The Takeaway: There may have been times in our history where renting was a cheaper option that buying, but that time is certainly NOT now. The above graphic clearly demonstrates that the percentage of income needed to rent a median-priced home today is at a national average of 30%(of ...
Continue ReadingThere has been quite a bit of chitchat regarding the rate at which home prices have been rising. As previously mentioned, the vast majority of the US is experiencing a distinct home supply shortage. This of course means that Buyer Demand is far outpacing current Seller Supply. If you are ...
Continue ReadingThe price of most any product is determined by the Supply and Demand for that product/item in the market place. Every month, The National Association of REALTORS (NAR) surveys over 50,000 real estate practitioners regarding “their expectations for home sales, prices and market conditions”. The resulting data obtained by this ...
Continue ReadingThe Takeaway The year 2016 saw the highest pace of sales nationally, since the highpoint of 2006, as 5.45 million existing homes were sold!! Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999. The US median price of ...
Continue ReadingPowered by IXACT Contact® Real Estate CRM Software
