“Bottom Line: Even though homes continue to sell faster in what is solidly a sellers’ housing market in most areas, another jump in the number of new sellers compared to a year ago has caused some of our weekly metrics to take a tiny step in a more buyer-friendly direction. Home price gains eased this […]
When It Comes To Selling a House, Your Time Is Money [INFOGRAPHIC]
SOME HIGHLIGHTS Selling a house is no small task. If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional. The vital tasks an agent manages for you include listing and marketing your house, handling legal documentation, negotiating with […]
It’s Not Too Late To Apply For Mortgage Forbearance
Bottom Line Like many Americans, your home may be your biggest asset. By acting quickly, you might be able to take advantage of critical relief options to help keep you in your home. Even if you tried to apply at the beginning of the pandemic and for some reason, it didn’t work out, try again. […]
Why Waiting to Buy a Home Could Cost You a Small Fortune
Bottom Line When asking if they should buy a home, many potential buyers think of the nonfinancial benefits of owning a home. When asking when to buy, the financial benefits make it clear that doing so now is much more advantageous than waiting until next year. Many people are sitting on the fence trying to […]
This Isn’t a Real Estate Bubble. It’s Simply Lack of Supply!
THE BOTTOM LINE: Why it matters: Not all bubbles burst. Real estate, in particular, tends to rise in value much more easily than it falls. Besides, says National Association of Realtors chief economist Lawrence Yun, this “is not a bubble. It is simply lack of supply.” Some Highlights In a recent article, Lawrence Yun, Chief […]
Don’t Be Fooled by Remarkable Real Estate Headlines
Bottom Line There are likely to be some sensational headlines about real estate over the coming months. However, don’t be fooled. The actual story is that the real estate market is finally back to normal. Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, […]
Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]
The Bottom Line If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. Some Highlights With benefits that include a combined home buying budget and shared care giving duties, an […]
93% of Americans Believe a Home Is a Better Investment Than Stocks
Bottom Line The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying: “Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.” A recent Survey of Consumer […]