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Monthly Archives: December 2017

    Housing Prices Are NOT Heading For Another Crash

    By Marco Manumbas | December 22, 2017

    As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explainedthat the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices? Are prices appreciating at... Read More

    Existing Home Sales Reach Highest Annual Pace In 11 Years

    By Marco Manumbas | December 22, 2017

      Some Highlights: Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006. The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply. NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters,... Read More

    Pre-Listing Home Inspection: Key Driver For Home Sellers

    By Marco Manumbas | December 20, 2017

    Pre-listing home inspections are an important component in the real estate transaction, but are often overlooked by home-sellers. If done properly, the pre-listing home inspection allows sellers to gain a clear understanding of the status of their property. They can then fix any issues before putting the home on the market, or properly set the... Read More

    Top 5 Benefits Of Hiring A Real Estate Agent

    By Marco Manumbas | December 20, 2017

    The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellersin which they surveyed recent home buyers and sellers about their experiences. An entire section of the profile is dedicated to buyers’ experiences with their real estate agents. If you are looking to buy in 2018, here are the top 5 benefits of... Read More

    Rents Are On The Rise: Don’t Get Caught In The Rental Trap!

    By Marco Manumbas | December 19, 2017

    There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Rents are up 2.7% year-over-year at the national level. Year-over-year growth continues to fall between the 2.1%... Read More

    4 Reasons To Buy A Home This Winter!

    By Marco Manumbas | December 19, 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 7.0% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year. The... Read More

    What To Do When Your Home Isn’t Selling

    By Marco Manumbas | December 15, 2017

    When sellers start the home-selling process, no one wants to think “What would happen if my home doesn’t sell?” But before you panic, recognize that there are many things that you can do so you don’t wind up in that position. Tip 1: Understanding the real estate market and the value of your home will... Read More

    Home Prices Up 6.54% Across The Country!

    By Marco Manumbas | December 15, 2017

    Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Source: Keeping Current Matters | The KCM Crew 121517 Read More

    Using Your Home’s “Dead” Equity

    By Marco Manumbas | December 14, 2017

     Question. Our house is free and clear. We have a $100,000 home equity line of credit, and the interest rate is somewhere in the neighborhood of 7 percent. We itemize tax deductions and are in a high federal tax rate, and hoping that any new tax laws will reduce our taxes. My question concerns using... Read More

    Should Boomers Buy Or Rent After Selling?

    By Marco Manumbas | December 14, 2017

    In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home. “Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased 3 percent… Meanwhile, more than 5 million baby... Read More

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