Building Wealth: First Rung on the Ladder is Housing

Building Wealth: First Rung on the Ladder is Housing | Simplifying The MarketHow Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is “an online resource for the most rigorous research and practical information on how a quality, stable, affordable home in a vibrant community contributes to individual and community success”.

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The Top Reasons Why Americans Buy Homes

The Top Reasons Why Americans Buy Homes| Simplifying The MarketLast week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership.

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91.5% of Homes in the US have Positive Equity

91.5% of Homes in the US have Positive Equity | Simplifying The MarketCoreLogic’s latest Equity Report revealed that one million borrowers regained equity in their homes in 2015. The outlook for 2016 remains positive as well, as an additional 850,000 properties would regain equity if home prices rose another 5% this year. 

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Home Sales Up Year-Over-Year

Some Highlights

  • This is the 48th consecutive month with year-over-year price gains.
  • Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.”
  • Inventory is still below historic normals at a 4.4 month supply.
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Housing Market To “Spring Forward” This Year

Housing Market To “Spring Forward” This Year | Simplifying The MarketJust like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

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