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The Lux Group Blog

Monday, June 4, 2018   /   by Michelle Haggstrom

Moving On

Is home maintenance becoming a burden?  Do you want to be closer to your children?  Are there services that you need that are not available at home?  Is something forcing you to consider a move?  Maybe it’s time to talk to a Senior Real Estate Specialist.

Some things we’ll talk through with you include:

1.  Housing and Aging in Place Options

2.  Financial and Legal Considerations

3.  Selling Your Current Home and Downsizing

Give us a call today.

Sapphire Properties, a member of The LUX Group - 800-942-9561 - Ask for Michelle Haggstrom or Susan Roser

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Tuesday, May 8, 2018   /   by Jen Roux

Is Worrying about another BUBBLE Stopping you from buying now???

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again
 
With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that explain why:

1. Home Prices   2.  Mortgage Standards  3.  Mortgage Debt  4.  Housing Affordability

1. HOME PRICES
There is no doubt that home prices have reached 2006 levels in many markets across the country. However, after more than a decade, home prices should be much higher based on inflation alone.
Frank Nothaft is the Chief Economist for CoreLogic (which compiles some of the best data on past, current, and future home prices). Nothaft recently explained:
“Even though CoreLogic’s national home price index got to the same level it was at the prior peak in April of 2006, once you ac ...

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  #sold #soldbyjenroux #timetosell

Thursday, March 29, 2018   /   by Jen Roux

5 Reasons Why to Sell This Spring!

Here are five reasons listing your home for sale this spring makes sense.
1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market.


2. There Is Less Competition Now
Housing inventory has declined year over year for the last 32 months and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory could be coming to the market soon.
Historically, the avera ...

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  #sold #soldbyjenroux #timetosell

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