Category Archives: Infographics

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Home Prices Up 6.49% Across the Country! [INFOGRAPHIC]

The Federal Housing Finance Agency (FHFA) recently released their latest quarterly Home Price Index report.
In the report, home prices are compared both regionally and by state.
Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!

Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most ‘educated’ decisions you can make!
A real estate professional has the experience needed to help you through the entire process.
Make sure that you hire someone who knows current market conditions and can simply and effectively explain them to you and your family!

According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year.
Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still remains under the 6-month supply needed for a normal market.
NAR’s Chief Economist Lawrence Yun had this to say: “There continues to be a mismatch since the spring between the growing level of homebuyer demand in most of the country in relation to the actual pace of home sales, which are declining. The root cause is without a doubt the severe housing shortage that is not releasing its grip on the nation’s housing market.”

Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!
The generations agree! Real estate is the best investment!
Generation X leads the way with 37% believing in real estate as the top investment.

Many buyers are purchasing a home with a down payment as little as 3%.
You may already qualify for a loan, even if you don’t have perfect credit.
Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
50% of staged homes saw a 1-10% increase in dollar-value offers from buyers.
77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.

With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
Rates are projected to climb to 5.1% by this time next year according to Freddie Mac.
The impact your interest rate makes on your monthly mortgage cost is significant!
Lock in a low rate now while you can!

“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
The top reason millennials choose to buy is to have control over their living space, at 93%.
Many millennials who rent a home or apartment prior to buying their own homes dream of the day when they will be able to paint the walls whatever color they’d like or renovate an outdated part of their living space.

Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
Perhaps the time has come for you and your family to move on and start living the life you desire.

Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI).
Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2^nd and 4^th renovations for returns on investment.