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Monthly Archives: August 2021

    If Housing Affordability Is About the Money, Don’t Forget This.

    By Marco Manumbas | August 27, 2021

    There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% of their income on... Read More

    What To Do with Your Vacation Home as Summer Ends

    By Marco Manumbas | August 24, 2021

    As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last vacation this summer, here are... Read More

    What Does Being in a Sellers’ Market Mean?

    By Marco Manumbas | August 17, 2021

    Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house?It starts with the number of houses available for sale. The latest Existing... Read More

    Are Houses Less Affordable Than They Were in Past Decades?

    By Marco Manumbas | August 11, 2021

    There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens... Read More

    Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

    By Marco Manumbas | August 5, 2021

    In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.” However, it seems buyers are now shifting their preferences back to existing homes. The latest Consumer Confidence Survey reveals... Read More

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