The Federal Reserve Bank (The Fed) recently released their 2019 Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, or region … Continue reading Americans’ Powerful Belief in Homeownership as an Investment
Buying Your First Home?
Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now. Real Estate is local. However, if you are Curious about the Value … Continue reading Buying Your First Home?
Americans Rank Real Estate Best Investment for 6 Years Running!
Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years. Stock owners are more positive about real estate than stocks as an investment. Of the 4 listed, real estate is the only investment you can also live in! Real Estate is local. … Continue reading Americans Rank Real Estate Best Investment for 6 Years Running!
What You Need to Know About Private Mortgage Insurance (PMI)
Whether you are buying in Naples, Sarasota or Punta Gorda, whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you … Continue reading What You Need to Know About Private Mortgage Insurance (PMI)
How Homeownership Delivers Unsurpassed Family Wealth
There are many financial benefits to homeownership, but probably none more important than its ability to create family wealth. How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is an online resource for research and information on how homeownership contributes to individual and community success. Their article, The First Rung on the … Continue reading How Homeownership Delivers Unsurpassed Family Wealth
2 Things You Need to Know to Properly Price Your Home
Price Your Home for a quick Sale! In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly. In the … Continue reading 2 Things You Need to Know to Properly Price Your Home
Is Aging in Place the Reason for the Inventory Shortage?
Are Older Generations Really Not Selling Their Homes? Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings show that Baby Boomers (43%) … Continue reading Is Aging in Place the Reason for the Inventory Shortage?
Are you ready to buy your next home?
Boomerang Buyers: Don’t Be Afraid to Buy a Home Again! According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.” According … Continue reading Are you ready to buy your next home?
Tips to start searching for Your Dream Home!
In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of … Continue reading Tips to start searching for Your Dream Home!
Home Prices going up or coming down?
What is Really Happening with Home Prices? Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expected … Continue reading Home Prices going up or coming down?