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    50% of Homes Sold in 30 Days in March [INFOGRAPHIC]

    By Keeley Ryan | May 4, 2018

    Some Highlights: The National Association of REALTORS® recently surveyed their members for their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estat... Read More

    4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

    By Keeley Ryan | May 3, 2018

    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... Read More

    This Just In: Data Says May is the Best Month to Sell Your Home

    By Keeley Ryan | May 2, 2018

    According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved... Read More

    How Much Has Your Home Increased in Value Over the Last Year?

    By Keeley Ryan | May 1, 2018

    Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median... Read More

    Why Home Prices Are Increasing

    By Keeley Ryan | April 30, 2018

    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak... Read More

    Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC]

    By Keeley Ryan | April 27, 2018

    Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017. Inventory levels dropped ye... Read More

    “Short of a war or stock market crash…”

    By Keeley Ryan | April 26, 2018

    This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase in home prices increases payments by roughly 5% A 1% rise in interest rates increases payments by roughly 13% or 14%... Read More

    New Study Shows ‘Best States for Millennials’

    By Keeley Ryan | April 25, 2018

    A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top 5 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage of millennials already living there!) North Dakota... Read More

    Thinking of Selling Your Home? Why You Need A Pro in Your Corner

    By Keeley Ryan | April 24, 2018

    With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that... Read More

    Buying a Home Is Cheaper Than Renting in the Majority of the US

    By Keeley Ryan | April 23, 2018

    The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States requires an average of 38.8% of income. The least affordable market for... 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.