Every Hour in the US Housing Market:
- 633 Homes Sell
- 253 Homes Regain Positive Equity
- Median Home Values Go Up $1.43
According to the Census Bureau, millennials have overtaken baby boomers as the largest generation in U.S. History. Millennials, or America’s youth born between 1982-2000, now represent more than one quarter of the nation’s population, totaling 83.1 million.
There has been a lot of talk about how, as a generation, millennials have ‘failed to launch’ into adulthood and have delayed moving out of their family’s home. Some experts have even questioned whether or not millennials want to move out.
The great news is that not only do millennials want to move out… they are moving out! The National Association of Realtors (NAR) recently released their 2016 Profile of Home Buyers and Sellers in which they revealed that 61% of all first-time homebuyers were millennials in 2015!
好消息是千禧世代不但想要搬出父母家… 他們正在搬出中！全國房地產經紀人協會(NAR)最近發布了2016年房屋買家和賣家資料，報告透露在2015年中所有首次購屋者中有61％為千禧世代！ (more…)
The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.
全國房地產經紀人協會(NAR)保存了有關住屋的許多歷史數據，發生巨大變化的數據之一是一個家庭在一棟房屋居住年數的平均值。如下圖所示，超過二十年(1985 – 2008年)平均居住年數為六年，然而自2008年以來，平均居住年數為9年，增長了近50％。
The reasons for this change are plentiful. The top two reasons are:
I wanted chili… chili cheese dogs… chili cheese fries… chili cheese anything.
A quick search online, and we headed to Portillo’s Hot Dogs.
It was late Saturday night, and this place was packed.
趕快上網找一找家裡附近哪裡有，接著就往Portillo’s Hot Dogs出發，
It was Halloween night, and we had to stay home to pass out candy to kids.
So we ordered delivery from Tandoori Express.
We waited for a very very very long time for delivery… almost 1.5 hour.
Chicken Tandoori was tasty. Very tender meat with lots of flavor.
Are you thinking of buying a home? Are you dreading having to walk through strangers’ houses? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of buying. A great agent is always worth more than the commission they charge, just like a great doctor or great accountant.
You want to deal with one of the best agents in your marketplace. To do this, you must be able to distinguish an average agent from a great one.
Here are the top 4 demands to make of your real estate agent when buying a home:
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.
In order to qualify in today’s market, you’ll need to have saved for a down payment (the average down payment on all loans was 11% last month, with many buyers putting down 3% or less), a stable income and good credit history.
There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference.
However, today we want to shine some light on the issue by:
So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection.
This contingency allows you to renegotiate the price paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away. Your agent can advise you on the best course of action once the report is filed.