Homeowner’s Net Worth Is Still Greater Than a Renter’s

By | Buyers Blog, Calvin Lickfelt Blog, General Real Estate Blog

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will be released later this… Continued

August 16, 2017

Housing Inventory Hits 30-Year Low

By | Buyers Blog, General Real Estate Blog, Sellers Blog, The Sun First Team Blog

Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their needs. New data from CoreLogic shows… Continued

August 9, 2017

Mortgage Pre-Qualification vs. Pre-Approval: What’s the Difference?

By | Buyers Blog, The Sun First Team Blog

When buying a home, cash is king, but most folks don’t have hundreds of thousands of dollars lying in the bank. Of course, that’s why obtaining a mortgage is such a crucial part of the process. And securing mortgage pre-qualification and pre-approval are important steps, assuring lenders that you’ll be able to afford payments. However, pre-qualification and pre-approval are… Continued

July 25, 2017

Home prices lift 6.9% year-over-year in April

By | General Real Estate Blog, Real Estate News Blog, Sellers Blog

June 1, 2017 CoreLogic Home Price Index: U. S. home prices continue to climb, edging up 1.6% from March to April and rising 6.9% year-over-year, according to the latest CoreLogic Home Price Index. CoreLogic estimates home prices will increase 5.1% by April 2018, reflecting a slow but steady rise in home-price growth predictions from the beginning of the year…. Continued

June 1, 2017

The Next Hot Housing Market: Starter Homes?

By | Buyers Blog, Calvin Lickfelt Blog, General Real Estate Blog, The Sun First Team Blog

It is official! Millennials are buying homes, and doing so in record numbers, forcing builders to respond with lower new-home price points. These First-time buyers are rushing to buy homes after a decade on the sidelines, promising to kick a housing market already flush with luxury sales into higher gear. Tracking home sales to a… Continued

May 6, 2017