Friday, September 3, 2021 / by Barbara Oleska
Everyone asks me, "how's the market?" Real estate is fascinating and we have never experienced a more unusual market! In this email I will share national information and local market information where applicable. Please call me if you have any questions or love graphs and I'll send them!
There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. But that’s not happening. The market is still extremely vibrant as demand is still strong even while housing supply is slowly returning.
Here’s the definition of normal from the Merriam-Webster Dictionary:
“conforming to a type, standard, or regular pattern: characterized by that which is considered usual, typical, or routine.”
Using this definition, here are five housing industry metrics that prove we’re nowhere near normal.
1. Mortgag ...
Read More
boca raton realtor, how do i sell my home, relocate to boca raton, residential real estate, seller market, south florida real estate, south florida realtor, best real estate agents in boca raton, boca raton homes for sale by owner, for sale by owner, boca bridges homes for sale, houses for sale in boca raton without membership, boca raton kitchens, palm beach county, palm beach public schools, boca raton foreclosures and short sales
Wednesday, September 1, 2021 / by Barbara Oleska
If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.
Why is sellers sentiment up year-over-year?
The higher good time to sell sentiment has to do with today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don’t have enough houses available for sale to meet buyer demand.
According to the latest data from the National Association of Realtors (NAR), we’re still firmly in a sellers’ market because housing supply is well below a balanced norm (shown in ...
Read More
florida real estate, boca raton real estate, boca raton luxury listings, boca raton residential real estate, find a realtor in boca raton, what should i do to my house before i sell it, how do i sell my home, for sale by owner, boca bridges homes for sale, houses for sale in boca raton without membership, boca raton kitchens, palm beach county, palm beach public schools
Friday, May 7, 2021 / by Barbara Oleska
The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market is for more listings to come on the market. However, many homeowners are concerned that selling their homes could be challenging for several reasons.
Recently, Homes.com released the findings of a survey that identified these concerns, as well as what it will take for homeowners to feel comfortable selling their houses. Here are the four major homeowner concerns and a quick explanation of what’s actually happening in the housing market today.
1. Homeowners don’t know if they’ll be able to secure their next home before selling.
In negotiations, leverage is the power t ...
Read More
boca raton real estate, florida real estate, boca raton luxury listings, boca raton residential real estate, realtor, seller market, how do i sell my home, what should i do to my house before i sell it, boca bridges hoa fees, boca bridges homes for sale, boca raton homes for sale by owner, houses for sale in boca raton without membership
Monday, April 19, 2021 / by Barbara Oleska
4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure
There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen.
1. Almost 50% Leave Forbearance Already Caught Up on Payments
According to the Mortgage Bankers Association (MBA), data through March 28 show that 48.9% of homeowners who have already left the program were current on their mortgage payments when they exited.
26.6% made their monthly payments during their forbearance period
14.7% brought past due payments current
7.6% paid off their loan in full
This doesn’t mean that the over two million still in the plan will exit exactly the same way. It does, however, give us some insight into the possibilities.
2. The Banks Don’t W5 ...
Read More
residential real estate, how to buy multiple rental properties at once, realtor, how do i sell my home, boca bridges, boca raton foreclosures and short sales, boca raton homes for sale by owner, houses for sale in boca raton without membership
