Kim Windfeather

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Kim Windfeather's Blog

More & More Singles Are Falling For Their Dream Home

Posted On: April 8th, 2016 6:17PM

singles dream home

 

Some Highlights:

  • 24% of all recent home buyers were single at the time of purchase. #singlehomebuyers
  • 47% of single men cite the desire to own a home of their own as the primary reason to buy.
  • 18% of first-time buyers were single women.

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Don’t Wait! Move Up To Your Dream Home Now!

Posted On: April 7th, 2016 6:44PM

Dream home

 

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. #dreamhome Prices are still below those of a few years ago and interest rates have stayed near historic lows. #interestrateshistoriclows

 

Sellers should realize that waiting to make the move when mortgage rates are projected to increase probably doesn’t make sense. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain budget for your monthly housing costs. #monthlyhousingcosts

Here is a chart detailing this point:

 

Buyer's Purchasing Power

 

According to Freddie Mac, the current 30-year fixed rate is currently around 3.75%.With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, by $10,000).


Freddie Mac predicts that mortgage rates will be closer to 4.7% by this time next year.

Act now to get the most house for your hard-earned money.

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The Difference An Hour Makes

Posted On: March 11th, 2016 9:49PM

Daylight savings

Some Highlights:

  • Sunday, March 13th, we "Spring Forward" one hour for Daylight Savings Time (except for our friends in HI & AZ). #daylightsavings
  • Every hour in the United States, 624 homes will sell and 118 homes will regain positive equity. #homeequity
  • The median home value will also increase each hour in the United States by $1.84.

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14,986 Homes Sold Yesterday… Did Yours?

Posted On: March 1st, 2016 6:22PM

Homes sold yesterday

 

 

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.

After all 14,986 houses sold yesterday, 14,986 will sell today and14,986 will sell tomorrow.

14,986!

That is the average number of homes that sell each and every day in this country according to the?National Association of Realtors’ (NAR)?latest?Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,986 homes sell every day.

The report from NAR also revealed that there is currently only a 4.0-month supply of inventory available for sale,?(6-months inventory is considered ‘historically normal’).

This?means that there are?not enough homes available for sale to satisfy the buyers who are out in the market now in?record numbers.

Bottom Line

We realize that you want to get the fair market value for your home. However, if it hasn't sold in today's active real estate market, perhaps you should reconsider your current asking price.

 

*Courtesy of Keeping Current Matters

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Existing Home Sales Inch Up In January

Posted On: February 26th, 2016 9:12PM

Existing homes sales

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 neededto accommodate the subsequent growth in housing demand."

*Courtesy of Keeping Current Matters

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