Blog

Feb
25
Sales in 2019 will be as Hot as our Temps

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According to inman.com, nationwide real estate supply was down 1.4 percent last year. According to traditional supply and demand, any time supply is low, selling price tends to increase. In the real estate industry this leads to fewer homes being sold, but the homes are sold at a higher price, or what’s known as a seller’s market.

According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD), new residential home sales dropped 8.9 percent in October, which is the lowest it’s been in two years.

So what does this mean, and how does it affect the market for 2019?

We believe 2019 will be a year for growth in the industry, and it’s based...


Feb
20
Not-So-Affordable Housing Across the Nation


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Affordable housing in big cities is rare and considered the diamond in the ruff of real estate, especially when you look at the cities with the largest economies. A study was recently published by SmartAsset.com showing how homebuyers are starting to be priced out of big city markets such as Nashville and Dallas as the home values are rising faster than household income.



In determining the cost of real estate residents can afford, SmartAsset.com compared the ratio of median home values to the typical household income. For example, if the median home value in Sample City is $150,000 and the median household income is $50,000, their ratio would be 3:1.



SmartAsset.com then used this formula ...


Feb
14
Feb
12
Millennials: Benefits of Home Ownership at a Younger Age

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Recent studies have stated millennials are buying 8% fewer homes than their baby boomer parents and grandparents. The delay in homeownership for millennials could have long-term economic consequences. For most people, home equity is usually the largest single source of personal wealth.



A recent study titled, Millennials Could Be Foregoing Equity Wealth, compared the difference in housing wealth over three categories of homeowners. The results are as follows:



  • Homeowners who purchased their home between the ages of 25 and 34 had an average housing wealth of $150,000.

  • Homeowners who waited until age 35 to 44 to buy their home averaged $72,000 less.

  • Those who became first-time homebuyers at 45 ...

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 Keller Williams Island Life Real Estate       The Coffey Group Fine Homes International        Coffey & Divald Property Management 

 206 Harbor Drive S,                                    1491 2nd St Suite B, Sarasota FL 34236

Venice, Florida 

34285

United States