Posts made by author 'Wes Atiyeh'
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18
5 Reasons To Sell Your House This Summer
Here are 5 compelling reasons listing your home for sale this summer makes sense.
1. Demand Is Strong
The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month sup...
27
Interest Rates Hit New 12 Months Low!!
According to Freddie Mac's Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven't been seen since February 2018!
Last week's survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart below.
Freddie Mac's Chief Economist, Sam Khater, had this to say:
"Mortgage rates fell for the third consecutive week, continuing the general downward tr...
20
Why A Normal Market is Just What We Need
The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home.
This 'seller's market' has driven home prices to new heights. Home price appreciation averaged over 6% across the country.
However, home price growth has recently started to cool down. The latest report from CoreLogic shows that home prices have only risen by 4.7% over the last 12 months.
Many buyers and sellers planning to enter the housing market this year have started to wonder if we are headed towards another housing crash. Ralph McLaughlin, Deputy Chief Economist at CoreLogic, recently stated in...
16
Where did Americans Move in 2018
Some Highlights:
- Every year United Van Lines conducts their National Movers Study by tracking their customer's movement state-to-state over the course of the year.
- Vermont claimed the top spot of states with the highest percentage of inbound residents following a campaign that covered relocation costs for skilled workers who moved to the state.
- The most common response for why someone relocated to another state was for a new job or company transfer.
Although Richmond, VA is not listed, it has become a hotbed for folks moving in to be closer to family, move to less extreme weather, and a great opportunity to work. Email today for a FREE home evaluation. Wes.Atiyeh@joynerfineproperties.com
14
First Comes Love... Then Comes Mortgage? Couples Lead the Way
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down payments and contribute to monthly housing costs.
However, many couples are also deciding to buy a home before spending what would be a down payment on a wedding. Last year, unmarried couples accounted for 16% of all first-time buyers.
If you're single, don't fret! Single women made up 18% of first-time buyers in 2018, while single men accounted for 10% of buyers. One recent
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