The Truth Behind Housing Data

National home sales are falling, and according to Zillow Chief Economist Svenja Gudell, the housing industry needs to stop sugarcoating the truth behind the data: the U.S. is severely under producing housing.

Homes for Sale in Davenport FL

According to Gudell’s reaction to August new home sales, which fell 560,000 (SAAR), down 3.4 percent from July and 1.2 percent from 2016, housing inventory is stuck at roughly mid-1990s levels despite the fact that the country has grown by more than 60 million people since that decade.

Though buying conditions are great in theory, considering jobs and incomes are increasing, and interest rates are keeping financing costs low, Gudell said a lack of homes available to buy at a reasonable price point is missing…

3086 Views, 0 Comments

How to check out your next neighborhood before buying a home

The neighborhood matters

When you ask a real estate agent the three most important things about any home, she's likely to reply, "Location, location, location." But that's only because "Neighborhood, neighborhood, neighborhood," doesn't sound as catchy.

Before you buy a new home, you should carefully check out the neighborhood to which you plan to move. County records, Facebook, Google, Google Earth and other online resources can all be friends that help you avoid a big mistake.

Homes for Sale in Davenport FL

Questions to ask

A candidate home's plot and view make up a big part of the appeal of its location. But its neighborhood can be at least as important.

Wisdom For Home Buyers

Are the schools good? Is quality healthcare easily…

5178 Views, 0 Comments

Looking For Your Dream Home? Know What You Want Vs. What You Need

In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.  This is especially true if you're looking for Homes for Sale in Davenport FL.

If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses.

Do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the ‘man cave’ of your dreams…

3204 Views, 0 Comments

Happily Ever Homeowner

Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.

Whether they are looking for Homes for Sale in Davenport FL  or Clermont Homes For Sale, many couples are deciding to use what would otherwise be their wedding fund as a down payment on their first home, as unmarried couples made up 8% of all first-time buyers last year. If you’re single, don’t fret; you can still buy your dream home! Single women made up 17% of first-time buyers in 2016, while single men accounted for 7% of buyers.

…

2969 Views, 0 Comments

Homeownership Is A Precondition Of The American Dream

Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.”

Homes for Sale in Davenport FL

Americans ranked “owning a home I love” higher than any other options (including “starting a family” and “finding a fulfilling career”) as an important part of the American Dream.

Despite some claims that homeownership’s importance to the American Dream is in decline, the report found that the dream of homeownership remains strong.

Of Americans who said they think achieving the American Dream is important, 70%…

2977 Views, 0 Comments

Homeowners: Do You Know Your Home’s Value?

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,

“National Home Prices Now 50% Above March 2011 Bottom”

The real estate market has come a long way since 2011, which is great news for homeowners in Davenport FL!

Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest Equity Report. The challenge is that not every homeowner knows how much their home’s value has appreciated.

Homeowners in Denver, CO lead the way with 8.7% appreciation over the last year, while owners in Washington and Utah have experienced…

3402 Views, 0 Comments

How Supply And Demand Impacts Real Estate Home Values

Some Highlights:

• The concept of supply & demand is a simple one. The best time to sell a home in Davenport FL, is when the supply of that item is low & the demand for that item is high!
• Anything under a 6-month supply is a seller’s market!
• Nationally, there has not been a 6-months inventory supply since August 2012!
• Inventory levels differ depending on the area of the country and price range, so be sure to consult your local real estate professional for your exact market conditions.

Do you own a home in Davenport FL and want to find out the Current Market Value of your Home?

Click Here to Request a FREE No Obligation, Market Valuation for your Home

3316 Views, 0 Comments

4 Reasons To Buy A Home This Fall!

4 Reasons To Buy A Home This Fall!

Here are four great reasons to consider buying a home in Davenport FL today, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4%. Most experts predict that rates will rise over the next 12…

3203 Views, 0 Comments

FSBO Sellers: Is it Worth it?

To determine if for sell by owner listings provide more benefits in Davenport FL, Trulia’s Housing Data Analysts reported where these listings are the most common and how they differ from agent-listed properties in price and DOM.

Nationally the data reveals that FSBOs are listed about 2 percent more than a similar home listed by an agent, and according to Trulia, FSBOs sometimes sit on the market longer than agent listed homes.

Overall, only 6.2 percent of all listings were for sale by owner, and the report noted that Tulsa, Oklahoma had the highest percentage of FSBO listing across the nation at 12.7 percent.

The largest positive difference in listing price for a FSBO is in Pittsburg, Pennsylvania, where a “comparable FSBO home is listed at 12.9…

3628 Views, 0 Comments

Are You Paying Too Much For A House In Your Neighborhood?

Even if you can't imagine living anywhere else, do these things before you settle on a purchase price.

Consider comparable homes, local prices per square foot, and development plans when buying a home in Davenport FL.

When you’re purchasing a production or tract home, determining how much you should pay is fairly straightforward. It can be as simple as looking at the recently sold homes in the neighborhood and considering how your specific lot stacks up. But if the home you want doesn’t compare so easily with its neighbors — say, it’s bigger or custom-built — figuring out how much to pay can be trickier. Here are six things to do before deciding if it’s worth it.

1. Use public records

Whether…

3658 Views, 0 Comments