My Podcast is about the current Real Estate matters, how the real estate marketing doing nationally, locally, and how it impacts your biggest investment and your asset your home.
The housing market continues to show signs of improvement despite ongoing economic uncertainty. According to data released by Realtor.com, sales of existing homes have risen by 12.2 percent year-over-year and the median home price has increased by 11.4 percent. The data also reveals that buyers in the luxury market remain active, with sales of homes priced at $750,000 or more increasing by 32.9 percent compared to last year. Although the rate of home-price growth has slowed in recent months, buyers are still taking advantage of low-interest rates and a strong economy to purchase homes. This article will examine the latest data on the housing market and analyze the impact of current trends on the market. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rooparealtor/message
The housing market continues to show signs of improvement despite ongoing economic uncertainty. According to data released by Realtor.com, sales of existing homes have risen by 12.2 percent year-over-year and the median home price has increased by 11.4 percent. The data also reveals that buyers in the luxury market remain active, with sales of homes priced at $750,000 or more increasing by 32.9 percent compared to last year. Although the rate of home-price growth has slowed in recent months, buyers are still taking advantage of low-interest rates and a strong economy to purchase homes. This article will examine the latest data on the housing market and analyze the impact of current trends on the market. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rooparealtor/message
Rising mortgage rates and high home prices have caused a record number of sellers to make concessions in order to get deals done. According to Redfin, in the three-month period ending February 28, 45.5% of transactions conducted by Redfin's buyer agents involved some form of remuneration back to the purchaser. The Mortgage Bankers Association's Weekly Mortgage Applications Survey shows that the demand for purchase loans has risen for the fourth week in a row as mortgage rates have begun to retreat from their 2023 highs. Meanwhile, the national median home sale price has fallen 1.8 percent year over year as of the week of March 26th. Sales of newly constructed single-family homes remain mostly flat for the month of February. Despite these challenges, the National Association of Home Builders predicts an increase in demand for newly built homes later in the year if interest rates subside due to a lack of inventory of existing homes. It is clear that the real estate market is still in flux, and buyers and sellers must be wary of the changing market conditions. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rooparealtor/message
The Federal Reserve's decision to raise interest rates in an effort to combat the growing cost of housing has driven mortgage rates to near-record levels and made it difficult for potential buyers to purchase a home. This has resulted in fewer buyers competing for the same properties, and given sellers more leverage in negotiations and higher profits. Renters are now finding a bit of reprieve after years of intense rent increases, as apartment rents have dropped in every major metropolitan area over the past six months. With higher mortgage rates, inflation, and economic instability, the spring buying season won't be nearly as chaotic as last year, but competition will make a comeback as buyers look to make their dollars go further. It's an opportunity for potential buyers to get into the market, and one that millions of purchasers will take advantage of during the coming year. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rooparealtor/message
The Federal Reserve's decision to raise interest rates in an effort to combat the growing cost of housing has driven mortgage rates to near-record levels and made it difficult for potential buyers to purchase a home. This has resulted in fewer buyers competing for the same properties and given sellers more leverage in negotiations and higher profits. Renters are now finding a bit of reprieve after years of intense rent increases, as apartment rents have dropped in every major metropolitan area over the past six months. With higher mortgage rates, inflation, and economic instability, the spring buying season won't be nearly as chaotic as last year, but competition will make a comeback as buyers look to make their dollars go further. It's an opportunity for potential buyers to get into the market and one that millions of purchasers will take advantage of during the coming year. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rooparealtor/message
US Housing Market Shows Growth in 2022 with Record High Median Home Sales Price, Increased Sales YoY Despite a Doubling of Foreclosure Activity, US Housing Market Remains Historically Low Fannie Mae Predicts Decline in Home Prices and Sales in the Next Two Years Low Mortgage Rates and Increased Consumer Confidence Drive Demand for Refinancing and Home Purchases Pending Home Sales Increase in December 2022 Indicating Pickup in Future Sales Attom Data Solutions Reports 6.3% YoY Increase in US Home Sales, Median Home Sales Price Reaches $320,000 National Association of Realtors Finds Pending Home Sales Up 2.5% in December 2022, Signals Future Home Sales Increase --- Send in a voice message: https://podcasters.spotify.com/pod/show/rooparealtor/message
According to the experts, don't expect interest rates to come down any time soon and we will not see interest rates go below 5% either. Homeowners are reluctant to sell their homes and move up or down a size because of their locked-in low-interest rates of 4% or below. This is causing an inventory shortage. Because of the rise in interest rates, homes are staying on the market for a longer period of time. Some areas of the country might see a decline in prices while others might see price appreciation. --- Send in a voice message: https://anchor.fm/rooparealtor/message
According to the experts, don't expect interest rates to come down any time soon and we will not see interest rates go below 5% either. Homeowners are reluctant to sell their homes and move up or down a size because of their locked-in low-interest rates of 4% or below. This is causing an inventory shortage. Because of the rise in interest rates, homes are staying on the market for a longer period of time. Some areas of the country might see a decline in prices while others might see price appreciation. --- Send in a voice message: https://anchor.fm/rooparealtor/message
The inventory is still low. When homes are priced right according to the current market conditions, we can get multiple offers on the house. To combat these high home prices we need a sharp increase in housing inventory, which will not happen anytime soon. Buyers who are willing to purchase a home with high-interest rates are looking for variable rates to make their purchase. --- Send in a voice message: https://anchor.fm/rooparealtor/message
The inventory is still low. When homes are priced right according to the current market conditions, we can get multiple offers on the house. To combat these high home prices we need a sharp increase in housing inventory, which will not happen anytime soon. Buyers who are willing to purchase a home with high-interest rates are looking for variable rates to make their purchase. --- Send in a voice message: https://anchor.fm/rooparealtor/message
As we are heading into the housing recession and not a housing recession in prices, we need to focus on pricing the home right from the beginning. This means that sellers have to come to the terms with the reality that the housing market is normalizing. Zillow has lowered its Zestimate of national home values for the first time in more than a decade. Although the prices have climbed, the July data released by the National Association of Realtors indicates the downslide in home prices. To top this all off, according to a new report from Redfin, approximately 63,000 deals to purchase a home fell through in July, which was 16.% of all contracts entered into that month, That's up from 15% the previous month, and higher than the 12.5% mark recorded this time last year. Buyers are negotiating with the sellers and are not waving contingencies to purchase a home. --- Send in a voice message: https://anchor.fm/rooparealtor/message
The market is normalizing and More home sellers are dropping prices as bidding wars become less vicious. The latest signs that an ongoing decline in home demand is beginning to take the balance of power back from sellers. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Did you know that in US 1 out of every 12 homes is now valued at $1M or more! While it's not unusual for home values to increase over time, the rate at which more and more homes have crossed the million-dollar threshold has been greatly exasperated by the pandemic housing market, which has seen a record number of buyers competing for a dwindling supply of homes driven by remote work relocation and low-interest rates. While it has been a boon for homeowners looking to cash in on their equity, it has also pushed more and more buyers out of the market. The surge in home values has made many homeowners into millionaires. Do you want to know the value of your home, and if you are Millionaire? Call me so we together can come up with a plan to sell your home for the highest price in the shortest amount of time. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Roughly 25%of the share of the home buyers that could afford was priced out of the new-build market. This is because the rising home demand from buyers, supply chain issues, and the increase in the mortgage rate in the latter half of 2021 played a pivotal role in the affordability of purchasing a new home. According to the Redfin report and National association of home builders, In December 2021 34.1% of homes on the market were new construction, a 25.4% increase year-over-year. At the same time, 69% of U.S. households cannot afford a median-priced new home in their area. You, as a seller my friend, need to attract the right buyers! You need a qualified professional to guide you through selling your home every step of the way from marketing to the close of your home and in between. My information is down below, call me, text me or drop an email, together we can come up with a plan to sell your home for the top dollar in the shortest time. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Economists are predicting that rents will go up 7% in 2022! How can rising rents affect first-time homebuyers? Listen to the podcast for more information. --- Send in a voice message: https://anchor.fm/rooparealtor/message
As a seller should I order a home inspection? --- Send in a voice message: https://anchor.fm/rooparealtor/message
This podcast will give you an overview of how long it will take to sell a home. #RealEstate #RealEstateAgent #RealEstateBroker #RealEstateInvestor #RealEstateInvesting #RealEstateLife #RealEstateForSale #RealEstateExpert #Realtor #Realty #Broker #HomeForSale #HouseForSale #PropertyForSale #JustListed #househuntinglisting #HouseHunt #NewListing #MillionDollarHome #rooparealtor #luxuryrealestate #eastbrunswicknj #forsalebyowner #fsbohomes #fsbo #plainsboronj #southbrunswicknj #monroetownshipnj #westwindsornj #princetonjunctionnj #princetonjunction #princetonuniversity #princetonnj www.rooparealtor.com www.instagram.com/rooparealtor www.facebook.com/rooparealtor www.linkedin.com/rooparealtor --- Send in a voice message: https://anchor.fm/rooparealtor/message
ATTOM data, curator of the nation's premier property database, today released it's third-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 39.5% of mortgaged residential properties in the United States were considered equity-rich in the third quarter. The overall seasonally adjusted delinquency rate dropped 58 basis points from the second quarter to 4.88% www.rooparealtor.com www.instagram.com/rooparealtor www.facebook.com/rooparealtor www.linkedin.com/rooparealtor.com --- Send in a voice message: https://anchor.fm/rooparealtor/message
An average of 5% of homes for sale each week experienced a price drop, this means that the real estate market is self-correcting as housing affordability remains an obstacle for some buyers. With price drops, buyers who were out bidded during the peak market will be back to purchase a home. Homes are stayed almost one week longer before going into under contract. With the fall season, the demand for housing has fallen by 9% according to Redfin. #realtor #rooparealtor #realestateagent #sellersmarket #buyersagnet #sellersagent #lowinventory #realestate #forsale #fsbo #forsalebyowner #sold #sell --- Send in a voice message: https://anchor.fm/rooparealtor/message
To set yourself up for a smooth and successful home purchase, getting pre-approved is perhaps the most productive first step you can take. It strengthens your buying credibility, informs your home search, and speeds up the closing process. --- Send in a voice message: https://anchor.fm/rooparealtor/message
What the 2022 housing market looks like, New Jersey market update, Fannie Mae Forecast for the rest of the year, and for 2022. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Breaking the process down step by step will keep you organized and ready to work with your agent toward a successful home sale. Content credit: https://www.windermere.com/blog/10-steps-to-selling-your-home --- Send in a voice message: https://anchor.fm/rooparealtor/message
In today's episode I will shed some light on the mortgage rates, the market sentiment, and when will the low inventory and bidding wars end. The net share of Americans who think it's a good time to buy a home increased to 38% in August, compared to 35% in August 2020. March was the last time that the majority of those surveyed by Fannie Mae thought it was a good time to buy. At that time, 53% of Americans thought it was a good time to buy, and only 40% thought it was a bad time. Curiously, the net share of those who thought it was a good time to sell has increased to 73% in August 2021 compared to 48% in August 2020. --- Send in a voice message: https://anchor.fm/rooparealtor/message
With the housing inventory slightly increasing, mortgage rates increasing slowly, mortgage applications decreasing, days on market are increasing. The question is are we seeing the housing market making a correction? Federal Housing Finance Agency is expecting the prices to decrease by 5% by end of 2022. Personally, as a Realtor, I am seeing increasing in inventory, and the number of offers receiving on my listing has decreased drastically from the first quarter of 2021. #lowinventory #realtor #sellersmarket #rooparealtor --- Send in a voice message: https://anchor.fm/rooparealtor/message
The reason why the National Association of Home Builders' confidence fell. March 2021 mortgage delinquency compared to a year ago, and finally the increase in the home equity we have ever seen since the great recession. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Mortgage credit availability increased by 1.4% in May, a sign that volume-hungry lenders continued to loosen credit standards in a highly competitive market, according to data from the Mortgage Bankers Association. The economic toll of the current recession was nowhere near the scope of the Great Recession, and it won't result in a housing crisis. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Housing inventory is at its all-time low, signs of increasing new inventory hitting the market, and still not satisfying the buyer needs, low-interest rates, inflation worries, new home construction which is at a deficit of 5.5 Million homes since 2007-2020. All these factors are contributing to low inventory. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Nationwide Seller Profit Margins Hit 34% in First Quarter 2021, Up From 31% in Same Period Last Year; Margins Increase Annually in Almost 90% of Markets Around Nation. U.S. Median Home Price is 16% Higher Than Year Ago. --- Send in a voice message: https://anchor.fm/rooparealtor/message
According to the latest CoreLogic Home Price Index report, competition is fierce and home prices are soaring, hitting their highest level of growth in 15 years. In today's episode, I will take a look at the home prices are at the highest since 2006. Forbearance dropped to the lowest since March 2020. The impact of rising interest rates on the mortgage market. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. According to the latest report from Redfin, The national average of home prices rose 14.4% year-over-year to $336,200 in February, the largest increase since July 2013. Closed home sales were up 5% from a year earlier and pending sales rose 21%. --- Send in a voice message: https://anchor.fm/rooparealtor/message
According to Redfin, the average sale-to-list price ratio rose 1.65% year over year to an all-time high of 99.6% during the four-week period ending February 28. Then during the seven-day period ending February 28, that ratio jumped even further to a new high of 99.9%. --- Send in a voice message: https://anchor.fm/rooparealtor/message
January's inventory figures dropped 1.9% from last month standing at 1.04 million homes for sale. Compared with January of 2020, inventory levels dropped 25.7%. This would mark 20 straight months of year-over-year declines. It will take 1.9 months to move the current level of inventory at the current sales pace. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Home prices continue to soar across the country, reaching 9.2 % growth, an increase unseen in December since 2014. Across the United States, the pandemic has not proven to be a deterrent to the kind of record-high home value growth we've been seeing for several years now. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Housing construction continued to boom in the final months of 2020 which is welcome news for a housing market that is plagued by low inventory issues. Building permits were up 17.3% year over year and 4.5% month over month. Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace, down from 2.3 months in November and down from the 3.0-month supply recorded in December 2019. Mortgage rates increased across the board last week, with the 30-year fixed rate rising to 2.92% its highest level since November. The 15-year fixed-rate increased to 2.48% for the first time in 7 weeks. --- Send in a voice message: https://anchor.fm/rooparealtor/message
2021 started off with a 30-year fixed-rate mortgage falling to 2.67%, more than a full percentage point lower than the end of 2019 which was at 3.64%. Sam Khater, Freddie Mac's chief economist said in a statement that “A new year, a new record low mortgage rate. Despite a full percentage point decline in rates over the past year, housing affordability has decreased because these low rates have been offset by rising home prices. Active listings hit a historic new low in December, with less than 700K homes on the market. According to Realtor.com, The national inventory dropped by almost 40% year over year in December. The December national median listing price was $340,000, up 13.4% compared to last year. #activelistingshitahistoricnewlowindecember --- Send in a voice message: https://anchor.fm/rooparealtor/message
The biggest factors that will drive the housing market in 2021 are the age-old economic fundamentals of supply and demand. That means sellers will likely continue to have the upper hand. If the stimulus package is not approved in January, to help individuals, and businesses, the economy will continue to lag. The big picture is that the housing market with low-interest rates is driving the current economy and helping push the home prices upwards. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Moving into 2021, Homesnap anticipates that market demand will continue to be strong and follow the traditional increase in activity that comes with the spring season. However, that activity can only remain strong as long as there is ample inventory to support it, which remains uncertain. --- Send in a voice message: https://anchor.fm/rooparealtor/message
In today's episode, I will discuss if selling your home now is the right decision? How is the current housing market Performing? What does COVID-19 Vaccine mean to the real estate market? --- Send in a voice message: https://anchor.fm/rooparealtor/message
The ongoing economic recovery and improving labor market led to a rise in credit supply for various loan types. There was an overall increase in credit availability for low credit scores and higher Loan To Value loans, with conventional credit supply increasing. Zillow expects that seasonally adjusted home values will increase 2.9% between September and the end of 2020, and rise 7% in the 12 months ending September 2021. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Four main things have driven the shortage: a record-long expansion and low unemployment, pre-COVID-19 historically low-interest rates that give people more buying power a sizable new generation of home shoppers entering the market while older generations were choosing to hang onto their homes a sharp drop in new home construction over the past decade --- Send in a voice message: https://anchor.fm/rooparealtor/message
In today's episode, I will talk about the increase of Single Family home permits since 2007, Existing homes sales inventory is at its lowest since 1982, an increase in vacation home purchases, and the forecast of the Mortgage Interest rates for 2021 from Mortgage Bankers Association. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Today, it's a seller's market, and consumers have been devouring homes. Yet nationwide, sellers have been having cold feet about putting their home on the market for a variety of reasons. This is an ongoing trend that's getting worse. --- Send in a voice message: https://anchor.fm/rooparealtor/message
As Zillow is forecasting increases in home prices until January 2022 and Redfin is predicting that the 2020 elections impact will be short-lived. The main driving force for scares inventory is the pandemic and the demand is outweighing the supply. As Zillow is forecasting increases in home prices until January 2022 and Redfin is predicting that the 2020 elections impact will be short-lived. The main driving force for scares inventory is the pandemic and the demand is outweighing the supply. --- Send in a voice message: https://anchor.fm/rooparealtor/message
This is the first time in realtor.com's records that homes sold more quickly in September than August and signals an unusually active fall market. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Sales of new homes broke the 1 million mark for the first time since 2006, rising 43.2% from last year and up 4.8% from an upwardly revised July figure, as home shoppers hurried to take advantage of low mortgage rates and perhaps make a move to secure new virtual learning space as the new school year started in August. --- Send in a voice message: https://anchor.fm/rooparealtor/message
As the summer draws to a close and the first chilly winds of autumn blow through, it's time to think through the way you'll clean up, fix up, and maintain your home for fall. By keeping up with your home's maintenance, you can ensure both a cozier winter and long-term protection for your investment. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Tips for Maximizing the virtual meetings --- Send in a voice message: https://anchor.fm/rooparealtor/message
Summer home buying season continues to show resilience against the usual fall slowdown as prices continue to hit new highs and homes sell faster than ever before. --- Send in a voice message: https://anchor.fm/rooparealtor/message
Welcome to my weekly podcast of Current Real Estate Matters. This week I will talk about Fall is the new Spring Market and Home price appreciation outpaces the savings from low-interest rates. Stay Tuned! --- Send in a voice message: https://anchor.fm/rooparealtor/message
Current Real Estate matters for Week ending September 6th, 2020 --- Send in a voice message: https://anchor.fm/rooparealtor/message
Current Real Estate Matters for Week Ending August, 23rd, 2020 --- Send in a voice message: https://anchor.fm/rooparealtor/message
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