Monthly Archives: July 2017

    • Buyer Demand Continues Outpacing the Supply of Homes for Sale

      The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) […]
      Written by Rajeev Vashist
    • Inventory Drops Again, Sales Slow [INFOGRAPHIC]

      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 ...
      Written by Rajeev Vashist
    • Americans Still Believe Real Estate is Best Long-Term Investment

      According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “What is the best way to invest money you wouldn’t need for 10 years or […]
      Written by Rajeev Vashist
    • A ‘Buyer’ in Hand is Worth Two in the Bush

      In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they are willing to make […]
      Written by Rajeev Vashist
    • Rising Home Prices Mean Great News for Homeowners

      Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise. The great news […]
      Written by Rajeev Vashist
    • U.S. Housing Inventory Hits a New Low… List Your House TODAY!

      Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home. Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory […]
      Written by Rajeev Vashist
    • Singles Are Falling for Their Dream Home First [INFOGRAPHIC]

      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 share of single men dropped from 11% to 8%.
      • The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).
      Written by Rajeev Vashist
    • 84% of Americans Believe Buying a Home is a Good Financial Decision

      According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision: Homeownership […]
      Written by Rajeev Vashist
    • 3 Tips to Succeed in Today’s Real Estate Market

      In today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home. The 3 tips we are going to expand on today come from a recent blog by […]
      Written by Rajeev Vashist
    • Thinking of Selling? You Should Act NOW!

      If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to […]
      Written by Rajeev Vashist