With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
Rates are projected to climb to 5.0% by this time next year according to
Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant!
Lock in a low rate now while you can!
If you are planning on listing your house for sale this year, here are the top four
home improvement projects that will net you the most Return on Investment (ROI). Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2
nd and 4 th best renovations for returns on investment.
Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
Home prices will rise at a rate of 4.8% over the course of 2019 according to
CoreLogic. All four major reporting agencies believe that home sales will outpace 2018!
Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state.
Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
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 5.2% by the third quarter of 2019.
CoreLogic predicts home prices to appreciate by 5.1% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!
Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most ‘educated’ decisions you can make!
A real estate professional has the experience needed to help you through the entire process.
Make sure that you hire someone who knows current market conditions and can simply and effectively explain them to you and your family!
June is National Homeownership Month!
Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial.
What reasons do you have to own your own home?
According to the
US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest
the median age of all first-time home buyers is 32. Profile of Home Buyers & Sellers, More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now!
National Association of REALTORS® recently surveyed their members for their Confidence Index. The
is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. REALTORS® Confidence Index Homes sold in less than 60 days in 35 out of 50 states and Washington D.C.
Homes typically went under contract in 30 days in March!
According to the latest
from the Existing Home Sales Report National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017.
Inventory levels dropped year-over-year for the 34
th consecutive month and are now 7.2% lower than March 2017 levels, representing a 3.6-month supply.