There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the current lack of supply. The survey asked title… Continue reading Why Are So Few Homes for Sale?
Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home.
The National Association of Realtors reports that national inventory levels
Q: Should I Get An Inspection?
A: Many buyers question the importance of home inspections; however, they can take considerable weight off their shoulders. Explain that homes often have unseen problems with roofs, heating and air, electricity and plumbing. Make sure these things are up to par to prevent costly repair charges down the line.
We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can… Continue reading The Importance of Home Equity in Retirement Planning
The Tour of Homes Kicks of at Woodcreek Farms June 10 at our Model home with a Fabulous Grill out for our customers!
With Rents continuing to climb and interest rates staying low, many renters find themselves gazing over the homeownership fence and wondering if the grass really is greener. Leaving aside, for the moment, the difficulties of saving for a down payment, let’s focus on the monthly expenses of owning a home: it turns out that renters currently paying the median rent in many markets could afford to buy a higher-quality property than the typical (read: median-valued) home without increasing their monthly expenses.”