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3 Generations Top Housing Market Trends

Historians like to say that those who do not learn the lessons of the past are doomed to repeat them. In the real estate industry, the chances of that happening are slim because agents and other professionals follow market trends closely. That being said, a careful examination of 2017 market trends and other factors can help highlight where the housing market is headed. Consider these top trends when deciding about whether to buy or sell a property. Millennials Scooping Up Homes According to resources such as Zillow, the low inventory and emergence of Millennials in the home-buying market helped break…
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What’s Ahead For Mortgage Rates This Week – July 23rd, 2018

Last week’s scheduled economic releases included readings from the National Association of Home Builders and Commerce Department readings on housing starts and building permits issued. Weekly readings on mortgage rates and new jobless claims were also released NAHB Housing Market Index Unchanged in July The National Association of Home Builders Housing Market Index held steady in July despite concerns connected with tariffs on building materials. Analysts said that high demand for homes continued to fuel builder confidence in housing market conditions, but some analysts said that housing market conditions may be at or near peak. Builder confidence in current market…
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Home Buying: Repair Requests After A Home Inspection

The perfect home has been found, the one in the right neighborhood with the right amount of bedrooms and bathrooms. The home inspection is complete, but a few issues have been found. At this point, a home buyer has decisions to make.  What Repair Requests Can Be Made After a Home Inspection? Structural defects found during a home inspection are the responsibility of the seller and must be fixed. In addition, Realtor.com states that the following must also be repaired by the seller: Water penetration such as mold or wet basement/crawlspace Any code and safety violations like unstable decking or…
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Surprising Things That Can Derail A Closing

Once you and the seller have negotiated an offer and you've been pre-approved for a mortgage, you might think that you are in the clear as far as your closing goes. However, that is not always the case. Many surprising things can put a halt to closing. Some may ultimately stop the closing altogether while others could simply cause a delay. Here are a few unexpected things that can derail a real estate closing: A Job Promotion  While you might know that changing employers is one way to interfere with the closing, another deal-breaker can be switching positions with your…
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Backyard Farming: Fad Or The New Future

While a kitchen herb garden or pot-grown tomatoes may be commonplace in both suburban backyards and on urban condo patios, an increasingly large number of homeowners look to backyard farming as a way to relieve some of the stresses of modern life. Other benefits include cutting grocery bills, living a more sustainable life, and teaching children about food. The New Food Landscape  Do new trends signal a return to simpler times, or are they a pushback against higher food prices and loss of control over the food supply? Is it a lasting change that will spread across the country or…
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