Area Real Estate News & Market Trends

You’ll find my blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because I care about the community and want to help you find your place in it. Please reach out if you have any questions at all. I would love to talk with you!

Feb. 17, 2021

Moving Can Be Hazardous

Many people do not know that moving companies will refuse to move hazardous items.  If the containers for such items open or are broken in the moving truck/van and spill, they pose a danger to the movers, their equipment, and to your other items.

  • Alcohol

  • Aerosol cans including Air Fresheners & Hair Spray

  • Motor Oil

  • Paint Thinner

  • Propane tanks for your Barbecue

  • Paint Thinner

  • Kerosene

  • Matches & Lighters

Anything poisonous or corrosive:

  • Any kind of battery, including car batteries

  • Garden and indoor pesticides

  • Liquid chlorine bleach

  • Nail polish and nail polish remover

  • Paint (latex or oil)

  • Pool chemicals

  • Weed killers

Weapons and items that can be used to make weapons:

  • Ammonia- based cleaners

  • ammunition

  • Firearms

  • Fireworks

  • Garden fertilizers

It is important to dispose of hazardous materials properly for the safety of your family, pets, and the environment.

Posted in Market Updates, Moving
Feb. 9, 2021

Second Homes Are in High Demand

"Buying a second home" and "buying a vacation home" reached a five hear high in July, jumping 235 percent annually according to Google.  Resort markets saw more than double during the second half of 2020 from where they were the previous year.  While many of these folks work from home, many are shopping for vacation homes, figuring hotels won't be safe for some time now.  Funds that may have once been allocated to travel expenses can now be funneled directly into the down payment.

Posted in Housing Trends
Feb. 9, 2021

Applying for a Mortgage When Married

Homebuyers often wonder if they should apply jointly for a mortgage.  If one spouse has poor credit, it may make it more challenging to qualify for a loan or cause the interest rate to be higher.  When the spouse with the stronger credit applies on their own, it can save borrowers thousands over the life of the loan or cause the interest rate to be higher.  When the spouse with the stronger credit applies on their own, it can save borrowers thousands over the life of the loan.  

Rockwood Family 

Feb. 9, 2021

Kitchen Storage is in Demand

Homeowners report that renovating their kitchen to create more storage is their top priority.   The focus of these renovations involves upgrades or additions of cabinets and pantries - especially the walk-in variety.  With people spending more time at home, residents are eager for their kitchens to work better for their lifestyle.

Posted in Market Updates
Feb. 9, 2021

2021 Housing Trend

The pandemic continues to shape the housing market and consumer preferences.  In many cities across the nation, inventory shortages persist as buyers look for homes that accommodate remote work, lower taxes  and their desire to take advantage of low mortgage rates.  We as agents anticipate that the vaccine's wide distribution with boost consumer confidence and encourage more sellers to list their homes later in the year.

Feb. 9, 2021

Home Construction Activity Soars

Home builders nationwide are trying to keep up with the seemingly insatiable demand for housing.  Compared to December 2019, housing starts are up 5%, and permits are up 17% - the highest level starts and building permits have reached since 2008.

Posted in Market Updates
Feb. 8, 2021

National Market Update

Attom Data reports, thanks to rising median home prices nationwide, Home sellers pocketed at $68,843 profit on the typical home sale in 2020, the most since 2005.  The 34.7% return on investment (ROI) was the highest since 2006.

Home seller profits went up in more than 90% of the market evaluated, and both profits and ROI have now grown nationwide nine years in a row.  Yet people are staying in their homes longer--average stay hit 8.33 years in Q4 of 2020.

Realtor.com, They see the housing market "in position for further growth this spring."

Posted in Market Updates
Jan. 28, 2021

Mortgage Rates & Home Sales

Mortgage rates fell further this week, following the trend of the 10-year Treasury yield.  The 30-year fixed mortgage rate dropped to 2.73% from 2.77% the previous week.  The Feds reassured us yesterday that it will keep interest rates and its bond - buying program unchanged.

Home sales activity rose to its highest in 14 years in 2020, contributing significantly to the recovery of the U.S. economy.  This winter may also be one of the best winters for the housing market.  Home sales activity slows down in the winter as the slowest months of activity are November, December, January and February.  As the activity in the slow months is higher than last year's activity, this should suggest that existing-homes sales activity might be busier during he peak season as well.  National Association of Realtor is forecasting existing-homes sales to rise more than 10% in 2021.  

Posted in Market Updates
July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates