What’s Happening with Home Prices? Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the latest Home Price Index from Continue Reading about What’s Happening with Home Prices?
Home Prices
Home Price Appreciation Is Skyrocketing in 2021. What About 2022?
Home Price Appreciation Is Skyrocketing in 2021. What About 2022? One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year. Here are the latest percentages showing the year-over-year increase in home price Continue Reading about Home Price Appreciation Is Skyrocketing in 2021. What About 2022?
Is Housing Affordability Less Now Than in Past Decades?
Is Housing Affordability Less Now Than in Past Decades? There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go all the way back Continue Reading about Is Housing Affordability Less Now Than in Past Decades?
Key Questions To Ask Yourself Before Buying a Home
Key Questions To Ask Yourself Before Buying a Home Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision. Before you decide whether you’re ready to buy a home, you should know Continue Reading about Key Questions To Ask Yourself Before Buying a Home
Why This Isn’t Your Typical Summer Housing Market
Why This Isn’t Your Typical Summer Housing Market In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the summer housing market is expected to be an unusually strong season. Here’s how this summer is Continue Reading about Why This Isn’t Your Typical Summer Housing Market
Selling Your House? Make Sure You Price It Right.
Selling Your House? Make Sure You Price It Right. Selling your house in today's market. There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR): Homes typically sell within 17 Continue Reading about Selling Your House? Make Sure You Price It Right.
Home Price Appreciation Is as Simple as Supply and Demand
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
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
