Leugers Group - Brokered by eXp Realty

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"To raise the bar in our society by rendering life-changing high value service that saves the people we serve time, money and frustration."

Friday, May 30, 2014

Real Estate Market Update for Our Local Area

There are many great Gulf Coast Area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Value Report so you know what buyers will pay for your home in today's market. You may also call me at (239) 344-7571 for a FREE home buying or selling consultation to answer any of your real estate questions.

Real Estate Market Update for Our Local Area

Today I have some special guests with me to provide you with a real estate market update. Future Real Estate Experts Trevor and Alanna's goal is to inform and educate you so that you can make better decisions when you enter the real estate market. Despite negative reports in the news, the real estate market is doing just fine, but you can only learn this by looking through all of the data. 
  • The first slide indicates the total sales in the US from 2013 to 2014. The reason for a decrease in sales in Kentucky is because of a low amount of inventory. This doesn't mean that the market is bad in Kentucky, it just means that there weren't as many home to sell as there were last year.
  • I don't want you to think I'm cooking the books, so I have compiled some statements from non-real estate professionals. Freddie Mac says that our market is much better than it was in 2009. Housing starts are up by 50%, home prices have risen by 16%, and sales are up by 13%. It is predicted that these statistics will continue to rise in 2014.
    • Fannie Mae has also supported my positive opinion of the market by suggesting that real estate is the best possible investment right now.
    • According to a poll by Gallup, real estate is still the best long-term investment. It beats out gold, stocks/mutual funds, savings accounts and bonds. People of all age groups also seem to believe that real estate is their best investment. 
  • In the future we will be experiencing an increase in home prices and also an increase in interest rates. 
    • The National Association of Realtors predicts that by the first quarter of 2015 that interest rates will be right around 5.5%. This is only a 1% increase, but this could cost you hundreds of thousands of dollars over the course of a 30-year loan. 
Large, national summaries of the real estate market in America are never helpful to consumers because real estate is actually extremely local and can differ from neighborhood to neighborhood. This is why it's so important to hire a real estate agent that can act as an expert in your local market and provide you with accurate information about what is really going on. 

I can show you the numbers in your area in order for you to make an educated decision in regard to real estate. For our sellers, we can show you how we sell homes for 18% more money using a proven and repeatable system backed by market research. If you're buying, we can negotiate to get you the best terms and the best price on the home that you want. 

Feel free to contact me if you're looking to buy, sell or invest in real estate in Ohio, Kentucky, or Southwest Florida.