North Idaho Homes for Sale – Page 59 – Real Estate Services by Michiyo Tower, CIPS, MRP, SFR

New Homes Coming to the Housing Market This Year

For Buyers· For Sellers· Housing Market Updates· New Construction

9 Mar

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Construction ... Read More about New Homes Coming to the Housing Market This Year

The Difference an Hour Makes [INFOGRAPHIC]

For Buyers· For Sellers· Infographics

6 Mar

Some Highlights: Don’t forget to set your clocks forward this Sunday, March 8 at 2:00 AM EST in observance of Daylight Saving Time, unless you’re a resident of Arizona or Hawaii! Every hour in the United States, 568 homes are sold and median home values rise by $1.92. As we “spring forward” ... Read More about The Difference an Hour Makes [INFOGRAPHIC]

Impact of the Coronavirus on the U.S. Housing Market

For Buyers· For Sellers

5 Mar

The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the ... Read More about Impact of the Coronavirus on the U.S. Housing Market

Real Estate Is Soaring, But Not Like 2008

For Buyers· For Sellers· Housing Market Updates· Pricing

4 Mar

Unlike last year, the residential real estate market kicked off 2020 with a bang! In their latest Monthly Mortgage Monitor, Black Knight proclaimed: “The housing market is heating entering 2020 and recent rate declines could continue that trend, a sharp contrast to the strong cooling that was ... Read More about Real Estate Is Soaring, But Not Like 2008

How Interest Rates Can Impact Your Monthly Housing Payments

First Time Home Buyers· For Buyers· Interest Rates· Move-Up Buyers

3 Mar

Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor. Freddie Mac explains: “If you’re in the market to ... Read More about How Interest Rates Can Impact Your Monthly Housing Payments

How Your Tax Refund Can Move You Toward Homeownership This Year

Buying Myths· Down Payments· First Time Home Buyers· For Buyers

2 Mar

If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year. Based on data released by the Internal Revenue Service (IRS), Americans can expect an ... Read More about How Your Tax Refund Can Move You Toward Homeownership This Year

How Much “Housing Wealth” Can You Build in a Decade?

First Time Home Buyers· For Buyers· Move-Up Buyers· Pricing

27 Feb

Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership. Below are three graphs depicting the most ... Read More about How Much “Housing Wealth” Can You Build in a Decade?

Thinking of Selling? Now May Be the Time.

For Buyers· For Sellers· Housing Market Updates

26 Feb

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%. The Census Bureau also just reported ... Read More about Thinking of Selling? Now May Be the Time.

Entry-Level Homeowners Are in the Driver’s Seat

For Sellers· Pricing

25 Feb

One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020. Why is this good news for the ... Read More about Entry-Level Homeowners Are in the Driver’s Seat

Opportunity in the Luxury Market This Year

For Buyers· Housing Market Updates· Luxury Market· Move-Up Buyers

24 Feb

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 the past few years has come from ... Read More about Opportunity in the Luxury Market This Year

Interest Rates Over Time [INFOGRAPHIC]

For Buyers· Infographics· Interest Rates

21 Feb

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 ... Read More about Interest Rates Over Time [INFOGRAPHIC]