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Ryan Critch Real Estate Blog

Tuesday, February 24, 2015   /   by Marie Berthe

The Truth About US Homeownership Rates

The Truth About US Homeownership Rates [INFOGRAPHIC]
 






 
To Discuss the Purchase of Your Dream Home Call/Text Me at 561-886-7476 (no obligation to Buy) and Start Packing.
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Ryan Critch, The Real Estate Expert
CEO Ocean400 International Realty
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Tuesday, February 24, 2015   /   by Marie Berthe

4 Steps to Becoming a Listing Machine [FREE WEBINAR]

4 Steps to Becoming a Listing Machine [FREE WEBINAR]
 





To Discuss the Purchase of Your Dream Home Call/Text Me at 561-886-7476 (no obligation to Buy) and Start Packing.
Here is what our Happy Customers say about Us!
Ryan Critch, The Real Estate Expert
CEO Ocean400 International Realty
561-886-7476 ...

Monday, February 23, 2015   /   by Marie Berthe

A Year of Housing Opportunity by Ocean400 International Realty

 
2015: A Year of Housing Opportunity 
                


 



Many believed that when the housing market crashed, so too would the desire of American’s to own a home again. Many reports have shown that, especially among younger generations, the American Dream of homeownership is still very much alive.
Julián Castro, Secretary for HUD, recently summed up what it means to own a home in a speech at the National Press Club.

"Homeownership is still the cornerstone of the American Dream — a fact you can see in the lives of everyday folks.
It’s a source of pride. It’s a source of wealth, providing both a nest and a nest egg. And it strengthens communities and fuels growth in the overall economy."

Castro appropriately named his speech, “2015: A Year of Housing Opportunity”, a theme that rang true throughout.

“Opportunity is not an ...

Monday, February 23, 2015   /   by Marie Berthe

The most recent Home Price Expectation Survey

Home Prices: A 5-Year Outlook
 





With inventory presently below historically normal levels, current & future home prices have been the topic of many real estate conversations. The most recent Home Price Expectation Survey was just released; giving insight into where experts believe prices will be leading up to 2019.
Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100 experts into a single number.
Here are some highlights from their latest survey:

Home values will appreciate by 4.4% in 2015.
The cumulative appreciation will be 19.3% by 2019.
That means the average annual appreciation will be 3.6% over the next 5 years.
Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 11.7% by 2019.

Individual op ...

Monday, February 23, 2015   /   by Marie Berthe

Homeownership Rates

Homeownership Rates: Are They Really Crashing?
 




The Census recently released their 2014 Homeownership Statistics, and many began to worry that Americans have taken a step back from the notion of homeownership.
Easy… Chicken Little
The national homeownership rate peaked in 2004, representing a 69.2% of Americans who bought vs. rented their primary residence. Many have noticed a decline in rate since then and taken that as a bad sign.
However, if you look at the national rate over the last 30 years (1984-2014), you can see that the current homeownership rate has returned closer to the historic norm. 2014 ended the year with a rate of 64% just under the rate in 1985 and 1995.

Bottom Line
With interest rates and prices still below where experts predict, evaluate your ability to purchase a home with a local real estate professional.

To Discuss the Purchase of Your Dream Home Call/Text Me at 561-886-7476 (no obligation to Buy) and Start Packing.
Ryan Critcd ...