August 2018

Found 3 blog entries for August 2018. blog | photo of shopping cart

Housing Market 2018 VS 2008

Many folks are wondering if there is a comparison between the current real estate housing market and the market just prior to the "boom and bust" ten years ago. Looking at just price appreciation alone, many fear that we are on a similar path, advancing quickly toward another market downturn.

However, looking deeper into the data, there is a defining difference between the two market periods. During the last decade, the demand for real estate was artificially created by very relaxed lending standards combined with a large amount of inventory added to the market to meet the demand. Below is a chart illustrating the amount of inventory of homes for sale just prior to the market crash in 2008.

blog - graph of 2008 inventory

During a normal real

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Why You Should Not Sell FSBO (For Sale By Owner)

In today's real estate housing market, with soaring home prices and a shortage of supply of inventory, some homeowners may consider selling For Sale By Owner (FSBO). There are many reasons why this may not be the best decision for the vast majority of home-sellers.

1. Buyer Exposure - According to a recent study from NAR (National Association of Realtors) in 2017, 95% of home-buyers begin their search online for a home as compared to only 15% who search the ad section in the local newspaper. Most professional real estate agents have an internet strategy to promote your home for sale online. Do you?

2. Internet Results - Where did actual home-buyers find the home or condo they purchased? the

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Millennial HomeBuyer Wave Rising

It's unclear whether or not Millennials believe in home ownership as being a significant factor in obtaining their slice of the American Dream. 

As compared to prior generations, Millennials have taken longer to achieve milestones considered important such as getting married, having children and their first purchase of a home. However, just because it took longer to achieve these milestones, it doesn't make them any less important for millennials to aspire to achieve.

For older millennials aged between twenty-five to thirty-four, who have already established themselves, in the career of their choice and raising children, homeownership is the next logical step.

Urban Institute's state Of Millennial Housing,

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