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Monthly Archives: June 2016

BREXIT: What’s the FIXIT for U.S. Home Buyers and Sellers?

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Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market. The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have remained at historic lows for the …

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Gap Between Homeowner’s & Appraiser’s Opinions Narrows Slightly

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In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price …

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Thinking You Should FSBO? Think Again [INFOGRAPHIC]

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Some Highlights:  According to NAR’s Profile of Home Buyers & Sellers: 88% of buyers look for their new home online. Using a real estate agent can net you $39,000 more than FSBO’ing. There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced …

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Hurry Up and List Your House TODAY!!

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That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief …

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Do Homeowners Realize Their Equity Position Has Changed?

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Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year. A study by Fannie Mae suggests that many homeowners are not aware of how their equity position has …

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Thinking of Selling? 5 Reasons You Shouldn’t FSBO

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In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here …

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What’s Happening in the Real Estate Market?

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This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Journalism Conference for the National Association of Real Estate Editors. Here …

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Here Comes the Housing Inventory!!

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Almost every real estate conversation revolves around the continuous rise in house values over the last four years. Some have even mentioned a concern about another possible bubble forming. However, the recent increase in prices can be attributed to a very simple principle: supply and demand. DEMAND Demand for single-family housing has continued to …

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US Housing Market Swings in Favor of Homeownership

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According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, homeownership is a better way to produce greater wealth, on average, than renting. The results from the first quarter index showed that “16 of the 23 metropolitan markets investigated moved in the direction of buy territory.” The BH&J Index is a quarterly report that …

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Home Prices Up 5.67% Across The Country! [INFOGRAPHIC]

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Some Highlights: Across the country, home prices are up by 5.67%. Each state is appreciating at a different rate, however, which is important to realize if you plan on relocating to a different state. Regionally, prices have appreciated year-over-year by as high as 8.15%.

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