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You'll love this charming home with fantastic center of town location. Recent improvements include newer windows, roof, mechanicals, siding, and fresh paint. The home boasts a first floor master bedroom with full bath, hardwood floors throughout, a fireplace, and good sized rooms.
View photos and more info: http://8pendletonroad.thebestlisting.com/
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🎉🎉🎉 Congratulations to our Sellers for putting this beautiful home under contract! 🍷🍷🍷
Are you looking for the perfect country retreat, an equestrian property, a mini estate, a gentlemans farm? Look no further, this is it! Amazing setting with so many possibilities. The special property consists of just over 35 acres, a post and beam cape cod style home with 2,600 sq ft of living space, 4 working fireplaces including a beehive oven, a stone patio area, 2 new chimneys and a lot more!
View photos of this property here: http://48robertsvilleroad.thebestlisting.com/
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According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeownersthink there will be a “housing bubble and price correction” within the next 2 years.
After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.
The two major causes of the housing crash were:
Today, housing inventory is at a 20-year low with new construction starts well below historic norms and financing a home is anything but simple in the current mortgage environment. The elements that precipitated the housing crash a decade ago do not exist in today’s real estate market.
The current increase in home prices is the result of a standard economic equation: when demand is high and supply is low, prices rise.
If you are one of the 58% of homeowners who are concerned about home values depreciating over the next two years and are hesitant to move up to the home of your dreams, take comfort in the latest Home Price Expectation Survey.
Once a quarter, a nationwide panel of over one hundred economists, real estate experts and investment & market strategists are surveyed and asked to project home values over the next five years. The experts predicted that houses would continue to appreciate through the balance of this year and in 2018, 2019, 2020 and 2021. They do expect lower levels of appreciation during these years than we have experienced over the last five years but do not call for a decrease in values (depreciation) in any of the years mentioned.
If you currently own a home and are thinking of moving-up to the home your family dreams about, don’t let the fear of another housing bubble get in the way as this housing market in no way resembles the market of a decade ago.
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First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand!
According to the National Association of Realtors (NAR), the inventory of homes for sale dropped 7.1% year-over-year to a 4.3-month supply and is down for the 25th consecutive month.
Some homeowners may be hesitant to list their homes for sale because they are worried that they will also have a problem finding a home to buy and move in to. This is a legitimate concern; no one wants to sell their home quickly and not have anywhere to live.
But there is good news! If you are thinking of moving up to a luxury or premium home, there is more inventory available in these markets and you may even get a great deal on a home that has been on the market for a while.
If you are the owner of a starter home and you are looking to move into a trade-up home, or if you are just looking to relocate to a new area in a home of the same size, there is still hope!
In many markets, homeowners are building contingency plans into their contracts. This means that the homeowner builds in extra time before they close in order to find their dream home and they are upfront about the contingency with any buyers who come to see the house.
Your home is an oasis to buyers who are searching for homes in today’s market. The right buyers will sympathize and wait for you and your family to find your next home.
Don’t let the fear of not finding a home to move in to stop you from moving on with your life. Talk to a local real estate professional who can help you set expectations with potential buyers from the start.
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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.
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!
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👌👌👌 3 Beds| 1.1 BATHS|1595 Sq.Ft|$214,900 🏡🏡🏡
👪👪👪COME SEE THIS GORGEOUS MOVE IN READY HOME SET IN THE HEART OF WINDSOR CENTER. THIS IS THE ONE! UPDATED AND SUN FILLED, THE HOME BOASTS SOARING CEILINGS, REFINISHED HARDWOOD FLOORS, CROWN MOLDING, FIREPLACE, NEW WINDOWS, AND GENEROUS SIZED ROOMS. 👍👍👍
View property info here: http://6remingtonroad.thebestlisting.com/
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🎉🎉🎉 Congrats to our clients! looking forward to a successful closing! 🙌🙌🙌
View full property details here: https://www.homesnap.com/CT/East-Granby/8-Pond-Lane?a=114341217
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Every three years, the Federal Reserve conducts their 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).
The latest survey data, covering 2014-2016 will be released later this year. In the meantime, Lawrence Yun, the National Association of Realtors’ Chief Economist estimates that the gap has widened even further, to 45 times greater ($225,000 vs. $5,000)!
Put Your Housing Cost to Work for You
As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.
The latest National Housing Pulse Survey from NAR reveals that 84% of consumers believe that purchasing a home is a good financial decision. William E. Brown comments:
“Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own.Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home.”
If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, meet with a real estate professional in your area who can guide you through the process.
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