Friday, December 28, 2018 / by Jordan Waters
Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic.
All four major reporting agencies believe that home sales will outpace 2018!
Tuesday, December 18, 2018 / by Jordan Waters
National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates.
As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price but instead about the ‘long-term cost’ of the home.
The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Insights Report, home prices will appreciate by 4.8% over the next 12 months.
What Does This Mean as a Buyer?
If home prices appreciate by 4.8% over the next twelve months as predicted by CoreLogic, here i ...
Thursday, December 13, 2018 / by Jordan Waters
Over the past few years, two trends have emerged in the housing market:
Home renovations have shot up
Inventory of homes available for sale on the market has dropped
A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Report from the National Association of Realtors, we are currently at a 4.4-month supply.
This low inventory environment has many current homeowners worried that they would be unable to find a home to buy if they were to list and sell their current houses, which is causing many homeowners to instead renovate their homes in an attempt to fit their needs.
According to Home Advisor, homeowners spent an average of $6,649 on home improvements over the last 12 months. If that number seems high, it also includes homeowners who recently bought fixer-uppers.
A new study from Zillow ask ...
Thursday, December 6, 2018 / by Jordan Waters
Are You Ready To Live Life On Offense?
Get ready for NFL Hall Of Famer, MVP, and Super Bowl Champion Terrell Davis along with his partner Real Estate entrepreneur Kevin Schumacher for “The Live Life On Offense” Podcast.
Terrell Davis and Kevin Schumacher dive deep into what it takes to develop the mental fitness for a Championship mentality in your business and life. What it takes to be a professional elite athlete goes hand and hand with what it takes to be an elite entrepreneur and person.
Being True To The Game is what it takes to live a life where you’re not just existing in it. The “Live Life On Offense” Podcast will feature in-depth conversations between Terrell and Kevin and interviews with guests that are champions in their careers and lives.
Monday, December 3, 2018 / by Jordan Waters
Further Proof It’s NOT 2008 All Over Again
Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.
However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced in 2008. Today, let’s look at one set of statistics that prove the current market is nothing like the one that preceded the housing crash last decade...
Are Homeowners Renovating to Sell or to Stay?
A new study from Zillow asked the question,
“Given a choice between spending a fixed amount of money on
a down payment for a new home or fixing up their current home,
what would you do?”
Seventy-six percent of those surveyed said that they would rather renovate their
current homes than move. Here ...