|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”
Close proximity to major roadways, trains, shopping and restaurants. You won’t find another Luxury Home or property like this one in the area.
3 full and 2 half baths
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
Posted: 03 Mar 2015 04:00 AM PST
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.
The Richest County in Each State
- 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
Posted: 16 Feb 2015 04:00 AM PST
“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.”
“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.
Mary Ann Graboyes
Let me find you the perfect home!