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Monthly Archives: August 2018

    A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]

    By Keeley Ryan | August 31, 2018

    Some Highlights: Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most 'educated' decisions you can make! A real estate professional has the experience needed to help you through the entire process. Make sure that you hire someone who knows current market conditions and can simply and effectively explain them to you and your family! Read More

    Why are Existing Home Sales Down?

    By Keeley Ryan | August 30, 2018

    The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is down, and wages are beginning... Read More

    Top 3 Myths About Today’s Real Estate Market

    By Keeley Ryan | August 29, 2018

    There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a... Read More

    Home Sales Expected to Continue Increasing in 2019

    By Keeley Ryan | August 28, 2018

    Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase... Read More

    Rent or Buy: Either Way You’re Paying A Mortgage!

    By Keeley Ryan | August 27, 2018

    There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in... Read More

    What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

    By Keeley Ryan | August 24, 2018

    Some Highlights: The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West. The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purc... Read More

    What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

    By Keeley Ryan | August 23, 2018

    Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in... Read More

    Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

    By Keeley Ryan | August 22, 2018

    You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by the fact that many couples live... Read More

    5 Real Estate Reality TV Myths Explained

    By Keeley Ryan | August 21, 2018

    Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re in the middle of your real... Read More

    The Net Worth of a Homeowner is 44x Greater Than A Renter!

    By Keeley Ryan | August 20, 2018

    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time,... 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.