50% of Houses sold in 36 Days or Less in July [INFOGRAPHIC]

50% of Houses sold in 36 Days or Less in July [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The National Association of REALTORS® surveyed their members for their Confidence Index
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than 60 days in 38 out of 50 states and Washington D.C.
  • Homes sold in less than 30 days in 17 states

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Home Prices Up 5.61% Across The Country! [INFOGRAPHIC]

Home Prices Up 5.61% Across The Country! [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • 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!
  • Vermont was the only one state where home prices are actually lower than they were last year.

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Want to Get an A? Hire A Real Estate Pro [INFOGRAPHIC]

Want to Get an A? Hire A Real Estate Pro [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Hiring a Real Estate Professional to 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 & can simply & effectively explain them to you & your family!

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How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC]

How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
  • Anything under a 6-month supply is a Seller’s Market!
  • There has not been a 6-months inventory supply since August 2012!
  • Buyer Demand continues to out-pace Seller Supply!

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‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC]

‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • ‘Old Millennials’ are defined as 25-36 year olds according to the US Census Bureau.
  • According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.
  • More and more ‘Old Millennials’ are realizing that homeownership is within their reach now!

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What States Give You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

What States Give You the Most ‘Bang for Your Buck’? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Thinking of moving across the country? How far will your money take you?
  • The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.
  • The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $115.34 worth of goods for $100.

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Do You Know the Impact Your Interest Rate Makes? [INFOGRAPHIC]

Do You Know the Impact Your Interest Rate Makes? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Interest rates have come a long way in the last 30 years.
  • The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
  • Interest rates are at their lowest in years… RIGHT NOW!
  • If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act!

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Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC]

Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.
  • Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.
  • Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900.

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Slaying Myths About Home Buying [INFOGRAPHIC]

Slaying Myths About Home Buying [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Interest Rates are still below historic numbers.
  • 88% of property managers raised their rent in the last 12 months!
  • Credit score requirements to be approved for a mortgage continue to fall.

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Should I Wait Until Next Year? Or Buy Now? [INFOGRAPHIC]

Should I Wait Until Next Year? Or Buy Now? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 4.6% by next year.
  • CoreLogic predicts home prices to appreciate by 5.3% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

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