Category: Housing Market Updates

    • Thinking of Selling? Do it TODAY!!

      That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
      Written by Keeley Ryan
    • 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
    • Sales at Highest Pace in 10 Years! [INFOGRAPHIC]

      Highlights:45 million existing homes were sold in 2016! This is the highest mark set since 2006.Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.The median price of homes sold in Dece...
      Written by Keeley Ryan