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Archives

The 2020 Real Estate Projections That May Surprise You

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January 2, 2020 - General Information
This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing [...] Read More
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Monica Foster January 2, 2020

2020 Forecast Shows Continued Home Price Appreciation

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December 23, 2019 - General Information
Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year: Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed [...] Read More
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Monica Foster December 23, 2019

Have You Budgeted for Closing Costs?

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December 9, 2019 - General Information
Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain [...] Read More
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Monica Foster December 9, 2019

The Cost of Renting vs. Buying a Home

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November 15, 2019 - General Information
Some Highlights: Historically, the choice between renting and buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), [...] Read More
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Monica Foster November 15, 2019

Forget the Price of the Home. The Cost is What Matters.

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November 7, 2019 - General Information
Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic [...] Read More
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Monica Foster November 7, 2019

How to Determine If You Can Afford to Buy a Home

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October 30, 2019 - General Information
The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two [...] Read More
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Monica Foster October 30, 2019

Think Prices Have Skyrocketed? Look at Rents.

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October 24, 2019 - General Information
Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light [...] Read More
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Monica Foster October 24, 2019

Depending on the Price, You’re Going to Need Advice

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October 22, 2019 - General Information
To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. In real estate today, there are essentially three different price points in the [...] Read More
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Monica Foster October 22, 2019

3 Signs the Housing Market Is on the Rebound

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October 3, 2019 - General Information
The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound. 1. Existing Home Sales (closed sales) are up, marking two consecutive [...] Read More
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Monica Foster October 3, 2019

How Does the Supply of Homes for Sale Impact Buyer Demand?

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September 30, 2019 - General Information
The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise. The price of [...] Read More
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Monica Foster September 30, 2019
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Monica M. Foster

Monica M. Foster
The Monica Foster Team

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