2017 May Office Meeting Agenda
Please click on the links below to download the agenda:
2017 1st Quarter Quick Market Recap
April Quick Recap
There is no Housing Bubble
House Prices will is on a very low risk to fall for the next two years based on ARCH MI’s report.
Higher Affordability does not mean No Affordability
Affordability Index Increased but that is still lower than historic average. Meaning a lot of people can afford housing.
March Quick Recap
Increasing Home Prices Index (HPI)
Home Prices is predicted to rise by 4.8% year over year from Jan 2017 to Jan 2018. Home prices indicated strong future growth,
HOT Buyer & Seller Market
Regain in Home Equity is helping Gen X to sell and upgrade to a bigger home. Increases in Home Purchase Sentiment Index (HPSI) shows that Millennials are eager to buy more than ever.
Low Inventory & Crazy Demand for Low to Mid-Level Price Point.
A lot of buyers esp. first time home buyers are flocking to buy low to Mid-level priced property. Selling agent need to work with getting offer accepted.