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 area.
• Inventory remains low due to demand from buyers who are still looking for houses to
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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! New mortgage standards [...]

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 the staging, but many people can’t afford a professional staging service. Here are [...]

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
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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 [...]

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 can sustain. That being [...]

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 and waiting may be a mistake. [...]

Are you thinking about selling your house someday? Here are some things you can do to add value to your home now. 1. Even though your home is not for sale, take a tour of your home as if you were a potential buyer. Turn a critical eye to the small things you’ve overlooked or learned to live with. Make a list. 2. Most people are well [...]

What’s Going On With Home Prices?