Another Year Down…
It’s the start of a new year which means you’re probably thinking about resolutions for 2018. Whether it’s purchasing a new home, getting into financial or physical shape or reading more books, approximately half of all Americans set resolutions. It’s probably no surprise that only 8% of people actually stick to those resolutions, according to statistics. Why is this? Often times it’s because they are overly ambitious or require too much change all at once. With small, incremental changes to existing habits over a longer period of time, one will see much better results. Is one of your resolutions to buy or sell a home in 2018? If so, we are more than prepared to help you accomplish that. Whether you need to sell now or are looking at the latter part of the year, please contact us and together we can set personalized goals for you to realize your 2018 real estate goals.
Additionally, if you’re looking to renovate, purchase an investment property or do some long-term planning for your real estate future, our experts can assist you in all of those endeavors.
Looking Beyond the Resolutions…
Experts are saying that 2018 may be the best year in positive momentum in all industries. Real Estate one of the leading indicators is still quite healthy with a moderate softening the last quarter. CoreLogic’s latest report on home equity revealed that over the past 12 months there were 712,000 borrows who moved from negative equity to positive equity and those remaining with negative dropped more than 20% since the 4th quarter of 2009.
This report also showed that the average homeowner gained approximately $14,900 in equity during the past year. Homeownership does pay dividends and anyone you know who has yet to buy their first house should do so. There are many great lending options right now for such buyers and even buyers with school debt. In one year just owning a home can make a difference in the net worth of anyone.
The last bit of information in this report revealed that price gains were expected to cool as it is forecasted that a 4.2 percent increase from November 2017 to November 2018. A quote from the report captures what we are seeing on the streets “ Growing numbers of first-time homebuyers find limited for-sale inventory for lower priced homes, leading to bother higher rates of price growth for start homes and further erosion of affordability.