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Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC]

Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007.
  • April marked the 54th consecutive month of year-over-year declines in foreclosure inventory.
  • Only 3% of homes in the United States are in serious delinquency. More and more homeowners are escaping negative equity as prices rise.
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June is National Homeownership Month! [INFOGRAPHIC]

June is National Homeownership Month! | Simplifying The Market

Some Highlights:

  • Paying rent is not a good investment, but owning is a great way to start building family wealth.
  • Not only does homeownership allow you to provide your children with great education, but you can also decide whether or not your child grows up with a pet.
  • Owning a home provides you with tax benefits while also providing you with more living space to move around in.
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New & Existing Home Sales Climb [INFOGRAPHIC]

New & Existing Home Sales Climb [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year.
  • Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory.
  • The median price of new homes is up 12% from March 2016, while the median price of existing homes is up 6.3% from April 2015.
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New Home Buyers Look For Green Options [INFOGRAPHIC]

New Home Buyers Look For Green Options [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • 11% of new homebuyers stated energy efficient features as the reason for their purchase.
  • The most popular remodeling projects done for energy efficiency were insulation upgrades, HVAC replacements, and vinyl and wood window installations.
  • Research shows that word preference does make a difference when it comes to attracting green buyers.
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Don't Be Fooled... Homeownership Is A Great Investment! [INFOGRAPHIC]

Don't Be Fooled... Homeownership Is A Great Investment! [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Harvard University's Joint Center of Housing Studies recently released the top financial & emotional reasons to own a home.
  • Owning is a good way to build up wealth that can be passed along to your family as it is usually a form of "forced savings."
  • Whether you rent or own, you are paying a mortgage. Yours when you own, your landlord's when you rent.
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Home Sales Up Year-Over-Year [INFOGRAPHIC]

Home Sales Up Year-Over-Year | Simplifying The Market

Some Highlights

  • This is the 48th consecutive month with year-over-year price gains.
  • Lawrence Yun, NAR's Chief Economist says that, "The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers."
  • Inventory is still below historic norms at a 4.4 month supply.
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Existing Home Sales Inch Up In January [INFOGRAPHIC]

Exising Home Sales Inch Up In January [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing Home Sales rose to an annual rate of 5.47 million, representing an 11% increase year-over-year.
  • Inventory levels remain below the 6-month supply needed for a normal market at a 4.0-month supply.
  • Lawrence Yun, NAR's Chief Economist, warns: "The spring buying season is right around the corner and current supply levels aren't even close to what's needed to accommodate the subsequent growth in housing demand."
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How Do You Know If You've Found Your 'Perfect Match'? [INFOGRAPHIC]

How Do You Know If You've Found Your 'Perfect Match'? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Every agent brings a different set of skills & specialties to their clients.
  • It is important to find an agent who you can trust to guide you through the entire process step-by-step.
  • Having a conversation about your goals & expectations will not only save you unneeded frustration, but will also make the transaction as smooth as possible.

Where Are Americans Moving? [INFOGRAPHIC]

Where Are Americans Moving? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • For the 4th year in a row the Northeast saw a concentration of High Outbound activity.
  • Oregon held on to the top stop of High Inbound states for the 3rd year in a row.
  • Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring.
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Should I Buy Now Or Wait Until Next Year? [INFOGRAPHIC]

Should I Buy Now Or Wait Until Next Year? [INFOGRAPHIC] | Simplifying The Market

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.
  • CoreLogic predicts home prices to appreciate by 5.3% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!