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Simplifying the Market™

Have You Outgrown Your Starter Home?

08/14/18 3:00 am

Have You Outgrown Your Starter Home? | Simplifying The MarketFor many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that the first home you purchased (which […]

Are You Thinking of Selling Your Home? Competition Is Coming!

08/13/18 3:00 am

Are You Thinking of Selling Your Home? Competition Is Coming! | Simplifying The MarketThe number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. […]

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]

08/10/18 3:00 am

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • According to the National Association of Realtors’ latest Existing Home Sales Report , sales in June were down 2.2% from last year.
  • Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market.
  • NAR’s Chief Economist Lawrence Yun had this to say: “There continues to be a mismatch since the spring between the growing level of homebuyer demand in most of the country in relation to the actual pace of home sales, which are declining. The root cause is without a doubt the severe housing shortage that is not releasing its grip on the nation’s housing market.”

Supply & Demand Will Determine Future Home Values

08/09/18 3:00 am

Supply & Demand Will Determine Future Home Values | Simplifying The MarketWill home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The amount of a commodity, product, or service […]

The Wave of Millennial Homebuyers Continues to Swell

08/08/18 3:00 am

The Wave of Millennial Homebuyers Continues to Swell | Simplifying The MarketMany have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that […]

5 Reasons to Hire a Real Estate Professional Before Entering the Market!

08/07/18 3:00 am

5 Reasons to Hire a Real Estate Professional Before Entering the Market! | Simplifying The MarketWhether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to guide you on the path to […]

Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!

08/06/18 3:00 am

Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner! | Simplifying The MarketIn a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.”  Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, […]

Home Buying Myths Slayed [INFOGRAPHIC]

08/03/18 3:00 am

Some Highlights:

  • The average down payment for first-time homebuyers is only 6%!
  • Despite mortgage interest rates being over 4%, rates are still below historic numbers.
  • 88% of property managers raised their rents in the last 12 months!

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