HOME PRICES UP!!!!!

 

Home Prices Up in 93% of Measurable Markets [INFOGRAPHIC]

Home Prices Up in 93% of Measurable Markets [INFOGRAPHIC] | Simplifying The Market (more…)

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The REAL Reasons Americans Buy a Home | Simplifying The Market

The REAL Reasons Americans Buy a Home

We often talk about the financial reasons why buying a home makes sense. But often, the emotional reasons are the more powerful, or compelling reasons. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership.

The top 4 reasons to own a home cited by respondents were not financial.

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Why We Own Homes-First Time Homebuyer Listing!

 

Posted: 17 Aug 2015 04:00 AM PDT

The Real Reasons Americans Buy A Home | Keeping Current Matters We often talk about the financial reasons why buying a home makes sense. But often, the emotional reasons are the more powerful, or compelling reasons. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership. The top 4 reasons to own a home cited by respondents were not financial.

1. It means having a good place to raise children & provide them with a good education

From the best neighborhoods to the best school districts, even those without children at the time of purchasing their home, may have this in the back of their mind as a major reason for choosing the location of the home that they purchase.

2. You have a physical structure where you & your family feel safe

It is no surprise that having a place to call home with all that means in comfort and security is the #2 reason.

3. It allows you to have more space for your family

Whether your family is expanding, or an older family member is moving in, having a home that fits your needs is a close third on the list.

4. It gives you control over what you do with your living space, like renovations and updates

Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you can’t in your own home? The 5th reason on the list, is the #1 financial reason to buy a home as seen by respondents:

5. Owning a home is a good way to build up wealth that can be passed along to my family

Either way you are paying a mortgage. Why not lock in your housing expense now with an investment that will build equity that you can borrow against in the future?

Bottom Line

Whether you are a first time homebuyer or a move-up buyer who wants to start a new chapter in their life, now is a great time to reflect on the intangible factors that make a house a home.


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GREAT IDEAS FOR BACK TO COLLEGE!

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How to clean your windows!!!

new picMARY ANN GRABOYES!

“ME AND MY DOG ” IN LANSDALE, PA

WE WEAR THE SAME GLASSES

At the sight of multistory homes:The question is- Yeah, but who’s going to clean all those windows?” In her mind, she was probably imagining one person painstakingly cleaning each window the way she did around our home. She would mix 1 gallon of water with 2 tablespoons of white vinegar, fill a spray bottle, squeegee the liquid off each window and wipe the glass dry with newspaper, a process to which she, and subsequently, we, strictly adhered.

But does Mother really know best? I thought I’d check with the professionals to find out the best way to clean windows.

GREAT KITCHEN IDEAS!

 

GREAT KITCHEN IDEAS-NOTICE ALL THE ULTRA MODERN EXCESSORIES!new picMARY ANN GRABOYES-“AWARD WINNING REALTOR”*

 

 

What is the Market like Today-July 31, 2015

Well there is some good news and some bad news!

There is a shortage in supply – Meaning there are more Buyers and not enough Inventory-That means more qualified Buyers then Homes.

Any home sitting on the market at this time more then 30-60 days has a price problem!!!!YOU MUST REDUCE YOUR PRICE-Holding on you will lose out to the abundance of Buyers.

 

I have also noticed-which I found in 2005-Buyers are calling THE LISTING AGENT to show them the property. The ones that I have shown feel if there is only one Agent-the Seller will kick in Closing Cost or some other incentive. Dual Agency can be very complicated-your loyalty is to the Seller-unless they agree to allow you to be a Dual Agent. I always hand the Buyer off to someone in my office to write up the Agreement and present it-then I take over.

The good news is the interest rates along with so many new programs for financing are now available-since the corrupt Lender’s have been weeded out. So please use a reliable Lender and Realtor for your sale or purchase!!!!!!!

 

Call me for any of your real estate NEEDS!

MARY ANN GRABOYES-COLDWELL BANKER PREFERRED-215-416-5969

BUYERS DEMANDS CONTINUES TO OUTPACE HOUSING SUPPLY!

Buyer Demand Continues To Outpace Housing SupplyPosted: 28 Jul 2015 04:00 AM PDT

Buyer Demand Continuing to Outpace Housing Supply | Keeping Current Matters The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report.

Inventory Levels & Demand

Sales of existing homes rose 3.2% from May, outpacing year-over-year figures for the ninth consecutive month. Total unsold housing inventory is at a 5.0-month supply. This is down from May’s 5.1-month supply and remains below the 6 months that is needed for a historically normal market. Consumer confidence is at the highest level in over a decade. Pair that with interest rates still around 4%, new programs available for down payments as low as 3%, and you have an attractive market for buyers. Buyer demand for housing surged to it’s highest level since June 2013.

Prices Rising

June marked the 40th consecutive month of year-over-year price gains as the median price of existing homes sold rose to $236,400 (up 6.5% from 2014).

So What Does This Mean?

The chart below shows the impact that inventory levels have on home prices. Inventory & Pricing | Keeping Current Matters NAR’s Chief Economist, Lawrence Yun gave some insight into the correlation:

“Limited inventory amidst strong demand continues to push home prices higher, leading to declining affordability for prospective buyers.”

NAR’s President, Chris Polychron added:

“The demand for buying has really heated up this summer, leading to multiple bidders and homes selling at or above asking price.”

Bottom Line

If you are debating putting your home on the market in 2015, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Contact a local professional in your area to get the process started    MARY ANN GRABOYES

“AWARD WINNING REALTOR*

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VIEW POST ON MILLENNIAL POPULATION (generation x)

Jun 29, 2015

The millennial population (Generation Y) may not be buying houses just yet, but according to a recent survey by the Urban Land Institute (ULI), around 70 percent plan to own a home by 2020.

ULI defined millennials as individuals ranging in age from 20 to 37 years old, consisting of 78.6 million members.

Currently, of those surveyed, 50 percent are renters, and of those 50 percent, 60 percent rent apartments or townhouse-style units, while 40 percent rent single-family units or mobile homes. Of the renters, two-thirds say they are either satisfied or very satisfied with renting.

With median rent coming in at $925 a month, most cannot afford more luxurious places. Of those surveyed, 27 percent of renters have an unrelated roommate.

Surprisingly, only 13 percent of Gen Yers live in or near downtowns, with 35 percent residing in “other city neighborhoods.”

Additionally, 69 percent said they paid for their living expenses with no help from their family.

There are still 16.5 million members, or 21 percent, who still live at home with their family, and 14 percent of those live in a home with three generations of family members. Ninety percent expect to match or exceed their parents’ economic circumstances.

While more than two-thirds of this generation expect own a home by 2020, 45 percent say they aren’t convinced housing is a good investment. However, of those surveyed, 26 percent already own a home.

“Generation Y represents the largest source of new demand for rental housing and first-time home purchases,” the survey concluded.

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Mary Ann Graboyes
“AWARD WINNING REALTOR*”