CorcoraN Connect Blog

With wages increasing, price appreciation moderating, and mortgage rates remaining near all-time lows, purchasing a home is a great move based on historic affordability numbers.

An increasing number of studies affirm the benefits of being part of a multigenerational household. These benefits aren't just for the grandchildren, but for the grandparents as well.

While the appraisal gap widens, another trend is also becoming more common.According to�realtor.com,��the share of homes which had their prices cut increased by 2% compared to last year�. Thirty-seven out of the 50 largest US housing markets saw an increase in overall price reductions.

Staging helps sell your home faster.��The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.�77% of buyer's agents said staging made it easier for buyers to visualize the home as their own.

The hesitation some Americans feel after experiencing a foreclosure or a short sale�brings to mind the old saying: �Fool me once- shame on you. Fool me twice- shame on me.���Recall learning to ride your first bike during your childhood. Did you stop riding it because you fell on the ground?

In today's real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren't prepared.� Read the 5 tips to help you with your decision.

Many�studies�suggest one of the main reasons for the inventory shortage in today's market of homes for sale is that older generations have chosen to �age in place� over moving.

ATTOM Data Solutions�conducted an�analysis�of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale.The top five days to list your home brought in a 10% premium over market value and are all in either May or June!

Whether buying your first home or your fifth, having a local real estate professional who is an expert in his or her market on your side is your best bet in making sure the process goes smoothly.� The steps are:��Determine Your Price,�Submit an Offer,�Negotiate the Offer,�Act Fast.

First-time home buyers have not disappeared from the market as many analysts had believed. Buying a home is very much a part of the American Dream for younger generations, just like it had been for their parents and grandparents.

�There's a supply-demand mismatch� More inventory is needed at the lower end and a price reduction may be needed at the upper end.� Says�Jessica Lautz,�Vice President�of�NAR

An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!

the U.S. economy has performed well in the first quarter of 2019 and that has caused some experts to change their thinking on an impending economic slowdown.

When you put down less than 20% to buy a home, your lender/bank will see your loan as having more risk. PMI helps them recover their investment in you if you are unable to pay your loan. This insurance is not required if you are able to put down 20% or more.

There are five levels of access that you can give a buyer when selling your home

Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.

The average number of years a family stays in their home has increased by fifty percent since 2008, causing fewer houses to come to the market. During the same time, new home builders were concentrating most of their efforts on large, luxury, expensive houses.�

Mortgage interest rates had been on the rise for most of 2018 before reaching their peak in November at 4.94%.��According to�Freddie Mac's�Primary Mortgage Market Survey, interest rates last week came in at 4.20%.

There are many reasons why a homeowner decides to sell their house and move. The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). Relocating for a job was the top reason for those ages 54 to 63 and the second most popular response for those under 53.

What if you were able to take advantage of one of�Freddie Mac's�or�Fannie Mae's�3%-down programs? Suddenly, saving for a down payment no longer takes 2 to 5 years.��Whether you have just begun to save for a down payment or have been saving for years, you may be closer to your dream home than you think

Existing Home Sales�slowed to an annual pace of 5.21 million home sales in March.Low inventory levels are still impacting home sales! The current month's supply of homes for sale is 3.9-months.Median home prices were up 3.8% over last March at $259,400. This marked the 85thconsecutive month with year-over-year price

In a recent�Insights Blog,�CoreLogic�reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. "The mortgage rate-driven affordability surge has arrived just in time...

Millennials have achieved milestones like getting married, having kids, and buying homes later in life than their parents and grandparents did, they are not solely to blame for today's housing market trends. Seniors born after 1931 are staying in their homes longer than previous generations.

Home renovation television shows have given many buyers hope that they could renovate a home they can afford into their dream home!��Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home's value!

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not.

Here is the list of the top 5 reasons Why Millennials Choose to Buy

According to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers' market. It appears the spring buyers' market is going to be much stronger than many had projected. Whether you are selling or buying, this is important news.

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018.� If you plan on buying a home this year, let's get together to start your home search to ensure you can lock in these historically low rates today!

With a strong economy, low interest rates, and wages continuing to rise, some homeowners will be ready to put their house on the market and move up to the home of their dreams!�There is a great opportunity for sellers to take advantage of the current real estate market before new inventory comes to market.

According to a new survey from�Open Listings,�62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding.Many young couples are saving for a wedding and a home at the same time.The average US wedding now costs 66% of a median home down payment, according to�The Knot.

Mortgage interest rates have been on the decline since November! Many potential first time home buyers believe that they have to have a perfect credit score and 15-20% down payment which is a myth.

Agents working the business every day, one of the premier data companies in the real estate space, and one hundred housing experts all agree: home price appreciation has ended its decline and looks to be stabilizing� and may even accelerate.

New research shows that 66% of millennials who currently rent are�determined to buy a home! Seventy-three percent of those�surveyed�by�Pulsenomics�plan to buy a home in the next five years, with�40% planning to do so within the next two years!

68% of American households have a pet and these pet-friendly homes are in high demand.

When it comes to your forever home, evaluating your current house for its ability to adapt with you as you age can be the first step to guaranteeing your comfort in retirement. If after considering all these factors you find yourself curious about your options, let's get together.

For months we've been looking out the window waiting for spring and it's finally here!� If you are planning on� selling your house this spring, make sure you check these 10 maintenance items off your list!

3 Graphs that Show What You Need to Know About Today's Real Estate Market. Interest rates are low, income is rising, and home prices have experienced mild deceleration over the last 9 months.

If you are debating upgrading your current house to a premium or luxury home, now is the time!

If there is an economic slowdown in our near future, there is no need for fear to set in. Most experts agree with Ralph McLaughlin,�CoreLogic's Deputy Chief Economist, who�recently explainedthat there's no reason to panic right now, even if we may be headed for a recession.�We're seeing a cooling of the housing marke

5 Reasons to sell your house this Spring include the demand is strong,there is less competition, the process will be quicker, there will never be a better time to move up and it's time to move on with your life.

Your home is one of the only investments you can live inside as you pay it off over time. For a homeowner who purchased their home 30 years ago, they have gained nearly $250,000 in equity with 70% coming from price increases.

10 Steps to Buying A Home: 1. Save Your Down Payment� 2. Know Your Credit Score� 3.� Find a Real Estate Agent� 4 Get Pre-Approved 5. Go Home Shopping! 6. Make an Offer 7. Get a home inspection 8. Get a Home Appraisal 9. Close the Sale 10. Move In!

Even back in the mid-1800s, people knew that negative news sells. That is still true today. All forms of media realize that they will get more eyeballs, clicks, likes, and engagement by posting something negative. However, they must realize that negative headlines impact markets.

It should come as no surprise that April and May dominate as the top months to sell. The second quarter of the year (April, May, June) is referred to as the�Spring Buyers Season, when competition is fierce.� Let's get together to discuss the market conditions in our area

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Spring and summer can be the busiest time of the year for real estate agents. As the school year is coming to an end, a lot of homeowners decide to make their move to sell their home.