Tips and Advice

Are you Selling?

America Needs Your House!!

America Needs Your House!! | Simplifying The MarketThe biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The underlying fundamental issue is an overwhelming lack of supply… The supply of […]

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How Supply and Demand Impacts Real Estate Home Values

How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
  • Anything under a 6-month supply is a seller’s market!
  • Nationally, there has not been a 6-months inventory supply since August 2012!
  • Inventory levels differ depending on the area of the country and price range, so let’s get together to discuss the exact market conditions in our area.
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Homeowners: Do You Know Your Home’s Value?

Homeowners: Do You Know Your Home’s Value? | Simplifying The MarketThe latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,  “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great news […]

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Top 5 A+ Reasons to Hire a Real Estate Pro

Some Highlights:

  • Hiring a real estate professional to buy your dream home, or sell your current house, is one of the most ‘educated’ decisions you can make!
  • A real estate professional has the experience needed to help you through the entire process.
  • Make sure that you hire someone who knows current market conditions & can simply and effectively explain them to you and your family!
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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, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median […]

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Study: FSBOs Don’t Save Real Estate Commission

Study: FSBOs Don’t Save Real Estate Commission | Simplifying The MarketOne of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in […]

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Empty Nesters: Best to Remodel or Time to Sell?

Empty Nesters: Best to Remodel or Time to Sell? | Simplifying The MarketYour children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based on the record of dollars spent […]

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Number of Buyers Putting Down Less Than 10% Hits 7-Year High

Number of Buyers Putting Down Less Than 10% Hits 7-Year High | Simplifying The MarketAccording to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put […]

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Why Is It Important to Use a Professional to Sell Your Home?

Why Is It Important to Use a Professional to Sell Your Home? | Simplifying The MarketWhen a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the […]

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Are you Buying?

Are You Thinking of Selling Your Home? Competition Is Coming!

By Frank Valente | Aug 16, 2018

Are You Thinking of Selling Your Home? Competition Is Coming! | Simplifying The MarketThe number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. […]

Read More

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts

By Frank Valente | Aug 15, 2018

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts | Simplifying The MarketIt should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries. What is surprising, however, is that 78% of […]

Read More

The Wave of Millennial Homebuyers Continues to Swell

By Frank Valente | Aug 8, 2018

The Wave of Millennial Homebuyers Continues to Swell | Simplifying The MarketMany have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that […]

Read More

7 Reasons to List Your Home This Holiday Season

By Frank Valente | Nov 13, 2017

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market 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

5 Reasons Homeownership Makes ‘Cents’

By Frank Valente | Nov 8, 2017

5 Reasons Homeownership Makes ‘Cents’ | Simplifying The MarketThe American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. Today we want to talk about the top 5 financial reasons […]

Read More

Low Inventory Causes Home Prices to Maintain Fast Growth

By Frank Valente | Nov 6, 2017

Low Inventory Causes Home Prices to Maintain Fast Growth | Simplifying The MarketThe National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. Lawrence Yun, Chief Economist at […]

Read More

Renting or Buying…Either Way, You’re Paying Someone’s Mortgage

By Frank Valente | Oct 30, 2017

Renting or Buying…Either Way, You're Paying Someone's Mortgage | Simplifying The MarketThere are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical […]

Read More

How to Save on a Mortgage Payment Whether Buying or Selling

By Frank Valente | Oct 26, 2017

How to Save on a Mortgage Payment Whether Buying or Selling | Simplifying The MarketIn Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains: “Since we started keeping track in 2012, it’s been a better deal to buy than rent in America’s largest housing markets – and […]

Read More

Moving-Up to a Luxury Home? Now’s the Time!

By Frank Valente | Oct 18, 2017

Moving-Up to a Luxury Home? Now’s the Time! | Simplifying The MarketIf your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.  The inventory of homes for sale in the luxury […]

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Frequently Asked Questions

Are You Thinking of Selling Your Home? Competition Is Coming!

By Frank Valente | Aug 16, 2018

Are You Thinking of Selling Your Home? Competition Is Coming! | Simplifying The MarketThe number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. […]

Read More

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts

By Frank Valente | Aug 15, 2018

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts | Simplifying The MarketIt should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries. What is surprising, however, is that 78% of […]

Read More

The Wave of Millennial Homebuyers Continues to Swell

By Frank Valente | Aug 8, 2018

The Wave of Millennial Homebuyers Continues to Swell | Simplifying The MarketMany have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that […]

Read More

7 Reasons to List Your Home This Holiday Season

By Frank Valente | Nov 13, 2017

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market 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

5 Reasons Homeownership Makes ‘Cents’

By Frank Valente | Nov 8, 2017

5 Reasons Homeownership Makes ‘Cents’ | Simplifying The MarketThe American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. Today we want to talk about the top 5 financial reasons […]

Read More

Low Inventory Causes Home Prices to Maintain Fast Growth

By Frank Valente | Nov 6, 2017

Low Inventory Causes Home Prices to Maintain Fast Growth | Simplifying The MarketThe National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. Lawrence Yun, Chief Economist at […]

Read More

Renting or Buying…Either Way, You’re Paying Someone’s Mortgage

By Frank Valente | Oct 30, 2017

Renting or Buying…Either Way, You're Paying Someone's Mortgage | Simplifying The MarketThere are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical […]

Read More

How to Save on a Mortgage Payment Whether Buying or Selling

By Frank Valente | Oct 26, 2017

How to Save on a Mortgage Payment Whether Buying or Selling | Simplifying The MarketIn Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains: “Since we started keeping track in 2012, it’s been a better deal to buy than rent in America’s largest housing markets – and […]

Read More

Moving-Up to a Luxury Home? Now’s the Time!

By Frank Valente | Oct 18, 2017

Moving-Up to a Luxury Home? Now’s the Time! | Simplifying The MarketIf your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.  The inventory of homes for sale in the luxury […]

Read More