We’re seeing it everywhere: the American workforce is in the midst of an “aging out” epidemic. According to the Department of Labor, last year more than 40 percent of workers aged 55 and above were still in the labor force—the highest since the early 1960s. I can say from experience that the residential real estate industry in particular is feeling this age crunch. To paint …

Adapting To The Millennial Mindset Read more »

According to the U.S. Census Bureau, millennials now number 83.1M – more than one quarter of the nation’s population. As the largest demographic cohort in America, millennials are a powerful buying force and brands are vying for their attention. They are the largest source of new demand for rental housing and represent 32 percent of the U.S. home buying market and 68 percent of first-time …

REPOST: What the Real Estate Industry Needs to Know about Millennials Read more »

So you’ve made an offer on a home, it was accepted, and you’re ready to back the moving truck into the driveway. Not so fast!  One of the last things you need to do before signing the closing paperwork is the final walk-through. What is a final walk-through? First of all, let’s answer what a final walk-through is not. It’s not time to celebrate and twirl …

What To Look For During Your Final Walk-Through Read more »

Steady employment and economic growth, pent-up demand, affordable home prices and attractive mortgage rates will keep the housing market on a gradual upward trend in 2016. However, persistent headwinds related to shortages and availability of lots and labor, along with rising materials prices are impeding a more robust recovery, according to economists who participated in a recent National Association of Home Builders (NAHB) Fall Construction …

REPOST: Housing Recovery to Pick Up Steam in 2016, but Challenges Remain Read more »

Autumn is typically known as the time of year when housing activity starts to slow down. Generally, home sales tend to be very robust in spring and summer, then begin to soften somewhat during the autumn and winter months. The slowdown begins in the fall because school is starting, and families with kids would rather not move during this time. Mortgage rates likely won’t change …

The Fall Housing Market Read more »

Recent stock market volatility and seasonal trends may give buyers better financial options and more time to make purchase decisions entering the fall. August data remains positive with regard to overall housing health as both demand and supply continue to grow. This year we are seeing inventory continue to grow in August, and while overall demand is strong, the trend in median days on market …

Fluctuating Stock Marketing and Seasonal Shifts Offer Hope for Home Buyers Read more »

After five consecutive months of increases, pending home sales slipped in June but remained near May’s level, which was the highest in over nine years, according to the National Association of REALTORS®. Modest gains in the Northeast and West were offset by larger declines in the Midwest and South. The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.8 percent to …

Pending Home Sales Dip In June Read more »

Hold onto your home for two years! If you sell after 24 months, you’ll be exempt from capital gains taxes up to $250K for a single person and $500K for a married couple. Your mortgage may not be as steep as you think, thanks to Uncle Sam. The government incentivizes home ownership with a tax deduction on interest for a mortgage up to $1.1 million. …

Top Five Government Policies Everyone Should Know Before Buying Their First Home Read more »