Homeownership Still Part of the American Dream

by Chris Druesedow January 6, 2016

Homeownership Still Part of the American Dream | Keeping Current Matters The National Association of Realtors (NAR) just released the first edition of their Housing Opportunities and Market Experience Survey (H.O.M.E.). NAR explained that the report covers: “…core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership is part of the American Dream…” The current survey confirmed two long standing beliefs regarding homeownership: 1. Americans at every income level believe homeownership is part of the American Dream Homeownership is a Part of the American Dream | Keeping Current Matters 2.) Americans at every age believe that homeownership is a good financial decision Homeownership … Continue reading

Real Estate Shines as an Investment in 2015

by Chris Druesedow January 5, 2016

Real Estate Shines as an Investment in 2015 | Keeping Current Matters A survey by The Joint Center of Housing Studies at Harvard University reveals that when a family is buying a home they consider the financial benefits of homeownership along with the social benefits. The survey mentions things like: Paying rent does not make sense Homeownership provides a good financial opportunity Owning a home helps you building family wealth Buying a home is investing in your retirement Home equity gives you something to borrow against So how did homeownership match up against other investments in 2015? Here is a chart that compares its return on investment against precious metals and the stock market last … Continue reading

Top Reason to List Your House For Sale Now!

by Chris Druesedow January 4, 2016

Top Reason to List Your House For Sale Now! | Keeping Current Matters If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage: “While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.” The latest Existing Home Sales Report shows that there is currently a 5.1-month supply of homes for sale. This remains lower than the 6-month … Continue reading

Are all price points selling?

by Chris Druesedow December 31, 2015

There is much discussion about how the real estate market is in the middle of its turnaround based on sales increasing on a year-over-year basis. Though the fact that housing is again moving is fabulous news, let’s not lose sight of which homes are selling. Here is a closer look at different price ranges and how they are faring in the current ‘boom’: $0-100,000 sales up 38.8% $100,000 – 250,000 sales up 8.7% $250,000 -5 00,000 sales down 6.2% $500,000 – 750,000 sales down 8.9% $750,000 – 1,000,000 sales down 10.6% $1,000,000 – 2,000,000 sales down 23.3% $2,000,000+ sales down 32.4% As we can see, this rebound has only affected the lower price points. Make … Continue reading

American Dream of Homeownership Still Very Much Alive

by Chris Druesedow December 30, 2015

American Dream of Homeownership Still Very Much Alive | Keeping Current Matters In a recent post, Trulia examined whether homeownership was again being seen by adults in the US as a “part of their personal American Dream.” Over the last five years: The percentage of U.S. adults who believe homeownership is part of their American Dream increased from 70% to 75% The percentage of 18-34 Year-olds who believe homeownership is part of their American Dream increased from 65% to 80% Here is a graph of the survey over the last five years: American Dream of Homeownership | Keeping Current Matters Bottom Line As the housing industry recovers from the crisis of 2008-2010, Americans belief in … Continue reading

Thinking of Selling Your Home? Get Ready to Negotiate!

by Chris Druesedow December 29, 2015

Thinking of Selling Your Home? Get Ready to Negotiate! | Keeping Current Matters Now that the market has showed signs of recovery, some sellers may be tempted to try and sell their home on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation. In most cases, the seller is not. The seller must realize their ability to negotiate will determine whether they can get the best deal for themselves and their family. Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide to FSBO: The buyer who wants the best deal possible … Continue reading

Don’t Let Rising Rents Trap You!

by Chris Druesedow December 28, 2015

Don’t Let Rising Rents Trap You! | Keeping Current Matters There are many benefits to home ownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com recently reported on what he calls a “Rental Affordability Crisis”. He warns that, “Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.” The Joint Center for Housing Studies at Harvard University recently released their 2015 Report on Rental Housing, in which they reported that 49% … Continue reading

Real Estate Websites by Cherie Young