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Monthly Archives: May 2018

    Will Home Prices Fall as Mortgage Rates Rise?

    By Keeley Ryan | May 31, 2018

    Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry... Read More

    Millennials Are Skipping Starter Homes for Their Dream Homes

    By Keeley Ryan | May 30, 2018

    A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home... Read More

    5 Reasons Why to Sell This Summer!

    By Keeley Ryan | May 29, 2018

    Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More... Read More

    All Gave Some. Some Gave All.

    By Keeley Ryan | May 28, 2018

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    Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC]

    By Keeley Ryan | May 25, 2018

    Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257,900. This... Read More

    Selling Your House on Your Own Could Cost You

    By Keeley Ryan | May 24, 2018

    In this extremely hot real estate market, some homeowners might consider selling their homes on their own which is known as a For Sale by Owner (FSBO). They rationalize that they don’t need a real estate agent and believe that they can save the fee for the services a real estate agent offers. However, a... Read More

    Why Have Interest Rates Jumped to a 7-Year High?

    By Keeley Ryan | May 23, 2018

    Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, had this to say: “Healthy consumer... Read More

    How Current Interest Rates Can Have a High Impact on Your Purchasing Power

    By Keeley Ryan | May 22, 2018

    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is... Read More

    Don’t Wait to Sell Your House! Buyers Are Out Now

    By Keeley Ryan | May 21, 2018

    Recently released data from the National Association of Realtors (NAR) suggests that a now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high. Let’s see... Read More

    Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]

    By Keeley Ryan | May 18, 2018

    Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25... Read More