The housing market is hot, with prices rising as demand far outpaces supply in almost every region. However, when it comes to luxury real estate, things are quite different. In the upper-end market, inventory is plentiful in most locations.
For that reason, prices haven’t skyrocketed as they have in the lower and mid-tier markets. This, coupled with sensational mortgage rates, means that this may be the perfect time to purchase the luxury property you have always desired.
Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market.
The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have remained at historic lows for the last several years. Contrary to what many experts believed, rates have remained low throughout the first half of 2016.
As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why:
According to NAR’s Profile of Home Buyers & Sellers:
- 88% of buyers look for their new home online.
- Using a real estate agent can net you $39,000 more than FSBO’ing.
- There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional can help ease the process.
We haven’t been to Kula Revolving Sushi Bar for a while.
They were super busy on a Thursday night for dinner.
Since there were only 2 of us, we got seated pretty quickly at the sushi bar.
That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 households regained equity in the first quarter of 2016 and are no longer under water.
Price Appreciation = Good News for Homeowners
In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.
現今的房地產市場房價上漲以及庫存不足，一些屋主可能試圖自己出售房屋，業界中稱為 For Sale by Owner (FSBO)，但屋主出售屋對絕大多數的人來說並不是個好主意，以下為幾個原因。
Here are the top five reasons:
This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Journalism Conference for the National Association of Real Estate Editors.
Here are the top takeaways from the week of presentations: