Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]

by MyHomeIdaho | Jul 14, 2018 | For Sellers, Infographics, Move-Up Buyers |

Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw...

House-Buying Power at Near-Historic Levels

by MyHomeIdaho | Jul 13, 2018 | Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing |

We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American...

Rising Interest Rates Have Not Dampened Demand

by MyHomeIdaho | Jul 12, 2018 | First Time Home Buyers, For Buyers, Interest Rates, Millennials, Move-Up Buyers |

Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently...

How Long Do Most Families Live in a House?

by MyHomeIdaho | Jul 11, 2018 | For Sellers, Housing Market Updates, Move-Up Buyers |

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the...

The #1 Reason to List Your House for Sale NOW!

by MyHomeIdaho | Jul 10, 2018 | For Sellers, Housing Market Updates, Move-Up Buyers |

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on...

Cost Across Time [INFOGRAPHIC]

by MyHomeIdaho | Jul 7, 2018 | First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers |

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes on your...