Freddie Mac: 2015 Home Sales to Hit 2007 Levels

According to Freddie Mac’s latest U.S. Economic & Housing Market Outlook, U.S. home sales in 2015 will show increase to the numbers associated with a normal real estate market. Here is their projection: “We are projecting a 4 percent rise in sales to 5.6 million, which would mark the highest level of annual sales since … Read More

The REAL Reasons Americans Buy a Home

The REAL Reasons Americans Buy a Home | Simplifying The Market

Last week, we reported on the financial reasons that the New York Times felt that homeownership was important. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership. There’s No Place Like Home The top 4 … Read More

Home Values Compared to the Peak of 2006-2007

There is no doubt that the housing market has recovered from the meltdown that occurred just a few short years ago. However, in some states home values still have not returned to the prices we saw in 2006 and 2007. Here is a breakdown showing where current prices are in each state as compared to … Read More

Do You Fit the Description of the Typical First Time Homebuyer?

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current … Read More

Two Great Reasons to Buy not Rent

There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. Based on a recent study, here are two reasons buying a home might make more sense:

2015: The Return of the Millennial Home Buyer

Earlier this month, Zillow predicted that millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old) by the end of 2015. Dr. Stan Humphries, Zillow Chief Economist, explained: “Roughly 42 percent of millennials say they want to buy a home in the next one to … Read More

New York Times: Homeownership is Best Way To Build Wealth

The New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment. The article explains: “Homeownership long has been central to Americans’ ability to amass wealth; even with … Read More

Confusing Real Estate News? An Agent Can Help

Below are the headlines from three separate news releases issued over a one month period: 11/3/2014 – Millions of Potential New Households Waiting Out the Recovery 11/11/2014 – Experts: First-Time Homebuyers’ Weak Finances Holding Back Housing Market And then, the contrarian view: 12/2/2014 – In 2015, Millennials Will Be Biggest Home Buying Group It sure … Read More