Housing Market Updates | Daytona Beach Property Search

Momentum Is Building for New Home Construction

When you’re within the technique of searching for a house right this moment, you understand the supply of homes on the market is low since you’re feeling the influence of getting a restricted pool of choices. And, in case your greatest hurdle proper now’s that you just’re having bother discovering one thing you want, don’t neglect {that a} newly constructed house is a superb choice.

As a current article from the Nationwide Affiliation of Realtors (NAR) says:

“House consumers proceed to be met with restricted housing choices throughout what’s sometimes the actual property market’s busiest season. . . . The present provide of present properties is about half the extent it was in 2019 . . . In the meantime, the marketplace for new development is a shiny spot.”

Right here’s a take a look at a key metric that reveals simply how a lot new house development is ramping up nationwide. It’s referred to as new residential completions. Mainly, completions are newly constructed properties which might be completed and able to transfer into.

The graph beneath makes use of data from the Census to indicate the pattern of new-home completions over time, together with the long-term common for the variety of completed housing models (proven in black on the graph):

As you may see on the left (proven in orange), main as much as the housing crash, builders exceeded that common. The outcome was an oversupply of properties available on the market, so home values declined. That was one of many elements that led to the housing crash again in 2008.

Since then, the extent of recent house development has fallen off, and builders haven’t constructed sufficient properties to satisfy the historic common (proven in pink). That underbuilding left the housing market with a multi-year stock deficit. And, that deficit is a part of what makes stock so low proper now.

However, right here’s the excellent news. The inexperienced on the fitting reveals that in keeping with the latest report from the Census, builders are matching the long-term common proper now. And which means they’re bringing extra newly constructed properties to the market than they’ve in current reminiscence.

And residential begins and permits are additionally gaining momentum. Begins are properties the place the development has formally kicked off. Permits are properties the place builders are planning to interrupt floor quickly. Since each are up, it’s an indication there are much more newly constructed properties coming quickly.

What This Means for You

Extra newly constructed properties in varied levels of the development course of means your pool of choices simply bought larger. When you’re trying to transfer proper now and timing is vital to you, attain out to a neighborhood real estate professional to discover the properties that have been not too long ago accomplished in your space. If development is completed on these properties, it’s best to have the ability to transfer in rapidly.

However, when you can wait a bit and the concept of customizing a house from the bottom up appeals to you, ask that very same agent in regards to the properties in your space which might be within the technique of being constructed. When you purchase a house that’s nonetheless within the works, you may assist decide the options and finishings alongside the way in which. And when not one of the properties you’ve checked out to this point are to your liking, with the ability to tailor one to your style could also be the best choice.

Both means, a trusted actual property agent is an important a part of the method. They’ll know precisely what’s obtainable in your space and might base their suggestions in your distinctive wants, desired neighborhoods, and extra.

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So, when you’re having bother discovering a house you want whereas stock is so low, it could be time to think about wanting into new-home development. If you would like to begin that dialog, attain out to a trusted native actual property skilled who’s an professional on what’s obtainable in your space.

Today’s Housing Inventory Is a Sweet Spot for Sellers

One of many largest challenges within the housing market proper now could be how few homes there are on the market in comparison with the quantity of people that wish to purchase them. To assist emphasize simply how restricted housing stock nonetheless is, let’s check out the newest data on lively listings, or properties on the market in a given month, because it compares to extra regular ranges.

In line with a latest report from Realtor.com:

“On common, lively stock in June was 50.6% beneath pre-pandemic 2017–2019 ranges.”

The graph beneath helps illustrate this level. It makes use of historic knowledge to supply a extra concrete have a look at how a lot the numbers are nonetheless lagging behind the extent of stock typical of a extra regular market (see graph beneath):

It’s value noting that 2020-2022 aren’t included on this graph. That’s as a result of they have been actually abnormal years for the housing market. To make the comparability honest, these have been omitted so that they don’t distort the info.

If you evaluate the orange bars for 2023 with the final regular years for the housing market (2017-2019), you possibly can see the depend of lively listings remains to be far beneath the norm.

What Does This Imply for You?

When you’re fascinated with selling your house, that low stock is why it is a great time to take action. Consumers have fewer selections now than they did in additional regular years, and that’s persevering with to affect some key statistics within the housing market. For instance, sellers will likely be completely satisfied to see the next knowledge from the newest Confidence Index from the Nationwide Affiliation of Realtors (NAR):

The % of properties that bought in lower than a month ticked up barely to 74%.
The median days on market went all the way down to 18 days, exhibiting properties are nonetheless promoting quick when priced proper.
The common variety of gives on not too long ago bought properties went as much as 3.3 gives.

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When provide is so low, your home goes to be within the highlight. That’s why sellers are seeing their properties promote a bit quicker and get extra gives proper now. When you’ve thought of selling, now’s the time to make a move. Join with a trusted actual property skilled to get the method began.

Americans Still View Homeownership as the American Dream

Everybody’s interpretation of the American Dream is exclusive and private. However, for many individuals, it’s tied to a way of success, freedom, and prosperity. These are all issues that proudly owning a house may help present.

A latest survey from Bankrate requested respondents which achievements they really feel most embody the American Dream. The responses show proudly owning a house continues to be essential to so many Individuals as we speak (see graph beneath):

Because the graph reveals, homeownership ranks above different important milestones, together with retirement, having a profitable profession, and incomes a university diploma.

A recent report from MYND helps make clear why so many individuals worth homeownership. It finds:

“. . . practically two-thirds of Individuals (65%) see homeownership as a method of constructing intergenerational wealth.”

That’s as a result of, if you personal a house, your equity (and net worth) grows over time as you pay down your house mortgage and as home prices respect. This could be a key consider constructing intergenerational wealth and long-term monetary stability.

To additional drive residence the distinction homeownership could make in your life, a report from Fannie Mae says:

“Most customers (87%) imagine proudly owning a house is essential to ‘stay the great life.’ . . . Notably, considerably extra see ‘having much less stress’ as a profit achieved by proudly owning than renting.”

Particularly as we speak, this might be as a result of, if you personal a house with a fixed-rate mortgage, you stabilize what’s possible your largest month-to-month expense (your housing value), and that helps fight the affect of rising prices from inflation.

What Does This Imply for You?

Whereas it might really feel difficult to purchase a house as we speak with larger mortgage rates and home prices, if the time is best for you, know that if you purchase a house, unimaginable advantages are ready for you on the finish of your journey.

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Shopping for a house is a major and highly effective selection, embodying the muse of the American Dream. In the event you plan to make your homeownership dream a actuality this 12 months, take step one by reaching out to a neighborhood actual property knowledgeable and begin the method as we speak.

Lending Standards Are Not Like They Were Leading Up to the Crash

You is perhaps frightened we’re heading for a housing crash, however there are various the explanation why this housing market isn’t just like the one we noticed in 2008. One in all which is how lending requirements are completely different in the present day. Right here’s a take a look at the information to assist show it.

Each month, the Mortgage Bankers Affiliation (MBA) releases the Mortgage Credit Availability Index (MCAI). In line with their web site:

“The MCAI supplies the one standardized quantitative index that’s solely centered on mortgage credit score. The MCAI is . . . a abstract measure which signifies the supply of mortgage credit score at a time limit.”

Mainly, the index determines how simple it’s to get a mortgage. Check out the graph under of the MCAI since they began preserving observe of this knowledge in 2004. It reveals how lending requirements have modified over time. It really works like this:

When lending requirements are much less strict, it’s simpler to get a mortgage, and the index (the inexperienced line within the graph) is greater.
When lending requirements are stricter, it’s more durable to get a mortgage, and the road representing the index is decrease.

In 2004, the index was round 400. However, by 2006, it had gone as much as over 850. As we speak, the story is sort of completely different. Because the crash, the index went down as a result of lending requirements acquired tighter, so in the present day it’s more durable to get a mortgage.

Unfastened Lending Requirements Contributed to the Housing Bubble

One of many primary elements that contributed to the housing bubble was that lending requirements had been lots much less strict again then. Realtor.com explains it like this:

“Within the early 2000s, it wasn’t precisely exhausting to snag a house mortgage. . . . loads of mortgages had been doled out to individuals who lied about their incomes and employment, and couldn’t really afford homeownership.”

The tall peak within the graph above signifies that main as much as the housing disaster, it was a lot simpler to get credit score, and the necessities for getting a mortgage had been removed from strict. Again then, credit score was extensively obtainable, and the edge for qualifying for a mortgage was low.

Lenders had been approving loans with out at all times going by way of a verification course of to verify if the borrower would seemingly be capable of repay the mortgage. Meaning collectors had been lending to extra debtors who had a better danger of defaulting on their loans.

As we speak’s Loans Are A lot More durable To Get than Earlier than

As talked about, lending requirements have modified lots since then. Bankrate describes the distinction:

“As we speak, lenders impose robust requirements on debtors – and those that are getting a mortgage overwhelmingly have glorious credit score.”

In case you look again on the graph, you’ll discover after the height across the time of the housing crash, the road representing the index went down dramatically and has stayed low since. In truth, the road is much under the place requirements had been even in 2004 – and it’s getting decrease. Joel Kan, VP and Deputy Chief Economist at MBA, provides the newest replace from Could:

“Mortgage credit score availability decreased for the third consecutive month . . . With the decline in availability, the MCAI is now at its lowest degree since January 2013.”

The reducing index suggests requirements are getting a lot more durable – which makes it clear we’re distant from the acute lending practices that contributed to the crash.

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Main as much as the housing crash, lending requirements had been far more relaxed with little analysis accomplished to measure a borrower’s potential to repay their mortgage. As we speak, requirements are tighter, and the danger is lowered for each lenders and debtors. This goes to indicate, these are two very completely different housing markets, and this market isn’t just like the final time.

Eco-Friendly, Energy-Efficient Homes Attract Buyers

Are you planning to sell your own home? In that case, chances are you’ll be shocked to listen to simply how a lot patrons worth power effectivity and eco-friendly options in the present day. That is very true as summer formally kicks off.

In reality, the 2023 Realtors and Sustainability Report from the Nationwide Affiliation of Realtors (NAR) reveals 48% of brokers or brokers have observed shoppers are curious about sustainability.

So, if you happen to’re contemplating promoting your own home, why does this matter to you? It helps you realize what you are able to do to make your own home much more interesting to in the present day’s patrons. According to Jessica Lautz, Deputy Chief Economist and VP of Analysis at NAR:

“Patrons typically search houses that both reduce their environmental footprint or scale back their month-to-month power prices. There’s worth in selling inexperienced options and power data to future house patrons.”

Contemplate Upgrading Your House To Make It Extra Interesting

If you wish to improve your own home in a approach that maximizes its inexperienced enchantment, you might want to work with a neighborhood agent to know what patrons in your space are in search of. The identical NAR report identifies the next inexperienced house options as most essential to patrons at a nationwide degree:

Home windows, doorways, and siding
Proximity to regularly visited locations
A cushty residing house
A house’s utility payments and working prices

When you can’t change the placement of your own home, you’ll be able to take motion to verify it’s as snug as attainable whereas additionally organising the following house owners for decrease working prices. ENERGY STAR shares some recommended upgrades as ones which may be price contemplating:

Heating and cooling: Guarantee your HVAC system is correctly maintained and usually serviced to maximise its effectivity. Contemplate upgrading to a high-efficiency mannequin, if wanted.
Water heater: Your water heater makes use of quite a lot of power. Upgrading to a warmth pump water heater can considerably scale back power consumption and enchantment to environmentally acutely aware patrons.
Sensible thermostat: An enormous a part of your power invoice goes to heating and cooling. Set up a programmable thermostat to raised regulate temperature settings. This not solely enhances consolation however can even decrease power utilization.
Attic insulation: Correct sealing and insulation in your attic assist forestall air leaks and keep a cushty temperature, lowering the pressure on heating and cooling programs.
Vitality-efficient home windows: Changing previous, drafty home windows with energy-efficient ones can decrease warmth switch and decrease your power payments.

It is price noting that you just could possibly make the most of tax credits and rebates for energy-efficient house installations and upgrades. These incentives may assist offset a portion of the prices related to eco-friendly house enhancements.

As you put together to sell your own home, it is essential to acknowledge that actual property brokers are beneficial sources. They will help you establish which upgrades can be most interesting for patrons in your space and supply steerage on which inexperienced options to focus on in your itemizing. Should you’ve already made these updates not too long ago, inform your agent to allow them to characteristic them in your itemizing.

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Specializing in power effectivity and eco-friendly options will help make your own home extra interesting to patrons in the present day. Join with a neighborhood actual property agent to make sure you’re choosing the proper upgrades on your space.

Why the Median Home Price Is Meaningless in Today’s Market

The Nationwide Affiliation of Realtors (NAR) will launch its newest Current Residence Gross sales (EHS) report later this week. This month-to-month report offers data on the gross sales quantity and worth pattern for beforehand owned houses. Within the upcoming launch, it’ll possible say home prices are down. This will likely really feel a bit complicated, particularly if you happen to’ve been following alongside and seeing the blogs saying that house costs have bottomed out and turned a corner.

So, why will this possible say home prices are falling when so many different worth experiences say they’re going again up? All of it relies on the methodology of every report. NAR experiences on the median gross sales worth, whereas another sources use repeat gross sales costs. Right here’s how these approaches differ.

The Heart for Actual Property Research at Wichita State College explains median costs like this:

“The median sale worth measures the ‘center’ worth of houses that offered, which means that half of the houses offered for the next worth and half offered for much less . . . For instance, if extra lower-priced houses have offered not too long ago, the median sale worth would decline (as a result of the “center” house is now a lower-priced house), even when the worth of every particular person house is rising.”

Investopedia helps outline what a repeat gross sales strategy means:

“Repeat-sales strategies calculate adjustments in house costs primarily based on gross sales of the identical property, thereby avoiding the issue of making an attempt to account for worth variations in houses with various traits.”

The Problem with the Median Gross sales Value At the moment

Because the quotes above say, the approaches can inform totally different tales. That’s why median worth knowledge (like EHS) might say costs are down, regardless that the overwhelming majority of the repeat gross sales experiences present costs are appreciating again.

Invoice McBride, Writer of the Calculated Danger weblog, sums the distinction up like this:

“Median costs are distorted by the combo and repeat gross sales indexes like Case-Shiller and FHFA are in all probability higher for measuring costs.”

To drive this level house, right here’s a easy rationalization of median worth (see visible beneath). Let’s say you’ve gotten three cash in your pocket, and also you resolve to line them up in accordance with their worth from low to excessive. When you’ve got one nickel and two dimes, the median worth (the center one) is 10 cents. When you’ve got two nickels and one dime, the median worth is now 5 cents.

In each instances, a nickel continues to be value 5 cents and a dime continues to be value 10 cents. The worth of every coin didn’t change.

That’s why utilizing the median house worth as a gauge of what’s taking place with house values isn’t worthwhile proper now. Most patrons take a look at house costs as a place to begin to find out in the event that they match their budgets. However, most individuals purchase houses primarily based on the month-to-month mortgage fee they will afford, not simply the worth of the home. When mortgage rates are larger, you could have to purchase a inexpensive house to maintain your month-to-month housing expense inexpensive. A better variety of ‘less-expensive’ homes are promoting proper now for this precise cause, and that’s inflicting the median worth to say no. However that doesn’t imply any single home misplaced worth.

Once you see the tales within the media that costs are falling later this week, bear in mind the cash. Simply because the median worth adjustments, it doesn’t imply house costs are falling. What it means is the combo of houses being offered is being impacted by affordability and present mortgage rates.

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For a extra in-depth understanding of house worth traits and experiences, attain out to an area actual property skilled.

A Drop in Equity Doesn’t Mean Low Equity

You might even see media protection speaking a couple of drop in home-owner fairness. What’s essential to know is that fairness is tied carefully to house values. So, when house costs respect, you possibly can count on fairness to develop. And when house costs decline, fairness does too. Right here’s how this has performed out not too long ago.

Residence costs rose quickly throughout the ‘unicorn’ years. That gave owners a substantial fairness increase. However these ‘unicorn’ years couldn’t final perpetually. The market needed to average sooner or later, and that’s what we noticed final fall and winter.

As house costs dropped barely within the again half of 2022, fairness was impacted. Based mostly on the newest report from CoreLogic, there was a 0.7% dip in home-owner fairness during the last 12 months. Nonetheless, the headlines reporting on that change aren’t portray the entire image. The truth is, whereas home price depreciation throughout the second half of final 12 months brought on fairness to drop, the info reveals owners nonetheless have close to document quantities of fairness.

The graph beneath helps illustrate this level by wanting on the complete quantity of tappable fairness on this nation going all the way in which again to 2005. Tappable fairness is the quantity of fairness obtainable for owners to entry earlier than hitting a most 80% loan-to-value ratio (LTV). As the info reveals, there was a big fairness increase throughout the ‘unicorn’ years as house costs quickly appreciated (see the pink within the graph beneath).

However right here’s what’s key to appreciate – although there’s been a small dip, complete home-owner fairness continues to be a lot larger than it was earlier than the ‘unicorn’ years.

And there’s extra excellent news. Current house value reviews present the worst home price declines are behind us, and costs have began to go up once more. As Selma Hepp, Chief Economist at CoreLogic, explains:

“Residence fairness developments carefully observe house value modifications. Because of this, whereas the typical quantity of fairness declined from a 12 months in the past, it elevated from the fourth quarter of 2022, as month-to-month house costs progress accelerated in early 2023.”

The final a part of that quote is especially essential and is the piece of the puzzle the information is leaving out. To additional emphasize the constructive flip we’re already seeing, specialists say house costs are forecast to understand at a extra regular price over the following 12 months. In the identical report, Hepp places it this manner:

“The common U.S. home-owner now has greater than $274,000 in fairness – up considerably from $182,000 earlier than the pandemic. Additionally, whereas owners in some areas of the nation who purchased a property final spring haven’t any fairness on account of value losses, forecasted house value appreciation over the following 12 months ought to assist many debtors regain a few of that misplaced fairness.”

And although Odeta Kushi, Deputy Chief Economist at First American, references a barely totally different quantity, Kushi additional validates the truth that owners have loads of fairness proper now:

“Householders in the present day have a median of $302,000 in fairness of their properties.”

Which means when you’ve owned your property for just a few years, you seemingly nonetheless have far more equity than you probably did earlier than the ‘unicorn’ years. And when you’ve owned your property for a 12 months or much less, the forecast for extra typical value appreciation over the following 12 months ought to imply your fairness is already on the way in which again up.

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Context is all the pieces when taking a look at headlines. Whereas home-owner fairness dropped some from final 12 months, it’s nonetheless close to all-time highs. Attain out to a trusted actual property professional so you may get the solutions you deserve from an professional who’s there to assist as you intend your move this 12 months.

Are Home Prices Going Up or Down? That Depends…

Media protection about what’s occurring with dwelling costs will be complicated. A big a part of that’s as a result of kind of knowledge getting used and what they’re selecting to attract consideration to. For dwelling costs, there are two completely different strategies used to match dwelling costs over completely different time intervals: year-over-year (Y-O-Y) and month-over-month (M-O-M). Here is a proof of every.

12 months-over-12 months (Y-O-Y):

This comparability measures the change in dwelling costs from the identical month or quarter within the earlier yr. For instance, should you’re evaluating Y-O-Y dwelling costs for April 2023, you’d examine them to the house costs for April 2022.
Y-O-Y comparisons concentrate on adjustments over a one-year interval, offering a extra complete view of long-term tendencies. They’re often helpful for evaluating annual development charges and figuring out if the market is usually appreciating or depreciating.

Month-over-Month (M-O-M):

This comparability measures the change in dwelling costs from one month to the subsequent. As an example, should you’re evaluating M-O-M dwelling costs for April 2023, you’d examine them to the house costs for March 2023.
In the meantime, M-O-M comparisons analyze adjustments inside a single month, giving a extra instant snapshot of short-term actions and value fluctuations. They’re usually used to trace instant shifts in demand and provide, seasonal tendencies, or the affect of particular occasions on the housing market.

The important thing distinction between Y-O-Y and M-O-M comparisons lies in the timeframe being assessed. Each approaches have their very own deserves and serve completely different functions relying on the precise evaluation required.

Why Is This Distinction So Necessary Proper Now?

We’re about to enter a couple of months when home prices might probably be decrease than they had been the identical month final yr. April, Might, and June of 2022 had been three of one of the best months for dwelling costs within the historical past of the American housing market. Those self same months this yr may not measure up. Meaning, the Y-O-Y comparability will most likely present values are depreciating. The numbers for April appear to counsel that’s what we’ll see within the months forward (see graph beneath):

That’ll generate troubling headlines that say dwelling values are falling. That’ll be correct on a Y-O-Y foundation. And, these headlines will lead many shoppers to consider that dwelling values are presently cascading downward.

Nevertheless, on a better take a look at M-O-M dwelling costs, we are able to see costs have really been appreciating for the final a number of months. These M-O-M numbers extra precisely replicate what’s actually occurring with dwelling values: after a number of months of depreciation, it seems we’ve hit backside and are bouncing again.

Right here’s an instance of M-O-M dwelling value actions for the final 16 months from the CoreLogic Dwelling Value Insights report (see graph beneath):

Why Does This Matter to You?

So, should you’re listening to damaging headlines about dwelling costs, bear in mind they might not be portray the complete image. For the subsequent few months, we’ll be evaluating costs to final yr’s document peak, and which will make the Y-O-Y comparability really feel extra damaging. However, if we take a look at the extra instant, M-O-M tendencies, we are able to see dwelling costs are literally on the best way back up.

There’s a bonus to purchasing a house now. You’ll purchase at a reduction from final yr’s value and earlier than costs begin to decide up much more momentum. It’s known as “shopping for on the backside,” and that’s an excellent factor.

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You probably have questions on what’s occurring with dwelling costs, or should you’re prepared to purchase earlier than costs climb greater, join with an area actual property agent.

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market [INFOGRAPHIC]

Some Highlights

Evaluating housing market metrics from one 12 months to a different will be difficult in a traditional housing market – and the previous couple of years have been something however regular. In a means, they have been ‘unicorn’ years.
Anticipate unsettling housing market headlines this 12 months, principally on account of unfair comparisons with the ‘unicorn’ years.
Connect with a neighborhood actual property skilled who can share the data that places these headlines within the correct perspective.

This Real Estate Market Is the Strongest of Our Lifetime

If you have a look at the numbers in the present day, the one factor that stands out is the energy of this housing market. We will see this is without doubt one of the most foundationally robust housing markets of our lifetime – if not the strongest housing market of our lifetime. Listed here are two fundamentals that show this level.

1. The Present Mortgage Fee on Current Mortgages

First, let’s have a look at the present price on present mortgages. In keeping with the Federal Housing Finance Company (FHFA), as of the fourth quarter of final 12 months, over 80% of present mortgages have a price under 5%. That’s vital. And, to take that one step additional, over 50% of mortgages have a price under 4% (see graph under):

Now, there’s quite a lot of discuss within the media a few potential foreclosure disaster or an increase of house owners defaulting on their loans, however think about this. Householders with such good mortgage charges are going to work as exhausting as they’ll to maintain that mortgage and keep of their properties. That’s as a result of they can not exit and purchase one other home, and even hire an residence, and pay what they do in the present day. Their present mortgage cost is extra reasonably priced. Even when they downsize, with in the present day’s larger mortgage charges, it may value extra.

Here is why this provides the housing market such a stable basis in the present day. Having so many householders with such low mortgage charges helps us keep away from a disaster with a flood of foreclosures coming to market like there was again in 2008.

2. The Quantity of Home-owner Fairness

Second, People are sitting on large fairness proper now. In keeping with the Census and ATTOM, roughly two-thirds (round 68%) of house owners have both paid off their mortgage or have at the least 50% fairness (see chart under):

Within the trade, the time period for that is equity wealthy. That is vital as a result of when you assume again to 2008, some individuals needed to make the troublesome choice to stroll away from their properties as a result of they owed extra on the house than it was price.

However this time, issues are completely different as a result of householders have constructed up a lot fairness over the previous few years alone. And, when householders have that a lot fairness, it helps us keep away from one other wave of distressed properties coming onto the market like we noticed through the crash. It additionally creates an especially robust basis for in the present day’s housing market.

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We’re in one of the crucial foundationally robust housing markets of our lifetime as a result of householders are going to battle to maintain their present mortgage price and so they have an incredible quantity of fairness. That is but another excuse issues are essentially completely different than in 2008.

Momentum Is Building for New Home Construction

What This Means for You

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Today’s Housing Inventory Is a Sweet Spot for Sellers

What Does This Imply for You?

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Americans Still View Homeownership as the American Dream

What Does This Imply for You?

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Lending Standards Are Not Like They Were Leading Up to the Crash

Unfastened Lending Requirements Contributed to the Housing Bubble

As we speak’s Loans Are A lot More durable To Get than Earlier than

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Eco-Friendly, Energy-Efficient Homes Attract Buyers

Contemplate Upgrading Your House To Make It Extra Interesting

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Why the Median Home Price Is Meaningless in Today’s Market

The Problem with the Median Gross sales Value At the moment

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A Drop in Equity Doesn’t Mean Low Equity

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Are Home Prices Going Up or Down? That Depends…

12 months-over-12 months (Y-O-Y):

Month-over-Month (M-O-M):

Why Is This Distinction So Necessary Proper Now?

Why Does This Matter to You?

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Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market [INFOGRAPHIC]

Some Highlights

This Real Estate Market Is the Strongest of Our Lifetime

1. The Present Mortgage Fee on Current Mortgages

2. The Quantity of Home-owner Fairness

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James Jestes, Your new favorite Realtor.

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