Homeownership Finally Makes Political Debate

by Chris Druesedow February 17, 2016

Homeownership Finally Makes Political Debate | Keeping Current Matters This is not a political post! Finally, the issue of homeownership has become a platform talking point in this year’s presidential debate. Yesterday, one of the candidates running for President spoke out about the importance of homeownership in America. Hillary Clinton detailed a new economic agenda yesterday. In announcing her new agenda, she remarked: “Homeownership is about more than just owning a home. It is about putting roots down in a community with better schools, safer streets and good jobs. And it is about building wealth, as homeowners build equity in their home one mortgage payment at a time…We must make sure that everyone has a … Continue reading

Play Chess… Not Checkers

by Chris Druesedow February 16, 2016

Play Chess… Not Checkers | Keeping Current Matters Checkers is a simple game with a simple objective; eliminate the other player’s pieces. Even the process of doing so is simple, jump the other player’s pieces and start a collection. There is very little thought as to a defensive strategy and it is often more reactive than strategic. Even though the objective of Chess is simply laid out — obtain the other player’s King — the process in which to obtain this goal is much more strategic. Chess requires a greater understanding of the ability of each of the 9 different pieces on the board and a risk assessment that takes longer than a simple scan … Continue reading

Homeowner’s Net Worth is 45x Greater Than a Renter’s

by Chris Druesedow February 15, 2016

Homeowner’s Net Worth is 45x Greater Than a Renter’s | Keeping Current Matters Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater. The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction: Homeowner’s Net Worth is 45x Greater Than … Continue reading

How Do You Know If You’ve Found Your ‘Perfect Match’? [INFOGRAPHIC]

by Chris Druesedow February 12, 2016

How Do You Know If You’ve Found Your ‘Perfect Match’? [INFOGRAPHIC] | Keeping Current Matters Some Highlights: Every agent brings a different set of skills & specialties to their clients. It is important to find an agent who you can trust to guide you through the entire process step-by-step. Having a conversation about your goals & expectations will not only save you unneeded frustration, but will also make the transaction as smooth as possible

Final 2015 Housing Numbers Now In

by Chris Druesedow February 11, 2016

Final 2015 Housing Numbers Now In | Keeping Current Matters Many have questioned the stability of certain sectors of the U.S. Economy, one section in particular is the housing market. Today we would like to share how the experts feel about how we ended 2015 and where they think we are headed in 2016. How did we do in 2015? The National Association of Realtors “Overall, a resilient U.S. economy and very solid job growth in recent years made 2015 a great rebound year for the housing market. Existing-home sales were at the highest pace (5.26 million) since 2006 (6.48 million) and the Pending Home Sales Index came in at an average of 108.8, the … Continue reading

Do You Know How Much Equity You Have In Your Home? You May Be Surprised!

by Chris Druesedow February 10, 2016

Do You Know How Much Equity You Have In Your Home? You May Be Surprised! | Keeping Current Matters CoreLogic’s latest Equity Report revealed that 256,000 properties regained equity in the third quarter of 2015. This is great news for the country, as 92% of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News For Homeowners Frank Nothaft, CoreLogic’s Chief Economist, explains: “Home price growth continued to lift borrower equity positions and increase the number of borrowers with sufficient equity to participate in the mortgage market. In the last three years, borrowers with at least 20 percent equity have increased by 11 million, a substantial uptick that is driving … Continue reading

What You Don’t Need To Hear From Your Listing Agent

by Chris Druesedow February 9, 2016

What You Don’t Need To Hear From Your Listing Agent | Keeping Current Matters You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to: Set the market value on possibly the largest asset your family owns (your home) Set the time schedule for the successful liquidation of that asset Set the fee for the services required to liquidate that asset An agent must be concerned first and foremost about you and your family in order to garner that degree of trust. Make sure this is the case. Be careful if the agent you are interviewing begins the interview … Continue reading

Homes Selling Quickly Across The Country

by Chris Druesedow February 8, 2016

Homes Selling Quickly Across The Country | Keeping Current Matters According to the National Association of Realtors’ (NAR) Existing Home Sales Report, homes were on market for an average of 58 days in December. This was slightly longer than the 54 days in November, but still better than the 66 days experienced in December 2014. 32% of homes across the country were on the market for less than a month! Colorado, Utah and Delaware led all states as homes are selling in 30 days or less on average. The map below was created using results from NAR’s Monthly Realtor Confidence Survey. Homes Selling Quickly Across The Country | Keeping Current Matters Bottom Line Buyer demand … Continue reading

Where Are Americans Moving? [INFOGRAPHIC]

by Chris Druesedow February 5, 2016

Where Are Americans Moving? [INFOGRAPHIC] | Keeping Current Matters Some Highlights: For the 4th year in a row the Northeast saw a concentration of High Outbound activity. Oregon held on to the top stop of High Inbound states for the 3rd year in a row. Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring.

This Time “Mr. Wonderful” is just WRONG!!

by Chris Druesedow February 4, 2016

This Time “Mr. Wonderful” is just WRONG!! | Keeping Current Matters Recently, on CNBC’s Closing Bell, Shark Tank investor Kevin O’Leary, also known as “Mr. Wonderful,” said Millennials “don’t give a poo-poo about owning a house.” This thinking couldn’t be further from the truth. Let’s give a few examples to make this point. 1.) In the recent National Housing Market Survey conducted by Fannie Mae, it was revealed that: “…data indicates that millennial renters today have as much desire to own a home as the general population of renters. According to NHS data, the substantial majority of renters age 25-34 say that owning makes more sense than renting from a financial perspective. A majority also … Continue reading

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