by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers
Some Highlights:Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million.Inventory remains below the 6-month norm and prices are still on the rise.Interest rates are at a historic low of 3.48%. Source: KCM
by Brent Knapp | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market.The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing
CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 households regained equity in the...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Foreclosures, Infographics, Move-Up Buyers
Some Highlights:According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.April marked the 54th consecutive month of year-over-year declines in foreclosure...
by Brent Knapp | First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers
This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Journalism...
by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, homeownership is a better way to produce greater wealth, on average, than renting. The results from the first quarter index showed that “16 of the 23 metropolitan markets investigated...