NAR released a summary of existing-home sales data showing that housing market activity rose for the second straight month. October’s existing-home sales reached the 5.60 million seasonally adjusted annual rate and existing-home sales are up 5.9 percent from a year ago which is the highest pace since February 2007. The national median existing-home price for… Continue Reading October 2016 Existing-Home Sales
By Patti Stern, PJ & Company Staging and Interior Decorating A Welcoming Curb Appeal Maintain a polished look by keeping gutters clean and shrubs trimmed. Be sure to also remove any hazards by shoveling, sanding, and removing any ice or snow from the driveway, walkways, and sidewalks. To engage buyers on a gloomy day, keep… Continue Reading How to Create a Warm, Inviting Winter Listing
For the first time in a decade, the Federal Housing Finance Agency announced that it will raise the maximum conforming loan limits for mortgages purchased through Fannie Mae and Freddie Mac. Beginning in 2017, the maximum loan limit for one-unit properties will be $424,100, up from $417,000, in most markets throughout the United States. Higher… Continue Reading FHFA Raises Conforming Loan Limits
For the first time since 2006, the conforming loan limit will rise in 2017. This change is important in today’s housing market as it allows the financing market to expand to meet the growing needs of strong consumer demand and rising home prices. Furthermore, while the conforming limits will rise, it is unlikely to adversely… Continue Reading New Conforming Limit Improves Financing from Coast-to-Coast
WASHINGTON (November 22, 2016) — Existing-home sales ascended in October for the second straight month and eclipsed June's cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors®. All major regions saw monthly and annual sales increases in October. Total existing-home sales 1, which are… Continue Reading Existing-Home Sales Jump Again in October
Nico Hohman By Nico Hohman The Golden Rule: We all know it; we all grew up learning it in elementary school. “Do unto others as you would have them do unto you.” Or, in layman’s terms, treat others the way you would want to be treated. While the sentiment behind the Golden Rule means well,… Continue Reading The Golden Rule is Wrong
Its the time of year where we gather together with loved ones while gorging ourselves on delicious (and far too much) food! For most of us, this tradition will take place in the warmth of our home, or the homes of friends and family. Here are a few fast facts about real estate, homeownership and… Continue Reading Infographic: Thanksgiving at Home
The housing market has indeed awakened from its summer slumber. Existing-home sales posted a 2 percent monthly gain in October and are now 5.9 percent higher than a year ago. Even more impressive? At a 5.60 million annualized sales pace, October was the strongest month for existing sales since February 2007 (5.79 million). Lawrence Yun, NAR… Continue Reading Existing-Home Sales in October: Highest Pace in Nearly a Decade
This Thanksgiving we look at how recent buyers are choosing their homes, and how their friends and family can influence their decision. While we don’t all get to see our families every day, for many home buyers having the option to do so can impact the home they purchase. Based on data from the recently… Continue Reading Thanksgiving 2016: How family and friends can influence the home purchase
For over three decades, the National Association of REALTORS® has collected data on the size of homes purchased, most notably the square feet of detached single family homes, in its flagship Profile of Home Buyers and Sellers report. Since 1981, the median size of homes purchased has increased rapidly in the first decade and then… Continue Reading Size of Homes: 1980’s was Bigger is Better & 2000-2010’s is Similar and Steady