4 Reasons to Buy a Home This Fall!
/Here are four great reasons to consider buying a home today, instead of waiting.
Read MoreLaura's Colorado Springs Real Estate Blog
How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC]
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Some Highlights:
- The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
- Anything under a 6-month supply is a seller’s market!
- Nationally, there has not been a 6-months inventory supply since August 2012!
- Inventory levels differ depending on the area of the country and price range, so let’s get together to discuss the exact market conditions in our area.
Homeowners: Do You Know Your Home’s Value?
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The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,
Read MoreHow Your Home’s Value Grows Your Family’s Wealth
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Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
Read MoreTop 5 A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]
/![Top 5 A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]](https://images.squarespace-cdn.com/content/v1/526adba7e4b0a46a46024675/1504276724999-E7V0NS5TOR5RDUWPX3DF/blog.jpg)
Some Highlights:
- Hiring a real estate professional to buy your dream home, or sell your current house, is one of the most 'educated' decisions you can make!
- A real estate professional has the experience needed to help you through the entire process.
- Make sure that you hire someone who knows current market conditions & can simply and effectively explain them to you and your family!
Number of Buyers Putting Down Less Than 10% Hits 7-Year High
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According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high.
Read MoreDon’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750
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The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market.
Read MoreHome Prices Up 6.64% Across the Country! [INFOGRAPHIC]
/![Home Prices Up 6.64% Across the Country! [INFOGRAPHIC]](https://images.squarespace-cdn.com/content/v1/526adba7e4b0a46a46024675/1503678054328-FNHTSN676605MBMBKP3T/blog.jpg)
- The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
- In the report, home prices are compared both regionally and by state.
- Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
- Alaska & West Virginia were the only states where home prices are lower than they were last year.
