A Housing Bubble? Industry Experts Say NO!

Amanda RobinsFirst Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008. Recently, five housing experts weighed in on the question. Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.” “We have a handful of markets … Read More

Multigenerational Households May Be the Answer to Price Increases

Amanda RobinsFor Buyers, For Sellers, Move-Up Buyers, Pricing

Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations, or grandparents living with grandchildren – … Read More

Low Inventory Causes Home Prices to Maintain Fast Growth

Amanda RobinsFirst Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. Lawrence Yun, Chief Economist at NAR, discussed the impact of … Read More