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Archive for the Real Estate Category

Home builder confidence remains strong into the new year

By on January 17, 2018   /   Economic News, Home Buying, Homeownership, Real Estate  

Builder confidence for new, single-family homes fell slightly as 2018 began, but overall remains strong. The National Association of Home Builders (NAHB) recently released the results of their monthly joint report with Wells Fargo, which support the continuing strength of the market for new homes. The NAHB/Wells Fargo Housing Market Index (HMI) dropped 2 points in January to 72 after reaching an 18-year high in December 2017.  So what’s behind the robust state of the newly built, single-family homes market? Proposed tax reform is one factor, along with steady demand for new housing as existing real estate inventory remains sparse. “Builders are

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Top 5 Reasons You Shouldn’t “For Sale By Owner”

By on December 27, 2017   /   Home Selling, Real Estate  

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. Exposure to Prospective Buyers Recent studies have shown that 95% of buyers search online for a home. That is in comparison to only 17% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home.

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Experts Predict Next Year’s Housing Market Trends

By on December 14, 2017   /   Economic News, Home Buying, Mortgage Industry, Mortgage Rates, Real Estate  
https://schmidtmortgage.com/millions-homeowners-missing-savings-not-refinancing/

Economic experts have begun weighing in on expected trends in the housing market for next year. Knowing and preparing for changes in the market can help savvy real estate professionals weather any storms that may come. Here are some of the predictions to be on the lookout for: Increase in Home Purchases Every industry expert whose opinions we looked at agreed: Purchase mortgage volume will increase in 2018. In fact, Michael Fratantoni, chief economist and senior vice president of research and technology of the Mortgage Bankers Association (MBA), expects purchase growth through 2020. Freddie Mac’s Economic and Housing Research Group

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Rocky River

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Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
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