Buyer Agent – Eye View: North of Boston / Cape Ann
Winter tended to linger this year in our part of the country bringing a later than usual spring crop of new listings. As homes became available, pent up buyers were more than ready to make offers. And so the bidding wars began. “Affordable” single family homes...
Buyer Agent – Eye View: Cincinnati
Cincinnati, Ohio, The following information was contained in a press release from the Cincinnati Area Board of Realtors on May 22. 2014. The most recent tabulation from the Multiple Listing Service of Greater Cincinnati was for April, 2014. Year over Year for the...
Buyer Agent – Eye View: Western DC Suburbs
In the western DC suburbs, primarily Montgomery and Frederick counties, our market is always driven by what happens in the northwest DC market. This area did not experience the huge numbers of foreclosures that hit so many other parts of the country but values did...
Buyer Agent – Eye View: Greater Boston
It is folly to pretend to be able to predict any real estate market. A year ago, I got this email from Kiplinger [italics mine] June 10, 2013: Home prices soaring by 20% or more over the past 12 months. Bidding wars. Houses sold just days after the for-sale sign goes...
Buyer Agent – Eye View: Southeastern Michigan
Our agents work primarily in Washtenaw County as well as some of the suburbs Northwest and West of Detroit which are in Wayne and Oakland Counties. The Ann Arbor market is greatly influenced by the University of Michigan, the three major hospitals, and the High...
Buyer Agent – Eye View: Columbus
Columbus real estate poses opportunities, challenges to millennial home buyers According to a new survey by BMO Harris, the majority of young adults intend to become homeowners sometime within the next five years. The survey sampled adults aged 18 to 34, and debunks...
Homeowner Household Formation at 10-Year High
1.1 million new households were formed during the third quarter of 2016, according to the U.S. Census Bureau. This figure includes households formed in both rented and owner-occupied units. Out of the 1.1 million total households formed, nearly half of them were...
Consumer Confidence in Real Estate Reaches New High
More Americans think that now is a good time to buy a home, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) from February 2017. The survey of 1,000 consumers reached an all-time high of 88.3%, indicating the strongest consumer confidence in real...
Rising Rents Hamper Would-Be Home Buyers
A large portion of Americans remain burdened by rental costs, according to the 2017 State of the Nation’s Housing Report, published by the Joint Center for Housing Studies at Harvard University. The report shows that while homeowners are enjoying the benefit of rising...
Are Rising Home Prices Sign of a New Housing Bubble?
The S&P CoreLogic Case-Shiller home price index reached an all-time high during 2017, and prices are still rising in most U.S. metros. As of August, home prices in the U.S. marked a 6.1% annual gain, beating the expectations of economists. The ongoing rise of...
Housing Insecurity Pressuring More Americans
Many of today’s renters hope to become home buyers, but the escalating cost of rent is making the transition harder to accomplish. According to a recent article in Money magazine, U.S. apartment rents have jumped 18% over the past five years. Without adjusting for...