Greg King

Greg King

National Association of Realtors ShortSale Foreclosure Resource
BS.0146288

Blog

Are Houses Less Affordable Than They Were in Past Decades?

By G.King - October 15, 2021
    There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s essential to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens if we go back to 1985? Or even 1975? The price of a home

Looking for a Place To Call Home? Consider a Condominium.

By G.King - October 13, 2021
    It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. Trends indicate condos are gaining popularity among buyers. In t

The Community and Economic Impacts of a Home Sale

By G.King - October 11, 2021
    If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They have a significant impact on your community and the en

Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

By G.King - October 08, 2021
    In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.” However, it seems buyers are now shifting their preferences back to exi

Sellers: Make Today’s Home Price Appreciation Work for You

By G.King - October 06, 2021
    Home prices continue to rise as we move through the summer, which is good news for sellers looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should ask is: will this price appreciation last? Here’s what three leading industry experts have to say about what lies ahead: La

With Rents on the Rise – Is Now the Time To Buy?

By G. King - October 04, 2021
    According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluct

Key Questions To Ask Yourself Before Buying a Home

By G.King - October 01, 2021
    Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision. Before you decide whether you’re ready to buy a home, you should know how to answer these three q

Home Sellers: There Is an Extra Way To Welcome Home Our Veterans

By G. King - September 29, 2021
  Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR): “Conventional conforming mortgages (mortgages that conform to guidelines set by Fannie Mae and Freddie Mac), accounted for 74% of mortgages obtained by homebuyers in May 2021, an increase from about 65% during 2018

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

By G. King - September 27, 2021
  With forbearance plans about to end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the last housing crash, about 9.3 million households lost their home to a foreclosure, short sale,

A Look at Housing Supply and What It Means for Sellers

By G. King - September 24, 2021
  One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and likely, more offers. But as life begins to return to no

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