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h1 class=entry-title style=text-align: center;The #1 Reason to Put Your House on The Market TODAY!/h1

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pThe emNational Association of Realtors/em (NAR) released the results of their latest ema title=Existing Home Sales Report href=https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales target=_blank rel=noopener noreferrerExisting Home Sales Report/a/em which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite /p

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p…/p

pThe post a href=https://www.shanewillis.com/podcast/trolls-abound-always/Trolls Abound Always/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p

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h1 class=entry-titleSingle-family rentals continue to surge in price nationwide/h1

div class=entry-subtitleLas Vegas, Phoenix and Orlando experienced the highest rent hikes, tallying increases of more than 5%/div

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pRenters nationwide are out of luck — the average cost of rent jumped nearly 3 percent in April to an average of $1,405, according to property analytics provider CoreLogic’s Single-Family Rent Index, released Tuesday./p

pNationwide, median rent prices surged 2.9 percent in April and rose 0.3 percent year-over-year, according to the index. Las Vegas, Phoenix and /p

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p…/p

pThe post a href=https://www.shanewillis.com/podcast/lets-play-monopoly-for-real/Lets Play Monopoly For Real/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p

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pWith home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago./p

pHere are four key metrics that will explain why:/p

ol

liHome Prices/li

liMortgage Standards/li

liForeclosure Rates/li

liHousing Affordability/li

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h4strong1. HOME PRICES/strong/h4

pThere is no doubt that home prices have reached 2006 levels in many markets across the country. …/p

pThe post a href=https://www.shanewillis.com/podcast/4-reasons-why-we-are-not-heading-toward-another-housing-bubble/4 Reasons Why We Are Not Heading Toward Another Housing Bubble/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p

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pThe Federal Reserve recently raised the prime interest rate, but that’s not the end of it. We can expect a total of a href=https://www.bloomberg.com/news/articles/2018-03-20/fed-seen-sticking-with-three-2018-rate-hikes-may-hint-at-fourth target=_blank rel=nofollow noopenerfour rate hikes/a in the next 12 to 18 months. So, what does this mean for Real Estate Clients?/p

h21. Waiting a few months to buy may result in waiting a few years to own/h2

pIn the short term, a small rate hike affects many buyers on the bubble from qualifying for a mortgage. Some of these buyers …/p

pThe post a href=https://www.shanewillis.com/podcast/rising-interest-rate-worry-5-ways-it-will-impact-housing/Rising Interest Rate Worry: 5 Ways it Will Impact Housing/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p

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pHome sales slumped in the second quarter despite what was likely the strongest period for U.S. growth in years, the latest sign that the economic expansion faces headwinds./p

pExisting-home sales slipped 0.6% in June from the previous month to a seasonally adjusted annual rate of 5.38 million, the National Association of Realtors said Monday. Compared with a year earlier, sales in June declined 2.2%./p

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pHome sales have now declined on an annual basis in five of the first six months /p

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p…/p

pThe post a href=https://www.shanewillis.com/podcast/home-sales-extend-slump-despite-economic-strength/Home Sales Extend Slump Despite Economic Strength/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p

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pAs the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (emforeclosures and short sales/em) continue to fall to their lowest points in years. There is no doubt that the housing market will continue to strengthen throughout 2018./p

pHowever, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory!/p

h4strongHere’s what a few industry experts /strong/h4

p…/p

pThe post a href=https://www.shanewillis.com/podcast/lack-of-listings-slowing-down-the-market/Lack of Listings Slowing Down the Market/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p

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h4Some experts are calling for a slowdown in the economy later this year and most economists a href=http://www.shanewillis.com/podcast/next-recession-in-2020-what-will-be-the-impact/emhave predicted/em (LISTEN TO THAT PREVIOUS PODCAST NOW) /athat the next recession could only be eighteen months away. The question is, what impact will a recession have on the housing market?/h4

pHere are the opinions of several experts on the subject:/p

h4strongIvy Zelman in her latest em“Z Report”/em:/strong/h4

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pem“While economic activity appears to have accelerated so far in 2018, some prominent economic forecasters /em/p

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p…/p

pThe post a href=https://www.shanewillis.com/podcast/housing-will-not-fall-victim-to-next-economic-storm/Housing Will Not Fall Victim to Next Economic Storm/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p

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pAcross the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market./p

pAccording to the emNational Association of Realtors /em(NAR), the a title=inventory of homes href=https://www.nar.realtor/newsroom/existing-home-sales-backpedal-decrease-04-percent-in-may target=_blank rel=noopener noreferrerinventory of homes/a for saleem “has fallen year-over-year for 36 consecutive months,” /emand now stands at a 4.1-month supply. A 6-month supply of inventory is necessary for a balanced …/p

pThe post a href=https://www.shanewillis.com/podcast/demand-for-homes-to-buy-continues-to-climb/Demand for Homes to Buy Continues to Climb/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p

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pYour buyers are about to close on a vacant house and must be out of their current property no later than the end of the month. There’s a delay that will push closing back to the third of the next month./p

pWhat harm could come of letting the buyers take possession a few days early?/p

pA friend recently asked me about a family member who was buying a home and had been allowed to fix up the home prior to …/p

pThe post a href=https://www.shanewillis.com/podcast/why-you-should-never-ever-let-buyers-take-possession-before-closing/Why you should never, ever let buyers take possession before closing/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p

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pAccording to the emRealtors Confidence Index/em from the emNational Association of Realtors/em, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017./p

pMany potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in ua title=March href=https://www.nar.realtor/research-and-statistics/research-reports/realtors-confidence-index target=_blank rel=noopener noreferrerMarch/a,/u 71% of first-time buyers and 54% of all buyers put less than 20% down./p

pRalph McLaughlin, emChief Economist /emandem Founder/em of emVeritas Urbis Economics/em, ua title=recently href=https://www.housingwire.com/articles/43216-is-the-rent-finally-too-damn-high-rent-households-fall-again-homeownership-holds-steady target=_blank rel=noopener noreferrerrecently/a/u shed …/p

pThe post a href=https://www.shanewillis.com/podcast/first-time-home-buyers-continue-to-put-down-less-than-6/First-Time Home Buyers Continue to Put Down Less Than 6%!/a appeared first on a href=https://www.shanewillis.comShane Willis/a./p