April 2018 | Maryland, Virginia and the District Real Estate :: The Gold Standard Group with eXp Realty

Why Home Prices Are Increasing

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue),…

Written by Danny Cheung

April 30, 2018

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Existing Home Sales Grow Despite Low Inventory

Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace…

Written by Danny Cheung

April 27, 2018

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“Short of a war or stock market crash…”

This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would impact monthly payments this way: A 5% increase…

Written by Danny Cheung

April 26, 2018

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New Study Shows ‘Best States for Millennials’

A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top…

Written by Danny Cheung

April 25, 2018

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Thinking of Selling Your Home? Why You Need A Pro in Your Corner

With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of…

Written by Danny Cheung

April 24, 2018

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Buying a Home Is Cheaper Than Renting in the Majority of the US

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The…

Written by Danny Cheung

April 23, 2018

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Home Buying Myths Slayed

Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised…

Written by Danny Cheung

April 20, 2018

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Is Family Mortgage Debt Out of Control?

Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive…

Written by Danny Cheung

April 19, 2018

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Rising Prices Help You Build Your Family’s Wealth

Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what…

Written by Danny Cheung

April 17, 2018

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Getting Pre-Approved Should Always Be Your First Step

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

Written by Danny Cheung

April 16, 2018

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Monthly Archives: April 2018

Why Home Prices Are Increasing

Existing Home Sales Grow Despite Low Inventory

“Short of a war or stock market crash…”

New Study Shows ‘Best States for Millennials’

Thinking of Selling Your Home? Why You Need A Pro in Your Corner

Buying a Home Is Cheaper Than Renting in the Majority of the US

Home Buying Myths Slayed

Is Family Mortgage Debt Out of Control?

Rising Prices Help You Build Your Family’s Wealth

Getting Pre-Approved Should Always Be Your First Step

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