by Brent Knapp | For Buyers, For Sellers, Infographics
Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines. The median price of homes sold in June was $263,800. This is the 64th...
by Brent Knapp | First Time Home Buyers, For Buyers, Infographics
Some Highlights: According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year. The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the...
by Brent Knapp | Down Payments, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers
Some Highlights: 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. Source: KCM
by Brent Knapp | For Buyers, For Sellers, Infographics
Some Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners....
by Brent Knapp | For Buyers, For Sellers, Housing Market Updates, Infographics
Some Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines. NAR’s Chief Economist, Lawrence Yun had this to say:...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers
Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). While big projects like...