For Sale! 29 Byron Dr, Granby, CT @ $264,900!
"Come home to this charming Colonial set in Granby's desired Poet's Corner. You will appreciate a few of the recent upgrades such as a newer roof 2018, new furnace, new easy care vinyl siding 2018. Inside find a generous sized kitchen with ample cabinet space, stainless refrigerator, and eat in area. Additional features included hardwood floors, a wood burning fireplace in the formal living room, built in shelving, and a family room. " Read more property info here: https://29byrondr.thebestlisting.com/ #ForSale #Granby #SimardRealtyGroup #SellingCT #eXpRealty
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The economy is currently experiencing the longest recovery in our nation’s history. The stock market has hit record highs, while unemployment rates are at record lows. Home price appreciation is beginning to reaccelerate. This begs the question: How long can this economic recovery last? The Wall Street Journal (WSJ) Survey of Economists recently called for an economic slowdown (recession) in the near future. The most recent survey, however, now shows the economists are pushing that timetable back. When asked when they expect a recession to start, 42.5% of the economists in the previous survey projected between now and the end of 2020. The most recent survey showed that percentage drop to 34.2%. Here are the most current results: Like the economists surveyed by the WSJ, most experts are still predicting a recession will likely occur sometime in the next few years. However, many are pushing back the date for the economic slowdown.
Bottom Line Real estate is impacted by the economy (and the consumer’s belief in the strength of the economy). The fact that most economic experts are calling for the recovery to continue through 2020 means the housing market will also remain strong for the foreseeable future. SOURCE KCM #HousingMarketUpdate #HomeOwnership #SimardRealtyGroup #joineXpRealty FOR SALE! 4 Overlook Dr, Canton CT @ $319,900!
"Full of light this space is perfect for gathering in all seasons. The first floor is complete with an office/den and a bathroom. On the upper level are four bedrooms. The master is complete with a full bath and large walk in closet. The lower level boasts a finished basement with another fireplace and over 800 sq ft of finished space." View more property info on this link: https://4overlookdr.thebestlisting.com/ #ForSale #Canton #SellingCT #SimardRealtyGroup #eXpRealty Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below: With inventory being one of the biggest housing market challenges today, finding a starter home right now isn’t easy. According to the Q3 Housing Trends Report from the National Association of Homebuilders (NAHB), 68% of those searching for a home think their search will get harder or stay about the same over the next 12 months.
The same study reveals, “In Qtr3’19, buyers actively engaged in the process of buying a home are more likely to have spent at least 3 months searching (58%) than a year earlier (55%).” This is certainly no surprise, given the current inventory status. So, what’s the good news? The NAHB continues to say, “If still unable to find a home in the next few months, the next step for most long-time searchers is to continue looking for the ‘right’ home in the same preferred location (52%). The next step for 35% is to expand their search area and for 16% is to accept a smaller/older home. Only 15% will give up looking.” What does this mean for homeowners? If you’re thinking of selling your home, buyer demand is high – and those looking in your neighborhood aren’t planning on giving up anytime soon. The majority of potential buyers who are still searching for their dream home are eager, willing, and ready to buy, so maybe it’s time to list your house and make your move. Bottom Line With buyer demand as high as it is today, and inventory in the entry and middle-tier markets remaining low, it’s never been a better time to move up. Reach out to a local real estate professional to determine if now is your time to sell. SOURCE KCM #ForSellers #ForBuyers #SellNow #BuyNow #SimardRealtyGroup #eXpRealty
Keeping a pulse on the current status of the housing market is key to making confident and informed decisions. Let's connect to see if you're ready to buy or sell a home.
Top Granby Realtor Stephen Simard Exp Realty Granby Real Estate Granby Connecticut Find your Granby home New homes for sale Simard Realty Group Granby homes for sale Join Exp Realty Simsbury homes For Sale! 10 Hallview Drive, Simsbury, CT @ $460k!
"Tremendous value for this development! Come home to 10 Hallview! This light filled home has the perfect layout, just what todays buyer desires. Set in the Hallview Estates neighborhood this charming home offers a private setting. Gorgeous views look out from the wrap around front porch, the perfect spot to unwind and catch the sun set. " See full property info and photos here: https://10hallviewdrive.thebestlisting.com/ #ForSale #Simsbury #SellingCT #SimardRealtyGroup #joineXpRealty Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate:
1. Real estate diversifies your income “While it is certainly important to be properly diversified with your investments, it is even more important to be diversified with your income. This is because the largest financial risk for most of you is the loss of your primary source of income, which is typically in the form of a day job.” The article highlights how having multiple sources of income, such as those derived from real estate investments, can eventually lead to relying less and less on a day job. Sound dreamy? It can be. When done well, real estate investments may eventually open up your time and the financial freedom to explore other things, like travel and other aspirations you may have for the future, particularly in the golden years of retirement. 2. Real estate produces near-immediate results “You can achieve and feel the results almost immediately. Property improvements are visible and tangible. You can cash, spend, and invest rent payments. Today! Not 30 years in the future.” Currently, home prices are appreciating in all price ranges, and just last week CoreLogic announced their 12-month home value projection at 5.6%, an increase from 4.5% noted earlier this summer. With that in mind, real estate today is definitely driving immediate results! 3. Passive income can help you become financially independent sooner “If you need $40,000 a year to live, you could alternatively invest in assets that generate an 8% cash-on-cash return. This is a very reasonable assumption. And it means you would only need to save a total of $500,000 (instead of $1 million). Yet, your investments would still meet your annual household living needs. While returns, taxes, and inflation can, of course, affect your timeline, cash-flowing real-estate is a clear asset.” Homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you’re contributing to your net worth by increasing the equity in your home, bringing you one step closer to true financial independence. Bottom Line If you want to increase your savings and overall net worth, real estate is a great way to go. To learn how you can make it happen, contact a local real estate professional to guide you through the process. SOURCE KCM #FirstTimeHomeBuyers #MoveUpBuyers #SimardRealtyGroup #eXpRealty Price Improved for 37 Salmon Brook St, Granby CT now @ $$219,999!
"Located across from the farmington valley bike trail, close to all amenities, and Granby/Simsbury centers. Granby offers small town charm, easy access to farms, parks, and great schools. Schedule your private showing." Read more property info and see more photos here: https://37salmonbrookst.thebestlisting.com/ #PriceImproved #PriceReduced #SalmonBrook #SellingCT #SimardRealtyGroup #joineXpRealty For Sale! 33 Canal St, Weatogue, CT @ $515k!
"Great opportunity with this high visibility mixed use property set conveniently in Simsbury. First floor is currently a pediatrician office. Attractive well kept building with large front porch/entrance, plenty of parking, 3 car detached garage, and newer roof." Read more property info here: https://33canalst.thebestlisting.com/ #ForSale #ForRent #Weatogue #SimardRealtyGroup #eXpRealty In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals, “Saving for a down payment is one of the biggest obstacles faced by first-time home buyers. Dispelling the 20 percent down payment myth could open the path to homeownership for many more.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate how much they need to qualify for a home loan. According to the same article: “Americans still overestimate the qualifications needed to get a mortgage, resulting in qualified potential buyers not even considering homeownership. Indeed, the Urban Institute report revealed that 16 percent of consumers believed that the minimum down payment required by lenders is 20 percent or more, and another 40 percent didn’t know at all.” While many potential buyers still think they need to put at least 20% down for the home of their dreams, they often don’t realize how many assistance programs are available with as little as 3% down. With a little research, many renters may actually be able to enter the housing market sooner than they ever imagined. Myth #2: “I Need a 780 FICO® Score or Higher” In addition to down payments, buyers are also often confused about the FICO® score it takes to qualify for a mortgage, believing a ‘good’ credit score is 780 or higher. To debunk this myth, let’s take a look at Ellie Mae’s latest Origination Insight Report, which focuses on recently closed (approved) loans. As indicated in the chart above, 50.23% of approved mortgages had a credit score of 500-749.
Bottom Line Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Believe it or not – your dream home may already be within your reach. SOURCE KCM #BuyingMyths #DownPayment #SimardRealtyGroup #eXpRealty |
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