Tuesday, March 2, 2021 / by Janelle Endres
The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Finance Agency (FHFA) Division of Research and Statistics, explains:
“House prices nationwide recorded the largest annual and quarterly increase in the history of the FHFA Home Price Index. Low mortgage rates, pent up demand from homebuyers, and a limited housing supply propelled every region of the country to experience faster growth in 2020 compared to a year ago despite the pandemic.”
Here are the year-end home price appreciation numbers from the FHFA and two other prominent pricing indexes:
Federal Housing Finance Agency House Price Index Report: 10.8%
CoreLogic Home Price Insights: 9.2%
S&P Case-Shill ...
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homesellers, housing market update, move-up buyers, pricing
Monday, March 1, 2021 / by Janelle Endres
If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage. While there are plenty of lower down payment options available for qualified buyers who don’t want to put 20% down, it’s important to understand how a larger down payment can have great benefits too.
The truth is, there are many programs available that allow you to put down as little as 3.5%, which can be a huge benefit to those who want to purchase a home sooner rather than later. Those who have served our country may also qualify for a Veterans Affairs Home Loan (VA) and may not need a down payment. These programs have really cut down the savings time for many potential buyers, enabling them to start building family wealth sooner.
Here are four reasons why putting 20% down is a good plan if you can afford it.
1. Your interest rate may b ...
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homebuyers, move-up buyers, first time home buyers, buying myths, downpayments
Friday, February 26, 2021 / by Janelle Endres
Some Highlights
Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring.
With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat.
Let’s connect today if you’re ready to learn about the leverage you have as a seller in today’s housing market.
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homesellers, housing market update, move-up buyers, pricing, infographics
Friday, February 26, 2021 / by Janelle Endres
Meticulously maintained
This 3-bedroom, 2 bath open floorplan is over 1,300 square feet has been meticulously maintained and its convenient location is likely one of Clearwater’s best-kept secrets.
Years of comfort
Enjoy the extraordinary privacy and spacious layout of this property in a wonderful neighborhood on a quiet street. You will enjoy years of comfort with the 3 bedrooms and 2 baths, family room and kitchen with stainless steel appliances and granite countertops.
Lots of storage space
Throughout the house, upgrades have been completed with bamboo flooring, ceramic tile, and custom cabinetry. Lots of storage space and all the windows have been replaced with custom-designed hurricane impact windows and garage door.
Florida room or flex room
The large fenced yard is flat and offers plenty of room for play or a swimming pool. Additional stunning living space is provided with a completely enclosed Florida ...
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homebuyers, property listing, home for sale
Thursday, February 25, 2021 / by Janelle Endres
If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of available homes for sale is at an all-time low – the lowest point recorded since NAR began tracking this metric in 1982. There are, however, more homes expected to hit the market later this year. Let’s break down the three key places they’ll likely come from as 2021 continues on.
1. Homeowners Who Didn’t Sell Last Year
In 2020, many sellers decided to pause their moving plans for a number of different reasons. From health concerns about the pandemic to financial uncertainty, plenty of homeowners decided not to move last year.
Now that vaccines are being distributed and there’s a light at the end o ...
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homebuyers, homesellers, housing market update, move-up buyers, first time home buyers, buying myths, foreclosures, selling myths, distressed properties, new construction
![It’s a Sellers’ Market [INFOGRAPHIC]](https://s-static.cinccdn.com/images/uploads/UP738B38B5ABFD4C.png)
