Posts in category 'Housing Market'

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Over Half of All Buyers Are Surprised by Closing Costs

March 1st, 2017 by Haring Realty

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...

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Categories: Housing Market

February
24

Existing Homes Sales Reach Highest Mark Since 2007

February 24th, 2017 by Haring Realty

Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC] | MyKCM

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 59^th 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."

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Categories: Housing Market

February
23

The Impact of Homeownership on Family Health

February 23rd, 2017 by Haring Realty

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...

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Categories: Housing Market

February
22

Are You 1 of the 59 Million Planning to Buy This Year?

February 22nd, 2017 by Haring Realty

According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.

The survey also revealed 3 key takeaways:

Those most likely to buy are 'Older Millennials' (ages 27-36) or 'Generation X' (ages 37-52)
Minorities, particularly African-Americans, were twice as likely to respond that...

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Categories: Housing Market

February
17

Do You Know the Real Cost of Renting vs. Buying?

February 17th, 2017 by Haring Realty

Some Highlights:

Historically, the choice between renting or buying a home has been a close decision.
Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

Categories: Housing Market

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