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Updates and News

How to Simply Increase Your Family Wealth by Paying for Housing

By Joan | Dec 12, 2018

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you are paying off a…

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

By Joan | Dec 3, 2018

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

By Joan | Nov 24, 2018

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?

By Joan | Nov 20, 2018

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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Are Homeowners Renovating to Sell or to Stay?

By Joan | Nov 16, 2018

Over the past few years, two trends have emerged in the housing market: Home renovations have shot up, and
Inventory of homes available for sale on the market has dropped.

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Top 3 Things Second-Wave Baby Boomers Look for in a Home

By Joan Defenbaugh | Nov 7, 2018

According to data from the U.S Census bureau, there are approximately 76.4 million baby boomers living in the United States today. Contrary to what many think, there are very different segments within this generation, and one piece that sets them apart are their housing needs. John McManus, editorial director of Hanley Wood’s Residential Group says…

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Home Prices: The Difference 5 Years Makes

By Joan | Oct 31, 2018

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!

By Joan | Oct 24, 2018

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?

By Joan | Oct 17, 2018

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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