September 2018 Real Estate Newsletter

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5 Reasons You Should Sell This Summer

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5 Reasons You Should Sell This Summer Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now Housing inventory is currently at a 4.2-month supply , well under the 6-months needed for a normal housing market. This means, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory could be coming to the market soon. There is a pent-up desire for many homeowners to move, as th
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Fla.’s housing market: Rising median prices in Oct.

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Fla.’s housing market: Rising median prices in Oct. ORLANDO, Fla. – Nov. 23, 2015 –Florida's housing market reported higher median prices, fewer days on market and a constrained inventory of homes for sale in October, according to the latest housing data released by Florida Realtors®. Statewide closed sales of existing single-family homes rose last month with a total of 22,147, an increase of 1.2 percent over October 2014. "October marked the 47 th consecutive month that statewide median sales prices increased year-over-year for both single-family homes and townhouse-condo properties," said 2015 Florida Realtors President Andrew Barbar, a broker with Keller Williams Realty Services in Boca Raton. "Sellers received a higher percentage of their original list price, with single-family homes getting on average 94.3 percent and townhome-condos getting 93.3 percent. It also took less time for homes to sell in October: a median of 46 days for single-fa
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Renting or Buying… Either Way You’re Paying a Mortgage

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Renting or Buying… Either Way You’re Paying a Mortgage   There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained this month in their article, “ 12 Practical Steps to Getting Rich ”: “ While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich .” Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at  Freddie Mac,  explains another benefit of securing a mortgage vs. paying rent: “With a 30-year fixed rate mo
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