News and Trends


Fri, 25 May 2018 10:00:52 +0000Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC]
Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing Home Sales are now at an annual pace of 5.46 million.
  • Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.
  • The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.
Thu, 24 May 2018 10:00:58 +0000Selling Your House on Your Own Could Cost You
Selling Your House on Your Own Could Cost You | Simplifying The MarketIn this extremely hot real estate market, some homeowners might consider selling their homes on their own which is known as a For Sale by Owner (FSBO). They rationalize that they donít need a real estate agent and believe that they can save the fee for the services a real estate agent offers. However, a […]
Wed, 23 May 2018 10:00:43 +0000Why Have Interest Rates Jumped to a 7-Year High?
Why Have Interest Rates Jumped to a 7-Year High? | Simplifying The MarketInterest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Macís Chief Economist, had this to say: ďHealthy consumer […]
Tue, 22 May 2018 10:00:44 +0000How Current Interest Rates Can Have a High Impact on Your Purchasing Power
How Current Interest Rates Can Have a High Impact on Your Purchasing Power | Simplifying The MarketAccording to†Freddie Macís†latest†Primary Mortgage Market Survey,†interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly†housing costs, but also impacts your purchasing power. Purchasing power, simply put, is […]
Mon, 21 May 2018 10:00:51 +0000Donít Wait to Sell Your House! Buyers Are Out Now
Donít Wait to Sell Your House! Buyers Are Out Now | Simplifying The MarketRecently released†data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of Ďsupply & demandí reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high. Letís see how […]
Fri, 18 May 2018 10:00:36 +0000Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]

Some Highlights:

  • According to the US Census Bureau, Ďmillennialsí are defined as 18-36-year-olds.
  • According to NARís latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32.
  • More and more Ďold millennialsí (25-36) are realizing that homeownership is within their grasp now!
Thu, 17 May 2018 10:00:27 +0000Moving Up to Your Dream Home? Donít Wait!
Moving Up to Your Dream Home? Donít Wait! | Simplifying The MarketMortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values today compared to the beginning of the year? While rates have been […]
Wed, 16 May 2018 10:00:12 +0000Renters Under 50 Want to Buy a Home!
Renters Under 50 Want to Buy a Home! | Simplifying The MarketEvery year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: Assuming you had the financial resources […]
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