Pricing Archives - Page 3 of 3 - Joe Fernald

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at

Lack of Existing Home Inventory Slows Sales Heading into Fall [INFOGRAPHIC]

September 22, 2017

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

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Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 31% of all sales in August. Homes are selling quickly with 51% of homes on the market for less than a month. A limited supply continues to drive up prices for the 66th consecutive month.

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

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.

14,904 Homes Sold Yesterday… Did Yours?

September 4, 2017

For Sellers, Move-Up Buyers, Pricing

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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

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

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

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

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