Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.
Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values today compared to the beginning of the year? While rates have been rising,
According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home. For the study, ATTOM performed an “analysis of 14.7 million home sales from 2011 to 2017” and found the average seller premium achieved for each month of the year.
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a
There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. The Difference Between PRICE and COST The price of a home is the dollar
Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. In 2017, $188 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC.
10028 MEREDITH LANE – Huntsville AL 35803 RARE 3-bedroom 3 FULL BATH spacious condo in SE Huntsville with an attached two car garage. Each bedroom has its own full bath, linen and walk-in closet. This quiet, low turnover, 100% owner occupied neighborhood offers a pool and clubhouse. On a pretty day, you’ll want to walk
Fast Stats for February 2018 February saw 437 units sold which is only 6 less than January of this year. The average sales price was up at $218, 942 which is $6,395 higher than January. The average days on market, the time it takes from when a listing enters the market until it receives a
New Listing – OPEN SUNDAY 2-4 2996 ELK MEADOWS DRIVE Nestled in Dug Hill Estates this four bedroom home boasts extraordinary curb appeal. Beautiful hardwoods and crown molding abound. Family room has a cozy fireplace. Formal dining room opens to kitchen with granite counters, island with storage and prep space. Sunny breakfast area flows
If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed. Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home affordability over the last 40+ years (1975-2016). Their research revealed