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Debra Swayze's Blog

By Debra Swayze | Agent in Middletown, NJ
  • The Rise of Regional Home Prices (Year-over-Year)

    Posted Under: Market Conditions, Home Buying, Home Selling  |  October 2, 2013 8:03 AM  |  279 views  |  No comments






    For Local Monmouth County Information: http://debraswayzemonmouthcountyrealtor.com/category/uncategorized/


    Debra Swayze
    Cartus Certified Network Relocation Specialist

    Heritage House Sotheby's Realty
    1020 Hwy 35
    Middletown, NJ 07748
    M: (732) 513.0039| O: (732) 615.9898 Ext 2063| F: (888)800.9620

    DebraSwayze@gmail.com

    www.DebraSwayze.com

    Download your free mobil real estate search app
    http://87778.mobi/b/index.php?tcode=HHSIR

    Whether you are moving across the street or cross country, I can help. Ask me how!

    Source: http://bit.ly/13p0hf6
  • 13,918! 13,918! 13,918!!?? What does this number mean? Why not make it 13,919 tomorrow!

    Posted Under: Market Conditions, Home Buying, Home Selling  |  July 29, 2013 5:23 AM  |  356 views  |  No comments
    Houses in shopping cartThere are many naysayers declaring that the housing market is still challenged. Young adults are burdened with too much student debt. Interest rate increases are killing demand. Homeownership is no longer seen as part of the American Dream.  

    We just want to let these naysayers know three things:  13,918 houses sold yesterday, 13,918 will sell today and 13,918 will sell tomorrow. 13,918!

    That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales had increased 15.2% over the year before. According to the report, annualized sales now stand at 5.08 million. Divide that number by 365 (days in a year) and we can see that, on average, almost 14,000 homes sell every day.


    For Local Monmouth County Information: http://debraswayzemonmouthcountyrealtor.com/category/uncategorized/


    Debra Swayze
    Cartus Certified Network Relocation Specialist

    Heritage House Sotheby's Realty
    1020 Hwy 35
    Middletown, NJ 07748
    M: (732) 513.0039| O: (732) 615.9898 Ext 2063| F: (888)800.9620

    DebraSwayze@gmail.com

    www.DebraSwayze.com

    Download your free mobil real estate search app
    http://87778.mobi/b/index.php?tcode=HHSIR

    Whether you are moving across the street or cross country, I can help. Ask me how!

    Source: http://bit.ly/13p0hf6

  • ATTENTION POTENTIAL SELLERS!! More Sellers Jump Into Favorable Market

    Posted Under: Market Conditions, Home Buying, Home Selling  |  June 11, 2013 3:54 AM  |  297 views  |  No comments

    Inventories of for-sale homes are increasing as more owners see rising home prices and faster sales as a reason to try to sell now, according to industry reports.

    In April, the number of listings was higher than the level of homes that were under contract in that month, according to a study by the real estate brokerage ZipRealty, which measured listings in 24 major metro markets.

    “It’s less of an indication of buyer momentum flagging and more of seller momentum picking up, finally,” says Lanny Baker, the company’s chief executive.

    The reports find that homes are selling faster—on average, within 32 days of being listed. In April 2012, that average stood at 48 days for homes to sell. 

    “A market in which the sale prices are happening very close to the list prices, a market in which the list prices seem to be moving sequentially higher, and a market in which any of those houses are selling speedily is one that is bringing sellers back,” Baker says. “That makes it feel to a seller that this isn’t going to be a long passive despair that I tried three years ago.”


    For Local Monmouth County Information: http://debraswayzemonmouthcountyrealtor.com/category/uncategorized/


    Debra Swayze
    Cartus Certified Network Relocation Specialist

    Heritage House Sotheby's Realty
    1020 Hwy 35
    Middletown, NJ 07748
    M: (732) 513.0039| O: (732) 615.9898 Ext 2063| F: (888)800.9620

    DebraSwayze@gmail.com

    www.DebraSwayze.com

    Download your free mobil real estate search app
    http://87778.mobi/b/index.php?tcode=HHSIR

    Whether you are moving across the street or cross country, I can help. Ask me how!

  • Sales of existing homes hit higest point since 2010

    Posted Under: Market Conditions, Home Buying, Home Selling  |  April 2, 2013 11:12 AM  |  217 views  |  No comments
    The Real Estate Market usually doesn't see rising numbers till Spring, but the latest statistics are showing the winter months, specifically February, are showing that Sales of existing homes hit highest point since 2010

    February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of Realtors®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases. 

    Lawrence Yun , NAR chief economist, said conditions for continued housing improvement are at play. "Job growth in the improving economy and pent-up demand are causing both home sales and rental leasing to rise. Though home prices are rising much faster than rents, historically low mortgage rates are still making home purchases affordable," he said. "The only headwinds are limited housing inventory, which varies greatly around the country, and credit conditions that remain too restrictive."

    Total housing inventory at the end of February rose 9.6 percent to 1.94 million existing homes available for sale, which represents a 4.7-month supply at the current sales pace, up from 4.3 months in January, which was the lowest supply since May 2005. Listed inventory is 19.2 percent below a year ago when there was a 6.4-month supply.

    The national median existing-home price for all housing types was $173,600 in February, up 11.6 percent from February 2012. The last time there were 12 consecutive months of year-over-year price increases was from June 2005 to May 2006. The February gain is the strongest since November 2005 when it was 12.9 percent above a year earlier.

    "A strong rise in home values is contributing to housing wealth recovery, which has risen by $1.4 trillion in the past year and looks to top that increase this year," Yun said. "The extra consumer spending arising from growth in housing wealth is expected to be $70 billion to $110 billion this year."
    According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage rose to 3.53 percent in February from 3.41 percent in January; it was 3.89 percent in February 2012. Even with rising home prices, affordability remains historically favorable because home prices over-corrected during the downturn. This means there is still great value for buyers in the current market. 

    And, The median time on market for all homes was 74 days in February, which is 24 percent below 97 days in February 2012. Short sales were on the market for a median of 101 days, while foreclosures typically sold in 52 days and non-distressed homes took 77 days. One out of three homes sold in February was on the market for less than a month. 

    First-time buyers accounted for 30 percent of purchases in February, unchanged from January; they were 32 percent in February 2012.

    Take a look at the Sold Statistics for Monmouth County. Impressive Numbers for February!


    For Local Monmouth County Information: http://debraswayzemonmouthcountyrealtor.com/category/uncategorized/
    Home Design Tips & Tricks: http://debraswayze.featuredblog.com/
    Up-to-Date Real Estate Market News: http://www.trulia.com/blog/debraswayze/

    Debra Swayze
    Cartus Certified Network Relocation Specialist

    Heritage House Sotheby's Realty
    1020 Hwy 35
    Middletown, NJ 07748
    M: (732) 513.0039| O: (732) 615.9898 Ext 2063| F: (888)800.9620

    DebraSwayze@gmail.com
    www.DebraSwayze.com

    Download your free mobil real estate search app
    http://87778.mobi/b/index.php?tcode=HHSIR

    Whether you are moving across the street or cross country, I can help. Ask me how!

  • Home Price Growth at 6-Year High, According to the S&P/Case-Shiller Home Price Indices

    Posted Under: Market Conditions, Home Buying, Home Selling  |  March 26, 2013 6:28 PM  |  233 views  |  No comments

    home_price_growthData through January 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller1Home Price Indices, a leading measure of U.S. home prices, showed average home prices increased 7.3% for the 10-City Composite and 8.1% for the 20-City Composite in the 12 months ending in January 2013.

    All 20 cities posted year-over-year gains with Phoenix leading the way with a gain of 23.2%. Nineteen of the 20 cities showed acceleration in their year-over-year returns. Despite posting a positive double-digit annual return, Detroit was the only city to show a deceleration. After 28 months of negative annual returns, New York came into positive territory in January.

    The two headline composites posted their highest year-over-year increases since summer 2006,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “This marks the highest increase since the housing bubble burst.

    “After more than two years of consecutive year-over-year declines, New York reversed trend and posted a positive return in January. The Southwest (Phoenix and Las Vegas) plus San Francisco posted the highest annual increases; they were also among the hardest hit by the housing bust. Atlanta and Dallas recorded their highest year-over-year gains.

    “Economic data continues to support the housing recovery. Single-family home building permits and housing starts posted double-digit year-over-year increases in February 2013. Despite a slight uptick in foreclosure filings, numbers are still down 25% year-over-year. Steady employment and low borrowing rates pushed inventories down to their lowest post-recession levels.”

    As of January 2013, average home prices across the United States are back to their autumn 2003 levels for both the 10-City and 20-City Composites. Measured from their June/July 2006 peaks, the decline for both Composites is approximately 29-30% through January 2013. The January 2013 levels for both Composites are approximately 8-9% from their dip in early 2012.

    In January 2013, nine cities — Atlanta, Charlotte, Las Vegas, Los Angeles, Miami, New York, Phoenix, San Francisco and Tampa — and both Composites posted positive monthly returns. Dallas was the only MSA where the level remained flat.

    In terms of annual rates of change, all 20 cities as well as both Composites posted positive change. Atlanta, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, Phoenix and San Francisco were the eight MSAs to report double-digit annual returns.

    Additional content on the housing market may also be found on S&P Dow Jones Indices’ housing blog: www.housingviews.com



    For Local Monmouth County Information: http://debraswayzemonmouthcountyrealtor.com/category/uncategorized/
    Home Design Tips & Tricks: http://debraswayze.featuredblog.com/
    Up-to-Date Real Estate Market News: http://www.trulia.com/blog/debraswayze/

    Debra Swayze
    Cartus Certified Network Relocation Specialist

    Heritage House Sotheby's Realty
    1020 Hwy 35
    Middletown, NJ 07748
    M: (732) 513.0039| O: (732) 615.9898 Ext 2063| F: (888)800.9620

    DebraSwayze@gmail.com
    www.DebraSwayze.com

    Download your free mobil real estate search app
    http://87778.mobi/b/index.php?tcode=HHSIR

    Whether you are moving across the street or cross country, I can help. Ask me how!

  • NJ Contract-Sales Activity Starts Off Strong in 2013

    Posted Under: Market Conditions in New Jersey, Home Buying in New Jersey, Home Selling in New Jersey  |  February 28, 2013 8:15 PM  |  235 views  |  No comments
    NJ Contract-Sales Activity Starts Off Strong in 2013

    Following two consecutive months of single digit gains, home purchase activity in New Jersey soared in January with a 23% y-o-y increase in signed purchase-contracts. The smaller gains in November and December were attributable to after-effects of Hurricane Sandy. What makes this rise especially impressive is that it occurred so early in the year, signaling an early start to the seasonal Spring surge in home purchase demand.




    Interested in the latest market information on Monmouth & Middlesex Counties? Want to tour some homes in Middletown, Colts Neck, Holmdel , or many of the other wonderful towns we have here in Monmouth County?  Give me a call (732.513.0039), text me at (732.513.0039), or email me at OneRealtor4U@msn.com.

    For Local Monmouth County Information: http://debraswayzemonmouthcountyrealtor.com/category/uncategorized/
    Home Design Tips & Tricks: http://debraswayze.featuredblog.com/
    Up-to-Date Real Estate Market News: http://www.trulia.com/blog/debraswayze/

    Debra Swayze
    Cartus Certified Network Relocation Specialist

    Heritage House Sotheby's Realty
    1020 Hwy 35
    Middletown, NJ 07748 
    M: (732) 513.0039| O: (732) 615.9898 Ext 2063| F: (888)800.9620

    DebraSwayze@gmail.com
    www.DebraSwayze.com 

    Download your free mobil real estate search app
    http://87778.mobi/b/index.php?tcode=HHSIR

    Whether you are moving across the street or cross country, I can help. Ask me how!


  • Best Day to List Your Home for Sale? Friday

    Posted Under: Market Conditions, Home Selling, Property Q&A  |  February 19, 2013 8:11 AM  |  353 views  |  No comments


    Friday isn't just the day to kick off the weekend -- it's also the best day to list your home for sale, The Wall Street Journal has reported. Last year, sellers who listed their homes for sale on a Friday bagged 99.1 percent of their original asking price, on average. That's the best return of any day of the week.

    Though Sunday might seem like the most popular day for open houses, the Wall Street Journal reported that it's actually the day that yields the worst performance when it comes to comparing the sale price to the asking price (98.4 percent).

    There's another reason that Friday is a great day for sellers: Homes listed on Fridays spent the least amount of time on the market last year -- an average of just 81 days, said the Journal. So what's the big deal about Friday? Well, think about it. If you have a Monday-to-Friday workweek (which the majority of us do), you're happy as all get-out to see Friday come. That positivity at the end of the workweek, heading into the weekend, tends to make people more proactive about finding homes, University of Rochester psychology professor Richard Ryan told the Journal.

    So let this be a lesson to you: The day that you debut your home listing is vitally important. "You get four times the traffic on the day of debut than any other time of the week, and you only get one chance."
    "Soon, you're yesterday's news."

    If you are interested in listing your home this Friday or the next Friday after that, give me a call 732.513.0039 and we will get your listing started!



    Download your free mobile real estate search app
    http://87778.mobi/b/index.php?tcode=HHSIR


    Interested in the latest market information on Jersey Shore Homes? Want to tour some homes in Long Branch, Spring Lake, or many of the other wonderful shore towns we have here in Monmouth County? Give me a call (732.513.0039), text me at (732.513.0039), or email me at OneRealtor4U@msn.com.

    For Local Monmouth County Information: http://debraswayzemonmouthcountyrealtor.com/category/uncategorized/ 
    Home Design Tips & Tricks: http://debraswayze.featuredblog.com/
    Up-to-Date Real Estate Market News: http://www.trulia.com/blog/debraswayze/

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