1. Luxury Home Sales & the Impact of the Stock Market

    In a recent post, CoreLogic looked at the correlation between stocks and the sales of upper-end properties ($1 Million+ sales price). The report revealed: “The powerful ‘wealth effects’ generated by the rapid rise in equities between 2009 and 2015 drove a large rise in the sales of homes that …Read More

  2. Buying Remains 36% Cheaper than Renting!

    In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 5% less expensive in Ora…Read More

  3. Do You Know the Impact Your Interest Rate Makes?

    Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates are at their lowest in years… RIGHT NOW! If buying y…Read More

  4. Home Sales Accelerate During The “Dog Days of Summer”

    Some Highlights: Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million. Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year. Median home sales prices rose to $247,700, …Read More

  5. The Top Reason to List Your House For Sale Now!

    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: “With demand holdin…Read More

  6. Homes Are Selling at a Rapid Clip

    Homes are selling an average of a week faster than they did a year ago, meaning home shoppers should be prepared to move quickly in a competitive housing market, according to the June Zillow Real Estate Market Report. Tight inventory continues to be a major factor for home shoppers. The supply of ho…Read More

  7. Rents Skyrocket at Highest Rate in almost a Decade

    The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007. This coincides with a report released earli…Read More

  8. 2016 Will Be A Breakout Year For FHA Buyers

    FHA Approvals In Reach For More Buyers FHA loans have long been one of the most popular mortgage types available. Roughly one quarter of all mortgage applicants will opt for an FHA loan because of its buyer-friendly guidelines according to mortgage software company Ellie Mae. FHA was designed to hel…Read More