Florida Rising median prices and constrained inventory remained a prevailing trend in Florida’s housing market in April, according to the latest housing data released by Florida Realtors®. The trend resulted in a loss of momentum for home sales: Sales of single-family homes statewide totaled 23,829 last month, easing slightly (-1.2 percent) when compared to April 2016. “Low inventory means fewer homes on the market and increased competition for those homes,” said 2017 Florida Realtors President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart. “It puts consumers in a position where they have to be prepared and ready to buy, as many Realtors around the state report seeing more instances of multiple offers. And, without more for-sale homes, median prices will continue to rise due to demand. In April, sellers of existing single-family homes received 96.2 percent (median percentage) of their original listing price, while those selling townhouse-condo properties received 94.7 percent – an indication that the listed price is extremely close to market value.

Market Watch With Brad O’Connor – 05/24/17
In April, the statewide median sale price for single family homes rose by 10.3 percent year-over-year to $234,900, continuing a trend of double-digit percent…
More info @ https://youtu.be/3o9Xydc8fnE
Florida
Rising median prices and constrained inventory remained a prevailing trend in Florida’s housing market in April, according to the latest housing data released by Florida Realtors®. The trend resulted in a loss of momentum for home sales: Sales of single-family homes statewide totaled 23,829 last month, easing slightly (-1.2 percent) when compared to April 2016.

“Low inventory means fewer homes on the market and increased competition for those homes,” said 2017 Florida Realtors President Maria Wells, broker-owner with Lifestyle Realty Group in Stuart. “It puts consumers in a position where they have to be prepared and ready to buy, as many Realtors around the state report seeing more instances of multiple offers. And, without more for-sale homes, median prices will continue to rise due to demand. In April, sellers of existing single-family homes received 96.2 percent (median percentage) of their original listing price, while those selling townhouse-condo properties received 94.7 percent – an indication that the listed price is extremely close to market value. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 27, 2017 at 11:17AM

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http://www.businesswire.com/news/home/20170518005381/en/

Redfin: Homes Sold Faster Than Ever in April
U.S. home prices rose 6.2 percent to a median sale price of $280,000 in April, according to Redfin (www.redfin.com), the next-generation real estate b
More info @ http://www.businesswire.com/news/home/20170518005381/en/
http://www.businesswire.com/news/home/20170518005381/en/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 25, 2017 at 11:20PM

the number of California homes that sold for $1 million or more totaled 10,562 during the January-through-March period, up 11.7% year over year and the highest on record for a first quarter. Luxury homebuyers purchased 2,523 homes priced at $2 million or more in the first quarter, up 11.8% year over year and also a record for a first quarter (Figure 1). http://www.zerohedge.com/news/2017-05-24/california-million-dollar-home-sales-hit-all-time-high

California Million-Dollar Home Sales Hit An All Time High | Zero Hedge

More info @ http://www.zerohedge.com/news/2017-05-24/california-million-dollar-home-sales-hit-all-time-high
the number of California homes that sold for $1 million or more totaled 10,562 during the January-through-March period, up 11.7% year over year and the highest on record for a first quarter. Luxury homebuyers purchased 2,523 homes priced at $2 million or more in the first quarter, up 11.8% year over year and also a record for a first quarter (Figure 1).
http://www.zerohedge.com/news/2017-05-24/california-million-dollar-home-sales-hit-all-time-high Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 24, 2017 at 07:57PM

While homeownership has fallen, home prices have jumped back to pre-crisis levels, suggesting the cost and requirements for getting a mortgage are holding back many would-be buyers. Brian Moynihan, Bank of America’s CEO, told CNBC on Thursday that eased regulations including a lower down payment could make it easier for millennials, in their household-formation years, to buy homes. “Our goal, going back to regulatory reform, is should you move the down-payment requirement from 20% to 10?” Moynihan told CNBC’s Kelly Evans. “It wouldn’t introduce that much risk but would actually help a lot of mortgages get done.”

Bank of America’s CEO says a pre-crisis idea could make it easier for millennials to buy homes
Moynihan said a 10% mortgage down payment could make home-buying easier.
More info @ http://www.businessinsider.com/mortgage-downpayment-10-percent-moynihan-2017-5?IR=T&utm_source=Triggermail&utm_medium=email&utm_campaign=BII+Weekender+BII+Marketing+5.20.2017&utm_term=BII+Marketing+-+Engaged%2C+Active%2C+Passive%2C+Disengaged
While homeownership has fallen, home prices have jumped back to pre-crisis levels, suggesting the cost and requirements for getting a mortgage are holding back many would-be buyers.

Brian Moynihan, Bank of America’s CEO, told CNBC on Thursday that eased regulations including a lower down payment could make it easier for millennials, in their household-formation years, to buy homes.

“Our goal, going back to regulatory reform, is should you move the down-payment requirement from 20% to 10?” Moynihan told CNBC’s Kelly Evans. “It wouldn’t introduce that much risk but would actually help a lot of mortgages get done.” Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 21, 2017 at 07:57PM

How to Have Fun and Profit While Building Your Personal Brand “get warm leads who feel like they know you” Join Realtor Mark Parrish and me as he shares his personal branding and social media strategies applicable to your business. Some of the gold he shares: How to attract the people you want to work with. How A Realtor uses social media to get on TV and more. .Create an online character of himself. Why he only friends with his market geography. He friends and friends of friends in town. How to be a hometown celebrity and “a day maker” for your marketplace. How to be authentic. How to get an active following. How Mark breaks himself out of the commodity trap. (all business is in a commodity trap) Why “You cannot sell people on Facebook”. How Mark leverages transparency to increase his visibility. How a quirky Instagram mermaid post got Mark into a new promotional opportunity. The voyeur power of social media. Why its not always about the likes. The direct recording is here. https://goo.gl/8FHp0w It fits very well with the last recording with Bernice where we talk about content creation.

How Mark Parrish is Dominating Social Media
MARK PARRISH Realtor c: +1.612.385.5920 e: mark.parrish@lakesmn.com Big or small, Mark sells them all. He treats every client with the same level of service regardless of price throughout the Twin
More info @ https://goo.gl/8FHp0w
How to Have Fun and Profit While Building Your Personal Brand
“get warm leads who feel like they know you”

Join Realtor Mark Parrish and me as he shares his personal branding and social media strategies applicable to your business.

Some of the gold he shares:

How to attract the people you want to work with.
How A Realtor uses social media to get on TV and more.
.Create an online character of himself.
Why he only friends with his market geography. He friends and friends of friends in town.
How to be a hometown celebrity and “a day maker” for your marketplace.
How to be authentic.
How to get an active following.
How Mark breaks himself out of the commodity trap. (all business is in a commodity trap)
Why “You cannot sell people on Facebook”.
How Mark leverages transparency to increase his visibility.
How a quirky Instagram mermaid post got Mark into a new promotional opportunity.
The voyeur power of social media. Why its not always about the likes.
The direct recording is here. https://goo.gl/8FHp0w It fits very well with the last recording with Bernice where we talk about content creation. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 21, 2017 at 06:50PM

Here’s a snapshot of the findings in 12 major metro areas across the country: Pittsburgh Home price: $140,500 Monthly payment: $755.77 Salary: $32,390.09 St. Louis Home price: $170,300 Monthly payment: $889.73 Salary: $38,131.22 Atlanta Home price: $192,000 Monthly payment: $935.48 Salary: $40,092.12 Tampa Home price: $199,900 Monthly payment: $1,047.08 Salary: $44,874.70 Orlando Home price: $223,000 Monthly payment: $1,152.25 Salary: $49,382.26 Houston Home price: $217,400 Monthly payment: $1,219.74 Salary: $52,274.68 Baltimore Home price: $265,800 Monthly payment: $1,326.20 Salary: $56,837.35 Miami Home price: $310,000 Monthly payment: $1,519.48 Salary: $65,120.41 Washington, D.C. Home price: $406,900 Monthly payment: $1,911.94 Salary: $81,940.22 Boston Home price: $435,800 Monthly payment: $2,042.99 Salary: $87,556.61 San Diego Home price: $589,900 Monthly payment: $2,553.62 Salary: $109,440.97 San Francisco Home price: $885,600 Monthly payment: $3,778.78 Salary: $161,947.60 http://clark.com/homes-real-estate/salary-needed-to-buy-home/

Here’s the salary you need to afford a home in 12 major cities
With mortgage rates near historic lows, there are a lot of first-time homebuyers looking for the right opportunity to make an offer on a new place to live. But in this competitive housing ma…
More info @ http://clark.com/homes-real-estate/salary-needed-to-buy-home/
Here’s a snapshot of the findings in 12 major metro areas across the country:

Pittsburgh

Home price: $140,500
Monthly payment: $755.77
Salary: $32,390.09
St. Louis

Home price: $170,300
Monthly payment: $889.73
Salary: $38,131.22
Atlanta

Home price: $192,000
Monthly payment: $935.48
Salary: $40,092.12
Tampa

Home price: $199,900
Monthly payment: $1,047.08
Salary: $44,874.70
Orlando

Home price: $223,000
Monthly payment: $1,152.25
Salary: $49,382.26
Houston

Home price: $217,400
Monthly payment: $1,219.74
Salary: $52,274.68
Baltimore

Home price: $265,800
Monthly payment: $1,326.20
Salary: $56,837.35
Miami

Home price: $310,000
Monthly payment: $1,519.48
Salary: $65,120.41
Washington, D.C.

Home price: $406,900
Monthly payment: $1,911.94
Salary: $81,940.22
Boston

Home price: $435,800
Monthly payment: $2,042.99
Salary: $87,556.61
San Diego

Home price: $589,900
Monthly payment: $2,553.62
Salary: $109,440.97
San Francisco

Home price: $885,600
Monthly payment: $3,778.78
Salary: $161,947.60
http://clark.com/homes-real-estate/salary-needed-to-buy-home/ Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 20, 2017 at 07:45PM

What is the most expensive home in your market. These are always interesting news stories. You can preset this in your IDX display and are perfect to curate into your blog with photos and videos.

Record setting ELEVEN homes sold for $100million or more last year
This year, contrary to media reports questioning the staying power of such high-priced real estate, there has been an increase in the number of $100 million trophy homes on the market.
More info @ http://www.dailymail.co.uk/news/article-4493644/Record-setting-ELEVEN-homes-sold-100million-more.html
What is the most expensive home in your market. These are always interesting news stories. You can preset this in your IDX display and are perfect to curate into your blog with photos and videos. Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 11, 2017 at 11:51AM

May 2017

http://www.realestateconsulting.com

More info @ https://www.realestateconsulting.com/wp-content/uploads/2017/05/JBREC-Markets-New-Home-Competition_Bold.png?utm_source=hs_email&utm_medium=email&utm_content=51663425&_hsenc=p2ANqtz–5otxVmzrKAMZ0FTtUcTfZVUhlwyu_Gl4RHsrnuuoE3XbhQamE0Qf5DqRqMdXEwWmEUhiDQ7q0fpj5KTVqyun5DXdk4g&_hsmi=51663425
May 2017 Positive Real Estate News – http://www.facebook.com/pages/p/166701730035514
May 08, 2017 at 01:31PM