Pricing | Chuck Norsch, CMPS, MBA

Where Homebuyers Are Heading By Generation [INFOGRAPHIC]

by Chuck Norsch | Jan 17, 2020 | Baby Boomers, Demographics, For Buyers, For Sellers, Generation X, Infographics, Millennials, Pricing

Some Highlights: Whether capitalizing on job opportunities, affordability, or warm-weather places to retire, Americans are making moves to these top cities to take advantage of the strength in the current housing market. A strong economy and lower mortgage rates have...

Homes Are More Affordable Today, Not Less Affordable

by Chuck Norsch | Jan 15, 2020 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, however, just the price of a home...

The 2020 Real Estate Projections That May Surprise You

by Chuck Norsch | Jan 2, 2020 | For Buyers, For Sellers, Housing Market Updates, Pricing

This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As...

2020 Forecast Shows Continued Home Price Appreciation

by Chuck Norsch | Dec 23, 2019 | Housing Market Updates, Pricing

Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year:Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed...

Have You Budgeted for Closing Costs?

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...

Forget the Price of the Home. The Cost is What Matters.

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...