Gap Between Homeowner’s & Appraiser’s Opinions Narrows Slightly

Every month, Quicken Loans measures the disparity between what a homeowner believes their house is worth compared to an appraiser’s evaluation. Here's what the latest report had to say.

#Homes #RealEstate #QuickenLoans #HPPI #Appraisal #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.

If prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that closed recently) to defend the price when performing the appraisal for the bank.

Every month, Quicken Loans measures the disparity between what a homeowner believes their house is worth as compared to an appraiser’s evaluation in their Home Price Perception Index (HPPI). Here is a chart showing that difference...MORE

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Sales Up In Nearly Every Price Range

BREXIT: Extra, Extra Read All About it! What's the FIXIT for U.S. Home Buyers and Sellers?

BREXIT: Extra, Extra Read All About it! What's the FIXIT for U.S. Home Buyers and Sellers?

Call me today to discuss your options. 949.295.5105

#Homes #RealEstate #BuyNow #Brexit #FixIt #MortgageRates #RegencyRealEstateBrokers #TeamTerryMatheus #terryMatheus

Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market.

The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have remained at historic lows for the last several years. Contrary to what many experts believed, rates have remained low throughout the first half of 2016.

Possible impact of Brexit on mortgage rates?

In a recent article, the Washington Post explained:

“Brexit has spawned the recent bout of volatility in global financial markets. That has anxious investors scurrying for safety -- and few assets are safer than U.S. Treasuries. High demand for government debt pulls down interest rates.

That all translates into ultra-low mortgage rates for American households. And with Britain voting for Brexit, they could go even lower.”

However, the lower rates caused by Brexit may be...MORE

Sell NOW Before Competition Hits the Market

Rent or Buy: Either Way You’re Paying A Mortgage

5 Reasons to Sell This Summer

As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why. Call me today if you're thinking about selling your home! 949.295.5101

#Homes #RealEstate #SellNow #NAR #SupplyAndDemand #Inventory #5Reasons #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

As the temperature rises, buyers are coming out ready to purchase their dream homes. The summer is a great time to list your home for sale. Here are five reasons why:

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market at 4.7-months.

This means, in most areas, there are...MORE

Selling Your Home? Make Sure the Price Is Right!

4 Reasons to Move Up to Your Dream Home This Spring

Hurry Up and List Your House TODAY!!

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let's meet today to discuss your options! 949.295.5105

#Homes #RealEstate #SellNow #LowInventory #Pricing #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist at realtor.com, explained:

“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”

And Freddie Mac also expressed a tremendous optimism regarding...MORE

Thinking of Selling? 5 Reasons You Shouldn’t FSBO

4 Reasons to Move Up to Your Dream Home This Spring

Do Homeowners Realize Their Equity Position Has Changed?

If you are one of the many homeowners who is unsure of your current equity situation and would like to know your options, contact me today and I can help. 949.295.5105

#Homes #RealEstate #Equity #CoreLogic #ForSellers #ForBuyers #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year.

A study by Fannie Mae suggests that many homeowners are not aware of how their equity position has changed as their home has increased in value.

For example, their study showed that 23% of Americans still believe their home is in a negative equity position when, in actuality, CoreLogic’s report shows that only 8% of homes are in that position. 

The study also revealed that only 37% of Americans believe...MORE

74% of Households in the US Now Have Significant Equity!

How Does Housing Help Build Family Wealth?

Thinking of Selling? 5 Reasons You Shouldn't FSBO

Before you decide to take on the challenges of selling your house on your own, sit with me today and see what I have to offer. 949.295.5105

#Homes #realestate #trends #5Reasons #NoFSBO #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:...MORE

Sell NOW Before Competition Hits the Market

Serious About Home Buying? Get Pre-Approved

What's Happening in the Real Estate Market?

The experts agree that homeownership is still desirable across all demographic groups, with Millennials and Baby Boomers having a great impact on available supply.

#Homes  #ReaEstate  #Millennials  #FirstTimeBuyers  #NAREE #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

 This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Journalism Conference for the National Association of Real Estate Editors.

Here are the top takeaways from the week of presentations:

Many of the conversations at the conference came back to the impact that Millennials and first-time home buyers will have on the market in the future. Jonathan Smoke, Chief Economist for realtor.com had this to say:...MORE

Americans Rank Real Estate #1 Long Term Investment

4 Reasons to Move Up to Your Dream Home This Spring

Here Comes the Housing Inventory!!

If you are one of the families that have been chained to your current home over the last 5-7 years, now may be the time to break free and find the home of your dreams. Contact me today to discuss your options. 949.295.5105

#Homes #RealEstate #SellNow #MoveUp #Supply #Demand #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

Almost every real estate conversation revolves around the continuous rise in house values over the last four years. Some have even mentioned a concern about another possible bubble forming. However, the recent increase in prices can be attributed to a very simple principle: supply and demand.

DEMAND

Demand for single-family housing has continued to increase as the economy slowly moves forward. Recent surveys have shown that over 80% of each generation still believes that...MORE

Rent or Buy: Either Way You’re Paying A Mortgage

Selling Your Home? Make Sure the Price Is Right!

US Housing Market Swings in Favor of Homeownership

Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now.

#Homes #RealEstate #HousingMarket #Homeownership #BuyNow #BuyVsRent #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, homeownership is a better way to produce greater wealth, on average, than renting. The results from the first quarter index showed that “16 of the 23 metropolitan markets investigated moved in the direction of buy territory.”

The BH&J Index is a quarterly report that attempts to answer the question: 

Is it better to rent or buy a home in today’s housing market?

“The U.S. housing market, when considered as a whole, has swung marginally more in favor of...MORE

Rent or Buy: Either Way You’re Paying A Mortgage

When Is It A Good Time To Rent? Definitely NOT NOW!

Serious About Home Buying? Get Pre-Approved

If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so right now. Contact me today to discuss your options. 949.295.5105

#Home #RealEstate #FreddieMac #BuyNow #PreApproved #Mortgage #RegencyRealEstateBrokers #TeamTerryMatheus #TerryMatheus

In many markets across the country, the amount of buyers searching for their dream home greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

But even if you are in a market that is not as competitive, knowing your budget will give you the confidence to know if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the My Home section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is...MORE

One More Time… You Do Not Need 20% Down To Buy NOW

4 Reasons to Buy NOW!