Housing Market News

Is Your First Home Within Your Grasp Now?

By Nicole McCormick | May 22, 2018

Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now! Contact one of Our Agents today! See […]

Don’t Wait to Sell Your House! Buyers Are Out Now

By Nicole McCormick | May 22, 2018

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high. Let’s see how […]

How Current Interest Rates Can Have a High Impact on Your Purchasing Power

By Nicole McCormick | May 22, 2018

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is […]

Orange County Real Estate Market Report for May 2018

By Nicole McCormick | May 21, 2018

Green Team Business Review – May 2018 The numbers tell a story all their own.  Despite the lack of inventory on the market, despite the specter of rising interest rates, loss of deductions due to new tax laws, etc., the Green Team is doing something very right and finding people buyers for their homes and […]

Sussex County Real Estate Market Report for May 2018

By Nicole McCormick | May 21, 2018

Green Team Business Review – May 2018 The numbers tell a story all their own.  Despite the lack of inventory on the market, despite the specter of rising interest rates, loss of deductions due to new tax laws, etc., the Green Team is doing something very right and finding people buyers for their homes and […]

How Much Has Your Home Increased in Value Over the Last Year?

By Nicole McCormick | May 13, 2018

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price. The […]

What If I Wait Until Next Year to Buy a Home?

By Better Homes and Gardens Green Team | May 13, 2018

What If I Wait Until Next Year to Buy a Home? We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values […]

5 Ways Tax Reform Has Impacted the 2018 Housing Market

By Nicole McCormick | May 13, 2018

5 Ways Tax Reform Has Impacted the 2018 Housing Market Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted […]

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

By Nicole McCormick | May 4, 2018

With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why: Home Prices Mortgage Standards Mortgage Debt […]

Sussex County Real Estate Market Report for April 2018

By Nicole McCormick | May 3, 2018

  Green Team Business Review – April 2018 There has been a lot of excitement at the Green Team lately.  Much of it was generated by the Launch Competition, which was a tremendous success this year.  You can read about this annual contest, its goals, the winners, and the prizes here.   In addition, Joyce Rogers was named […]

Orange County Real Estate Market Report for April 2018

By Nicole McCormick | May 3, 2018

  Green Team Business Review – April 2018 There has been a lot of excitement at the Green Team lately.  Much of it was generated by the Launch Competition, which was a tremendous success this year.  You can read about this annual contest, its goals, the winners and the prizes here.  Then Lucyann Tinnirello was selected as the […]

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years

By Nicole McCormick | April 8, 2018

If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed. Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home affordability over the last 40+ years (1975-2016). Their research revealed […]

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