John Hrisco & Associates is proud to announce the launch of our new mobile app, now available in the App Store and Google Play, be sure to download it now! In an effort to engage with our customers and clients on a more personal basis, John Hrisco & Associates has partnered up with Appsme to Crea
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12/14/2014
Homes sales have increased in every price point over last year except in the range under 100k. This can be attributed to a decrease in distressed and foreclosure sales over the past year or so, which is a good thing for the housing market.
12/14/2014
Below are the headlines from three separate news releases issued over a one month period: 11/3/2014 - Millions of Potential New Households Waiting Out the Recovery 11/11/2014 - Experts: First-Time Homebuyers' Weak Finances Holding Back Housing Market And then, the contrarian view: 12/2/2014 - In
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12/14/2014
The Mortgage Bankers Association, the National Association of Realtors, Fannie Mae and Freddie Mac are each projecting mortgage interest rates to increase substantially over the next twelve months. What will that mean to the housing market in 2015? Last week, we posted a graph showing that home
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12/14/2014
A few days ago, HousingWire reported that both Fannie Mae and Freddie Mac formally announced their 3% down options on home purchases. Fannie Mae’s plan will be effective December 13, 2014 while the Freddie Mac plan will be available March 23, 2015. The HW article quotes FHFA Director Mel Watt: “
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12/14/2014
CNBC’s Diana Olick recently reported that rents in the residential housing sector continued to rise in 2014. She interviewed Jed Kolko, Chief Economist at Trulia, who revealed: "Rents are rising because of strong demand that supply hasn't kept up with. Nearly all the new households are renters,
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12/14/2014
7 Graphs that Prove the Real Estate Market is Back! Over the past several weeks, we have shared multiple posts with you with information from industry experts that state in basically every factor of the marketplace, that the real estate market is back! Isn't it time for you to get off the fence
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12/05/2014
There are some who are calling for a substantial drop in home prices should mortgage interest rates begin to rise rapidly. Intuitively that makes sense. The cost of a home is determined by the price of the home and the price of financing that home. If mortgage interest rates increase, less peopl
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12/04/2014
As we finish 2014, it appears the real estate market is once again on solid footing and ready to advance forward over the next few years. The strength of the market can be viewed using two metrics: projected home values and projected house sales. We recently reported that the Home Price Expectat
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12/04/2014
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-6%). Every other category showed a minimum incr
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12/04/2014