Skip To Content

Monthly Archives: July 2017

    Buyer Demand Continues Outpacing The Supply Of Homes For Sale

    By Marco Manumbas | July 31, 2017

    The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer... Read More

    Inventory Drops Again, Sales Slow [INFOGRAPHIC]

    By Marco Manumbas | July 28, 2017

    Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines. The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains. Source:Keeping Current Matters |... Read More

    A ‘Buyer’ In Hand Is Worth Two In The Bush

    By Marco Manumbas | July 27, 2017

    In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they are willing to make... Read More

    Rising Home Prices Mean Great News For Homeowners

    By Marco Manumbas | July 25, 2017

    Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise. The great news... Read More

    U.S. Housing Inventory Hits A New Low… List Your House TODAY!

    By Marco Manumbas | July 24, 2017

    Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home. Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of... Read More

    Singles Are Falling For Their Dream Home First [INFOGRAPHIC]

    By Marco Manumbas | July 21, 2017

    Some Highlights: According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year. The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.... Read More

    The 5 Greatest Benefits Of Homeownership

    By Marco Manumbas | July 20, 2017

    Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.” Homeownership can help you build equity over time. Your monthly payments will remain stable. You may have some tax benefits. You can take pride in ownership. Homeownership improves your community. Let’s expand... Read More

    Thinking Of Selling? You Should Act NOW!

    By Marco Manumbas | July 18, 2017

    If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when... Read More

    The 5 Greatest Benefits Of Homeownership

    By Marco Manumbas | July 13, 2017

    Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.” Homeownership can help you build equity over time. Your monthly payments will remain stable. You may have some tax benefits. You can take pride in ownership. Homeownership improves your community. Let’s expand... Read More

    Homeowners: Your Home Must Be Sold TWICE

    By Marco Manumbas | July 12, 2017

    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for... Read More

About our blog

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