Will Housing Affordability Be a Challenge in 2017?

Posted by:

Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).

Here is how NAR defines the index:

“The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan ...

Continue Reading →
0

What Would a Millennial Baby Boom Mean for Housing?

Posted by:

Recently released data from the National Center for Health Statistics revealed that 1.3 million Millennial women gave birth for the first time in 2015. There are now over 16 million women in this generation who have become mothers.

“All told, Millennial women (those born between 1981 to 1997) accounted for about eight in ten (82%) of U.S. births in 2015.”

The data also shows that this generation has waited until later in life to become parents as only 42% of Millennial women ...

Continue Reading →
0

Interest Rates Heading up? What You Need To Know

Posted by:

Interest Rates Heading Up? What You Need To Know

Interest rates are expected to rise over 2017 and they are already one the move. 30 year fixed-rate mortgage rates were as low as 3.42% as recently as October and up to 4.12% for the week ending January 12, 2017. That .7% rise may not seem like much, but for a loan of $200,000, at 3.42% the monthly principal and interest payment would be $889.18 and for 4.12% the corresponding payment is ...

Continue Reading →
0

Getting a Jump on Spring By Listing Now

Posted by:

Getting a Jump on Spring by Listing Now!

If you are considering making a move this year and plan on listing in the next few weeks, I have some great tips to make your potential buyers feel more at home. The challenges of winter are many:

  • The sun is lower in the sky and therefore light comes in your home at sometimes-unflattering angles.
  • Deposits from snow, ice, and rain can make the entrance dirty and uninviting.
  • Plants that are dead or dormant can be ...
Continue Reading →
0

5 Myths About Real Estate Reality TV Explained

Posted by:

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Property Brothers,” and so many more, just in one sitting.

When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you ...

Continue Reading →
0

Why Pre-Approval Should Be Your First Step

Posted by:

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will ...

Continue Reading →
0

Prices Rose 7.1% Year-Over-Year

Posted by:

Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC] | MyKCM

Some Highlights:

  • CoreLogic’s latest Home Price Index shows that prices rose by 7.1% across the United States year-over-year.
  • With mortgage interest rates rising in the short term, CoreLogic believes price appreciation will slow to 4.7% by this time next year.
  • 49 out of 50 states, and the District of Columbia, all had positive appreciation over the last 12 months, with the only exception being the ...
Continue Reading →
0

Is This the Year to Move Up to Your Dream Home? If So, Do it Early

Posted by:

It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:

  1. The University of Michigan Consumer Sentiment Index
  2. National Federation of Independent Businesses’ Small Business Optimism Index
  3. CNBC All-America Economic Survey
  4. The Conference Board ...
Continue Reading →
0

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

Posted by:

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 his company “is focusing on the preferences of the younger half, or second-wave baby boomers, as they exhibit different needs ...

Continue Reading →
0

You Need a Professional on Your Team When Buying a Home

Posted by:

Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to do it on their own. In today’s market: you need an experienced professional!

You Need an Expert Guide if You Are Traveling a Dangerous Path

The field of real estate is loaded with land mines; you need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home that is priced ...

Continue Reading →
0
Page 28 of 33 «...10202627282930...»