Do You Know the Real Cost of Renting vs. Buying?

Should you rent or buy? Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. Before you [...]

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First-time homebuyers. First Comes Love . . . Then Comes Mortgage?

Most first-time homebuyers are married. It is no surprise that having two incomes to contribute to monthly housing costs makes buying a home more attainable.  It also makes saving for a down payment a more attainable goal. According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once [...]

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Sales at Highest Pace in 10 Years!

Highlights: 5.45 million existing homes were sold in 2016! This is the highest mark set since 2006. Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999. The median price of homes sold in December was $232,200. This is the 58th consecutive month of year-over-year [...]

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

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: The University of Michigan Consumer Sentiment Index National Federation of Independent Businesses’ Small Business Optimism Index CNBC All-America Economic Survey The Conference Board Consumer Confidence Survey It usually [...]

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How Long Do Families Stay in a Home?

The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average [...]

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5 Reasons to Sell Before Spring!

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring! Thursday February 2nd, 2017 For Sellers, Housing Market Updates Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy [...]

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Buyers are Searching For Your House

The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forcasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year [...]

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Build your Real Estate Portfolio Starting with your Own House

The holidays are a great time to create your list of wants-and-needs for a new home. While you are at it, also ask yourself a question: Should you rent out your existing house instead of selling? Recent news shows that buying is cheaper than renting. When you turn that around it means rents are up [...]

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How to Boost your Home’s Curb-Appeal on a Tiny Budget

Not only does the exterior add value to your home, but it’s also the first picture potential home buyers see when you list your home for sale. I wanted to share with you few ways to enhance the curb appeal of your home with some elbow grease, and without spending a lot of money. Clean [...]

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How to Avoid Last Minute Grief When You Need a Mortgage

There’s a new trend that has raised its ugly head – tax return fraud. Now, before your eyes glaze over, listen up. Back in the day, before the “meltdown” of 2008, lenders were so anxious to make loans they didn’t focus on the borrowers’ income. Frankly, they didn’t seem to care as long as they, [...]

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