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Home Prices on the Rise

2/11/2015

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysis. Their most recent report released recently projects appreciation in home values over the next five years between 9.4 percent (most pessimistic) and 30.8 percent (most optimistic).

Bottom line, home values will continue to appreciate. Waiting no longer makes sense.

 

2015 Looking Solid for America

1/30/2015

Per Realtor Magazine America is poised for solid growth in 2015.

Positive growth is fuel for job creation and keeping home sales on the upward path. The National Association of REALTORS (NAR) forecasts that existing-home sales will reach 5.3 million, an increase of almost half a million over 2014. The national median home price will rise, too, but at a sustainable four percent rate, to just below $216,000.

Sales will be bolstered by more reasonable mortgage underwriting standards that were in place prior to the housing boom.

Interest rates are predicted to rise gradually, but to top out to just below five percent. Obviously, if interest rates stay closer to where they are now, it will be another boost to 2015.

All-in-all 2015 is shaping up nicely for sellers and buyers. The Brown Team has already seen signs of a stronger 2015 shortly after Christmas, buyers are out in January, and sellers aren't waiting until spring or summer to list.

We're looking forward to a good year!

Staging Your Home

1/29/2015

How important is "staging"? Very. It can make all the difference.

According to Realtormag.realtor.org the Real Estate Staging Association (RESA) studied 63 unstaged homes in 2013 that spent an average of 143 days on the market with no offers.

After staging, those same homes were relisted and generated first offers in an average of 40 days.

In a separate study, RESA looked at 481 homes that were staged before hitting the market. They garnered an offer in an average of 23 days.

So... before listing, dress your home for success!

Are you ready to sell?

4/22/2014

Does your home meet your needs? Here's a checklist to see.

-Has your family situation changed or will it in the near future?
-Do you want to move closer to your family or friends?
-Does the area where you live no longer suit your needs?
-Does your home no longer meet your space requirements?
-Do you foresee a job relocation?
-Do you just want a change?

If you answered "yes" to any of these questions, now may be an excellent time to sell your home.

For further questions please call us today! 

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