January 2015

Found 6 blog entries for January 2015.

Thinking Of Selling? Now May Be The Time

 

It is common knowledge that a large number of homes sell during the spring buying season. For that reason, many homeowners hold off putting their home on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring compared to the rest of the year? The National Association of Realtors (NAR) recently revealed which months and days of the year most people list their home. Here is a graphic showing the results:

 

The circles represent the ten most popular listing dates in 2014. We can see that all ten

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Is 2015 the Year to Sell Your Home?

According to experts, 2015 is on track to bring something the housing market hasn’t seen in a while: a return to normal. If you’ve been on the fence about selling your home, we have good news: It’s a great market for sellers! Limited inventory continues to drive home prices up, and the latest data from the National Association of Realtors shows that 41% of recently sold properties spent less than a month on the market.

Here’s a peek at what you can expect going into 2015:

  • Home prices continue to rise—but at a steadier pace. We may not see the heated price jumps that marked 2013, but the National Association of Realtors sees this as a sign the market is finally experiencing healthy levels of growth.
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Did it Make Sense to Wait on Purchasing Your Next Home? 

There are many people out there who debated purchasing a home over the course of the last year, but ultimately did not. Whatever their reasons were for delaying, let’s look at whether the decision to wait to buy made sense.

What happened in 2014?

The 30 year fixed rate on January 2, 2014 was 4.53% as reported by Freddie Mac. Looking at the chart below, your monthly mortgage payment with principal and interest for a $250,000 home would have been $1,271.17. Even though interest rates have dropped below 4% and ended 2014 at 3.87%, home prices appreciated by 4.8 percent over the same time according to the Home Price Expectation Survey. So that same home appreciated by $12,000 and now costs

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NAR Existing Home Sales Report

GOOD NEWS to report in the real estate world! Sales are UP, home values are UP, and inventory is UP! Here's to a great New Year in the real estate market!

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