Ron Latronico's Blog Posts

Home Price Appreciation Is Skyrocketing in 2021. What About 2022??

Home Price Appreciation Is Skyrocketing in 2021. What About 2022?One of the major story lines over the last year is how well the residential real estate market performed. One key metric in the

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5 Reasons Today’s Housing Market Is Anything but Normal..

5 Reasons Today’s Housing Market Is Anything but NormalThere are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing

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What You Can Do Right Now To Prepare for Homeownership..

What You Can Do Right Now To Prepare for HomeownershipAs rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent

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What Buyers and Sellers Need To Know About the Appraisal Gap..

What Buyers and Sellers Need To Know About the Appraisal GapIt’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today

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The Difference in Net Worth Between Homeowners and Renters Is Widening..

The Difference in Net Worth Between Homeowners and Renters Is WideningBecoming financially secure is an important goal for many people today, but some don’t realize just how much 

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Why 2021 Is Still the Year To Sell Your Home

Why 2021 Is Still the Year To Sell Your HouseIf you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie 

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If Housing Affordability Is About the Money, Don’t Forget This....

If Housing Affordability Is About the Money, Don’t Forget This.There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing

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What Do Experts Say About Today’s Mortgage Rates??

What Do Experts Say About Today’s Mortgage Rates?Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage

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More Young People Are Buying Homes..

More Young People Are Buying HomesThere’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off

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Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand!!

Real Estate: It’s Still a Lack of Supply, Not a Lack of DemandOne of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home

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Home Sellers: There Is an Extra Way To Welcome Home Our Veterans!!

Home Sellers: There Is an Extra Way To Welcome Home Our VeteransSome veterans are finding it difficult to obtain a home in today’s market. According to the National

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4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures..

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of ForeclosuresWith forbearance plans about to come to an end, many are concerned the housing market will experience a wave of

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A Look at Housing Supply and What It Means for Sellers..

A Look at Housing Supply and What It Means for SellersOne of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there

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3 Hot Topics in the Housing Market Right Now!

3 Hot Topics in the Housing Market Right NowIf you’re a prospective buyer or seller, it’s important to understand the current real estate market conditions and how they affect you. The

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Today’s Real Estate Market Explained Through 4 Key Trends!

Today’s Real Estate Market Explained Through 4 Key TrendsAs we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact

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3 Charts That Show This Isn’t a Housing Bubble..

3 Charts That Show This Isn’t a Housing BubbleWith home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a

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What You Should Do Before Interest Rates Rise..

What You Should Do Before Interest Rates RiseIn today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven

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Diving Deep into Today’s Biggest Buyer Concerns..

Diving Deep into Today’s Biggest Buyer ConcernsLast week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents

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Why This Isn’t Your Typical Summer Housing Market!!

Why This Isn’t Your Typical Summer Housing MarketIn real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally

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Young Homebuyers Need To Hear This

The Truths Young Homebuyers Need To HearFor many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure

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A Look at Home Price Appreciation Through 2025...

A Look at Home Price Appreciation Through 2025Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are

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Home Builders Ramp Up Construction

Home Builders Ramp Up Construction Based on DemandIf you’re thinking of buying a home, there really is no time like the present. With today’s low mortgage rates, you have a great

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Housing Bubble??

Are We in a Housing Bubble? Experts Say No.The question of whether the real estate market is a bubble ready to pop seems to be dominating a lot of conversations – and everyone has an opinion.

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Appraisal Gaps Grow

What To Expect as Appraisal Gaps GrowIn today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the

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What Do Experts See on the Horizon for the Second Half of the 2021?

What Do Experts See on the Horizon for the Second Half of the Year?As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near

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5 Things Homebuyers to Know When Making an Offer

5 Things Homebuyers Need To Know When Making an OfferWhen it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren

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Hope

Hope Is on the Horizon for Today’s Housing ShortageThe major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy.

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Right Expert

The Right Expert Will Guide You Through This Unprecedented MarketIn a normal market, it’s good to have an experienced guide coaching you through the process of buying or selling a home. That

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Listing Prices Are Like an Auction’s Reserve Price

In Today’s Market, Listing Prices Are Like an Auction’s Reserve PriceFor generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the

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Dreaming of a Bigger Home? Why Not Buy It This Year??

Dreaming of a Bigger Home? Why Not Buy It This Year?Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to

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What’s Motivating People To Move Right Now??

What’s Motivating People To Move Right Now?This year, Americans are moving for a variety of reasons. The health crisis has truly reshaped our lifestyles and our needs. Spending so much more

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6 Reasons to Celebrate National Homeownership Month..

6 Reasons to Celebrate National Homeownership MonthOur homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe

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Buying a Home Is Still Affordable....

Buying a Home Is Still AffordableThe last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re

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Where is the Market Heading??

Where Do Experts Say the Housing Market Is Heading?As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here

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Should I Move or Refinance??

Should I Move or Refinance??The level of equity homeowners have is at an all-time high. According to the U.S. Census, over 38% of owner-occupied homes are owned free and clear,

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Americans See Real Estate as a Better Investment Than Stocks or Gold!!

Americans See Real Estate as a Better Investment Than Stocks or GoldLast month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that

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Don’t Forget to Budget for Closing Costs...

Don’t Forget to Budget for Closing CostsWhen buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment

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Experts Say, Home Prices Will Continue to Appreciate

Experts Say Home Prices Will Continue to AppreciateIt’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a

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Are Interest Rates Expected to Rise Over the Next Year??

Are Interest Rates Expected to Rise Over the Next Year?So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there

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Nonfinancial Benefits

Americans Find the Nonfinancial Benefits of Homeownership Most ValuableHomeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our,

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Is Home Price Appreciation Accelerating Again

Is Home Price Appreciation Accelerating Again?At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year.

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Patience Is the Key to Buying a Home This Year!!

Patience Is the Key to Buying a Home This YearThe question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers

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Will the Housing Market Maintain Its Momentum???

Will the Housing Market Maintain Its Momentum?Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7%

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Four Tips to Maximize the Sale of Your House!

4 Tips to Maximize the Sale of Your HouseHomeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This

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Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next Home!!

Planning to Move? You Can Still Secure a Low Mortgage Rate on Your Next HomeThis year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to 

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82,338 Great Reasons to Buy a Home Today!!

82,338 Great Reasons to Buy a Home TodayThe financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the

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How Much Time Do You Need To Save for a Down Payment???

How Much Time Do You Need To Save for a Down Payment?One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you&rsquo

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Is Home Ownership Better Than Stocks

93% of Americans Believe a Home Is a Better Investment Than StocksA recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners&

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--Some Buyers Prefer Smaller Homes--

Some Buyers Prefer Smaller HomesOver the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the

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Homeownership Is Full of Financial Benefits!!

Homeownership Is Full of Financial BenefitsA Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today

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Latest Jobs Report: What Does It Mean for You & the Housing Market??

Latest Jobs Report: What Does It Mean for You & the Housing Market?Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000

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Tax Refund and Stimulus Can Help You Achieve Homeownership!!

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This YearIf you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the

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Is Homeownership Still Considered Part of the American Dream??

Is Homeownership Still Considered Part of the American Dream?Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters 

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How a Change in Mortgage Rate Impacts Your Homebuying Budget?

How a Change in Mortgage Rate Impacts Your Homebuying BudgetMortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However,

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What It Means To Be in a Sellers’ Market.

What It Means To Be in a Sellers’ MarketIf you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making

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Buyer & Seller Perks in Today’s Housing Market.

Buyer & Seller Perks in Today’s Housing MarketRight now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of

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Why You Should Think About Listing Prices Like an Auction’s Reserve Price.

Why You Should Think About Listing Prices Like an Auction’s Reserve PriceFor generations, the homebuying process never really changed. The seller would try to estimate the market value of the

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Should We Fear the Surge in Cash-Out Refinances??

Should We Fear the Surge in Cash-Out Refinances?Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains

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MILITARY MONEY: 4 WEBSITES THAT WILL BOOST YOUR CREDIT

MILITARY MONEY: 4 WEBSITES THAT WILL BOOST YOUR CREDITWhether you are looking to boost your credit score to buy a house or a car, there seems to be no shortage of companies and programs out there

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What Credit Score Do You Need for a Mortgage?

What Credit Score Do You Need for a Mortgage?According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans

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4 THINGS TO EXPECT FROM YOUR VA APPRAISAL

4 THINGS TO EXPECT FROM YOUR VA APPRAISALWe often get asked what to expect from a VA appraisal when you’re purchasing a home with your VA Home Loan. It’s a good question, because if you

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To Renovate or Not To Renovate Before You Sell??

To Renovate or Not To Renovate Before You SellWhen thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However,

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HOW TO AVOID BUYING A MONEY PIT WITH YOUR VA HOME LOAN

Just because the VA Home Loan has strict lending guidelines regarding the condition of the property that you are buying, doesn’t mean that it’s not possible to purchase a money pit.

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BUYING YOUR FIRST HOME WITH YOUR VA LOAN

The home buying process can be daunting for any first-time buyer and it is no different for military families using the VA Home Loan. You will not only juggle finding the right house, but you&rsquo

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What Is the #1 Financial Benefit of Homeownership??

What Is the #1 Financial Benefit of Homeownership?There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has

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How to Make a Winning Offer on a Home!!

How to Make a Winning Offer on a HomeToday’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively

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Will the Housing Market Bloom This Spring??

Will the Housing Market Bloom This Spring?Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be

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6 Simple Graphs Proving This Is Nothing Like Last Time!!

6 Simple Graphs Proving This Is Nothing Like Last TimeLast March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime

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How Upset Should You Be about 3% Mortgage Rates??

How Upset Should You Be about 3% Mortgage Rates?Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July.

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Is It a Good Time to Sell My House??

Is It a Good Time to Sell My House?Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain

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Home Prices: What Happened in 2020? What Will Happen This Year??

Home Prices: What Happened in 2020? What Will Happen This Year?The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale

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What Are the Benefits of a 20% Down Payment??

What Are the Benefits of a 20% Down Payment?If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many

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Are There Going to Be More Homes to Buy This Year??

Are There Going to Be More Homes to Buy This Year?If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are

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The Reason Mortgage Rates Are Projected to Increase and What It Means for You!

The Reason Mortgage Rates Are Projected to Increase and What It Means for YouWe’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a 

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Where Have All the Houses Gone???

Where Have All the Houses Gone?In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for

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Will Low Mortgage Rates Continue through 2021?!?

Will Low Mortgage Rates Continue through 2021?With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout

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3 Ways Home Equity Can Have a Major Impact on Your Life.

3 Ways Home Equity Can Have a Major Impact on Your LifeThere have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the

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3 Ways You’ll Win When You Buy a Home This Year!!

3 Ways You’ll Win When You Buy a Home This YearThere are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If

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47% of New Buyers Surprised by How Affordable Homes Are Today!!

47% of New Buyers Surprised by How Affordable Homes Are TodayHeadlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become

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3 Reasons We’re Definitely Not in a Housing Bubble..

3 Reasons We’re Definitely Not in a Housing BubbleHome values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some

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Why Owning a Home Is a Powerful Financial Decision-

Why Owning a Home Is a Powerful Financial DecisionIn today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net,

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Do I Really Need a 20% Down Payment to Buy a Home??

Do I Really Need a 20% Down Payment to Buy a Home?Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low

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Want to Build Wealth? Buy a Home This Year

Want to Build Wealth? Buy a Home This Year.Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and

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Turn to an Expert for the Best Advice, Not Perfect Advice.

Turn to an Expert for the Best Advice, Not Perfect AdviceAs we approach the anniversary of the hardships we’ve faced through this pandemic and the subsequent recession, it’s normal to

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What Record Low Housing Inventory Means for You..

What Record-Low Housing Inventory Means for YouThe real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by 

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What Happens When Homeowners Leave Their Forbearance Plans

What Happens When Homeowners Leave Their Forbearance Plans?According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage

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What’s the Difference between an Appraisal and a Home Inspection

What’s the Difference between an Appraisal and a Home Inspection?If you’re planning to buy a home, an appraisal is an important step in the process. It’s a

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What Experts Are Saying about the 2021 Job Market!

What Experts Are Saying about the 2021 Job MarketEarlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy

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Should I Wait for Lower Mortgage Interest Rates??

Should I Wait for Lower Mortgage Interest Rates?Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the

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Rent vs. Buy: How to Decide What’s Best for You??

Rent vs. Buy: How to Decide What’s Best for YouAccording to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s

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Making the Dream a Reality

How to Make the Dream of Homeownership a Reality This YearIn 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and

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4 Reasons People Are Buying Homes in 2021!

4 Reasons People Are Buying Homes in 2021According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the

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What Does 2021 Have in Store for Home Values??

What Does 2021 Have in Store for Home Values?According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months.

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The Importance of Home Equity in Building Wealth!!!

The Importance of Home Equity in Building WealthHomeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted:&ldquo

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Why Not to Wait Until Spring

Why Not to Wait Until Spring to Make a MoveThe housing market recovery coming into the new year has been nothing short of remarkable. Many experts agree the turnaround from the nation’s

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Generational Living

More Generations Are Living Under One Roof This YearThis year challenged us to reprioritize everything - from the way we use our time to where we work, how we socialize and gather together, and our

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Did You Outgrow Your Home in 2020??

Did You Outgrow Your Home in 2020?It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the

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House Happy

Turning a House into a Happy HomeWe talk a lot about why it makes financial sense to buy a home, but more often than not, we’re drawn to the emotional reasons for homeownership.No

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3 Reasons to Be Optimistic about Real Estate in 2021!!

3 Reasons to Be Optimistic about Real Estate in 2021This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re

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Holiday Aren't Stopping Homebuyers This Year

The Holidays Aren’t Stopping Homebuyers This YearBlack Friday and Cyber Monday are behind us, yet finding the perfect holiday gifts for friends and family is certainly still top of mind for

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Moving & Taxes: What You Should Know

 Moving & Taxes: What You Should Know It’s one of those questions that you gloss over if the answer is no, and one that may send you into a panic if the answer is yes, never

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Six Best PCS Announcements!!

Military families are used to being on the move. Unfortunately, due to our military lifestyle we are constantly having to update our mailing addresses and announce our pending move to our friends

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6 Tips for JBLM VA Home Buyers!!

6 of the Most Important VA Loan Tips for VA Homebuyers To learn more about purchasing a home, Join https://www.facebook.com/groups/buysouthsound/Tip 1: Start NowYou don't need to have your VA

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PCSing with Pets to JBLM!!

PCSing with Pets: A Guide to Moving with Your Furbabies PCSing isn’t a fun task to begin with, but when you add kids, pets, or both to the mix, things can get even more complicated. But

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