Speaking of resilience and markets doing just fine, CoreLogic just released its forecast for the year ahead, showing that it expects home prices to reach new peak values in 2020. According to the CoreLogic Home Price Index Forecast, its U.S. home price index will rise 5.2% by December 2020. At the end of 2019, on a month-over-month basis, prices increased by 0.3% in December. But home prices...
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 beginning of the year, the share of listings with a price cut increased 1.2% This is...
Every homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house? Here are two ways to ensure that you get the highest price possible. 1. Price it a Little Low This may seem counterintuitive, but let’s take a look at this concept for a moment. Many homeowners think that pricing their...
20 Tips For Preparing Your House For Sale Highlights: When listing your house for sale our top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! We will have a list of specific suggestions for getting your house ready for market! Contact The Lake Norman Homes Team for a free market analysis and get our...
Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have ensued, and the busy spring-buying season is just around the corner. CoreLogic recently conducted an...
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is the amount of...
What You Need to Know About The Mortgage Process What you need to qualify in today's market: Down Payment - Generally between 5-20% of the purchase price. However, many home buyers are putting down 10% or less - with some putting down as little as 3% Income Verification, Credit History & Asset Documentation - the paperwork needed to apply for a mortgage on the balance of the purchase price of...
Their are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage
Upgrades that will help you sell your home faster. Lower your days on the market with these upgrades. Lake Norman real estate sellers contact The Lake Norman Homes Team
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