Ever tried to build a fire and it got a little out of hand? Sure, you have. As we exit the heat of summer and prepare for the slowly coming Fall season, you can be sure to continue the quiet nights in front of the fire as the falling leaves grace your presence with peace and the warm colors of Autumn as we see the real estate market seem to make its gradual climb into prosperity, particularly for one aspect of the mortgage loan industry of 2015 –
Fannie Mae – Looks Like Things Are Looking Up for Mortgage Rates
In particular, it’s been reported that the mortgage delinquency rate saw a decline in July from 1.66% to 1.63%. And that’s not even the most impressive metric so far for this real estate market. Fannie Mae’s feelin’ it as this is the lowest level for mortgage delinquency since – wait for it – 2008!
So, yes – our real estate market is getting better.
However, It’ll Be a While Before Fannie Mae Sees the Fire Go Out Completely
It’s still good news that Fannie Mae’s mortgage delinquency rate’s going down, but here’s the thing: the “norm” for the mortgage delinquency rate is traditionally under 1%. So Fannie Mae’s getting there, albeit a bit slower and more gradual. The statistics and predictions show that by 2017 Fannie Mae’s delinquency rate will hit the under-1% mark.
So keep fanning away, Fannie Mae. You’ll get there.
What does it take to optimize strategy in selling homes? That’s simple. Education. You need to know how to be an expert in selling homes, and here’s how:
So You Thought You Had to Itemize Your http://bit.ly/1lDvBWL
You don’t have to be a real estate guru to know that the east coast so-called “blue” states over there are all about the real estate, real estate, real estate. Without a doubt, that’s where the market’s cutthroat, and it’s like a game of inches and timing. You strike when the iron’s hot, and you hope for some ROI in the process.
Thankfully, we have some good news for you: the entire national real estate market seems to be looking pretty good, primarily for home sellers, as home prices begin to skyrocket clear across the board –
But Just in Case You’re in One of These States, You Have to See These Numbers
Bear in mind that as a home seller, if you want some ROI for major investments you’ve made to your property and you’re looking to move out, you’ll want to wait until you start seeing these numbers. These are predictions. But as the real estate market continues to flourish as we see here, there’s no doubt that these predictions will shortly become realities. So let’s take a look:
- Florida – Sort of hard to believe given the real estate risk, but with these types of oceanfront properties always going like hotcakes, it’s no wonder that we may be seeing this home price spike.
- Georgia – The Peach State isn’t too bad either with this type of growth.
- South Carolina – And don’t discount SC at all with their percentage.
- North Carolina – Double ditto.
- Virginia – All we can say is ‘wow’ as we feast our eyes on this percentage. If you’re living in this state, you’re swimming in the ROI possibilities.
- West Virginia – And WV isn’t too shabby either.
- Washington D.C. – Land of the Free, Home of the Growing Prices in the District of Columbia.
- Maryland – How’s this for a sweet percentage of increasing home prices?
- Delaware – And Delaware isn’t hurting much either, staying pretty steady on the East Coast.
- New Jersey – It’s the place to be for home selling, apparently, with this percentage.
- Pennsylvania – And so is Philly while we’re on the topic!
- New York – Take a bite out of the Big Apple and other “fruits” with this hefty forecasted number.
- Connecticut – This little state? Making home price waves on the East Coast? The short answer is YES.
- Rhode Island – The tinier state here even rocks real estate with this home price growth percentage.
- Massachusetts – It’s even better here? See for yourself just how good this state’s home price numbers will climb.
- Vermont – One of the top three states in the nation with the highest growth in home prices. Want to see the percentage?
- New Hampshire – Ditto as well. Check it out.
- Maine – Even those cold Eskimos in Maine will be loving the growth there.
Crazy, Right? Crazy Good!
Call that a touchdown if you will for real estate. This is a clear sign that, slowly but surely, our real estate market’s looking better and better.
It’s hard to believe, but it’s true: millennials in our real estate demographic for home buying have already been putting their stamp in the market share, which is a good thing for the industry. We’re not going to see a real estate explosion quite yet, though, given the record low numbers of mortgage applications among millennials (and a consistent high growth for home renting) due to lack of job growth, student loan debt, and a later timeline for marriage and new families.
But It’s Coming. Some Say the Millennial Generation’s Already Here for Real Estate Home Buying
What you need to know, though, is what exactly they’ll be looking for in terms of a home…. Keep that in mind. Because of the inventory of available houses aren’t there; those millennials aching for a home to buy, well, won’t buy – which is bad for real estate business.
Here’s what millennials will want in a home (and you certainly won’t need any Gray’s Sports Almanac to figure this one out):
- They’ll Want to Focus on LESS – Less, as in less ‘possessions’. What does that mean, exactly? Find out right here.
- They’ll Want a “Hip” Community – But why? Why does it matter if the neighborhood’s all about fun and games for everyone? Here’s why.
- Convenient Commute – Cars? No. Find out why millennials these days really don’t care about getting that auto loan for a hot sedan.
- Rent-to-Own – Aside from the fact this demographic for RTO homes has already imploded on the market, here’s the big reason why millennials love the idea of flex rental options like this.
- “Can You Hear Me Now? Good!” – Think about it. We’re in the day and age where cell phone reception is the millennial lifeblood. What does that have to do with a home, though?
- Eating on the Go – These are the home buyers without families, for one thing. So what’s the one thing they won’t be looking for in a home that should hit you on the head the most?
- A Home Business Space – Again, it’s about convenience, and here’s why millennials would love this idea.
- “Pet-Friendly” Environments – Did you know millennials are very much into pets these days? This is why you need to have an inventory that provides this type of amenity for that demographic.
- “Turn-key” Maintenance? – You heard right. In other words, those millennials want homes that are REALLY updated in terms of all utilities and appliances. Here’s why.
- Party Spaces – You wouldn’t need to be a rocket scientist to know that those millennials would love to entertain guests. But they’ll need this feature in a home to do it.
This is getting heavy, Doc….
We’ve Got You, However, on This Real Estate Market
Preparation. That’s what it’s all about. Whether it’s home staging or a real estate agent who can access all the available homes, RTO or not, with all the correct features millennials are going to want. Because when they buy, people sell. Home improvements, renovations, maybe even new construction – the new millennial generation may drive this focus in.
So let’s align with it. And make the real estate market ready for the future (and flying DeLoreans). Sign up for more information with the HOPE Program today!
Good news for all! It looks like the national real estate market is ready for an upswing of home prices due to low inventory, and every single state will be feeling it very, very soon. Yes, this does include the Midwestern states we all love so dearly. The crossroads of America. The Mitten. The Windy City. You name it.
Each of these states will be a pretty good place to sell a home with optimal returns. So if you live in any of these states, and you’re planning on selling your home somewhere in these corn fields, take a look at the home prices first and see if you should plan ahead for pricing that home on the higher end of the big bucks!
Take One Look Here at the Entire Midwest and See for Yourself
- Texas — Rattlesnake country, the Lonestar state, deep in the heart here is some pretty steady increases with this percentage.
- Oklahoma — But OK will be skyrocketing! Want to know just how high? See for yourself.
- Kansas — There’s no place like home here with this percentage for an increase in home prices.
- Nebraska — Amazingly enough, Nebraska is right on par with Kansas, too. Talk about consistency….
- South Dakota — Even SD’s better with their percentage, so if you have a home here, better wait for the comparables to sell here.
- North Dakota — Look at that…. Another state that’s scarily consistent with the others here so far. Want to know what that percentage is?
- Minnesota — Selling houses up here isn’t going to lose much investment either (you’ll probably get some ROI, to be honest).
- Iowa — Now that’s what we’re talking about. This state’s even better than Oklahoma for home sellers!
- Missouri — Nothing but smooth sailing for home sellers here with this percentage.
- Arkansas — Simply lovely. You’re seeing the pattern here, aren’t you? It’s looking good in the Midwest for home selling.
- Louisiana — And what about here? Not too shabby. Decent percentage!
- Mississippi — Mark Twain would actually be proud of this boost in the home selling market.
- Illinois — You can’t beat Illinois’ numbers here. Chicago. Springfield. It doesn’t matter.
- Wisconsin — And the cheese state will be killing it like the Packers (hopefully).
- Michigan — Lakes, hills, and crazy weather…. And yet we can cheer for the Mitten with this percentage!
- Ohio — We’re so not lying here. Every state here will be seeing a home price increase according to CoreLogic. Check out Ohio’s percentage right here.
- Indiana — The state may be the “crossroads,” but many might stop here to buy a home.
- Kentucky — Talk about a derby…. You might as well have every state here compete with the highest percentage, and Kentucky’s undoubtedly a contender.
- Tennessee — We’re close to the end here, and we’re still seeing some decent numbers with this state….
- Alabama — What a way to close out the Midwest growth with this percentage….
Pretty Serious With These Numbers….
This is especially the case if you’ve already invested in so much with the home that you want to make sure you maximize your top dollar in the event that you’re selling. The timing has to be right, or you walk out of your home with actually less money than what you invested.
But How Do You Make Sure That It’s the Right Time to Sell Your West Coast Home?
Easy. You check out the CoreLogic predictions for the entire United States! Here’s why: if the home prices are forecasted to climb, chances are good you’ll want to sell at that point and not right now. And, thankfully, according to those numbers, it’s looking pretty good for you to sell your west coast home later. Here’s why:
- Washington — Just check out how much of a percentage home prices will spike in the near future for this state. If you’re living here, you might want to strategically wait….
- Oregon — Oregon’s not too shabby either! Just check out this percentage yourself.
- California — We already know the state’s been dominating the entire market, but do you want to know how well it’s going to do for home sellers very soon? Click here.
- Alaska — Yes, even “Bush Country” is bountiful with the rising home prices. Here’s by how much.
- Hawaii — Who knew that it was going to be paradise to sell your west coast home here?
- Arizona — Even in Arizona, when you sell your west coast home, you’re selling for bigger bucks with these numbers.
- Utah — Are you seeing a trend here? All of these states are seeing an increase in home prices, including here for this much.
- Idaho — And let’s not forget these potatoes.
- Montana — Not too shabby either just in case you’re residing here. Take a look here to see for yourself.
- Wyoming — You’re bound to see a more steady balance of buyers and sellers here, but one thing’s for sure: this percentage is still a growth in home prices!
- Colorado — Yet, Colorado’s exploding nearly as much as California with this predicted percentage.
- New Mexico — And NM is sitting on a good goldmine with their percentage to look forward to in the home selling market.
So Will It Be a Good Time to Sell Your West Coast Home?
The short answer is ‘yes’. And you noticed it yourself — each state here will be seeing growth. This allows for more options when you sell your west coast home. Save yourself some money. And make your real estate work for you.