Majority Believe Home Prices Will Continue Rising

Posted Leave a commentPosted in Buying a new (to you) home., Financing, Market Direction, Statistics

According to a recent Gallup poll, only 10% of respondents believe that prices will fall. The remaining 90% are split between rising and staying the same, at 64% and 26% respectively. In 2009, during the recession, only 22% of respondents believed home prices would be going up soon. Because of rising house prices, about the […]

Rising House Prices Lead to Longer Commutes

Posted Leave a commentPosted in Buying a new (to you) home., Housing shortage, Market Direction

It’s no secret that many people dream of living in California. This comes at the cost of an average statewide house price over twice the national average, for a number of reasons. Despite its size, California is limited in amount of vacant land available, as a result of both the high population and topographical constraints. […]

Buyers regaining confidence in the market as homeowner confidence drops

Posted Leave a commentPosted in Financing, Housing shortage, Market Direction

Many prospective home buyers still don’t think they can afford a down payment just yet, but they’re becoming hopeful. Lenders are more willing to loan to first-time buyers, and the sheer demand is, perhaps artificially, inflating morale. Buyers are aware they need to make sacrifices, though. Over half are willing to take up a second […]