September 2018 Real Estate Newsletter

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Pending Home Sales Remain Steady

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                                                                          Pending Home Sales Remain Steady Posted: 08 Oct 2015 04:00 AM PDT The National Association of REALTORS’ just released the results of their latest Pending Home Sales Index , which showed a small 1.4% decline in signed contracts in August. Pending sales remain strong year-over-year as they were 6.1% higher than August ’14 and have now risen for 12 consecutive months.   What is the Pending Home Sales Index (PHSI) ? NAR’s PHSI is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index...
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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...
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#1 Reason to List Your House Today

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                                                               352-279-0899          #1 Reason to List Your House Today If you are debating listing your house for sale this year or even early next year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale According to the National Association of REALTORS’ (NAR) Foot Traffic report , there are more buyers out in the market right now than at any other time in the past three years. The graph below shows the significant increase in foot traffic experienced this year compared to 2014. The latest Existing Home Sales report shows that there is currently a 5.2-month supply of homes f...
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