Spring is in full force; the
summer months are right around the corner. If you are debating moving up to
your dream home, here are four great reasons to consider buying today instead
of waiting.
1.) Buyer Demand is High; Inventory Is Low
Recent numbers show that buyer demand is at
the highest peak experienced in years, and inventory for sale is at a 4.6
months supply, which is still markedly lower than the 6.0 months needed for a
historically normal market. The National Association of Realtors, Chief
Economist, Lawrence Yun put it this way, "Demand
in many markets is far exceeding supply, and properties in March sold at a
faster rate than any month since last summer." Listing your
home today can greatly increase exposure to buyers who are out in force and
ready to act.
2.) Prices Will Continue to Rise
The Home Price Expectation Survey polls a
distinguished panel of over 100 economists, investment strategists, and
housing market analysts. Their most recent report projects appreciation in
home values over the next five years to be between 11.7% (most pessimistic)
and 27.5% (most optimistic). The bottom in home prices has come and gone.
Home values will continue to appreciate for years. Waiting for your current
home’s value to increase before selling could price you out of your new home
if you aren't careful.
3.) Mortgage Interest Rates Are Still Near Record Lows
As we reported last week, interest rates have remained below 4% for some time now, and are
substantially lower than the rate previous generations paid when getting a
mortgage. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the
National Association of Realtors are in unison projecting that rates will
rise over the next 12 months. An increase in rates will impact YOUR monthly
mortgage payment. Even an increase of half a percentage point can put a dent
in your family’s net worth. Whether you are moving up or buying your first
home, your housing expense will be more a year from now if a mortgage is
necessary to purchase your home. |
Showing posts with label move up buyers. Show all posts
Showing posts with label move up buyers. Show all posts
Monday, May 4, 2015
4 Reasons To Move-Up This Spring
Monday, April 28, 2014
Gallup Poll: Real Estate is the Best Long Term Investment
Back in 2011, gold was the most popular long-term investment among Americans. However, with the housing market improving across the U.S. and home prices rising, more Americans now consider real estate the best option for long-term investments.
Who do you know looking to buy a home, call David!
David Demangos
Keller Williams Realty
Cell: 858.232.8410
Realtor® BRE# 01905183
San Diego Real Estate Area Expert / Green Specialist / ALC Committee
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!
Download The #1 Real Estate Live Home Search App Below
Awesome Home Search App
Wednesday, April 23, 2014
Over 12,000 Homes Sold Yesterday!
After all, 12,575 houses sold yesterday, 12,575 will sell today and 12,575 will sell tomorrow. 12,575! 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. According to the report, annualized sales now stand at 4.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 12,500 homes sell every day. If you are considering whether or not to put your house up for sale, don't let the headlines scare you. There are purchasers in the market and they are buying - to the tune of 12,575 homes a day.
Who do you know looking to buy a home, call David!
David Demangos
Keller Williams Realty
Cell: 858.232.8410
Realtor® BRE# 01905183
San Diego Real Estate Area Expert / Green Specialist / ALC Committee
Our Team Goes to Extremes to Fulfill Your Real Estate Dreams!
Download The #1 Real Estate Live Home Search App Below
Awesome Home Search App
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