TerrasolOC.com Get Orange County Real Estate News & Updates

Orange County's Real Estate News & Updates

Get Orange County Real Estate News & Updates.

Presented by…
REMAX-Terrasol---Proud-Sponsor-of-TerrasolOC.com
[featured-img][mashshare]

Recent Posts…

TOC Buyers Post Template

TOC Buyers Post Template [featured-img][mashshare] [foobar] PART ONE SECTION HERE FREE REGISTRATION: Discover your home's market value. It's Fast & Accurate. Simply enter your address and let us know where to email it on the next page.  PART 2 SECTION HERE Additional Posts You May Be Interested In... Boomerang Buyers: Most Qualify for Financing in 2-3 YearsAccording to a new ...

TOC Seller Post Template

TOC Seller Post Template [featured-img][mashshare] [foobar] PART ONE SECTION HERE FREE REGISTRATION: Discover your home's market value. It's Fast & Accurate. Simply enter your address and let us know where to email it on the next page.  PART 2 SECTION HERE Additional Posts You May Be Interested In... Are You Aware of How Much Equity You Have in Your Home? ...

Boomerang Buyers: Most Qualify for Financing in 2-3 Years

According to a new study from Lending Tree, Americans who have filed for bankruptcy may be able to rebuild enough credit to qualify for a home loan in as little as 2-3 years.

FREE REGISTRATION: Discover your home’s market value. It’s Fast & Accurate. Simply enter your address and let us know where to email it on the next page. 

More Posts You Might Be Interested In…

Home Prices: The Difference 5 Years Makes

Every day, thousands of homeowners regain positive equity in their homes. Some homeowners are now experiencing values even higher than before the Great Recession.

Competition is Coming, Are You Thinking of Selling Your Home?

This rise in single-family housing construction will help tame home price growth, and the increase in multifamily units should continue to help slow rent growth. This is good news for the housing market

Latest NAR Data Shows Now Is a Great Time to Sell

We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house.

2 Ways to Get the Most Money from The Sale of Your Home

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house?

Here are two keys to ensure that you get the highest price possible.

Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO.’

Where Are Mortgage Interest Rates Headed in 2018?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Low Inventory Causes Home Prices to Maintain Fast Growth

Low Inventory Causes Home Prices to Maintain Fast Growth [featured-img][mashshare] [foobar] The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. ...

Why Sell Now Instead of Later? The Buyers are Out Now

Why Sell Now Instead of Later? The Buyers are Out Now [featured-img][mashshare] [foobar] Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently released data suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals ...

Thinking About Buying? Know Your Credit Score

Thinking About Buying? Know Your Credit Score [featured-img][mashshare] [foobar] Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. Make sure all the information listed on your report is accurate and work to correct any ...

Renting or Buying… Either Way, You’re Paying Someone’s Mortgage

Renting or Buying… Either Way, You’re Paying Someone’s Mortgage [featured-img][mashshare] [foobar] There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small ...

How to Save on a Mortgage Payment Whether Buying or Selling

How to Save on a Mortgage Payment Whether Buying or Selling [featured-img][mashshare] [foobar] In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains: “Since we started keeping track in 2012, it’s been a better deal to buy than rent in America’s ...

Millennials Flock Towards Low Down Payment Programs

Millennials Flock Towards Low Down Payment Programs [featured-img][mashshare] [foobar] A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%. An article by Chase points to a new wave of millennial homebuyers: “We teamed up with ...

Hiring an Agent to Sell Your House May Cost You NOTHING!

Hiring an Agent to Sell Your House May Cost You NOTHING! [featured-img][mashshare] [foobar] There is no doubt that it is easier to sell your house when using the services of a local real estate professional. The agent will provide: Greater exposure to more buyers The skills of a professional negotiator A layer of protection from possible legal liabilities Professional guidance ...

Moving-Up to a Luxury Home? Now’s the Time!

Moving-Up to a Luxury Home? Now’s the Time! [featured-img][mashshare] [foobar] If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control.  The inventory of homes for sale in the ...

Buying Remains Cheaper Than Renting in 39 States!

Buying Remains Cheaper Than Renting in 39 States! [featured-img][mashshare] [foobar] In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the ...

Which Homes Have Increased in Value the Most?

Which Homes Have Increased in Value the Most? [featured-img][mashshare] [foobar] Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke appreciation down ever further into ...

You Don’t Want to Hear This from Your Listing Agent

You Don’t Want to Hear This from Your Listing Agent [featured-img][mashshare] [foobar] You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to: Set the market value on possibly the largest asset your family owns (your home) Set the time schedule for the successful ...

The Truth About Homeowner Equity

The Truth About Homeowner Equity [featured-img][mashshare] [foobar] A recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance. But we want to ...

A Tale of Two Markets: A 6-Month Update

A Tale of Two Markets: A 6-Month Update [featured-img][mashshare] [foobar] Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s ...

Thinking of Selling your Home? Competition is Coming

Thinking of Selling your Home? Competition is Coming [featured-img][mashshare] [foobar] The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last ...

What to Look for in Your Real Estate Team

What to Look for in Your Real Estate Team [featured-img][mashshare] [foobar] How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should ...

More Than Half of All Buyers Are Surprised by Closing Costs

More Than Half of All Buyers Are Surprised by Closing Costs [featured-img][mashshare] [foobar] According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned ...

How to Get the Most Money from the Sale of Your Home

How to Get the Most Money from the Sale of Your Home [featured-img][mashshare] [foobar] Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE ...

Top 5 Reasons Why Millennials Choose to Buy

Top 5 Reasons Why Millennials Choose to Buy [featured-img][mashshare] [foobar] Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to ...

Lack of Existing Home Inventory Slows Sales Heading into Fall

Lack of Existing Home Inventory Slows Sales Heading into Fall [featured-img][mashshare] [foobar] FREE REGISTRATION: Discover your home's market value. It's Fast & Accurate. Simply enter your address and let us know where to email it on the next page.  Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 31% of all sales ...

More Americans Say Now is a Good Time to Sell!

More Americans Say Now is a Good Time to Sell! [featured-img][mashshare] [foobar] Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it was this time last year. Overall, ...

Why Are So Few Homes for Sale?

Why Are So Few Homes for Sale? [featured-img][mashshare] [foobar] There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the current lack of supply. ...

Home Sales Expected to Increase Nicely in 2018

Home Sales Expected to Increase Nicely in 2018 [featured-img][mashshare] [foobar] Freddie Mac, Fannie Mae, and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is projecting in sales for the remainder of this year and the next. As we can see, each entity is projecting sizable increases in home sales ...

5 Reasons to Sell This Fall

5 Reasons to Sell This Fall [featured-img][mashshare] [foobar] Here are five reasons listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market ...

Report: Home Ownership Is a Precondition of the American Dream

Report: Home Ownership Is a Precondition of the American Dream [featured-img][mashshare] [foobar] Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.” Americans ranked “owning a home I love” higher than any other options ...

Happily Ever Homeowner

Happily Ever Homeowner [featured-img][mashshare] [foobar] Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. Many couples are deciding ...

Looking for Your Dream Home? Know What You Want vs. What You Need

Looking for Your Dream Home? Know What You Want vs. What You Need [featured-img][mashshare] [foobar] In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve ...

4 Reasons to Buy a Home This Fall!

4 Reasons to Buy a Home This Fall! [featured-img][mashshare] [foobar] Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over ...

How Supply and Demand Impacts Real Estate Home Values

How Supply and Demand Impacts Real Estate Home Values [featured-img][mashshare] [foobar] FREE REGISTRATION: Discover your home's market value. It's Fast & Accurate. Simply enter your address and let us know where to email it on the next page.  Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply ...

America Needs Your House!!

America Needs Your House!! [featured-img][mashshare] [foobar] The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The underlying fundamental issue is an overwhelming lack of supply… The supply of newly constructed ...

Homeowners: Do You Know Your Home’s Value?

Homeowners: Do You Know Your Home’s Value? [featured-img][mashshare] [foobar] The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,  “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great ...

How Your Home’s Value Grows Your Family’s Wealth

How Your Home’s Value Grows Your Family’s Wealth [featured-img][mashshare] [foobar] Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a ...

14,904 Homes Sold Yesterday… Did Yours?

14,904 Homes Sold Yesterday… Did Yours? [featured-img][mashshare] [foobar] There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly. After all, 14,904 houses sold yesterday, 14,904 will sell ...

Empty Nesters: Best to Remodel or Time to Sell?

Empty Nesters: Best to Remodel or Time to Sell? [featured-img][mashshare] [foobar] Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based ...

Where Are Home Prices Heading in The Next 5 Years?

Where Are Home Prices Heading in The Next 5 Years? [featured-img][mashshare] [foobar] Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are ...

Number of Buyers Putting Down Less Than 10% Hits 7-Year High

Number of Buyers Putting Down Less Than 10% Hits 7-Year High [featured-img][mashshare] [foobar] According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to ...

Don’t Disqualify Yourself … 52% of Approved Loans Have A FICO® Score Under 750

Don’t Disqualify Yourself … 52% of Approved Loans Have A FICO® Score Under 750 [featured-img][mashshare] [foobar] The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that ...

Study: FSBOs Don’t Save Real Estate Commission

Study: FSBOs Don’t Save Real Estate Commission [featured-img][mashshare] [foobar] One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in some ...

Want to Keep up with the Joneses? Now’s the Time

Want to Keep up with the Joneses? Now’s the Time [featured-img][mashshare] [foobar] Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other ...

More Boomerang Buyers Are about to Enter the Market

More Boomerang Buyers Are about to Enter the Market [featured-img][mashshare] [foobar] We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans ...

Why Is It Important to Use a Professional to Sell Your Home?

Why Is It Important to Use a Professional to Sell Your Home? [featured-img][mashshare] [foobar] When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all ...

To Stage…or Not to Stage? That Is the Question! [INFOGRAPHIC]

To Stage…or Not to Stage? That Is the Question! [INFOGRAPHIC] [featured-img][mashshare] [foobar] Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as ...

58% of Homeowners See a Drop in Home Values Coming

58% of Homeowners See a Drop in Home Values Coming [featured-img][mashshare] [foobar] According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very ...

Sellers: Your Home is an Oasis in an Inventory Desert

Sellers: Your Home is an Oasis in an Inventory Desert [featured-img][mashshare] [foobar] First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand! According ...

Homes Are Selling Quickly Nationwide

Homes Are Selling Quickly Nationwide [featured-img][mashshare] [foobar] The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago. 54% of homes across the country ...

Home Owner’s Net Worth Is Still Greater Than a Renter’s

Home Owner’s Net Worth Is Still Greater Than a Renter’s [featured-img][mashshare] [foobar] Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter($194,500 vs. $5,400).  The latest survey data, covering ...

What State Gives You the Most ‘Bang for Your Buck’?

What State Gives You the Most ‘Bang for Your Buck’? [featured-img][mashshare] [foobar] Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national ...

Hey, Millennial Home Owners!! It May Be Time to Sell.

Hey, Millennial Home Owners!! It May Be Time to Sell. [featured-img][mashshare] [foobar] Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise. Many Millennials took ...

Housing Inventory Hits 30-Year Low

Housing Inventory Hits 30-Year Low [featured-img][mashshare] [foobar] Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their ...

93.9% Of Homes in The US Have Positive Equity

93.9% Of Homes in The US Have Positive Equity [featured-img][mashshare] [foobar] CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.  The study also revealed that: Roughly 63% of all homeowners have seen ...

How Long Do Most Families Stay in Their Home?

How Long Do Most Families Stay in Their Home? [featured-img][mashshare] [foobar] The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over ...

Millennial Home Ownership Rate Increases

Millennial Home Ownership Rate Increases [featured-img][mashshare] [foobar] Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to ...

Inventory Drops Again, Sales Slow [INFOGRAPHIC]

Inventory Drops Again, Sales Slow [INFOGRAPHIC] [featured-img][mashshare] [foobar] FREE REGISTRATION: Discover your home's market value. It's Fast & Accurate. Simply enter your address and let us know where to email it on the next page.  Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4.3-month supply, marking ...

Do Your Future Plans Include a Move? What’s Stopping You from Listing Now?

Do Your Future Plans Include a Move? What’s Stopping You from Listing Now? [featured-img][mashshare] [foobar] Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your style? Are you close to retirement and not ready to move yet, but living in a home that is too big in size and maintenance ...

Be Careful Not to Get Caught in The Rental Trap!

Be Careful Not to Get Caught in The Rental Trap! [featured-img][mashshare] [foobar] There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a ...

Buyer Demand Continues Outpacing the Supply of Homes for Sale

Buyer Demand Continues Outpacing the Supply of Homes for Sale [featured-img][mashshare] [foobar] The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the ...

A ‘Buyer’ in Hand is Worth Two in the Bush

A ‘Buyer’ in Hand is Worth Two in the Bush [featured-img][mashshare] [foobar] In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or ...

Rising Home Prices Mean Great News for Homeowners

Rising Home Prices Mean Great News for Homeowners [featured-img][mashshare] [foobar] Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices ...

U.S. Housing Inventory Hits a New Low… List Your House TODAY!

U.S. Housing Inventory Hits a New Low… List Your House TODAY! [featured-img][mashshare] [foobar] Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home. Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT ...

5 Reasons You Should Sell This Summer

5 Reasons You Should Sell This Summer [featured-img][mashshare] [foobar] Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR)shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in ...

Singles Are Falling for Their Dream Home First [INFOGRAPHIC]

Singles Are Falling for Their Dream Home First [INFOGRAPHIC] [featured-img][mashshare] [foobar] Some Highlights: According to NAR’s Profile of Home Buyers & Sellers, the share of recent home buyers who were single at the time of purchase held steady at 24% last year. The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of ...

84% of Americans Believe Buying a Home is a Good Financial Decision

84% of Americans Believe Buying a Home is a Good Financial Decision [featured-img][mashshare] [foobar] According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe ...

3 Tips to Succeed in Today’s Real Estate Market

3 Tips to Succeed in Today’s Real Estate Market [featured-img][mashshare] [foobar] In today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home. The 3 tips we are going to expand on today ...

Thinking of Selling? You Should Act NOW!

Thinking of Selling? You Should Act NOW! [featured-img][mashshare] [foobar] If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to ...

3 Questions to Ask Before You Buy Your Dream Home

3 Questions to Ask Before You Buy Your Dream Home [featured-img][mashshare] [foobar] If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. ...

Home Buying Myths Slayed [INFOGRAPHIC]

Home Buying Myths Slayed [INFOGRAPHIC] [featured-img][mashshare] [foobar] Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall. FREE REGISTRATION: Discover your home's market value. It's Fast & Accurate. Simply enter your address and let us know where to email ...

The 5 Greatest Benefits of Homeownership

The 5 Greatest Benefits of Homeownership [featured-img][mashshare] [foobar] Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.” Homeownership can help you build equity over time. Your monthly payments will remain stable. You may have some tax benefits. You can take pride in ownership. Homeownership improves your ...

Homeowners: Your Home Must Be Sold TWICE

Homeowners: Your Home Must Be Sold TWICE [featured-img][mashshare] [foobar] In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, ...

The High Impact of Low Interest Rates on Your Purchasing Power

The High Impact of Low Interest Rates on Your Purchasing Power [featured-img][mashshare] [foobar] According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts ...

5 Reasons Why You Should Not For Sale By Owner!

5 Reasons Why You Should Not For Sale By Owner! [featured-img][mashshare] [foobar] In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority ...

The Importance of Using a Professional to Sell Your Home

The Importance of Using a Professional to Sell Your Home [featured-img][mashshare] [foobar] When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all ...

Median Days on the Market Drops to 27! [INFOGRAPHIC]

Median Days on the Market Drops to 27! [INFOGRAPHIC] [featured-img][mashshare] [foobar] FREE REGISTRATION: Discover your home's market value. It's Fast & Accurate. Simply enter your address and let us know where to email it on the next page.  Some Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength ...

Epic Housing Shortage Being Reported

Epic Housing Shortage Being Reported [featured-img][mashshare] [foobar] The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new construction. Regarding Existing Home Inventory: “For ...

Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate

Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate [featured-img][mashshare] [foobar] Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point ...

Your Opportunity to Achieve the American Dream Keeps Getting Better!

Your Opportunity to Achieve the American Dream Keeps Getting Better! [featured-img][mashshare] [foobar] Forbes.com recently released the latest results of their American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, ...

NAR Data Shows Now Is a Great Time to Sell!

NAR Data Shows Now Is a Great Time to Sell! [featured-img][mashshare] [foobar] We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell ...

75% of Homeowners Think Now is a Good Time to Sell!

75% of Homeowners Think Now is a Good Time to Sell! [featured-img][mashshare] [foobar] The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like, “if now is a good time to buy or sell a home, the perception of home price changes, perceived ability to ...

Existing Home Sales Surge into Summer

Existing Home Sales Surge into Summer [featured-img][mashshare] [foobar] Some Highlights: Existing Home Sales reached their third-highest mark this year in May. Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines. NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably ...

Pre-Approval Should Always Be Your First Step

Pre-Approval Should Always Be Your First Step [featured-img][mashshare] [foobar] In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to ...

Do You Know How Much Equity You Have in Your Home?

Do You Know How Much Equity You Have in Your Home? [featured-img][mashshare] [foobar] CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s ...

2 Myths Holding Back Home Buyers

2 Myths Holding Back Home Buyers [featured-img][mashshare] [foobar] In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to ...

The Cost of Renting vs. Buying in the US [INFOGRAPHIC]

The Cost of Renting vs. Buying in the US [INFOGRAPHIC] [featured-img][mashshare] [foobar] Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious. Every market is different. ...

The Importance of Home Equity in Retirement Planning

The Importance of Home Equity in Retirement Planning [featured-img][mashshare] [foobar] We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they ...

Are Home Prices Approaching Bubble Territory?

Are Home Prices Approaching Bubble Territory? [featured-img][mashshare] [foobar] As home values continue to rise, some are questioning whether we are approaching another housing bubble.Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, we must realize that just ...

The TRUTH Behind the RENT vs. BUY Debate

The TRUTH Behind the RENT vs. BUY Debate [featured-img][mashshare] [foobar] In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual ...

What Are the Experts Saying about Mortgage Rates

What Are the Experts Saying about Mortgage Rates [featured-img][mashshare] [foobar] Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying: Laurie Goodman, Co-director of the Urban Institute’s Housing Finance Policy Center: “In 1984, ...

TerrasolOC - Download Our Free Home Buyer's Guide Here