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Veterans Affairs Loans by the Numbers [INFOGRAPHIC]

November 10, 2017

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Veterans Affairs Loans by the Numbers [INFOGRAPHIC]

#FredYancyRealtors

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When Is It A Good Time To Rent? NOT Now!

When Is It A Good Time To Rent? NOT Now! People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today: A recent Wall Street Journal article reports that rents rose “ faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters.” The article also cited results from a recent Reis Inc report which revealed that average effective rents rose 4.6% in 2015, the biggest gain since before the recession. Over the past 15 years, rents have risen at a rate of 2.7% annually. Where are rents headed? Jonathan Smoke, Chief Economist at realtor.com recently warned that: “Low rental vacancies and a lack of n

Percentage of Homeownership by Decade and by State

Percentage of Homeownership by Decade and by State There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference. However, today we want to shine some light on the issue by: Showing what historic homeownership rates have looked like over the last 130 years. Breaking down the current percentages by state. Historic Homeownership Rates: Current Homeownership Rates by State: All of the states that you see in blue on the map above have a greater homeownership rate than the national average. Bottom Line Though the homeownership rate has fallen recently, the percentage is still at a healthy rate compared to historic numbers, and most states currently have a higher percentage than the national average. You might also enjoy reading... Buy

How’s the Real Estate Market? Find Out What the Experts Are Saying

How’s the Real Estate Market? Find Out What the Experts Are Saying As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying: Doug Duncan, Fannie Mae Chief Economist “Positive demographic factors should continue to reshape the housing market, as rising employment and incomes appear to be positively influencing millennial homeownership rates.” Diana Olick, CNBC “Even as more homes come on the market for this traditionally popular sales season, they’re flying off fast, with bidding wars par for the course. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are firmly in the driver’s seat.” Daren Blomquist, Senior VP at Attom “I am guessing we will see it get even better… If you are considering moving, it could be a really good time to sell.” Lawrence Yun, NAR Chief Economist “The early returns so far this spring buying s

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