Real Estate Blog

If you are debating listing your house for sale this year or even early next year, here is the #1 reason not to wait!  This is simple supply and demand.  Selling when demand is high and supply is low is how you make the most money on your sale.  You have to act fast though.  Things can change quickly.  If you have been thinking about making a move, now is the time!

Buyer Demand Continues to Outpace the Supply of Homes For Sale

According to the National Association of REALTORS’ (NAR) Foot Traffic report, there are more buyers out in the market right now than at any other time in the past three years.

The graph below shows the significant increase in foot traffic experienced this year compared to 2014.

Foot Traffic Year-Over-Year | Keeping Current Matters

The latest Existing Home

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Home values in 29 states and the District of Columbia are within their historically normal range, according to Freddie Mac’s latest housing index.

The Multi-Indicator Market Index now stands at a value of 81, indicating a national housing market that is on its outer range of stable activity. The MiMi has improved 6.17 percent year-over-year and has rebounded 37 percent since its all-time low in October 2010. Still, the index remains significantly off its high of 121.7.  To read the article, click here. 

If you are thinking of selling, now might be the time--contact us for more information, we would love to show you what your home may be worth! 

(Source: Realtor Mag)

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Do you know what the value of your home is?  If you are thinking of selling or are just curious, give us a call so we can price your home right the first time! 

"For the seventh consecutive month, the gap has widened between what home owners say their home is worth compared to what appraisers say, according to Quicken Loans’ August 2015 Home Price Perception Index."  To read the complete article, click here.  (Source: RealtorMag)

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"Although kitchens and bathrooms always steal the spotlight in a home remodel, they aren’t necessarily the ones that have the highest return on investment when you sell your home.

Since 2002, trade magazine for contractors and builders “Remodeling” has been tracking how much it costs to do common home improvement projects — and then calculating how much of that cost is recovered when the home sells. 

Each year, we highlight the projects with the highest return on investment (ROI) from the magazine’s “Cost vs. Value Report.” 

Related: The Best Home Improvements for 2015

But this year, we decided to focus not just on the new data, but how projects have performed since 2002.

So, what’d we find?"  To find out, click here. 

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What building materials are trending in new-home construction? The latest Annual Builder Practices Survey, conducted by Home Innovation, reveals what buyers can expect to see in the new-home market.

1. Garages: The garage door is getting more enhancements, including windows, insulated doors, and doors made of composite or plastic materials. In 2014, 32 percent of all new single-family homes had bays for three or more cars—the most ever recorded in this study's history.

2. Flooring: Carpeting continues to be the most popular flooring option for new construction, with about 83 percent of all new-home bedroom installations having carpeting. However, only about 40 percent of living rooms now have carpet. Hardwood flooring – both solid and engineered

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"Virginia Beach is one of the 10 best cities to live in, according to a new study.

The WalletHub study looked at cities with a population of 300,000 or more and compared livability, quality of health and education systems, economic growth and tax rates. In all, the study took into account 31 key metrics to come up with the list.

Virginia Beach is No. 10, just behind Lexington, Ky., and San Francisco, which tied for No. 8. Austin, Texas, took the top spot.

The study also found that in Virginia Beach, the household income adjusted by the cost of living is three times higher than in Cleveland. Detroit, ranked lowest, has a violent crime rate that is 13 times as high as Virginia Beach’s.

By category, Virginia Beach ranked ninth in livability, 14th

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Inventory Levels & Demand

Sales of existing homes rose 3.2% from May, outpacing year-over-year figures for the ninth consecutive month. Total unsold housing inventory is at a 5.0-month supply.

This is down from May’s 5.1-month supply and remains below the 6 months that is needed for a historically normal market.

Consumer confidence is at the highest level in over a decade. Pair that with interest rates still around 4%, new programs available for down payments as low as 3%, and you have an attractive market for buyers.

Buyer demand for housing surged to it’s highest level since June 2013.

Prices Rising

June marked the 40th consecutive month of year-over-year price gains as the median price of existing homes sold rose to $236,400 (up 6.5%

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When I was a little girl, I used to love to play with my doll house--not really the dolls, but moving around the furniture and making the house look just right.  My grandmother used to give me her scarfs, and I would use them as curtains, rugs, bedding--anything that could make the house cozy and warm.  I first painted my bedroom when I was 10, and as a teenager, I made an entire "feature wall" of photographs--my mom was thrilled!  

As an adult, I have found just as much joy in my real "doll house", which changes frequently as I love everything about moving.  Yes, you read that right--I love to move.  I enjoy packing (and unpacking) every last box.  This odd passion lead me to the Ziemer Team, where I hope to assist not only Jennifer and Eric on making

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