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Monthly Archives: September 2017

    Should I Buy a Home Now? Or Wait Until Next Year?

    By Danny Cheung | September 29, 2017

    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 4.4% by next year. CoreLogic predicts home prices to appreciate by 5.0% over the next... Read More

    What to Look for in Your Real Estate Team

    By Danny Cheung | September 27, 2017

    How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be looking for in your agent... Read More

    More Than Half of All Buyers Are Surprised by Closing Costs

    By Danny Cheung | September 26, 2017

    According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than... Read More

    How to Get the Most Money from the Sale of Your Home

    By Danny Cheung | September 25, 2017

    Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive. However, let’s look at... Read More

    Lack of Existing Home Inventory Slows Sales Heading into Fall

    By Danny Cheung | September 22, 2017

    Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 31% of all sales in August. Homes are selling quickly with 51% of homes on the market for less than a month. A limited supply continues to drive up prices for the 66th consecutive month. Read More

    Why Are So Few Homes for Sale?

    By Danny Cheung | September 21, 2017

    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... Read More

    More Americans Say Now is a Good Time to Sell!

    By Danny Cheung | September 20, 2017

    Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it was this time last year. Overall, 62% of Americans surveyed said that now... Read More

    Home Sales Expected to Increase Nicely in 2018

    By Danny Cheung | September 19, 2017

    Freddie Mac, Fannie Mae, and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is projecting in sales for the remainder of this year and the next. As we can see, each entity is projecting sizable increases in home sales next year. If you have... Read More

    5 Reasons to Sell This Fall

    By Danny Cheung | September 18, 2017

    Here are five reasons listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More... Read More

    Top 5 Reasons Why Millennials Choose to Buy

    By Danny Cheung | September 15, 2017

    Some Highlights: “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... Read More