Wednesday, February 20, 2019 / by Nicole Solari
All Generations Believe Renting Is More Affordable Than Owning—Even Though It’s Not True
According to new research from lender Freddie Mac, every generation—from millennials to Gen Xers to Baby Boomers—are continuing to rent because they think it’s saving them money. According to the report, 76% of Millennials, 75% of Gen Xers, and 81% of Baby Boomers said renting was the more affordable option.
But with rents rising across the country, that’s just no longer the case. According to the most recent Market Outlook Report from Realtor.com, rents rose year over year in nearly ¾ (73%) of counties across the United States. And according to Trulia, it is now more affordable to own a home than to rent in a whopping 98% of the largest metro markets in the US.
The misconception that renting is more affordable than homeownership is not only costing renters of every generation money, it&r ...
Monday, February 18, 2019 / by Nicole Solari
4 Behind-The-Scenes Ways Your Real Estate Agent Supports Your Home Sale
When you hire a real estate agent to sell your home, there are obvious things you notice them doing to help your house sell. Things like: hosting open houses, bringing potential buyers on home tours, and marketing your property in multiple ways to make sure it gets enough exposure.
But when it comes to adding value to your home sale, that's just the tip of the iceberg. A huge percentage of your agent's job takes place behind-the-scenes, and they're working around the clock to get your house sold & even when you're not looking.
Here are 4 behind-the-scenes way your real estate agent is working to get your house sold:
1. Performing market research
When it comes to pricing your home, your agent doesn't just pull a random number out of a hat. Your agent's recommendation is a result of extensive market research to ensure your home is priced in a way that's attractive to both buyers ...
Tuesday, February 12, 2019 / by Nicole Solari
How To List Your Home for the Best Price
If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018.
The map below shows the results of the latest index by state.
Real estate is local. Each state appreciates at different levels. The majority of the country saw at least a 2.0% gain in home values, while some residents in North Dakota and Louisiana may have felt prices slow slightly.
This effect will be short lived. In the same report, CoreLogic forecasts that every state in the Union will experience at least 2.0% appreciation, with the majority of the country gaining at least 4.0%! The prediction for the country comes in at 4.6%. For a median-priced home, that translates to over $14,000 in additional equity next year! (The map below shows the forecast b ...
Monday, February 11, 2019 / by Nicole Solari
Thinking of Selling Your House? This is a Perfect Time!
It is common knowledge that a great number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their homes on the market until then. The question is whether or not that is a good strategy this year.
The other listings that come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market during this season in comparison to the rest of the year? The National Association of Realtors (NAR) recently revealed the months during which most people listed their homes for sale in 2018. This graphic shows the results:
The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes on the market. Last year, the number of homes available for sale in January was 1,520,000.
That number spiked to 1,8 ...
Friday, February 8, 2019 / by Nicole Solari
5 Reasons To Love Hiring A Real Estate Pro
Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make!
They are there for you to help with contracts, explaining the process, negotiations, and pricing (both when making an offer or setting the right price for your home).
One of the top reasons to hire a real estate professional is their understanding of your local market and how the conditions in your neighborhood will impact your experience.
LINK: http://www.keepingcurrentmatters.com/2019/02/08/5-reasons-to-love-hiring-a-real-estate-pro-infographic/?utm_campaign=Blog_Promo ...