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If You Are Thinking of Selling, Now Is The Time

By Robert Mays | April 18, 2016

If You Are Thinking of Selling, Now Is The Time | Simplifying The MarketIf you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.

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The Top Reasons Why Americans Buy Homes

By Robert Mays | April 13, 2016

The Top Reasons Why Americans Buy Homes| Simplifying The MarketLast week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership.

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Yes, Home Prices Are Rising. No, a New Housing Bubble is NOT Forming

By Robert Mays | March 15, 2016

Yes, Home Prices Are Rising. No, a New Housing Bubble is NOT Forming | Simplifying The MarketWe recently reported that home prices are continuing to rise across most of the nation. This has created concern in some pundits that a housing bubble, like we saw ten years ago, is forming again. We want to explain why these concerns are unfounded.

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What If I Wait Until Next Year To Buy A Home?

By Robert Mays | March 14, 2016

What If I Wait Until Next Year To Buy A Home? | Simplifying The MarketAs a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

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Study Again Finds Homeownership to be a Better Way of Producing Wealth

By Robert Mays | March 8, 2016

Study Again Finds Homeownership to be a Better Way of Producing Wealth | Simplifying The MarketAccording to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting.

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One More Time, Real Estate is a Great Investment

By Robert Mays | March 2, 2016

One More Time, Real Estate is a Great Investment | Simplifying The MarketIn a recent blog post on Marginal Revolution, economist Alex Tabarrok discussed homeownership as an investment.

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Existing Home Sales Rebound in December

By Robert Mays | January 25, 2016

Existing Home Sales Rebound in December | Simplifying The MarketThe National Association of Realtors (NAR) just released their latest Existing Home Sales Report on Friday. Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago.

While this is great news for the housing market, let’s take a look at one of the main reasons why there was such a large increase in sales.

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Should I Buy Now Or Wait Until Next Year? [INFOGRAPHIC]

By Robert Mays | January 22, 2016

Some Highlights:

The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
Freddie Mac predicts interest rates to rise to 4.8% by next year.
CoreL…

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What Do You Actually Need to Get a Mortgage?

By Robert Mays | January 21, 2016

What Do You Actually Need to Get a Mortgage? | Simplifying The MarketFannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways:

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Rents Still Skyrocketing

By Robert Mays | January 20, 2016

Rents Still Skyrocketing | Simplifying The MarketZillow recently revealed that the 43 million renter households in the US spent $535 billion on rent in 2015. Aggregate numbers like these often make it difficult to truly assess a situation. For more clarity, we want to share some points that were made in a Wall Street Journal article earlier this month.

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