November 20th, 2018

Housing taking a peak?

Posted by at 7:02 pm

After rapid acceleration for most of the past two years, home prices in many parts of the country are slowing as interest rates rise and inventory in some markets increases. Evidence that the market is cooling can be seen in price drops. In October, 31.3 percent of homes for sale had at least one price drop of more than 1 percent after listing, 6.3 percent higher than last October’s level of 25 percent. Ten years after the financial crisis, the notion of a housing “peak” – which would naturally be followed by a downturn – seems downright spooky. Is it time to start talking about a “housing bubble?” Most economists say no. Historically, price crashes are usually caused by over-supply. In contrast, the present moment is probably a simple “cycle top” – the kind of correction normal in any consumer...
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November 20th, 2018

5 Real Estate Professionals Who Assist You When You Buy Your First Home

Posted by at 1:00 pm

So you’re set to buy your first house. But where do you begin?
Buying a house for the first time can be nerve-racking. Most advice articles often concentrate on the steps involved in buying a house. To streamline things, let’s focus on the people who will likely be involved in your purchase transaction.

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November 14th, 2018

Builders feel pinch of fewer young workers

Posted by at 5:41 pm

There is a shortage of construction workers, especially in the Northeast and California. The nation lost tens of thousands of workers during the economic downturn. Even as demand has returned, the industry is having trouble replenishing its ranks. The share of workers 24 years old or younger has declined in 48 states, according to an analysis of U.S. Census data. After hitting a peak of 11.7 million during the Housing Boom years, the number of construction workers fell to 10.2 million by 2016. States hit hardest by the housing bust saw the greatest decrease in younger workers between 2005 and 2010, led by Delaware, Vermont, Maryland, California and Arizona. Home construction per household has dropped to the lowest level in 60 years – a big reason why U.S. home prices are rising, and why the home ownership rate remains stuck...
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November 14th, 2018

3 Things You Should Know About Land Surveys

Posted by at 1:00 pm

One thing to think about when purchasing a home or parcel of land is to have an updated land survey conducted. While property deeds generally include detailed information, many are outdated for a variety of reasons that include nature, weather conditions, and adjustments in floodplain maps among others.

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