According to RealtyTrac, the U.S. housing market was at near perfect price equilibrium in April 2015. “Nationwide in April single family homes and condos sold for almost exactly 100 percent of their estimated full market value on average — indicating a good balance between supply from sellers and demand from buyers,” said Daren Blomquist, vice…
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average…
a home in today’s market makes sense. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership. The top 4 reasons to own a home cited by respondents were not financial. 1. It means having a…
#3 – Hawaii Arguably the most exotic and one of the most breathtaking places that an American can visit without a passport, Hawaii is the closest you can get to heaven on American soil. With countless lagoons and secret hideaways, it’s no surprise that Hawaii is America’s #1 honeymoon destination. Ideal for a romantic getaway,…
Last month, we reported that billionaire John Paulson believes in the financial advantages of homeownership. He has often repeated: “I think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you’re the owner-occupier of.” However, he has not been the only billionaire to give such advice.…
The April 2015 U.S. Economic & Housing Market Outlook from Freddie Mac revealed that they are optimistic about the real estate market in 2015. As a matter of fact, the sub-title of the report was “Great Expectations”. What made Freddie Mac so optimistic? Here are a few highlights from the report:
Home sales on Maui were up in March despite a significant rise in the median home price to $627,500, according to new information released by the Realtors Association of Maui. According to the report, there were a total of 84 homes sold on Maui last month, up from the 60 sold in March of 2015, and…
Every seller wants to get the best price for their house. We learned in high school that the best price for any item will be determined by the demand for that item relative to the supply of that item.There is historical evidence that the demand for housing is about to increase dramatically. Each year, more…
Vacation Home Sales were up 57.4% in 2014 1.13 Million Vacation Homes Sold 2014 marked the highest level of sales in the U.S. since 2003
On Aug. 1, 2015, the new TRID (TILA-RESPA Integrated Disclosure) forms replace the HUD-1 Settlement and Good Faith Estimate. The Consumer Financial Protection Bureau’s mission is to rebuild the mortgage banking landscape so that the industry will avoid the type of conditions that led to the Great Recession. The CFPB replaces the Department of Housing…
Sold On Maui Real Estate Blog 