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NAR-backed Condo Legislation Passes U.S. Senate, Offers Relief for Homebuyers

Source: www.realtor.org Link to Article WASHINGTON (July 14, 2016) — The U.S. Senate tonight passed H.R. 3700, the “Housing Opportunity Through Modernization Act,” by unanimous consent. This legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions, and is long supported by the National Association of Realtors®. Changes include efforts […]

Birschbach Team 2016 1st Quarter Real Estate Report

  We are posting our 1st Quarter Newsletter to share our knowledge and the data that is part of the information we use to form our opinions regarding the market so that you may have a clearer picture of what is happening in our local market. We welcome any questions, observations, etc… you may have […]

Should Millennials Rent or buy?

Source: www.realtor.org Link to Article A tougher call for younger house hunters, especially in California, if mortgage rates rise Buying a home is 23% cheaper than renting nationwide for millennials and now is the best time to buy since 2012 when interest rates were a tad lower. Trulia’s Rent vs. Buy Report has traditionally assumed […]

Your New Buyer: The Landlord Parent

Source: www.realtor.org Link to Article   Parents are increasingly helping their adult children financially purchase a home, finding themselves in a new role going from parent to landlord. College graduates struggling to pay rent or save up for a down payment in high-cost metros are turning to their parents for help. Parents are buying up […]

Birschbach Team 2015 Annual Real Estate Report

  We are posting our Annual Newsletter to share our knowledge and the data that is part of the information we use to form our opinions regarding the market so that you may have a clearer picture of what is happening in our local market. We welcome any questions, observations, etc… you may have about […]

4 Must-Know Tips for Buying, Selling in 2016

Source: www.realtor.org Link to Article   What do buyers and sellers need to know to be smart about the housing market in 2016?   “The 2016 housing market is forecasted to be mainly a seller’s market, filled with increasing home prices, relatively low inventory and fierce competition between buyers,” says Jonathan Smoke, chief economist for […]

2016 to Bring Modest Increase in Home Sales

Source: www.rismedia.com/ Link to Article Following the housing market’s best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a more moderate pace as pent-up buyer demand combats affordability pressures and meager economic growth, according to National Association of REALTORS®Chief Economist Lawrence Yun in a newly-released video on his 2016 […]

Foreclosure Inventory Drops As Economy Improves [INFOGRAPHIC]

Source: www.keepingcurrentmatters.com Link to Article   Some Highlights: Foreclosure Inventory has dropped year-over-year for the last 4 years (48 months). Only 3.4% of US homes are in serious delinquency. 29 states have a foreclosure inventory rate lower than the national average. For more information you can download the full report here

Birschbach Team 2014 1st Quarter Market Update

We are posting our Quarterly Newsletter in our first post to the new blog we’ve created. Sharing our knowledge and the data that is part of the information we use to form our opinions regarding the market so that you may have a clearer picture of what is happening in our local market is important […]