Paul McMahon's Blog Posts

5 CRITERIA FOR PRICING A HOME THESE DAYS

When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing

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Guess What? Home Buyers are Optimistic About Homeownership!

When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their,

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Are these Low Interest Rates Here to Stay?

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary

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The Enormous Divide Between the Headline and the Truth!

The Enormous Divide Between the Headline and the Truth“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of

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4 Reasons to Buy a Home in the Springtime

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest U.S. Home

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And Why It Makes No Sense to Wait for Spring to Sell

The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is

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So, What Makes a House a Home For You?

What Makes a House a Home For You?We frequently talk about why it makes sense to buy a home financially, but more often than not the emotional reasons are the more powerful or compelling ones. No

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4 Quick Reasons NOT to Fear a Housing Crash in this market

4 Quick Reasons NOT to Fear a Housing CrashThere is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another

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How to Simply Increase Your Family Wealth by Paying for Housing starting now.

How to Simply Increase Your Family Wealth by Paying for HousingEveryone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your

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Females Are Making It a Priority to Invest in Real Estate! Interesting read

Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it

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The Cost of Renting vs. Buying a Home "Good News"

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 (28.4%).

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Are You Wodering Why Has Housing Supply Increased as Sales Have Slowed Down?

Why Has Housing Supply Increased as Sales Have Slowed Down?According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of

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2 Myths Holding Back Home Buyers-Ask Me

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that,

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The Difference an Hour Will Make

The Difference an Hour Will Make This Fall [INFOGRAPHIC]Every Hour in the US Housing Market: 596 Homes Sell278 Homes Regain Positive EquityMedian Home Values Go Up $1

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Will Home Prices Continue to Increase?

There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are

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Pre-Approval: Your 1st Step in Buying a Home

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers

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How Does the Supply of Homes for Sale Impact Buyer Demand?

The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over,

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Are Home Prices Softening or Are They Falling?

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many

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Where Are Mortgage Interest Rates Headed In 2019?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are

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Is the Real Estate Market Finally Getting Back to Normal?

The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007

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25% of Homes with a Mortgage are Now Equity Rich!

Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is.

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Home Prices: The Difference 5 Years Makes

CoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing market was home price appreciation. 

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Are Homebuyers Starting to Hit the ‘Pause’ Button?

Are Homebuyers Starting to Hit the ‘Pause’ Button?For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have

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NAR Reports Show It’s A Great Time to Sell!

We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association

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Home Prices Have Appreciated 6.9% in 2018

Between 1987 and 1999, which is often referred to as the ‘Pre-Bubble Period,’ home prices grew at an average of 3.6% according to the Home Price Expectation Survey.Every month, the

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4 Reasons Why Fall Is A Great Time to Buy A Home!

Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Insights report reveals that home

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Homeownership is a Dominant Gene

There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents

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Why are Existing Home Sales Down?

The latest Existing Home Sales Report issued by the National Association of Realtors(NAR) revealed that home sales have decreased for four consecutive months and are at their slowest

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Top 3 Myths About Today’s Real Estate Market

Top 3 Myths About Today’s Real Estate MarketThere are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we

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Home Sales Expected to Continue Increasing in 2019

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of

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Rent or Buy: Either Way You’re Paying A Mortgage!

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your

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What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

Some Highlights:The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West.The ‘biggest bang for your buck’ comes in Mississippi

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Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home.Many couples are asking their wedding guests to

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5 Real Estate Reality TV Myths Explained

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or

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The Net Worth of a Homeowner is 44x Greater Than A Renter!

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data,

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The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]Some Highlights:Interest rates are projected to increase steadily heading into 2019.The higher your interest rate, the more money you end up

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Housing Market: Another Gigantic Difference Between 2008 and 2018

Housing Market: Another Gigantic Difference Between 2008 and 2018Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we

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Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts

It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those

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The Wave of Millennial Homebuyers Continues to Swell

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.Comparatively speaking, millennials have

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Supply & Demand Will Determine Future Home Values

Supply & Demand Will Determine Future Home ValuesWill home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market

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Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]

Existing Home Sales Cooling Off This Summer [INFOGRAPHIC]Some Highlights:According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were

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Are You Thinking of Selling Your Home? Competition Is Coming!

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census

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Have You Outgrown Your Starter Home?

For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your&

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