The Most Appealing Aspects of Homeownership | Keeping Current Matters The National Association of Realtors (NAR) just released their first issue of the Housing Opportunities & Market Experience Survey (HOME). In the report, NAR revealed what Americans believe to be the most appealing aspects of homeownership. Here is a graph showing the results: The Most Appealing Aspects of Homeownership | Keeping Current Matters It is interesting to see that the two most appealing aspects had nothing to do with money, but instead, addressed the non-financial benefits of homeownership.
Lack-Of-InveLack of Listings Slowing Down the Housing Market | Keeping Current Matters 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 2016 will be the year that the housing market again races forward. 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 this winter, supply is not keeping up. Here are the thoughts of a few industry experts on the subject: … Continue reading
When Is It A Good Time To Rent? NOT Now! | Keeping Current Matters People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today: Median Asking Rents | Keeping Current Matters A recent Wall Street Journal article reports that rents rose “faster last year than at any time since 2007, a boon for landlords but one that has stoked … Continue reading
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Thinking of Buying a Home? 3 Questions Every Buyer Should Answer First | Keeping Current Matters 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. Answering the following 3 questions will help you determine if now is actually a good time for you to buy in today’s market. 1. Why am I buying a home in the first place? This truly is the most important question to answer. Forget the finances for a minute. Why did … Continue reading
Change In Home Sales By Price Range [INFOGRAPHIC] | Keeping Current Matters Some Highlights: Home Sales are up year-over-year in the top 4 price ranges and only slightly below last year’s numbers in a fifth. A lack of distressed property inventory has led to a slow down in sales in the under $100K price range. As home prices continue to rise, there will be fewer homes available for sale in the lower ranges.
Obstacles to Homeownership: Perceived or Real? | Keeping Current Matters Yesterday, we discussed the belief Americans have in homeownership and their desire to partake in this piece of the American Dream. We also discussed some of the obstacles preventing them from attaining that goal. However, studies have shown that many of the obstacles mentioned are perceived, not real. A recent study by Fannie Mae, What Do Consumers Know About The Mortgage Qualification Criteria?, revealed that many consumers are either unsure or misinformed regarding the minimum requirements necessary to obtain a mortgage. Let’s break down three such challenges. Down Payment Perceptions Many renters have mentioned that the lack of an adequate down payment is preventing them … Continue reading