Blog

  • Housing Market Expected to “Spring Forward”

    Housing Market Expected to “Spring Forward”

    Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.
    Written by Denise Zervos
  • Thinking of Selling? Do it TODAY!!

    Thinking of Selling? Do it TODAY!!

    That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
    Written by Denise Zervos
  • Where Did Americans Move in 2016?

    Where Did Americans Move in 2016?

    Some Highlights:

    • For the 5th year in a row, the Northeast saw a concentration of “High Outbound” activity.
    • For the first time ever, South Dakota held the top spot for “High Inbound” states.
    • Much of America’s outbound activity can be attributed to Boomers relocating to warmer climates after retiring.
    Written by Denise Zervos
  • Mortgage Rates Impact on 2017 Home Values

    Mortgage Rates Impact on 2017 Home Values

    There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.
    Written by Denise Zervos
  • How Long Do Most Families Stay in Their Home?

    How Long Do Most Families Stay in Their Home?

    The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.
    Written by Denise Zervos
  • Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC]

    Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC]

    Highlights:

    • Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
    • January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
    • NAR’s Chief Economist, Lawrence Yun had this to say, 'Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home.'
    Written by Denise Zervos
  • Lack of Homes for Sale Slowing Down the Housing Market

    Lack of Homes for Sale Slowing Down the Housing Market

    The 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. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
    Written by Denise Zervos