New Search

If you are not happy with the results below please do another search

1078 search results for: prices

801
stdClass Object
(
    [agents_bottom_line] => 
The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.
    [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] => Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

The CoreLogic report broke down appreciation even further into four different price categories:

    
 	
  1. Lower Priced Homes: priced at 75% or less of the median
    2. 
 	
  2. Low-to-Middle Priced Homes: priced between 75-100% of the median
    3. 
 	
  3. Middle-to-Moderate Priced Homes: priced between 100-125% of the median
    4. 
 	
  4. High Price Homes: priced greater than 125% of the median
    5. 


Here is how each category did in 2016:

Which Homes Have Appreciated the Most? | Simplifying The Market

Bottom Line

The lower priced homes (which are more in demand) appreciated at greater rates than the homes at the upper ends of the spectrum.
    [created_at] => 2017-03-16T06:00:41Z
    [description] => Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/03/13143754/20170316-Share-STM.jpg
    [id] => 781
    [published_at] => 2017-03-16T10:00:41Z
    [related] => Array
        (
        )

    [slug] => which-homes-have-appreciated-the-most
    [status] => published
    [tags] => Array
        (
        )

    [title] => Which Homes Have Appreciated the Most?
    [updated_at] => 2017-04-12T13:22:04Z
    [url] => /2017/03/16/which-homes-have-appreciated-the-most/
)

Which Homes Have Appreciated the Most?

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.
801
stdClass Object
(
    [agents_bottom_line] => 
Real estate is local. If you are thinking about buying OR selling this spring, let’s get together to discuss the exact market conditions in your 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] => 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] => The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops.

Historically, inventory must reach a 6-month supply for a normal market where home prices appreciate with inflation. Anything less than a 6-month supply is a sellers’ market, where the demand for houses outpaces supply and prices go up.

As you can see from the chart below, the United States has been in a sellers’ market since August 2012, but last month’s numbers reached a new low.

A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture | Simplifying The Market

Recently Trulia revealed that not only is there a shortage of homes on the market in general, but the homes that are available for sale are not meeting the needs of the buyers that are searching.

Homes are generally bucketed into three groups by price range: starter, trade-up, and premium.

Trulia’s market mismatch score measures the search interest of buyers against the category of homes that are available on the market. For example: “if 60% of buyers are searching for starter homes but only 40% of listings are starter homes, [the] market mismatch score for starter homes would be 20.”

The results of their latest analysis are detailed in the chart below.

A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture | Simplifying The Market

Nationally, buyers are searching for starter and trade-up homes and are coming up short with the listings available, leading to a highly competitive seller’s market in these categories. Ninety-two of the top 100 metros have a shortage in trade-up inventory.

Premium homebuyers have the best chance of less competition and a surplus of listings in their price range with an 11-point surplus, leading to more of a buyer’s market.

“It leaves Americans who are in the market for a home increasingly chasing too fewer options in lower price ranges, and sellers of premium homes more likely to be left waiting longer for a buyer.”

 Lawrence Yun, NAR’s Chief Economist doesn’t see an end to this coming any time soon: 

“Competition is likely to heat up even more heading into the spring for house hunters looking for homes in the lower- and mid-market price range.”


Bottom Line

Real estate is local. If you are thinking about buying OR selling this spring, let’s get together to discuss the exact market conditions in your area.
    [created_at] => 2017-03-15T06:00:32Z
    [description] => The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/03/13140139/20170315-Share-STM.jpg
    [id] => 780
    [published_at] => 2017-03-15T10:00:32Z
    [related] => Array
        (
        )

    [slug] => a-tale-of-two-markets-inventory-mismatch-paints-a-more-detailed-picture
    [status] => published
    [tags] => Array
        (
        )

    [title] => A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture
    [updated_at] => 2017-05-11T16:51:40Z
    [url] => /2017/03/15/a-tale-of-two-markets-inventory-mismatch-paints-a-more-detailed-picture/
)

A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture

The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops.
801
stdClass Object
(
    [agents_bottom_line] => 
With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps.
    [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
                )

        )

    [content_type] => blog
    [contents] => That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist for the National Association of Realtors, said:

“Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home. Market challenges remain, but the housing market is off to a prosperous start as homebuyers staved off inventory levels that are far from adequate…”

And CNBC says consumer confidence in the economy is fueling the market:

“U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.”

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 7.1% from the same time last year.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together and discuss the inventory levels in your neighborhood to determine your next steps.
    [created_at] => 2017-03-07T06:00:33Z
    [description] => That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/03/03120621/20170307-Share-STM.jpg
    [id] => 774
    [published_at] => 2017-03-07T10:00:33Z
    [related] => Array
        (
        )

    [slug] => thinking-of-selling-do-it-today
    [status] => published
    [tags] => Array
        (
        )

    [title] => Thinking of Selling? Do it TODAY!!
    [updated_at] => 2017-03-03T13:23:36Z
    [url] => /2017/03/07/thinking-of-selling-do-it-today/
)

Thinking of Selling? Do it TODAY!!

That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
801
stdClass Object
(
    [agents_bottom_line] => 
Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!
    [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] => 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
                )

            [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] => Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?

The Connection Between Home Prices & Family Wealth | Simplifying The Market

Since the experts predict that home prices will increase by 4.4% this year alone, the young homeowners will have gained $11,000 in equity in just one year.

Over a five-year period, their equity will increase by nearly $43,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!
    [created_at] => 2017-03-06T06:00:20Z
    [description] => Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/03/01120157/20170306-Share-STM.png
    [id] => 773
    [published_at] => 2017-03-06T10:00:20Z
    [related] => Array
        (
        )

    [slug] => the-connection-between-home-prices-family-wealth
    [status] => published
    [tags] => Array
        (
        )

    [title] => The Connection Between Home Prices & Family Wealth
    [updated_at] => 2017-04-12T12:39:11Z
    [url] => /2017/03/06/the-connection-between-home-prices-family-wealth/
)

The Connection Between Home Prices & Family Wealth

Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
801
stdClass Object
(
    [agents_bottom_line] => 
Most experts believe that rates would need to hit 5% or above to have an impact on home prices.
    [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] => 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
                )

            [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] => There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand.

In a recent study of industry experts, “rising mortgage interest rates, and their impact on mortgage affordability” was named by 56% as the force they think will have the most significant impact on U.S. housing in 2017. If rising rates slow demand for housing, home values will be impacted.

To this point, Pulsenomics, recently surveyed a panel of over 100 economists, investment strategists, and housing market analysts, asking the question “In your opinion, at what level will the 30-year fixed rate mortgage rate significantly slow home value appreciation?” The survey revealed the following:

Mortgage Rates Impact on 2017 Home Values | Simplifying The Market


Bottom Line

Most experts believe that rates would need to hit 5% or above to have an impact on home prices.
    [created_at] => 2017-03-02T06:00:29Z
    [description] => There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/03/01112247/20170302-Share-STM.jpg
    [id] => 771
    [published_at] => 2017-03-02T10:00:29Z
    [related] => Array
        (
        )

    [slug] => mortgage-rates-impact-on-2017-home-values
    [status] => published
    [tags] => Array
        (
        )

    [title] => Mortgage Rates Impact on 2017 Home Values
    [updated_at] => 2017-04-12T12:39:57Z
    [url] => /2017/03/02/mortgage-rates-impact-on-2017-home-values/
)

Mortgage Rates Impact on 2017 Home Values

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.
801
stdClass Object
(
    [agents_bottom_line] => The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

How Long Do Most Families Stay in Their Home? | Simplifying The Market


Why the dramatic increase?

The reasons for this change are plentiful!

The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.

With home prices rising dramatically over the last several years, 93.7% of homes with a mortgage are now in a positive equity situation with 79.1% of them having at least 20% equity, according to CoreLogic.

With the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago.

One other reason for the increase was brought to light during a recent presentation by Lawrence Yun, the Chief Economist of NAR, at the Realtor’s Summit in San Diego, CA. Yun pointed to the fact that historically, young homeowners who were either looking for more space to accommodate their growing family or looking for a better school district were more likely to move more often (every 5 years). The homeownership rate among young families, however, has still not caught up to previous generations resulting in the jump we have seen in median tenure!

What does this mean for housing?

Many believe that a large portion of homeowners are not in a house that is best for their current family circumstances. They could be baby boomers living in an empty, four-bedroom colonial, or a millennial couple planning to start a family that currently lives in a one-bedroom condo.

These homeowners are ready to make a move. Since the lack of housing inventory is a major challenge in the current housing market, this could be great news.
    [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] => 
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

How Long Do Most Families Stay in Their Home? | Keeping Current Matters

Why the dramatic increase?

The reasons for this change are plentiful!

The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.

With home prices rising dramatically over the last several years, 93.7% of homes with a mortgage are now in a positive equity situation with 79.1% of them having at least 20% equity, according to CoreLogic.

With the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago.

One other reason for the increase was brought to light during a recent presentation by Lawrence Yun, the Chief Economist of NAR, at the Realtor’s Summit in San Diego, CA. Yun pointed to the fact that historically, young homeowners who were either looking for more space to accommodate their growing family or looking for a better school district were more likely to move more often (every 5 years). The homeownership rate among young families, however, has still not caught up to previous generations resulting in the jump we have seen in median tenure!

What does this mean for housing?

Many believe that a large portion of homeowners are not in a house that is best for their current family circumstances. They could be baby boomers living in an empty, four-bedroom colonial, or a millennial couple planning to start a family that currently lives in a one-bedroom condo.

These homeowners are ready to make a move. Since the lack of housing inventory is a major challenge in the current housing market, this could be great news.

Bottom Line

If you’re thinking of buying or selling this year, contact a local real estate professional to make sure you get the best advice possible.
    [created_at] => 2017-02-28T06:00:05Z
    [description] => 
    [expired_at] => 
    [featured_image] => https://files.keepingcurrentmatters.com/wp-content/uploads/2017/02/07154746/20170228-Share-KCM.jpg
    [id] => 769
    [public_bottom_line] => If you’re thinking of buying or selling this year, contact a local real estate professional to make sure you get the best advice possible.
    [published_at] => 2017-02-28T11:30:49Z
    [related] => Array
        (
        )

    [slug] => how-long-do-most-families-stay-in-their-home
    [status] => published
    [tags] => Array
        (
        )

    [title] => How Long Do Most Families Stay in Their Home?
    [updated_at] => 2023-01-05T19:39:02Z
    [url] => /2017/02/28/how-long-do-most-families-stay-in-their-home/
)

How Long Do Most Families Stay in Their Home?

801
stdClass Object
(
    [agents_bottom_line] => 
Individual opinions make headlines. We believe this survey is a fairer depiction of future values.
    [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
                )

        )

    [content_type] => blog
    [contents] => Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.4% over the course of 2017, 3.4% in 2018, 2.8% in 2019, 2.7% in 2020, and 2.8% in 2021. That means the average annual appreciation will be 3.22% over the next 5 years.

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

The prediction for cumulative appreciation fell from 21.4% to 17.3% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.3%.

Where Are the Home Prices Heading in the Next 5 Years? | Simplifying The Market

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.
    [created_at] => 2017-02-27T06:00:09Z
    [description] => Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/02/16161629/20170227-Share-STM.jpg
    [id] => 768
    [published_at] => 2017-02-27T10:00:09Z
    [related] => Array
        (
        )

    [slug] => where-are-the-home-prices-heading-in-the-next-5-years
    [status] => published
    [tags] => Array
        (
        )

    [title] => Where Are the Home Prices Heading in the Next 5 Years?
    [updated_at] => 2017-02-16T17:06:58Z
    [url] => /2017/02/27/where-are-the-home-prices-heading-in-the-next-5-years/
)

Where Are the Home Prices Heading in the Next 5 Years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
801
stdClass Object
(
    [agents_bottom_line] => 
The majority of the country is strongly in buy territory. Buying a home makes sense socially and financially, as rents are predicted to increase substantially in the next year. Protect yourself from rising rents by locking in your housing cost with a mortgage payment now.

To Find Out More About the Study: The BH&J Index and other FAU real estate activities are sponsored by Investments Limited of Boca Raton. The BH&J Index is published quarterly and is available online at http://business.fau.edu/buyvsrent.
    [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] => According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.

The BH&J Index is a quarterly report that attempts to answer the question:

In today’s housing market, is it better to rent or buy a home?

The index examines the entire US housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property and investing in a portfolio of stocks and bonds.” 

While most of the metropolitan markets examined moved further into buy territory (16 of the 23), markets like Dallas, Denver, and Houston are currently deep into rent territory. In these three markets, it is estimated that renting will top homeownership 7 out of 10 times.

Due to a lack of inventory, the home prices in the Dallas, Denver, and Houston areas have increased by 11.6%, 8.3%, and 6.6% respectively. Home prices in these areas will begin to return to more normal levels once residents realize that renting is not the best option, therefore bringing home affordability back as well.

Bottom Line

The majority of the country is strongly in buy territory. Buying a home makes sense socially and financially, as rents are predicted to increase substantially in the next year. Protect yourself from rising rents by locking in your housing cost with a mortgage payment now.

To Find Out More About the Study: The BH&J Index and other FAU real estate activities are sponsored by Investments Limited of Boca Raton. The BH&J Index is published quarterly and is available online at http://business.fau.edu/buyvsrent.
    [created_at] => 2017-02-20T06:00:36Z
    [description] => According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/02/07143750/20170220-Share-STM.jpg
    [id] => 763
    [published_at] => 2017-02-20T10:00:36Z
    [related] => Array
        (
        )

    [slug] => us-housing-market-is-moving-into-buy-territory
    [status] => published
    [tags] => Array
        (
        )

    [title] => US Housing Market Is Moving into 'Buy Territory'!
    [updated_at] => 2017-02-07T15:47:01Z
    [url] => /2017/02/20/us-housing-market-is-moving-into-buy-territory/
)

US Housing Market Is Moving into 'Buy Territory'!

According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.
801
stdClass Object
(
    [agents_bottom_line] => 
CoreLogic predicts that home prices will appreciate by another 5% by this time next year. If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let's get together to discuss your options!
    [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] => Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’s US Economic Outlook, the average American household gained over $11,000 in equity over the course of the last year, largely due to home value increases.

The map below was created using the same report from CoreLogic and shows the average equity gain per mortgaged home from June 2015 to June 2016 (the latest data available).

The Great News About Rising Prices for Homeowners | Simplifying The Market

 

For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that homeowners are investing their new-found equity in their homes and themselves, not in depreciating assets.

The added equity is helping families put their children through college, invest in starting small businesses, allowing them to pay off their mortgage sooner or move up to the home that will better suit their needs now.

Bottom Line

CoreLogic predicts that home prices will appreciate by another 5% by this time next year. If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let's get together to discuss your options!
    [created_at] => 2017-02-15T06:00:01Z
    [description] => Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/02/14123057/20170215-STM-Share.jpg
    [id] => 760
    [published_at] => 2017-02-15T10:00:01Z
    [related] => Array
        (
        )

    [slug] => the-great-news-about-rising-prices-for-homeowners
    [status] => published
    [tags] => Array
        (
        )

    [title] => The Great News About Rising Prices for Homeowners
    [updated_at] => 2017-02-14T14:01:45Z
    [url] => /2017/02/15/the-great-news-about-rising-prices-for-homeowners/
)

The Great News About Rising Prices for Homeowners

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.
801
stdClass Object
(
    [agents_bottom_line] => 
Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.
    [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] => If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Ask yourself the following 3 questions to help determine if now is a good time for you to buy in today’s market.

1. Why am I buying a home in the first place? 

This is truly the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money.

For example, a survey by Braun showed that over 75% of parents say “their child’s education is an important part of the search for a new home.”

This survey supports a study by the Joint Center for Housing Studies at Harvard University which revealed that the top four reasons Americans buy a home have nothing to do with money. They are:

    
 	
  • A good place to raise children and for them to get a good education
    • 
 	
  • A place where you and your family feel safe
    • 
 	
  • More space for you and your family
    • 
 	
  • Control of that space
    • 


What does owning a home mean to you? What non-financial benefits will you and your family gain from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.

2. Where are home values headed?

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the median price of homes sold in December (the latest data available) was $232,200, up 4.0% from last year. This increase also marks the 58th consecutive month with year-over-year gains.

If we look at the numbers year over year, CoreLogic forecasted a rise by 4.7% from December 2016 to December 2017. On a home that costs $250,000 today, that same home will cost you an additional $11,750 if you wait until next year.

What does that mean to you?

Simply put, with prices increasing each month, it might cost you more if you wait until next year to buy. Your down payment will also need to be higher in order to account for the higher price of the home you wish to buy.

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long-term cost’ of a home can be dramatically impacted by even a small increase in mortgage rates.

The Mortgage Bankers Association (MBA), the National Association of Realtors, and Fannie Mae have all projected that mortgage interest rates will increase over the next twelve months, as you can see in the chart below:

3 Questions to Ask If You Want to Buy Your Dream Home | Simplifying The Market

Bottom Line

Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision.
    [created_at] => 2017-02-13T06:00:27Z
    [description] => If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/02/07141946/20171213-Share-STM.jpg
    [id] => 758
    [published_at] => 2017-02-13T10:00:27Z
    [related] => Array
        (
        )

    [slug] => 3-questions-to-ask-if-you-want-to-buy-your-dream-home
    [status] => published
    [tags] => Array
        (
        )

    [title] => 3 Questions to Ask If You Want to Buy Your Dream Home
    [updated_at] => 2017-02-07T15:29:41Z
    [url] => /2017/02/13/3-questions-to-ask-if-you-want-to-buy-your-dream-home/
)

3 Questions to Ask If You Want to Buy Your Dream Home

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.
801
stdClass Object
(
    [agents_bottom_line] =>  
If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.
    [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] => The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:


National Association of Realtors


“Total housing inventory at the end of December dropped 10.8%...which is the lowest level since NAR began tracking the supply of all housing types in 1999. Inventory has fallen year-over-year for 19 straight months and is at a 3.6-month supply at the current sales pace.”


Jonathan Smoke, Chief Economist for Realtor.com


“More than two-thirds of the markets are seeing less inventory now compared to a year ago.” 


Lawrence Yun, Chief Economist at NAR:


“The dismal number of listings in the affordable price range is squeezing prospective first-time buyers the most. As a result, young households are missing out on the wealth gains most homeowners have accrued from the 41% cumulative rise in existing home prices since 2011.”


Sam Khater, Deputy Chief Economist at CoreLogic


“The lack of affordable supply is really driving up home prices.”


Peter Muoio, Chief Economist at Auction.com


“Tight housing inventory remains a constraining factor limiting stronger sales growth…

We expect further price growth to entice more homeowners to list their homes, particularly as existing homeowners have greater equity.”


Bottom Line 

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.
    [created_at] => 2017-02-06T06:00:45Z
    [description] => The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/02/02110122/20170206-Share-STM.jpg
    [id] => 752
    [published_at] => 2017-02-06T10:00:45Z
    [related] => Array
        (
        )

    [slug] => lack-of-homes-for-sale-slowing-down-the-housing-market
    [status] => published
    [tags] => Array
        (
        )

    [title] => Lack of Homes for Sale Slowing Down the Housing Market
    [updated_at] => 2017-02-02T14:18:18Z
    [url] => /2017/02/06/lack-of-homes-for-sale-slowing-down-the-housing-market/
)

Lack of Homes for Sale Slowing Down the Housing Market

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
801
stdClass Object
(
    [agents_bottom_line] => Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their homes on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now.


1. Demand is Strong 

Foot traffic refers to the number of people who are out, physically looking at homes right now. The latest foot traffic numbers from the National Association of Realtors (NAR) show that the number of buyers out looking for their dream homes in December reached the highest mark since February 2016.

These buyers are ready, willing and able to buy…and are in the market right now! Take advantage of the strong buyer activity currently in the market.

2. There Is Less Competition Now 

Housing inventory just dropped to a 3.6-month supply, which is well under the 6-month supply needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices; however, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last four years. Many of these homes will be coming to market soon.

Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home, while only 21% prefer an existing home (38% had no preference).

The choices buyers have will increase in the spring. Don’t wait for this other inventory to come to market before you sell.

3. The Process Will Be Quicker

One of the biggest challenges of the housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend to a smoother transaction.

4. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.7% over the next 12 months according to CoreLogic. 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. You can also lock-in your 30-year housing expense with an interest rate around 4% right now. Rates are projected to rise by half a percentage point by the end of 2017.

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 the questions above. You have the power to take back 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] => 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] => Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their homes on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now.


1. Demand is Strong 

Foot traffic refers to the number of people who are out, physically looking at homes right now. The latest foot traffic numbers from the National Association of Realtors (NAR) show that the number of buyers out looking for their dream homes in December reached the highest mark since February 2016.

These buyers are ready, willing and able to buy…and are in the market right now! Take advantage of the strong buyer activity currently in the market.

2. There Is Less Competition Now 

Housing inventory just dropped to a 3.6-month supply, which is well under the 6-month supply needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices; however, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last four years. Many of these homes will be coming to market soon.

Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home, while only 21% prefer an existing home (38% had no preference).

The choices buyers have will increase in the spring. Don’t wait for this other inventory to come to market before you sell.

3. The Process Will Be Quicker

One of the biggest challenges of the housing market has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. There is less overall business done in the winter. Therefore, the process will be less onerous than it will be in the spring. Getting your house sold and closed before the spring delays begin will lend to a smoother transaction.

4. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 4.7% over the next 12 months according to CoreLogic. 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. You can also lock-in your 30-year housing expense with an interest rate around 4% right now. Rates are projected to rise by half a percentage point by the end of 2017.

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 the questions above. You have the power to take back 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] => 2017-02-02T06:00:57Z
    [description] => Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/01/27135852/STM-Share15.jpg
    [id] => 749
    [published_at] => 2017-02-02T10:00:57Z
    [related] => Array
        (
        )

    [slug] => no-matter-what-the-groundhog-says-here-are-5-reasons-to-sell-before-spring
    [status] => published
    [tags] => Array
        (
        )

    [title] => No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring!
    [updated_at] => 2017-01-27T17:08:51Z
    [url] => /2017/02/02/no-matter-what-the-groundhog-says-here-are-5-reasons-to-sell-before-spring/
)

No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring!

Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.
801
stdClass Object
(
    [agents_bottom_line] => 
Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in the market now!
    [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] => The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”

Buyer Demand Is Outpacing the Supply of Homes for Sale | Simplifying The Market

The darker the blue, the stronger the demand for homes in that area. Only six states had a weak demand level.

Seller Supply

The Index also asked: “How would you rate seller traffic in your area?”

As you can see from the map below, the majority of the country has weak Seller Traffic, meaning there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes.

Buyer Demand Is Outpacing the Supply of Homes for Sale | Simplifying The Market

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in the market now!
    [created_at] => 2017-02-01T06:00:27Z
    [description] => The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/01/31173417/STM-Share17.jpg
    [id] => 748
    [published_at] => 2017-02-01T10:00:27Z
    [related] => Array
        (
        )

    [slug] => buyer-demand-is-outpacing-the-supply-of-homes-for-sale
    [status] => published
    [tags] => Array
        (
        )

    [title] => Buyer Demand Is Outpacing the Supply of Homes for Sale
    [updated_at] => 2017-01-31T18:08:43Z
    [url] => /2017/02/01/buyer-demand-is-outpacing-the-supply-of-homes-for-sale/
)

Buyer Demand Is Outpacing the Supply of Homes for Sale

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.
801
stdClass Object
(
    [agents_bottom_line] => 
Rents will continue to rise and mortgage interest rates are still at historic lows. Before you sign or renew your next lease, meet with a local professional who can help you determine if you are able to buy a home of your own and lock in your monthly housing expense.
    [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] => According to ATTOM Data Solutions’ 2017 Rental Affordability Report, buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed.

The report found that “making monthly house payments on a median-priced home — including mortgage, property taxes and insurance — is more affordable than the fair market rent on a three-bedroom property in 354 of the 540 counties analyzed in the report (66 percent).”

For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from the Department of Labor and Statistics to determine the percentage of income that a family would have to spend on their monthly housing cost (rent or mortgage payments).

Rents have been surging faster than home prices in about 37% of the markets measured. Daren Blomquist, Senior Vice President of ATTOM Data Solutions warns that rising interest rates could be the tipping point of affordability:

“While buying continues to be more affordable than renting in the majority of U.S. markets, that equation could change quickly if mortgage rates keep rising in 2017. In that scenario, renters who have not yet made the leap to homeownership will find it even more difficult to make that leap this year.”


Bottom Line

Rents will continue to rise and mortgage interest rates are still at historic lows. Before you sign or renew your next lease, meet with a local professional who can help you determine if you are able to buy a home of your own and lock in your monthly housing expense.
    [created_at] => 2017-01-25T06:00:23Z
    [description] => According to ATTOM Data Solutions’ 2017 Rental Affordability Report, buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/01/23144147/20170125-Share-STM.jpg
    [id] => 742
    [published_at] => 2017-01-25T10:00:23Z
    [related] => Array
        (
        )

    [slug] => buying-a-home-is-more-affordable-than-renting-in-66-of-us-counties
    [status] => published
    [tags] => Array
        (
        )

    [title] => Buying a Home is More Affordable Than Renting in 66% of US Counties
    [updated_at] => 2017-03-14T13:32:00Z
    [url] => /2017/01/25/buying-a-home-is-more-affordable-than-renting-in-66-of-us-counties/
)

Buying a Home is More Affordable Than Renting in 66% of US Counties

According to ATTOM Data Solutions’ 2017 Rental Affordability Report, buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed.
801
stdClass Object
(
    [agents_bottom_line] => 
The Housing Affordability Index is in great shape and should not be seen as a challenge to the real estate market’s continued recovery.
    [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] => Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).

Here is how NAR defines the index:

“The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.”

Basically, a value of 100 means a family earning the median income earns enough to qualify for a mortgage on a median-priced home, based on the price and mortgage interest rates at the time. Anything above 100 means the family has more than enough to qualify.

The higher the index, the easier it is to afford a home.

Why the concern?

The index has been declining over the last several years as home values increased. Some are concerned that too many buyers could be priced out of the market.

But, wait a minute…

Though the index skyrocketed from 2009 through 2013, we must realize during that time the housing crisis left the market with an overabundance of housing inventory with as many as one out of three listings being a distressed property (foreclosure or short sale). All prices dropped dramatically and distressed properties sold at major discounts. Then, mortgage rates fell like a rock.

The market is recovering, and values are coming back nicely. That has caused the index to fall.

However, let’s remove the crisis years and look at the current index as compared to the index from 1990 – 2008:

Will Housing Affordability Be a Challenge in 2017? | Simplifying The Market

We can see that, even though prices have increased, mortgage rates are still lower than historical averages and have put the index in a better position than every year for the nineteen years before the crash.

Bottom Line

The Housing Affordability Index is in great shape and should not be seen as a challenge to the real estate market’s continued recovery.
    [created_at] => 2017-01-19T06:00:00Z
    [description] => Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/01/17162223/STM-Share10.jpg
    [id] => 738
    [published_at] => 2017-01-19T10:00:00Z
    [related] => Array
        (
        )

    [slug] => will-housing-affordability-be-a-challenge-in-2017
    [status] => published
    [tags] => Array
        (
        )

    [title] => Will Housing Affordability Be a Challenge in 2017?
    [updated_at] => 2017-01-18T10:28:05Z
    [url] => /2017/01/19/will-housing-affordability-be-a-challenge-in-2017/
)

Will Housing Affordability Be a Challenge in 2017?

Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).
801
stdClass Object
(
    [agents_bottom_line] => 
Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well.
    [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] => In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach. 

Freddie Mac lays out the advantages of pre-approval in the My Home section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.” 

Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:

    
 	
  1. Capacity: Your current and future ability to make your payments
    2. 
 	
  2. Capital or cash reserves: The money, savings and investments you have that can be sold quickly for cash
    3. 
 	
  3. Collateral: The home, or type of home, that you would like to purchase
    4. 
 	
  4. Credit: Your history of paying bills and other debts on time
    5. 


Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well.
    [created_at] => 2017-01-16T06:00:00Z
    [description] => In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/01/10170840/STM-Share5.jpg
    [id] => 735
    [published_at] => 2017-01-16T10:00:00Z
    [related] => Array
        (
        )

    [slug] => why-pre-approval-should-be-your-first-step
    [status] => published
    [tags] => Array
        (
        )

    [title] => Why Pre-Approval Should Be Your First Step
    [updated_at] => 2017-01-10T17:50:03Z
    [url] => /2017/01/16/why-pre-approval-should-be-your-first-step/
)

Why Pre-Approval Should Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
801
stdClass Object
(
    [agents_bottom_line] => Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC] | Simplifying The Market



Some Highlights:


    
 	
  • CoreLogic’s latest Home Price Index shows that prices rose by 7.1% across the United States year-over-year.
    • 
 	
  • With mortgage interest rates rising in the short term, CoreLogic believes price appreciation will slow to 4.7% by this time next year.
    • 
 	
  • 49 out of 50 states, and the District of Columbia, all had positive appreciation over the last 12 months, with the only exception being the state of Connecticut, which experienced a -0.5% appreciation.
    • 


    [assets] => Array
        (
        )

    [can_share] => no
    [categories] => Array
        (
            [0] => stdClass Object
                (
                    [category_type] => standard
                    [children] => 
                    [created_at] => 2019-06-03T18:18:43Z
                    [id] => 8
                    [name] => Infographics
                    [parent] => 
                    [parent_id] => 
                    [published_at] => 2019-06-03T18:18:43Z
                    [slug] => infographics
                    [status] => public
                    [translations] => stdClass Object
                        (
                            [es] => stdClass Object
                                (
                                    [name] => Infografías
                                )

                        )

                    [updated_at] => 2019-06-03T18:18:43Z
                )

            [1] => 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
                )

        )

    [content_type] => blog
    [contents] => Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC] | Simplifying The Market



Some Highlights:


    
 	
  • CoreLogic’s latest Home Price Index shows that prices rose by 7.1% across the United States year-over-year.
    • 
 	
  • With mortgage interest rates rising in the short term, CoreLogic believes price appreciation will slow to 4.7% by this time next year.
    • 
 	
  • 49 out of 50 states, and the District of Columbia, all had positive appreciation over the last 12 months, with the only exception being the state of Connecticut, which experienced a -0.5% appreciation.
    • 


    [created_at] => 2017-01-13T06:00:59Z
    [description] => Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC] | Simplifying The Market


    [expired_at] => 
    [featured_image] => https:///
    [id] => 734
    [published_at] => 2017-01-13T10:00:59Z
    [related] => Array
        (
        )

    [slug] => prices-rose-7-1-year-over-year-infographic
    [status] => published
    [tags] => Array
        (
        )

    [title] => Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC]
    [updated_at] => 2017-01-12T18:06:09Z
    [url] => /2017/01/13/prices-rose-7-1-year-over-year-infographic/
)

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

Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC] | Simplifying The Market
801
stdClass Object
(
    [agents_bottom_line] => 
If you are feeling good about your family’s economic future and are considering making a move to your dream home, doing it sooner rather than later makes the most sense.
    [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] => 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
                )

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

    
 	
  1. The University of Michigan Consumer Sentiment Index
    2. 
 	
  2. National Federation of Independent Businesses' Small Business Optimism Index
    3. 
 	
  3. CNBC All-America Economic Survey
    4. 
 	
  4. The Conference Board Consumer Confidence Survey
    5. 


It usually means good news for the housing market when the country sees an optimistic future. People begin to dream again about the home their family has always wanted, and some make plans to finally make that dream come true.

If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:

HSH.com:


“We think that conforming 30-year fixed rates probably make it into the 4.625 percent to 4.75 percent range at some point during 2017 as a peak.”


Svenja Gudell, Zillow’s Chief Economist:


“I wouldn’t be surprised if the 30-year fixed mortgage rate hits 4.75 percent.”


Mark Fleming, the Chief Economist at First American:


“[I see] mortgage rates getting much closer to 5 percent at the end of next year.”


Lawrence Yun, NAR Chief Economist:


“By this time next year, expect the 30-year fixed rate to likely be in the 4.5 percent to 5 percent range.”


Bottom Line

If you are feeling good about your family’s economic future and are considering making a move to your dream home, doing it sooner rather than later makes the most sense.
    [created_at] => 2017-01-12T06:00:20Z
    [description] => It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/01/11102210/STM-Share6.jpg
    [id] => 733
    [published_at] => 2017-01-12T10:00:20Z
    [related] => Array
        (
        )

    [slug] => is-this-the-year-to-move-up-to-your-dream-home-if-so-do-it-early
    [status] => published
    [tags] => Array
        (
        )

    [title] => Is This the Year to Move Up to Your Dream Home? If So, Do it Early
    [updated_at] => 2017-01-11T12:12:02Z
    [url] => /2017/01/12/is-this-the-year-to-move-up-to-your-dream-home-if-so-do-it-early/
)

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

It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:
801
stdClass Object
(
    [agents_bottom_line] => The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.

Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range.

But surprisingly, the 20.7% increase in sales in this range was not the highest percent change achieved, as sales of homes over $250,000 increased by double-digit percentages with sales in the $750,000- $1 million range showing the largest increase, up 43.2%!

As prices in many markets continue to accelerate, it is no surprise to see the percentage of homes in the higher price ranges increasing.

Here is the breakdown:

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories | Simplifying The Market

Homes under $100,000 were the only group to show negative appreciation of sales at -2.4%. This not only points to the lower inventory of homes available for sale in this price range but also speaks to the overall strength of the housing market.

What does that mean to you if you are selling?

Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit down with your agent to see if it is priced appropriately to compete in today’s market.
    [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] => The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.

Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range.

But surprisingly, the 20.7% increase in sales in this range was not the highest percent change achieved, as sales of homes over $250,000 increased by double-digit percentages with sales in the $750,000- $1 million range showing the largest increase, up 43.2%!

As prices in many markets continue to accelerate, it is no surprise to see the percentage of homes in the higher price ranges increasing.

Here is the breakdown:

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories | Simplifying The Market

Homes under $100,000 were the only group to show negative appreciation of sales at -2.4%. This not only points to the lower inventory of homes available for sale in this price range but also speaks to the overall strength of the housing market.

What does that mean to you if you are selling?

Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit down with your agent to see if it is priced appropriately to compete in today’s market.
    [created_at] => 2017-01-04T06:00:28Z
    [description] => The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2017/01/03165950/STM-Share.jpg
    [id] => 727
    [published_at] => 2017-01-04T10:00:28Z
    [related] => Array
        (
        )

    [slug] => year-over-year-sales-increases-reaches-double-digits-in-5-price-categories
    [status] => published
    [tags] => Array
        (
        )

    [title] => Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories
    [updated_at] => 2017-01-04T14:00:39Z
    [url] => /2017/01/04/year-over-year-sales-increases-reaches-double-digits-in-5-price-categories/
)

Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories

The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure.
801
stdClass Object
(
    [agents_bottom_line] => 
Buyer demand continues to outpace the supply of homes for sale. Listing your home in the winter attracts serious buyers who are looking to close the transaction quickly.
    [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] => 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
                )

        )

    [content_type] => blog
    [contents] => The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices.

We are all familiar with the concept of supply and demand. As the demand for an item increases the supply of that same item goes down, driving prices up.

Year-over-year inventory levels have dropped each of the last 18 months, as inventory now stands at a 4.0-month supply, well below the 6.0-month supply needed for a ‘normal’ market.

The median price of homes sold in November (the latest data available) was $234,900, up 6.8% from last year and marking the 57th consecutive month with year-over-year gains.

NAR’s Chief Economist, Lawrence Yun had this to say:

"Existing housing supply at the beginning of the year was inadequate and is now even worse heading into 2017. Rental units are also seeing this shortage. As a result, both home prices and rents continue to far outstrip incomes in much of the country."

But there is good news about rising prices. More and more homeowners are recovering from a negative equity situation and learning that they are able to sell their homes and either move up to their dream home or downsize to a property that will better suit their needs. Look for these homes to come to market soon.

Bottom Line

Buyer demand continues to outpace the supply of homes for sale. Listing your home in the winter attracts serious buyers who are looking to close the transaction quickly.
    [created_at] => 2017-01-03T06:00:44Z
    [description] => The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2016/12/22095515/STM-Share7.jpg
    [id] => 726
    [published_at] => 2017-01-03T10:00:44Z
    [related] => Array
        (
        )

    [slug] => inadequate-inventory-driving-prices-up
    [status] => published
    [tags] => Array
        (
        )

    [title] => Inadequate Inventory Driving Prices Up
    [updated_at] => 2016-12-23T11:19:30Z
    [url] => /2017/01/03/inadequate-inventory-driving-prices-up/
)

Inadequate Inventory Driving Prices Up

The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices.
801
stdClass Object
(
    [agents_bottom_line] => 
Before you decide to take on the challenges of selling your house on your own, let’s get together and discuss the options available in your market today.
    [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] => 41
                    [name] => For Sale by Owner
                    [parent] => 
                    [parent_id] => 
                    [published_at] => 2024-04-10T16:01:58Z
                    [slug] => for-sale-by-owner
                    [status] => public
                    [translations] => stdClass Object
                        (
                            [es] => stdClass Object
                                (
                                    [name] => “FSBO“
                                )

                        )

                    [updated_at] => 2024-04-10T16:01:58Z
                )

        )

    [content_type] => blog
    [contents] => In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. Exposure to Prospective Buyers

Recent studies have shown that 94% of buyers search online for a home. That is in comparison to only 17% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

Where did buyers find the home they actually purchased?

    
 	
  • 51% on the internet
    • 
 	
  • 34% from a Real Estate Agent
    • 
 	
  • 9% from a yard sign
    • 
 	
  • 1% from newspapers
    • 


The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

3. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

    
 	
  • The buyer who wants the best deal possible
    • 
 	
  • The buyer’s agent who solely represents the best interest of the buyer
    • 
 	
  • The buyer’s attorney (in some parts of the country)
    • 
 	
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
    • 
 	
  • The appraiser if there is a question of value
    • 



4. FSBOing Has Become More And More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.


5. You Net More Money When Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

Studies have shown that the typical house sold by the homeowner sells for $185,000, while the typical house sold by an agent sells for $245,000. This doesn’t mean that an agent can get $60,000 more for your home, as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, let’s get together and discuss the options available in your market today.
    [created_at] => 2016-12-26T06:00:06Z
    [description] => In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2016/12/13111437/STM-Share2.jpg
    [id] => 720
    [published_at] => 2016-12-26T10:00:06Z
    [related] => Array
        (
        )

    [slug] => top-5-reasons-you-should-not-for-sale-by-owner
    [status] => published
    [tags] => Array
        (
        )

    [title] => Top 5 Reasons You Should Not For Sale By Owner
    [updated_at] => 2016-12-19T15:14:09Z
    [url] => /2016/12/26/top-5-reasons-you-should-not-for-sale-by-owner/
)

Top 5 Reasons You Should Not For Sale By Owner

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.
801
stdClass Object
(
    [agents_bottom_line] => 
Home prices are appreciating in this seller’s market. Making your home available over the next few weeks will give you the most exposure to buyers who will be competing against each other to buy it.
    [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
                )

        )

    [content_type] => blog
    [contents] => If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now!

The latest Existing Home Sales Report from The National Association of Realtors (NAR), revealed that the inventory of homes for sale has dropped to a 4.3-month supply.

Historically, a 6-month supply is necessary for a ‘normal’ market, explained below:

Why You Shouldn’t Take Your House Off the Market During the Holidays | Simplifying The Market

There are more buyers that are ready, willing, and able to buy now than there have been in years! The supply of homes for sale is not keeping up with the demand of these buyers.

Bottom Line

Home prices are appreciating in this seller’s market. Making your home available over the next few weeks will give you the most exposure to buyers who will be competing against each other to buy it.
    [created_at] => 2016-12-15T06:00:06Z
    [description] => If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now!
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2016/12/13114405/Share-STM.jpg
    [id] => 713
    [published_at] => 2016-12-15T10:00:06Z
    [related] => Array
        (
        )

    [slug] => why-you-shouldnt-take-your-house-off-the-market-during-the-holidays
    [status] => published
    [tags] => Array
        (
        )

    [title] => Why You Shouldn’t Take Your House Off the Market During the Holidays
    [updated_at] => 2016-12-13T12:51:50Z
    [url] => /2016/12/15/why-you-shouldnt-take-your-house-off-the-market-during-the-holidays/
)

Why You Shouldn’t Take Your House Off the Market During the Holidays

If you are one of the many homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now!
801
stdClass Object
(
    [agents_bottom_line] => 
Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, let’s get together to find out if you are able to, today!
    [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] => Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Building Your Family’s Wealth Over the Next 5 Years | Simplifying The Market

Since the experts predict that home prices will increase by 4.0% this year alone, the young homeowners will have gained over $10,000 in equity in just one year.

Over a five-year period, their equity will increase by over $43,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, let’s get together to find out if you are able to, today!
    [created_at] => 2016-12-13T06:00:18Z
    [description] => Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2016/12/08113220/20161213-Share-STM.jpg
    [id] => 711
    [published_at] => 2016-12-13T10:00:18Z
    [related] => Array
        (
        )

    [slug] => building-your-familys-wealth-over-the-next-5-years
    [status] => published
    [tags] => Array
        (
        )

    [title] => Building Your Family’s Wealth Over the Next 5 Years
    [updated_at] => 2016-12-08T12:42:49Z
    [url] => /2016/12/13/building-your-familys-wealth-over-the-next-5-years/
)

Building Your Family’s Wealth Over the Next 5 Years

Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
801
stdClass Object
(
    [agents_bottom_line] => 
Individual opinions make headlines. We believe this survey is a fairer depiction of future values.
    [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
                )

        )

    [content_type] => blog
    [contents] => Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 4.0% over the course of 2017, 3.2% in 2018 and 3.0% the next three years (as shown below). That means the average annual appreciation will be 3.24% over the next 5 years.

Home Prices: Where Will They Be in 5 Years? | Simplifying The Market

The prediction for cumulative appreciation ticked up from 18.7% to 21.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 10.2%.

Home Prices: Where Will They Be in 5 Years? | Simplifying The Market

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.
    [created_at] => 2016-12-12T06:00:46Z
    [description] => Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2016/12/08110433/STM-Share.jpg
    [id] => 710
    [published_at] => 2016-12-12T10:00:46Z
    [related] => Array
        (
        )

    [slug] => home-prices-where-will-they-be-in-5-years
    [status] => published
    [tags] => Array
        (
        )

    [title] => Home Prices: Where Will They Be in 5 Years?
    [updated_at] => 2016-12-08T12:24:28Z
    [url] => /2016/12/12/home-prices-where-will-they-be-in-5-years/
)

Home Prices: Where Will They Be in 5 Years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.
801
stdClass Object
(
    [agents_bottom_line] => 
We will have to wait and see what happens as we move forward, but a decrease in home prices should rates go up is anything but guaranteed.
    [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] => 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
                )

            [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
                )

        )

    [content_type] => blog
    [contents] => There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able to buy, and logic says prices will fall if demand decreases.

However, history shows us that this has not been the case the last four times mortgage interest rates dramatically increased.

Here is a graph showing what actually happened:

Will Increasing Mortgage Rates Impact Home Prices? | Simplifying The Market

Last week, in an article titled “Higher Rates Don’t Mean Lower House Prices After All,” the Wall Street Journal revealed that a recent study by John Burns Real Estate Consulting Inc. found that:

“[P]rices weren’t especially sensitive to rising rates, particularly in the presence of other positive economic factors, such as strong job growth, rising wages and improving consumer confidence.”

Last week’s jobs report was strong and the Conference Board just reported that the Consumer Confidence Index was back to pre-recession levels.

Bottom Line

We will have to wait and see what happens as we move forward, but a decrease in home prices should rates go up is anything but guaranteed.
    [created_at] => 2016-12-08T06:00:55Z
    [description] => There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home.
    [expired_at] => 
    [featured_image] => https://simplifyingmedia/wp-content/uploads/2016/12/05171851/20161208-Share-STM.jpg
    [id] => 708
    [published_at] => 2016-12-08T10:00:55Z
    [related] => Array
        (
        )

    [slug] => will-increasing-mortgage-rates-impact-home-prices
    [status] => published
    [tags] => Array
        (
        )

    [title] => Will Increasing Mortgage Rates Impact Home Prices?
    [updated_at] => 2016-12-07T13:12:41Z
    [url] => /2016/12/08/will-increasing-mortgage-rates-impact-home-prices/
)

Will Increasing Mortgage Rates Impact Home Prices?

There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home.