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Dispelling the Myth About Home Affordability

Dispelling the Myth About Home Affordability | Simplifying The MarketWe have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last […]

New Home Sales Up 12.7% From Last Year

New Home Sales Up 12.7% From Last Year | Simplifying The MarketAccording to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July). The report also showed that builders have ramped up construction with an increase in new […]

What’s Going On With Home Prices?

What’s Going On With Home Prices? | Simplifying The MarketAccording to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change, “The rise in mortgage rates this […]

Monday Morning Coffee Oct 8

After four straight months of declines, sales of previously owned (existing) homes were flat in August. The inventory of existing homes for sale also was flat from July at a 4.3-month supply, which was not particularly encouraging since a 6.0-month supply is considered a healthy balance between buyers and sellers. A small bright spot was…

The True Cost of NOT Owning Your Home

The True Cost of NOT Owning Your Home | Simplifying The MarketOwning 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 the […]

The True Cost of NOT Owning Your Home

The True Cost of NOT Owning Your Home | Simplifying The MarketOwning 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 the […]

Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC]

Some Highlights:

According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country.
In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving t…

Are We About to Enter a Buyers’ Market?

Are We About to Enter a Buyers’ Market? | Simplifying The MarketHome 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. […]

2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling

2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling | Simplifying The MarketWhen 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 factors […]

Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?

Mortgage Interest Rates are Still Going Up… Should You Wait to Buy? |Simplifying The MarketMortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year. In addition to the predictions from the four major reporting agencies […]