Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years! The generations agree! Real estate is the best investment! Generation X leads the way with 37% believing in real estate as the top investment. Continue Reading
4 Reasons We’re Not Heading Towards a Housing Bubble
With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here are four key metrics that will explain why: Home Prices Mortgage Standards Foreclosure Rates Housing Continue Reading
May 2018 Inventory vs Sales in Tallahassee
Leon County Inventory vs Sales --These are real numbers from our Tallahassee MLS. In May of 2018, we had an inventory of 1,445 detached single family homes in Leon County vs 344 sales. --While we hear news that the market is getting better, it still can be a "challenging" market for sellers. --In order to be one of the few homes that sell, the home MUST be the absolute, clear choice Continue Reading
Average Interest Rate & Mortgage Payment Across Time
Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock in a low rate now while you can! Continue Reading
June is National Homeownership Month!
Some Highlights: June is National Homeownership Month Stability and Comfort lead to Happiness! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home? Continue Reading
Home Sales Grow Despite Low Inventory
Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017. Inventory levels dropped year-over-year for the 34th consecutive month and are now 7.2% lower than March 2017 levels, representing a 3.6-month supply. Continue Reading
Find the Best Agent to Sell Your House
Ask detailed questions about their experience and skills to help you find the right agent for your home sale. Working with the right real estate agent can mean the difference between getting prompt, expert representation and feeling like you’re going it alone when selling your home. Here are 10 questions to ask when you’re interviewing agents. 1. How long have you been selling homes? Mastering Continue Reading
The Home Inspection: 5 Mistakes Made by Buyers and Sellers
1. Not Researching the Inspector "The inspection is only as good as the inspector doing it," says Troy Bloxom, past president of the National Association of Home Inspectors. Always do your research to find a certified, experienced inspector that you feel confident will do a thorough job. 2. Not Attending the Inspection “If they don’t see it, they don’t understand it," says Alden Continue Reading
Numbers of the VA Loan Program
What You Should Know: 22 million veterans have been approved and now own a home through the VA Home Loans Program Last year alone, $188 billion was offered through the program to veterans and their families. In 46 out of 50 states and Washington, DC., VA Purchase Loans are being used more and more frequently. Call one of our Agents today to find out more and connect Continue Reading
Renting Vs. Buying: The True Cost
Cost of Renting vs Buying What You Should Know: Renting vs Buying is always a tough decision, that comes down to your market and what is right for you. The Tallahassee Real Estate Market is GOOD. If you are looking to buy, now is the time. Consider the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home Continue Reading
