Pony 4 Precious: Where Compassion Meets Connection for a Life-Changing Experience

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 important data revealed in the study. How much have home prices increased? One of the first measures of the financial benefits of homeownership is the net worth (in the form of equity) an owner can build over time. The study showed the average increase in home values based on how long homeowners stayed in a home. What was the percentage of appreciation? Another way to look at this is by the percentage increase in value over time, called appreciation: Was this appreciation consistent throughout the country? Today, when we think of markets that have done well over the last decade, we have a tendency to think about San Francisco, San Diego, Seattle, and other We...

The housing market has started off much stronger this year than it did last year states Mike Eastwood Chief Executive Officer of West USA Realty of Prescott talks about.  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  the  highest homeownership rate  since 2014 for people under 35. This is evidence that owning their own home is becoming more important to Millennials as they reach the age where marriage and children are part of their lives. According to the latest  Realtors Confidence Index Survey  from the  National Association of Realtors  (NAR),  buyer demand across the country is strong . That’s not the case, however, with seller demand, which remains weak throughout most of the nation. Here’s a breakdown by state: Demand for housin...

Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes states Mike Eastwood Chief Executive Officer at West USA Realty of Prescott.” 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 first-time buyers looking for starter homes. It looks like buyer activity, however, it is starting to show a shift in this segment. According to the January Luxury Report from the Institute for Luxury Home Marketing (ILHM): “In a snapshot of 2019, despite pessimism at the start of the year, the last quarter showcased a strengthening, with an upswing in the luxury market for sales in both the single-family and condo markets.” Momentum is growing, and those looking to enter the luxury market are poised for success in 2020 as well. With more inventory available at the upper-end, historically...