If you are of the fortunate group that waited out the housing slump, then you just might be enjoying a renewed sense of confidence. The kids who have been living with you since graduating college are looking forward to starting new jobs and leaving the nest, again. You also might just have some nice home […]
You’ve seen the articles. Trulia, The Wall Street Journal, Philly.com and everyone else is reporting that housing inventory numbers dropped 21.6% over the previous year, according the National Association of REALTORS®. It is true locally, too and buyers are getting more frustrated. Here are the key factors in all of this: • While it’s true […]
This is something we haven’t seen in a long time, really since before 2007. Young adults are now confidently considering their first home purchase. Many factors of the financial recession and loans, lack of employment and rising costs everywhere, kept many from being able to leave their parent’s homes after graduating college. Both rentals and […]
According to the U.S. Economic and Housing Market Outlook for August released recently from Freddie Mac, the so-called shadow inventory might not be as foreboding as many thought. This is largely attributed to the rate at which excess housing is being absorbed. Other highlights from the Outlook include: •The Freddie Mac House Price Index for […]