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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…

Buying a Home is 36% Less Expensive Than Renting Nationwide!

By chriscollins | April 19, 2016

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 5% less expensive in Orange County (CA) all the way up…

If You Are Thinking of Selling, Now Is The Time

By chriscollins | April 18, 2016

If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is…

Vacation Home Sales Reach 2nd Highest Mark Since 2006 [INFOGRAPHIC]

By chriscollins | April 15, 2016

Some Highlights: 58% of vacation homes purchased were single family homes. 51% of vacation homes that were purchased were found online. The median price of a vacation home is up 28% from 2014. from Simplifying the Market™ http://ift.tt/1T8RHwC via IFTTT

Vacation Home Sales: Sales Down, Prices Up

By chriscollins | April 14, 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. Today, we want to concentrate on the vacation real estate market. The survey found that vacation-home sales last year declined to an estimated 920,000, down 18.5% from their…

The Top Reasons Why Americans Buy Homes

By chriscollins | April 13, 2016

Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership. Consumer Lending Executive, D. Steve Boland, explained: “Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority…

Over Half of Americans Planning on Buying in the Next 5 Years

By chriscollins | April 12, 2016

According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also…

You Can Save for a Down Payment Faster Than You Think

By chriscollins | April 11, 2016

In a study conducted by Builder.com, researchers determined that nationwide, it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home. Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage of income a renter spends on housing…

More & More Singles Are Falling For Their Dream Home

By chriscollins | April 8, 2016

Some Highlights: 24% of all recent home buyers were single at the time of purchase. 47% of single men cite the desire to own a home of their own as the primary reason to buy. 18% of first-time buyers were single women. from Simplifying the Market™ http://ift.tt/1MjwAs6 via IFTTT

Building Wealth: First Rung on the Ladder is Housing

By chriscollins | April 7, 2016

How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is “an online resource for the most rigorous research and practical information on how a quality, stable, affordable home in a vibrant community contributes to individual and community success”. A recent story they published, The First Rung on…

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