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Monthly Archives: October 2018

    The True Cost Of NOT Owning Your Home

    By Marco Manumbas | October 26, 2018

      Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence. Realtor.com reported that: “Buying remains the more attractive option in the long term – that remains... Read More

    Are We About To Enter A Buyers’ Market?

    By Marco Manumbas | October 25, 2018

    Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening? The market has definitely softened.... Read More

    2 Factors To Watch In Today’s Real Estate Market Whether Buying Or Selling

    By Marco Manumbas | October 23, 2018

      When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two... Read More

    How Does The Supply Of Homes For Sale Impact Buyer Demand?

    By Marco Manumbas | October 22, 2018

      The price of any item is determined by the supply of that item, as well as the market’s demand for it. 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

    Should I Buy Now? Or Wait Until Next Year?

    By Marco Manumbas | October 17, 2018

    Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.2% by the third quarter of 2019. CoreLogic predicts home prices to appreciate by 5.1%... Read More

    Are Home Prices Softening Or Are They Falling?

    By Marco Manumbas | October 15, 2018

    We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values. Many of these... Read More

    The Cost Of NOT Paying PMI

    By Marco Manumbas | October 12, 2018

    Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds months, and sometimes even... Read More

    Where Are Mortgage Interest Rates Headed In 2019?

    By Marco Manumbas | October 11, 2018

    The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic... Read More

    How Much Has Your Home Increased In Value?

    By Marco Manumbas | October 10, 2018

    Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price. The... Read More

    4 Reasons To Sell This Fall

    By Marco Manumbas | October 9, 2018

    Some Highlights: Housing inventory is still under the 6-month supply that is needed for a normal housing market. Buyers are often competing with one another for the listings that are available. Perhaps the time has come for you and your family to move on and start living the life you desire. 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.