Home Builders Forecasting a Steady Rise in 2014

February 10th, 2014

Home Builders Forecasting a Steady Rise in 2014

Fri, 2014-02-07 14:05 — NationalMortgag…


Led by a resurgence in single-family production, housing will continue its climb toward higher ground in 2014, but builders are still confronting several challenges that could hinder the pace of the ongoing recovery, according to economists speaking at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas.

“My single-family forecast for 2014 is pretty aggressiv—822,000 starts which is likely 200,000 more than 2013,” said NAHB Chief Economist David Crowe. “There are five key points to the turnaround. Consumers are back, pent-up demand is emerging, there is a growing need for new construction, distressed sales are diminishing and builders see it.”


What’s Keeping Homeowners from Refinancing?

February 10th, 2014


I found this recent report interesting ,”What’s Keeping Homeowners  from Refinancing?’ consider over and over again I hear buyers and sellers talk about mortgage interest rates and monthly payments


What’s Keeping Homeowners  from Refinancing?

Author: Colin Robins February 7, 2014 0

What’s Keeping Borrowers from Refinancing?

A new commentary from Fannie Mae attempts to address a perplexing question: With mortgage rates down steadily in the last several years and greater opportunity for significant savings, why have so many borrowers elected not to refinance?

Approximately 40 to 50 percent of mortgage borrowers say that they have not refinanced the mortgage on their current home, according to Fannie Mae’s Housing Survey data collected through June 2013.

Examining the topic in a study is Fannie Mae’s senior manager of business strategy, Li-Ning Huang, Ph.D.

According to Huang’s findings, the top three most common reasons cited by respondents for not refinancing are:

  • Not reduce payments enough
  • Closing costs too high
  • A desire to not lengthen loan terms

The data also shows that some borrowers have tried to refinance in the past, but were unsuccessful. According to the report, borrowers among that group tend to exhibit higher financial anxiety, doubt their ability to get a mortgage today, and hold a more pessimistic attitude overall about their future financial situation and the overall economy.

Findings from the survey suggest that, “better awareness of one’s financial situation could encourage consumers to consider refinancing and to take action,” Huang said.

Huang notes that financial education, awareness, and messaging are critical factors in encouraging troubled homeowners to refinance. Additionally, resources and tools that help build financial literacy and awareness could lead to higher rates of refinancing.

5 Things You Should Know Before You Buy Your Next New Home

February 6th, 2014

5 Things You Should Know Before You Buy Your Next New Home

Real Estate

5 Things You Should Know Before You Buy your next New Home

From securing financing to finding the right real estate to buy, the entire process of purchasing can leave you tired and frustrated. Learning all of the tips that you possibly can is very important for success in purchasing a home.

Take a moderate approach to negotiating a real estate purchase. Many individuals want to try an extremely aggressive approach, but this doesn’t always work in their favor. Set your limits and stick to them, but your agent or lawyer have more experience in handling these kinds of negotiations.

Real estate agents should keep in contact with former clients over the holidays and on the anniversaries of their home-buying. If you call them again, they will know how much help you were when they were buying their home. Tell them that since you make your money via referrals, that you would be grateful if they could refer you to the people they know.

If you are interested in purchasing commercial property that costs a lot, locate a trustworthy investment partner to do business with. Having a partner makes it easier to get a loan if you need one to purchase the property. Investing with a partner helps to reduce the cost you will have to pay for a down payment, and it can increase your chances of being approved when applying for a large commercial loan.

Try not to be discouraged if the seller of a home you want to purchase does not accept your offer, often times sellers are willing to negotiate different aspects of the sale with you, to make the sale still possible. Explore options such as incorporating closing cost into the deal or asking for improvements to the home, prior to purchase.

Ask your Realtor if they can give you a checklist. Many Realtors have checkoff lists available that include all steps of home-buying, including finding the perfect house and mortgage procedures. Your Realtor’s list will get everything done before you go to closing.

When you purchase a property, extra funds should always be available for unexpected costs that are bound to arise. Buyers will often calculate the final closing costs by combining the amount for the down payment, any points that go to the bank, as well as any prorated taxes for real estate. But there can be even more costs at closing. These may include property taxes and assessments.

It is of utmost importance to have a good understanding of mortgage loan terms when buying a home. Knowing everything you can about monthly mortgage payments and total cost of the loan will minimize all of your confusion.

You should consider investing in the real estate market at this time. The market crashed, and prices as well as interest rates are extremely low right now. That means that it’s the perfect time to make that move into the affordable home of your dreams. The housing market will rebound, and you will see profits from your investment.

Plan ahead of time which questions you are going to ask your real estate agent. Ask crucial questions, like the number of homes they have sold the previous year and the number you’re interested in currently in your area. The agent’s responses to these questions will provide you with the information you need to reach a decision.

Have a professional inspector look at the home you are interested in. Buying a house that requires renovations is a decision that can cost you a lot of money if you don’t know what you are getting into. Not only are certain renovations pricy, but you may have to live somewhere else while they are being done, meaning you will have to spend more money.

Real Estate Agent

Once you have made up your mind to buy a new home, you must locate a real estate agent who is qualified. The real estate agent you select also needs to be trustworthy. An agent that has a proven track record will lead you in the right direction. Keep in mind that you need to do research so you can find someone who will look out for your best interests.

Use these tips as your jumping off point to learn more about the tools you need to master in order to buy your home. Make certain that you use any information here that may be useful so that you don’t run into a lot of common problems. Your search will soon yield a brand new house to call home. Enjoy!

So If You Are Ready To Buy a New Home — Call Me .. Now

#Lawrenceville #Gwinnett #RealEstate # Realtor


2013 Housing Market in Review

February 5th, 2014



2013 Housing Market in review

2013 Housing Market in review

  • For the North East Metro Atlanta and Gwinnett  area, inventory was up 11% compared to 2012 levels and down 34% from 2011. The limited availability of quality properties has turned some neighborhoods into a seller’s market.
  • The available “months of supply” was 4.6 months based upon closed sales (6 months is considered normal). This is down 9% from last month.
  • Closings for North East Metro Atlanta and Gwinnett in December were down 2.5% compared to last month and down 6.9% compared to the previous year.
  • Closings under $100,000 were down 24.6% from last December. The exit of large investors has allowed the price distribution of properties to return to normal.
  • Short sales and foreclosures seem just about over. In 2010, over 60% of sales were distressed but in December, there were only 333 foreclosures and 439 bank-owned sales.
  • New Homes are making a big comeback. There are some wonderful new home communities coming online with the latest innovations in smart building that may be great options for buyers.
  • The Case-Shiller Index reports that Metro Atlanta home values have increased 37% from the bottom of March 2012. But values remain down 16.67% from the peak of July 2007. 
  • The trend for mortgage interest rates is higher. Freddie Mac predicts s 30-year mortgage rates to be over 5% in 2014. This could significantly reduce buying power for those that wait.
  • Baby Boomers are the leading buyer segment followed by First Time Buyers. Move-Up Buyers are showing some signs of improved activity but remain well below historical levels.

This market is still a fine opportunity to buy the home of your dreams while prices and financing are historically low. But don’t wait…. Call me today.

Get listed get sold

#Real Estate  #Gwinnett # Realtor

Atlanta your new home is a Top 10 Destination

January 31st, 2014
Atlanta remained the No. 1 destination

Atlanta remained the No. 1 destination


Atlanta your new home is a Top 10 Destination

As reported by  –Atlanta Business Chronicle 

Atlanta remained the No. 1 destination for U.S. movers in an annual compilation from Penske Truck Rental.

The company created its list based on requests for one-way moves in 2013.

The top 10 destinations for American movers:

  1. Atlanta
  2. Tampa/Sarasota
  3. Dallas/Fort Worth
  4. Orlando, Fla.
  5. Phoenix
  6. Houston
  7. Seattle
  8. Chicago
  9. Denver
  10. Las Vegas

So where are people moving to? Especially one-way moves? It would appear that one study would indicate that Atlanta Is the Top Destination for Moving!  – Quality of Life and Business Growth are the #1 and  #2 answers given by “transplants” to Merto Atlanta Area

Looking to make Atlanta your new home ? Call Me!


Getting in touch with your REALTOR® shouldn’t be complicated

Just Dial 770-277-6652 (Talk, Text, Fax) always here to help with your real estate needs. 



Home Prices Push Up – Now is the Time to Sell

January 28th, 2014

Home prices edged up again in November as markets across the nation climbed a little closer to their pre-crash peaks—and others pushed up past them.

The latest Home Price Index (HPI) report from Black Knight Financial Services (BKFS) shows prices rising in November to a national index value of $232,000, up 0.3 percent from October. Compared to November 2012, the recent index was up 8.5 percent.

Georgia Home Prices at a glance

*Includes data and transactions through 12/31/2013
-0.6 %
0.5 %
8.4 %
$ 126,200
-2.0 %
-3.6 %
-2.9 %
$ 94,300
-0.6 %
-1.5 %
1.8 %
$ 133,000
1.5 %
4.6 %
15.6 %
$ 136,300
-1.2 %
-1.2 %
-0.9 %
$ 87,800
1.2 %
1.7 %
4.7 %
$ 145,400
-0.7 %
1.2 %
0.8 %
$ 95,400
-1.1 %
1.9 %
3.9 %
$ 69,100
-1.9 %
-2.4 %
0.6 %
$ 107,800
-2.8 %
-2.7 %
4.0 %
$ 90,700
-0.5 %
1.4 %
12.2 %
$ 98,100
0.5 %
3.5 %
7.8 %
$ 84,600
-0.5 %
1.1 %
-2.6 %
$ 83,100
-0.5 %
0.8 %
8.6 %
$ 128,800
0.7 %
3.9 %
17.6 %
$ 134,600
2.0 %
6.1 %
15.3 %
$ 90,600
-0.4 %
0.4 %
-3.1 %
$ 83,400
-0.6 %
-0.2 %
1.3 %
$ 94,700
-0.2 %
0.1 %
3.2 %
$ 144,100
-0.4 %
-0.3 %
0.1 %
$ 148,100
-1.0 %
-0.7 %
8.7 %
$ 125,300
-1.7 %
-0.6 %
4.0 %
$ 134,900
-8.5 %
-15.3 %
1.7 %
$ 117,000
-0.3 %
-0.2 %
0.8 %
$ 104,800


The South Home Prices

Georgia $126,200 8.4%
South Carolina $126,000 2.2%
Alabama $123,200 -1.0%
Florida $152,300 14.7%
Tennessee $118,500 2.6%
North Carolina $143,400 3.2%

December Existing Home Sales Rise, 2013 Strongest in Seven Years

January 24th, 2014

December Existing Home Sales Rise,

2013 Strongest in Seven Years

2013 Homes Sales

2013 Homes Sales

Existing Home Sales edged up in December sales for all of 2013 were the highest since 2006, and median prices maintained strong growth, according to the National Association of Realtors.

Total Existing homes sales, which are completed transactions that included single family homes townhomes and condos increased 1.0%  with an over all annual rate of 4.87 million in December.  For all of 2013 there were 5.09 million sales which is 9.1 precent higher than 2012 The strongest performance since 2006.


Foreclosures, Short sales in 2014 – What To Expect

January 23rd, 2014

Recent reports show that overall both Foreclosures and Short Sales are still far below the last year at this same time however December did show a less than 1% increase from November and a 10% increase from a year ago. The national sales price of U.S. residential properties, including both distressed and non-distressed, hit $168,391 in December, virtually unchanged from November and up 2% from December 2012.So we are seeing a decrease general inventor and a slow down in the price increase. Remember short sales typical take 3-5 months from list date to close date So home listed under contract in late 2013 will not be reflected into sale until as late as spring of 2014

And while short sales did trend lower in the second half of the year, there are still more than 1.2 million properties in the foreclosure process or bank-owned, providing a sizable pool of inventory that the housing market is in the process of absorbing,” Blomquist said. “Meanwhile, non-distressed sellers have not listed their homes for sale in droves, helping to keep the distressed share of sales at a stubbornly high level.”

Tradtional Seller NOW is the time to get list – with a high volume of  short sales expected to close in 1st quarter  of 2014 we could see  issues with appraised values being lower then expected (reflecting the short sales)

If you want to know your homes value call me or click here 



Mortgage applications rise 4.7% Refinance share increases 10%

January 22nd, 2014

GREAT NEWS – with new mortgage applications on the rise homes sales are sure to follow.

Gwinnett county currently has a house supply – shortage and a buyer demand is increasing

This report from HousingWire reports a  rising 4.7% for the week ending Jan. 17, the latest report from the Mortgage Bankers Association said. The refinance index also reported a 10% jump from last week, compared to the purchase index, which fell 4% from a week ago. Overall, the refinance share of mortgage activity edged higher to 64% of total applications. The 30-year, fixed-rate mortgage with a conforming loan limit decreased to 4.57%: the lowest level since November 2013. In addition, the 30-year, FRM with a jumbo loan balance dipped to 4.57% from 4.58%, while the 30-year, FHA rate also dropped to 4.24% from 4.29%. All three 30-year mortgage rates reached their lowest levels since November 2013, with the 15-year FRM decreasing to 3.68% from 3.72% a week earlier. Meanwhile, the average contract interest rate for a 5/1 ARM fell to 3.23% from 3.28%.


Lawrenceville GA

Gwinnett Mortgage Applications

Great Schools to Inspire

January 21st, 2014



With an exterior paint job resembling a glitched-out computer monitor and an inside with enough neon green to rival the wackiest of Karim Rashid-designed spaces, this primary school in Melbourne could hardy be more upfront about its commitment to keeping things light and breezy. The Dallas Brooks Community Primary School isn’t Australian firm McBride Charles Ryan‘s first attempt at giving the kids a break from school-day doldrums with colorful stripes and spiky silhouettes, though with this one, the request for a bright color scheme came at the community level. As the firm tells it, the overall approach was to “construct an atmosphere that facilitates a fluid and rich journey through the early years of early academic life.” All it needs is a slide coming out the back and we’re in business!