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    Monthly Archives: August 2018

    • Why are Existing Home Sales Down?

      Why are Existing Home Sales Down?

      The latest Existing Home Sales Report issued by the National Association of Realtors (NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthening, unemployment is down, and wages are beginning […]
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    • Top 3 Myths About Today’s Real Estate Market

      Top 3 Myths About Today’s Real Estate Market

      There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a […]
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    • Home Sales Expected to Continue Increasing in 2019

      Home Sales Expected to Continue Increasing in 2019

      Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase […]
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    • Rent or Buy: Either Way You’re Paying A Mortgage!

      Rent or Buy: Either Way You’re Paying A Mortgage!

      There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in […]
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    • What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

      What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

      Some Highlights: The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West. The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purchase $115.74 worth of goods for $100. For more information regarding the methodology […]
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    • What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

      What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

      Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in […]
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    • Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

      Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

      You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by the fact that many couples live […]
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    • 5 Real Estate Reality TV Myths Explained

      5 Real Estate Reality TV Myths Explained

      Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re in the middle of your real […]
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    • The Net Worth of a Homeowner is 44x Greater Than A Renter!

      The Net Worth of a Homeowner is 44x Greater Than A Renter!

      Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, […]
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    • Housing Market: Another Gigantic Difference Between 2008 and 2018

      Housing Market: Another Gigantic Difference Between 2008 and 2018

      Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding toward another housing crisis. However, there is a major difference between the two markets. Last […]
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