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According to CoreLogic’s latest Home Price Index, home prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase.
Are you a Millennial Homeowner? Are you in your dream home or was this a “starter” home for you? You just might find that it may be time for you to sell your home!
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If […]
There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that […]
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. Ever wonder how long most people stay in their home? As the graph below shows, for over twenty years (1985-2008), the median tenure averaged […]
Housing prices today seem to be in the center of many real estate conversations. Experts have weighed in on the price of homes and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists […]
Are you looking to relocate to a new home or purchase a new home? We think it’s best to understand the past, present and future of home prices. CoreLogic released their most current Home Price Index last week. In the report, they revealed home prices appreciation in three categories. The categories ranged from percentage appreciation over the […]
Whenever there is talk about an improving housing market, some begin to show concern that we may be headed toward another housing bubble that will be followed by a crash similar to the one we saw last decade. Here are five data points that show the housing market will continue to recover, and that a […]
Summer is here! The temperature isn’t the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting. Here are 4 reasons to buy a home right now. 1. Prices Will Continue to Rise […]