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Monthly Archives: November 2017

    The Real Reason Home Prices are Increasing

    By Capprice Kitchen | November 30, 2017

    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak... Read More

    2 Charts That Show the Truth about Home Affordability

    By Capprice Kitchen | November 29, 2017

    There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history. The naysayers are correct in the fact... Read More

    Low Interest Rates Have a High Impact on Your Purchasing Power

    By Capprice Kitchen | November 28, 2017

    According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is... Read More

    The Cost of NOT Owning Your Home

    By Capprice Kitchen | November 27, 2017

    Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying or renting a home is an intensely personal decision, with... Read More

    Existing Home Sales Slowed by a Lack of Listings

    By Capprice Kitchen | November 24, 2017

    Some Highlights: The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply. Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016. NAR’s Chief Economist, Lawrence Yun,... Read More

    Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

    By Capprice Kitchen | November 22, 2017

       There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several years. In fact, in just the last year: More buyers are putting less... Read More

    Homeowners: Your House Must Be Sold TWICE

    By Capprice Kitchen | November 20, 2017

    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for... Read More

    Top 4 Home Renovations for Maximum ROI

    By Capprice Kitchen | November 19, 2017

    Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI). While big projects like adding a bathroom or a complete remodel of a kitchen... Read More

    Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

    By Capprice Kitchen | November 17, 2017

    The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong! Homes... Read More

    Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope!

    By Capprice Kitchen | November 16, 2017

    Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place. According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of time that... Read More