Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics' most recent Home Pric...
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March
1
1
Over Half of All Buyers Are Surprised by Closing Costs
According to a recent 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 by how much higher the fees were than expected.
"Homebuyers reported being m...
February
27
27
Where Are the Home Prices Heading in the Next 5 Years?
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 headed over the next five years. They then average the projections of all 100+ experts into a single number.
The results of their latest survey:
Home values will appreciate b...
February
24
24
Existing Homes Sales Reach Highest Mark Since 2007
![Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2017/02/23135530/2.24-EHS-Report-STM-1046x1354.jpg)
Highlights:
- Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
- January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
- NAR's Chief Economist, Lawrence Yun had this to say, "Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home."
February
23
23
The Impact of Homeownership on Family Health
The National Association of Realtors recently released a study titled 'Social Benefits of Homeownership and Stable Housing.' The study confirmed a long-standing belief of most Americans:
"Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis for a number of pos...