It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of … [Read more...]
American Confidence in Housing at an All-Time High
August 17, 2019 by Leave a Comment
Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI … [Read more...]
3 Tips for Making Your Dream of Owning a Home a Reality [INFOGRAPHIC]
June 8, 2018 by Leave a Comment
![3 Tips for Making Your Dream of Owning a Home a Reality [INFOGRAPHIC]](http://www.concentricrealty.com/wp-content/uploads/2018/06/3-Tips-STM-1046x1354-791x1024.jpg)
Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it. Living within a budget right now will help you save money for down payments while also paying down other … [Read more...]
How Current Interest Rates Can Have a High Impact on Your Purchasing Power
June 8, 2018 by Leave a Comment
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home … [Read more...]
5 Ways Tax Reform Has Impacted the 2018 Housing Market
June 8, 2018 by 1 Comment
Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could … [Read more...]
Why Have Interest Rates Jumped to a 7-Year High?
June 8, 2018 by Leave a Comment
Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam … [Read more...]
Will Home Prices Fall as Mortgage Rates Rise?
June 8, 2018 by Leave a Comment
Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will … [Read more...]
4 Reasons Why Summer Is a Great Time to Buy a Home!
June 8, 2018 by Leave a Comment
Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that … [Read more...]
Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years
June 8, 2018 by Leave a Comment
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market … [Read more...]
Buyer Demand Continues Outpacing the Supply of Homes for Sale
August 1, 2017 by Leave a Comment
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS(NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market … [Read more...]
