Greg King

Greg King

National Association of Realtors ShortSale Foreclosure Resource
S.0070665.LLC

Blog

More Young People Are Buying Homes

By G.King - October 25, 2021
  There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home because of this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their

What Does Being in a Sellers’ Market Mean?

By G.King - October 22, 2021
  Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a severe sellers’ market. But what does that mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The latest Existing Home Sales Report from the&nbs

A Look at Home Price Appreciation and What It Means for Sellers

By G.King - October 20, 2021
  When you hear the phrase home price appreciation, what does it mean to you? Through context clues alone, chances are you know it has to do with rising home prices. And as a seller, you know rising home prices are good news for your potential sale. But let’s look past the dollar signs and dive deeper into the concept. To truly understand home price appreciation, you need to kno

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

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

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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