2015 Real Estate Trends

By Susan Johnston, usnews.com, Dec. 2014

  
As housing recovers, prices in many markets across the U.S. have shot up. In fact, RealtyTrac reported that themedian sale price of U.S. single-family homes and condos in October had reached its highest level since September 2008. Price appreciation and the lure of foreclosures created a feeding frenzy for real estate investors willing to pay cash and made it harder for traditional buyers to compete.

But experts say that 2015 will be marked by a return to normalcy and balance for real estate markets across the country. Stan Humphries, chief economist for Zillow.com, predicts that home value growth will slow to around 3 percent per year instead of the 6 percent seen recently, and that will make real estate less attractive to many investors. “It’s been a tough market for buyers,” he says. “I think it’s going to get easier in 2015.Negotiating power will move back to buyers and away from sellers. It will be a much more balanced market.” (Too many buyers and too little inventory, or the opposite, contribute to an unbalanced market.)

Redfin.com’s chief economist Nela Richardson agrees. “It’s been a clear pattern that the investor activity has been shrinking over time,” she says. “Investors like to go in where they can buy low and sell high. Price growth is starting to slow dramatically, so they can’t sell much higher than what they buy. Investment property is less compelling in 2014 going into 2015.”

More inventory and less competition from investors means even traditional buyers are becoming “more picky, and they’re willing to let a home go if they don’t think it’s a good fit for them,” Richardson adds. “Buyers are less worried that they’ll miss out on something. Houses are more like buses now. If you miss one, another one will come along.” Whereas buyers might waive contingencies in the recent past to make their offer more attractive to sellers, they’re now more likely to insist on contingencies for financing and inspections.

For years, many millennials have postponed homeownership in favor of renting, but that may also change next year as a growing number of Gen Yers start families and seek more stability. “By the end of 2015, millennial buyers will represent the largest group of homebuyers, taking over from Generation X,” Humphries says. “They prefer smaller units closer to the urban core, so it will be interesting to see whether they follow the time-honored path towards the periphery of the metro.”

Baby boomers are also likely to make a move in 2015. Chan says he’s “gotten so many calls from baby boomers recently saying, ‘We’re downsizing, and we’re moving to be closer to our grandkids or our son or daughter.’” With fewer homes underwater, they’re finally in a position to sell.

While mortgage rates may not remain at the historic lows seen recently, more people may qualify for home loans as issues like foreclosures or short sales age out of their credit reports and Freddy Mac and Fannie Mae ease mortgage eligibility. Freddy and Fannie recently announced a new mortgage program for buyers with a down payment as low as 3 percent. “Freddy and Fannie have always been the industry leaders, and they’re saying, ‘It’s OK to lend to people who don’t have 5 percent down. It’s OK to extend credit in a reasonable and safe manner,” Richardson says.

Want to know more about the “Normal Market”?
Whether you are thinking about buying or selling (or both), the current trend toward a “normal” or “balanced” market will have an effect on you.  The only way to know specifically is to call me; I will be glad to sit down with you and talk you through the changes in the housing market and how to take advantage of them, no matter what side of the transaction you’re on.  Let me be your eyes and ears in real estate.  Call me today.  

Cyndi Carver

206-686-1818
Cyndi@CyndiCarver.com

Factors to consider Issaquah Real Estate for Sale

Home staging it is an essential part of the selling of your real estate property. But there are Factors that you have to reconsider in selling your real estate property issaquah real estatefor sale knows very well on what these factors are. if you plan a historic old real estate then you might want to consider its architectural style, These are some of the factors that you have to consider before selling your real estate. The style and the architectural features of your real estate is a strong factor in selling your home, such as baroque, spanish, or even modern styled houses. Some people like baroque and some prefer the spanish houses highlighting its beauty and emphasising it will really help in selling your real estate. You also have to make sure that the colors should fit to the style of the home as well as the decorations of the home.

One important factor that plays a vital role in selling your house could be the space inside the house. Space gives you a sense of freedom and movement and in which you can feel relaxed and not restricted, no one would want to live a house that is to overcrowded, an overcrowded home usually can give the owners a very bad feeling of being not able to move freely as if they are restricted by their own things inside the house. Mind that the house should be spacious, and you also have to clean the house before selling it.

The highlight of a home is that of the kitchen, kitchen is a part of the house that is most examined by the buyers.In kitchen it is where the people or the owner dines and prepares his foods it is only natural for the buyer to check if the kitchen is good or not. You may want to add some renovation and improvement in your house, in doing this it will not only make your real estate good to look at but will also attract customers

The next Important factor that you have to consider in selling a real estate is that you do not overdo the renovation and improvement. Overdoing the renovation and improvements of the house may ruin the highlighted and emphasized historical features of your home, Keep in mind that much is bad, issaquah real estate for sale knows this very well.

Happy Holidays !!

Tips for Beginners in Selling Issaquah houses for sale

There are different ways in making good profits in the real estate industry, one of these is selling issaquah houses for sale. But of course, having the finances for capital is vital to start on your business and make informed decisions such as making the right investments for the real estate business. Knowing the standards of the real estate industry helps real estate agents in making good profits, additionally be successful by utilizing unique talent and skills to stay on top in this busy and competitive industry. 

The number one basic work of a real estate agent is to sell real estate properties. The real estate career is very rewarding if the skills that you have are utilized all and well. Selling real estate properties is one of the number one skills that gets real estate agents or business individuals to be on the edge among everyone else in the industry. Real estate agents are actually paid thru commissions and gaining one or two commissions will already allow you to obtain good profits. For beginners, take good belief on beginner’s luck since selling real estate properties offer a lot of positivity.Investment of property is the next vital job of a real estate agent. Having an investment is actually a passive type of income that is advantageously convenient. One example of this is buying property and then renting it out at fairly good rates. Thus creating another source of income and making better profits. Housing flipping is another great tip to take, don't let a good opportunity as another means of income like this to pass by. House flipping is actually defined as the business of buying old homes and then redesigning and making fixes and improvements to effectively beautify and increase the home value therefore allowing good ratings for your home.This is a good real estate business option that more and more real estate investors are doing this, don't get left behind, flip homes too and watch how it grows your money.

Finally, having occupants in common is one of the easiest ways to find success in the realm of real estate. This is successfully done by bringing together a large group of friends and family to buy the property such as Issaquah Houses for Sale. Do these basic tasks and tips in real estate, you shall get your immediate success in no time.

Cyndi Carver Wishes You A Happy Thanksgiving !!!

Real estate agent;Invest Bellevue Real Estate for Sale

Invest Bellevue real estate for sale can be very confusing and really can bring up hassles this is where a real estate agent comes in. now, what is a real estate agent and what can they do for you? Real estate agents are people who work for real estate salespeople, real estate agents are under the supervision of real estate sales people. An agent is person who is authorized to represent the interest of another person, an agent is a person who acts and helps people in buying, selling or renting a home or a land. real estate agent’s job is to advise clients on mortgages, market conditions and pricing real estate agents also advise their sellers on how can they make their homes much more attractive in the eyes of the buyers. A real estate agent guides their clients throughout the transaction process of their business. 

A real estate agent compares homes to know the different market price of each properties, a real estate agent also prepares and submit all the paper works, and they also work as an mediator during the negotiation of the buyer and the seller these are only one of the many things that a real estate agent should do. So what can you do?the first thing that you have to do is that you have to establish your needs. Establishing your needs helps you because they set your goals and limitations in this way you can distinguish from what you want and what you dont want. The second thing that you can do is that you have to learn the difference, learning the differences between a home and a house; a house is a place where you can stay in which can help you exist but a home is a place on which you can feel safe, stay and can help you live. make sure you know the differences and make the right decisions among the differences 

The third thing that you can do is that you have to be honest, being honest to yourself and to the real estate manager helps a lot. If you have certain needs you can tell it to your real estate manager; Remember it is the job of a real estate manager to represent the interest of its clients it is your responsibility to make him do his/her job. now you know what to do you can now invest bellevue real estate for sale.

Looking for Homes for Sale in Issaquah?

Finding the right home for you and your family will require thorough planning to point you out at the right direction. When you are looking for homes for sale in Issaquah you should also look for a trustworthy real estate agent that would serve the needs you want to land you and your family a nice and cosy home.

The process of looking for the right place us to look for a good real estate agent, Check the following tips:

Do research. finding a good or even the best real estate agent would be impossible if proper research isn't done. What differentiates an average real estate agent from the good real estate agent is to know the latest market trends. Be updated by looking at some real estate newsletter. Take it one at a time. Know that the real estate agent should be there to answer your queries and give solutions to real estate dilemmas until the deal is closed. Real estate agents have a very important role in the looking for a home process therefore it is important to avoid rash decisions when choosing one. An open communication should be present with the real estate agent and the client. The right real estate agent always get in touch with their clients especially when informing you about right deals. Listen to recommendations by your family and friends that have received satisfying service from the real estate agent. This is a good thing to take advantage of and get vital information about the agent’s performance. You can even check the reviews and ratings on their website about the real estate agent you’re planning to hire. Be knowledgeable and smart, these should be one of the qualities that your real estate agent should have. In a world with fast technological advancements, a web savvy real estate agent is a huge plus. The real estate agent should be knowledgeable and updated on the trends of the market no matter how ever changing these are.

House buying does not only involve knowing the right house to buy but also knowing the right person to help you. Your real estate agent will help you in finding homes for sale in Issaquah but of course this should be the real estate agent’s area of specialty to really give you the best options to choose. So, when looking for the right home, consider checking out Cyndi Carver Real Estate.