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51

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Homeowners today have many options to avoid foreclosure, and equity is surely helping to keep many afloat. Even if today’s rate of foreclosures doubles, it will still only hit a mark that is more in line with a historically normalized range, a very good sign for homeowners and the housing market.
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                    [created_at] => 2019-06-03T18:18:43Z
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                    [name] => Foreclosures
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    [contents] => With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the last recession. Here’s why.

According to Black Knight Inc., the number of those in active forbearance has been leveling-off over the past month (see graph below):Black Knight Inc. also notes, of the original 4,208,000 families granted forbearance, only 2,588,000 of these homeowners got an extension. Many homeowners have once again started to pay their mortgages, paid off their homes, or never went delinquent on their payments in the first place. They may have applied for forbearance out of precaution, but never fully acted on it (see graph below):The housing market, and homeowners, therefore, are in a much better position than many may think. Much of that has to do with the fact that today’s homeowners have more equity than most realize. According to John Burns Consulting, over 42% of homes are owned free and clear, meaning they are not tied to a mortgage. Of the remaining 58%, the average homeowner has $177,000 in equity. That number is keeping many homeowners afloat today and giving them options to avoid foreclosure.

While ATTOM Data Solutions indicates that there is a potential for the number of foreclosures to increase throughout the country, it’s important to understand why they won’t rock the housing market this time around:
“The United States faces a possible foreclosure surge over the coming months that could more than double the number of households threatened with eviction for not paying their mortgages.”
That number may sound massive, but it is actually much smaller than it seems at first glance. Today’s actual quarterly active foreclosure number is 74,860. That’s over 7.5x lower than the number of foreclosures the country saw at the peak of the housing crash in 2009. When looking at the graph below, it’s clear that even if the number of quarterly foreclosures today doubles, as ATTOM Data Solutions indicates is a possibility (not a given), they will only reach what historically-speaking is a normalized range, far below what up-ended the housing market roughly 10 years ago.Equity is growing, jobs are returning, and the economy is slowly recovering, so the perfect storm for a wave of foreclosures is not realistically in the housing market forecast. As Odeta Kushi, Deputy Chief Economist for First American notes:
“Alone, economic hardship and a lack of equity are each necessary, but not sufficient to trigger a foreclosure. It is only when both conditions exist that a foreclosure becomes a likely outcome.”
While our hearts are with anyone who may end up in foreclosure as a result of this crisis, we do know that today’s homeowners have more options than they did 10 years ago. For some, it may mean selling their house and downsizing with that equity, which is a far better outcome than foreclosure.
Bottom Line
Homeowners today have many options to avoid foreclosure, and equity is surely helping to keep many afloat. Even if today’s rate of foreclosures doubles, it will still only hit a mark that is more in line with a historically normalized range, a very good sign for homeowners and the housing market.
    [created_at] => 2020-08-12T06:00:37Z
    [description] => With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the last recession. Here’s why.
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    [id] => 1686
    [kcm_ig_caption] => With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the last recession. Here’s why.

According to Black Knight Inc., the number of those in active forbearance has been leveling-off over the past month. Black Knight Inc. also notes, of the original 4,208,000 families granted forbearance, only 2,588,000 of these homeowners got an extension. Many homeowners have once again started to pay their mortgages, paid off their homes, or never went delinquent on their payments in the first place.

Today’s homeowners have more equity than most realize. According to John Burns Consulting, over 42% of homes are owned free and clear, meaning they are not tied to a mortgage. Of the remaining 58%, the average homeowner has $177,000 in equity. That number is keeping many homeowners afloat today and giving them options to avoid foreclosure.

Equity is growing, jobs are returning, and the economy is slowly recovering, so the perfect storm for a wave of foreclosures is not realistically in the housing market forecast. As Odeta Kushi, Deputy Chief Economist for First American notes, “Alone, economic hardship and a lack of equity are each necessary, but not sufficient to trigger a foreclosure. It is only when both conditions exist that a foreclosure becomes a likely outcome.”

While our hearts are with anyone who may end up in foreclosure as a result of this crisis, we do know that today’s homeowners have more options than they did 10 years ago. For some, it may mean selling their house and downsizing with that equity, which is a far better outcome than foreclosure.
    [kcm_ig_hashtags] => realestate,foreclosure,forbearance,homeownership,realestategoals,realestatetips,realestatelife,realestatenews,realestateagent,realestateexpert,realestateagency,realestateadvice,realestateblog,realestatemarket,realestateexperts,realestateagents,instarealestate,instarealtor,realestatetipsoftheday,realestatetipsandadvice,keepingcurrentmatters
    [kcm_ig_quote] => Foreclosures won’t crush the housing market next year.
    [published_at] => 2020-08-12T10:00:37Z
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    [title] => Why Foreclosures Won’t Crush the Housing Market Next Year
    [updated_at] => 2020-08-12T10:00:38Z
    [url] => /2020/08/12/why-foreclosures-wont-crush-the-housing-market-next-year/
)

Why Foreclosures Won’t Crush the Housing Market Next Year

August 12, 2020

With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the last recession. Here’s why.

51

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 	National Homeownership Month is a great time to reflect on how we can each promote stronger community growth.
 	Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a positive impact on our local communities.
 	Let’s connect today if homeownership is part of your future plans.

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Some Highlights


 	National Homeownership Month is a great time to reflect on how we can each promote stronger community growth.
 	Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a positive impact on our local communities.
 	Let’s connect today if homeownership is part of your future plans.

    [created_at] => 2020-06-05T06:00:52Z
    [description] => Some Highlights

 	National Homeownership Month is a great time to reflect on how we can each promote stronger community growth.
 	Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a positive impact on our local communities.
 	

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    [kcm_ig_caption] => National Homeownership Month is a great time to reflect on how we can each promote stronger community growth. Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a positive impact on our local communities. DM me today if homeownership is part of your future plans.
    [kcm_ig_hashtags] => Homeownership,community,inspiration,motivation,mindset,inspiredaily,dreamhome,homesweethome,inspiredaily,dream,hustle,realestatetips,realestatestats,realestateinfo,keepingcurrentmatters
    [kcm_ig_quote] => National Homeownership Month
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    [title] => National Homeownership Month [INFOGRAPHIC]
    [updated_at] => 2023-01-19T03:49:58Z
    [url] => /2020/06/05/national-homeownership-month-infographic/
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National Homeownership Month [INFOGRAPHIC]

June 05, 2020

Some Highlights

National Homeownership Month is a great time to reflect on how we can each promote stronger community growth.
Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a positive impact on our local communities.

51

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The benefits of homeownership are vast and go well beyond the surface level. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact on your local economy. If owning a home is part of your dream, let’s connect today so you can begin the homebuying process.
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                    [published_at] => 2024-04-10T15:59:33Z
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                                    [name] => Compradores de vivienda por primera vez
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                    [updated_at] => 2024-04-10T15:59:33Z
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    [contents] => More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.

June is National Homeownership Month, and it’s a great time to reflect on the benefits of owning your own home. Below are some highlights and quotes recently shared by the National Association of Realtors (NAR). From non-financial to financial, and even including how owning a home benefits your local economy, these items may give you reason to think homeownership stretches well beyond a sound dollars and cents investment alone.
Non-Financial Benefits
Owning a home brings families a sense of happiness, satisfaction, and pride.

 	Pride of Ownership: It feels good to have a place that’s truly your own, especially since you can customize it to your liking. “The personal satisfaction and sense of accomplishment achieved through homeownership can enhance psychological health, happiness and well-being for homeowners and those around them.”
 	Property Maintenance and Improvement: Your home is your stake in the community, and a way to give back by driving value into your neighborhood.
 	Civic Participation: Homeownership creates stability, a sense of community, and increases civic engagement. It’s a way to add to the strength of your local area.

Financial Benefits
Buying a home is also an investment in your family’s financial future.

 	Net Worth: Homeownership builds your family’s net worth. “The median family net worth for all homeowners ($231,400) increased by nearly 15% since 2013, while net worth ($5,000) actually declined by approximately 9% since 2013 for renter families.”
 	Financial Security: Equity, appreciation, and predictable monthly housing expenses are huge financial benefits of homeownership. Homeownership is truly the best way to improve your long-term net worth.

Economic Benefits 
Homeownership is even a local economic driver.

 	Housing-Related Spending: An economic force throughout our nation, housing-related expenses accounted for more than one-sixth of the country’s economic activity over the past three decades.
 	GDP Growth: Homeownership also helps drive GDP growth as the country aims to make an economic rebound. “Every 10% increase in total housing market wealth would translate to approximately $147 billion in additional consumer spending, or 0.8% of GDP, as well as billions of dollars in new federal tax revenue.”
 	Entrepreneurship: Homeownership is even a form of forced savings that provides entrepreneurial opportunities as well. “Owning a home enables new entrepreneurs to obtain access to credit to start or expand a business and generate new jobs by using their home as collateral for small business loans.”

Bottom Line
The benefits of homeownership are vast and go well beyond the surface level. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact on your local economy. If owning a home is part of your dream, let’s connect today so you can begin the homebuying process.
    [created_at] => 2020-06-01T06:00:49Z
    [description] => More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.
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    [kcm_ig_caption] => June is National Homeownership Month, and it’s a great time to reflect on the benefits of owning your own home. From the satisfaction you get in crafting and designing your own space to the financial benefits of equity and appreciation, homeownership is a clear win. In addition, it's a local economic driver, allowing you to give back to your community through housing-related spending and more.

If owning a home is part of your dream, DM me today so you can begin the homebuying process.

    [kcm_ig_hashtags] => Nationalhomeownershipmonth,NAR,firsttimehomebuyer,opportunity,housingmarket,househunting,makememove,homegoals,houseshopping,housegoals,locationlocationlocation,newlisting,homeforsale,renovated,starterhome,dreamhome,curbappeal,keepingcurrentmatters
    [kcm_ig_quote] => The benefits of homeownership may reach further than you think.
    [published_at] => 2020-06-01T10:00:49Z
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    [title] => The Benefits of Homeownership May Reach Further Than You Think
    [updated_at] => 2020-06-01T10:00:49Z
    [url] => /2020/06/01/the-benefits-of-homeownership-may-reach-further-than-you-think/
)

The Benefits of Homeownership May Reach Further Than You Think

June 01, 2020

More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.

51

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The fear and uncertainty we feel right now are very real, and this is not going to be easy. We can, however, see strength in our current market through homeowner equity that has not been there in the past. That may be a bright spark to help us make it through.
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    [content_type] => blog
    [contents] => Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today, are important parts of seeing the picture clearly when sorting through this uncertainty.

One of the biggest questions right now is whether this historic unemployment rate will initiate a new surge of foreclosures in the market. It’s a very real fear. Despite the staggering number of claims, there are actually many reasons why we won’t see a significant number of foreclosures like we did during the housing crash twelve years ago. The amount of equity homeowners have today is a leading differentiator in the current market.

Today, according to John Burns Consulting, 58.7% of homes in the U.S. have at least 60% equity. That number is drastically different than it was in 2008 when the housing bubble burst. The last recession was painful, and when prices dipped, many found themselves owing more on their mortgage than what their homes were worth. Homeowners simply walked away at that point. Now, 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear. Those homes are not at risk for foreclosure (see graph below): In addition, CoreLogic notes the average equity mortgaged homes have today is $177,000. That’s a significant amount that homeowners won’t be stepping away from, even in today’s economy (see chart below):In essence, the amount of equity homeowners have today positions them to be in a much better place than they were in 2008.
Bottom Line 
The fear and uncertainty we feel right now are very real, and this is not going to be easy. We can, however, see strength in our current market through homeowner equity that has not been there in the past. That may be a bright spark to help us make it through.
    [created_at] => 2020-05-06T06:00:14Z
    [description] => Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today, are important parts of seeing the picture clearly when sorting through this uncertainty.
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    [kcm_ig_caption] => Today, according to John Burns Consulting, 58.7% of homes in the U.S. have at least 60% equity. That number is drastically different than it was in 2008 when the housing bubble burst.

The last recession was painful, and when prices dipped, many found themselves owing more on their mortgage than what their homes were worth. Homeowners simply walked away at that point. Now, 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear. Those homes are not at risk for foreclosure.

In addition, CoreLogic notes the average equity mortgaged homes have today is $177,000. That’s a significant amount that homeowners won’t be stepping away from, even in today’s economy. If you’re wondering how you're positioned in today's market, DM me to learn more.
    [kcm_ig_hashtags] => homeequity,equityposition,covid19,coronavirus,recession,stayinformed,staycurrent,realestate,timetobuyahome,homeownership,homebuying,realestategoals,realestatetips,realestatelife,realestatenews,realestateagent,realestateexpert,realestateagency,realestateadvice,realestateblog,realestatemarket,realestateexperts,realestateagents,instarealestate,instarealtor,realestatetipsoftheday,realestatetipsandadvice,keepingcurrentmatters
    [kcm_ig_quote] => Home equity is a bright spark in the housing market.
    [published_at] => 2020-05-06T10:00:14Z
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    [title] => Why Home Equity Is a Bright Spark in the Housing Market
    [updated_at] => 2020-05-06T13:55:53Z
    [url] => /2020/05/06/why-home-equity-is-a-bright-spark-in-the-housing-market/
)

Why Home Equity Is a Bright Spark in the Housing Market

May 06, 2020

Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today, are important parts of seeing the picture clearly when sorting through this uncertainty.

51
stdClass Object ( [agents_bottom_line] => Concerns about a recession are real, but housing isn’t the driver. If you have questions about what it means for your family’s homebuying or selling plans, let’s connect to discuss your needs. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms.
1. The Market Today Is Vastly Different from 2008
We all remember 2008. This is not 2008. Today’s market conditions are far from the time when housing was a key factor that triggered a recession. From easy-to-access mortgages to skyrocketing home price appreciation, a surplus of inventory, excessive equity-tapping, and more – we’re not where we were 12 years ago. None of those factors are in play today. Rest assured, housing is not a catalyst that could spiral us back to that time or place. According to Danielle Hale, Chief Economist at Realtor.com, if there is a recession:
"It will be different than the Great Recession. Things unraveled pretty quickly, and then the recovery was pretty slow. I would expect this to be milder. There's no dysfunction in the banking system, we don't have many households who are overleveraged with their mortgage payments and are potentially in trouble."
In addition, the Goldman Sachs GDP Forecast released this week indicates that although there is no growth anticipated immediately, gains are forecasted heading into the second half of this year and getting even stronger in early 2021.Both of these expert sources indicate this is a momentary event in time, not a collapse of the financial industry. It is a drop that will rebound quickly, a stark difference to the crash of 2008 that failed to get back to a sense of normal for almost four years. Although it poses plenty of near-term financial challenges, a potential recession this year is not a repeat of the long-term housing market crash we remember all too well.
2. A Recession Does Not Equal a Housing Crisis
Next, take a look at the past five recessions in U.S. history. Home values actually appreciated in three of them. It is true that they sank by almost 20% during the last recession, but as we’ve identified above, 2008 presented different circumstances. In the four previous recessions, home values depreciated only once (by less than 2%). In the other three, residential real estate values increased by 3.5%, 6.1%, and 6.6% (see below):
3. We Can Be Confident About What We Know
Concerns about the global impact COVID-19 will have on the economy are real. And they’re scary, as the health and wellness of our friends, families, and loved ones are high on everyone’s emotional radar. According to Bloomberg,
“Several economists made clear that the extent of the economic wreckage will depend on factors such as how long the virus lasts, whether governments will loosen fiscal policy enough and can markets avoid freezing up.”
That said, we can be confident that, while we don’t know the exact impact the virus will have on the housing market, we do know that housing isn’t the driver. The reasons we move – marriage, children, job changes, retirement, etc. – are steadfast parts of life. As noted in a recent piece in the New York Times, “Everyone needs someplace to live.” That won’t change.
Bottom Line
Concerns about a recession are real, but housing isn’t the driver. If you have questions about what it means for your family’s homebuying or selling plans, let’s connect to discuss your needs. [created_at] => 2020-03-18T06:00:44Z [description] => In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2020/03/17165504/20200318-KCM-Share.jpg [id] => 1581 [kcm_ig_caption] => With concerns of a global recession on everyone’s minds, it’s important to take an objective look at what has happened in the past and how things have changed. 1. We all remember 2008. This is not 2008. We are far from the time when housing was a key factor that triggered a recession. Housing is not a catalyst that could spiral us back to that time or place. 2. A recession does not equal a housing crisis. In three of the past five recessions, home values appreciated. They dropped by less than 2% in the fourth. 3. Concerns about the global impact COVID-19 will have on the economy are real. We can be confident, however, that while we don’t know the exact impact the virus will have on the housing market, we know that housing isn’t the driver. Concerns about a recession are real, but the housing market isn’t tied up in that the way it was in 2008. DM me if you have questions about what this means for your family’s homebuying or selling plans. [kcm_ig_hashtags] => covid19,coronavirus,recession,recession2020,realestate,timetobuyahome,homeownership,homebuying,realestategoals,realestatetips,realestatelife,realestatenews,realestateagent,realestateexpert,realestateagency,realestateadvice,realestateblog,realestatemarket,realestateexperts,realestateagents,instarealestate,instarealtor,realestatetipsoftheday,realestatetipsandadvice,keepingcurrentmatters [kcm_ig_quote] => This Market Is Not a Housing Crisis [published_at] => 2020-03-18T10:00:44Z [related] => Array ( ) [slug] => three-reasons-why-this-is-not-a-housing-crisis [status] => published [tags] => Array ( ) [title] => Three Reasons Why This Is Not a Housing Crisis [updated_at] => 2020-03-26T17:59:53Z [url] => /2020/03/18/three-reasons-why-this-is-not-a-housing-crisis/ )
Three Reasons Why This Is Not a Housing Crisis
March 18, 2020

In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms.

51
stdClass Object ( [agents_bottom_line] => This may be the year to take advantage of your home equity by applying it forward, either as you downsize or as you move up to a new home. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 9 [name] => Home Prices [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => home-prices [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Precios ) ) [updated_at] => 2019-06-03T18:18:43Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner’s equity position. Home equity is defined as the difference between a home's fair market value and the outstanding balance of all liens on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value increases. Today, the number of homeowners that currently have significant equity in their homes is growing. According to the Census Bureau, 38% of all homes in the country are mortgage-free. In a home equity study, ATTOM Data Solutions revealed that of the 54.5 million homes with a mortgage, 26.7% of them have at least 50% equity. That number has been increasing over the last eight years. CoreLogic also notes:
“…the average homeowner gained approximately $5,300 in equity during the past year.”
The map below shows a breakdown of the increasing equity gain across the country, painting a clear picture that home equity is growing in nearly every state.
Bottom Line
This may be the year to take advantage of your home equity by applying it forward, either as you downsize or as you move up to a new home. [created_at] => 2020-03-10T06:00:16Z [description] => Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner’s equity position. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2020/03/05104920/20200310-KCM-Share.jpg [id] => 1574 [kcm_ig_caption] => One of the benefits of rising home prices is the impact they have on a homeowner’s equity position – a form of forced savings that builds as the value of the home increases. Today, the number of homeowners that currently have significant equity in their homes is growing in almost every state. According to CoreLogic, “…the average homeowner gained approximately $5,300 in equity during the past year." DM me if you’re ready to find out how much equity you have to put toward your next home, so you can move up or downsize this year. [kcm_ig_hashtags] => homeequity,moveuphome,forcedsavings,growingequity,opportunity,housingmarket,homegoals,housegoals,investmentproperty,emptynest,downsizing,locationlocationlocation,newlisting,homeforsale,renovated,starterhome,dreamhome,keepingcurrentmatters [kcm_ig_quote] => Equity Gain Is Growing in Nearly Every State [published_at] => 2020-03-10T10:00:16Z [related] => Array ( ) [slug] => equity-gain-growing-in-nearly-every-state [status] => published [tags] => Array ( ) [title] => Equity Gain Growing in Nearly Every State [updated_at] => 2020-03-18T14:37:11Z [url] => /2020/03/10/equity-gain-growing-in-nearly-every-state/ )
Equity Gain Growing in Nearly Every State
March 10, 2020

Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner’s equity position.

51
stdClass Object ( [agents_bottom_line] => “Aging-in-place” definitely has its advantages, but it could mean getting “stuck-in-place” too. There are many health benefits derived from socialization with a community of people that shares common interests. It’s important to take the need for human interaction into consideration when making a decision about where to spend the later years in life. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 34 [name] => Senior Market [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => senior-market [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Mercado de la tercera edad ) ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting the fact that our eyes aren’t as good as they used to be, it helps to be around people who not only understand what we’re saying but actually feel the same joys and concerns as well. That’s why many boomers are deciding to move into an active adult community. In the latest 55places National Housing Survey, they were described by one out of three seniors as an “outgoing, social community of likeminded people.” Bill Ness, Chief Executive Officer and Founder of 55places.com, explains:
“Baby boomers are now reaching the age when moving to an active adult community is the ideal opportunity for them…Many boomers now want to downsize, experience a maintenance-free lifestyle, and pursue more social opportunities. It’s exciting that there are so many choices for baby boomers.”
There’s still a desire, however, among many seniors to “age-in-place.” According to the Senior Resource Guide, aging-in-place means:
“…that you will be remaining in your own home for the later years of your life; not moving into a smaller home, assisted living, or a retirement community etcetera.”
The challenge is, many seniors live in suburban or rural areas, and that often necessitates driving significant distances to see friends or attend other social engagements. A recent report from the Joint Center for Housing Studies of Harvard University (JCHS) titled Housing America’s Older Adults addressed this exact concern:
“The growing concentration of older households in outlying communities presents major challenges for residents and service providers alike. Single-family homes make up most of the housing stock in low-density areas, and residents typically need to be able to drive to do errands, see doctors, and socialize.”
The Kiplinger report also chimed in on this subject:
“While most seniors say they want to age in place, a much smaller percentage of them actually manage to accomplish it, studies show. Transportation is often a problem; when you can no longer drive, you can’t get to medical appointments or to other outings.”
Driving may not be a challenge right now, but think about what it may be like to drive 10, 20, or 30 years down the road. There are also health challenges brought on by a possible lack of socialization when living at home versus a community of seniors. Sarah J. Stevenson is an author who writes about seniors. In a recent blog post for A Place for Mom, she explains:
“Social contacts tend to decrease as we age for reasons such as retirement, the death of friends and family, or lack of mobility.”
Thankfully, research from the same article suggests if you’re spending time with others in a community, thus reducing the impact of loneliness and isolation, there’s less of a risk of developing high blood pressure, obesity, heart disease, a weakened immune system, depression, anxiety, cognitive decline, Alzheimer’s disease, and early death. Though the familiarity of our current home may bring a feeling of warmth, comfort, and convenience, it’s important to understand that staying there may mean missing out on crucial socialization opportunities. Living with adult children, joining a retirement community, or moving to an assisted living facility can help us continue to be with people we enjoy every day.
Bottom Line
“Aging-in-place” definitely has its advantages, but it could mean getting “stuck-in-place” too. There are many health benefits derived from socialization with a community of people that shares common interests. It’s important to take the need for human interaction into consideration when making a decision about where to spend the later years in life. [created_at] => 2020-02-19T06:00:04Z [description] => There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting the fact that our eyes aren’t as good as they used to be, it helps to be around people who not only understand what we’re saying but actually feel the same joys and concerns as well. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2020/02/18144056/20200219-KCM-Share.jpg [id] => 1560 [published_at] => 2020-02-19T10:00:04Z [related] => Array ( ) [slug] => the-many-benefits-of-aging-in-a-community [status] => published [tags] => Array ( ) [title] => The Many Benefits of Aging in a Community [updated_at] => 2020-02-19T11:00:04Z [url] => /2020/02/19/the-many-benefits-of-aging-in-a-community/ )
The Many Benefits of Aging in a Community
February 19, 2020

There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting the fact that our eyes aren’t as good as they used to be, it helps to be around people who not only understand what we’re saying but actually feel the same joys and concerns as well.

51
stdClass Object ( [agents_bottom_line] => There probably won’t be a recession this year. That’s good news for you, whether you’re looking to buy or sell a home. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020). The same study done just three months ago showed more than one third of the economists still saw an economic slowdown right around the corner. The news caused concern among consumers. This is evidenced by a recent survey done by realtor.com that shows 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur by the end of this year.
Wait! It seems the experts are changing their minds….
Now, in an article earlier this month, the Wall Street Journal (WSJ) revealed only 14.3% of those economists now believe we’re in danger of a recession occurring this year (see graph below):The WSJ article strongly stated,
“The U.S. expansion, now in its 11th year, will continue through the 2020 presidential election with a healthy labor market backing it up, economists say.”
This optimism regarding the economy was repeated by others as well. CNBC, quoting Goldman Sachs economists:
“Just months after almost everyone on Wall Street worried that a recession was just around the corner, Goldman Sachs said a downturn is unlikely over the next several years. In fact, the firm’s economists stopped just short of saying that the U.S. economy is recession-proof.”
Barron’s:
“When Barron’s gathers some of Wall Street’s best minds—as we do every January for our annual Roundtable—we expect some consensus, some disagreement…But the 10 veteran investors and economists who convened in New York on Jan. 6 at the Barron’s offices agree that there’s almost no chance of a recession this year.”
Washington Post:
“The U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution of two trade-related threats mostly eliminated the risk of a recession.”
Robert A. Dye, Chief Economist at Comerica Bank:
"I expect that the U.S. economy will avoid a recession in 2020."

Bottom Line
There probably won’t be a recession this year. That’s good news for you, whether you’re looking to buy or sell a home. [created_at] => 2020-01-30T06:00:40Z [description] => We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020). The same study done just three months ago showed more than one third of the economists still saw an economic slowdown right around the corner. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2020/01/28111902/20200130-KCM-Share.jpg [id] => 1546 [published_at] => 2020-01-30T10:00:40Z [related] => Array ( ) [slug] => strength-of-the-economy-is-surprising-the-experts [status] => published [tags] => Array ( ) [title] => Strength of the Economy Is Surprising the Experts [updated_at] => 2020-01-30T11:00:40Z [url] => /2020/01/30/strength-of-the-economy-is-surprising-the-experts/ )
Strength of the Economy Is Surprising the Experts
January 30, 2020

We’re currently in the longest economic recovery in U.S. history. That has caused some to ask experts to project when the next economic slowdown (recession) could occur. Two years ago, 67% of the economists surveyed by the Wall Street Journal (WSJ) for the Economic Forecasting Survey predicted we would have a recession no later than the end of this year (2020). The same study done just three months ago showed more than one third of the economists still saw an economic slowdown right around the corner.

51
stdClass Object ( [agents_bottom_line] => Buying a home sooner rather than later could lead to substantial savings and long-term financial growth for you and your family. Let’s get together to determine if homeownership is the right choice for you this year. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 53 [name] => Rent vs. Buy [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => rent-vs-buy [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Alquilar Vs. Comprar ) ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => Outside of a strong economy, low unemployment, and higher wages, there are three more great reasons why you may want to consider buying your dream home this year instead of waiting.
1. Buying a Home is a Great Investment
Several reports indicate that real estate is a good investment, topping other options such as gold, stocks, bonds, and savings. Why? Real estate helps build equity, a form of investing for you and your family. According to CoreLogic’s Equity Report,
“U.S. homeowners with mortgages (roughly 64% of all properties) have seen their equity increase by a total of nearly $457 billion since the third quarter 2018, an increase of 5.1%, year over year.”
This means the average homeowner gained approximately $5,300 in equity over the past year. If you want to start building your equity, put your housing costs to work for you through homeownership this year.
2. Mortgage Interest Rates Are Low
The Primary Mortgage Market Survey from Freddie Mac indicates that interest rates for a 30-year mortgage have fallen since November 2018 when they hit 4.94%. In their latest forecast, Freddie Mac expects rates to remain low, leveling out to a yearly average of 3.8% in 2020. When you purchase a home at a low mortgage rate, it will impact your monthly mortgage payment, giving you the opportunity to buy more house for your money.
3. Investing in Your Family is a Win
There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you’re living rent-free with your parents, you’re paying a mortgage – either yours or that of your landlord. Today, rental prices continue to increase, and when you’re paying your landlord’s mortgage instead of your own, you’re not the one earning the equity. As an owner, your mortgage payment is a form of ‘forced savings’ you can use later in life to reinvest in your family. You can use it for a variety of opportunities, such as saving for your children’s education, moving up to a bigger home, or starting your own business. As a renter, it can be more challenging to achieve those types of dreams without home equity working for you.
Bottom Line
Buying a home sooner rather than later could lead to substantial savings and long-term financial growth for you and your family. Let’s get together to determine if homeownership is the right choice for you this year. [created_at] => 2020-01-06T06:00:32Z [description] => Outside of a strong economy, low unemployment, and higher wages, there are three more great reasons why you may want to consider buying your dream home this year instead of waiting. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/12/28163143/20200106-KCM-Share.jpg [id] => 1528 [published_at] => 2020-01-06T10:00:32Z [related] => Array ( ) [slug] => 3-benefits-to-buying-your-dream-home-this-year [status] => published [tags] => Array ( ) [title] => 3 Benefits to Buying Your Dream Home This Year [updated_at] => 2020-01-06T11:00:32Z [url] => /2020/01/06/3-benefits-to-buying-your-dream-home-this-year/ )
3 Benefits to Buying Your Dream Home This Year
January 06, 2020

Outside of a strong economy, low unemployment, and higher wages, there are three more great reasons why you may want to consider buying your dream home this year instead of waiting.

51
stdClass Object ( [agents_bottom_line] => If you’re curious about your home’s equity, let’s get together to do a market analysis on the current value of your house. You may be pleasantly surprised. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Studies have shown that, in many cases, the largest asset a family owns is the house they live in. Over the last twelve months, that asset has gained substantial value. CoreLogic just released their 2019 3rd Quarter Homeowner Equity Insights Report. The report revealed that:
“U.S. homeowners with mortgages (roughly 64% of all properties) have seen their equity increase by a total of nearly $457 billion since the third quarter 2018, an increase of 5.1%, year over year.”
The equity in a property is determined by comparing the current value of the property against the outstanding mortgage debt. As prices rise, the equity in a home increases.
The report went on to explain that the average homeowner gain in equity over the last twelve months was $5,300.
Here’s a map showing the average equity gain by state:Since the housing crash in 2008, many homeowners have felt trapped in their current houses, as they didn’t have enough equity to sell. The gains in equity over the past few years may have freed some homeowners who have a desire to move.
Bottom Line
If you’re curious about your home’s equity, let’s get together to do a market analysis on the current value of your house. You may be pleasantly surprised. [created_at] => 2019-12-19T06:00:22Z [description] => Studies have shown that, in many cases, the largest asset a family owns is the house they live in. Over the last twelve months, that asset has gained substantial value. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/12/18130224/20191219-KCM-Share.jpg [id] => 1516 [published_at] => 2019-12-19T10:00:22Z [related] => Array ( ) [slug] => 5300-reasons-to-be-happy-youre-a-homeowner [status] => published [tags] => Array ( ) [title] => 5,300 Reasons to Be Happy You’re a Homeowner [updated_at] => 2020-01-28T15:44:40Z [url] => /2019/12/19/5300-reasons-to-be-happy-youre-a-homeowner/ )
5,300 Reasons to Be Happy You’re a Homeowner
December 19, 2019

Studies have shown that, in many cases, the largest asset a family owns is the house they live in. Over the last twelve months, that asset has gained substantial value.

51
stdClass Object ( [agents_bottom_line] => [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Below are five compelling reasons to list your house this winter.
1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase, and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home. Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Inventory is still under the 6-month supply needed for a normal housing market. This means in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move. Many homeowners were reluctant to list their homes over the last couple of years, for fear they would not find a home to move into. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.
3. Buyers Are Serious at This Time of Year
Traditionally, homeowners think about spring as a great time to list their homes, when more buyer traffic may be out there actively searching. In the winter, however, the buyers who are seeking a home – whether for relocation or otherwise – are serious ones. They’re ready to make offers and they’re eager to move, often quickly. Your house may be exactly what they’re looking for, so listing when other potential sellers are holding off may be your best opportunity to shine.
4. There Will Never Be a Better Time to Move Up
If your next move will be into the premium or luxury market, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you're planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that now. Demand for your entry-level home is high, and inventory in the luxury or premium market is too. According to CoreLogic, prices are projected to appreciate by 5.6% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and in your mortgage) if you wait.
5. It’s Time to Move On With Your Life
Look at the reason you decided to sell in the first place and determine whether it’s worth waiting. Is money more important than being with family? Are you ready to go on with your life the way you think you should? Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market this winter. Perhaps the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.
[created_at] => 2019-12-02T06:00:31Z [description] => Below are five compelling reasons to list your house this winter. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/11/22121515/20191202-KCM-Share.jpg [id] => 1503 [published_at] => 2019-12-02T10:00:31Z [related] => Array ( ) [slug] => 5-reasons-to-sell-this-winter-3 [status] => published [tags] => Array ( ) [title] => 5 Reasons to Sell This Winter [updated_at] => 2019-12-02T11:00:31Z [url] => /2019/12/02/5-reasons-to-sell-this-winter-3/ )
5 Reasons to Sell This Winter
December 02, 2019

Below are five compelling reasons to list your house this winter.

51
stdClass Object ( [agents_bottom_line] => If you want to increase your savings and overall net worth, real estate is a great way to go. To learn how you can make it happen, let’s get together to discuss the process.
Who is Brent Sutherland?
Sutherland was 35 when he bought his first single home to rent out for income, less than five years later, he owns eight additional properties and part of a commercial real estate project. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate:
1. Real estate diversifies your income

"While it is certainly important to be properly diversified with your investments, it is even more important to be diversified with your income. This is because the largest financial risk for most of you is the loss of your primary source of income, which is typically in the form of a day job."
The article highlights how having multiple sources of income, such as those derived from real estate investments, can eventually lead to relying less and less on a day job. Sound dreamy? It can be. When done well, real estate investments may eventually open up your time and the financial freedom to explore other things, like travel and other aspirations you may have for the future, particularly in the golden years of retirement.
2. Real estate produces near-immediate results

"You can achieve and feel the results almost immediately. Property improvements are visible and tangible. You can cash, spend, and invest rent payments. Today! Not 30 years in the future."
Currently, home prices are appreciating in all price ranges, and just last week CoreLogic announced their 12-month home value projection at 5.6%, an increase from 4.5% noted earlier this summer. With that in mind, real estate today is definitely driving immediate results!
3. Passive income can help you become financially independent sooner

"If you need $40,000 a year to live, you could alternatively invest in assets that generate an 8% cash-on-cash return. This is a very reasonable assumption. And it means you would only need to save a total of $500,000 (instead of $1 million). Yet, your investments would still meet your annual household living needs. While returns, taxes, and inflation can, of course, affect your timeline, cash-flowing real-estate is a clear asset.”
Homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you’re contributing to your net worth by increasing the equity in your home, bringing you one step closer to true financial independence.
Bottom Line
If you want to increase your savings and overall net worth, real estate is a great way to go. To learn how you can make it happen, let’s get together to discuss the process.
Who is Brent Sutherland?
Sutherland was 35 when he bought his first single home to rent out for income, less than five years later, he owns eight additional properties and part of a commercial real estate project. [created_at] => 2019-11-19T06:00:05Z [description] => Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate: [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/11/07133501/20191119-KCM-Share.jpg [id] => 1494 [published_at] => 2019-11-19T10:00:05Z [related] => Array ( ) [slug] => expert-advice-3-benefits-to-owning-a-home [status] => published [tags] => Array ( ) [title] => Expert Advice: 3 Benefits to Owning a Home [updated_at] => 2019-12-28T21:21:33Z [url] => /2019/11/19/expert-advice-3-benefits-to-owning-a-home/ )
Expert Advice: 3 Benefits to Owning a Home
November 19, 2019

Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate:

51
stdClass Object ( [agents_bottom_line] => [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights Report shows that home prices have appreciated by 3.6% over the last 12 months. The same report predicts prices will continue to increase at a rate of 5.8% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Next Year The Primary Mortgage Market Survey from Freddie Mac indicates that interest rates for a 30-year mortgage have recently hovered just above 3.5%. This is great news for buyers in the market right now, because low interest rates increase your purchasing power – but don’t wait! Most experts predict rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting that rates will increase by this time next year. An increase in rates will impact your monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is needed to buy your next home. 3. Either Way, You Are Paying a Mortgage There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you’re living rent-free with your parents, you are paying a mortgage – either yours or that of your landlord. As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity. Are you ready to put your housing costs to work for you? 4. It’s Time to Move on With Your Life The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears both are on the rise. But what if they weren’t? Would you wait? Look at the actual reason you’re buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over custom renovations, maybe now is the time to buy.
Bottom Line
Buying a home sooner rather than later could lead to substantial savings. Let’s get together to determine if homeownership is the right choice for you and your family this fall. [created_at] => 2019-10-28T06:00:28Z [description] => Here are four great reasons to consider buying a home today, instead of waiting. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/10/22141537/20191028-KCM-Share.jpg [id] => 1470 [published_at] => 2019-10-28T10:00:28Z [related] => Array ( ) [slug] => 4-reasons-to-buy-a-home-this-fall-2 [status] => published [tags] => Array ( ) [title] => 4 Reasons to Buy a Home This Fall [updated_at] => 2019-10-28T19:38:13Z [url] => /2019/10/28/4-reasons-to-buy-a-home-this-fall-2/ )
4 Reasons to Buy a Home This Fall
October 28, 2019

Here are four great reasons to consider buying a home today, instead of waiting.

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stdClass Object ( [agents_bottom_line] => We need to realize that today’s real estate market is nothing like the 2008 market. Therefore, when a recession occurs, it won’t resemble the last one. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Today’s real estate market is nothing like the 2008 market. When an economic slowdown happens, it won’t resemble the last one. No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s real estate market to the market in 2005-2006, which preceded the crash. In many ways, however, the market is very different now. Here are three suppositions being put forward by some, and why they don’t hold up.
SUPPOSITION #1
A critical warning sign last time was the surging gap between the growth in home prices and household income. Today, home values have also outpaced wage gains. As in 2006, a lack of affordability will kill the market.
Counterpoint
The “gap” between wages and home price growth has existed since 2012. If that is a sign of a recession, why didn’t we have one sometime in the last seven years? Also, a buyer’s purchasing power is MUCH GREATER today than it was thirteen years ago. The equation to determine affordability has three elements: home prices, wages, AND MORTGAGE INTEREST RATES. Today, the mortgage rate is about 3.5% versus 6.41% in 2006.
SUPPOSITION #2
In 2018, as in 2005, housing-price growth began slowing, with significant price drops occurring in some major markets. Look at Manhattan where home prices are in a “near free-fall.”
Counterpoint
The only major market showing true depreciation is Seattle, and it looks like home values in that city are about to reverse and start appreciating again. CoreLogic is projecting home price appreciation to reaccelerate across the country over the next twelve months. Regarding Manhattan, home prices are dropping because the city’s new “mansion tax” is sapping demand. Additionally, the new federal tax code that went into effect last year continues to impact the market, capping deductions for state and local taxes, known as SALT, at $10,000. That had the effect of making it more expensive to own homes in states like New York.
SUPPOSITION #3
Prices will crash because that is what happened during the last recession.
Counterpoint
It is true that home values sank by almost 20% during the 2008 recession. However, it is also true that in the four previous recessions, home values depreciated only once (by less than 2%). In the other three, residential real estate values increased by 3.5%, 6.1%, and 6.6%. Price is determined by supply and demand. In 2008, there was an overabundance of housing inventory (a 9-month supply). Today, housing inventory is less than half of that (a 4-month supply).
Bottom Line
We need to realize that today’s real estate market is nothing like the 2008 market. Therefore, when a recession occurs, it won’t resemble the last one. [created_at] => 2019-10-17T06:00:05Z [description] => Today’s real estate market is nothing like the 2008 market. When an economic slowdown happens, it won’t resemble the last one. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/10/16142844/20191017-Share-KCM.jpg [id] => 1463 [published_at] => 2019-10-17T10:00:05Z [related] => Array ( ) [slug] => 3-reasons-this-is-not-the-2008-real-estate-market [status] => published [tags] => Array ( ) [title] => 3 Reasons This is NOT the 2008 Real Estate Market [updated_at] => 2019-10-17T10:00:05Z [url] => /2019/10/17/3-reasons-this-is-not-the-2008-real-estate-market/ )
3 Reasons This is NOT the 2008 Real Estate Market
October 17, 2019

Today’s real estate market is nothing like the 2008 market. When an economic slowdown happens, it won’t resemble the last one.

51
stdClass Object ( [agents_bottom_line] => Homeownership is different than renting. When you own, your housing expense (the mortgage payment) comes back to you in the form of equity in your home. That doesn’t happen with your rent payment. Your rent helps build your landlord’s equity instead. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) [4] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 53 [name] => Rent vs. Buy [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => rent-vs-buy [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Alquilar Vs. Comprar ) ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and what you owe is called equity. If your home has appreciated since the time you purchased it, that increase in value also raises your equity. Over time, the equity in your home could be substantial. Recently, CoreLogic revealed that the average homeowner gained more than $65,000 in equity over the last 5 years. Unlike last decade, homeowners are no longer foolishly tapping into that equity. In 2006-2008, many owners used their homes like an ATM by pulling equity out to purchase new cars, jet skis, or lavish vacations. They were pulling out cash (equity) from an appreciating asset, and then spending it on rapidly depreciating items. That is not happening anymore.
Over 50% of Homes Have at Least 50% Equity
The number of homeowners that currently have at least 50% equity in their home is astonishing. According to the Urban Institute, 37.1% of all homes in the country are mortgage-free. In a home equity study, ATTOM Data Solutions revealed that of the 62.9% of homes with a mortgage, 25.6% have at least 50% equity. That number has been increasing over the last five years:By doing a little math, we can see that 53.2% of all homes in this country have at least 50% equity right now. Of all homes, 37.1% are mortgage-free and an additional 16.1% with a mortgage have at least 50% equity.
Bottom Line
Homeownership is different than renting. When you own, your housing expense (the mortgage payment) comes back to you in the form of equity in your home. That doesn’t happen with your rent payment. Your rent helps build your landlord’s equity instead. [created_at] => 2019-09-19T06:00:40Z [description] => One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and what you owe is called equity. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/09/16144025/20190919-Share-KCM.jpg [id] => 1443 [published_at] => 2019-09-19T10:00:40Z [related] => Array ( ) [slug] => one-of-the-top-reasons-to-own-a-home [status] => published [tags] => Array ( ) [title] => One of the Top Reasons to Own a Home [updated_at] => 2019-09-19T10:00:41Z [url] => /2019/09/19/one-of-the-top-reasons-to-own-a-home/ )
One of the Top Reasons to Own a Home
September 19, 2019

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and what you owe is called equity.

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stdClass Object ( [agents_bottom_line] => [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and you’ve been asked what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access you can provide to your agent to be able to show your home. Here are five levels of access you can provide to a buyer, each with a brief description:

Lockbox on the Door – This allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.

Providing a Key to the Home – Although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.

Open Access with a Phone Call – The seller allows showing with just a phone call’s notice.

By Appointment Only – Example: 48-hour notice. Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.

Limited Access – Example: the home is only available for a couple of hours a day. This is the most difficult way to be able to show your house to potential buyers.

In a competitive marketplace, access can make or break your ability to get the price you are looking for, or even sell your house at all. [created_at] => 2019-09-10T06:00:59Z [description] => So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and you’ve been asked what level of access you want to provide to potential buyers. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/09/06150159/20190910-Share-KCM.jpg [id] => 1431 [published_at] => 2019-09-10T10:00:59Z [related] => Array ( ) [slug] => the-role-access-plays-in-getting-your-house-sold-2 [status] => published [tags] => Array ( ) [title] => The Role Access Plays in Getting Your House Sold [updated_at] => 2019-09-10T10:01:01Z [url] => /2019/09/10/the-role-access-plays-in-getting-your-house-sold-2/ )
The Role Access Plays in Getting Your House Sold
September 10, 2019

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and you’ve been asked what level of access you want to provide to potential buyers.

51
stdClass Object ( [agents_bottom_line] => [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Below are 5 compelling reasons listing your home for sale this fall makes sense.
1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home. Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply that is needed for a normal market. This means that in the majority of the country, there are not enough homes for sale to satisfy the number of buyers. Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move. Many homeowners were reluctant to list their homes over the last couple years, for fear that they would not find a home to move to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler, as buyers know exactly what they can afford before shopping for a home. According to Ellie Mae’s latest Origination Insights Report, the time needed to close a loan is 43 days.
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you're planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that in the luxury or premium market. According to CoreLogic, prices are projected to appreciate by 5.2% over the next year. If you’re moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage) if you wait.
5. It’s Time to Move on with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should? Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire. That is what is truly important. [created_at] => 2019-09-03T06:00:02Z [description] => Below are 5 compelling reasons listing your home for sale this fall makes sense. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/08/30104415/20190903-Share-KCM.jpg [id] => 1425 [published_at] => 2019-09-03T10:00:02Z [related] => Array ( ) [slug] => 5-reasons-to-sell-this-fall-3 [status] => published [tags] => Array ( ) [title] => 5 Reasons to Sell This Fall [updated_at] => 2019-10-25T18:46:25Z [url] => /2019/09/03/5-reasons-to-sell-this-fall-3/ )
5 Reasons to Sell This Fall
September 03, 2019

Below are 5 compelling reasons listing your home for sale this fall makes sense.

51
stdClass Object ( [agents_bottom_line] =>

Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.

Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.

Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you!

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Some Highlights

Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.

Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.

Renting and owning both have up-front fees when you sign your lease or close, respectively. Think about putting that money to work for you!

[created_at] => 2019-08-09T06:00:09Z [description] =>
Some Highlights:

Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.

Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.

[expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/08/07171659/20190809-Share-KCM.jpg [id] => 1408 [public_bottom_line] => [published_at] => 2019-08-09T10:00:09Z [related] => Array ( ) [slug] => rent-vs-own-infographic [status] => published [tags] => Array ( ) [title] => Rent Vs. Own [INFOGRAPHIC] [updated_at] => 2023-01-19T03:52:39Z [url] => /2019/08/09/rent-vs-own-infographic/ )
Rent Vs. Own [INFOGRAPHIC]
August 09, 2019

Some Highlights:

Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.

Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build your own wealth, rather than that of your landlord.

51
stdClass Object ( [agents_bottom_line] => Here are 5 compelling reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers. Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move. Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell. 3. The Process Will Be Quicker Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days. (Last numbers available.) 4. There Will Never Be a Better Time to Move Up If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own! According to CoreLogic, prices are projected to appreciate by 4.8% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. 5. It’s Time to Move on with Your Life Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should? Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to start living the life you desire.
That is what is truly important.
[assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Here are 5 compelling reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers. Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move. Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell. 3. The Process Will Be Quicker Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days. (Last numbers available.) 4. There Will Never Be a Better Time to Move Up If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own! According to CoreLogic, prices are projected to appreciate by 4.8% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. 5. It’s Time to Move on with Your Life Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should? Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to start living the life you desire.
That is what is truly important.
[created_at] => 2019-06-17T06:00:37Z [description] => Here are 5 compelling reasons listing your home for sale this summer makes sense. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/06/16164809/20190617-Share-KCM.jpg [id] => 1369 [published_at] => 2019-06-17T10:00:37Z [related] => Array ( ) [slug] => 5-reasons-to-sell-your-house-this-summer [status] => published [tags] => Array ( ) [title] => 5 Reasons to Sell Your House This Summer [updated_at] => 2019-06-16T23:43:28Z [url] => /2019/06/17/5-reasons-to-sell-your-house-this-summer/ )
5 Reasons to Sell Your House This Summer
June 17, 2019

Here are 5 compelling reasons listing your home for sale this summer makes sense.

51
stdClass Object ( [agents_bottom_line] => If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 35 [name] => Mortgage Rates [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => mortgage-rates [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Tasas de interés ) ) [updated_at] => 2019-06-03T18:18:43Z ) [4] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) [5] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 53 [name] => Rent vs. Buy [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => rent-vs-buy [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Alquilar Vs. Comprar ) ) [updated_at] => 2019-06-03T18:18:43Z ) ) [content_type] => blog [contents] => Here are four reasons to consider buying today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year. Home values will continue to appreciate. Waiting may no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage have started to level off around 4.3%. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year. An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
3. Either Way, You Are Paying a Mortgage
Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity. Are you ready to put your housing cost to work for you?
4. It’s Time to Move On with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise. But what if they weren’t? Would you wait? Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.
Bottom Line
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. [created_at] => 2019-06-03T06:00:23Z [description] => Here are four reasons to consider buying today instead of waiting. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/06/14115308/20190603-Share-KCM.jpg [id] => 1359 [published_at] => 2019-06-03T10:00:23Z [related] => Array ( ) [slug] => 4-reasons-to-buy-a-home-this-summer [status] => published [tags] => Array ( ) [title] => 4 Reasons to Buy A Home This Summer [updated_at] => 2019-06-26T11:53:23Z [url] => /2019/06/03/4-reasons-to-buy-a-home-this-summer/ )
4 Reasons to Buy A Home This Summer
June 03, 2019

Here are four reasons to consider buying today instead of waiting.

51
stdClass Object ( [agents_bottom_line] => So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of the list is access, followed by condition, financing, and price. There are many levels of access that you can provide to your agent so that he or she can show your home.
Here are five levels of access that you can give to buyers, along with a brief description:

Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.

Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.

Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.

By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.

Limited Access (example: the home is only available on Mondays or Tuesdays at 2 pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

With more competition coming to the market this spring, access can make or break your ability to get the price you are looking for, or even sell your house at all. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of the list is access, followed by condition, financing, and price. There are many levels of access that you can provide to your agent so that he or she can show your home.
Here are five levels of access that you can give to buyers, along with a brief description:

Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.

Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.

Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.

By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.

Limited Access (example: the home is only available on Mondays or Tuesdays at 2 pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

With more competition coming to the market this spring, access can make or break your ability to get the price you are looking for, or even sell your house at all. [created_at] => 2019-05-06T06:00:07Z [description] => So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/05/17151056/20190506-Share-KCM.jpg [id] => 1339 [published_at] => 2019-05-06T10:00:07Z [related] => Array ( ) [slug] => why-access-is-one-of-the-most-important-factors-in-getting-your-house-sold [status] => published [tags] => Array ( ) [title] => Why Access Is One of the Most Important Factors in Getting Your House Sold! [updated_at] => 2019-04-22T16:48:21Z [url] => /2019/05/06/why-access-is-one-of-the-most-important-factors-in-getting-your-house-sold/ )
Why Access Is One of the Most Important Factors in Getting Your House Sold!
May 06, 2019

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers.

51
stdClass Object ( [agents_bottom_line] => Americans love their pets and will look for pet-friendly features in the home they wish to buy, so take advantage of this knowledge by pointing out your home’s ability to meet their needs. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => One of the many benefits of owning your own home is the freedom to find your ‘furever’ friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract these buyers, rather than alienating the 68% of American households that have a pet! If you are one of the many homeowners looking to list your home for sale, how do you stand out to the millions of pet parents searching for their dream home? Whether a dog person, a cat person, or someone who prefers the company of another pet species, 99% of pet owners say that they consider their animal to be family. When finding a home, 95% of animal owners believe it is important that a housing community allows animals. A study by the National Association of Realtors (NAR) revealed that there are many aspects of the home buying, selling and owning experience that have been greatly impacted by our love for our pets. This should come as no surprise, as $72 billion was spent on pets in the U.S in 2018. NAR’s President William E. Brown shed some light on the impact of pet owners and their home search.
“It is important to understand the unique needs and wants of animal owners when it comes to homeownership. REALTORS® understand that when someone buys a home, they are buying it with the needs of their whole family in mind; ask pet owners, and they will enthusiastically agree that their animals are part of their family.”

The Power of Pets When Choosing the Right Home

89% of pet owners say they would not give up their pet due to a housing restriction

81% of Americans say their pets play a role in their housing situation

31% of animal owners have refused to put in an offer on a home because it wasn’t a good fit for their animals

19% of Americans say they would consider moving for their pet

12% percent have moved for their pet

New home builders have actually begun installing retractable pet gates that tuck away neatly inside door jams as a highly requested feature in new homes to attract pet-parents. So, if you are a homeowner looking to sell in today’s pet-friendly environment, point out the features of your home that will attract pet owners:

Fully fenced in backyard – (91% of pet owners ranked this as the most important feature of a home to accommodate their pet)

Locations of dog parks/walking paths/pet-friendly beaches in the area (71% ranked this as the top feature of any neighborhood they would consider)

Proximity to veterinarians/groomers/pet supply stores (31%)

Bottom Line
Americans love their pets and will look for pet-friendly features in the home they wish to buy, so take advantage of this knowledge by pointing out your home’s ability to meet their needs. [created_at] => 2019-04-09T06:00:34Z [description] => One of the many benefits of owning your own home is the freedom to find your ‘furever’ friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract these buyers, rather than alienating the 68% of American households that have a pet! [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/04/03154220/Share-STM.jpg [id] => 1320 [published_at] => 2019-04-09T10:00:34Z [related] => Array ( ) [slug] => why-pet-friendly-homes-are-in-high-demand [status] => published [tags] => Array ( ) [title] => Why Pet-Friendly Homes Are in High Demand [updated_at] => 2019-04-08T15:16:31Z [url] => /2019/04/09/why-pet-friendly-homes-are-in-high-demand/ )
Why Pet-Friendly Homes Are in High Demand
April 09, 2019

One of the many benefits of owning your own home is the freedom to find your ‘furever’ friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract these buyers, rather than alienating the 68% of American households that have a pet!

51
stdClass Object ( [agents_bottom_line] => Here are five compelling reasons listing your home for sale this spring makes sense.
1. Demand Is Strong
The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home. Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers. Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move. Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 47 days.
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own! According to CoreLogic, prices are projected to appreciate by 4.6% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
5. It’s Time to Move on With Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should? Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.
[assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Here are five compelling reasons listing your home for sale this spring makes sense.
1. Demand Is Strong
The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home. Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers. Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move. Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 47 days.
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own! According to CoreLogic, prices are projected to appreciate by 4.6% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
5. It’s Time to Move on With Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should? Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.
[created_at] => 2019-04-01T06:00:06Z [description] => Here are five compelling reasons listing your home for sale this spring makes sense.
[expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/04/04163708/201904012-Share-KCM-1.jpg [id] => 1314 [published_at] => 2019-04-01T10:00:06Z [related] => Array ( ) [slug] => 5-reasons-to-sell-your-house-this-spring [status] => published [tags] => Array ( ) [title] => 5 Reasons To Sell Your House This Spring! [updated_at] => 2019-06-04T16:37:40Z [url] => /2019/04/01/5-reasons-to-sell-your-house-this-spring/ )
5 Reasons To Sell Your House This Spring!
April 01, 2019

Here are five compelling reasons listing your home for sale this spring makes sense.

51
stdClass Object ( [agents_bottom_line] => Whether it’s your first or your fifth, if your plan for this year includes buying a home, let’s get together to help you understand where prices are headed in our area. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 9 [name] => Home Prices [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => home-prices [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Precios ) ) [updated_at] => 2019-06-03T18:18:43Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [4] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases, you also gain home equity. Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists. They are asked to project how residential home prices will appreciate over the next five years for their Home Price Expectation Survey (HPES). The latest data from their Q1 2019 Survey revealed that home prices are expected to round out the year 4.3% higher than they were in January. For the next 5 years, home values will appreciate by an average of 3.21% a year.
This is great news for homeowners!
For example, let’s assume a young couple purchased and closed on a $250,000 home in January of this year. Simply through their home appreciating in value, those homeowners can build their home equity by over $40,000 over the next five years.
Let’s look at the potential equity gained over the same period of time at some higher price points:
In many cases, home equity is a large portion of a family’s overall net worth.
Bottom Line
Whether it’s your first or your fifth, if your plan for this year includes buying a home, let’s get together to help you understand where prices are headed in our area. [created_at] => 2019-03-18T06:00:13Z [description] => Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/03/14105828/20190318-Share-KCM.jpg [id] => 1304 [published_at] => 2019-03-18T10:00:13Z [related] => Array ( ) [slug] => want-to-increase-your-familys-wealth-heres-how [status] => published [tags] => Array ( ) [title] => Want To Increase Your Family’s Wealth? Here’s How! [updated_at] => 2019-03-15T15:40:28Z [url] => /2019/03/18/want-to-increase-your-familys-wealth-heres-how/ )
Want To Increase Your Family’s Wealth? Here’s How!
March 18, 2019

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth.

51
stdClass Object ( [agents_bottom_line] => If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. [assets] => Array ( ) [can_share] => no [categories] => Array ( [0] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 5 [name] => For Buyers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los compradores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [1] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 6 [name] => For Sellers [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => sellers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Para los vendedores ) ) [updated_at] => 2019-06-03T18:18:43Z ) [2] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 9 [name] => Home Prices [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => home-prices [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Precios ) ) [updated_at] => 2019-06-03T18:18:43Z ) [3] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 11 [name] => First-Time Buyers [parent] => [parent_id] => [published_at] => 2024-04-10T15:59:33Z [slug] => first-time-buyers [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de vivienda por primera vez ) ) [updated_at] => 2024-04-10T15:59:33Z ) [4] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 35 [name] => Mortgage Rates [parent] => [parent_id] => [published_at] => 2019-06-03T18:18:43Z [slug] => mortgage-rates [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Tasas de interés ) ) [updated_at] => 2019-06-03T18:18:43Z ) [5] => stdClass Object ( [category_type] => standard [children] => [created_at] => 2019-06-03T18:18:43Z [id] => 38 [name] => Move-Up [parent] => [parent_id] => [published_at] => 2024-04-10T16:00:35Z [slug] => move-up [status] => public [translations] => stdClass Object ( [es] => stdClass Object ( [name] => Compradores de casa mas grande ) ) [updated_at] => 2024-04-10T16:00:35Z ) ) [content_type] => blog [contents] => Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year. An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.
3. Either Way, You Are Paying a Mortgage
Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s. As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity. Are you ready to put your housing cost to work for you?
4. It’s Time to Move On with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise. But what if they weren’t? Would you wait? Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.
Bottom Line
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. [created_at] => 2019-03-11T06:00:14Z [description] => Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. [expired_at] => [featured_image] => https://files.simplifyingthemarket.com/wp-content/uploads/2019/03/07123902/Share-KCM1.jpg [id] => 1299 [published_at] => 2019-03-11T10:00:14Z [related] => Array ( ) [slug] => 4-reasons-to-buy-a-home-in-the-spring [status] => published [tags] => Array ( ) [title] => 4 Reasons to Buy a Home in the Spring [updated_at] => 2019-03-07T17:37:45Z [url] => /2019/03/11/4-reasons-to-buy-a-home-in-the-spring/ )
4 Reasons to Buy a Home in the Spring
March 11, 2019

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.

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