Move-Up Buyers Archives - Page 10 of 12 - Joe Fernald

There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly. After all, 14,904 houses sold yesterday, 14,904 will sell today, and

Empty Nesters: Best to Remodel or Time to Sell?

August 31, 2017

For Buyers, For Sellers, Move-Up Buyers

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Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based on the record of dollars spent

Number of Buyers Putting Down Less Than 10% Hits 7-Year High

August 30, 2017

Down Payments, For Buyers, For Sellers, Move-Up Buyers

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According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put

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

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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

Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750

August 28, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

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The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because

Home Prices Up 6.64% Across the Country! [INFOGRAPHIC]

August 25, 2017

For Buyers, For Sellers, Infographics, Move-Up Buyers, Pricing

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Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska & West Virginia were the only states

Want to Keep Up with the Joneses? Now’s the Time

August 23, 2017

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

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Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other for those who are looking to make

58% of Homeowners See a Drop in Home Values Coming

August 17, 2017

For Buyers, Housing Market Updates, Move-Up Buyers

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According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very

Sellers: Your Home is an Oasis in an Inventory Desert

August 16, 2017

For Sellers, Move-Up Buyers

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First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand! According to the National Association of Realtors (NAR),

Homes Are Selling Quickly Nationwide

August 15, 2017

For Sellers, Housing Market Updates, Move-Up Buyers

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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 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago. 54% of homes across the country were