Home Price Appreciation Is as Simple as Supply and Demand Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for Continue Reading about Home Price Appreciation Is as Simple as Supply and Demand
Real Estate
Why You May Want To Cash in on Your Second Home
Why You May Want To Cash in on Your Second Home When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Continue Reading about Why You May Want To Cash in on Your Second Home
6 Reasons to Celebrate National Homeownership Month
6 Reasons to Celebrate National Homeownership Month Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As Continue Reading about 6 Reasons to Celebrate National Homeownership Month
How Misunderstandings about Housing Affordability Could Cost You
How Misunderstandings about Housing Affordability Could Cost You There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on housing affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly Continue Reading about How Misunderstandings about Housing Affordability Could Cost You
Home Prices: Buying a Home Is Still Affordable
Buying a Home Is Still Affordable The last year has put emphasis on the importance of one’s home and overall home prices. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and the main market factors Continue Reading about Home Prices: Buying a Home Is Still Affordable
Where Do Experts Say the Housing Market Is Heading?
Where Do Experts Say the Housing Market Is Heading? As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. realtor.com “. . . homes continue to sell quickly in what’s Continue Reading about Where Do Experts Say the Housing Market Is Heading?
3 Things To Prioritize When Selling Your House
3 Things To Prioritize When Selling Your House Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory is creating the ultimate sellers’ market, which means it’s a fantastic time to sell your house. However, that doesn’t mean sellers are guaranteed success no matter what. There are still some key things to know so you can avoid Continue Reading about 3 Things To Prioritize When Selling Your House
Don’t Forget to Budget for Closing Costs
Don’t Forget to Budget for Closing Costs When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia: “When you close on a Continue Reading about Don’t Forget to Budget for Closing Costs
