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Real Estate Market | Blog

Tuesday, November 05, 2019   /   by Brooke Cole

Six Home Inspection Myths

One of the most important steps in purchasing a home is the home inspection!
When you buy, the contract has a written number of days for you to have the home inspected before you decide whether you want to move forward. This home inspection period is crucial. During that time, if you determine you want to back out of the deal, you get your earnest money deposit back!

It's so important to see what a licensed inspector has to say of the house. At The Cole Team, we have a list of trusted inspectors you can use!

However, there are a few myths and misconceptions we hear regarding home inspections.

1. Pass/Fail
An inspector does not pass or fail a home on the inspection. The home inspector's job is to give you a closer look at any issues they might've found while inspecting the home. Once they send you the report on the defects found in the home, it's up to you to decide whether to move forward with the deal or to cancel.

2. Defects and Repairs
Don't assume a seller has to mak ...

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Friday, September 20, 2019   /   by Lauren McGinnis

Builder Confidence Hit A 2019 High!

Right now builder confidence has hit a high for 2019. According to National Association of Home Builders, the Wells Fargo Housing Market Index which measures builders attitudes, has reached a record 68 points this month.

The index has been holding in the mid 60 range since May of this year. Readings that are above 50 points are considered positive and show that builders are confident in moving forward with new construction. Low interest rates and a solid demand are continuing to fuel builders sentiments even thought there have been some ongoing supply challenges that have hindered the affordability of the housing being built. 

National Association of Home Builders (NAHB) Chief Economist Robert Dietz says, "Solid should formations and attractive mortgage rates are contributing to a positive builder outlook. However, builders are expressing growing concerns regarding uncertainty stemming from the trade dispute with China."  NAHB's home building index does indicate that t ...

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Friday, September 06, 2019   /   by Lauren McGinnis

Housing Market Sentiment Hits An All Time High

  Each month Fannie Mae conducts a survey of approx. 1,000 Americans via telephone interview. Fannie Mae's National Housing Survey is the most detailed consumer survey conducted right now. 

The goal of this survey is to assess their individual attitudes toward: 


Owning or renting their home
Home rental price changes 
Homeownership distress
The current economy 
Household finances
Overall consumer confidence

  The homeowners and renters surveyed are asked more than 100 questions. Their answers are used to help track shifts in their attitudes toward homeownership. Their answers will help industry partners and market participants target the collective efforts to stabilize the housing market. 

  The answers that Fannie Mae collects from the survey are then used to help create the Home Purchase Sentiment Index (HPSI). The HPSI takes all of the information gathered and creates a single number to be used. The number then reflects the c ...

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Friday, August 23, 2019   /   by Lauren McGinnis

July 2019 Housing Market Report

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Friday, August 16, 2019   /   by Lauren McGinnis

Is owning your first home within reach?

When you start looking for a home are you going to be a first time home buyer? If you are have you ever thought that maybe owning your own home wasn't within your reach? If you have, you are not the only one to feel that way! According to the National Association of Realtors' most "older millennials" also feel that same way.

Based on a recent survey by the National Association of Realtors the largest group of first time homebuyers is people aged 25 - 36 (Older Millennials) right now in the us. With the median age being 32 years old. More and more "older millennials" are realizing that their dream of homeownership is actually within their reach right now! 

So much so that of the population of new homeowners almost 90% of first time buyers fit into the "older millennials" grouping.

That 90% group can be broken down into these smaller groups: 


54% are married couples purchasing a home for the first time
18% are single females
10% are single males
16% are couple ...

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