by Chuck Norsch | Dec 9, 2019 | First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing
Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain a mortgage. What Are Closing Costs? According...
by Chuck Norsch | Nov 7, 2019 | Housing Market Updates, Interest Rates, Pricing
Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic...
by Chuck Norsch | Oct 30, 2019 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability...
by Chuck Norsch | Oct 24, 2019 | Pricing, Rent vs. Buy
Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject....
by Chuck Norsch | Oct 22, 2019 | First Time Home Buyers, For Buyers, For Sellers, Luxury Market, Move-Up Buyers, Pricing
To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. In real estate today, there are essentially three different price points in the market: the starter-home market, the...
by Chuck Norsch | Oct 3, 2019 | For Sellers, Housing Market Updates, Pricing
The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound. 1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth. 2. Pending Home...
