Category: Infographics

Jul
21
2017
July 21st, 2017 by Lum Hugh

Singles Are Falling for Their Dream Home First [INFOGRAPHIC] | Simplifying The Market


Some Highlights:

  • According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
  • The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
  • The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).

Posted in First Time Home Buyers, For Buyers, Infographics

Jul
07
2017
July 7th, 2017 by Lum Hugh


Some Highlights:

  • The National Association of REALTORS® surveyed their members for their monthly Confidence Index.
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than a month in 24 out of 50 states, and Washington D.C.
  • Homes typically went under contract in 27 days in May!

Posted in For Buyers, For Sellers, Infographics

Jun
30
2017
June 30th, 2017 by Lum Hugh

 

Some Highlights:

  • Existing Home Sales reached their third highest mark this year in May.
  • Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines.
  • NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”

Posted in For Buyers, For Sellers, Housing Market Updates, Infographics

Jun
23
2017
June 23rd, 2017 by Lum Hugh

The Cost of Renting vs. Buying in the US [INFOGRAPHIC] | Simplifying The Market


Some Highlights:

  • Historically, the choice between renting or buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

Posted in First Time Home Buyers, For Buyers, Infographics

Jun
16
2017
June 16th, 2017 by Lum Hugh

 

Some Highlights:

  • Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI).
  • While big projects like adding a bathroom or a complete kitchen remodel are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.
  • For more information about top renovation projects that net you the most ROI, you can check out the complete list here.

Posted in First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers

Jun
09
2017
June 9th, 2017 by Lum Hugh

The Impact Your Interest Rate Makes [INFOGRAPHIC] | Simplifying The Market


Some Highlights:

  • Interest rates have come a long way in the last 30 years.
  • The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
  • Interest rates are at their lowest in years… RIGHT NOW!
  • If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act!

Posted in First Time Home Buyers, For Buyers, For Sellers, Infographics, Interest Rates, Move-Up Buyers

Jun
02
2017
June 2nd, 2017 by Lum Hugh

 

Some Highlights:

  • 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality.
  • The top item that buyers sacrifice is new clothes, at 54%.
  • Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car to buy their last home.

Posted in First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers

May
26
2017
May 26th, 2017 by Lum Hugh

 

Some Highlights:

  • After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories.
  • Median existing home prices surged for the 62nd straight month, up 6.0% over last year to $244,800.
  • New home prices slowed as builders have started to turn their focus toward single family, smaller homes.

Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

May
19
2017
May 19th, 2017 by Lum Hugh


Some Highlights:

  • In a recent Harris Poll, Americans listed “change in climate/weather” as their top reason for wanting to relocate.
  • 41% would move for a “better job opportunity.”
  • Being closer to loved ones filled out 3 of the top 6 reasons why Americans move.

Posted in For Buyers, For Sellers, Infographics

May
12
2017
May 12th, 2017 by Lum Hugh

Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

Posted in First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers

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