Top Concerns for Millennial Buyers
According to a recent survey, the top concern among first-time millennial homebuyers was having enough money for a down payment, with 50 percent citing that response, followed by affording a home in their preferred location (45%) and rising home prices (41%).
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New Home Sales Jump
Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S.Census Bureau and the Department of Housing and Urban Development.
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Home Builder Confidence High Despite Rising Costs
The June National Association of Home Builders/Wells Fargo Housing Market Index came in at a very strong reading of 66. The index stood at 66 last year in June 2017. A reading above 50 is considered positive sentiment.
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Home Flipping Rate Matches Six Year High
Inventory levels of homes for sale have been at or near all-time low's all year long.  So, it is great news that home "flipping" is going strong.
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Pending Home Sales Index Strong
The National Association of Realtors latest Pending Home Sales Index was just released and came in at a very strong 106.4.  According to the NAR, any reading above 100 is above historical norms.
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Home Prices Rise at Fastest Pace in 5 Years
The Case-Shiller Home Price Index was released today and it showed a year-over-year gain of 6.79% in their key 20 Metro City Composite Index, which is the fastest appreciation rate since 2014.
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Homeowners Plan to Pump over $13B in Tax Savings into the Housing Market
The Tax Cuts and Jobs Act (TCJA) enacted in December is likely to result in tens of billions of dollars being reinvested into housing in some form or another – despite the fact the legislation expressly limited a number of longstanding tax benefits for homeowners.
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What's the Best Day to Put Your Home on the Market?

While the timing of listing your home for sale should be determined with your Realtor based upon the right solution for your unique circumstances, we do have some national data that simply can't be ignored.

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Housing Confidence All-Time High

The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.4 points in April to 91.7, marking a new all-time survey high.

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Mortgage Delinquencies Fall to 12 Month Low
In yet another sign of the seemingly ever-strengthening housing market, homeowners are keeping current on their mortgage payments as mortgage delinquencies fall to a 12 month low.
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Existing Home Sales Stronger than Expected
Existing-home sales grew for the second consecutive month in March according to the National Association of Realtors®. This report shows that home prices are rising, inventory levels are falling and the time a home is available for sale is dropping quickly. The trifecta of a strong housing market.
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U.S. News States That Lexington Is Among the Best Places to Live.
In its first year in the annual U.S. News & World Report rankings of the best places to live in the United States, Lexington was ranked 21st.
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Fannie Mae Guideline Change Can Reduce Amount of Cash the Buyer Needs at Closing
The mortgage industry behemoth Fannie Mae has issued a letter to lenders with a revised set of guidelines stating that mortgage lenders could now provide assistance to borrowers as a gift that is not subject to repayment. This could cover some or all of the closing costs associated with the purchase of a home.
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Average Millennial Wastes $93K on Rent by the Time They Hit 30
Millennials pay a whopping $92,600 in total rent by the time they turn 30. Although they earn more compared to previous generations, they also have to spend more on rent.
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Cost of Living is Drastically Different across the U.S.
The cost of living can look drastically different depending on where you are. It will cost a single person about $29,118 a year to live in Brownsville, Texas, for example, but in San Francisco, California, that expense more than doubles, to $69,072.
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