Move-Up Buyers Archives - Page 9 of 12 - Joe Fernald

There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the

More Americans Say Now is a Good Time to Sell!

September 20, 2017

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

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Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it was this time last year. Overall, 62% of Americans surveyed

Home Sales Expected to Increase Nicely in 2018

September 19, 2017

For Sellers, Move-Up Buyers

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Freddie Mac, Fannie Mae, and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is projecting in sales for the remainder of this year and the next. As we can see, each entity is projecting sizable increases in home sales next year. If you

5 Reasons to Sell This Fall

September 18, 2017

For Buyers, For Sellers, Move-Up Buyers

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Here are five reasons listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right

Report: Homeownership Is a Precondition of the American Dream

September 14, 2017

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

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Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.” Americans ranked “owning a home I love” higher than any other options (including

Looking for Your Dream Home? Know What You Want vs. What You Need

September 12, 2017

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

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In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d

4 Reasons to Buy a Home This Fall!

September 11, 2017

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

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Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year. The

America Needs Your House!!

September 7, 2017

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

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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

Homeowners: Do You Know Your Home’s Value?

September 6, 2017

For Buyers, For Sellers, Move-Up Buyers

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The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline, “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great news

How Your Home’s Value Grows Your Family’s Wealth

September 5, 2017

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

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Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% 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 $250,000 home in January.