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Showing posts from February, 2016

Existing Home Sales Inch Up In January

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                                                                 352-279-0899    Existing Home Sales Inch Up In January  Some Highlights: Existing Home Sales rose to an annual rate of 5.47 million, representing an 11% increase year-over-year. Inventory levels remain below the 6-month supply needed for a normal market at a 4.0-month supply. Lawrence Yun, NAR's Chief Economist , warns: "The spring buying season is right around the corner and current supply levels aren't even close to what's needed to accommodate the subsequent growth in housing demand."

How To Create Real Family Wealth [INFOGRAPHIC]

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                                                                          How To Create Real Family Wealth [INFOGRAPHIC] Some Highlights: Buying a home is often the biggest financial decision that any family will make. The average net worth of a homeowner is 45x greater than that of a renter. Homeownership puts your housing costs to work for you. Infographic was created in cooperation with Jensen & Co .

What Are the Hot Spring Hill Home Décor Trends?

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                                                                               What Are the Hot Spring Hill  Home Décor Trends? Just like fashion designs and hair styles, home décor trends are constantly changing and evolving. Each new season brings a new must-have feature for your home. In order to keep your Spring Hill home looking fresh and chic, what are the hot trends that you can incorporate into your décor? Bright Paint Colors Vibrant (and even neon) hues are very popular in fashion at the moment and they also look really chic on your walls. If you are looking for a way to freshen up a dull room, a bright pop of color can really do the trick. It doesn’t have to be overwhelming if you keep the rest of the room neutral and use the bright color as an accent. Original Artwork Decorating your home with unique and original works of art from funky local artists is a hot trend this year. You could find such pieces at a local art fair or on online craft auctio

Will Appraisals Continue to be a Challenge in 2016?

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                                                                                                                        Will Appraisals Continue to be a Challenge in 2016? First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues” . Their 2015 4 th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016. “The fourth quarter RESI found that title agents continue to believe that property valuation issues will be the most likely cause of title order cancellation over the coming year.” This shouldn’t come as a surprise. In a housing market where supply is very low and demand is very high, home values increase rapidly. One major challenge in such a market is the bank appraisal. If prices are jumping, it is difficult for appraisers to find adequate, comparable sales (simila

Walkable neighborhoods: Demand up but supply low

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                                       Walkable neighborhoods: Demand up but supply low   WASHINGTON (AP) – Jan. 29, 2016 – Few neighborhoods can match the perks of Adams Morgan in Washington, D.C. – a reality that reflects a broader problem for the U.S. housing market. Residents of Adams Morgan enjoy a bevy of bars, restaurants, exercise studios and shopping, just steps from their row houses and condo buildings. Home values are reasonable relative to neighborhood incomes. And in general, the area schools rate as better than average nationally. Across the country, just 14 percent of neighborhoods manage to be at once affordably priced, walkable and near decent schools. And many of those neighborhoods exist in only two cities: Washington and Seattle, according to a new analysis released Wednesday by the real estate brokerage Redfin. The findings suggest a substantial mismatch between the neighborhoods where people say they want to live and the homes actually