September 18, 2018 rummy

Within the property market, there is much written about when the best time to buy and sell is. Just like trading other investments you can try to play the market to your advantage and this certainly applies with investment buyers, but when it comes to selling a home, it is often more about the right time for you rather than trying to judge the wider market. Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented: “Contract signings inched backward once again last month, as declines in the South and West weighed down on overall activity.” Yun goes…

September 14, 2018 rummy

There are no complex forces at work here, just a normal case on Supply and Demand imbalance. Figures shown below are from the best and most reliable source explaining the future of the market. Let’s find out more. The Foot Traffic Report by the National Association of Realtors Methodology: Every month SentriLock, LLC provides NAR Research with data on the number of properties shown by a REALTOR. Lockboxes made by SentriLock, LLC are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be…

September 12, 2018 rummy

If you’re ready to sell your home but just waiting for the right time, then you’re in luck my friend. There’s a saying that goes, “strike while the iron is hot” and right now, the iron is ablaze. You should put your property up in the market while it’s filled with able, willing and eager buyers. Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey. ‚Äč The chart below shows the forecasted year-over-year prices for 2018 (predictions made in 2017). According…

September 11, 2018 rummy

If you’re debating on buying a new home for your family in the future, the best time to buy is now. Here are four good reasons why you should buy a home this fall. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% over the next year. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Freddie…

September 8, 2018 rummy

Research shows that a great number of prospective home buyers came from a family who owned a home as compared to those who grew up in a family who rents. This is great news as most millennials are raised by baby boomers which we all know to be a generation of homeowners. According to an analysis of millennial homeowners, the homeownership rate of those whose parents rent their homes is 14.4%, while the rate amongst millennials whose parents are homeowners is 31.7%! “A young adult’s odds of homeownership are highly correlated with their parent’s homeownership. Without controlling for such factors…

September 6, 2018 rummy

Timing is everything, selling homes included. In case your thinking of selling your home in the future. This fall is the best time for you, here are five great reasons why you should sell this season. 1. Demand Is StrongThe latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! In fact, more often than not, multiple buyers end up competing with each other to buy the same homes. Take…

September 5, 2018 rummy

Let me tell you a story. There is a man who lives in a town where all residents had a job, a house, and a car or two in their driveway. Every day he went to work and came home and sometimes he would go out on the weekends for a drink. He seemed happy, yet he always complained about little things. Deep down his soul, he knows he’s not happy. He regrets the fact that he did not go after the one thing in life that he ever wanted. He sold out for the security of a 9-5 job…

August 29, 2018 rummy

The internet is filled with myths and fake news coming from all platforms, social media sites, blogs and vlogs are amongst the commonly utilized channels. It has conquered politics, entertainment, and product and services alike. Unfortunately, they have infiltrated the real estate market as well. Here are the top myths on Real Estate today. Myth #1: We Are Headed for Another Housing Bubble Home prices have appreciated year-over-year for the last 76 straight months. Many areas of the country are at or near their peak prices achieved before the last housing bubble burst. This has many worried that we are…

August 28, 2018 rummy

We got good news for all homeowners who are planning on selling their homes. Studies show a steady increase of up to 0.2 in home sales over the coming year. If you’re asking whether or not this is the best time to put your home up in the market, then take a look at the chart below. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase steadily over the next year. If you are a homeowner who has considered selling your house recently, now may be the best time…

August 27, 2018 rummy

When buying groceries, people often pick one product out of the countless others because of one reason, they want to spend their money correctly. Have you ever wondered if you’re spending your money correctly on the right mortgage? As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”: “While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone…