Category: Buying a Home

Annual Review, Buying a Home, Facts and Trends, Mortgage Rates, Ruhl Mortgage

Buyer Confidence and Low Mortgage Rates Will Drive the Market in 2020

Look for prices to continue to increase in 2020, as demand continues to exceed supply in affordable homes, and more first time buyers enter the market. REAL Trends analysis shows there is no correlation between a presidential election year and housing sales. Buyer confidence, historically low mortgage rates and the availability (or lack thereof) of inventory will determine home sales in 2020. Across our region in 2019, 2% fewer properties...

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Buying a Home, NAR Survey

NAR Confidence Index Survey

The National Association of REALTORS® (NAR) conducts a survey that gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions. Check out some of the results from the survey below! Characteristics of Buyers and Sellers First-time buyers accounted for 29 percent of sales in September of 2017 compared to 34...

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Buying a Home, Facts and Trends

Spring Market Exploding – Affordable Inventory Needed!

Record-breaking cold and snowfall slowed housing sales in the region during the first quarter of 2019. Across all of our markets, 5% fewer homes sold than last year. But there was considerable variation from market to market, as shown on our regional activity chart, below. Warm April weather has opened the floodgates, releasing pent up buyer demand. Unfortunately, affordable inventory isn’t coming onto the market as quickly as the...

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