The Federal Reserve Bank of New York recently released the 2015 SCE Housing Survey. The survey revealed that most current renters would prefer owning and that 61.9% of them plan to buy a home within the next five years. (more…)
Where Will Mortgage Rates Be in 12 Months?
One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year. Over the last two months, rates have begun to creep up (see chart). (more…)
![Mortgage Rates Over The Last 40 Years [INFOGRAPHIC] | Simplifying The Market](https://files.simplifyingthemarket.com/wp-content/uploads/2015/05/01162520/Interest-Rates-STM.jpg)
The #1 Reason to Buy Right Now – THE MONEY!!
People often ask whether they should buy a home now or wait. Recently released data suggests that waiting may not make sense as prices seem to again be on the rise. Let’s take a look at some of the data and commentary on the subject:
Guess Where Residential Rents are Heading?
Each month, many people are faced with the decision of renewing their rental lease for another year or purchasing their first home. One of the questions that must be answered before they make a decision is – “Where are rents headed?”
5 Reasons You Shouldn’t For Sale By Owner
In today’s market, with homes selling quickly and prices rising some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers.
Today Kicks Off National Homeownership Month!
National Homeownership Month actually started as a week-long celebration of homeownership during the Clinton administration in 1995. In 2002, President George W. Bush proclaimed June as the National Homeownership Month. Here is an excerpt from his proclamation:
Buyer Demand Exceeds Housing Supply [INFOGRAPHIC]
![Buyer Demand Exceeds Buyer Demand [INFOGRAPHIC] | Simplifying The Market](https://files.simplifyingthemarket.com/wp-content/uploads/2015/05/01162515/EHS-APRIL-STM.jpg)
Some Highlights:
- Inventory Levels are still below the 6.0 month level necessary for a normal market
- Home Prices have experienced year-over-year gains for 38 straight months
- Home sold faster than any time since June 2013, in just 39 days