Category : Housing Market Update

There are some that think that housing affordability is a challenge. Historically, that’s not true. Others think that home prices are approaching bubble values. If we look back over the last sixteen years, that is also not the case. As a matter of fact, the numbers show that the U.S. residential real estate market is […]

by Hilton Head Real Estate Partners September 05, 2016 0 comments

According to the latest Census Bureau Report, sales of newly constructed homes soared to new heights in June to a seasonally adjusted rate of 592,000. This marks the highest annual rate in 8 years. Trulia’s Chief Economist, Ralph McLaughlin had this to say: “New home sales jumped sharply in June, and marked the best month […]

by Hilton Head Real Estate Partners August 10, 2016 0 comments

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-4.6%). The decline in this price range points to the lower inventory of distressed properties available for sale and […]

by Hilton Head Real Estate Partners May 19, 2016 0 comments

 Housing Bubble? With home prices expected to appreciate by over 5% this year, some are beginning to worry about a new housing bubble forming. Warren Buffet addressed this issue last week in an article by Fortune Magazine. He simply explained: “I don’t see a nationwide bubble in real estate right now at all.” Later, when […]

by Hilton Head Real Estate Partners May 12, 2016 0 comments

The housing market is really heating up and buyer demand is dramatically increasing as we enter the spring season. However, one challenge to the current market is a major shortage of inventory. Below are a few comments made in the last month by industry experts. Lawrence Yun, Chief Economist of NAR “Looking ahead, the key […]

by Hilton Head Real Estate Partners April 21, 2016 0 comments

Now that the housing market has stabilized, more and more homeowners are considering moving up to the dream home they have always wanted. Prices are still below those of a few years ago and interest rates have stayed near historic lows. Sellers should realize that waiting to make the move when mortgage rates are projected […]

by Hilton Head Real Estate Partners April 06, 2016 0 comments

Two weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to current incomes. Here is a graph showing […]

by Hilton Head Real Estate Partners March 29, 2016 0 comments

In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.4-month supply. This is considerably lower […]

by Hilton Head Real Estate Partners March 25, 2016 0 comments

Going into the 2016 spring market, the biggest challenge the real estate industry has is the lack of available housing inventory for sale. Here are a few experts and their thoughts on the subject: David Crowe, Chief Economist for the National Association of Home Builders: “Many sellers may not have an absolute decision as to […]

by Hilton Head Real Estate Partners March 23, 2016 0 comments

 No, a New Housing Bubble is NOT Forming We recently reported that home prices are continuing to rise across most of the nation. This has created concern in some pundits that a housing bubble, like we saw ten years ago, is forming again. We want to explain why these concerns are unfounded. The current increase […]

by Hilton Head Real Estate Partners March 15, 2016 0 comments
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