June 2017 | Maryland, Virginia and the District Real Estate :: The Gold Standard Group with eXp Realty

Existing Home Sales Surge into Summer

Some Highlights: Existing Home Sales reached their third highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year…

Written by Danny Cheung

June 30, 2017

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75% of Homeowners Think Now is a Good Time to Sell!

The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy…

Written by Danny Cheung

June 29, 2017

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Buyer’s Market Helps Premium Home Sales Soar

We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time,…

Written by Danny Cheung

June 28, 2017

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Pre-Approval Should Always Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where…

Written by Danny Cheung

June 27, 2017

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2 Myths Holding Back Home Buyers

In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the…

Written by Danny Cheung

June 26, 2017

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The Cost of Renting vs. Buying in the US

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (29.2%)…

Written by Danny Cheung

June 23, 2017

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The Importance of Home Equity in Retirement Planning

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…

Written by Danny Cheung

June 22, 2017

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The Supply & Demand Problem Plaguing New Construction

Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The…

Written by Danny Cheung

June 21, 2017

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Do You Know How Much Equity You Have in Your Home?

CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in…

Written by Danny Cheung

June 20, 2017

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Top Home Renovations for Maximum ROI

Some Highlights: 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…

Written by Danny Cheung

June 16, 2017

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Monthly Archives: June 2017

Existing Home Sales Surge into Summer

75% of Homeowners Think Now is a Good Time to Sell!

Buyer’s Market Helps Premium Home Sales Soar

Pre-Approval Should Always Be Your First Step

2 Myths Holding Back Home Buyers

The Cost of Renting vs. Buying in the US

The Importance of Home Equity in Retirement Planning

The Supply & Demand Problem Plaguing New Construction

Do You Know How Much Equity You Have in Your Home?

Top Home Renovations for Maximum ROI

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