The real estate market has been a little challenging for the last few years. Many homeowners who considered moving felt the market was too uncertain, and many of us have been waiting it out. As a real estate professional, I’m thrilled to report a positive outlook for those who are thinking about selling.
Here are some stats:
-According to the National Association of Realtors, inventory nationally of available listings has decreased 10.1 percent from May of 2012 to May of 2013.
-According to the National Association of Realtors, national home sales in May this year are at a seasonally-adjusted annual rate of 5.18 million 12.9 percent above the 4.59 million-unit level in May 2012.
-The Housing affordability index is at the highest rate since record keeping began in 1970. This index is based on the relationship between median household income, mortgage interest rates, and median home prices.
I am sharing this information with you because inventory in the Dallas/Fort Worth area is low, and I am hearing from agents and prospective buyers that they just can’t find what they are looking for.
If you've thought about selling or know someone who is, please give me a call.
Referrals are the greatest compliments.
Melanie Lloyd, REALTOR
Century 21 Mike Bowman, Inc.
In my previous career as a corporate recruiter, I learned the search, placement, and negotiating skills that are very similar, and in some cases the same, as the real estate industry. I have been complimented for my ability to efficiently fill difficult positions by listening, searching for, and placing niche talent. I will use these same skills while helping my real estate clients.
During my studies, I took some time to extensively research real estate brokers. I feel I have aligned myself with the best possible company that will support me, my family, and friends with their real estate needs. Century 21 Mike Bowman, Inc. is the number 1 office in the world for closings and has been for some time.
I understand how important it is in business to deal with people whom we like and trust. I want you to know that if you ever need anything in the area of real estate, I am here to support you 100 percent.
My hope is that you would think of me as your "go to" REALTOR. If you or someone you know is thinking of buying and/or selling a home, have them contact me.
The greatest compliments are referrals and that is exactly how I intend to build my business.
Melanie Lloyd, REALTOR®
Century 21 Mike Bowman, Inc
There’s only one sure-fire way
to determine the value of your home:
Speak to the professionals who know best.Maybe you're thinking of selling, maybe you're thinking of refinancing, or maybe you're just curious about the market. But the question is, "What is that domicile of your's worth?”
Such a simple question should be returned with a simple answer, right? Well unfortunately, determining the value of your home--or any home for that matter--can be a tricky process. You can go online and nowadays there are endless websites that will promise you a fast answer with fancy charts and graphs. As tempting as it may be to trust this information, be wary of letting a computer program tell you what your largest investment is worth.
The trouble with these websites is that they have little to no local market information. They are not aware that a new park is being built, or that a four-lane highway is being re-routed, or that you've lovingly cared for and maintained your home.
The bottom line is this: If you're serious about getting an informative valuation for your home you should contact a local real estate professional. These professionals work with the actual people who will ultimately determine the value of your home--the home buyer themselves. This is their profession and they will be happy to sit with you and explain the current market conditions that affect your home value.
or Call 817.821.8251
Builders showing confidence in housing marketHere’s a good indication that the housing recovery is for real: The National Association of Home Builders’ index climbed to 51 in June. That’s the first time the index has hit 50 in more than seven years. An index reading of 50 or more suggests that builders think housing market conditions are good.
The milestone is all the more encouraging considering that June is typically a month when the NAHB reports slower building activity than usual.
According to the survey, 41 percent of builders said current conditions were positive. Less than a year ago, only 15 percent of those polled said conditions were positive.
The NAHB survey is the latest good news about the housing recovery, coming on the heels of fewer foreclosures and a consistent rise in home prices.
Of course, all real estate trends are local, so consult your local real estate professional if you have any questions about the market.
or Call 817.821.8251