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10 Most Expensive Homes in Lewes – March 2015

Posted by on Mar 2, 2015 in Market | 0 comments

10 Most Expensive Homes in Lewes – March 2015

Originally settled by the Dutch in 1631, Lewes continues to be one of the best places to live in Delaware. Over the years, Lewes is a place where home buyers can find exclusive luxury homes and expertly restored historical residences. For those select few home buyers whose pocket books match their taste, Lewes has plenty to offer. If you see a home on this page that you may wish to tour, The Rehoboth Beachteam of Ocean Atlantic will be happy to schedule an appointment for you. 31142 Kaplan’s Cove Listed at $2,300,000 Private Oasis on...

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Where Are Mortgage Rates Headed?

Posted by on Feb 26, 2015 in For Buyers, Interest Rates | Comments Off

Where Are Mortgage Rates Headed?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie Mac’s February 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of 2015. How Will This Impact Your Mortgage Payment? Depending on the amount of the loan that you...

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Are House Prices Beginning to Accelerate Again?

Posted by on Feb 25, 2015 in Pricing | Comments Off

In a recent post, we explained that the supply of homes for sale in December was at its lowest level in over a year. The January National Housing Trend Report from realtor.com now reveals that inventory in January has decreased another 6.7% month over month and 8.7% year over year. This is occurring at the same time that buyer activity (demand) remains strong. This prompted realtor.com’s Chief Economist Jonathan Smoke to report: “January’s inventory data suggest a continuation of the tightening trend we identified last month in the December...

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Home Sales are NOT Collapsing!

Posted by on Feb 24, 2015 in For Sellers, Move-Up Buyers | Comments Off

Home Sales are NOT Collapsing!

The National Association of REALTORS (NAR) just released their Existing Home Sales report and some have taken the results and ran with headlines like: “Existing home sales collapse in January despite low mortgage rates”. Let’s take a closer look at what the report really shows. There is a seasonality to home sales that happens every year, with a decline in January, (as shown in the graph below.) But in reality 200,000 more homes (3.2%) sold this January over last January. The demand for housing hasn’t been a challenge. Current buyer demand,...

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Thinking of Buying? What are you waiting for?

Posted by on Feb 23, 2015 in First Time Homebuyers, For Buyers, Move-Up Buyers | Comments Off

If you are planning on becoming a homeowner, or moving up to the home of your dreams in 2015, here are four great reasons to consider buying a home now, instead of waiting until spring. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 11.7% (most pessimistic) and 27.5% (most optimistic). The bottom in home prices has come...

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The Truth About US Homeownership Rates [INFOGRAPHIC]

Posted by on Feb 20, 2015 in Infographics | Comments Off

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Two Graphs that Scream – List Your Home Today!

Posted by on Feb 19, 2015 in For Sellers, Pricing | Comments Off

We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand. If you are thinking of selling your home, here are two graphs that strongly suggest that the time is now. Here is why… DEMAND According to research at the National Association of Realtors (NAR), buyer activity last month (January) was three times greater than it was last January. Purchasers who are ready, willing and able to buy are in...

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Homeownership Rates: Are they Crashing?

Posted by on Feb 18, 2015 in For Buyers | Comments Off

The Census recently released their 2014 Homeownership Statistics, and many began to worry that Americans have taken a step back from the notion of homeownership. Easy… Chicken Little The national homeownership rate peaked in 2004, representing a 69.2% of Americans who bought vs. rented their primary residence. Many have noticed a decline in rate since then and taken that as a bad sign. However, if you look at the national rate over the last 30 years (1984-2014), you can see that the current homeownership rate has returned closer to the...

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VIA – Village Improvement Association

Posted by on Feb 18, 2015 in Uncategorized | 0 comments

VIA – Village Improvement Association

On Wednesday February 11, 2015 I attended the monthly meeting of the VIA, Village Improvement Association. An amazing group of women collected at the clubhouse located at the Surf Avenue and Grenoble Place for their monthly meeting. The VIA was founded in the early 1900’s and the first clubhouse was built around the same time.  The ladies of the VIA pride themselves are completing important projects to serve our community and the betterment of the people here.   The featured speaker this month was Faye from the Pathways to Success...

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