If you are interested in buying a house, but do not know what you might need, or whether you can qualify, you’re not alone. Many would-be buyers are intimidated by the thought of what it takes to buy a home. Some wonder whether they can afford to buy, if they have enough saved for a …
Unfortunately, it depends on the situation and reasons, so there is no simple answer for bad credit. A few potential reasons could be that you have experienced a divorce which led to a bankruptcy, mismanaged your finances, experienced job loss, or any other financial hazards. Your credit is calculated from many moving parts. The good …
The Patriot Tour has kicked off! If you have not had the chance to hear the stories of these amazing patriots, listen to Chad Fleming share his greatest Never Quit story – getting ambushed, losing his leg, and fighting back from trauma to redeploy five times to continue serving our country.…
Benchmark is honored to team up with Chad to help veterans and first responders achieve the American dream of homeownership. #BenchmarkNeverQuits
This October, join us in supporting the fighters, admiring the survivors, honoring the taken, and never giving up hope. #BreastCancerAwarenessMonth
Benchmark will NEVER QUIT our FIRST RESPONDERS.
“One of the worst days in America’s history saw some of the bravest acts in Americans’ history. We’ll always honor the heroes of 9/11. And here at this hallowed place, we pledge that we will never forget their sacrifice.”
—President George W. Bush
Benchmark is hitting the road with an amazing group of American warriors for the 2018 Patriot Tour. Their Never Quit motto aligns with our never quit attitude when it comes to serving our nation’s veterans.
Learn More: https://benchmark.us/…/benchmark-partners-with-team-never-…/
Benchmark Mortgage is proud to announce our partnership with Team Never Quit. This year, we will be hitting the road with the 2018 Patriot Tour! Our Team is proud to have changed the way VA lending is done, and we take a “never quit” attitude with our veterans and their dreams. NO MORE will the …
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Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is known as the theory of “supply and demand,” which is defined as:
“The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”
When demand exceeds supply, prices go up. Every month this year, demand (buyer traffic) has increased as compared to last year and for the first five months of 2018, supply (the number of available listings) had decreased as compared to last year. However, a recent report by the National Association of Realtors (NAR) revealed the first year-over-year increase in supply in three years.
Here are the numbers for supply and demand as compared to last year since the beginning of 2018:
The increase in the June numbers doesn’t mean that prices won’t continue to appreciate. In that same report, Lawrence Yun, NAR’s Chief Economist, explained:
“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels.
Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.”
The reason home prices are still rising is that there are many purchasers looking to buy but very few homeowners ready to sell. This imbalance is the reason prices will remain on the uptick.