Sales at Highest Pace in 10 Years! [INFOGRAPHIC]

Highlights: 45 million existing homes were sold in 2016! This is the highest mark set since 2006. Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999. The median price of homes sold in December was $232,200. This is the 58th consecutive month of year-over-year […]

Home Sales Expected to Increase Nicely in 2017

Home Sales Expected to Increase Nicely in 2017 The National Association of Realtors, The Mortgage Bankers’ Association, Freddie Mac and Fannie Mae are all projecting that home sales will increase in 2017. Here is a chart showing what each entity is projecting in sales for this year and the next. Home Sales Expected to Increase […]

How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC]

How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC] How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC] Some Highlights: The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high! Anything under […]

Housing Market Slowing Down? Don’t Tell Builders!

rising mortgage interest rates

Housing Market Slowing Down? Don’t Tell Builders! Many experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007. The latest estimates from the […]

How Do Rising Prices Impact Your Home Equity?

How Do Rising Prices Impact Your Home Equity? Yesterday, we shared the results of the latest Home Price Expectation Survey by Pulsenomics. One of the big takeaways from the survey is that over the next five years, home prices will appreciate 3.5% per year on average, and cumulatively will grow by around 18%. So what […]

Real Estate Values Today Compared to Pre-2008 Peak

Real Estate Values Today Compared to Pre-2008 Peak This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis. Real Estate Values Today Compared to Pre-2008 Peak Every quarter, […]

Baby Boomers Are On the Move

Baby Boomers Are On the Move According to a Merrill Lynch study, “an estimated 4.2 million retirees moved into a new home last year alone.” Two-thirds of retirees say that they are likely to move at least once during retirement. Baby Boomers Are On the Move As one participant in the study stated: “In retirement, you have […]

Improving Home Prices Signal Housing Recovery

Improving Home PricesSignal Housing Recovery RE/MAX CEO Margaret Kelly talks about the RE/MAX National Housing Report and positive market numbers that signal a housing recovery is underway

Top 5 Real Estate Benefits Of Purchasing A Vacation Home

Top 5 Real Estate Benefits Of Purchasing A Vacation Home Have you ever thought about purchasing a vacation home, a mountain chalet or a beach home? With home prices at their lowest in years and low interest rates, it may be time to explore the possibility of owning a second home. There are many good […]