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Updates and News

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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Are We About to Enter a Buyers’ Market?

By Joan | Oct 11, 2018

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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Top 3 Real Estate Myths About Today’s Market

By Joan | Sep 26, 2018

Real Estate Myths. There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to…

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image of houses with prices in pins overhead

Home Prices – What Does the Future Hold?

By Joan | Sep 19, 2018

Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash? Let’s try to answer these questions based on what has happened in the past as well as what we know about…

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