Monthly Archives: February 2017

    • How Long Do Most Families Stay in Their Home?

      The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.
      Written by Keeley Ryan
    • Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC]

      Highlights:

      • Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
      • January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
      • NAR’s Chief Economist, Lawrence Yun had this to say, 'Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home.'
      Written by Keeley Ryan
    • Lack of Homes for Sale Slowing Down the Housing Market

      The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
      Written by Keeley Ryan
    • 5 Reasons Homeowners Throw Better Super Bowl Parties! [INFOGRAPHIC]

      Highlights:

      • Watching the Big Game at home with your friends & family offers many advantages.
      • There’s more room to entertain a large crowd, and you don’t have to worry about complaints to your landlord if you cheer too loudly!
      • The kitchen is big enough to make as many appetizers as you want, and if some of your guests are only there to watch the commercials, they can do so on a different TV in another room!
      Written by Keeley Ryan