Monthly Archives: January 2016

    • Existing Home Sales Bounce Back [INFOGRAPHIC]

      Some Highlights: Sales in December were 14.7% higher than those in November, marking the largest month-over-month increase ever recorded. Inventory levels are still below historic norms at 3.9-months supply. Median home price is up 7.6% from last yea...
      Written by Tribeca NW
    • Thinking of Selling? Why Now May Be The Time

      It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their home on the market until then. The question is whether or not that will be a good strategy this year.
      Written by Tribeca NW
    • Where Are Interest Rates Headed This Year?

      With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the four major reporting agencies are predicting for 2016, it may make the decision for you. The chart below averages the predictions by quarter.
      Written by Tribeca NW
    • Existing Home Sales Rebound in December

      The National Association of Realtors (NAR) just released their latest Existing Home Sales Report on Friday. Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago. While this is great news for the housing market, let’s take a look at one of the main reasons why there was such a large increase in sales.
      Written by Tribeca NW
    • Should I Buy Now Or Wait Until Next Year? [INFOGRAPHIC]

      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 4.8% by next year. CoreL...
      Written by Tribeca NW
    • Rents Still Skyrocketing

      Zillow recently revealed that the 43 million renter households in the US spent $535 billion on rent in 2015. Aggregate numbers like these often make it difficult to truly assess a situation. For more clarity, we want to share some points that were made in a Wall Street Journal article earlier this month.
      Written by Tribeca NW
    • Are You Wondering What It Takes To Buy Your First Home?

      There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current income would never enable them to qualify for a mortgage.
      Written by Tribeca NW