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Monthly Archives: May 2017

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More Americans Chose to Own a Home Than Rent in Q1

Real Estate, Real Estate TipsBy DitaMay 25, 2017Leave a comment

According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time since 2006 that the number of new homeowner households outpaced the number of new renter households. Of the 1.22 million new households…

#1 Answer to the Housing Shortage: New Construction

Real Estate, Real Estate TipsBy DitaMay 18, 2017Leave a comment

The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages. The good news is…

3 Reasons the Housing Market is NOT in a Bubble

Real Estate, Real Estate TipsBy DitaMay 11, 2017Leave a comment

With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially propped up because mortgage lending standards…

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