For Sellers, Housing Market Updates, Move-Up Buyers

Homes Are Selling Quickly Nationwide

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The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago.

54% of homes across the country were on the market for less than a month in June!

Among the 27 states with homes selling in 30 days or less are Washington, Utah, California, and Colorado. The map below was created using results from NAR’s Monthly Realtors Confidence Index Survey.

Bottom Line

Buyer demand is increasing as the inventory of homes available for sale remains low. If you are thinking about listing your home for sale this year, meet with a local real estate professional who can help you take advantage of current market conditions!

Contact Us:

Ivan Parada
Real Estate Advisor


Cell: 786.991.5551
Skype: iparada1
E-mail: ivanparada7@gmail.com
2813 Executive Park Dr #102,
Weston, FL. 33331. U.S.A.
"Our Passion Is To Serve You With Integrity And Excellence, Our Vision Is To Help You Invest In A Wise And Profitable Way, And Our Mission Is To Exceed Your Expectations!"

La demanda de los compradores continúa superando la oferta de casas para la venta

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El precio de cualquier artículo se determina por la oferta de ese artículo, así como la demanda del mercado. La Asociación nacional de REALTORS (NAR por sus siglas in inglés) encuesta a “más de 50,000 profesionales en bienes raíces sobre sus expectativas sobre las ventas de las casas, los precios y las condiciones del mercado”. para su índice mensual “REALTORS Confidence Index”.

Su última edición arrojo algo de luz sobre la relación entre el tránsito de los vendedores (la oferta) y el tránsito de los compradores (la demanda).

La demanda de los compradores

El mapa de abajo fue creado después de hacer la pregunta: “¿Cómo usted calificaría el tránsito de los compradores en su área?”

Entre más oscuro el azul, más fuerte la demanda por las viviendas en esa zona. Sólo tres estados tienen un nivel de la demanda ‘estable’.

La oferta de los vendedores

El índice también pregunto: “¿Cómo usted calificaría el tránsito de los vendedores en su área?”

Como usted puede ver en el mapa abajo, 21 estados informaron un tránsito de los vendedores “escaso”, 25 estados informaron un tránsito de los vendedores “estable”, solo 4 estados y DC informaron un tránsito de los vendedores “fuerte.” Lo que significa que hay menos casas en el mercado de las que son necesarias para satisfacer los compradores que están buscando por las casas de sus sueños.

En conclusión,

Mirando los mapas de arriba, no es tan difícil ver porque los precios están apreciando en muchas áreas del país. Hasta que la oferta de casas para la venta empiece a satisfacer la demanda de los compradores, los precios continuaran aumentando. Si usted está debatiendo el poner su casa a la venta, ¡reúnase con un profesional local en bienes raíces en su área que le pueda ayudar a sacar provecho a la demanda en el mercado actual!

Contact Us:

Ivan Parada
Real Estate Advisor


Cell: 786.991.5551
Skype: iparada1
E-mail: ivanparada7@gmail.com
2813 Executive Park Dr #102,
Weston, FL. 33331. U.S.A.
"Our Passion Is To Serve You With Integrity And Excellence, Our Vision Is To Help You Invest In A Wise And Profitable Way, And Our Mission Is To Exceed Your Expectations!"

The 5 Greatest Benefits Of Homeownership

Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.”

1. Homeownership can help you build equity over time.
2. Your monthly payments will remain stable.
3. You may have some tax benefits.
4. You can take pride in ownership.
5. Homeownership improves your community.

Let’s expand on each of Freddie Mac’s points:

Homeownership can help you build equity over time. 

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun reported that now the net worth gap is 45 times greater.

Your monthly payments will remain stable. 

When you purchase a home with a fixed rate mortgage, the majority of the payment (principle and interest) remain constant. On the other hand, rents continue to skyrocket. Your housing expense is much more stable if you own instead of rent.

You may have some tax benefits. 

According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership.

Here are four items from the Briefing Book:

• Mortgage Interest Deduction
• Property Tax Deduction
• Imputed Rent
• Profits from Home Sale

You can take pride in ownership. 

Most surveys show that a major factor in purchasing a home is the freedom you have to design the home the way you want. From paint colors to yard accessories, you don’t need a landlord’s permission to make the house feel like a home.

Homeownership improves your community.

The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study explained:

“Homeownership does create social capital and provide residents with a platform from which to connect and interact with neighbors…Owning a home means owning part of a neighborhood, and a homeowner’s feelings of commitment to the home can arouse feelings of commitment to the neighborhood, which, in turn, can produce interactions with neighbors.”

Bottom Line

There are many benefits to homeownership. That is why it is still a critical piece of the American Dream.

Contact Us:

Ivan Parada
Real Estate Advisor


Cell: 786.991.5551
Skype: iparada1
E-mail: ivanparada7@gmail.com
2813 Executive Park Dr #102,
Weston, FL. 33331. U.S.A.
"Our Passion Is To Serve You With Integrity And Excellence, Our Vision Is To Help You Invest In A Wise And Profitable Way, And Our Mission Is To Exceed Your Expectations!"

Buyer’s Market Helps Premium Home Sales Soar

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We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat, creating the beginning of a buyer’s market.

Last week, the National Association of Realtors released their Existing Home Sales Report which shed some additional light on the impact of inventory levels on sales in each price range.

The chart below shows the year-over-year difference in sales at each price range.

The under $100K range has shown declines in recent years due to the shortage of distressed homes available for sale (just 5% of sales this past month, compared to 35% in January 2012). Sales in the next two price ranges are no doubt being hindered by low inventory as buyers compete for the same home.

NAR’s Chief Economist, Lawrence Yun, explained:

“Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”

The biggest surprise? This is the first time in years where the $1M and up price range had the highest jump in sales when compared to last year and to all other price ranges (29.1%)! The two price ranges right underneath the $1M range were a close second and third. As the price went up, so did the sales!

With additional inventory available in the higher price ranges, and the economy improving, many luxury buyers are finding it easier to find their dream homes. Yun commented,

“The job market in most of the country is healthy and the recent downward trend in mortgage rates continues to keep buyer interest at a robust level.”

Bottom Line 

If you are one of the many homeowners who is looking to sell your starter or trade up home and move up to a luxury home, now is the time!

Contact Us:

Ivan Parada
Real Estate Advisor


Cell: 786.991.5551
Skype: iparada1
E-mail: ivanparada7@gmail.com
2813 Executive Park Dr #102,
Weston, FL. 33331. U.S.A.
"Our Passion Is To Serve You With Integrity And Excellence, Our Vision Is To Help You Invest In A Wise And Profitable Way, And Our Mission Is To Exceed Your Expectations!"