Article by: Simplifying the Market™Originally Published: February 12, 2018, 11:00 amThe price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the […]
Which Comes First… Marriage or Mortgage?
Article by: Simplifying the Market™Originally Published: February 14, 2018, 11:00 amAccording to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing […]
Low Inventory Pushes Home Prices Higher
Article by: Simplifying the Market™Originally Published: February 13, 2018, 11:00 amAccording to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight […]