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Manda Luccasen | RE/MAX Southern Homes
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Simplifying the Market™



In the 02/27/2020 edition:
Excerpts:

How Much “Housing Wealth” Can You Build in a Decade?

How Much “Housing Wealth” Can You Build in a Decade? | Simplifying The MarketEarlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership. Below are three graphs depicting the most important data revealed in the study. How much […]
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Thinking of Selling? Now May Be the Time.

Thinking of Selling? Now May Be the Time. | Simplifying The MarketThe housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The Census Bureau also just reported the highest homeownership […]
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Entry-Level Homeowners Are in the Driver’s Seat

Entry-Level Homeowners Are in the Driver’s Seat | Simplifying The MarketOne thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020. Why is this good news for the homeowners? When prices appreciate, homeowners gain equity. In addition, […]
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Opportunity in the Luxury Market This Year

Opportunity in the Luxury Market This Year | Simplifying The MarketHomes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from […]
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Interest Rates Over Time [INFOGRAPHIC]

Interest Rates Over Time [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
  • According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
  • The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.

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The process of buying or selling a home can be overwhelming at times, but you don't need to go through it alone.

You may be wondering if now is a good time to buy or sell...  or if interest rates are projected to rise...  or how much competition you may be facing in today's market. My free eGuide's above will answer many of your questions and likely bring up a few things you haven't thought about yet.

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