Author Archives: admin

Buying a Home is more Affordable than Renting in most of the U.S

In 53% of the United States, its cheaper to Buy vs Rent. In the newly released ATTOM Data Solutions 2020 Rental Affordability Report, it shows that owning a median-priced, three-bedroom home is more affordable than renting a three-bedroom property in 455, or 53 percent, of the 855 U.S. counties analyzed for the report. However, the […]

Freddie Mac’s Housing Forecast Rosy for 2020

Freddie Mac's Housing Forecast Rosy for 2020

The housing market will hold steady this year, according to the Freddie Mac December Forecast. You can read their official report here. Freddie Mac expects home sales to jump from 6 million in 2019 to 6.2 million in 2020 and to 6.3 million in 2021. Price growth will likely continue to decelerate through 2021, with […]

New Home Sales Improve

New Home Sales Improve

Median Sales Prices Jump to $330,800. Sales of newly built homes rose in November according to the U.S. Census Bureau and Department of Housing and Urban Development (HUD). New home sales increased by 1.3% from October for an seasonally adjusted annual rate of 719,000. Last year, this was much lower at 615,000, so this is […]

Home Builder Sentiment Best in 20 Years

A stronger economy and a severe housing shortage have the nation’s home builders feeling better than they have in two decades. Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999, according to the National Association of Home Builders Housing Market Index. Anything […]

Loan Limits Raised

Many homebuyers can now get a Conventional mortgage rather than a Jumbo mortgage. Fannie Mae and Freddie Mac have announced their new (and higher) conforming loan limits for 2020 and the good news is that more home buyers will be able to purchase a home via a conventional mortgage than being forced to obtain a […]

Existing Home Sales and Prices Increase

Existing-home sales rose in October, according to the National Association of Realtors. The four major U.S. regions were split last month, with the Midwest and the South seeing growth, and the Northeast and the West both reporting a drop in sales. Total existing-home sales are completed transactions that include single-family homes, townhomes, condominiums and co-ops.  […]

Bidding Wars

Report shows over 10% of homes for sale have multiple bids. Nothing makes a seller feel better and a home buyer feel worse than a bidding war. This is when multiple offers come in, driving up the price of the property for sale. Historically low unemployment rates, rising wages and mortgage rates that are lower […]

Homeowners Staying in their Homes Longer

The typical American homeowner in 2019 had spent 13 years in their home, up from eight years in 2010. Median home tenure increased in all of the 55 metros Redfin analyzed. Many local governments have put policies in place that reduce property tax burdens for senior citizens, which have made it more affordable for older […]

Existing and New Home Sales Gain Momentum

Median Home Prices increase for the 91st straight month! Two very important housing reports last week showed some real strength in our housing market. The National Association of Realtor’s Existing Home Sales Report for September showed a small decrease in sales but that was only due to the fact that there are no houses to […]

Top Ten Metro Migration Locations

Twenty-six percent of home searchers looked to move to another metro area in the third quarter of 2019, up from 25 percent the year before, according to a new report from Redfin. This is a new all-time high for the national share of home-searchers looking to relocate, likely driven by those leaving expensive metros in […]