KATHALENE M JOHNSON's Blog

Are Older Generations Really Not Selling Their Homes?

Are Older Generations Really Not Selling Their Homes?   Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers &...

What is Really Happening with Home Prices?

What is Really Happening with Home Prices?   Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could...

4 Tips for Making a Competitive Offer

4 Tips for Making a Competitive Offer   So, you’ve been searching for that perfect house to call 'home,' and you've finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that...

A Tale of Two Markets

A Tale of Two Markets    Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory...

The Benefits of a 20% Down Payment

The Benefits of a 20% Down Payment   If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage. The...

Home Buyers are Optimistic About Homeownership!

Home Buyers are Optimistic About Homeownership!   When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and insights, and we read...

Why Access Is One of the Most Important Factors in Getting Your House

Why Access Is One of the Most Important Factors in Getting Your House Sold!   So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your...

2 Trends Helping Keep Housing Affordable

2 Trends Helping Keep Housing Affordable   Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades! These...

Your Fabulous New Dream Home is Now Available

Your Fabulous New Dream Home is Now Available   Over the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in...

New Study Reveals One Surprising Reason for the Inventory Shortage

New Study Reveals One Surprising Reason for the Inventory Shortage   There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home...

What Would Make You Sell Your House?

What Would Make You Sell Your House?   There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger...

Selling Your House: Here’s Why You Need A Pro In Your Corner!

Selling Your House: Here’s Why You Need A Pro In Your Corner!   With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real...

A Lack of Inventory Continues to Impact the Housing Market

A Lack of Inventory Continues to Impact 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 and distressed sales (foreclosures and short sales) have fallen to their lowest point...

With Inventory Low: Will Your Dream Home Need Some TLC?

With Inventory Low: Will Your Dream Home Need Some TLC?   According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing...

Slaying the Largest Home Buying Myths Today

Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]   Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents...

Homeowners: Now Is A Good Time To Sell Your House

Homeowners: Now Is A Good Time To Sell Your House   Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to...

3 Questions You Need To Ask Before Buying A Home

3 Questions You Need To Ask Before Buying A Home   If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the...

The Cost of Renting vs. Buying This Spring

The Cost of Renting vs. Buying This Spring    Some Highlights: Historically, the choice of renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced...

Home Value Appreciation Stops Falling, Begins to Stabilize

Home Value Appreciation Stops Falling, Begins to Stabilize   The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer. In a recent post on...

Home Buyer Demand Will Be Strong for Years to Come

Home Buyer Demand Will Be Strong for Years to Come   There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while...

Why Pet-Friendly Homes Are in High Demand

Why Pet-Friendly Homes Are in High Demand   One of the many benefits of owning your own home is the freedom to find your ‘furever’ friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract...

Top Days to List Your Home for Sale

Top Days to List Your Home for Sale    Some Highlights: ATTOM Data Solutions conducted an analysis of more than 29 million single-family home and condo sales over the past eight years to determine the top days to list your home for sale. The top five days to list...

Looking to Upgrade Your Current Home? Now’s the Time to Move-Up!

Looking to Upgrade Your Current Home? Now’s the Time to Move-Up!   In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher...

Your Home’s Spring Maintenance Checklist

Your Home’s Spring Maintenance Checklist    Some Highlights: Every spring, your home needs some extra TLC! Whether you plan on selling your home this spring or not, conducting this maintenance will help ensure your home functions well for the rest of the year. Your real...

Homebuyers Shouldn’t Worry About 2008 All Over Again

Homebuyers Shouldn’t Worry About 2008 All Over Again   Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its possible impact...

Buyer Demand Surging as Spring Market Begins

Buyer Demand Surging as Spring Market Begins   Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade. However, according to two separate reports*,...

5 Reasons To Sell Your House This Spring!

5 Reasons To Sell Your House This Spring!   Here are five compelling reasons listing your home for sale this spring makes sense. 1. Demand Is Strong The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong...

How to Put Your Housing Cost to Work for You

Your home is one of the only investments you can live inside as you pay it off over time.

Is Your House Priced To Sell Immediately (PTSI)?

If you are debating listing your house for sale, let’s get together to discuss how to price your home appropriately for our area and maximize your exposure this Spring Market!

Do 46 Million Millennials Know They Are Mortgage Ready?

If you are one of the many millennials who may be “Mortgage Ready” but are unsure what your next steps should be, let's get together to help guide you on your path to homeownership!

How to Get a Better Perspective on Affordability

How to Get a Better Perspective on Affordability   Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following...

What Credit Score Do You Need To Buy A House?

At least 84% of Americans have a score that will allow them to buy a house. If you are unsure what your score is or would like to improve your score in order to become a homeowner, let’s get together

2 Reports That Say Now Is a Great Time to Sell

2 Reports That Say Now Is a Great Time to Sell   Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although...

Want To Increase Your Family’s Wealth? Here’s How!

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ 

No Worries… Home Prices Coming in for a SOFT Landing

No Worries… Home Prices Coming in for a SOFT Landing   Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade...

4 Reasons to Buy a Home in the Spring

Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free

Why an Economic Slowdown Will NOT Crush Real Estate this Time

Why an Economic Slowdown Will NOT Crush Real Estate this Time   Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future: “While...

The KonMari Method: Helping You Prep Your House For Sale

The KonMari Method: Helping You Prep Your House For Sale   One of the biggest challenges sellers face when listing their house is decluttering. Cleaning out some of the more personal decorating choices allows buyers to imagine themselves living in the house. Those planning to sell soon...

What are the Benefits of Becoming a Homeowner?

What are the Benefits of Becoming a Homeowner?   Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner...

How Can I Increase My Family’s Net Worth?

How Can I Increase My Family’s Net Worth?   Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net...

Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?

Whose Mortgage Do You Want to Pay? Yours or Your Landlord’s?   There are some people who haven’t purchased homes because they are uncomfortable taking on the obligation of a mortgage. However, everyone should realize that unless you are living with your parents rent-free, you...

3 Reasons Why We Are Not Heading Toward Another Housing Crash

3 Reasons Why We Are Not Heading Toward Another Housing Crash   With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here...

4 Proven Ways Real Estate Can Build Sizable Family Wealth

4 Proven Ways Real Estate Can Build Sizable Family Wealth   Recently, David Greene, co-host of the BiggerPockets podcast and a nationally renowned author and speaker, wrote an article in Forbes explaining how investing in real estate could help build wealth. Many...

Why A Normal Market is Just What We Need

Why A Normal Market is Just What We Need   The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This ‘seller’s...

Do You Know How Much Your Home Has Increased in Value?

Do You Know How Much Your Home Has Increased in Value?   Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed: “Homeowners...

2019 Will Be a Great Year for Buyers AND Sellers

2019 Will Be a Great Year for Buyers AND Sellers   Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year...

Do You Prefer the Charm of an Existing Home?

Do You Prefer the Charm of an Existing Home? When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in their search; but is a new construction home really the house of their dreams? According...

Buying a Home Young is the Key to Building Wealth

Buying a Home Young is the Key to Building Wealth   Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their...

Why Homeownership Matters Now More Than Ever

Why Homeownership Matters Now More Than Ever   Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial...

Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!   In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If...

Thinking of Selling Your House? This is a Perfect Time!

Thinking of Selling Your House? This is a Perfect Time!   It is common knowledge that a great number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their homes on the market until then. The question is whether or not that is a good...

The Best Time to List Your House? TODAY!

The Best Time to List Your House? TODAY! You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that...

How To List Your Home for the Best Price

How To List Your Home for the Best Price   If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index fromCoreLogic, home prices increased by 4.7% over the course of...

One More Time… You Do Not Need 20% Down to Buy a Home

One More Time… You Do Not Need 20% Down to Buy a Home The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after...

Is the Recent Dip in Interest Rates Here to Stay?

Is the Recent Dip in Interest Rates Here to Stay? Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary...

Think You Should For Sale By Owner? Think Again!

Think You Should For Sale By Owner? Think Again!    Some Highlights: For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. According to the National Association of Realtors’ Profile...

Buying A Vacation Property? Now Is A Good Time!

Buying A Vacation Property? Now Is A Good Time! Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate. For those homeowners staying...

Buying a House This Year? This Should Be Your 1st Step!

Buying a House This Year? This Should Be Your 1st Step!   In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to...

The Difference Having a Professional on Your Side Makes

The Difference Having a Professional on Your Side Makes In today’s fast-paced world, where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, with the addition...

Belief in Homeownership as an Investment is Far from Dead

Belief in Homeownership as an Investment is Far from Dead Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s...

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tip

Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips! Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get...

Excited About Buying A Home This Year? Here’s What to Watch

Excited About Buying A Home This Year? Here’s What to Watch As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move...

Selling Your Home? Make Sure the Price is Right!

Selling Your Home? Make Sure the Price is Right! If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under...

5 Reasons to Sell This Winter!

5 Reasons to Sell This Winter! Here are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast...

Why You Should Not For Sale By Owner

Why You Should Not For Sale By Owner In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might...

4 Quick Reasons NOT to Fear a Housing Crash

4 Quick Reasons NOT to Fear a Housing Crash There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago. Here are four reasons why today’s...

Homeownership Remains a Huge Part of the American Dream

Homeownership Remains a Huge Part of the American Dream As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home...

What Makes a House a Home For You?

What Makes a House a Home For You? We frequently talk about why it makes sense to buy a home financially, but more often than not the emotional reasons are the more powerful or compelling ones. No matter what shape or size your living space is, the concept and feeling of a home can...

Where Are Interest Rates Headed in 2019?

Where Are Interest Rates Headed in 2019? The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below...

Homeowners Aged 65+ Have 48x More Net Worth Than Renters

Homeowners Aged 65+ Have 48x More Net Worth Than Renters 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 covers responses from 2013-2016. The...

24% of Renters Believe Winter is the Best Time to Buy a Home

24% of Renters Believe Winter is the Best Time to Buy a Home In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home...

The #1 Reason to Not Wait Until Spring to Sell Your House

The #1 Reason to Not Wait Until Spring to Sell Your House Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same...

Buyers: Don’t Be Surprised by Closing Costs!

Buyers: Don’t Be Surprised by Closing Costs! Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from...

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate

Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate? In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total...

Buying a Home is Cheaper than Renting in 38 States!

Buying a Home is Cheaper than Renting in 38 States! Some Highlights: According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country. In six states the difference between buying & renting would account for less than a $50 monthly...

Still Think You Need 15-20% Down to Buy a Home? Think Again!

With so many young families now able to buy a home in today’s market, the demand for housing will continue for years to come.

2 Factors to Watch in Today's Real Estate Market

2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors....

5 Tips for Starting Your Home Search

5 Tips for Starting Your Home Search In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a recent realtor.com article entitled, “How...

New Home Sales Up 12.7% From Last Year

New Home Sales Up 12.7% From Last Year According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth...

What's Going on With Home Prices?

What’s Going On With Home Prices? According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s...

Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?

Mortgage Interest Rates are Still Going Up… Should You Wait to Buy? Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and...

How Does the Supply of Homes for Sale Impact Buyer Demand?

How Does the Supply of Homes for Sale Impact Buyer Demand? The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners...

Are Home Prices Softening or Are They Falling?

Are Home Prices Softening or Are They Falling? We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these...

THE COST of NOT PAYING PMI

The Cost of NOT Paying PMI Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this...

Pay Off Your Home Sooner so you can Retire Sooner!

Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner! In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage...

The Home Buying Process

Many home-buyers get wrapped up in the overwhelming details of buying a home and get frustrated (understandably so; it's a big journey, and one of the largest financial ((and emotional!!)) investment that most make in their entire lifetime. That being said, below, you will find the clear, easy, precise...

Is Your First Home Within Your Grasp?

Is Your First Home Within Your Grasp Now?  Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home...

Moving Up to Your Dream Home? DON'T WAIT!

Moving Up to Your Dream Home? Don’t Wait! Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values...

5 Ways Tax Reform Has Impacted the 2018 Housing Market

5 Ways Tax Reform Has Impacted the 2018 Housing Market Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was...

This Just In: Data Says May is the Best Month to Sell Your Home!

This Just In: Data Says May is the Best Month to Sell Your Home According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed...

ACCESS: An Important Factor in Getting You House SOLD!

Access: An Important Factor in Getting Your House SOLD! So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There...

Are you a Millennial in the market for a home purchase?

New Study Shows ‘Best States for Millennials’ A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States...

House Prices: Simply a Matter of Supply & Demand

House Prices: Simply a Matter of Supply & Demand Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined...

What is PMI??

What Is Private Mortgage Insurance (PMI)? When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you...

Competition is Coming! Are You Thinking of Selling Your Home?

Competition is Coming, Are You Thinking of Selling Your Home? The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department...

Home Prices: The Difference 5 Years Makes

Home Prices: The Difference 5 Years Makes The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007...

Latest Data Shows Now Is a Great Time To Sell!

We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR

7 Factors to Consider When Choosing A Home to Retire In

7 Factors to Consider When Choosing A Home to Retire In As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up...

Saving for a down is easier and faster than you think!

You Can Save for a Down Payment Faster Than You Think! Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down...

4 Reasons Spring is a Great Time to Buy or Sell a Home!

4 Reasons Spring is a Great Time to Buy a Home! Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months....

The Mortgage Process: What You Need to Know

The Mortgage Process: What You Need to Know [INFOGRAPHIC] Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals...

Mortgage Rates on FIRE! Home Prices Up in Smoke?

Mortgage Rates on FIRE! Home Prices Up in Smoke? Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump...

Most Renter Believe Homeownership is a Part of Their American Dream

80% of Renters Believe Homeownership is a Part of Their American Dream According to the latest Aspiring Home Buyers Profile by the National Association of Realtors(NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part...

Two Ways to Get the Most Money From The Sale of Your Home

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?

Top 5 Reasons to Hire a Real Estate Professional When Buying & Selling

Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal.

The #1 Reason to Sell Now Before Spring

The #1 Reason to Sell Now Before Spring The 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...

Low Inventory Pushes Home Prices Higher

Low Inventory Pushes Home Prices Higher According 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...

Where Did Americans Move in 2017?

Where Did Americans Move in 2017?  Did you ever wonder where most Americans want to live?  Check out the infographic below to find out!   Some Highlights: Atlas Van Lines recently released the results of their annual Migration Patterns Survey in which...

Top 4 Home Reno Projects for Maximum ROI

Top 4 Home Renovations for Maximum ROI  Spring is right around the corner!  If you are thinking about sprucing the ole' place up to list it,  here are a few things to consider... Some Highlights: Whether you are selling your home, just purchased your first home,...

Access is an Important Factor in Getting Your House SOLD!

Access is an Important Factor in Getting Your House SOLD! So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers. There are four...

The Cost of Not Owning Your Home

The Cost of NOT Owning Your Home Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In...

The #1 Reason to List Your House Today!

The #1 Reason to List Your House Today! Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house...

Why Is There So Much Paperwork Required to Get a Mortgage?

Why Is There So Much Paperwork Required to Get a Mortgage? Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each...

2 Major Myths Holding Back Home Buyers

2 Major Myths Holding Back Home Buyers Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe...

Why Getting Pre-Approved Should Be Your First Step

Why Getting Pre-Approved Should Be Your First Step In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to...

Before You Make an Offer, Here Are 4 Tips for Success!

Before You Make an Offer, Here Are 4 Tips for Success! So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee...

What is the Cost of Waiting Until next Year to Buy?

What is the Cost of Waiting Until Next Year to Buy? We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As...

U.S. Housing Inventory Crunch Continues...List your House Today!

U.S. Housing Inventory Crunch Continues… List Your House Today! Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced...

Should Boomers Buy or Rent after Selling?

Should Boomers Buy or Rent after Selling? In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home. “Between 2009 and 2015, the number of renters aged 55 or above rose...

Housing Prices are NOT Heading for Another Crash

Housing Prices are NOT Heading for Another Crash As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards...

Top 5 Benefits of Hiring a Real Estate Agent

Top 5 Benefits of Hiring a Real Estate Agent The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellers in which they surveyed recent home buyers and sellers about their experiences. An entire section of the profile is dedicated...

Buying or Selling in 2018? 5 Reasons to Resolve to Hire a Pro!

Buying or Selling in 2018? 5 Reasons to Resolve to Hire a Pro  While it may be tempting to go it alone to save a few bucks.... the benefits may not outweigh the risks.   Some Highlights: As we usher in the new year, one thing is for certain… if you plan...

If You Are Considering Selling, ACT NOW!!

If You’re Considering Selling, ACT NOW!! Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales...

Top 5 Reasons You Shouldn't FSBO

Top 5 Reasons You Shouldn’t FSBO In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner(FSBO). There are several reasons why this might not be a good...

Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years

Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next...

Real Estate 2018: What to Expect

Real Estate 2018: What to Expect 03 Jan 2018  by Kathalene Johnson -Key Realty LTD Real Estate 2018: What to Expect As we head into a new year, the most common question we receive is, “What’s the outlook for real estate in 2018?” It’s not just...

The Impact Staging Your Home Has on Sales Price

The Impact Staging Your Home Has on Sales Price  As a Certified Property Stager, I can tell you simple things like paint color and a fresh decluttered space can make a huge difference on first impressions of your property.  Buyers that feel "at home" in each room and can...

What Impact Will the New Tax Code Have on Home Values?

  Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map, broken down by state, reflecting how home values are forecasted to...

61% of First Time Buyers Put Down Less than 6%

61% of First-Time Buyers Put Down Less than 6% According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential...

Thinking of Selling? Now is the Perfect Time!

  It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come...

How Rising Prices Will Help You Build Family Wealth in 2018

    Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and...

Why You Need a Professional on Your Team When Buying a Home

Why You Need a Professional on Your Team When Buying a Home Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first try to go through the buying process on their own. In today’s market: you need an experienced...