Move-Up Buyers Archives - Page 11 of 12 - Joe Fernald

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). The latest survey data, covering 2014-2016 will

Hey, Millennial Homeowners!! It May Be Time to Sell

August 11, 2017

For Sellers, Millennials, Move-Up Buyers

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Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise. Many Millennials took advantage of post housing

93.9% Of Homes in The US Have Positive Equity

August 9, 2017

For Sellers, Move-Up Buyers

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CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year. The study also revealed that: Roughly 63% of all homeowners have seen their equity increase since Q1 2016

How Long Do Most Families Stay in Their Home?

August 8, 2017

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

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The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median

Do Your Future Plans Include a Move? What’s Stopping You from Listing Now?

August 3, 2017

For Sellers, Move-Up Buyers

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Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your style? Are you close to retirement and not ready to move yet, but living in a home that is too big in size and maintenance needs? How can you line up your current needs with

Americans Still Believe Real Estate is Best Long-Term Investment

July 27, 2017

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

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According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “What is the best way to invest money you wouldn’t need for 10 years or

Rising Home Prices Mean Great News for Homeowners

July 25, 2017

For Sellers, Move-Up Buyers, Pricing

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Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise. The great news

84% of Americans Believe Buying a Home is a Good Financial Decision

July 20, 2017

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

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According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision: Homeownership

3 Tips to Succeed in Today’s Real Estate Market

July 19, 2017

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

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In today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home. The 3 tips we are going to expand on today come from a recent blog by

3 Questions to Ask Before You Buy Your Dream Home

July 17, 2017

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing

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If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions to