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Tampa Bay Real Estate Blog

Gary and Nikki Ubaldini

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Displaying blog entries 11-20 of 184

Where is the Housing Market Headed in 2019? [INFOGRAPHIC]

by Gary and Nikki Ubaldini


Some Highlights:

  • ­Interest rates are projected to increase steadily throughout 2019, but buyers will still be able to lock in a rate lower than their parents or grandparents did when they bought their homes!
  • Home prices will rise at a rate of 4.8% over the course of 2019 according to CoreLogic.
  • All four major reporting agencies believe that home sales will outpace 2018!

If you have been thinking about whether or not to sell your home in 2019 and are curious about market conditions in your area, let’s get together to help you decide the best time to list your house for sale. Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

Buyers Are Looking for Your Home, Now [INFOGRAPHIC]

by Gary and Nikki Ubaldini

Some Highlights:

  • Existing home sales are currently at an annual pace of 5.32 million and have increased on a monthly basis for the last two months.
  • The inventory of existing homes for sale remains below the 6-months needed for a normal market and is now at a 3.9-month supply.
  • Inventory remains low due to high demand from buyers who are still looking for houses to buy!

If you have been thinking about whether or not to sell your home and are curious about market conditions in your area, let’s get together to help you decide the best time to list your house for sale. Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

4 Reasons to Sell Your House This Winter [INFOGRAPHIC]

by Gary and Nikki Ubaldini

Some Highlights:

  • Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available!
  • Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
  • Perhaps the time has come for you and your family to move on and start living the life you desire.

If you have been thinking about whether or not to sell your home and are curious about market conditions in your area, let’s get together to help you decide the best time to list your house for sale. Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

The Tale of Two Markets [INFOGRAPHIC]

by Gary and Nikki Ubaldini

Some Highlights:

  • An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices!
  • Inventory continues to rise in the luxury and premium home markets which is causing prices to cool.
  • Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for 80 consecutive months

If you have been debating whether or not to sell your home and are curious about market conditions in your area, let’s get together to help you decide the best time to list your house for sale. Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

 

The #1 Reason to Not Wait Until Spring to Sell Your House

by Gary and Nikki Ubaldini

Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition!

The #1 Reason to List Your Home in the Winter Months is Less Competition!

Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months’ supply of listings from the National Association of Realtors.

The #1 Reason to Not Wait Until Spring to Sell Your House | Simplifying The Market

As you can see, the ‘sweet spot’ to list your home for the most exposure naturally occurs in the late fall and winter months (November – February). 

Temperatures aren’t the only thing that heats up in the spring – so do listings!

The #1 Reason to Not Wait Until Spring to Sell Your House | Simplifying The Market

In 2017, listings increased by nearly half a million houses from December to June. Don’t wait for these listings to come to market before you decide to list your house.

Added Bonus: Only Serious Buyers Are Out in the Winter

At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers.’ The lookers are at the mall or online doing their holiday shopping.

Bottom Line

If you have been debating whether or not to sell your home and are curious about market conditions in your area, let’s get together to help you decide the best time to list your house for sale. Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

7 Reasons to List Your House For Sale This Holiday Season

by Gary and Nikki Ubaldini

Every year at this time there are many homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven great reasons not to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their new employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is minimal competition for you as a seller right now. Inventory of homes for sale traditionally slows in the late fall, early winter. Let’s take a look at listing inventory as compared to the same time last year:

7 Reasons to List Your House for Sale This Holiday Season | Simplifying The Market

  1. The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream homes during the busy spring and summer months are still searching!
  2. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge and reach new heights which will lessen the demand for your house in 2019.

Bottom Line 

Waiting until after the holidays to sell your home probably doesn’t make sense. Are you thinking of selling your home? Let’s get together and discuss your options and market conditions of your neighborhood. Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

Home Sellers in Q3 Netted $61K at Resale

by Gary and Nikki Ubaldini

According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232.

This is the highest average price gain since the second quarter of 2007 and represents a 32% return on the original purchase prices.

After the Great Recession, many homeowners were left in negative equity situations but home price appreciation in the recovery period since then has given homeowners something to smile about.

The results from ATTOM fall right in line with data from the latest edition of the National Association of Realtors’ (NAR) Profile of Home Buyers and Sellers. Below is a chart that was created using NAR’s data to show the percentage of equity that homeowners earned at the time of sale based on when they purchased their homes.

Home Sellers in Q3 Netted $61K at Resale | Simplifying The Market

Even though those who purchased at the peak of the market netted less than those who bought before and after the peak, the good news is that there was a double-digit profit to be had! Many homeowners believe that they are still underwater which has led many of them to not even consider selling their houses.

Bottom Line

If you are curious about how much equity you’d earn if you sold your home, let’s get together to perform an equity review and determine the demand for your home in today’s market! Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

Why Has Housing Supply Increased as Sales Have Slowed Down?

by Gary and Nikki Ubaldini

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers.

For over three years leading up to this point, the exact opposite was true; Inventory dropped as sales soared.

NAR’s Chief Economist Lawrence Yun shed some light on what could be contributing to this shift,

“This is the lowest existing home sales level since November 2015. A decade’s high mortgage rates are preventing consumers from making quick decisions on home purchases. All the while, affordable home listings remain low, continuing to spur underperforming sales activity across the country.”

Let’s take a deeper look:

Interest Rates

Since January, 30-year fixed mortgage interest rates have increased nearly a full percentage point (from 3.95% to 4.9%). Fannie Mae, Freddie Mac, the National Association of Realtors, and the Mortgage Bankers Association are all in agreement that rates will continue to increase to about 5.2% over the next 12 months.

“The rise in [mortgage] rates paired with this very strong price appreciation absolutely is slowing housing,” said Fannie Mae’s Chief Economist Doug Duncan.

Even though rates are higher than they’ve been in a decade, they still remain below the average for the 1970s, 80s, 90s, and 2000s!

Mismatch of Inventory

Elizabeth Mendenhall, President of NAR, said it best, “Despite small month over month increases, the share of first-time buyers in the market continues to underwhelm because there are simply not enough listings in their price range.”

Prices of starter and trade-up homes have appreciated faster than their higher-priced counterparts. Over the last 5 years, the lowest-priced homes have appreciated by 47% while the highest-priced homes have appreciated by only 24%.

According to the Institute of Luxury Home Market’s Luxury Market Report, the $1M-and-up price range is now experiencing a buyer’s market. This means that supply (inventory) has finally caught up with demand and buyers are in the driver’s seat when it comes to negotiations. Additionally, many listings in this price range have experienced price cuts in order to entice buyers to put in offers.

Natural Disasters

Although not fully to blame for the national shortage in sales and inventory, natural disasters like Hurricane Florence, Hurricane Michael, and the wildfires on the West Coast have certainly had an impact.

Bottom Line

Additional inventory coming to market could help normalize the housing market and allow incomes to catch up to home prices. For more information about sales and inventory in our area, let’s get together so we can help you make the best decision for you and your family. Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

by Gary and Nikki Ubaldini

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional.

Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of just some of the people with whom the seller must be prepared to negotiate with if they decide to For Sale by Owner (FSBO):

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interests of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find someproblems with the house
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the CO permits mentioned above
  • The buyer’s buyer in case there are challenges with the house your buyer is selling

Bottom Line

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years.

Are you thinking of selling your home? Let’s get together and discuss your options and market conditions of your neighborhood. Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

Where are Home Values Headed over the Next Few Years?

by Gary and Nikki Ubaldini

There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions:

The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, and economists conducted by Pulsenomics each quarter.

Zelman & Associates – The firm leverages unparalleled housing market expertise, extensive surveys of industry executives, and rigorous financial analysis to deliver proprietary research and advice to leading global institutional investors and senior-level company executives.

Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.

Freddie Mac – An organization whose mission is to provide liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.

The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.

Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets always.

Here are their projections of prices going forward:

Where are Home Values Headed over the Next Few Years? | Simplifying The Market

Bottom Line

Every source sees home prices continuing to appreciate – just at lower percentages as we move through the next several years.

Are you thinking of selling your home? Let’s get together and discuss your options and market conditions of your neighborhood. Contact Your Real Estate Family - Contact The Gary & Nikki Team today or call - 727-787-6995.

Take the first step in putting your home up for sale. Find out how much it could sell for.
Get a FREE, INSTANT home valuation. Click HERE.

 

Displaying blog entries 11-20 of 184

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Contact Information

Photo of Gary and Nikki Ubaldini Real Estate
Gary and Nikki Ubaldini
Keller Williams
30522 US 19 N., Suite 107
Palm Harbor FL 34684
(727) 787-6995