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The Return Of The Gen X Home Buyer

Edward McNulty Real Estate Leave a Comment

Generally, Generation X is used to refer to people born in the 1960s and ’70s. Because they reached peak home buying age right around the time home prices began to drop, many found themselves underwater on their mortgage and unable to sell their house and upgrade to a larger home. Now, according to the National Association of Realtors 2017 Home …

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What New Homeowners Say They’d Do Differently

Edward McNulty Real Estate Leave a Comment

Buying a house is no small purchase. So you definitely don’t want to find yourself regretting your choice after you’ve signed the papers and settled in. But though we all know it’s an important decision and one to be taken seriously, a lot of new homeowners say they’d do things differently if they had the chance to go through the …

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How Inflation Might Affect The Housing Market

Edward McNulty Real Estate Leave a Comment

The dictionary definition of inflation is a “substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency.” In other words, inflation means you get less bang for your buck. And, according to a new outlook from Freddie Mac, it has shown signs it may …

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Home Buyer Demand Hits Post-Recession High

Edward McNulty Real Estate Leave a Comment

Though this year’s real estate market may not look as buyer friendly as it has in recent years, demand is at its highest level since the Great Recession, according to the National Association of Realtors’ chief economist, Lawrence Yun. Yun says Americans are feeling more confident about their financial status due to better job prospects and recent stock market gains. …

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Despite Challenges Outlook Sees Growth Ahead

Edward McNulty Real Estate Leave a Comment

The housing market is always evolving – and at different rates depending on where you live. Whether you’re looking at new home construction or mortgage rates, the numbers are always in flux. Because of this, Fannie Mae’s monthly Economic & Strategic Research Group releases a monthly Economic and Housing Outlook to analyze where things may be headed. According to their …

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Buying A Home Remains An Affordable Choice

Edward McNulty Real Estate Leave a Comment

Despite rising prices and higher mortgage rates, an analysis of homes sold during the final quarter of 2016 found that 59.9 percent of both new and existing homes were affordable to a family earning the median income of $65,700. The numbers – from the National Association of Home Builders Housing Opportunity Index – show that the majority of homes available …