mchenry county real estate agent todd couture
To Sell or Not to Sell? 5 Signs It Is Time to List Your Home
If you’re like me, thoughts of putting your home on the market and moving up, down or out of dodge all together periodically float through your mind. These days, there’s extra incentive given the inventory shortage in most regions of the country—some areas are even experiencing bidding wars.
“After back-to-back years of a robust housing recovery, we are continuing to experience another year of a shortage of inventory of homes for sale,” reports Phil McBride. “With a large backlog of homebuyers, multiple offers on new listings are the norm. We are seeing approximately 90 percent of sales activity in the market areas and price ranges where we are experiencing the shortage/low inventory, which is sending prices upward.”
National statistics bear this out. According to the National Association of REALTORS®, total existing-home sales increased 6.1 percent in March—the highest annual rate since September 2013—however, the housing supply has only experienced a…
View original post 516 more words
July Press Conference?
Generally we aren’t ones to criticize the Fed – post crisis they have done an excellent job supporting a recovery through zero rates and unconventional measures, and have begun to step back without causing the panic and damage that was predicted. It’s an incredibly difficult job, with huge importance.
That said, our view is that the Fed has pretty much hit the mandate, the data supports that, and an end to zero rates is warranted soon. The drop in Q1 GDP looks increasingly like a quirk. In reading the dueling Fed blogs as to the cause of this drop (New York FED says winter and San Francisco FED says residual seasonality), we can’t help but think that either way, Q1 is not a true reflection of the economy now or going forward. Do you think productivity fell 3% in the first quarter? Although the Fed has consistently been too…
View original post 280 more words
Should You Lock When Mortgage Rates Go Higher?
Should You Lock When Mortgage Rates Go Higher?
For some homebuyers, the 4.00 percent 30-year fixed mortgage rate is a line in the sand they have no intention of crossing. As of June 2, 2015, some lenders are already charging 4.125 percent for a benchmark conventional 30-year fixed rate mortgage, according to Mortgage News Daily’s Chief Operating Officer Matthew Graham. READ MORE
Ready to Sell Your Home? Ready to Buy? Search for Homes for sale in Columbia, South Carolina & Search for Homes for sale in Lexington and Lake Murray, South Carolina
RealtorCouture 