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Home Price | Solari Group Blog

Tuesday, February 12, 2019   /   by Nicole Solari

How To List Your Home for the Best Price

How To List Your Home for the Best Price





If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018.
The map below shows the results of the latest index by state.

Real estate is local. Each state appreciates at different levels. The majority of the country saw at least a 2.0% gain in home values, while some residents in North Dakota and Louisiana may have felt prices slow slightly.
This effect will be short lived. In the same report, CoreLogic forecasts that every state in the Union will experience at least 2.0% appreciation, with the majority of the country gaining at least 4.0%! The prediction for the country comes in at 4.6%. For a median-priced home, that translates to over $14,000 in additional equity next year! (The map below shows the forecast b ...

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  real estate, homebuyers, real estate agent, homes for sale, buying, selling, moving, upgrades, investing, real estate team, home price, solari team, selling tips, home seller, interest rates, level up

Friday, February 8, 2019   /   by Nicole Solari

5 REASONS TO LOVE HIRING A REAL ESTATE PRO

5 Reasons To Love Hiring A Real Estate Pro

LINK: http://www.keepingcurrentmatters.com/2019/02/08/5-reasons-to-love-hiring-a-real-estate-pro-infographic/?utm_campaign=Blog_Promo&utm_medium=email&utm_source=email-automated&utm_content=DailyBlogSubscription&utm_term=BlogPost









Highlights:





Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make!






They are there for you to help with contracts, explaining the process, negotiations, and pricing (both when making an offer or setting the right price for your home).






One of the top reasons to hire a real estate professional is their understanding of your local market and how the conditions in your neighborhood will impact your experience.


LINK: http://www.keepingcurrentmatters.com/2019/02/08/5-reasons-to-love-hiring-a-real-estate-pro-infographic/?utm_campaign=Blog_Promo ...

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  real estate, home ownership, realtor, first time home buyer, real estate team, home price, solari group, market trends, team

Monday, June 25, 2018   /   by Nicole Solari

You Don't Need 20% to Buy a Home!

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.


This brings us to two major misconceptions that we want to address today.


1. Down Payment


A recent survey by Laurel Road, the National Online Lender and FDIC-Insured Bank, revealed that consumers overestimate the down payment funds needed to qualify for a home loan.


According to the survey, 53% of Americans who plan to buy or have already bought a home admit to their concerns about their ability to afford a home in the current market. In addition, 46% are currently unfamiliar with alternative down payment options ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, selling, finances, first time home buyer, open house, home price, home inspection, solari team

Thursday, May 17, 2018   /   by Nicole Solari

MOVING UP TO YOUR DREAM HOME? DON’T WAIT!

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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 rising, so have home values. Here are the most recent monthly price increases reported in the Home Price Insights Report from CoreLogic:





January: Prices were up 0.5% over the month before.






February: Prices were up 1% over the month before.






March: Prices were up 1.4% over the month before.





Not only did prices continue to appreciate, the level of appreciation accelerated over the first quarter. CoreLogic believes that home prices will increase by 5.2% over the next twelve ...

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  real estate, home ownership, buying, realtor, selling, finances, invest, real estate team, home price

Thursday, April 26, 2018   /   by Nicole Solari

“Short Of A War Or Stock Market Crash…”

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%





That begs the question…


What if both rates and prices increase as predicted?


The report revealed:




“If interest rates and home prices rise by year-end in the ballpark of what most analysts are forecasting, monthly mortgage payments on a new home purchase could increase another 10–15%. That would make 2018 one of the worst full-year deteriorations in affordability for the past 25 years.”



The percent increase in mortgage payments would negatively impact affordability. But, how would affordability then compare to historic norm ...

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  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, selling, first time home buyer, moving, upgrades, open house, loan, home price, home inspection, solari team, renovation, property taxes, escrow, for sale

The Solari Group
Nicole Solari
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-9057
DRE# 02045526
Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-759-7679

Napa Location
1700 2nd Street Suite 222
Napa, CA 94559
707-819-9119


IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:February 16, 2019
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