FreddieMac explained that “housing is stronger today than at any point since the Great Recession began and hit bottom in 2009”. They then gave three reasons which support their position:
* Home sales are up 13% since their low point.
* Housing starts are up 50% since they bottomed out.
* House Prices are up 16% since their trough.
FreddieMac also believes that the market will continue to improve through 2014. They projected:
* Home sales to increase about 3% in 2014 as the purchase market continues to evolve
* Almost 20% growth for housing starts in 2014, which will begin to help ease tight inventories in many markets
* Home value increases will continue their positive momentum in 2014
Frank Nothaft, Freddie Mac vice…
Take a look at the quarterly Home Price Expectation Survey done by Pulsenomic surveys, a nationwide panel of over one hundred economist, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number. Call Craig Adelman now at 303.809.8979.
Optimistic results are as follows:
- Home values will appreciate by 4.5% in 2014.
- The average annual appreciation will be 3.94% over the next 5 years
- The cumulative appreciation will be 19.7% by 2018.
- Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of almost 11% by 2018.
We have a bright future at our hands…
Found this interesting report:
This month the National Association of Hispanic Real Estate Professionals (NAHREP) released their annual State of Hispanic Homeownership Report for 2013. A 35 page report designed to highlight the homeownership growth and household formation rates of Hispanics as well as their educational achievements, entrepreneurial endeavors, labor force profile, and purchasing power in the United States.
This report is full of great information and if your interested you should download it and read it. This blog mentions a few facts that are relevant to all of us: Craig Adelman now at 303.809.8979, we speak Spanish!
- Since 2010, Hispanics have accounted for a net increase of
Craig Adelman now at 303.809.8979.
Don’t let the headlines get the better of your nerves. If you read certain headlines, you might be led to believe that the housing recovery has come to a freeze. Naysayers are claiming that rising mortgage rates and a lack of consumer confidence are keeping Americans on the fence when it comes to purchasing a home. Quite the contrary, that is actually far from reality. After all, 12,575 houses sold yesterday, 12,575 will sell today and 12,575 will sell tomorrow. 12,575!
According to the National Association of Realtors’ (NAR) latest Existing Home Sales Report 12,575 is the average number of homes that sell each and every day in this country. A breakdown of the report shows, annualized sales now stand at 4.59 million. Divide that number by 365 (days…
10 Markets Where Homes Are Selling the FastestDENVER DAILY REAL ESTATE NEWS | TUESDAY, APRIL 22, 2014
Denver tops the list of more than 140 metros where homes are on the market for the fewest number of days, unseating Oakland, Calif., for that top spot, according to realtor.com®s National Housing Trend Report for March. Oakland had occupied the top spot for the fewest days on the market on realtor.com®s report since November 2013.
The national average for days on the market is 102 days, but in some markets, listings are typically on the market for a month or even less.
Realtor.com®s report shows the following 10 metro areas with the lowest median days on the market:
- Denver: 25 days
- Oakland, Calif.: 27 days
- San Jose,
It’s not the first time you hear me talk about the opportunity that exists now for Millennial who are willing and able to purchase a home NOW... Here are a few other ways to look at the cost of waiting.
Let’s say you’re young and 30 and your dream house costs $250,000 today, at 4.41% your monthly Mortgage Payment with Interest would be $1,253.38.
But you’re too busy, you really like your apartment, moving is such a hassle...You decide to wait till the end of next year to buy and next thing you know, you’re 31, that same house is $270,000, at 5.7%. Your new payment per month is $1,567.08. Craig Adelman now at 303.809.8979.
The difference in payment is $313.70 PER MONTH!
That’s like taking a $10 bill and tossing it out the window EVERY DAY!…
We have all meet a person that has not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with our parents rent free, you are paying a mortgage, whether it is your mortgage or your landlord’s. Call Craig Adelman today at 303.809.8979.
As Joint Center for Housing Studies at Harvard University explains:
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more…
Just like May flowers, every spring the housing market blossoms as buyers come out ready to purchase their dream house. This spring, we believe we are going to see the strongest purchasing market we have seen in a decade. Call Craig Adelman today at 303.809.8979.
Why are we so aggressive on the housing market this spring? For many reasons, but here are a few:
Contrary to many reports, this age demographic is READY, WILLING and ABLE to become homeowners. As a matter of fact, the latest National Association of Realtors’ gender study revealed that the millennial generation has recently accounted for a greater percentage of all buyers than any other generation. Call Craig Adelman today and get pre-approved at…