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58% Of Homeowners See A Drop In Home Values Coming

According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. They believe home values will drop significantly. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.     The two major causes of the housing crash were: A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms....
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Home Sale Prices Continue to Climb

Home sale prices in the San Antonio area continued their steady year-over-year growth with a total of 2,981 homes sold in July, a six percent increase from the same time last year according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. Just over half the homes sold last month were priced in the mid-range between $200,000 and $500,000 while homes priced under $200,000 made up nearly 43 percent of the homes sold. Homes priced over $500,000 accounted for 5.4 percent of the month’s sales, 31...
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Homeowner’s Net Worth Is Still Greater Than A Re...

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)!  Put Your Housing Cost to Work for You As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every...
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Hey, Millennial Homeowners!! It May Be Time To Sel...

Contrary to what many believe, Millennials are not the ‘renter’ generation. A great many are homeowners. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise. Many Millennials took advantage of post housing crash prices and the First-Time Homebuyers’ Tax Credit and jumped into homeownership in 2010. If you are one of these homeowners, now may be the time to sell for many reasons. Here are a few: 1. Equity Build-Up Home prices...
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