Selling Your Home? Make Sure the Price is Right! If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. … Continue reading Selling Your Home? Make Sure the Price is Right!
Buying A Vacation Property? Now Is A Good Time! Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes here in sunny Florida! For those homeowners staying at their first residence, AccuWeather warns: … Continue reading Buying A Vacation Property? Now Is A Good Time!
Is the Recent Dip in Interest Rates Here to Stay? While I don’t have a crystal ball and can’t predict what will happen in the future, I can tell you what our current situation is. Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until about the middle of November. After that … Continue reading Is the Recent Dip in Interest Rates Here to Stay?
Some Highlights: Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months. The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a roughly 5-month supply in most of the Englewood … Continue reading Buyers Are Looking For Your Home!
Real estate is shifting into a more normal market pattern. The days of national home appreciation topping 6% annually are over. Inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in 2008. There is no bubble here! … Continue reading No Bubble Here! How Mortgage Standards Are Helping
WAYS TO STAGE A HOME WITHOUT SPENDING A FORTUNE You know you need to make your house look good to sell it. You know you need to stage it, you know you don’t want to spend a lot of money. You need to stage on a budget! A huge part of any home showing is … Continue reading Easy Ways To Stage On A Budget
The Tale of Two Markets – Is it a Buyers Market or a Sellers Market? Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! … Continue reading The Tale of Two Markets
Homeowners 65+ Are Found to Have a Considerably Higher Net Worth Than Renters Their Age 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 covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 … Continue reading Homeowners Aged 65+ More Net Worth Than Renters
INTEREST RATES AFFECT HOUSE VALUES After a decade of interest rates being near record lows, the Federal Reserve has gradually been increasing rates at a slow and steady pace. Rising interest rates are a sign of a healthy economy – the Federal Reserve is not in the business of making rates higher than the economy … Continue reading Why Your Home is Worth Less As Interest Rates Rise
Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays. In Southwest Florida we are just entering our busy sales season … Continue reading 7 Reasons to List Your House For Sale This Holiday Season