Susan Smither - Simply Great Real Estate

New Home Friday 09-14-2019
  • Post By : Susan Smither - Simply Great Real Estate

Home Sales Expected to Continue Increasing In 2020
  • Post By : New Home Ambassador

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020.

Below is a chart depicting the projections of each entity for 2019, as well as for 2020.

...

New Home Friday 09-06-2019
  • Post By : Susan Smither - Simply Great Real Estate

New Home Friday 08-29-2019
  • Post By : Susan Smither - Simply Great Real Estate

A Great Way To Increase Your Family’s Net Worth
  • Post By : New Home Ambassador

 

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.

The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

...

New Home Friday 08-20-2019
  • Post By : Susan Smither - Simply Great Real Estate

American Confidence In Housing At An All-Time High
  • Post By : New Home Ambassador

Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and forward-looking expectations of housing market conditions.

...

Millionaire To Millennials: The Costly Mistake Of Not Buying Now
  • Post By : New Home Ambassador

 

On his personal website, self-made millionaire David Bach makes a striking statement:

“Not prioritizing homeownership is the single biggest mistake millennials are making.”

...

New Home Friday 08-04-2019
  • Post By : Susan Smither - Simply Great Real Estate

3 Powerful Reasons to Buy a Home Now
  • Post By : New Home Ambassador

Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today.

  1. Affordability

Many people focus solely on price when talking about home affordability. Since home prices have appreciated throughout the past year, they assume homes are less affordable. However, affordability is determined by three components:

  • Price
  • Wages
  • Mortgage Interest Rate

Prices are up, but so are wages – and interest rates have recently dropped dramatically (see #2 below). As a result, the National Association of Realtors’ (NAR) latest Affordability Index report revealed that homes are MORE affordable throughout the country today than they were a year ago.

“All four regions saw an increase in affordability from a year ago. The South had the biggest gain in affordability of 6.9%, followed by the West with a gain of 6.0%. The Midwest had an increase of 5.8%, followed by the Northeast with the smallest gain of 1.8%.”

  1. Mortgage Interest Rates...

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