Some Highlights

• Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
• Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
• Perhaps the time has come for you and your family to move on and start living the life you desire.

Some Highlights

• As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team!
• There are many benefits to using a local professional!
• Pick a professional who knows your local market and can help you achieve your dreams!

Some Highlights

• Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
• The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
• NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”

Some Highlights

• The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
• In the report, home prices are compared both regionally and by state.
• Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!

Some Highlights

• Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.”
• Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it.
• Living within a budget will not only help you save money for down payments but will help you pay down other debts that might be holding you back.

Some Highlights

• The National Association of REALTORS® surveyed their members for their Confidence Index.
• The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
• Homes sold in less than 60 days in 44 out of 50 states, and Washington D.C.
• Homes typically went under contract in 34 days in October!

Some Highlights

• The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
• Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
• NAR’s Chief Economist, Lawrence Yun, had this to say: “While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”

Some Highlights

• Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).
• While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.

Some Highlights

• Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership.
• So far in 2017, $188 billion has been loaned to veterans and their families through the program.
• VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC.

Every Hour in the US Housing Market: 

• 624 Homes Sell
• 347 Homes Regain Positive Equity
• Median Home Values Go Up $1.13

Some Highlights

Some Highlights

• 40% of millennials who purchased homes this year have put down less than 10%.
• 76.4% of loan applications were approved last month.
• The average credit score of approved loans was 724 in September.

Some Highlights

• Historically, the choice between renting or buying a home has been a tough decision.
• Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.
• Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

Some Highlights

• Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are available!
• Housing inventory is still under the 6-month supply that is needed for a normal housing market.
• Perhaps the time has come for you and your family to move on and start living the life you desire.

Some Highlights

• Many buyers are purchasing a home with a down payment as little as 3%.
• You may already qualify for a loan, even if you don't have perfect credit.
• Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

Some Highlights

• The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
• Freddie Mac predicts interest rates to rise to 4.4% by next year.
• CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months.
• If you are ready and willing to buy your dream home, find out if you are able to!

Some Highlights

• The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.
• First-time homebuyers made up 31% of all sales in August.
• Homes are selling quickly with 51% of homes on the market for less than a month.
• A limited supply continues to drive up prices for the 66th consecutive month.

Some Highlights

• “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
• The top reason millennials choose to buy is to have control over their living space, at 93%.
• Many millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they'd like, or renovate an outdated part of their living space.

Some Highlights

• The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
• Anything under a 6-month supply is a seller’s market!
• Nationally, there has not been a 6-months inventory supply since August 2012!
• Inventory levels differ depending on the area of the country and price range, so let’s get together to discuss the exact market conditions in our area.

Some Highlights:

• Hiring a real estate professional to buy your dream home, or sell your current house, is one of the most 'educated' decisions you can make!
• A real estate professional has the experience needed to help you through the entire process.
• Make sure that you hire someone who knows current market conditions & can simply and effectively explain them to you and your family!

Some Highlights

Some Highlights

• The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
• In the report, home prices are compared both regionally and by state.
• Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
• Alaska & West Virginia were the only states where home prices are lower than they were last year.

Some Highlights

• The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging.
• 50% of staged homes saw a 1-10% increase in dollar value offers from buyers.
• 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
• The top rooms to stage to attract more buyers are the living room, master bedroom, kitchen, and dining room.

Some Highlights

• Thinking of moving across the country? How far will your money take you?
• The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.
• The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $116.01 worth of goods for $100.
• For more information regarding the methodology used to create the map, visit the Tax Foundation.

Some Highlights

• When listing your house for sale your top goal will be to get the home sold for the best price possible!
• There are many small projects that you can do to ensure this happens!
• Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

Highlights:

• Existing Home Sales are now at an annual pace of 5.52 million.
• Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines.
• The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains.

Some Highlights

Some Highlights

• According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
• The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
• The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).