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Monthly Archives: November 2018

    Home Prices Up 6.34% Across the Country!

    By Danny Cheung | November 30, 2018

    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! Read More

    Further Proof It’s NOT 2008 All Over Again

    By Danny Cheung | November 29, 2018

    Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced... Read More

    24% of Renters Believe Winter is the Best Time to Buy a Home

    By Danny Cheung | November 28, 2018

    In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready to buy. According to Bank of America’s annual Home Buyer Insights... Read More

    Buyers: Don’t Be Surprised by Closing Costs!

    By Danny Cheung | November 26, 2018

    Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan application and they should receive a closing disclosure 3 days... Read More

    Will Your Side Hustle Buy You a House This Year?

    By Danny Cheung | November 21, 2018

    The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017. Among millennials with incomes over $100,000 a year, the top ways to come up with the... Read More

    Females Are Making It a Priority to Invest in Real Estate!

    By Danny Cheung | November 20, 2018

    Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60% of millennial... Read More

    7 Reasons to List Your House For Sale This Holiday Season

    By Danny Cheung | November 19, 2018

    Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are seven great reasons not to wait: Relocation buyers are... Read More

    The Cost of Renting vs. Buying a Home

    By Danny Cheung | November 16, 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 (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if... Read More

    Wage Increases Make Home Buying More Affordable

    By Danny Cheung | November 15, 2018

    Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are... Read More

    Home Sellers in Q3 Netted $61K at Resale

    By Danny Cheung | November 14, 2018

    According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% return on the original purchase prices. After the Great... Read More