Thinking of Buying a Home? What are you Waiting for?

  With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the… Read More

Buying A Home Is Better Way to Produce Wealth Than Renting

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Indexhomeownership is a better way to produce greater wealth, on average, than renting. The BH&J Index is a quarterly report that attempts to answer the question: Is it better to rent or buy a home in today’s housing market? The index examines that entire US… Read More

Existing Home Prices Hit Record

Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report. The report announced that the median existing-home price in June was $236,400. That value surpasses the peak median sales price set in July 2006 ($230,400). This revelation created many headlines exclaiming that home prices had hit a “new record”: Wall Street Journal: Existing-Home Prices Hit… Read More

Home Ownership: The Real Story Behind the Headlines

  The big housing news this week is that the homeownership rate has dropped to 63.4% which represents the lowest rate in 48 years. That news definitely is making headlines. Yet, to fully understand what this means we have to look at the story that created these headlines. There is no doubt the homeownership rate… Read More

Low Inventory Causes Dip in Sales

The National Association of Realtors (NAR) recently released the results of their Existing Home Sales Report. Despite the fact that properties are selling faster than they have at any other time since July of 2013, existing home sales declined 3.3% from March. NAR’s Chief Economist Lawrence Yun explained the main reason for the slow: “April’s setback… Read More

Homeownership as an Investment: The Role of Price Appreciation

There is a lot to be learned from the results from the latest Home Price Expectation Survey (HPES) showing where residential home prices are headed over the next five years. Today, we want to show you what the results of the report could mean to you. A good portion of every family’s wealth comes from the equity in… Read More

Home Ownership Cheaper Than Renting

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in… Read More

Lack of Inventory a Challenge to the Market

The real estate market is in the midst of a major comeback. Sales are greater than any time since 2007. Consumer confidence is increasing. Economists are now saying housing is the major tailwind to our nation’s overall economic recovery. However, there is one major challenge that could stall the housing market: a lack of inventory…. Read More

What’s Today’s Cost of Money?

Lately, you have undoubtedly heard that there’s never been a better time to buy a home. One reason for that is that interest rates haven’t been this low for over 40 years. As a result, the cost of borrowing money makes today’s buyer’s money stretch farther. The table below shows how much has changed since… Read More

Get Paid to Recycle That Old Fridge

 Do you have an old refrigerator in the house that still works? Old refrigerators can cost three times as much to run as the new ones, up to $150 a year. ComEd will pick up your old working refrigeratorfor free and haul it away…and give you $35. While they’re at it, they’ll even take away… Read More