Home Prices Up 5.05% Across the Country
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
3 Powerful Reasons to Buy a Home Now
Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today.
1. Affordability
Many people focus solely on price when talking about home affordability.
What Experts are Saying About the Current Housing Market
We’re halfway through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019.
Here’s what some have to say:
Danielle Hale, Chief Economist
What is the Cost of Waiting Until Next Year to Buy?
Some Highlights:
*The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time.
*Freddie Mac forecasts interest rates to rise to 4.5% by the Q4
A Tale of Two Markets
Some Highlights:
*An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!
*Inventory
What’s Going On with Bidding Wars?
In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy
2019 Will Be a Great Year for Buyers AND Sellers!
Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there