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The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]

By Marie Miller and Vera Jacques | July 19, 2019

Some Highlights:

Interest rates are projected to increase steadily heading into 2020.
The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be.
Rates are still low right now – don…

The Surprising Profile of the Real Estate Investor

By Marie Miller and Vera Jacques | July 18, 2019

The Surprising Profile of the Real Estate Investor | Simplifying The MarketOver 10% of all residential homes are purchased by investors, and that number continues to rise. Who are these investors? Many have speculated that the large institutional conglomerates such as Blackstone, American Homes 4 Rent, and Colony Starwood dominate investor purchases. However, a special report on investor home buying by CoreLogic, Don’t Call it a […]

What a Difference a Year Makes for Sellers

By Marie Miller and Vera Jacques | July 17, 2019

What a Difference a Year Makes for Sellers | Simplifying The MarketOver the last few years, many sellers have been hesitant to put their houses on the market because they feared not being able to find another home to buy. We’ve reported on inventory shortages in the past, and it’s been a constant concern for potential buyers throughout recent years. New research shows the inventory concern […]

Should I Refinance My Home?

By Marie Miller and Vera Jacques | July 16, 2019

Should I Refinance My Home? | Simplifying The MarketWith the recent lower interest rates, many homeowners are wondering if they should refinance. To decide if refinancing is the best option for your family, start by asking yourself these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most common ones: Lower your interest […]

Home Price Appreciation Forecast

By Marie Miller and Vera Jacques | July 15, 2019

Home Price Appreciation Forecast | Simplifying The MarketQuestions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond. We’ve gathered current data from the industry’s most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 […]

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

By Marie Miller and Vera Jacques | July 12, 2019

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC] | Simplifying the Market

Some Highlights:

  • According to the US Census Bureau, “millennials” are defined as 18-36-year-olds.
  • According to NAR’s latest Profile of Home Buyers and Sellers, the median age of all first-time home buyers is 32.
  • More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

By Marie Miller and Vera Jacques | July 12, 2019

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC] | Simplifying the Market

Some Highlights:

  • According to the US Census Bureau, “millennials” are defined as 18-36-year-olds.
  • According to NAR’s latest Profile of Home Buyers and Sellers, the median age of all first-time home buyers is 32.
  • More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!

Americans’ Powerful Belief in Homeownership as an Investment

By Marie Miller and Vera Jacques | July 11, 2019

American’s Powerful Belief in Homeownership as an Investment | Simplifying The MarketThe Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, […]

4 Tips to Sell Your Home Faster

By Marie Miller and Vera Jacques | July 10, 2019

4 Tips to Sell Your Home Faster | Simplifying The MarketSince June of last year, we have seen an increase in the inventory of homes for sale month per month. Every spring and summer, the inventory increases because people want to sell their home. For those with children, they may want to be in their new home for the beginning of the school year. If […]

5 Powerful Reasons to Own Instead of Rent

By Marie Miller and Vera Jacques | July 9, 2019

5 Powerful Reasons to Own Instead of Rent | Simplifying The MarketOwning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in […]

Now’s the Time to Move-Up and Upgrade Your Current Home!

By Marie Miller and Vera Jacques | July 8, 2019

Now’s the Time to Move-Up and Upgrade Your Current Home! | Simplifying The MarketHomes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade from their current house. Much of the demand for housing […]

10 Steps to Buying a Home This Summer [INFOGRAPHIC]

By Marie Miller and Vera Jacques | July 5, 2019

Some Highlights:

If you are thinking of buying a home, you may not know where to start.
Here is a simple list of 10 steps that you will go through to purchase a home.
Make sure to ask your agent for details about each step and what else may be requi…

Happy Independence Day!

By Marie Miller and Vera Jacques | July 4, 2019

Wishing you & yours a safe & Happy 4th of July!

Is Mortgage Debt out of Control?

By Marie Miller and Vera Jacques | July 3, 2019

Is Mortgage Debt out of Control? | Simplifying The MarketThe housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their […]

Millennials Are Increasing the Demand for Condominiums

By Marie Miller and Vera Jacques | July 2, 2019

Millennials Are Increasing the Demand for Condominiums | Simplifying The MarketWhen deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications […]

Top 5 Reasons You Should NOT FSBO

By Marie Miller and Vera Jacques | July 1, 2019

Top 5 Reasons You Should NOT FSBO | Simplifying The MarketRising home prices coupled with a lack of inventory in today’s market may cause some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner). However, a FSBO might not be a good idea for the vast majority of sellers. The top 5 reasons are listed […]

Americans Rank Real Estate Best Investment for 6 Years Running! [INFOGRAPHIC]

By Marie Miller and Vera Jacques | June 28, 2019

Some Highlights:

Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years.
Stock owners are more positive about real estate than stocks as an investmen…

Know What to Expect at Your Home Inspection

By Marie Miller and Vera Jacques | June 27, 2019

Know What to Expect at Your Home Inspection | Simplifying The MarketSo you made an offer and it was accepted. Now, your next task is to have the home inspected prior to closing. Agents oftentimes make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover repairs, or in some cases, […]

Before You Look for Your Dream Home: Know What You Want vs. What You Need!

By Marie Miller and Vera Jacques | June 26, 2019

Before You Look for Your Dream Home: Know What You Want vs. What You Need! | Simplifying The MarketIn this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d […]

Having a Professional on Your Side Makes All the Difference!

By Marie Miller and Vera Jacques | June 25, 2019

Having a Professional on Your Side Makes All the Difference! | Simplifying The MarketIn today’s fast-paced world where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, the addition of more information causes more confusion. Shows like Property Brothers, Fixer Upper, and dozens more on HGTV have given many a false […]

Stop Wondering What Your Budget Is & Get Pre-Approved!

By Marie Miller and Vera Jacques | June 24, 2019

Stop Wondering What Your Budget Is & Get Pre-Approved! | Simplifying The MarketIn many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]

4 Reasons to Sell This Summer [INFOGRAPHIC]

By Marie Miller and Vera Jacques | June 21, 2019

Some Highlights:

Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available.
Housing inventory is still under the 6-month supply needed to susta…

Young First-Time Buyers Are Saving for Their Dream Homes

By Marie Miller and Vera Jacques | June 20, 2019

Young First-Time Buyers Are Saving for Their Dream Homes | Simplifying The MarketYoung buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features. According to a survey from Open […]

What You Need to Know About Private Mortgage Insurance (PMI)

By Marie Miller and Vera Jacques | June 19, 2019

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What […]

Why Is So Much Paperwork Required to Get a Mortgage?

By Marie Miller and Vera Jacques | June 18, 2019

Why Is so Much Paperwork Required to Get a Mortgage? | Simplifying The MarketWhen buying a home today, why is there so much paperwork mandated by the lenders for a mortgage loan application? It seems like they need to know everything about you. Furthermore, it requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process […]

5 Reasons to Sell Your House This Summer

By Marie Miller and Vera Jacques | June 17, 2019

5 Reasons to Sell Your House This Summer | Simplifying The MarketHere are 5 compelling reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in […]

Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC]

By Marie Miller and Vera Jacques | June 14, 2019

Some Highlights:

If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI).
Minor renovations can go a long way toward improving the quality of your everyday …

Time for Your Dream Home, Gen X!

By Marie Miller and Vera Jacques | June 13, 2019

Time for Your Dream Home, Gen X! | Simplifying The MarketDuring the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth. According to Pew Research Center, “Their fortunes have rebounded more than those of other […]

3 Things to Know in the Housing Market Today!

By Marie Miller and Vera Jacques | June 12, 2019

3 Things to Know in the Housing Market Today! | Simplifying The MarketA lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, […]

Renting or Owning, What Is Better for You?

By Marie Miller and Vera Jacques | June 11, 2019

¬Renting or Owning, What Is Better for You? | Simplifying The MarketIn a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy […]

2 Myths Holding Back Home Buyers

By Marie Miller and Vera Jacques | June 10, 2019

2 Myths Holding Back Home Buyers | Simplifying The MarketFreddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save […]

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

By Marie Miller and Vera Jacques | June 7, 2019

Some Highlights:

The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time.
Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020.
Core…

What is Important to Boomers when Selling their House?

By Marie Miller and Vera Jacques | June 6, 2019

What is Important to Boomers when Selling their House? | Simplifying The MarketIf you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. You may […]

The Feeling You Get from Owning Your Home

By Marie Miller and Vera Jacques | June 5, 2019

The Feeling You Get from Owning Your Home | Simplifying The MarketWe often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain […]

How Homeownership Delivers Unsurpassed Family Wealth

By Marie Miller and Vera Jacques | June 4, 2019

How Homeownership Delivers Unsurpassed Family Wealth | Simplifying The MarketThere are many financial benefits to homeownership, but probably none more important than its ability to create family wealth. How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is an online resource for research and information on how homeownership contributes to individual and community success. Their article, […]

4 Reasons to Buy A Home This Summer

By Marie Miller and Vera Jacques | June 3, 2019

4 Reasons to Buy A Home This Summer | Simplifying The MarketHere are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year. […]

The Top Reasons to Own Your Home [INFOGRAPHIC]

By Marie Miller and Vera Jacques | May 31, 2019

Some Highlights:

June is National Homeownership Month!
Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial.
What reasons do you have to own your own home?

The Ultimate Truth about Housing Affordability

By Marie Miller and Vera Jacques | May 30, 2019

The Ultimate Truth about Housing Affordability | Simplifying The MarketThere have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National Association of Realtors (NAR), produces […]

Multigenerational Homes Are on the Rise

By Marie Miller and Vera Jacques | May 29, 2019

Multigenerational Homes Are on the Rise | Simplifying The MarketAs loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average age in the U.S. is 78 years old!  As a […]

2 Things You Need to Know to Properly Price Your Home

By Marie Miller and Vera Jacques | May 28, 2019

2 Things You Need to Know to Properly Price Your Home | Simplifying The MarketIn today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly. In the mind of the homeowner, annual home price […]

All Gave Some. Some Gave All.

By Marie Miller and Vera Jacques | May 27, 2019

We remember, today and always.

The Impact Staging Your Home Has On Your Sale Price [INFOGRAPHIC]

By Marie Miller and Vera Jacques | May 24, 2019

Some Highlights:

The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
50% o…

4 Most Popular Bottom Line Investments in America

By Marie Miller and Vera Jacques | May 23, 2019

4 Most Popular Bottom Line Investments in America | Simplifying The MarketEvery year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks, gold, and savings accounts. For the sixth year in a row, real estate has come out on top as the best long-term investment! That has not always been the case. Gallup explains: […]

Boomerang Buyers: Don’t Be Afraid to Buy a Home Again!

By Marie Miller and Vera Jacques | May 22, 2019

Boomerang Buyers: Don’t Be Afraid to Buy a Home Again! | Simplifying The MarketAccording 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 […]

Are Older Generations Really Not Selling Their Homes?

By Marie Miller and Vera Jacques | May 21, 2019

Are Older Generations Really Not Selling their Homes? | Simplifying The MarketMany studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings show that Baby Boomers (43%) and the Silent […]

Starting the Search for Your Dream Home? Here Are 5 Tips!

By Marie Miller and Vera Jacques | May 20, 2019

Starting the Search for Your Dream Home? Here Are 5 Tips! | Simplifying The MarketIn today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement […]

Top Days to List Your Home for Sale [INFOGRAPHIC]

By Marie Miller and Vera Jacques | May 17, 2019

Some Highlights:

ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale.
The top five days to list your home brought in a…

What is Really Happening with Home Prices?

By Marie Miller and Vera Jacques | May 16, 2019

What is Really Happening with Home Prices? | Simplifying The MarketHome values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expected economy and a good spring housing market […]

4 Tips for Making a Competitive Offer

By Marie Miller and Vera Jacques | May 15, 2019

4 Tips for Making a Competitive Offer | Simplifying The MarketSo, you’ve been searching for that perfect house to call ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house yours comes true! Below are 4 steps […]

New Research Shows Housing Is Affordable For First-Time Buyers

By Marie Miller and Vera Jacques | May 14, 2019

New Research Shows Housing Is Affordable For First-Time Buyers | Simplifying The MarketHome prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns. The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their […]

A Lack of Inventory Continues to Impact the Housing Market

By Marie Miller and Vera Jacques | May 13, 2019

A Lack of Inventory Continues to Impact the Housing Market | Simplifying The MarketThe housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a 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 […]

A Tale of Two Markets [INFOGRAPHIC]

By Marie Miller and Vera Jacques | May 10, 2019

Some Highlights:

An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!
Inven…

Mainstream Concerns about an Economic Slowdown Revisited

By Marie Miller and Vera Jacques | May 9, 2019

Mainstream Concerns about an Economic Slowdown Revisited | Simplifying The MarketRecently, we reported that many believe a recession could happen within the next two years. We explained that 70% of economists and market analysts surveyed last year believe that a recession will occur in 2019 or 2020 and that 42% of consumers currently looking to purchase a home also agree that a recession will occur […]

The Benefits of a 20% Down Payment

By Marie Miller and Vera Jacques | May 8, 2019

The Benefits of a 20% Down Payment | Simplifying The MarketIf you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage. The truth […]

Home Buyers are Optimistic About Homeownership!

By Marie Miller and Vera Jacques | May 7, 2019

Home Buyers are Optimistic About Homeownership! | Simplifying The MarketWhen we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we read reviews online. There’s no difference when considering a home purchase! Most homebuyers start by […]

Why Access Is One of the Most Important Factors in Getting Your House Sold!

By Marie Miller and Vera Jacques | May 6, 2019

Why Access Is One of the Most Important Factors in Getting Your House Sold! | Simplifying The MarketSo, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of the list is access, followed by condition, financing, […]

The Cost of Renting vs. Buying This Spring [INFOGRAPHIC]

By Marie Miller and Vera Jacques | May 3, 2019

Some Highlights:

Historically, the choice between renting or buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5…

Your Fabulous New Dream Home is Now Available

By Marie Miller and Vera Jacques | May 2, 2019

Your Fabulous New Dream Home is Now Available |Simplifying The MarketOver the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in the type of home they live in. That two-story, four-bedroom colonial with three bathrooms no longer fits […]

2 Trends Helping Keep Housing Affordable

By Marie Miller and Vera Jacques | May 1, 2019

2 Trends Helping Keep Housing Affordable | Simplifying The MarketTwo positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades! These two factors have helped keep housing affordable despite low supply of houses […]

2 Trends Helping Keep Housing Affordable

By Marie Miller and Vera Jacques | May 1, 2019

2 Trends Helping Keep Housing Affordable | Simplifying The MarketTwo positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades! These two factors have helped keep housing affordable despite low supply of houses […]