by Lum Hugh

How's the Real Estate Market? Find Out What the Experts Are Saying | Simplifying The MarketAs we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying: Doug Duncan, Fannie Mae Chief Economist “Positive demographic factors should continue to reshape the housing market, as rising employment and incomes appear to be positively influencing […]

Posted in For Buyers, For Sellers, Housing Market Updates

by Lum Hugh

More Americans Chose to Own a Home Than Rent in Q1 | Simplifying The MarketAccording 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 […]

Posted in First Time Home Buyers, For Buyers

by Lum Hugh

Is Now a Good Time to Rent? | Simplifying The MarketPeople 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 […]

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

by Lum Hugh

5 Reasons to Hire a Real Estate Professional When Buying or Selling! | Simplifying The MarketWhether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or […]

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

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

by Lum Hugh

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 […]

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

by Lum Hugh

Selling Your Home? Is Your Listing ‘Pet-Friendly’? | Simplifying The MarketOne of the many benefits of owning your own home is the freedom to find your ‘furever’ friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract these buyers rather than alienate the 61% of American households that have a pet! If you are one of the […]

Posted in For Sellers

by Lum Hugh

4 Tips for Effectively Making an Offer | Simplifying The MarketSo, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true! Freddie Mac covered “4 […]

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

by Lum Hugh

Do You Know the Cost of NOT Owning Your Home? | Simplifying The MarketOwning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “With Rents continuing to climb and interest rates staying low, many […]

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

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