Tuesday, February 12, 2019 / by Nicole Solari
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 ...
Thursday, November 1, 2018 / by Nicole Solari
There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources:
Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.
The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.
Freddie Mac – An organization which provides liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.
Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets.
Here are their projections:
Every so ...
Thursday, September 6, 2018 / by Nicole Solari
Home prices are at the top of everyone’s minds. Can they maintain their current pace of appreciation? Will rising mortgage rates negatively impact home values? Will the next economic slowdown cause prices to crash?
Let’s try to answer these questions based on what has happened in the past as well as what we know about the current real estate market.
The Impact of Rising Interest Rates
We explained earlier this year that rising mortgage rates have not negatively impacted home prices in the past and probably wouldn’t this time either. Freddie Mac’s comments were very direct:
“In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home pr ...
Wednesday, December 13, 2017 / by Hayley Baker
3 Bed | 5 Bath | 3,679 SqFt | Beautiful former model Eastridge Hills home, tucked in a private but welcoming street. Home has features that no other Eastridge estate has such as a custom wine cellar, surround sound, upgraded appliances, built-ins, & so much more! Nice flat lot with amazing views. Master features fireplace, huge walk-in closet, spa-like bathroom all on the main floor. All other bedrooms downstairs, the office can be converted to a bedroom.
Tuesday, December 5, 2017 / by Hayley Baker
10 Amenities That Get Homes Sold During Winter
Many homeowners believe attempting to sell their places during winter is a losing proposition. Real estate agents, however, know any season is the right one when a property is attractive and represents a great value.
With inventory typically lower during the cold weather months, it’s actually a perfect time to put a home on the market. It also doesn’t hurt to set the stage — or sweeten the pot, if you will — by evoking a warm and welcoming vibe that makes would-be buyers want to hang up their coats, kick off their boots, and stay a while.
There’s no denying it’s cold out there, so why not embrace it? The following are amenities that prove winter really can be the most wonderful time of the year.
Create a covetable outdoor space with the help of a fire pit. Whether it’s made of stone and serves as a permanent fixture or is a movable a ...