How Does the Supply of Homes for Sale Impact Buyer Demand?
The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for ...
Posted by Brent Wells on September 30, 2019 in Selling Your Home
Building A Perry Home In Sandbrock Ranch - Framing
We were lucky enough to help some out of town clients find and purchase this Perry inventory home. The foundation had already been poured and the framers were on-site the day we bought it. I knew I had get out there ASAP to film the framing under ...
Posted by Brent Wells on September 29, 2019 in Building A Home
What Is the Cost of Waiting Until 2020 to Buy A Home?
The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
Freddie Mac forecasts interest rates will rise to 3.8% ...
Posted by Brent Wells on September 27, 2019 in Buying a Home
Homeowners Are Happy! Renters? Not So Much.
When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable.
In a ...
Posted by Brent Wells on September 26, 2019 in Buying a Home
Are You Ready for the ‘Black Friday’ of Real Estate?
Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when to arrive at each store, and capturing a wish list ...
Posted by Brent Wells on September 25, 2019 in Buying a Home
Should You Fix Your House Up or Sell Now?
With the fall season upon us, change is in the air. For many families, children are growing up and moving out of the house, maybe leaving for college or taking a jump into the working world. Parents are finding themselves as empty nesters for the ...
Posted by Brent Wells on September 24, 2019 in Selling Your Home
Is Your House 'Priced to Sell Immediately'
In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do.
According to ...
Posted by Brent Wells on September 23, 2019 in Selling Your Home
4 Reasons to Sell This Fall
Buyers are active in the market and often competing with one another for available listings.
Housing inventory is still under the 6-month supply found in a normal housing market.
Homes are still selling relatively quickly, ...
Posted by Brent Wells on September 20, 2019 in Selling Your Home
What Buyers Need to Know About HOAs
When searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how an HOA works and what they mean for you.
According to a recent article on realtor....
Posted by Brent Wells on September 18, 2019 in Buying a Home
Home Prices Increase in Every Price Range
CoreLogic’s Home Price Index (HPI) Report revealed,
“National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.”
They also analyzed four individual home-price ...
Posted by Brent Wells on September 17, 2019 in Selling Your Home
What Is the Probability That Home Values Sink?
With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope home prices will drop over the next few years. ...
Posted by Brent Wells on September 12, 2019 in Buying a Home
Millennial Buying Power Poised to Boost Homeownership
In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes,
“The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying ...
Posted by Brent Wells on September 11, 2019 in Buying a Home
The Role Access Plays in Getting Your House Sold
So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and you’ve been asked what level of access you want to provide to potential buyers.
There are four elements to a ...
Posted by Brent Wells on September 10, 2019 in Selling Your Home
Home Sales Expected to Continue Increasing In 2020
Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020.
Below is a chart depicting the projections of each entity for 2019, as well as for 2020.As we can ...
Posted by Brent Wells on September 9, 2019 in Selling Your Home
A+ Reasons to Hire a Real Estate Pro
Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most powerful decisions you can make.
A real estate professional has the experience to help you confidently navigate ...
Posted by Brent Wells on September 6, 2019 in Selling Your Home
Everybody Calm Down! This Is NOT 2008
Last week realtor.com released the results of a survey that produced three major revelations:
53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.
57% believe the next ...
Posted by Brent Wells on September 5, 2019 in Market Conditions
How Property Taxes Can Impact Your Mortgage Payment
When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area?
When applying for a mortgage, you’ll see one ...
Posted by Brent Wells on September 4, 2019 in Buying a Home
5 Reasons to Sell This Fall
Below are 5 compelling 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 strong throughout the vast ...
Posted by Brent Wells on September 3, 2019 in Selling Your Home