Great news for the Tampa Bay area!!
Check out this article about the recent homes sales. We have definitely noticed a difference!
Give us a call today if you are looking to buy or sell.
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Thursday, April 21, 2011
Wednesday, April 6, 2011
Buyers Are Ready To Snatch Up Bargains Again This Spring...
Bargain prices on houses and low interest rates are brining in some of the best deals in years.
Read more at: http://www.realtor.org/RMODaily.nsf/pages/News2011032201?OpenDocument
Read more at: http://www.realtor.org/RMODaily.nsf/pages/News2011032201?OpenDocument
Tuesday, March 29, 2011
Best Buyer's Market in History!
NOW is GREAT time to BUY!
Do you have your checklist ready for your next purchase? Interest rates are still at an all time low and prices couldn't be better!
See more aboutwhat realistic expectations you should set and how to create your checklist at the link below:
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=257121
Call Hughes-Shelton Realtors when you're ready to make your next move:
http://www.hughesshelton.com/ or 813.286.6563
Do you have your checklist ready for your next purchase? Interest rates are still at an all time low and prices couldn't be better!
See more aboutwhat realistic expectations you should set and how to create your checklist at the link below:
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=257121
Call Hughes-Shelton Realtors when you're ready to make your next move:
http://www.hughesshelton.com/ or 813.286.6563
Tuesday, March 22, 2011
Gen X are Expected to Lead the Housing Recovery...
WASHINGTON – March 18, 2011 – Generation X — adults ages 31 to 45 — are expected to lead the recovery in the housing market, according to real estate experts in a recent webinar produced by the National Association of Home Builders. During the event, speakers highlighted results of a survey of 10,000 buyers in 27 metro areas.
While Generation X isn’t the largest population group — making up 32 percent of the population compared to 41 percent of baby boomers — it’s the most mobile age group, says Mollie Carmichael, principal of John Burns Real Estate Consulting in Irvine, Calif., the company that conducted the survey.
“They are in full force with their careers, and they need to accommodate growing families,” Carmichael says.
This generation is coming with their own set of house preferences that may differ from other generations. Even though home sizes continue to shrink, first-time buyers and younger families are looking for more room to grow, Carmichael says. Nearly 50 percent said they prefer a home with a large lot and in a suburban development. Only 21 percent said they are looking for a traditional or “walkable neighborhood,” according to the survey.
“They want something compelling, from a design or personalization standpoint,” Carmichael says.
And many want “green,” energy-efficient features, too. Regardless of age group, 70 percent of buyers said in the survey they are willing to pay $5,000 more for a home with “green” features.
Most buyers also said they’d be willing to pay a premium for such housing characteristics as dark wood cabinets, a separate tub and shower, and a fireplace in the living room.
Source: “Young Home Buyers Will Lead Housing Market Recovery, Says NAHB,” National Association of Home Builders (March 17, 2011)
While Generation X isn’t the largest population group — making up 32 percent of the population compared to 41 percent of baby boomers — it’s the most mobile age group, says Mollie Carmichael, principal of John Burns Real Estate Consulting in Irvine, Calif., the company that conducted the survey.
“They are in full force with their careers, and they need to accommodate growing families,” Carmichael says.
This generation is coming with their own set of house preferences that may differ from other generations. Even though home sizes continue to shrink, first-time buyers and younger families are looking for more room to grow, Carmichael says. Nearly 50 percent said they prefer a home with a large lot and in a suburban development. Only 21 percent said they are looking for a traditional or “walkable neighborhood,” according to the survey.
“They want something compelling, from a design or personalization standpoint,” Carmichael says.
And many want “green,” energy-efficient features, too. Regardless of age group, 70 percent of buyers said in the survey they are willing to pay $5,000 more for a home with “green” features.
Most buyers also said they’d be willing to pay a premium for such housing characteristics as dark wood cabinets, a separate tub and shower, and a fireplace in the living room.
Source: “Young Home Buyers Will Lead Housing Market Recovery, Says NAHB,” National Association of Home Builders (March 17, 2011)
Friday, March 11, 2011
Just Sold in Sunset Park
This property just Sold in Sunset Park.
Click the link below to see more...
Thought You'd be Interested
Click the link below to see more...
Thought You'd be Interested
Wednesday, December 15, 2010
Strong Rebound in Pending Home Sales
Strong rebound in pending home sales
WASHINGTON – Dec. 2, 2010 – Pending home sales jumped 10.4 percent in October, showing another positive uptrend since bottoming in June, according to the National Association of Realtors®.
The Pending Home Sales Index (PHSI), a forward-looking indicator, rose to 89.3 based on contracts signed in October from 80.9 in September. The index remains 20.5 percent below a surge to a cyclical peak of 112.4 in October 2009, which was the highest level since May 2006 when it hit 112.6.
The latest surge also reflects market strength, since buyers had an additional push to close quickly in October 2009 to qualify for one version of the first-time homebuyer tax credit that expired in November. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
The data also surprised economists who had expected a decline in pending home sales given current troubles within the housing market. However, Lawrence Yun, NAR chief economist, says excellent housing affordability conditions drew in more homebuyers.
“It is welcoming to see a solid double-digit percentage gain, but activity needs to improve further to reach healthy, sustainable levels,” Yun says. “The housing market clearly is in a recovery phase and will be uneven at times, but the improving job market and consequential boost to household formation will help the recovery process going into 2011. More importantly, a return to more normal loan underwriting standards and removal of unnecessary underwriting fees for very low risk borrowers is needed and could quickly help in the housing and economic recovery.”
Recent loan performance data from Fannie Mae and Freddie Mac clearly demonstrates very low default rates on recently originated mortgages – much lower that the vintages of 2002 and 2003 before the housing boom.
The PHSI in the Northeast jumped 19.6 percent to 71.3 in October but is 27.3 percent below the tax credit peak in October 2009. In the Midwest, the index surged 27.3 percent in October to 81.7 but is 24.8 percent below a year ago.
Pending home sales in the South rose 7.1 percent to an index of 93.8 but are 18.4 percent below October 2009. In the West, the index slipped 0.4 percent to 104.3 and is 15.6 percent below a year ago.
Near term, Yun expects home sales to continue climbing from their cyclical low this past summer.
“Even so, we now have some consumer concerns regarding the mortgage interest deduction, an important component in housing affordability,” Yun says.
© 2010 Florida Realtors®
WASHINGTON – Dec. 2, 2010 – Pending home sales jumped 10.4 percent in October, showing another positive uptrend since bottoming in June, according to the National Association of Realtors®.
The Pending Home Sales Index (PHSI), a forward-looking indicator, rose to 89.3 based on contracts signed in October from 80.9 in September. The index remains 20.5 percent below a surge to a cyclical peak of 112.4 in October 2009, which was the highest level since May 2006 when it hit 112.6.
The latest surge also reflects market strength, since buyers had an additional push to close quickly in October 2009 to qualify for one version of the first-time homebuyer tax credit that expired in November. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
The data also surprised economists who had expected a decline in pending home sales given current troubles within the housing market. However, Lawrence Yun, NAR chief economist, says excellent housing affordability conditions drew in more homebuyers.
“It is welcoming to see a solid double-digit percentage gain, but activity needs to improve further to reach healthy, sustainable levels,” Yun says. “The housing market clearly is in a recovery phase and will be uneven at times, but the improving job market and consequential boost to household formation will help the recovery process going into 2011. More importantly, a return to more normal loan underwriting standards and removal of unnecessary underwriting fees for very low risk borrowers is needed and could quickly help in the housing and economic recovery.”
Recent loan performance data from Fannie Mae and Freddie Mac clearly demonstrates very low default rates on recently originated mortgages – much lower that the vintages of 2002 and 2003 before the housing boom.
The PHSI in the Northeast jumped 19.6 percent to 71.3 in October but is 27.3 percent below the tax credit peak in October 2009. In the Midwest, the index surged 27.3 percent in October to 81.7 but is 24.8 percent below a year ago.
Pending home sales in the South rose 7.1 percent to an index of 93.8 but are 18.4 percent below October 2009. In the West, the index slipped 0.4 percent to 104.3 and is 15.6 percent below a year ago.
Near term, Yun expects home sales to continue climbing from their cyclical low this past summer.
“Even so, we now have some consumer concerns regarding the mortgage interest deduction, an important component in housing affordability,” Yun says.
© 2010 Florida Realtors®
Monday, December 6, 2010
Hughes-Shelton Realtors in top 100 of Coldwell Banker Nationwide!
Hughes-Shelton Realtors is ranked #56 of all teams within Coldwell Banker nationwide!
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