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Monthly Archives: August 2021

    What Buyers and Sellers Need To Know About the Appraisal Gap

    By Treasure Davis | August 31, 2021

    It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price on... Read More

    The Difference in Net Worth Between Homeowners and Renters Is Widening

    By Treasure Davis | August 30, 2021

    Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role owning a home plays... Read More

    If Housing Affordability Is About the Money, Don’t Forget This.

    By Treasure Davis | August 26, 2021

    There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% of their income on... Read More

    Why 2021 Is Still the Year To Sell Your House

    By Treasure Davis | August 25, 2021

    If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers,... Read More

    What Do Experts Say About Today’s Mortgage Rates?

    By Treasure Davis | August 23, 2021

    Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with... Read More

    More Young People Are Buying Homes

    By Treasure Davis | August 19, 2021

    There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing... Read More

    What Does Being in a Sellers’ Market Mean?

    By Treasure Davis | August 17, 2021

    Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The... Read More

    A Look at Home Price Appreciation and What It Means for Sellers

    By Treasure Davis | August 16, 2021

    When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive deeper... Read More

    The Best Use of Time (and Money) When It Comes to Renovations

    By Treasure Davis | August 12, 2021

    In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate before selling. Here are some... Read More

    Are Houses Less Affordable Than They Were in Past Decades?

    By Treasure Davis | August 11, 2021

    There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens... Read More