Market Updates

Jan. 21, 2019

First-Time Buyer Interest Strong Despite Rising Interest Rates

Interest rates are rising. According to Freddie Mac the current rate for a 30-yr fixed mortgage is 4.81%, which is up a nearly a full percentage point from a year ago. While some were concerned the rising interest rates would have a negative impact on the market, particularly with ...

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Posted in Market Updates
Jan. 18, 2019

Vast Majority of Millennials Looking Towards Homeownership

If you follow pop culture news, you'd think that all millennials are concerned about is SnapChat and avocado toast. But according to a recent report, there's something much more important on millennials' minds these days—and that's buying a home. According to the 2018 Home Buyer Report from ...

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Posted in Market Updates
Jan. 9, 2019

Rents Rise Year-Over-Year In Nearly 75% Of Cities In The US

Rising rents have been a problem in the US for quite some time. According to a recent Market Outlook Report from Realtor.com, in 2017 rents rose in a whopping 78% of markets across the US. And according to recent data, that trend is still going strong in 2018. According ...

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Posted in Market Updates
Dec. 9, 2018

Rental Prices Across the Country Hit Highest Level in Over Two Decades

The US Census Bureau recently released its quarterly report on residential vacancies, and the news isn't good for renters. According to the report, the median asking rental price for vacant units across the country is $951. That price has more than doubled since 1995 (the earliest data available), when ...

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Posted in Market Updates
Nov. 27, 2018

Millennials Cite Student Loan Debt As Top Reason For Delaying Homeownership

Student loan debt is an issue facing many Americans. But as higher education costs have continued to rise in recent years, the impact on the millennial generation has been particularly challenging—and it's a major reason millennials are putting off homeownership. According to the Student Loan Debt and Housing Report ...

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Posted in Market Updates
Nov. 24, 2018

83% of Americans Prefer Owning Over Renting

Owning a home has been a staple of the American dream for decades, and in 2018 it seems the vast majority of Americans still hope to make that dream a reality. According to NerdWallet's most recent Home Buying Report, only 17% of Americans surveyed said they preferred renting over ...

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Posted in Market Updates
Nov. 22, 2018

Couples Prioritize Homeownership Over Weddings

Of all the purchases most people will make in a lifetime, two of the most significant—and most expensive—are weddings and purchasing a home. Because they're so expensive, it can be challenging for couples to save for both. According to a recent survey, it looks like the majority of couples ...

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Posted in Market Updates
Nov. 20, 2018

1 in 4 homes in America are "Equity Rich"

When the housing bubble burst, many Americans found themselves underwater or, in other words, with a home worth significantly less than what they owed on their mortgages. But according to recent data, more and more Americans are finding themselves in the opposite situation—with a home worth far more than what ...

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Posted in Market Updates
Nov. 14, 2018

Tax Reform Shows Little Impact On Housing Market

When the Tax Cuts and Jobs Act of 2017 was passed, some real estate experts worried the reforms specific to housing might negatively impact the market. But nine months later, it looks like their worries were mostly unfounded. According to a recent article on Zillow, the impact of housing-specific changes ...

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Posted in Market Updates
Feb. 12, 2018

Historically Low Inventory Creates Perfect Storm For People Wanting To Sell Their Home

According to Realtor.com’s recent Housing Shortage Report, the US is experiencing the worst inventory shortage in two decades. And while this presents a definite challenge for people looking to buy a home, it creates the perfect storm of opportunity for those wanting to sell.

According to Realtor.com’s research ...

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Posted in Market Updates