Real Estate Mogul: Here’s Why You Should Buy
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Laura's Colorado Springs Real Estate Blog
3 Charts That Shout, ‘List Your Home Today!’
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In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.
Read MoreSlaying Home Buying Myths [INFOGRAPHIC]
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- Interest rates are still below historic numbers.
- 88% of property managers raised their rent in the last 12 months!
- The credit score requirements for mortgage approval continue to fall.
Tax Return Depressing? Owning a Home Could Help
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Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home.
Read MoreMeasuring Your Ability to Achieve the American Dream
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Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”
The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs.
Read MoreUS Housing Market Continues the Move into ‘Buy Territory’!
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According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.
Read MoreThinking of Selling? Now Is the Time to Act
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If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.
Read MoreIs Your First Home Within Your Grasp? [INFOGRAPHIC]
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- ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau.
- According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.
- More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now!
