We speak to people all the time. Real estate agents, loan officers, title companies and other players in the real estate game and the one thing they all have in common is that they have to sell their products and services by communicating with people that know little about what they do. This can pose some challenges and I would like to propose a way …
Eighteen percent of U.S. county housing markets were less affordable than their historically normal levels in Q2 2016, up from 5 percent of markets in the previous quarter but down from 20 percent of markets exceeding historically normal home affordability levels a year ago. This data comes from a new Home Affordability Index released this past week. The affordability index was based on the percentage …
Existing-home sales sprang ahead in May to their highest pace in almost a decade, while the uptick in demand this spring amidst lagging supply levels pushed the median sales price to an all-time high, according to the National Association of REALTORS®. All major regions except for the Midwest saw strong sales increases last month.Total existing-home sales, which are completed transactions that include single-family homes, townhomes, …
Achieving the American Dream conventionally involved acquiring a starter home—purchasing a house for life led now, with the intention to trade up to a home that meets needs in the future. The Dream’s alive and well. Starter homes? Hardly. A solid three-quarters of first-time homebuyers polled by Bank of America would prefer to forgo an entry-level home and buy a home for the life they …
The American Dream Is Alive, But What About The Starter Home? Read more »