Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings show that Baby Boomers (43%) and the Silent Generation (12%) made up 56% of sellers in 2018! This means the majority of sellers last year were over the age of 54. This also shows these generations ARE moving!
In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.
Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year.
Some Highlights: ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale. The top five days to list your home brought in a 10% premium over market value and are all in either May or June! “Families start their home search when they know their kids will be out of school and when the weather is ideal for home viewing and moving, giving home sellers an upper hand in price negotiations.” There is still time to list your home before these dates pass you by!
Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium home markets which is causing prices to cool. Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for
Recently, we reported that many believe a recession could happen within the next two years. We explained that 70% of economists and market analysts surveyed last year believe that a recession will occur in 2019 or 2020 and that 42% of consumers currently looking to purchase a home also agree that a recession will occur this year or next. However, the U.S. economy has performed well in the first quarter of 2019 and that has caused some experts to change their thinking
The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up and distressed sales (foreclosures and short sales) have fallen to their lowest point in years. The market will continue to strengthen in 2019. However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory! Buyer demand naturally increases during the summer months, but supply has not kept up. Here are
New home built in 2017! This one-story gem features 3 bedrooms, 2 bathrooms, with a dining area. The home has a large kitchen with tons of cabinet and counter space that opens up to a large living area that is great for entertaining. Dining area right off kitchen when you walk into this beautiful entry with charming arches. The master bath has a garden tub, separate shower & a huge closet! Home has custom barn door shutters in master bedroom, two inch blinds throughout, a transferable warranty, and was built energy efficient! Large backyard with covered patio. This home has a great location right off of 75, make this your new home today!
Immaculate North facing one owner home in Parkwood Ranch welcomes you inside with soaring ceilings and amazing views. Chef’s Kitchen with granite countertops, gas cooktop, stainless steel appliances and oversized island open to the spacious Family Room with STUNNING views to the backyard. Step outside and enjoy the perfect retreat which backs to a wetland preserve and walking trail. JACKPOT – you will never have noisy neighbors behind you! The MASTER and always in demand GUEST SUITE are downstairs. An office up front could become a 5th bedroom, if needed. Upstairs you will find two more secondary bedrooms with spacious walk-in closets. Enjoy the separate Game Room or have movie night in the HUGE Media Room. The elementary school is within walking distance. Great location! Just minutes away from George Bush and Firewheel Mall which provides great shopping, restaurants and entertainment.
So, you’ve been searching for that perfect house to call ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure you make a good offer so that you can guarantee that your dream of making this house yours comes true! Below are 4 steps provided by Freddie Mac to help buyers make offers, along with some additional information for your consideration: 1. Determine Your Price “You’ve found the perfect home and