Skip To Content

Monthly Archives: October 2019

    Thinking of Selling Your Home? The Waiting Is The Hardest Part.

    By Blake Cory | October 31, 2019

    Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a flood of buyers in... Read More

    How to Determine If You Can Afford to Buy a Home

    By Blake Cory | October 31, 2019

    The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to... Read More

    Depending on the Price, You’re Going to Need Advice

    By Blake Cory | October 24, 2019

    To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. In real estate today, there are essentially three different price points in the market: the starter-home market, the middle-home market, and the premium or luxury market. Each one... Read More

    5 Reasons to Consider Living in a Multigenerational Home

    By Blake Cory | October 24, 2019

    Did you know that 1 in 6 Americans currently live in a multigenerational household? According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have a multigenerational household. Why Are Many... Read More

    3 Reasons to Use a Real Estate Pro in a Complex Digital World

    By Blake Cory | October 17, 2019

    If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to start the home-buying process, and the truth on why it should never be... Read More

    You Need More Than a Guide. You Need a Sherpa.

    By Blake Cory | October 17, 2019

    In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate the process. You need someone you can turn to who will tell you how to price your home correctly right from the start. You need someone who can help you determine what to offer... Read More

    What FICO® Score Do You Need to Qualify for a Mortgage?

    By Blake Cory | October 9, 2019

    While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for potential buyers is that you don’t need a score that high to qualify for a mortgage. Let’s unpack the credit score myth so you can to become a homeowner sooner than you may think.... Read More

    Homeownership is the Top Contributor to Your Net Worth

    By Blake Cory | October 9, 2019

    Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest determinants of household wealth [are] owning a home and having a retirement account.” (Shown in the graph below): This does... Read More

    3 Signs the Housing Market Is on the Rebound

    By Blake Cory | October 3, 2019

    The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound: 1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth. 2. Pending Home Sales (contracts signed) are up with each of the four major... Read More

    How Does the Supply of Homes for Sale Impact Buyer Demand?

    By Blake Cory | October 3, 2019

    The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Buyer Demand The... Read More