Existing Home Sales Reach Highest Annual Pace in 11 Years
Some Highlights:
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Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
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The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
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NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”
Rent or Buy? The Real Tradeoff Most People Don’t Talk About
Whether you’re looking to buy now or planning for the future, the first step is the same. Have a quick conversation with a local real estate agent about your goals, timeline, and budget.
The Best Week To List Your House Is Just Around the Corner
Based on analysis of historical trends, the ideal week to put your house on the market this year is: April 12–18.
Affordability Has Improved in All 50 States
When buyers have more choices, it creates a healthier balance in the market and that can help bring affordability back within reach.
The Remodel You’ve Been Dreaming About May Be Closer Than You Think
Whether the project you’ve been thinking about is on this list or not, chat with an agent to make sure it’s worth the time, money, and effort before calling in any contractors.
Renting vs. Buying: The Numbers Might Surprise You
There are thousands of down payment assistance programs available across the country, and many buyers qualify without realizing it.
How Your Equity Could Help Younger Generations Buy a Home
Even a small portion of your equity can put them in a position to finally get the keys to their first place!
Four Ways Your Home Equity Can Work for You
You want to maintain at least 20% equity in your home as a financial cushion – something many homeowners didn’t know back in the crash of 2008.
Why Townhomes Are Popular with Today’s First-Time Buyers
Townhomes are more affordable making them one of the best ways for first-time buyers to finally get their foot in the door.
Top 3 Reasons To Buy a Home Before Spring
Buying just a few weeks earlier could mean paying less, dealing with less stress, and feeling less rushed.
Home Insurance Costs Are Rising: What Buyers Should Plan For
Buying a home is one of the biggest purchases you’ll ever make. Homeowner’s insurance is what protects that investment.