Skip To Content

Monthly Archives: March 2018

    The Cost of Renting vs. Buying Today

    By Danny Cheung | March 30, 2018

    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 (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if... Read More

    99% of Experts Agree: Home Prices Will Increase

    By Danny Cheung | March 29, 2018

    Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyed housing experts believe that home values will continue to rise this year. What is the Home Price Expectation Survey? Each quarter, Pulsenomics surveys a nationwide panel... Read More

    Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

    By Danny Cheung | March 28, 2018

    Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year. The rate you... Read More

    Buyer Demand Still Outpacing the Supply of Homes for Sale

    By Danny Cheung | March 27, 2018

    The price of any item is determined by the supply of that item, as well as market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic... Read More

    5 Reasons Why to Sell This Spring!

    By Danny Cheung | March 26, 2018

    Here are five reasons listing your home for sale this spring 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

    20 Tips for Preparing Your House for Sale This Spring

    By Danny Cheung | March 23, 2018

    Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting your house ready for market and is... Read More

    The Cost of Waiting: Interest Rates Edition

    By Danny Cheung | March 16, 2018

    Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home! Read More

    7 Factors to Consider When Choosing A Home to Retire In

    By Danny Cheung | March 14, 2018

    As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs... Read More

    You Can Save for a Down Payment Faster Than You Think!

    By Danny Cheung | March 13, 2018

    Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from the United States Census... Read More

    4 Reasons Spring is a Great Time to Buy a Home!

    By Danny Cheung | March 12, 2018

    Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year. The bottom... Read More