lake county real estate. and then some…

selling homes…a family tradition


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I have loved following this story..

Earlier this week, a story went viral.  A wonderful, heartwarming story.  A group of kids were playing basketball in the street, and someone in the neighborhood called the police to complain about the noise.  Keep in mind, this was during daylight hours.  The police officer who responded to the call treated those kids with compassion and respect.  He explained why he was there, and then played some hoops with them.  Before he left, he told the kids that he would return, with basketballs and backups.  As the story went viral, a very famous professional basketball player stepped up and wanted to be a part of the return visit.  Such a great lesson in community involvement, respect, keeping your word and yes, even basketball. “I will become whatever I want to be” – Shaq  
 
Take a few minutes to watch the Gainesville Police Department’s video.  It is well worth the time.  To see the video, click HERE
 



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If money were no object…

… and you could pick any of these celeb’s features to go into YOUR home…which would you choose? I like Gaga’s bowling alley 🙂 HGTV Canada put together a spread featuring some well known homeowners.  Some of the amenities that their homes include are impressive!  And some are down right enviable. Click on the link HERE to view the photo gallery
 

 
 


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Fannie Mae recently surveyed Americans on their knowledge of the mortgage process.

Almost 60% were uninformed, on items such as minimum FICO and various mortgage programs available. Do you have questions? I can connect you with some reputable mortgage brokers to walk you through the process.
 
What Do You Actually Need to Get a Mortgage? | Keeping Current Matters

Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways:

  • 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary
  • 86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back End Debt-to-Income (DTI) ratios is
  • 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required

To help correct these misunderstandings, let’s take a look at the latest Ellie Mae Origination Insight Report, which focuses on recently closed (approved) loans.

FICO SCORES

Average FICO Score | Keeping Current Matters

BACK END DTI

Average Back End DTI | Keeping Current Matters

DOWN PAYMENTS

Average Down Payments | Keeping Current Matters

Bottom Line

Whether buying your first home or moving up to your dream home, knowing your options will definitely make the mortgage process easier. Your dream home may already be within your reach.


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Did you know that unmarried couples purchase their first home an average of 3 years before a married couple does?

Are You Wondering What It Takes To Buy Your First Home? | Keeping Current Matters

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current income would never enable them to qualify for a mortgage.

We want to share what the typical first time homebuyer actually looks like based on the National Association of REALTORS most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first time buyer:

First-Time Homebuyer Statistics | Keeping Current Matters

Bottom Line

You may not be much different than many people who have already purchased their first home. Meet with a local real estate professional today who can help determine if your dream home is within your grasp.


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Do you believe that “owing a place of your own” is one of the most appealing aspects of homeownership?

You aren’t along. Twenty-six percent of US households agree with you. What’s the number one reason…  
 

The Most Appealing Aspects of Homeownership | Keeping Current Matters

The National Association of Realtors (NAR) just released their first issue of the Housing Opportunities & Market Experience Survey (HOME). In the report, NAR revealed what Americans believe to be the most appealing aspects of homeownership.

Here is a graph showing the results:

The Most Appealing Aspects of Homeownership | Keeping Current Matters

It is interesting to see that the two most appealing aspects had nothing to do with money, but instead, addressed the non-financial benefits of homeownership.

 


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If you are thinking that 2016 is your year to move…

listing your home sooner than later may put you at a selling advantage. Last January, housing was off to a slow start due to the bitterly cold weather. This year, a lack of inventory is the driving force in slow sales. 
 

Lack-Of-InveLack of Listings Slowing Down the Housing Market | Keeping Current Matters

The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2016 will be the year that the housing market again races forward.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout this winter, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

Calculated Risk:

“Low inventory is probably holding down sales in many areas.”

Capital Economics:

“A lack of housing inventory continues to drive developments in the market. As demand has slowly recovered, low inventory levels have weighed on home sales.”

Frank Nothaft, Chief Economist for CoreLogic:

“Many markets have experienced a low inventory of homes for sale along with strong buyer demand… These conditions are likely to persist as we enter 2016.”

Doug Duncan,Chief Economist at Fannie Mae:

“Several factors point to constrained housing affordability in 2016, particularly for first-time home buyers, including slow single-family supply response and limited inventory of starter homes on the market.”

Lawrence Yun, Chief Economist at NAR:

“Sparse inventory and affordability issues continue to impede a large pool of buyers’ ability to buy, which is holding back sales.”

Bottom Line

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.