May 2018

Found 2 blog entries for May 2018.

According to a recent report from CoreLogic, housing prices have made their most significant leap in almost 4 years. Housing prices increased in all 50 states and were 7% higher in March 2018 than they were just a year ago—the biggest jump in pricing since May of 2014.

Directly following the jump, consumer confidence in the housing market skyrocketed; according to Fannie Mae, consumer confidence levels hit an all-time high in April 2018, with 45% of people saying it’s a good time to sell a house.

The Takeaway

With the surging housing prices and skyrocketing confidence market, there’s never been a better time to sell your home. So if you’ve been thinking about making a move, now’s the time.

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There’s no denying that it’s tough out there for buyers. The inventory shortage has created a market that’s more competitive than normal. As a potential buyer, you might be thinking “I should probably wait until next year to make a move.”

 But if you want to get the best deal on a home, you should probably rethink that idea. According to the most recent US Home Price Insights from CoreLogic, home prices are expected to rise 5.7% year-over-year—meaning a house you might be considering buying today will be 5.7% more expensive if you wait until this time next year to make a purchase. What does that look like? Let’s say the house you’re considering making an offer on today is priced at $275,000. With a 5.7% increase, at this time next year that same

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