Did Tax Reform Kill the Luxury Market? NOT SO FAR!

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Did Tax Reform Kill the Luxury Market? NOT SO FAR! | Simplifying The MarketThe new tax code limits the deduction of state and local property taxes, as well as income or sales taxes, to a total of $10,000. When the tax reform legislation was put into law at the beginning of the year, some experts felt that it could have a negative impact on the luxury housing market. […]

4 Reasons Why Summer Is a Great Time to Buy a Home!

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4 Reasons Why Summer Is a Great Time to Buy a Home! | Simplifying The MarketHere are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year. Home […]

Will Home Prices Fall as Mortgage Rates Rise?

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Will Home Prices Fall as Mortgage Rates Rise? | Simplifying The MarketMortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry […]

5 Reasons Why to Sell This Summer!

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5 Reasons Why to Sell This Summer! | Simplifying The MarketHere are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More […]

More Than Half of All Buyers Are Surprised by Closing Costs

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More Than Half of All Buyers Are Surprised by Closing Costs | Simplifying The MarketAccording to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees […]

Why Are So Few Homes for Sale?

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Why Are So Few Homes for Sale? | Simplifying The MarketThere is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the […]