Is the Real Estate Market Finally Getting Back to Normal?

The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey: After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From March 2012 to today, the market has been recovering with values appreciating 6.2% annually. These wild swings in values were caused by abnormal ratios between the available supply of inventory and buyer demand in the market. In a normal market, there would be a 6-month … Continue reading

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25% of Homes with a Mortgage are Now Equity Rich!

Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position. Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the … Continue reading

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A picture is worth a thousand words!

Ever hear the saying “A picture is worth a thousand words.” It’s so true! Especially in real estate! Buyers are checking out photos of homes on Zillow, Redfin,, etc. well before contacting a Realtor. It’s important that the home stands out in photos! I have made a professional photographer an integral part of my listing team. Thank you George Cummings of Wow Factor Photography! Not only does he take exceptional photos, but we have taken it one step further and integrated drone footage, both still images and video. Drones allow me to capitalize on the homes yard, view and … Continue reading

Posted in    Real Estate News,Seller Tips