Monday, February 3, 2020 / by Andy Mandel
Thursday, December 26, 2019 / by Andy Mandel
From our family to yours, we hope you have a very happy and, more importantly, healthy 2020. In 2019, we were able to help 68 families buy or sell a home, and our goal for 2020 is to boost that number all the way up to 100. If you know anyone who’s planning on buying or selling in the new year, send them our way. We’d love to be their resource. If you have any real estate resolutions for 2020 (refinancing, home improvements, etc.), I’d love to be a resource for you as well, so don’t hesitate to reach out to me. Thanks for your support, and have a happy New Year.
Tuesday, March 27, 2018 / by Andy Mandel
Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).
The map below was created after asking the question: “How would you rate buyer traffic in your area?”
The darker the blue, the stronger the demand for homes in that area. Only four states had a ‘stable’ demand level.
The index also asked: “How would you rate seller traffic in your area?”
As you can see from the map below, 25 states reported ‘weak’ seller traffic, 21 states reported ‘stable’ seller traffic, 3 states and Washin ...
Tuesday, March 13, 2018 / by Andy Mandel
One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from December 2012 to December 2017 to show how prices over the last five years have fared.
Frank Nothaft, Chief Economist at CoreLogic, commented on the importance of breaking out the data by state,
“Homeowners in the United States experienced a run-up in prices from the early 2000s to 2006, and then saw the trend reverse with steady declines through 2011. After finally reaching bottom in 2011, home prices began a slow rise back to where we are now.
Greater demand and lower supply – as well as booming job ...
Friday, November 17, 2017 / by Andy Mandel
Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust.
As we can see, the percentage necessary is less now than in those time periods.
The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states. ...