Tad Williams Blog

Staying in your home

Posted by Tad Williams on July 10, 2018 in  market update
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2014, that average is almost ten years – an increase of almost 50%. ... read more
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House market

Posted by Tad Williams on June 08, 2018 in No Category
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal. When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the same neighborhood that recently closed) to defend the selling price when performing the appraisal for... read more
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5 ways tax reform has impacted the 2018 housing market

Posted by Tad Williams on May 10, 2018 in  Real Estate
Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. Now that the first quarter numbers are in, we can begin to decipher the actual impact tax reform has had on the real estate market. 1. Has tax reform killed off home buyer de... read more
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Interest Rates 2018

Posted by Tad Williams on April 13, 2018 in  Home buying
Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from 3.95% in the first week of January to 4.40% in the first week of April. At first glance, the difference between these numbers in such a short amount of time could be concerning, but if we look at it more clos... read more
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Feb

Posted by Tad Williams on February 10, 2018 in  Real Estate

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