Monday, March 16, 2015 / by Gina Kalil
A recent Demand Institute report revealed “nearly half of all American households plan to move at some point in the future.” Seventy-five percent of those surveyed in the report cited one or more ‘location-related reasons’ for their eagerness to move. Here are the top 5 reasons:
Safer Neighborhood – 30%
Closer to Family – 27%
Change of Climate – 26%
Closer to Work – 25%
For a New Job – 23%
While the majority of Americans (74%) will move within their home state, for the 26% planning to call a new state home, it is important to know that prices in each state are appreciating at different rates and waiting to buy or sell your home could cost you more in the long run. The map below was created using the FHFA’s latest Home Price Index and shows year-over-year price gains in each state.
If your plan for 2015 includes relocating to a new state, like Florida, meet with us so we can help you find the best ...
Tuesday, March 3, 2015 / by Gina Kalil
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold. In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process.
For the past two years, 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ most recent Profile of Home Buyers & Sellers. However, the report also revealed that for the second year in a row 96% percent of buyers that used the internet when searching for a home purchased their home through either a real estate agent/broker or from a builder or builder’s agent. Only 2% purchased their home directly from a seller whom the buyer didn’t know. Buyer ...
Tuesday, February 24, 2015 / by Gina Kalil
The National Association of REALTORS (NAR) just released their Existing Home Sales report and some have taken the results and ran with headlines like:
“Existing home sales collapse in January despite low mortgage rates”.
Let’s take a closer look at what the report really shows. There is a seasonality to home sales that happens every year, with a decline in January, (as shown in the graph below.). But in reality 200,000 more homes (3.2%) sold this January over last January.
The demand for housing hasn’t been a challenge.
Current buyer demand, as shown in the graph below, is actually 3x greater than that of January 2014.
NAR’s Chief Economist, Lawrence Yun points to the real issue at hand:
“Realtors® are reporting that low rates are attracting potential buyers, but the lack of new and affordable listings is leading some to delay decisions.”
Even though buyers are out looking for their dream home, they cannot find it! I ...
Monday, February 16, 2015 / by Gina Kalil
Many believed that when the housing market crashed, so too would the desire of American’s to own a home again. Many reports have shown that, especially among younger generations, the American Dream of homeownership is still very much alive. Julián Castro, Secretary for HUD, recently summed up what it means to own a home in a speech at the National Press Club.
"Homeownership is still the cornerstone of the American Dream — a fact you can see in the lives of everyday folks. It’s a source of pride. It’s a source of wealth, providing both a nest and a nest egg. And it strengthens communities and fuels growth in the overall economy."
Castro appropriately named his speech, “2015: A Year of Housing Opportunity”, a theme that rang true throughout.
“Opportunity is not an abstract concept - it's a path to a more prosperous life, and housing often serves as its foundation. T.S. Elliot once said that "home is where one starts from." “A home ...
Saturday, February 14, 2015 / by Gina Kalil
Why should you love using a real estate professional, especially an expert advisor? Let me count the ways!
They help with and gather all the disclosures and paperwork necessary in todays heavily regulated environment.
They are well educated in and experienced with the entire sales process.
They act as a "buffer" in negotiations with all parties throughout the entire transaction.
They help you understand today's real estate values when setting the price of a listing or an offer to purchase.
5. Understanding Current Market Conditions
They simply and effectively explain today's real estate headlines and decipher what they mean to you.