which AxioMetrics announced that rents are continuing to increase in 2016.... Read More

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

    By Sales Team | July 20, 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

    3 Questions Every Buyer Should Ask Themselves

    By Sales Team | July 18, 2016

    If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Answering the following 3 questions will help... Read More

    3 Crucial Questions Most Home Buyers Don’t Know the Answer To…DO YOU?

    By Sales Team | July 18, 2016

    Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to: What is the minimum down payment required to purchase a home? What is the minimum FICO score required to qualify for a mortgage? What is the maximum Back-End DTI... Read More

    Would You Qualify for a Mortgage Now?

    By Sales Team | July 13, 2016

    The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true.... Read More

    Homeownership Builds Wealth & Offers Stability

    By Sales Team | July 13, 2016

    The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are: They want the opportunity to build equity. They want a stable and safe environment. Building Equity John Taylor, CEO of the National Community Reinvestment Coalition, explains that those who lack the opportunity to... Read More