Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC]

Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality.
  • The top thing that buyers sacrifice are new clothes at 54%.
  • Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car to buy their last home.

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Sales at Highest Pace in 9 Years! [INFOGRAPHIC]

Sales at Highest Pace in 9 Years [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million.
  • Inventory remains below the 6-month norm and prices are still on the rise.
  • Interest rates are at a historic low of 3.48%.

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Thinking You Should FSBO? Think Again [INFOGRAPHIC]

Thinking You Should FSBO? Think Again [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

 According to NAR’s Profile of Home Buyers & Sellers:

  • 88% of buyers look for their new home online.
  • Using a real estate agent can net you $39,000 more than FSBO’ing.
  • There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional can help ease the process.

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Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC]

Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.
  • April marked the 54th consecutive month of year-over-year declines in foreclosure inventory.
  • Only 3% of homes in the United States are in serious delinquency. More and more homeowners are escaping negative equity as prices rise.

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Home Prices Up 5.67% Across The Country! [INFOGRAPHIC]

Home Prices Up 5.67% Across The Country! | Simplifying The Market

Some Highlights:

  • Across the country, home prices are up by 5.67%.
  • Each state is appreciating at a different rate, however, which is important to realize if you plan on relocating to a different state.
  • Regionally, prices have appreciated year-over-year by as high as 8.15%.

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The Nutley Real Estate Show Coming Soon!

Where we will be discussing buying and selling homes in Northern NJ as well as Marketing advice for Real Estate agents
Nutley Real Estate Show

June is National Homeownership Month! [INFOGRAPHIC]

June is National Homeownership Month! | Simplifying The Market

Some Highlights:

  • Paying rent is not a good investment, but owning is a great way to start building family wealth.
  • Not only does homeownership allow you to provide your children with great education, but you can also decide whether or not your child grows up with a pet.
  • Owning a home provides you with tax benefits while also providing you with more living space to move around in.

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All Gave Some. Some Gave All.

All Gave Some. Some Gave All. | Simplifying The Market

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New & Existing Home Sales Climb [INFOGRAPHIC]

New & Existing Home Sales Climb [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year.
  • Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory.
  • The median price of new homes is up 12% from March 2015, while the median price of existing homes is up 6.3% from April 2015.

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Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC]

Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
  • Buying costs are significantly less than renting costs.
  • The percentage of income needed to afford a median priced home is less than the historic norm.

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