For Buyers Archives - Page 2 of 9 - J.P. Cook

Here are five reasons listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right

58% of Homeowners See a Drop in Home Values Coming

September 8, 2017

For Buyers, Housing Market Updates, Move-Up Buyers

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According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very

More Boomerang Buyers Are about to Enter the Market

August 25, 2017

For Buyers, Housing Market Updates

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We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that

Buying Is Now 33.1% Cheaper Than Renting in the US

August 8, 2017

First Time Home Buyers, For Buyers, Housing Market Updates

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The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all

Inventory Shortages Are Slowing Down the Market

August 3, 2017

For Buyers, For Sellers, Housing Market Updates

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The real estate market is moving more and more into 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. However, there is one thing that may cause the industry

#1 Answer to the Housing Shortage: New Construction

August 1, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction

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The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages. The good news is

Why Working with a Local Real Estate Professional Makes All the Difference

July 31, 2017

First Time Home Buyers, For Buyers, For Sellers, Millennials, Move-Up Buyers

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If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the

More Americans Chose to Own a Home Than Rent in First Qtr 2017

July 17, 2017

First Time Home Buyers, For Buyers

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According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households. Of the 1.22 million new households

Is Now a Good Time to Rent?

July 14, 2017

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

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People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph

Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!

July 5, 2017

For Buyers, Interest Rates, Move-Up Buyers

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If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are