HOUSING MARKET TO “SPRING FORWARD”

Housing Market to “Spring Forward”Posted: 04 Mar 2015 04:00 AM PST

MONTHS Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward”! Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right. Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong and is currently THREE TIMES STRONGER  than last year at this time. The National Association of REALTORS (NAR) recently reported that the TOP 10 MONTHS sellers listed their homes in 2014 all fell in April, May or June. Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few MONTHS”

BLUE BELL NEW CONSTRUCTION!!

The Ashwood880 Township Line RdBlue Bell, PA 19422

This stunning 4 bedroom, 3 full and 2 half bath home will be built on 1.65 beautiful acres in sought after Blue Bell. Custom gourmet kitchen with adjoining breakfast room; bright and spacious great room with handcrafted trim, paneling and fireplace; living room; private office; large dining room with tray ceiling and butler’s pantry. Finished-in-place 4” oak hardwood flooring throughout the entire first floor.A custom built oak Arts & Crafts style staircase leads to four generously sized bedrooms and three full baths. The extraordinary owners’ retreat includes two-large walk-in closets, master bath with barn-style door, 5 ft Edenton soaker tub, and a designer shower with marble and custom tiling. The sitting room beside the master bedroom provides a quiet retreat. The full, unfinished basement can be tailored to your specifications.

 

Close proximity to major roadways, trains, shopping and restaurants. You won’t find another Luxury Home or property like this one in the area.

 

The Essentials

4 Bedrooms

3 full and 2 half baths

Gourmet kitchen

Great Room with fireplace

Custom Arts & Crafts staircase

4816 sq ft residence

1.65 acre lot

4″ Oak Hardwood throughout first floor

Master Suite with sitting room and designer bath

Customizable full basement

3-car garage

NEW CONSTRUCTION=NEW COMPETITION!

New Construction = New Competition

Posted: 03 Mar 2015 04:00 AM PST

New Construction = New Competition | Keeping Current Matters For the last several years, home sellers had to compete with huge inventories of distressed properties (foreclosures and short sales). The great news is that the supply of these properties is falling like a rock in the vast majority of housing markets (only 11% of homes sold in January). Many homeowners are now thinking of selling as the impact of this substantially discounted competition has disappeared. However, every seller of an existing residential property must realize that there is a new form of competition in the market: newly constructed homes. According to the National Association of Realtors’ Profile of Home Buyers & Sellers new home sales accounted for 16% of all homes sold in 2014. The graph below shows the top 5 reasons that a buyer would choose new construction over an existing home. Reasons to Purchase a New Home | Keeping Current Matters The top three should not come by surprise. With a new home comes the ability to customize the design of the home and the ability to avoid having to renovate or deal with existing problems. The 10% of respondents who cited “Lack of Inventory of Existing Homes” could very well increase in 2015. Existing home inventory for sale currently sits at a 4.7 months supply, well below the six-months needed to be at a historically normal market. National Association of Home Builders (NAHB) reports that there is currently a 5.4 months supply inventory of new construction available for purchase. Months Inventory New Homes for Sale | Keeping Current Matters

Bottom Line

With a steady buyer demand currently in the market, if you are thinking of selling, perhaps you should do it now to avoid additional competition coming to the market.

Information That Will Educate Us All !!!!!!!!!!!!

The Richest County in Each State

Thomas C. Frohlich
High incomes in these areas often reveal extreme income inequalityIn his recent State of the Union address, president Barack Obama asked, “will we accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that generates rising incomes and chances for everyone who makes the effort?”Wealth in the United States is not equally distributed — not across states, and not within states. Based on data from the Census Bureau’s American Community Survey, 24/7 Wall St. reviewed the richest county in each state.Residents in the richest county in each state tended to earn more than most Americans. While the income gap between the richest and poorest counties was modest in some states, the gap was quite large in a majority of states. Households in Loudoun County, Virginia, for example, earned $122,238 annually, the highest of any county nationwide, and $94,122 more than the median income in Martinsville County, Virginia’s poorest area.The nation’s poorest counties tend to be either predominantly rural or urban. The wealthiest counties, on the other hand, are often suburban areas, located just outside a major metropolis. The wealthiest counties in New Jersey, New York, Virginia, and West Virginia, for example, are within commuting distance to New York City and Washington, D.C. The high concentrations of businesses in these cities likely provide higher-paying job opportunities.As in most wealthy areas, residents of these counties tended to be well educated. In all but seven of the wealthiest counties in each state the college attainment rates were greater than the national rate of 28.8%. In Los Alamos County, New Mexico, nearly 64% of adults had attained at least a bachelor’s degree over the five years through 2013, the highest rate reviewed.Similarly, nearly all of these counties had healthy job markets. Only three of the wealthiest counties in each state had an unemployment rate higher than the national rate of 7.4% in 2013.The high incomes in these areas also often revealed extreme income inequality. Only five of the 50 counties reviewed had median annual incomes that were less than $10,000 greater than the comparable state figures. In addition, household incomes in most of these areas were more than double the comparable income in the states’ poorest counties. In eight of the states’ wealthiest counties, the median income was more than three times that of the poorest county in the state.
In Los Alamos County, New Mexico, nearly 64% of adults had attained at least a bachelor’s degree over the five years through 2013, the highest rate reviewed.Similarly, nearly all of these counties had healthy job markets. Only three of the wealthiest counties in each state had an unemployment rate higher than the national rate of 7.4% in 2013.
The high incomes in these areas also often revealed extreme income inequality. Only five of the 50 counties reviewed had median annual incomes that were less than $10,000 greater than the comparable state figures. In addition, household incomes in most of these areas were more than double the comparable income in the states’ poorest counties. In eight of the states’ wealthiest counties, the median income was more than three times that of the poorest county in the state. To identify the richest county in each state, 24/7 Wall St. reviewed five-year estimated median annual household incomes from 2009 through 2013 from the U.S. Census Bureau’s American Community Survey (ACS). Other areas like parishes or boroughs, which the Census treats the same as counties, were also reviewed. In order to be considered, counties had to have a population of at least 10,000 people. Five-year estimated educational attainment, poverty, health coverage and homeownership rates also came from the Census Bureau. Annual unemployment rates are for 2013 and came from the Bureau of Labor Statistics. Click ahead for the richest counties in each state.
To identify the richest county in each state, 24/7 Wall St. reviewed five-year estimated median annual household incomes from 2009 through 2013 from the U.S. Census Bureau’s American Community Survey (ACS). Other areas like parishes or boroughs, which the Census treats the same as counties, were also reviewed. In order to be considered, counties had to have a population of at least 10,000 people. Five-year estimated educational attainment, poverty, health coverage and homeownership rates also came from the Census Bureau. Annual unemployment rates are for 2013 and came from the Bureau of Labor Statistics.     Click ahead for the richest counties in each state.
High incomes in these areas often reveal extreme income inequality
In his recent State of the Union address, president Barack Obama asked, “will we accept an economy where only a few of us do spectacularly well? Or will we commit ourselves to an economy that generates rising incomes and chances for everyone who makes the effort?”
Wealth in the United States is not equally distributed — not across states, and not within states. Based on data from the Census Bureau’s American Community Survey, 24/7 Wall St. reviewed the richest county in each state. Residents in the richest county in each state tended to earn more than most Americans. While the income gap between the richest and poorest counties was modest in some states, the gap was quite large in a majority of states. Households in Loudoun County, Virginia, for example, earned $122,238 annually, the highest of any county nationwide, and $94,122 more than the median income in Martinsville County, Virginia’s poorest area. The nation’s poorest counties tend to be either predominantly rural or urban. The wealthiest counties, on the other hand, are often suburban areas, located just outside a major metropolis. The wealthiest counties in New Jersey, New York, Virginia, and West Virginia, for example, are within commuting distance to New York City and Washington, D.C. The high concentrations of businesses in these cities likely provide higher-paying job opportunities. As in most wealthy areas, residents of these counties tended to be well educated. In all but seven of the wealthiest counties in each state the college attainment rates were greater than the national rate of 28.8%. In Los Alamos County, New Mexico, nearly 64% of adults had attained at least a bachelor’s degree over the five years through 2013, the highest rate reviewed. Similarly, nearly all of these counties had healthy job markets. Only three of the wealthiest counties in each state had an unemployment rate higher than the national rate of 7.4% in 2013. The high incomes in these areas also often revealed extreme income inequality. Only five of the 50 counties reviewed had median annual incomes that were less than $10,000 greater than the comparable state figures. In addition, household incomes in most of these areas were more than double the comparable income in the states’ poorest counties. In eight of the states’ wealthiest counties, the median income was more than three times that of the poorest county in the state. To identify the richest county in each state, 24/7 Wall St. reviewed five-year estimated median annual household incomes from 2009 through 2013 from the U.S. Census Bureau’s American Community Survey (ACS). Other areas like parishes or boroughs, which the Census treats the same as counties, were also reviewed. In order to be considered, counties had to have a population of at least 10,000 people. Five-year estimated educational attainment, poverty, health coverage and homeownership rates also came from the Census Bureau. Annual unemployment rates are for 2013 and came from the Bureau of Labor Statistics. Click ahead for the richest counties in each state.
February 18, 2015 | Posted in: SKIPPACK | Comments Closed

2015 IS THE COME-BACK OF REAL ESTATE!!!!!

2015: A Year of Housing Opportunity

Posted: 16 Feb 2015 04:00 AM PST

2015: A Year of Housing Opportunity | Keeping Current Matter Many believed that when the housing market crashed, so too would the desire of American’s to own a home again. Many reports have shown that, especially among younger generations, the American Dream of homeownership is still very much alive. Julián Castro, Secretary for HUD, recently summed up what it means to own a home in a speech at the National Press Club.

“Homeownership is still the cornerstone of the American Dream — a fact you can see in the lives of everyday folks. It’s a source of pride. It’s a source of wealth, providing both a nest and a nest egg. And it strengthens communities and fuels growth in the overall economy.”

Castro appropriately named his speech, “2015: A Year of Housing Opportunity”, a theme that rang true throughout.

“Opportunity is not an abstract concept – it’s a path to a more prosperous life, and housing often serves as its foundation. T.S. Elliot once said that “home is where one starts from.” “A home is often a primary source of wealth in a family… Having a home is generational way to pass that wealth on. We want people responsible enough to own a home to have that opportunity.”

Bottom Line

“Over the years-through decades of economic downturns and wars-the American people have always held on to this Dream, and always will.”

As the economy continues to improve, more and more Americans will qualify for homeownership, allowing more families to obtain the American Dream.

| Posted in: SKIPPACK | Comments Closed