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Monthly Archives: June 2017

    75% of Homeowners Think Now is a Good Time to Sell!

    By Marco Manumbas | June 29, 2017

    The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy or sell a home, the perception of home price changes, perceived ability to qualify for a mortgage, and [an] outlook on the U.S. economy.” The... Read More

    Buyer’s Market Helps Premium Home Sales Soar

    By Marco Manumbas | June 28, 2017

    We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat,... Read More

    2 Myths Holding Back Home Buyers

    By Marco Manumbas | June 27, 2017

    In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to qualify for a... Read More

    The Cost of Renting vs. Buying in the US

    By Marco Manumbas | June 23, 2017

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    The Importance of Home Equity in Retirement Planning

    By Marco Manumbas | June 22, 2017

    We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can... Read More

    The Supply & Demand Problem Plaguing New Construction

    By Marco Manumbas | June 21, 2017

    Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while also helping to ease price increases throughout the country.... Read More

    Do You Know How Much Equity You Have in Your Home?

    By Marco Manumbas | June 20, 2017

      CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s Chief Economist, explains: “One million borrowers achieved positive equity over the last... Read More

    Buying Is Now 33.1% Cheaper Than Renting in the US

    By Marco Manumbas | June 19, 2017

    The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all... Read More

    Are Home Prices Approaching Bubble Territory?

    By Marco Manumbas | June 15, 2017

    As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, we must realize that just catching prices... Read More

    The TRUTH Behind the RENT vs. BUY Debate

    By Marco Manumbas | June 14, 2017

    In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home... Read More

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