Market Trends

March 21, 2022

Buyer Demand

In this video we have a more detailed look into the 2022 rising mortgage rates and how their costs are driving buyer demand.

 

𝗧𝗵𝗲 𝗕𝗶𝗹𝗹 𝗛𝗲𝗲𝗻𝗮𝗻 𝗧𝗲𝗮𝗺 𝗪𝗵𝗼 𝗬𝗼𝘂 𝗪𝗼𝗿𝗸 𝗪𝗶𝘁𝗵 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 𝟴𝟲𝟬.𝟰𝟰𝟮.𝟰𝟲𝟲𝟯 𝘄𝘄𝘄.𝗯𝗶𝗹𝗹𝗵𝗲𝗲𝗻𝗮𝗻.𝗻𝗲𝘁

 

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Posted in Market Trends
March 11, 2020

Interest Rates Over Time

 

Some Highlights:

  • With interest rates hovering at near historic lows, now is a great time to look back at where they’ve been, and how much they’ve changed over time.
  • According to Freddie Mac, mortgage interest rates are currently hovering near a five-decade low.
  • The impact your interest rate has ...
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Posted in Market Trends
March 9, 2020

Opportunity in the Luxury Market This Year

 

Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over ...

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Posted in Market Trends
March 5, 2020

Thinking of Selling? Now May Be the Time.

 

The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5 ...

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Posted in Market Trends
Dec. 20, 2019

The Bill Heenan Show. Episode 10

 

 

 

Hello everybody this is Bill Heenan from the Heenan Group at William Ravis Real Estate in Niantic and if you’re thinking of listing or selling your home this winter, you’re gonna want to stick around for episode number 10 of the Bill Heenan Real Estate Show.   ...

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Posted in Market Trends
Dec. 11, 2019

Millennials Are on the Move as First-Time Homebuyers

Some Highlights:

  • According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32.
  • With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite in the market, keeping buyer activity strong.
  • More and more ...
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Posted in Market Trends
Dec. 10, 2019

A 365 Day Difference in Homeownership

Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them:

  1. Refinance: If you already own a home, you may want to decide ...
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Posted in Market Trends
Sept. 23, 2019

Millennial Buying Power Poised to Boost Homeownership

 

Millennial Buying Power Poised to Boost Homeownership | MyKCM

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes,

“The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”.

The article continues to describe how millennials have more buying-power than the ...

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Posted in Market Trends
May 27, 2019

What is Really Happening with Home Prices?

 

 

Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.

However, a stronger-than-expected ...

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Posted in Market Trends
May 21, 2019

Are Older Generations Really Not Selling Their Homes?

 

 

Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving.

The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point!

NAR’s findings show ...

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Posted in Market Trends