Local Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 3, 2019

Home Improvements with High ROI

Is your house a little dated? Do you want to make some improvements or upgrades but also want to make sure that you get the best bang for your buck if you decide to sell? Not all home improvements bring a good return on investment when selling, so unless the improvement is simply for your own style and enjoyment, choosing projects

View More
May 24, 2019

Boomerang Buyers Feel Comfortable Buying Again

According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: Fool me once-shame on you.  Fool me twice-shame on me.”

According to the 2019 Home Buyer Report from NerdWallet, “Thirteen percent of Americans have lost a home due to a

View More
May 17, 2019

Lack of Housing Inventory Still Impacts Our Market

The housing crisis in our market is finally in the rear view mirror as our real estate market moves toward complete recovery.  Home values are up and distressed sales (foreclosures and short sales) have fallen to their lowest point in years.  The market will continue to strengthen in 2019.

However, there is one thing that may cause our market to tap the brakes: a lack of housing inventory!  Buyer demand

View More
May 10, 2019

Rethinking an Economic Slowdown

In recent months, there are many who have believed that a recession could happen within the next two years. Some 70% of economists and market analysts surveyed last year believed that a recession will occur in 2019 or 2020.  

However, the U.S. economy has performed well in the first quarter of 2019 and that has caused some experts to

View More
May 3, 2019

What Would Make You Want To Sell Your House?

There are many reasons why someone decides to sell their house and move.  The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving.

The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to

View More
April 26, 2019

Cost of Owning Decreases While Rents Increase

 

Over the last couple of months, I have noticed that purchasing a home in our area requires less of a buyer’s monthly paycheck.  

The National Association of Realtors has found a similar trend as their February 2019 Housing Affordability Index showed that the “percentage of income needed” to pay the typical mortgage has decreased the last three months:

View More
April 19, 2019

As the Spring Market Begins, Buyer Demand Surges

Over the years, I have heard so many predictions about the real estate market that have never come true.  Case in point are the predictions that the 2019 real estate market would be a disaster.  Some experts even went so far as to believe that we might experience a housing crash like the one that occurred during the last decade.

Well, the numbers are starting to come in and according to two separate reports, buyer demand has dramatically

View More
April 12, 2019

Home Value Appreciation Begins To Stabilize

For over a year now, the percentage of home appreciation on a year-over-year basis has decreased each month.  The question out there has been how far would annual appreciation fall in our area. Based on what I am seeing now, it seems that we are finally getting the answer for our area.

I’m starting to sense that home values are beginning to stabilize in our region and that we may see appreciation beginning to accelerate again in some parts of our market. 

View More
April 5, 2019

Now's the Time for You To Upgrade Your Current House

Have you been looking to upgrade your current home?  It looks like now is the perfect time to move up especially if you have been considering a premium or luxury home in our area.  A premium home is one that is priced at the top 25% of the price range in our area.  A luxury home is defined as one that costs $1 million or more.

In today’s real estate market, there are deals to be had at the higher end.  This is great news for you and anyone else

View More
March 29, 2019

Putting Your Housing Costs to Work For You

Over the years, I have written a lot about the benefits of home ownership. One benefit that always rises to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value.

The National Association of Realtors (NAR) recently broke down the equity gained from principal payments and price

View More