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The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study regarding homeownership confirmed a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis […]
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 […]
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 […]
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is it better […]
When it comes to mortgages, there’s a big gap between what people think they need in order to get one and the reality of what buyers are successfully doing—especially young people. I know, I know, I’ve written on down payments before (like last month, when I highlighted that putting 20% down isn’t the norm). But you know what? When […]
Brand-spankin’ new homes sold like hotcakes last year, as buyers raced to close on the abodes of their dreams. Maybe it was that new-home smell—or the sight of rising mortgage rates. Sales of new homes were up 12.2% in 2016 compared with a year earlier, according to the seasonally adjusted numbers in a joint report by the U.S. […]
Are you thinking of buying a home? Are you dreading having to walk through strangers’ houses? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of buying. A great agent is always worth more than the commission they charge, just like a great […]
So you’ve decided to sell your house and you want that house sold, easily! You’ve hired a real estate professional to help you with the entire process and they have asked you what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of […]
Are you ready to find your next dream home? As we bring in the New Year, families across the country will be deciding if this is the year that they will sell their current house. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the […]
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. Speaking of renting, the updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way […]