Buying a Home Can Be Scary…Until You Know the Facts!

23 10 2015

Buying A Home Can Be SCARY… Until You Know The FACTS! [INFOGRAPHIC]

Buying A Home Can Be Scary... Until You Know the FACTS! [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%.
  • 71% of loan applications were approved last month
  • The average credit score of approved loans was 723 in September (the lowest recorded score since Ellie Mae began tracking in August 2011).

Source: KCM Blog





#1 Reason to List Your House Today

12 10 2015
#1 Reason to List Your House Today! | Keeping Current Matters If you are debating listing your house for sale this year or even early next year, here is the #1 reason not to wait!

Buyer Demand Continues to Outpace the Supply of Homes For Sale

According to the National Association of REALTORS’ (NAR) Foot Traffic report, there are more buyers out in the market right now than at any other time in the past three years. The graph below shows the significant increase in foot traffic experienced this year compared to 2014. Foot Traffic Year-Over-Year | Keeping Current Matters The latest Existing Home Sales reportshows that there is currently a 5.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market and well below August 2014 numbers. The chart below details the year-over-year inventory shortages experienced so far in 2015: Inventory Supply | Keeping Current Matters

Bottom Line

Meet with a local real estate professional who can show you the supply conditions in your neighborhood and assist you in gaining access to the buyers who are ready, willing and able to buy today!

Source: KCM Blog