Category: For Buyers

    • More Boomerang Buyers Are about to Enter the Market

      We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that […]
      Written by Denise Zervos
    • 58% of Homeowners See a Drop in Home Values Coming

      According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very […]
      Written by Denise Zervos
    • Homeowner’s Net Worth Is Still Greater Than a Renter’s

      Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will […]
      Written by Denise Zervos
    • What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

      Some Highlights:

      • Thinking of moving across the country? How far will your money take you?
      • The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.
      • The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $116.01 worth of goods for $100.
      Written by Denise Zervos
    • How Long Do Most Families Stay in Their Home?

      The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median […]
      Written by Denise Zervos
    • Millennial Homeownership Rate Increases

      Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to […]
      Written by Denise Zervos
    • Be Careful Not to Get Caught in The Rental Trap!

      There 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. Don’t Become Trapped  A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a roof over your […]
      Written by Denise Zervos
    • Buyer Demand Continues Outpacing the Supply of Homes for Sale

      The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) […]
      Written by Denise Zervos
    • Inventory Drops Again, Sales Slow [INFOGRAPHIC]

      Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines. The median price of homes sold in June was $263,800. This is ...
      Written by Denise Zervos

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Greater Charlotte area.