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Real Estate Updates

The Importance of Home Equity in Retirement Planning

The Importance of Home Equity in Retirement Planning | Keeping Current Matters We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can be in retirement

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The Supply & Demand Problem Plaguing New Construction

The Supply & Demand Problem Plaguing New Construction | Keeping Current Matters Many real estate economists have called on new home builders to ramp up production to help relieve the shortage of inventory of homes for sale throughout the United States. The added inventory would no doubt aid buyers in their search to secure their dream home, while also helping to ease price increases throughout the country.

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Do You Know How Much Equity You Have in Your Home?

Do You Know How Much Equity You Have in Your Home? | Keeping Current Matters CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation.

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Buying Is Now 33.1% Cheaper Than Renting in the US

Buying Is Now 33.1% Cheaper Than Renting in the US | Keeping Current Matters The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

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Are Home Prices Approaching Bubble Territory?

Are Home Prices Approaching Bubble Territory? | Keeping Current Matters As home values continue to rise, some are questioning whether we are approaching another housing bubble.

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The TRUTH Behind the RENT vs. BUY Debate

The TRUTH Behind the RENT vs. BUY Debate | Keeping Current Matters In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines that entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home and an individual that rents a similar-quality home and reinvests all monies otherwise invested in homeownership.”

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Homeownership Is a Good Financial Investment!

Homeownership Is a Good Financial Investment! | Keeping Current Matters According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective?

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4 Reasons to Buy This Summer!

4 Reasons to Buy This Summer! | Keeping Current Matters Here are four great reasons to consider buying a home today, instead of waiting.

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Mortgage Interest Rates Reverse Course in 2017

Mortgage Interest Rates Reverse Course in 2017 | Keeping Current Matters To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could see rates hit 5-5.5% by the end of the year.

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69% of Buyers are Wrong About Down Payment Needs

69% of Buyers are Wrong About Down Payment Needs | Keeping Current Matters According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market.

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If Your Home Hasn’t Sold Yet… Definitely Check the Price!

If Your Home Hasn’t Sold Yet… Definitely Check the Price! | Keeping Current Matters The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong ­throughout spring as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house?

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5 Reasons You Should Sell This Summer

5 Reasons You Should Sell This Summer | Keeping Current Matters Here are five reasons listing your home for sale this summer makes sense.

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Can Your Real Estate Agent Answer These Important Questions?

Can Your Real Estate Agent Answer These Important Questions? | Keeping Current Matters Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain the industry 'lingo,' but you should expect so much more than that.

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Why Working with a Local Real Estate Professional Makes All the Difference

Why Working with a Local Real Estate Professional Makes All the Difference | Keeping Current Matters If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the millennial generation’s mantra is, “local, local, local.”

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#1 Reason to List Your House for Sale, NOW!

#1 Reason to List Your House for Sale, NOW! | Keeping Current Matters If you are debating listing your house for sale this year, here is the #1 reason not to wait!

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