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Monthly Archives: August 2018

    What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?

    By Admin | August 25, 2018

    Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in June Since the... Read More

    The Net Worth of a Homeowner is 44x Greater Than A Renter!

    By Admin | August 22, 2018

    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth... Read More

    Supply & Demand Will Determine Future Home Values

    By Admin | August 9, 2018

    Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as: “The amount of a commodity, product, or service... Read More

    The #1 Reason to Put Your House on The Market TODAY

    By Admin | August 2, 2018

    The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad... Read More