Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Vermont was the only one state where home […]
New Construction Numbers: Now Versus 2005
There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today: “The havoc during the last cycle was the result of building too many homes and of […]
How Supply & Demand Impacts the Real Estate Market
Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has not been a 6-months inventory supply since August 2012! Buyer Demand […]
Thinking You Should FSBO? Think Again
Some Highlights: According to NAR’s Profile of Home Buyers & Sellers: 88% of buyers look for their new home online. Using a real estate agent can net you $39,000 more than FSBO’ing. There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional […]
Hurry Up and List Your House TODAY!!
That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist […]