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Housing Inventory Disappearing

By chriscollins | May 3, 2016

The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report which gives insight into today’s market conditions. Inventory Levels & Demand Sales of existing homes rose 5.1% month-over-month in March and are 1.5% higher…

Billionaire: Buy a Home… And if You Can, Buy a Second Home!

By chriscollins | May 2, 2016

Three years ago, John Paulson gave a keynote address at the CNBC/Institutional Investor Conference. In his speech, he told those in attendance that he believes housing will continue its strong recovery for the next 4 to 7 years, saying that: “The housing market has bottomed. It’s not too late to get involved. I still think…

Investment Home Sales Rebound in 2015 [INFOGRAPHIC]

By chriscollins | April 29, 2016

Some Highlights: 2015 marks the first year-over-year increase in investment home sales since 2011. 62% of all investment homes purchased were single family homes. The South saw the highest percentage of investment home sales (39%) with the West coming in second (28%). from Simplifying the Market™ http://ift.tt/1SCQ2NO via IFTTT

Investors: More Sales and Higher Prices

By chriscollins | April 28, 2016

The National Association of Realtors recently released their 2016 Investment and Vacation Home Buyers Survey. The survey revealed many characteristics of both vacation home purchasers and investors. Two weeks ago, we posted on the vacation home market. Today, we want to concentrate on the investor real estate market. The survey revealed that investment-home sales in…

Homes Continue to Sell Quickly Nationwide

By chriscollins | April 27, 2016

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 47 days in March. This is a decrease from the 59 days reported in February, as well as the 52 days reported back in March 2015. 42% of homes…

One More Time… You Do Not Need 20% Down To Buy NOW

By chriscollins | April 26, 2016

A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.  1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to…

Selling Your Home? Make Sure the Price Is Right!

By chriscollins | April 25, 2016

In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize…

New Home Buyers Look For Green Options [INFOGRAPHIC]

By chriscollins | April 22, 2016

Some Highlights: 11% of new homebuyers stated “energy efficient features” as the reason for their purchase. The most popular remodeling projects done for energy efficiency were insulation upgrades, HVAC replacements, and vinyl & wood window installations. Research shows that word preference does make a difference when it comes to attracting “green buyers.” from Simplifying the…

Home Prices Are Upbut there is a Challenge

By chriscollins | April 21, 2016

Home values continue to climb and are projected to increase by about 5% over the next twelve months. That is great news for anyone who owns a home. However, it could present a challenge for a family trying to sell their house. If prices are surging, it is difficult for appraisers to find adequate, comparable…

Thinking of Selling? The Market Needs Your Listing!!

By chriscollins | April 20, 2016

The housing market is really heating up and buyer demand is dramatically increasing as we enter the spring season. However, one challenge to the current market is a major shortage of inventory. Below are a few comments made in the last month by industry experts. Lawrence Yun, Chief Economist of NAR “Looking ahead, the key…

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