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In the last 12 months, house prices have increased dramatically. In the recent home price index report of CoreLogic, he revealed that annual households have increased by 6.2%. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price. The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from July 2017 to July 2018 (the latest data available). For reading chart and full blog click here : Vantage Realty For more info visit here: Vantage Realty Professionals Read Vantage Realty Professionals some new blogs: Where Are Mortgage Interest Rates Headed In 2019? The Cost of NOT Paying PMI Are Home Prices Softening or Are They Falling? Is the Real Estate Market Finally Getting Back to Normal? Thank, Steve Muller

For the last eleven years, the housing market is normal but anything has been normal. In a general real estate market, home prices appreciate 3.7% annually. However, according to the latest Home Price Expectations survey, prices have swung since 2007: 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 supply of housing inventory. Read full blog For more info visit here: Home Buyers North Carolina Related blogs: 25% of Homes with a Mortgage are Now Equity Rich! If You Are Thinking of Selling? You Must Act NOW! Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]

The increase in home prices has been in the news recently and more attention has been focused on whether home prices are increasing rapidly, as well as how sustainable the increase in prices is. However, one of the often overlooked benefits of rising prices is that they have an impact on the 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 value of their homes goes up! Read full blog For more info visit here: Home Buyers North Carolina Related blogs: - If You Are Thinking of Selling? You Must Act NOW! -Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC] -Are Homebuyers Starting to Hit the ‘Pause’ Button?

If you had thought about selling your house this year, now the time to do this can be more than now! The list of homes for sale is far below historic criteria and the demand for buyers is increasing from the skyrocketing. We were still in high school when we learned about the concept of supply and demand, so we understand that the best time to sell something happens when the supply of that item is low and the demand for that item is high. It defines today’s real estate market. Read continue For more info visit website: First Time Seller Read Related Blogs: Vantage Realty

For the last several years, the demand for the buyer is far from the available housing supply available for sale. This low supply and high demand have appreciated house prices by an average of 6.2% annually since 2012. It is being said that three of the four major reports used to measure buyers activity has revealed that demand for purchases can be soft. Here are four indices, they measure the demand (method), what their latest reports said, and a quick summary of the report. The Foot Traffic Report by the National Association of Realtors Methodology: Every month SentriLock, LLC provides NAR Research with data on the number of properties shown by a REALTOR® . Lockboxes made by SentriLock, LLC are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales so it can be viewed as a peek ahead at sales trends two to three months into the future. Latest Report: “Foot Traffic climbed 3.2 points t...

Between 1987 and 1999, which is often called ‘pre-bubble period’, according to the Home Price Expectation Survey, the value of the house has increased by an average of 3.6%. Every month, CoreLogic economists release the results of their Home Price Insights Report, which includes changes in actual year over year prices in the country and their predictions for next year. The chart below shows the anticipated year-to-year prices for 2018 (predictions made in 2017). According to their predictions, the average appreciation should be 4.8% during 2018, which is still higher than the ‘normal’ appreciation of 3.6%. Read continue To know more visit website: http://www.vantagerealtypros.com/

We all realize that the best time to sell anything happens when the demand for that item is high and supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) shows that there is a good time to sell your home right now. Take a look at the latest Pending Home Sales report and the data contained in the existing Home Sales Report. THE PENDING HOME SALES REPORT It has been announced in the report that pending domestic sales (contracts in the house) are 2.3% below the previous year and declines on annual basis for seven straight months. Lawrence Yun, NAR’s Chief Economist, had this to say : “Last year's sales are declining that with the development of strong jobs, in the years of inadequate supply in the markets, home prices have finally been increased to a point where the growing number of potential buyers is unable to afford it. " Read continue To Know More Visit Website: http://www.vantagerealtypros.com/