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Posts by Joan

Homeowners Aged 65+ Have 48 Times More Net Worth Than Renters

Every three years, the Federal Reserve conducts their Survey of Consumer Finances. They collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016.   The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of…

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5 Tips When Buying a Newly Constructed Home

The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering…

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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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