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Confused by the Headlines?

2/25/2015

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It seems one day a market study will conclude that the home sales market is bad because today's generation has no desire to own a home. Then, the next day a new report will detail the improved housing market and predict that Millennials will be the largest home buying group in 2015. What gives? The generation that doesn't believe in homeownership will be the largest home buying group next year?

Here are headlines from three separate news releases issued over a one month period

Millions of Potential New Households Waiting Out the Recovery

Experts: First-Time Homebuyers'  Weak Finances Holding Back Housing Market

And then, 

This Year, Millennials Will Be Biggest Home Buying Group

How can the same news source contradict itself like that?

It sure seems that the group that released the first two stories disagrees with the organization that published the last news release.

Surprise: the same entity published all three reports.

What?

It seems the company (a well-respected provider of housing information) reported that those forming new households are not looking to buy a home. They actually surveyed over one hundred housing experts who agreed. But 30 days later, they reported that millennials (most new households) will be the biggest group of home buyers this year. All in one month!!

All the headlines can be true. However, a consumer reading them might be misled. 

It's easy to be confused when National and Local information is mixed together. Statistics can be misinterpreted and become misleading. It takes an expert to make sense out of the figures and not someone looking to create an attention grabbing headline.

If you are confused about the conflicting housing headlines and reports, it is best to talk to a local real estate professional who can help you understand your local real estate market.

Realty World ALL STARS agents have the training, experience and local market knowledge to help you with your real estate questions and concerns. And they also know when more research is needed to give you an intelligent answer.

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2015 The Year of Homeowner Opportunity

2/20/2015

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Many believed that when the housing market crashed, so too would the desire of American’s to own a home again. Many reports have shown that, especially among younger generations, the American Dream of homeownership is still very much alive.

Julián Castro, Secretary for HUD, recently summed up what it means to own a home in a speech at the National Press Club.

"Homeownership is still the cornerstone of the American Dream — a fact you can see in the lives of everyday folks.

It’s a source of pride. It’s a source of wealth, providing both a nest and a nest egg. And it strengthens communities and fuels growth in the overall economy."

Castro appropriately named his speech, “2015: A Year of Housing Opportunity”, a theme that rang true throughout.

“Opportunity is not an abstract concept - it's a path to a more prosperous life, and housing often serves as its foundation. T.S. Elliot once said that "home is where one starts from."

“A home is often a primary source of wealth in a family… Having a home is generational way to pass that wealth on. We want people responsible enough to own a home to have that opportunity.”

Bottom Line

“Over the years-through decades of economic downturns and wars-the American people have always held on to this Dream, and always will.”

As the economy continues to improve, more and more Americans will qualify for homeownership, allowing more families to obtain the American Dream.

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Two Things You Don’t Need to Hear from Your Listing Agent

2/17/2015

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You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to:

1.       Set the market value on possibly the largest asset your family owns (your home)

2.       Set the time schedule for the successful liquidation of that asset

3.       Set the fee for the services required to liquidate that asset

An agent must be concerned first and foremost about you and your family in order to garner that degree of trust. Make sure this is the case.

Be careful if the agent you are interviewing begins the interview by:

Bragging about their success
Bragging about their company’s success

An agent’s success and the success of their company can be important considerations when deciding on the right real estate professional to represent you in the sale of the house. However, you first need to know that they care about what you need and what you expect from the sale. If the agent is not interested in first establishing your needs, how successful they may seem is much less important. It’s very possible they don’t have your needs at the top of their list!

Look for someone who comes in prepared well enough to explain the current real estate market and patient enough to take the time to show how it may impact the sale of your home.

You don’t want someone  who is only interested in trying to sell you on how great they are.

There are many agents from which to choose. Pick one who truly cares.

If you liked this, you may also like this: Hire A Professional

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HOW TO GET TOP VALUE FOR YOUR HOME

2/12/2015

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These 8 simple steps can make all the difference in the world between getting plenty of showings with no realistic offers and  receiving top market value for your home. Your real estate agent wants you to make as much profit from the sale of your home as possible. Together, success is practically inevitable. 
You may also like: 2 Things You Don't Want To Hear
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    Karla Elkebir
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    Joe Thomas

    Karla and Joe

    We're the owners of Realty World ALL STARS,  and we play an active, hands-on  role in the daily operation of our company.
    We'll be glad to help you find the right agent to assist you in marketing your home, land, income and commercial properties. Feel free to call us direct or send us a message.

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