2015: The Return of the Millennial Home Buyer
Earlier this month, Zillow predicted that millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old) by the end of 2015. Dr. Stan Humphries, Zillow Chief Economist, explained:
"Roughly 42 ...
Posted by Josh Barker on December 31, 2014 in Josh's Blog
Homeownership is Best Way To Build Wealth
The New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an ...
Posted by Josh Barker on December 19, 2014 in Josh's Blog
Breaking News: Fannie and Freddie formally announce 3% Down Programs
Yesterday, HousingWire reported that both Fannie Mae and Freddie Mac formally announced their 3% down options on home purchases. Fannie Mae’s plan will be effective December 13, 2014 while the Freddie Mac plan will be available March 23, 2015....
Posted by Josh Barker on December 16, 2014 in Josh's Blog
The Real Estate Market Has Turned The Corner
As we finish 2014, it appears the real estate market in Shasta County is once again on solid footing and ready to advance forward over the next few years. The strength of the market can be viewed using two metrics: projected home values and ...
Posted by Josh Barker on December 5, 2014 in Josh's Blog
Sales Up in almost Every Price Range
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a ...
Posted by Josh Barker on December 2, 2014 in Josh's Blog