Rising Prices - Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a [...]
Buying means cheaper - The results of the latest 12 Key Differences show that home ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. Stats actually show that the range is an average of 3.5% less expensive in San Jose (CA), all the way [...]
Rent vs Buy Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. The information here is from [...]
Buy or Rent? 12 key differences - Even if you can afford to buy a house, that doesn't always mean it's the right choice to make. What's your goal — to make a profit, or to settle down in a place you really like? What's your credit score? Are you planning to move in the next couple [...]
Luxury Home Sales - In a recent article, CoreLogic looked at the correlation between stocks and the sales of upper-end properties ($1 Million plus sales price). The report revealed: The powerful ‘wealth effects’ generated by the rapid rise in equities between 2009 and 2015 drove a large rise in the sales of homes that sold [...]
Home Office Trend - The rise of the internet and increased telecommunication abilities have led to more and more people working from home. It’s now thought that freelancers working from a home office brings $715 annually to the US economy, and many more of us divide our time between working from home and working from a [...]
Mortgage Rates August 2016: Average fixed mortgage rates declined after nudging slightly higher for three consecutive weeks, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®). Mortgage Rates August 2016 The 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.5 point for the week ending August 4, 2016, down from [...]
Want a Home: What Does a Home Mean to You? Want a Home – No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair, the emotional reasons why we choose to buy our own [...]
International Real Estate - Like the rest of the real estate marketplace, international real estate is shifting. Read on for a few hard facts you need to know. International Real Estate International Real Estate International Sales Volume Increased by 3 Percent International real estate sales volume increased by 3 percent, while the dollar [...]
Gap narrows slightly - 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 [...]