The Team Hinton Real Estate Group blog is a place for all the latest news and updates about the Real Estate market will appear. Learn all about the latest and greatest tips and tricks to buying a home or selling a home. Also, get the latest updates about Team Hinton and our ever growing team of real estate agents in Ypsilanti, Michigan.
Get ready for another strong year in the 2018 housing market! U.S. home values and sales volume will continue to rise in 2018. Find out how you can maximize your Real Estate selling or buying this coming year.
Read MoreThe housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will continue to strengthen in 2018.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.
Here are the thoughts of a few industry experts on the subject:
National Association of Realtors
“Total housing inventory at the end of November dropped 7.2 percent to 1.67 million existing homes available for sale, and is now 9.7 percent lower than a year ago (1.85 million) and has fallen year-over-year for 30 consecutive months. Unsold inventory is at a 3.4-month supply at the current sales pace, which is down from 4.0 months a year ago.”
Joseph Kirchner, Senior Economist for Realtor.com
“The increases in single-family permits and starts show that builders are planning and starting new construction projects, that’s a good thing because it will help to relievethe shortage of homes on the market.”
Sam Khater, Deputy Chief Economist at CoreLogic
“Inventory is tighter than it appears. It’s much lower for entry-level buyers.”
If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.
It can be hard to move to a new town. Leaving all your friends and family behind can add a lot of unnecessary stress to the relocation. It can be daunting, but the Hinton Real Estate Group has 10 Tip to Turn your Neighborhood into a Hometown Haven! Things like, Join an Interest Group, Start a Garage Sale, Attend an Event, Take a Class and a bunch more! You also Download this article by clicking the 'Download this Article' button at the bottom.
Read MoreSpring is officially here, and it's time to open the windows and give your home a good, deep, clean. A good place to start is by making a list of what you want to accomplish. Houzz.com has some great suggestions.
Read MoreWith those in cold climates preparing for snow, plus holidays and social gatherings everywhere you turn, December is a notoriously busy month. But with a little preparation (and some extra time carved out for finding your Zen), you can savor the best of the season, from winter walks to hot cocoa. Check off these tasks for a less hectic, more harmonious month.
Read MoreThe federal Energy Information Administration estimates that up to 30%of the average home’s heat loss literally goes out windows and doors.
Luckily, though, this drain on your warm air and wallet is easy to fix if you know how to seal windows—and this project is quite easy even for the least handy of homeowners to do themselves. Read on for the steps to take!
Read MoreThe Team Hinton Real Estate Group is a Buyer's Boutique that is dedicated to making your home buying or selling experience the best and mist enjoyable experience it an be!
