March 30, 2019 rummy

One of the most effective selling tools is pricing. With the values of homes varying from region to region, finding the sweet spot wherein buyers will still be interested without compromising the seller’s return in value is harder than most people realize. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 4.4% over the last 12 months. By this time next year, CoreLogic predicts that home values will be 4.6% higher. ‚Äč With prices slowing from their previous pace, homeowners must realize…

March 28, 2019 rummy

Many millennials have been taking their time focusing on things that matter to them. But just because they’re not as quick to act on traditional goals, doesn’t mean they are not ready for them. Let’s take their qualifications for mortgage approval, for instance, many are not even aware they are mortgage ready. History shows that people tend to buy their first home around age 30. Nearly 5 million millennials will turn 30 in the next two years. This will continue to fuel demand for housing. This is also one of the many reasons why the millennial homeownership rate has continued…

March 26, 2019 rummy

Regardless of which generation they belong to the majority of Americans still believes that homeownership still plays a big part in the American Dream and we couldn’t agree more. On the latest report by the Census Bureau on homeownership shows that over the last two years, the percentage of homeowners has increased in each of the last eight quarters. Going forward… It appears the homeownership rate will continue to increase. The 2019 Aspiring Home Buyers Profile recently released by the National Association of Realtors revealed that 84% of non-owners want to own a home in the future. That percentage increased…

March 22, 2019 rummy

Owning a home is still a sure-fire way to increase you and your family’s wealth. Whether it be your first, second or fifth, if you’re planning on buying a home, it is recommended to meet a local professional to find out how you can get the most out of your purchase. Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases, you also…

March 5, 2019 rummy

With the traumatic devastation caused by the last housing bubble, it’s understandable why a lot of Americans can be a little paranoid when it comes to market fluctuations. We tend to worry about heading into another housing crash whenever we see changes in the market. Good news is, we no longer have to go through all that unnecessary stress for here are three indicators to let us know how the market then and now are different from each other. Home Prices Mortgage Standards Foreclosure Rates HOME PRICES A decade ago, home prices depreciated dramatically, losing about 29% of their value…

February 21, 2019 rummy

Pricing your home right is one of the most challenging part of the sales process, too low may mean a loss on your end, on the other hand, you can be at risk of having a stale listing if you price it too high. If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018. The map below shows the results of the latest index by state. Real estate…

February 19, 2019 rummy

If you’re thinking of selling your house this year, now is the best time to do it. The saying “the early bird catches the worm” may sound cliche, but it’s on point with the law of supply and demand. A lot of sellers hold off until spring, and it’s a great opportunity for others to take advantage of less competition to have the prospective buyers all to themselves. The other listings that come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market during this season in comparison…

February 8, 2019 rummy

We have discussed about how owning a home could significantly increase a person’s net worth. Today we’re giving you four more proven ways on how real estate can build sizable family wealth. 1. Appreciation “The rising of home prices over time, is how the majority of wealth is built in real estate. This is the ‘home run’ you hear of when people make a large windfall of money. While prices fluctuate, over the long run real estate values have always gone up, always, and there is no reason to think that is going to change. One thing to consider when…

January 31, 2019 rummy

Even calm waters have a lot going underneath, needless to say, shifting real estate market are caused by a myriad of different driving factors. Here are 3 things you need to know to stay on top of it. 1. What is happening in the housing market right now? Consumers must get past those fear-mongering headlines and gain a deep understanding of what is truly happening. How strong is buyer demand right now? How much competition do listings have today compared to what they will have in the spring? People want to make an educated decision on what is probably their…

January 30, 2019 rummy

Buying brand new things is always a delight, but recent surveys show that when it comes to buying homes, not all people prefer brand new units. This is good news to all homeowners who are thinking of moving out or upgrading. According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home! They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using the money from the sale of their previous homes to make a purchase. Below…