J. Kent Erickson, Broker Associate
Direct / 208.447.7848

Moving Up to Your Dream Home? Don’t Wait!

Posted by on Aug 31, 2018 in Uncategorized | 0 comments

Moving Up to Your Dream Home? Don’t Wait! Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true. Where are home values today compared to the beginning of the year? While rates have been rising, so have home values. Here are the most recent monthly price increases reported in the Home Price Insights Report from CoreLogic: January: Prices were up 0.5% over the month before. February: Prices were up 1% over the month before. March: Prices were up 1.4% over the month before. Not only did prices continue to appreciate, the level of appreciation accelerated over the first quarter. CoreLogic believes that home prices will increase by 5.2% over the next twelve months. How can prices...

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Is Your First Home Within Your Grasp Now?

Posted by on Aug 29, 2018 in Uncategorized | 0 comments

Is Your First Home Within Your Grasp Now? [INFOGRAPHIC] Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp...

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Renters Under 50 Want to Buy a Home!

Posted by on Aug 27, 2018 in Uncategorized | 0 comments

Renters Under 50 Want to Buy a Home! Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: Assuming you had the financial resources to do so, would you like to OWN instead of RENT your primary residence? Over three-quarters of respondents under the age of 50 said that they would prefer to own their home, rather than rent. While only 52.6% of those over 50 would prefer to own. The full breakdown can be found in the chart below. When renters were asked what the average probability of owning a primary residence at some point in their future was, 66.4% of those under...

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Access: An Important Factor in Getting Your House SOLD!

Posted by on Aug 24, 2018 in Uncategorized | 0 comments

Access: An Important Factor in Getting Your House SOLD! So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home. Here are five levels of access that you can give to buyers, along with a brief description: Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience. Providing a Key to the Home – although the...

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Homeownership: “A Man is Not a Complete Man, Unless He Owns a House”

Posted by on Aug 22, 2018 in Uncategorized | 0 comments

Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House” The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. The homeownership rate in the first quarter of 2018 was 64.2%, higher than last year’s 63.6%. Chief Economist, Dr. Ralph McLaughlin, in his VUE Blog gave these new homeownership numbers some context: “The trend is clear: the homeownership rate has been ticking up for five consecutive quarters, and the number of new renter households has fallen for four consecutive quarters. Owner-occupied households grew by 1.345 million from a year ago, while the number of...

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