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Posts by Joan

Why Has Housing Supply Increased as Sales Have Slowed Down?

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months. At the same time, sales of existing homes have slowed compared to last year’s numbers. For over three years leading up to this point, the…

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Home Prices: The Difference 5 Years Makes

Where are home prices expected to go? CoreLogic recently released their Home Prices Index Report. Among key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018, showing how prices over the last five years have fared. The graph below shows the 5-year…

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25% of Homes with a Mortgage are Now Equity Rich!

Rising home prices have been in the news a lot lately. Much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity…

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Is the Real Estate Market Finally Getting Back to Normal?

The Real Estate Market It’s been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey: After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From March 2012…

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Are We About to Enter a Buyers’ Market?

The Buyers’ Market. Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years.

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