Happy New Year! It’s hard to believe that 2014 is already here and upon us. And from the predictions so far it looks like this is going to be a healthy year for the housing market.
A recent article on CNNMoney points out how the housing market is shifting and will provide more opportunities for both buyers and sellers, although it is somewhat of a balancing act.
“For a sustainable recovery you want to see more balance between buyers and sellers,” CoreLogic Case-Shiller’s chief economist David Stiff explains. Stiff is forecasting a 6.8% rise in the median home value for 2014.
While housing inventory is up, it’s still a seller’s market because the supply is lower than normal – about 15% lower than the historical average. There are going…
More women than ever are the primary earners in their households, according to a recent Pew Research Center study. In a record 40 percent of American households with children— nearly four times the level in 1960 — women are the breadwinners. And about two-thirds of these breadwinners are single. According to the National Association of Realtors, single women accounted for 16 percent of home buyers last year, lower than their long-term average of 20 percent. Yet they…
We live in a time where digital photos are everywhere. Take Instragram, Snapchat, Facebook and of course Pinterest as prime social media examples of where photos are instant forms of communication. It's because of these social networks that consumers demand a visually appealing online presence.
According to the National Association of Realtors, nine out of 10 home shoppers begin their search on the Web. Due to this listing photos can play a major role in how quickly your home sells, the home price it's listed at and of course even if it sells at all. "Photography is at the center of all your marketing," says Brian Balduf, chairman of VHT, ..."It's not just documenting that there is a house for sale. You want people to say, 'What a house,' " and be…
The holidays are a fun and festive time, but what about buying a house? Should you try to do that in November or December? If you're not picky about the home you intend to buy, the answer might be yes.
Sellers tend to avoid the end of the year due to the short days, wintry weather and the conventional wisdom that says buyers are otherwise occupied. But for those who do choose to sell at year end are often under pressure and highly motivated to cut a deal and that's why it might be a smart time to buy. Determined househunters can take advantage of sellers' urgency.
The biggest downside is the limited supply of for sale homes, which occurs mainly because sellers are so uninterested, but a couple of things are working to your advantage. There will be…
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Looking for a Home? Do you want to live at the beach? Move to Beachtown Condos in Shadowlawn, Virginia Beach. Come home to this coastal design inspired community only 3 blocks to the boardwalk in the Shadowlawn Community. Start living by the beach lifestyle and enjoy the Virginia Beach sunshine, boardwalk, restaurants, and festivals at the oceanfront.
Bishard Development presents Beachtown Condos – 8 – “No Fee” 3 story condos ranging in square footage from 1393 sq ft to over 2200 sq ft. All condos have at least 3 bedrooms 2 ½ bath and 9’ ceilings on the main living area plus a 1 or 2 car garage. These condos will not last long in this prime location. Get in early to make your selections… Projected…
Did you buy in the housing boom? Want to sell your home now?
Over the last year, I have heard from a few prospective sellers that say I made a bad decision and should have never bought when I did. You may have this same thought if you purchased your home in 2005 through 2009.
Let’s dig into this deeper.
For an example you purchased your home in Virginia Beach at the end of June 2005 for $300,000 dollars. Say today, it is worth $250,000. Say if you had rented a home of the same value – rent would be maybe $1,400 a month.
For a case study- We will use June 2012 as the ending point with would be 7 ½ years.
If you take $1400 a month in rent paid each month for 7 ½ year that is $16,800 x 7 ½ years or $1400 a…
Something is always happening around town in Virginia Beach or just a short drive away. Go fishing, play a round a golf, or head to the beach and enjoy the festivals and music throughout the year. Have some fun and share your experiences with your friends and family.
Qualify for the Boston Marathon at the March Shamrock Sportfest’s annual 26.2 mile challenge, or run for fun in one of the shorter races. There are a lot of races in the area, so come train with The Hampton Roads Runners.
Every spring, the Virginia Arts Festival welcomes internationally-acclaimed dancers, musicians, actors and other performance artists in one of the premier cultural events in the mid-Atlantic region.
In May, the oceanfront goes Caribbean during the annual…