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Monthly Archives: May 2017

    Why Working with a Local Real Estate Professional Makes All the Difference

    By Keeley Ryan | May 31, 2017

    If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the... Read More

    #1 Reason to List Your House for Sale, NOW!

    By Keeley Ryan | May 30, 2017

    If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale  The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory: “Last month’s dip in closings was somewhat expected given that there... Read More

    All Gave Some. Some Gave All.

    By Keeley Ryan | May 29, 2017

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    Inventory Challenges Continue! [INFOGRAPHIC]

    By Keeley Ryan | May 26, 2017

    Some Highlights: After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories. Median existing home prices surged for the 62nd straight month, up 6.0% ov... Read More

    How’s the Real Estate Market? Find Out What the Experts Are Saying

    By Keeley Ryan | May 25, 2017

    As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying: Doug Duncan, Fannie Mae Chief Economist “Positive demographic factors should continue to reshape the housing market, as rising employment and incomes appear to be positively influencing... Read More

    More Americans Chose to Own a Home Than Rent in Q1

    By Keeley Ryan | May 24, 2017

    According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households. Of the 1.22 million new households... Read More

    Is Now a Good Time to Rent?

    By Keeley Ryan | May 23, 2017

    People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph... Read More

    5 Reasons to Hire a Real Estate Professional When Buying or Selling!

    By Keeley Ryan | May 22, 2017

    Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or... Read More

    Why Americans Consider Moving to Another State? [INFOGRAPHIC]

    By Keeley Ryan | May 19, 2017

    Some Highlights: In a recent Harris Poll, Americans listed 'change in climate/weather' as their top reason for wanting to relocate. 41% would move for a “better job opportunity.” Being closer to loved ones filled out 3 of the top 6 reasons why Americans move. Read More

    #1 Answer to the Housing Shortage: New Construction

    By Keeley Ryan | May 18, 2017

    The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages. Read More

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Our agents write often to give you the latest insights on owning a home or property in the Coastal Virginia area.