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Are Millennials The Key To Future Housing Demand?
Housing demand has been taking some hits lately with rising home prices, higher interest rates, lack of affordable inventory, and lingering student loan debt, but millennials may be the key to where it goes in the near future. The tough conditions for buyers in the market that may be slowing demand have mostly been balanced... Read More
Market Still Climbing As Sales, Prices Rise
After looking like things might try to level off for a bit at the beginning of 2017, the market has continued to climb recently, showing no signs of stopping any time soon. Prices and sales are up across the country at unexpected levels, even as mortgage rates spiked higher last month. Mortgage rates have actually... Read More
New Home Sales Trending Upward
If you’re going to make predictions about something, it’s always nice when they come true… If they’re about something that helps our industry, like new home sales for Real Estate, then it’s great when they exceed expectations! One of the predictions we made for trends to watch in 2017 is beginning to show some results,... Read More
Looking To Buy? Let’s Talk Down Payments
Whether you’re planning to upgrade from one home to another, or are buying a home for the first time, strategizing and saving for a down payment will be on your mind (or should be). But just because it’s important and possibly challenging, doesn’t mean it has to be stressful. If you have a plan and... Read More
What Can We Expect From Real Estate This Year?
2016 was another good year for the housing market. We saw strong gains in home values, and mortgage rates averaged about 3.5% for the year – the lowest since Freddie Mac started keeping track of this in 1972! This, an improving economy, and high demand drove big sales gains also. There were concerns that affordability... Read More
Forget The Fall Slowdown – Home Sales At 10 Year Highs!
The fall season is usually a slower one for Real Estate, but not this year. Even though analysts had called for a predictable slowdown in home sales this autumn, we’ve instead seen the housing market continue to grow over the past few months. October numbers are in now, and they actually show that we just... Read More
More Buyers Making Bigger Down Payments
We’ve all heard that it can be tough for new buyers to afford a home these days, and that one of the common obstacles is that many aren’t able to save enough for that hefty down payment. Because there are a number of programs out there that help buyers borrow with less than 20 percent... Read More
Are First-time Buyers Back? Here’s What We Think
Just when everyone was beginning to talk about the potential for a slowdown in the housing market, home sales have gone up again, and this time it looks like it’s first-time buyers that are making a big difference. Home sales had slumped a bit for a couple months but things turned around last month with... Read More
New Home Sales A Good Sign For Housing Crunch?
There’s been a dirty word floating around Real Estate the past year now – “crunch”. Maybe you’ve heard people talking about a housing crunch, or maybe you’re one of those buyers who’ve experienced firsthand some of the frustration of the lack of available homes or a bidding war for a property. We’ve written about how... Read More
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