by Brent Knapp | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some Highlights: The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent. Buying costs are significantly less than renting costs. The percentage of income needed to afford a median priced home...
by Brent Knapp | Infographics
Some Highlights: Home sales are up 1.5% year-over-year and 5.1% month-over-month. Demand is still much higher than the available housing inventory which declined 2.2% from March 2015. This is the 49th consecutive month with year-over-year price gains. Source:...
by Brent Knapp | Infographics
Some Highlights: Real estate outranks stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans. Real estate is ranked as the best long-term investment among all age groups. Millennials rank both real estate and...
by Brent Knapp | For Buyers, Infographics
Some Highlights: 2015 marks the first year-over-year increase in investment home sales since 2011. 62% of all investment homes purchased were single family homes. The South saw the highest percentage of investment home sales (39%) with the West coming in second (28%)....
by Brent Knapp | For Sellers, Infographics
Some Highlights: 11% of new homebuyers stated “energy efficient features” as the reason for their purchase. The most popular remodeling projects done for energy efficiency were insulation upgrades, HVAC replacements, and vinyl & wood window...
by Brent Knapp | For Buyers, For Sellers, Infographics
Some Highlights: 58% of vacation homes purchased were single family homes. 51% of vacation homes that were purchased were found online. The median price of a vacation home is up 28% from 2014. Source: KCM