Category: Pricing

    • House-Buying Power at Near-Historic Levels

      We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American reported that consumer “house-buying power” is at “near-historic levels.” Their […]
      Written by Denise Zervos
    • Homes More Affordable Today than 1985-2000

      Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home is determined by the price and […]
      Written by Denise Zervos
    • Next Recession in 2020? What Will Be the Impact?

      Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the […]
      Written by Denise Zervos
    • What’s the Median Home Value in Your State?

      If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located. In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates […]
      Written by Denise Zervos
    • Homes are More Affordable in 44 out of 50 States

      With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are in much better shape than […]
      Written by Denise Zervos
    • Did Tax Reform Kill the Luxury Market? NOT SO FAR!

      The new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative impact on the luxury housing market. […]
      Written by Denise Zervos
    • Will Home Prices Fall as Mortgage Rates Rise?

      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 […]
      Written by Denise Zervos
    • Moving Up to Your Dream Home? Don’t Wait!

      Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values today compared to the beginning of the year? While rates have been […]
      Written by Denise Zervos
    • What If I Wait Until Next Year to Buy a Home?

      We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, […]
      Written by Denise Zervos
    • 4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

      With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why: Home Prices Mortgage Standards Mortgage Debt […]
      Written by Denise Zervos