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Monthly Archives: May 2019

    The Top Reasons to Own Your Home

    By Danny Cheung | May 31, 2019

    Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home? Read More

    The Ultimate Truth about Housing Affordability

    By Danny Cheung | May 30, 2019

    There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability... Read More

    Multigenerational Homes Are on the Rise

    By Danny Cheung | May 29, 2019

    As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average age in the U.S. is 78 years old! As a result, 41% of Americans... Read More

    2 Things You Need to Know to Properly Price Your Home

    By Danny Cheung | May 28, 2019

    In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly. In the mind of the homeowner, annual home price... Read More

    The Impact Staging Your Home Has On Your Sale Price

    By Danny Cheung | May 24, 2019

    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of buyer’s agents said... Read More

    4 Most Popular Bottom Line Investments in America

    By Danny Cheung | May 23, 2019

    Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks, gold, and savings accounts. For the sixth year in a row, real estate has come out on top as the best long-term investment! That has not always been the case. Gallup explains: “Between 2008 and 2010, covering... Read More

    Boomerang Buyers: Don’t Be Afraid to Buy a Home Again!

    By Danny Cheung | May 22, 2019

    According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.” According to the 2019 Home Buyer Report from NerdWallet, “Thirteen percent of Americans have... Read More

    Are Older Generations Really Not Selling Their Homes?

    By Danny Cheung | May 21, 2019

    Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings show that Baby Boomers (43%) and the Silent Generation (12%) made up 56%... Read More

    Top Days to List Your Home for Sale

    By Danny Cheung | May 17, 2019

    Some Highlights: ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale. The top five days to list your home brought in a 10% premium over market value and are all in either May or... Read More

    What is Really Happening with Home Prices?

    By Danny Cheung | May 16, 2019

    Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expected economy and a good spring housing market... Read More