Real Estate Trends

In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.4-month supply. This is considerably lower than the 6-month inventory necessary for a normal market. DEMAND Every month NAR reports on the amount of buyers that are actually out in the market looking for homes, or foot traffic. As seen in the graph below, buyer demand in February significantly outpaced the…

2015 was an eventful year in the housing market. Plagued by lack of inventory, housing markets did what they could to keep up with the demand as rates defied prognosticators and stayed near historically lows throughout the year. Rents increased far beyond normal, stretching affordability in the rental market. Those increase will force some decisions to be made in 2016 amongst non-committal millennials and boomerang buyers who were biding their time before re-entering the market. Get PreApproved for a Mortgage #1 - Expect a wave of Boomerang Buyers to return to ownership During the Great…

It was an eventful year in the housing market. Demographic shifts, inventory issues, skyrocketing rents, historically low mortgage rates, sweeping changes in the mortgage industry, increasing reliance on technology by home shoppers and those pesky millennials - who continue to be the subject of housing market consternation. The post-crash hangover still lingers in some markets, but many have completely shrugged of the funk of the Great Recession. Get PreApproved for a Mortgage for a Mortgage Build baby build is the tune that most of California is singing as inventory continues to dog housing markets statewide. The lack…

With mortgage rates remaining below 4 percent for the third straight month, existing-home sales in October were at a healthy pace but failed to keep up with September's jump, according to the National Association of Realtors®. All four major regions saw no gains in sales in October. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent to a seasonally adjusted annual rate of 5.36 million in October from 5.55 million in September. Despite last month's decline, sales are still 3.9 percent above a year…

Homes are selling like its 2006 all over again. Contracts to buy home reaches 9-months high. Where the economic tides go so goes the the housing market typically. That is why continued strength in the US economy has led to continued strength in the housing market recently, especially with first-time homebuyers. The National Association of Realtors® (NAR) reported recently in their monthly numbers  that sales of existing homes in May were at the highest rate in nearly six years and April sales, originally reported down by more than 3 percent, weren't hit as…

Unlike the real lottery, hitting the rental property jackpot requires experience, knowledge, and skill. You need to know exactly what to look for and where to look for it. Without both of these factors you can easily find yourself buying a rental property sinkhole. We've put together a collection of facts and tips to help you avoid the pre-mentioned rental property disaster. Below you'll find stats on some of the most popular markets, do's and don't s for purchasing rental properties and tips on how to successfully navigate the purchasing process.

Record low mortgage rates, discounted home prices and rising rents are making home buying extremely attractive in most US cities. More and more data released by several research are pointing towards buying making more financial sense than renting. According to RentJungle, rents have climbed 20% over the past 3 years. On the other hand, home prices have fallen 45% in five years. In a recent announcement, real estate valuation and listing site Zillow reported that in 75% of the 200 metro areas, homeowners would reach a "break-even point" in 3 years or less.…