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Monthly Archives: March 2017

    Consumer Confidence in Economy & Housing is Soaring

    By Marco Manumbas | March 31, 2017

      The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject. HousingWire: “Consumers’ faith in the housing market is stronger than it’s... Read More

    Looking to Move-Up to a Luxury Home? Now’s the Time!

    By Marco Manumbas | March 30, 2017

    If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control. The inventory of homes for sale in the luxury... Read More

    Renting or Buying… Either Way You’re Paying a Mortgage

    By Marco Manumbas | March 27, 2017

    There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained this month... Read More

    How Low Supply & High Demand Impacts the Real Estate Market

    By Marco Manumbas | March 24, 2017

      Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has not been a 6-months inventory supply since August... Read More

    The Foreclosure Crisis: 10 Years Later

    By Marco Manumbas | March 23, 2017

    CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day. With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire... Read More

    It’s a Seller’s Market! Should I Downsize Now?

    By Marco Manumbas | March 22, 2017

    A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their houses in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market. In a blog, Dave Ramsey, the financial... Read More

    Don’t Let Your Luck Run Out

    By Marco Manumbas | March 21, 2017

    Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate... Read More

    4 Great Reasons to Buy This Spring!

    By Marco Manumbas | March 20, 2017

    Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the... Read More

    Which Homes Have Appreciated the Most?

    By Marco Manumbas | March 16, 2017

    Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year. The CoreLogic report... Read More

    A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture

    By Marco Manumbas | March 15, 2017

    The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. Historically, inventory must reach a 6-month... Read More

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Our agents write often to give you the latest insights on owning a home or property in the local area.