Ken Wood's Blog Posts

Ken Wood's Blog Posts

Homeowners Net Worth Is Still Greater Than A Renters
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest s...

How Long Do Most Families Stay In Their Home
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median...

What State Gives You The Most Bang For Your Buck
What State Gives You the Most "Bang for Your Buck"? Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in t...

Housing Inventory Hits 30Year Low
Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeown...

Be Careful Not To Get Caught In The Rental Trap
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage....

Buyer Demand Continues Outpacing The Supply Of Homes For Sale
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50...

Rising Home Prices Mean Great News For Homeowners
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes fo...

3 Questions To Ask Before You Buy Your Dream Home
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fu...

The 5 Greatest Benefits Of Homeownership
Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone...

The High Impact Of Low Interest Rates On Your Purchasing Power
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near...

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 ...

75 Of Homeowners Think Now Is A Good Time To Sell
The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report cov...

PreApproval Should Always Be Your First Step
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive ma...

2 Myths Holding Back Home Buyers
In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t...

Buying Is Now 331 Cheaper Than Renting In The US
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in...

4 Reasons To Buy This Summer
Here are four great reasons to consider buying a home today, instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Index reports tha...

Can Your Real Estate Agent Answer These Important Questions
Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the proc...

What Would You Sacrifice To Save For Your Next Home
Some Highlights: 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality. The top item that buyers sacrifice is new clothes, at 54%. Even rep...

1 Reason To List Your House For Sale NOW
If you are debating listing your house for sale this year, here is the #1 reason not to wait!Buyer Demand Continues to Outpace the Supply of Homes for Sale The National A...

Hows The Real Estate Market Find Out What The Experts Are Saying
As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying:Doug Duncan, Fannie Mae Chief Economi...

More Americans Chose To Own A Home Than Rent In Q1
According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This mark...

Is Now A Good Time To Rent
People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is ...

5 Reasons To Hire A Real Estate Professional When Buying Or Selling 5 Reasons To Hire A Real Estate
Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to...

Why Americans Consider Moving To Another State
Some Highlights: In a recent Harris Poll, Americans listed "change in climate/weather" as their top reason for wanting to relocate. 41% would move for a&n...

1 Answer To The Housing Shortage New Construction
The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that num...

4 Tips For Effectively Making An Offer
So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that...

Do You Know The Cost Of NOT Owning Your Home
Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dr...

What You Need To Know About Qualifying For A Mortgage
Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don't have perfect credit. Tak...

Last Weeks Economic News In Review May 11 2017
Construction spending saw an unexpected drop, while the economy enjoyed a solid jobs report, and layoffs tumbled as well. Construction Spending After po...

3 Reasons The Housing Market Is NOT In A Bubble
With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to...

Gallup Real Estate Is Best LongTerm Investment 4 Years Running
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual f...

Inventory Shortages Are Slowing Down The Market
Inventory Shortages Are Slowing Down the MarketThe real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales ...

Is 2017 The Year To Move Up To Your Dream Home If So Do It Early
Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. Th...

Is The Current Pace Of Home Sales Maintainable
Is the Current Pace of Home Sales Maintainable?There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying hom...

Do You Know The Cost Of Waiting
Do You Know the Cost of Waiting?Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest...

4 Reasons To Buy A House Today
Financial Planning: 4 Reasons to Buy a House TodayHomeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health,...

May 3 2017 32792 1
Buying a Home? Do You Know the Lingo?Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we...

Get All The Facts About PMI
Get All the Facts about PMIWhen it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortg...

Homes Are Selling Fast Across The Country
Homes are Selling Fast Across the CountrySome Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The ...

Your Tax Return Bring It Home
Your Tax Return: Bring it HomeThis time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with...

How Fast Can You Save For A Down Payment
How Fast Can You Save for a Down Payment?Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents,...

Apr 23 2017 32792 1
The Home Buying Process...

Slaying Home Buying Myths
Slaying Home Buying MythsSome Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit sco...

Measuring Your Ability To Achieve The American Dream
Measuring Your Ability to Achieve the American DreamForbes.com recently released the results of their new American Dream Index, in which they measure “the pro...

US Housing Market Continues The Move Into Buy Territory
US Housing Market Continues the Move into ‘Buy Territory’!According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to mo...

Corona Real Estate Overview
CORONA REAL ESTATE OVERVIEW Market Health Score 93Very Healthy 318Homes for Sale $499,000Median List Price 68Days on Ma...

Riverside Zip Code 92504 RE Overview
92504 REAL ESTATE OVERVIEW Market Health Score 99Very Healthy 125Homes for Sale $379,000Median List Price 91Days on Mar...

Thinking Of Selling Now Is The Time To Act
Thinking of Selling? Now Is the Time to ActIf you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic n...

Home Mortgages Rates Up Requirements Easing
Home Mortgages: Rates Up, Requirements EasingThe media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% ac...

Is Your First Home Within Your Grasp INFOGRAPHIC
Is Your First Home Within Your Grasp? [INFOGRAPHIC]Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to ...

Millennials Flock To Low Down Payment Programs
Millennials Flock to Low Down Payment ProgramsA recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes wi...

CarefulDont Get Caught In The Rental Trap
Careful…Don’t Get Caught in the Rental Trap!There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in ...

The Importance Of Using A Professional To Sell Your Home
The Importance of Using a Professional to Sell Your HomeWhen a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of ha...

Why Millennials Choose To Buy
Why Millennials Choose to BuySome Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons...

How Do HOAs Work
How do HOAs work?When you purchase a home, there's a good chance you'll have to pay a homeowners association fee, especially in gated communities, townhouses, condominiums, and oth...

The REAL News About Housing Affordability
The 'REAL' News about Housing AffordabilitySome industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home ...

Buying This Spring Be Prepared For Bidding Wars
Buying this Spring? Be Prepared for Bidding Wars Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their ...

15014 Homes Sold Yesterday Did Yours
15,014 Homes Sold Yesterday… Did Yours?There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale....

You Do Not Need 20 Down To Buy NOW
Again… You Do Not Need 20% Down to Buy NOW!A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a...

Market Temperature Riverside
Market temperature. The median home value in Riverside is $340,100. Riverside home values have gone up 7.0% over the past year and predictions expect values will ris...

Millionaire To Millennials Buy Now
Millionaire to Millennials: Buy Now!Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are ma...

The Foreclosure Crisis 10 Years Later
The Foreclosure Crisis: 10 Years LaterCoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they exam...

Mar 13 2017 32792 1
6 THINGS EVERYONE SHOULD DO WHEN MOVING INTO A NEW HOUSEWhen I bought my first house, my timing couldn’t have been better: The house closing was two weeks before the lease was up...

Housing Market Expected To Spring Forward
 Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the...

The Biggest Regrets Of RealLife Home Sellers
Even homeowners who’ve successfully sold their place can be plagued by the shoulda-coulda-wouldas—meaning that, looking back, they wish they’d done certain things differently...

FIDUCIARY DUTY
FIDUCIARY DUTYA real estate broker who becomes an agent of a seller or buyer, either intentionally through the execution of a written agreement, or unintentionally by a course of c...


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Homeowners Net Worth Is Still Greater Than A Renters - Every three years, the 
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