Market Updates

March 25, 2019

Your Tax Refund Is The Key To Homeownership!

According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $3,143 this year when filing their taxes. This is down slightly from the average refund of $3,436 last year.

Tax refunds are often thought of as ‘extra money’ that can ...

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Jan. 18, 2019

What Is The Cost of Waiting to Buy Next Year?

 

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 5.1% by the end of 2019 ...
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Dec. 28, 2018

How To Save Thousands Of Dollars In Interest On Your Mortgage

 

One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to shorten that term which will actually end up saving ...

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Dec. 22, 2018

Why Houses DO NOT Sell In A Strong Market

 

As we approach the end of the year, many homeowners find themselves asking the question, “If we’re currently in a strong real estate market, why won’t my house sell?

Below are the 5 most common reasons why a listing contract will expire:

1. The Price

Sometimes when ...

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Dec. 7, 2018

2008 Vs. Now: Are Owners Using Their Homes As ATMs Again?

 

Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake.

However, a closer look at ...

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Posted in Market Updates
Nov. 23, 2018

What's Happening in the Market Today?

 

Concerns over turmoil in Britain and their Brexit deal caused investors to seek safe haven in bonds. This helped mortgage rates improve this week.
Stocks continued to suffer losses this week, as the S&P 500 and DJIA both saw 2018 gains erased. There's some speculation the economy could ...
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Posted in Market Updates
Sept. 30, 2018

Are Home Prices Softening Or Are They Falling?

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on ...

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Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood ...

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Posted in Market Updates