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Is the Housing Market Bullish?

The housing market is not very different from the stock market and it also has its ups and downs. However, many people believe there is a predictable annual seasonal cycle in the housing sector, and they are not off the mark. In the coming months, as the cold weather turns warmer and the spring flowers make their first appearance, you can expect to see a “bullish” housing market characterized by a hopeful and buoyant buyer base. There is a biting lack of inventory in the market at present, leading to the slowness in the market. If you subscribe to the view that there is a discernible seasonal variation in the housing market, then you can expect to see more activity in the spring. Buyer demand is traditionally at its lowest in the winter months. This is especially true of regions that endure a severe winter season with sub-zero temperatures, simply …

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Study Shows Again Home Ownership to be a Better Way of Accumulating More Wealth

According to the latest national index report produced by Florida International University and Florida Atlantic University faculty, real estate market in the country remains in buy territory. Beracha, Hardin III and Johnson (BH&J) Buy vs. Rent home price Index has revealed that home prices climbed by about 5.4 percent in December 2015 as compared to the previous year. This price rise rate is the fastest since July 2014. Therefore, homeowners have a lucrative opportunity to accumulate more wealth, on average, than renters. BH&J examined the entire United States’ housing market, as well as the real estate market trends of 23 key cities and compared the data with, FAU reported. The researchers employed a horse race contrast between an individual who is buying a house and a person who rents a comparable quality residence and reinvests the money on bonds and stocks. Ken Johnson, a Professor at FAU and Real Estate …

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The Difference an hour makes in the United States Housing Market

Perhaps you already know an extra hour of sleep can make a huge difference. In the same way, an hour in the housing market makes a difference. Each hour in the United States will register sales of approximately 624 homes, 118 homes will regain positive equity, and the value of median homes will go up by $1.84. For a home seller/owner, this is clearly good news that each hour your property will regain positive equity. For home buyers, this means that the more you delay, the more the payment for your home. Since 2007, 2015 was the best year in the housing market, and the projections here are that 2016 will be even better. With the US economic growth chugging along, the rate of employment will keep increasing. That means that home buyers will have more funds coming in, and they will have the power to upgrade to a new …

House Hunting Made Easy(Er) With These Simple Tips

Purchasing the piece of real estate that is right for you will always be filled with tough decisions and compromises. You may not always get what you want or it won’t be in your price range. Don’t let it all get you down. The tips in this article can serve as a great starting guideline to help put you on the right path to purchasing the property that is right for your needs. When you are interested in buying a home you should always know your credit score. Keep on eye on your credit report so that you will know if anything unusual pops up. If something on your report wasn’t paid or there is a error, it can affect your credit score. Even the littlest thing can cost you points and you don’t want to be turned down for a loan because of 2 points. For more information, check …

Your Home’s November Honey-Do List

Prep your home for the holidays and cooler weather with this list of home to dos that you’ll be especially thankful for. VICTORIA KEICHINGER NOV 3, 2015 This month, we’re especially thankful for home. Home is where the family comes together, where we’re protected from the elements, and where love abounds. Your home’s November Honey-Do list will make sure your home is ready for the holidays, prepared for colder weather and loved inside and out. 1. Winterize your home – For most of the country, November is the time when we can no longer deny that the colder weather has settled in. Now is the time to winterize summer tools and appliances like air conditioner units, grills and lawn mowers. Bring garden hoses indoors and check your windows and doors for drafts. 2. Make a Turkey Game Plan – No coach would head to a big game without a game plan up his …

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Worried About Financing? Perhaps These Tips Can Help

Embed from Getty Images There’s something special about having a home to call your own… From the time you begin your hunt to the moment you put keys into the door of your new home, there’s a range of experiences and emotions, which is completely normal. But it’s not always positive – especially when anticipation causes anxiety that prevents us from taking the first steps. To be clear, anxiety can be part of the normal spectrum. Purchasing a home can be a scary experience. Especially for those who haven’t gone through the process before. When we buy a house for the first time, there is a lot of new. New paperwork, new regulations, new bills, etc. That alone can be overwhelming. But it’s also incredibly rewarding. Unfortunately, many renters don’t make it that far… According to this survey conducted by the National Association of Realtors in the fourth quarter of …

With Elevated Home Prices Do We Expect a Bubble?

In the last five years, home prices across the country have been increasing by leap and bounds. According to the Economist, a 17% increase has been witnessed in the last three years alone. The rising prices have raised concern among some speculators and analysts that we might be headed for a housing bubble. “Should we then be worried of the home market crash?” the answer is no. Unlike the previous housing boom, which was encouraged by a lenient lending system, the rise in home values today is as a result of the forces of demand and supply. Simply put, there are many buyers on the market than there are sellers. According to a home sales report by the National Association of Realtors, the constrained housing supply is as a result of low inventory levels. The report indicates a four-month supply of inventory which means a less than four month period …