The #1 Reason to Sell Now… Not Next Spring

The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an … Tell me More…

Mortgage Interest Rates Just Went Up… Should I Wait to Buy?

  Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able … Tell me More…

Existing Home Sales Surge Forward Through Fall [INFOGRAPHIC]

  Some Highlights: •The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. •First-time homebuyers made up 33% of all sales in October. •Homes are selling quickly with 43% of homes on the market for less than a month. •A limited supply continues to drive up prices for the 56th consecutive … Tell me More…

Strong Buyer Demand Continues to Outpace Inventory of Homes for Sale

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the … Tell me More…