Market Trends Real Estate Newsletter June 2014

Market Trends Real Estate Newsletter June 2014 June 2014 Subscribe to this Free Real Estate Newsletter! EXISTING-HOME SALES GAIN STEAM For the first time in 2014, existing-home sales rose during the month April while inventories increased, according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops rose 1.3 percent in January to a seasonally adjusted 4.65 million units for the year. NAR chief economist Lawrence Yun anticipated the market improvement. "Some growth was inevitable after sub-par housing activity in the first quarter, but improved inventory is expanding choices and sales should generally trend upward from this point," he said. "Annual home sales, however, due to a sluggish first quarter, will likely be lower than last year." Nationally, total housing inventory increased 16.8 percent during April to 2.29 million units. The median time for homes to sell was 48 days in April, a decrease from 55 days in March, while 41 percent of April home sales were on the market for less than a month. MORTGAGE AFFORDABILITY UPDATE Freddie Mac reports the national average commitment rate for a conventional, 30-year fixed-rate mortgage at 4.34 percent in April, which is unchanged from March but up from 3.45 percent recorded in April 2013. Approximately 70 percent of investors paid cash during the month. Steve Brown, NAR President, sees a lot of opportunity in the current market. "The typical time on market shrunk in April, with four out of 10 homes selling in less than a month," he said. "Homes that show well and are properly priced tend to sell the fastest. More housing inventory gives buyers better choices, and takes the pressure off of the buying process, which is a welcome sign, especially for first-time buyers." SUMMER SELLING OPPORTUNITIES Sellers, you have an excellent opportunity to sell your home this season if you have the right pricing strategy in place from the start! Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell. An Overpriced Home: · Minimizes offers · Lowers agents response · Limits qualified buyers · Lowers showings · Lowers prospects · Limits financing · Wastes advertising dollars · Nets less for the seller When you are ready, contact us today for a personal free market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home!

JUST LISTED! Beautiful Large 5 Bedroom 4 Bath Modesto Home for Sale! The Aguilera Real Estate Team

2320 Sea Otter Court, Modesto, California

Beautiful, Clean and Large Two Story Home!

PROPERTY DETAILS

$385,000

LISTING INFORMATION

• MLS: 14029337
• BEDROOMS: 5
• BATHS: 4
• PARTIAL BATHS: 0
• SQ FT: 2964
• LOT SIZE: 6,534 Sq Ft
• STYLE: Contemporary
• GARAGE: 2 Car
• HEAT SOURCE: Gas
• SCHOOLS: Modesto City

MORE INFORMATION

• View Map
• Disclosures
• More Photos

PROPERTY DESCRIPTION

Entry opens up to spacious living room. Two bedrooms downstairs including a bedroom with its own full bath. Formal dining room. Family room opens up to kitchen and backyard. Kitchen has breakfast nook and pantry closet. Over sized master suite with master retreat. Master bath has separate shower, tub and walk in closet. Nice sized backyard. Come see this beauty!

PRICE REDUCED To $300,000 - 527 New England Ave, Lathrop California Real Estate

PRICE REDUCED To $300,000! Lathrop CA Homes For Sale

527 New England Ave, Lathrop, California

There's No Place Like Home!

PROPERTY DETAILS

$300,000

LISTING INFORMATION

• MLS: 14012481
 
• Bedrooms: 4
• Baths: 2
• Partial Baths: 1
• SQ FT: 2208
• Lot Size: 3659
• Style: Contemporary
• Garage: 2 Car
• Schools: Manteca Unified

MORE INFORMATION

• View Map
• Disclosures
• Mortgage Calculator
• Print Preview
• More Photos

PROPERTY DESCRIPTION

Spacious two story home with separate living room/ dining room combo. Open floor plan in family room and kitchen. Kitchen has beautiful granite counter tops and a pantry closet. A breakfast nook compliments the kitchen. Large Master bath with separate tub/shower and walk-in closet. Good sized backyard with stamped concrete and fully landscaped.  Bring your pickiest buyers!

Market Trends Real Estate Newsletter April 2014

Market Trends Real Estate Newsletter April 2014

Existing-Home Sales Report Existing-home prices were up across much of the country in February due to a lag in inventory levels, according to a recent report by the National Association of REALTORS (NAR). However, overall existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops fell 0.4 percent during February to a seasona Continue Reading...    Low Rates Available Freddie Mac reports the national average commitment rate for a conventional, 30-year fixed-rate mortgage at 4.3 percent in February, down from 4.43 percent recorded in January 2014. Buyers were accessing rates of 3.53 percent in February 2013. First-time buyers were responsible for 28 percent of purchases in February, up from 26 percen Continue Reading...    The Best Selling Strategy Sellers, you have an excellent opportunity to sell your home this season, if you have the right pricing strategy in place from the start! Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listi Continue Reading...

The Aguilera Real Estate Team, Keller Williams Realty 2311-A North Tracy Blvd, Tracy CA 95376 Office: 209-597-8256   Visit http://www.tracyrealestatetoday.com

Market Trends Real Estate Newsletter March 2014

Market Trends Real Estate Newsletter March 2014

National Real Estate Market Report Existing-home sales dropped in January despite rising prices caused by low inventories, according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops fell 5.1 percent in January to a seasonally adjusted 4.62 million units for Continue Reading... Your Credit Score Your credit score is a composite snapshot of your credit history. A high credit score takes time to cultivate, and is not likely to raise much in a short period of time. Generally speaking, you want to make sure you pay your bills on time, keep outstanding debt levels to a reasonable amount for each account, and avoid closing accounts you've s Continue Reading... Investing in Real Estate Today's low interest rates and stabilized home prices have created some great investment opportunities! Investing in real estate has unique advantages over other types of investments: Interest in mortgage loans are tax-deductible. Investors can lower their tax liability while increasing their equity. Renters pay down you Continue Reading...

The Aguilera Real Estate Team, Keller Williams Realty 2311-A North Tracy Blvd, Tracy CA 95376 Office: 209-597-8256 Visit http://www.tracyrealestatetoday.com

Market Trends Real Estate Newsletter March 2014 - Aguilera Real Estate Team