- Because of a small decline earlier this year, the median rent nationwide is now down 0.2 percent from September 2017 – about $3 a month.
- Rents last turned down in July 2012, then climbed steadily to peak growth of 6.6 percent in July 2015.
- After reaching recovery-era peak growth of 8 percent year-over-year growth in March, April and June of this year, home value growth now has slowed for three months in a row. Home values rose 7.6 percent year-over-year in September, to a U.S. median of $220,100.
- September existing home sales fell 4.1 percent from a year ago and 3.4 percent from August, to 5.15 million sales (seasonally adjusted), according to the National Association of Realtors.
- The median (seasonally adjusted) price of existing homes sold in September was $258,600, up 4.6 percent from a year earlier — marking the 79th straight month of year-over-year gains.
- Inventory stood at 1.79 million existing homes for sale, down 0.9 percent from August and up 1.1 percent from a year ago.
| Sep 13, 2018
Buying a house takes time, patience, and careful planning. But because this process has so many moving parts, sometimes buyers miss crucial steps—and it can cost them big-time.
To help clue you in to these oft-overlooked tasks, we asked real estate experts to reveal some of the more surprising home-buying moves you may not realize you have to do. Keep these actions on your radar so you don’t miss out on your dream home for a dumb reason that could have been nipped in the bud, had you only known it was part of the deal.
Continue reading “Whoops! 4 Home-Buying Moves You May Not Realize You Have to Do”
Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position.
There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped
A recent article by Apartment List addressed rising rents by stating:
Continue reading “Rents Are on The Rise: Don’t Get Caught in The Rental Trap!”
There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a mortgage.