There is no doubt that the housing market has recovered from the meltdown that occurred just a few short years ago
However, in some states home values still have not returned to the prices we saw in 2006 and 2007. Here is a breakdown showing where current prices are in each state as compared to peak prices.
According to Freddie Mac’s latest U.S. Economic & Housing Market Outlook, U.S. home sales in 2015 will show increase to the numbers associated with a normal real estate market. Here is their projection:
“We are projecting a 4 percent rise in sales to 5.6 million, which would mark the highest level of annual sales since 2007.”
And their optimism was seconded by both the National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA).
It seems that an improving economy and jobs market will mean a very healthy housing market.
Gena Glaze
Some of you will be braving the crowds and looking for sales this weekend and having a plan will help ensure you get the best deals possible! Check out the quick links to the Black Friday Circulars below.
Click To view;
Walmart Black Friday Circular Target Black Friday Circular Best Buy Black Friday Circular Toys R Us Black Friday Circular Kohls Black Friday Circular Belk Black Friday Circular JC Penney Black Friday Circular
Or Click Circulars Below
Old Navy is 50 percent off the entire store on Thanksgiving and Black Friday.
Target has an App that will help you find doorbusters within your local store. You can download it at the iOS App Store or in the Google Play Store. Target has also said that opening the app between 6pm on Thanksgiving and 8am on Black Friday will reveal a special Easter egg. Target will also be offering 10 percent off Target Gift Cards from 6am to noon on Black Friday
Have a safe and happy holiday!…And Happy Shopping!
Filed under Stories, News & Events
Most homeowners believe that the winter is not a good time to sell. This belief is based on the fact that historically the number of buyers decreases in the winter and then increases dramatically during the spring buying market. Though this is still true, there is an interesting pattern developing over the last few months.
The number of prospective purchasers actively looking at a home (foot traffic) has remained strong going into the fall. As a matter of fact, the foot traffic far exceeds the numbers reported for the same months last year (see chart):
At the same time, the National Association of Realtors revealed that the months’ supply of housing inventory has decreased from 5.5 months to 5.3. That equates to less competition for homeowners selling today as compared to next spring when many homeowners will decide to put their home on the market.
Since buying activity is still strong, this might be a great time to put your house on the market.
From KCM Crew
This tip actually came from one of my Sellers – Great idea!
Two kids and a dog, A Realtor is on their way to show your home….and its raining. What to do?
GO TO PETSMART!
Petsmart is one of the few stores that allows dogs inside the store…And kids love Petsmart! The kids will be entertained, the dog will have fun and Mom or Dad can make good use of their time by purchasing needed pet supplies. A fun family outing!
So, Thank You, PetsSmart! Now, if they only had a lounge and served snacks!
IN A NUT SHELL: Availability of mortgage credit has increased, The minimum credit scores needed to qualify for a mortgage has decreased and Mortgage Rates are Predicted to Rise!
Nexton’s Brighton Park Village is scheduled for a grand opening this spring. Below are the homebuilders and collections that have just been announced;
One Step Closer!
Filed under Home Buying (For Buyers), Places, Properties, Stories, News & Events
Berkeley County, South Carolina is one of the fastest growing counties in the United States with an extraordinary quality of life. The county has a wealth of natural resources and historical landmarks that make it a popular place to live.
The county’s real estate sales have remained strong throughout 2014. A variety of new construction opportunities along with exciting new communities like The Nexton Development have help keep the market lively.
The Over $500,000 market has also begun to increase this year. Check out the properties that are topping $500,000;
Thirteen Properties SOLD above $500,000 so for in 2014 – Prices ranged from $515,000 – $900,000 (excluding Daniel Island) CLICK TO VIEW
Curious About the Over 500k Market? – Check out ALL Properties listed for sale over $500,000 in Berkeley County CLICK TO VIEW
Filed under Real Estate (Market info)
During the financial crises The Fed began buying long-term securities — Treasury bonds and mortgage-backed securities — which helped reduce long-term rates, especially mortgage rates. The Federal Reserve has just announced that they will end bond purchases but pledged to keep it’s benchmark short-term interest rate near zero for a “considerable time”.
Filed under Home Buying (For Buyers), Mortgage Info
If you are looking for a user-friendly way to search real estate listings, Check out our new MOBILE APP!
Our App stays up-dated with MLS data and allows users to search real estate listing with ease! You can search listings based on a wide variety of criteria. Our app features easy geographical searches, New Listings and even Recent Price Changes! Super easy to use and easy to retrieve from the Apple App Store or Google Play!
Open a new text message – send to 8778
in the text field enter code – C1RETTA
Filed under Real Estate (Market info)
Real Estate Matters in Charleston SC - Gena Glaze 