Ron Erickson North West Real Estate Client Resources
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth Continue reading The Net Worth of a Homeowner is 44x Greater Than A Renter!
Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right Continue reading The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we are on a similar trajectory, speeding Continue reading Housing Market: Another Gigantic Difference Between 2008 and 2018
It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search Continue reading Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts
For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly Continue reading Have You Outgrown Your Starter Home?
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, Continue reading Are You Thinking of Selling Your Home? Competition Is Coming!
Some Highlights: According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year. Inventory of homes for sale showed a modest improvement of 0.5% over last year’s figures, but still Continue reading Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]
Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of Continue reading Supply & Demand Will Determine Future Home Values
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having Continue reading The Wave of Millennial Homebuyers Continues to Swell
Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s Continue reading 5 Reasons to Hire a Real Estate Professional Before Entering the Market!