Last week's economic releases included readings on new and pending home sales, Case-Shiller index readings for September, and construction spending. Weekly readings on new jobless claims and mortgage rates were also released. Home Price Growth Driven by Shortage of Homes for Sale Case-Shiller Home Price Indices reported 6.20 percent growth in home prices year-over-year in September as compared to August's reading of 6.00 percent year-over-year growth for August. September's reading was the … [Read more...]
Win the Bidding War With Our 5 Minute Guide to Making an Offer the Seller Won’t Refuse
Ask any experienced homeowner and you'll learn that buying in a 'hot' real estate market can be challenging. A high supply of buyers competing for a low stock of available homes is a combination that can lead to bidding wars, price inflation, and other headaches. The good news: with some careful preparation and the right mindset, a bidding war is one that you can win. Read on to learn how you can beat out other bidders by making an irresistible offer. Start With Strong Representation Answer this … [Read more...]
Make 2018 the Year You Escape the ‘Rental Trap’ by Buying Your Own Home
Are you growing tired of paying rent each month and not building your net worth? Being stuck in the 'rental trap' isn't much fun, but if you are determined, you can break out. Let's explore some of the steps that you can take to make 2018 the year that you become a homeowner. Rent Money Is Lost Money First – why homeownership? As you may already understand, money spent on rent is 'lost' money. Each month you pay your rent, but you do not build any equity, own any property or get any other … [Read more...]
Case-Shiller: Home Prices Grow at Fastest Rate Since June 2014
Home prices continued to rise in September according to Case-Shiller National and 20-City home price index reports. According to the National Home Price Index, national home prices rose 0.70 percent month for the three months ending in September. The National Index regained its pre-housing bubble peak and surpassed it by 5.90 percent as of September. The 20-City Home Price Index rose 0.50 percent from August's reading. Analysts forecast a growth rate of 0.40 percent month-to-month. The 20-City … [Read more...]
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