January 13, 2016 rummy

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: 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 concerns about housing affordability for renters.”  The article also cited results from a…

September 8, 2014 rummy

It’s that time of year, the seasons are changing and with them bring thoughts of the upcoming holidays, family get togethers, and planning for a new year. Those who are on the fence about whether now is the right time to buy don’t have to look much farther to find four great reasons to consider buying a home now, instead of waiting. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released recently projects appreciation in home values over the…

December 9, 2011 rummy 2Comment

ECONOMIC OUTLOOK Growth Rate – % 2009 2010 2011 2012 Real GDP -3.5 3 1.6 2 Nonfarm Payroll -4.4 -0.7 1.1 1.1 % Levels 2009 2010 2011 2012 Unemployment 9.3 9.6 9 8.8 30 Yr Gov’t Bond 4.1 4.3 4.1 4.4 30 Yr Mortgage 5.1 4.7 4.6 5 % Change–Year Ago 2009 2010 2011 2012 Existing Home Sales 4.9 -4.8 0.3 4 New SF Sales -22.6 -14.4 -8 18.2 Housing Starts -38.7 5.6 -5.8 7.9 So, how’s the market? It’s been down so long no one has noticed it’s going up. But it is! Sure September prices dropped slightly, driven…