Posts by siteadmin

How Long Do Families Stay in a Home?

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…

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Think All Millennials Live in Their Parent's Basement? Think Again!

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’…

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NAR Reports Show Now Is a Great Time to Sell!

  We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house.   Let’s look at…

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It’s Not Always Marriage Before Mortgage

  There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still, others might think their…

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The Dangers of “Tight Mortgage Credit” Headlines

The availability of mortgage credit is not at the same level that it was during the boom in housing (2005), and that’s good news. However, the constant headlines which talk about “tight credit” are causing some potential home buyers to doubt their ability to purchase. We want to rectify the misconception of what is required…

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The Truth About Housing Affordability

From a purely economic perspective, this is one of the best times in American history to buy a home. Black Night Financial Services discusses this in their most recent Monthly Mortgage Monitor. Here are two of the report’s revelations: The average U.S. home value increased by $13,500 from last year, but low interest rates have…

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Market Update!

Market Update: 1.      2015 Homes sales by volume and median price were the best seen in the region since 2006. 2.      Home values have appreciated an average of 6% annually the last four years. Projection for 2016 is expected to be 5%. 3.      Housing inventory has been low for the last six months. This prevented…

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Is The REAL ESTATE BUBBLE bursting?

As far as our current bubble bursting. The question itself is misleading. In the greater Sacramento Region, home values have increased handsomely over the last four years. For the most part, it has been a sustainable increase. Few areas are back to 2005 highs. Most are still 10-20% below the high water mark in home…

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