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  • Conway Real Estate Blog

    Tuesday, July 11, 2017   /   by Cat Goldman

    WHY YOU NEED TO SELL THIS SUMMER

    The market is hot, hot, hot! With interest rates at an all time low for buyers, the market has turned into a feeding frenzy, and home sales are skyrocketing in prices. In such a high demand, seller's market, homes are selling for record breaking prices, which means more money in your pocket. If you have been considering selling your home, doing so in today's market will bring you a larger sales price. Don't wait for the market to shift when interest rates begin to start going up again. The National Association of Realtors has gathered data to predict a strong 6 months of sales throughout the United States. And with such a large group of buyers hunting for homes during the summer months, you have a great potential to sell your home quickly, and move on to bigger and better things sooner.






    This is also a great buying opportunity if you are wanting to transition into a new home. Low interest rates equate to more savings. You could potentially end up getting a bigger h ...

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    Friday, June 23, 2017   /   by Jack O'Neal

    The Importance of Home Equity in Retirement Planning?

    The Importance of Home Equity in Retirement Planning




    We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can be in retirement planning.
    Craig Copeland, Senior Research Associate at EBRI, recently authored a report, Importance of Individual Account Retirement Plans and Home Equity in Family Total Wealth, in which he reveals:

    “Individual account retirement plan assets, plus home equity, represent almost all of what families have to use for retirement expenses outside of Social Security and traditional pensions. Those families without individual account assets typically have very low overall assets, so they have alm ...

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    Friday, June 23, 2017   /   by Jack O'Neal

    The Cost of Renting vs. Buying in the US [INFOGRAPHIC]

    The Cost of Renting vs. Buying in the US [INFOGRAPHIC]







    Some Highlights:





    Historically, the choice between renting or buying a home has been a tough decision.






    Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious.






    Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!




    Start your Home search today

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    Thursday, June 15, 2017   /   by Jack O'Neal

    Are Home Prices Approaching Bubble Territory?

    Are Home Prices Approaching Bubble Territory?





    As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that:

    “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.”

    Though that statement is correct, we must realize that just catching prices of a decade ago does not mean we are at bubble numbers. Here is a graph of median prices as reported by the National Association of Realtors (NAR).

    We can see that prices rose during the early 2000s, fell during the crash and have risen since 2013.
    However, let’s assume there was no housing bubble and crash and that home prices appreciated at normal historic levels (3.6% annually) over the last ten years.
    Here is a graph comparing actual price appreciation (tan bars) with what prices would have been with normal appreciation (blue bars) ...

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    Wednesday, June 14, 2017   /   by Jack O'Neal

    The TRUTH Behind the RENT vs. BUY Debate?

    The TRUTH Behind the RENT vs. BUY Debate




    In a blog post published last Friday, CNN’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines that entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home and an individual that rents a similar-quality home and reinvests all monies otherwise invested in homeownership.”
    Having read both the index and the blog post, we would like to clear up any confusion that may exist. There are three major points that we would like to counter:
    1. The Title
    The CNN blog post was titled, “Don’t put your money in a house, says a new report.” The title of the press release about the report on FAU’s website was “FAU Buy vs. Rent Index Shows Rising Prices and Mortgage Rates Moving Ho ...

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