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Blog Archives: January 2016 — December 2016

Start 2017 Off Right… List Your House for Sale

December 29, 2016
As we are about to bring in the New Year, families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the past, that might have made sense. However, this winter is not like recent years. The recent jump in mortgage rates has forced buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes ...

Home Prices: Where Will They Be in 5 Years?

December 12, 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 then average the projections of all 100+ experts into a single number. Home values will appreciate by 4.0% over the course of 2017, 3.2% in 2018 and 3.0% the next three years ...

Will Increasing Mortgage Rates Impact Home Prices?

December 08, 2016
There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able to buy, and logic says prices will fall if demand decreases. However, history shows us that this has not been the case the last four times mortgage interest rates dramatically increased. Here is a graph showing what actually hap ...

Calling Hobbyist!

December 05, 2016
Calling Hobbyist!  150 Back Road, La Honda 94020 is waiting for someone to finish this up. While you work on the main home you can enjoy the property in the studio with a loft on nearly 6 acres! Have a look at the tour link.  Accepting offers at $549,000 http://www.tourfactory.com/1689446

5 Reasons Why Homeownership Is a Good Financial Investment

December 01, 2016
According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective? In the report, Ralph McLaughlin, Trulia’s Chief Economist explains: “Owning a home is one of the most common ways households build long-term wealth, as it acts like a forced savings account. Instead of paying your landlord, you can pay yourself in the long run ...

Existing Home Sales Surge Forward Through Fall

November 25, 2016
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 33% of all sales in October. Homes are selling quickly with 43% of homes on the market for less than a month. A limited supply continues to drive up prices for the 56th consecutive month.

A Lack of Listings Remains 'Huge' Challenge in the Market

November 15, 2016
Have you ever thought of selling or buying? The housing crisis is finally in the rearview mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures & short sales) are at their lowest mark in over 8 years. This has been, and will continue to be, a great year for real estate. However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. According to the National Association of Realtors (NAR), buyer traffic ...

Why Waiting Until After the Holidays to Sell Isn’t a Smart Decision

November 14, 2016
Still looking for more square footage - better lay out - more land or newer home? The holidays are a great time to market your home and here's why! Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are six great reasons not to wait: Relocation buyers are out there. Companies are not concerned with holiday time and if the buyers have kids, they ...

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