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, July 25, 2014

Real Estate Experts Market Update for Summer 2014

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. 

Welcome back, everyone. Today we are coming to you from the beautiful island of Sanibel, the seashell capital of the world. We are here today to give you a 2nd quarter market update. Without further ado, here are some things you need to know:
  • This month is celebrating national home ownership month. Buying a home is one of the best investments you can make for yourself and your family
  • You may have seen that home sales in certain areas are declining, but what you haven't seen is that the average home sale is up over $30,000 in the past 2 years alone
  • Prices are very regional. The states that suffered the most during the housing bust, like Florida and Ohio, are the ones that are seeing the greatest increases in average home sales.
  • Fannie Mae, Freddie Mac, and the National Association of Realtors have all released their predictions for 2015 mortgage rates. They are all predicting rates above where we are now, some even in the high 5%'s
  • When deciding what the best investment for you to make is, realize that since 2000, real estate has been a better investment than any of the stock markets, with a return on investment average of 66.8%
  • The last wave of distressed property is being sold, which is a good thing and a huge indicator that the market is coming back to normal, healthy levels.
There you have it, your second quarter market update. If you or somebody you know is interested in buying or selling real estate, please give us a call or send us an email. We would love to help!