Housing Market Updates Archives - Page 5 of 6 - Joe Fernald

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008. Recently, five housing experts weighed in on the question. Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.” “We

Fall Housing Market Update in Vancouver Washington

November 6, 2017

For Buyers, For Sellers, Housing Market Updates, Uncategorized, Video Blog

0 Comments

Fall is here. The days are shorter. The temperatures are cooler. Historically, real estate agents worry that the market is going to drop, but that’s not currently the case. Why Fall Usually Falls The reason the fall market usually tapers off is due to: Kids in school Colder weather Approaching holidays Why Fall Isn’t Falling

Why Sell Now Instead of Later? The Buyers are Out Now

November 2, 2017

For Sellers, Housing Market Updates, Move-Up Buyers

0 Comments

Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently released data suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals that the best price for

Thinking of Selling? You Should Do It TODAY!!

October 16, 2017

For Sellers, Housing Market Updates, Move-Up Buyers

0 Comments

That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME TODAY! In a recent article by CBS News, they explained that the number of existing home sales is shrinking,

A Tale of Two Markets: A 6-Month Update

October 4, 2017

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

0 Comments

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market. In

Which Homes Have Increased in Value the Most?

October 2, 2017

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

0 Comments

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke appreciation down ever further into four price

September Interest Rate Market Report

September 25, 2017

Blog, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Uncategorized, Video Blog

0 Comments

On September 5, 2017, the 30-year fixed mortgage rate was 3.63%. This is close to historic lows. This low number is significant for both buyers and sellers. Here’s why. Low Rates for Sellers As you try to sell your home, you hope to have lots of buyers. When the interest rate is below 5%, buyers

How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC]

September 8, 2017

For Buyers, For Sellers, Housing Market Updates, Infographics

0 Comments

Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a seller’s market! Nationally, there has not been a 6-months inventory supply since August

America Needs Your House!!

September 7, 2017

For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

0 Comments

The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The underlying fundamental issue is an overwhelming lack of supply… The supply of

Where Are the Home Prices Heading in The Next 5 Years?

August 29, 2017

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

0 Comments

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They