Home > Blogs > Jocylyne Corlew's Blog
4,425 views

Jocylyne Corlew's Blog

By Jocylyne Corlew | Agent in Jacksonville, FL
  • Get the lowest mortgage rate possible with these tips!

    Posted Under: Home Buying in Jacksonville, Home Ownership in Jacksonville  |  August 16, 2013 5:22 PM  |  370 views  |  No comments



    Are you ready to buy a home? Undoubtedly, getting a low interest rate is at the top of your priorities. Read this article on how to get the lowest rate possible. This is great advice for the first time homebuyer! 







    Read the full article at http://realestate.aol.com/blog/2010/06/24/how-to-get-a-low-mortgage-rate/
  • President Obama talk about the Housing Market

    Posted Under: Market Conditions in Jacksonville  |  August 8, 2013 12:18 PM  |  322 views  |  1 comment
    In case you missed it, here is the full video of President Obama talking about the current housing market and it's future with Zillow's CEO. 

    http://www.youtube.com/watch?v=L-XbETvNBv0
  • Optimism in the Real Estate Market Remains High

    Posted Under: Market Conditions in Jacksonville, Home Buying in Jacksonville, Home Selling in Jacksonville  |  August 7, 2013 6:55 AM  |  437 views  |  1 comment

    Current homeowners are optimistic about selling their home and are looking to move up their timeline to purchase a new home, according to the most recent survey by PulteGroup, Inc. 

    In the latest Home Index Survey, 43 percent of move-up buyers indicated they are planning to purchase a new home within the next five years.  Additionally, showing further confidence in the housing market recovery, 76 percent believe they can sell their current home within the next two years for a price that would allow them to move to a new home.  The survey polled adults who have owned a home for at least two years, have children under the age of 18, and have an income of more than $50,000.

    "One of the most intriguing findings from this survey is the optimism and the willingness of homeowners to 'pull the trigger' on buying a new home, even if they may not have an immediate need to move," said Deborah Wahl, senior vice president and chief marketing officer for PulteGroup, Inc.  "The move-up buyer represents a significant opportunity for Pulte Homes.  It's critical we continue to understand this buyer and the economic and life-stage factors that spur them to purchase a new home."


    While a change in life stage, such as the birth of a new baby or the need to downsize, remains a common trigger for purchasing a new home, the PGHI survey showed that financial and economic indicators are more likely to spur buyers to move up the timeline to purchase a new home.

    Other factors that would make homeowners move up their timeline include:

    • Selling a home at a higher price point (38 percent)
    • Relocating for a job (24 percent)
    • Job promotion or new job (17 percent)
    • New baby and/or family members moving in (11 percent)

    Millennials Responding to Favorable Housing Market Faster than Other Age Groups


    According to Wahl, the actions of the millennial buyer could further propel housing demand.  Of the three largest consumer segments -- millennials (ages 18-34), Gen X (ages 35-54) and baby boomers (55+) -- millennials are the generation taking action and responding to the housing and financial markets faster than other age groups.


    According to this survey, of the millennials who already own a home, 38 percent are planning to purchase a new home within the next two years.  This increases to 58 percent within the next five years.


    Due to the sheer size and influence of this segment of buyers, PulteGroup is keeping a pulse on millennials' sentiment toward homeownership.  Research conducted earlier this year revealed that millennial renters are ready to purchase their first home.  More than half (54 percent) of millennial renters surveyed said their intention to buy a home has somewhat or significantly increased in the past year.

  • Jacksonville has highest home sale growth!

    Posted Under: In My Neighborhood in Jacksonville, Rentals in Jacksonville, Home Ownership in Jacksonville  |  August 2, 2013 9:59 AM  |  439 views  |  No comments

     BizJournals.com reported that Jacksonville had the highest home sale growth in the nation in June 2013!  A 43%  year-over-year increase in sales in the Jacksonville has put Northeast Florida at the top of the list. What do these numbers mean for sellers and buyers? The market is HOT and now is the time to make your move! Call The Corlew Team at (904) 504-3151.

    See the full article:

    http://www.bizjournals.com/jacksonville/news/2013/07/29/jacksonvilles-june-home-sales-growth.html

     

  • 2013 Mid-Year Report: Steady Market Recovery

    Posted Under: Market Conditions in Jacksonville  |  June 17, 2013 6:31 AM  |  347 views  |  No comments

    Economic Growth on the Road to Normal

     The U.S. may be well into a prolonged period of steady economic growth, but it hasn't yet reached its full potential, according to Fannie Mae's Economic & Strategic Research Group. Fiscal headwinds are expected to keep growth to below 2.0 percent for the first half of the year, with gradual strengthening in the second half of 2013 and into 2014. However, as fiscal drags wane, growth should continue to move in the positive direction amid an ongoing recovery in housing, rising household wealth, and expanded energy production.


    "At the outset of the year, we forecasted that 2013 would witness sustainable but below-par growth as the economy begins its transition to more normal levels. Halfway through the year, our view is little changed," said Fannie Mae Chief Economist Doug Duncan. "We expect approximately 2.1 percent growth over the course of 2013, up from the anemic pace of 1.7 percent in 2012. This is consistent with the incremental improvement seen over the past few years but still below the economy's potential. Our forecast calls for growth to push past 2.5 percent in 2014, boosted largely by tailwinds from the strengthening housing market."


    Housing was largely positive entering the spring/summer season, with various indicators such as home prices, home sales, and homebuilding activity showing signs of long-term improvement toward normal levels. Despite rising mortgage rates during the past month, which have affected refinance originations, affordability conditions remain high and should not present a significant obstacle to potential homebuyers.

  • Ready to Buy? We have tips for your online home search!

    Posted Under: Home Buying in Jacksonville  |  June 13, 2013 10:12 AM  |  339 views  |  No comments
    If you are thinking of buying a home, chances are that you have already begun searching online. A survey from Realtor.com shows that more than 90% of home buyers begin their home search online. The Corlew Team Blog gives you tips for making the most of your online search. Read this in our short, yet informative blog at http://www.thecorlewteam.blogspot.com/.
  • Americans' Optimism About Buying and Selling a Home Hits Record Levels

    Posted Under: Market Conditions in Jacksonville, Home Buying in Jacksonville, Home Selling in Jacksonville  |  June 11, 2013 10:12 AM  |  489 views  |  No comments

    Americans' confidence in their ability to buy and sell a home climbed sharply in May, likely due to reports of strong home price gains, according to results from Fannie Mae's May 2013 National Housing Survey. The share of respondents who say now is a good time to sell a home reached a record high of 40 percent, compared to 30 percent in April and 16 percent one year ago. At the same time, the share of those who say it is a good time to buy a home moved up 5 percentage points from April to a survey high of 76 percent. Americans' average 12-month home price change expectation also reached a survey high in May, climbing to 3.9 percent from 2.7 percent in April.

    "Sentiment toward selling a home appears to be catching up with the strengthening housing market," said Doug Duncan, senior vice president and chief economist at Fannie Mae. "The share of consumers who think it's a good time to sell a home spiked this month, the largest increase in the survey's three-year history. This jump may foreshadow a gradual return to more normal levels of housing supply from their lows of recent months. In turn, increased housing supply could serve to temper increasing consumer home price expectations. We will closely watch the potential impact of rising mortgage rates on consumer housing sentiment in the coming months."

    Currently, 46 percent of Americans think it would be easy for them to get a mortgage today, retreating slightly from April's survey high, while 50 percent believe it would be difficult to get a mortgage. Consumers have been asked since the survey's inception in June 2010 for their perceived ease or difficulty in getting a mortgage, and the question was added in May 2013 as an indicator to the monthly data findings report to help determine whether rising mortgage rates affect their views.

    SURVEY HIGHLIGHTS

    Homeownership and Renting

    • The average 12-month home price change expectation jumped to 3.9 percent, the highest level since the survey's inception.
    • The share of people who say home prices will go up in the next 12 months hit a survey high of 55 percent, while those who say home prices will go down dropped to 7 percent, the lowest level since the survey's inception.
    • The share of respondents who say mortgage rates will go up increased 3 percentage points to 46 percent, while those who say rates will go down hit a survey low of 5 percent.
    • At 76 percent and 40 percent, respectively, the shares who say it is a good time to buy a house and who say it is a good time to sell a house both reached survey highs.
    • The average 12-month rental price change expectation dropped to 3.4 percent, the lowest level since September 2012.
    • Holding steady from last month, 48 percent of those surveyed say home rental prices will go up in the next 12 months.
    • Retreating slightly from last month's survey high, 46 percent of respondents think it would be easy for them to get a home mortgage today.
    • The share of respondents who said they would buy if they were going to move increased slightly to 66 percent.

    The Economy and Household Finances

    • At 40 percent, the share of respondents who say the economy is on the right track increased slightly from April to 40 percent.
    • The percentage of people who expect their personal financial situation to get better over the next 12 months held steady at 41 percent.
    • The share of respondents who say their household income is significantly lower than it was 12 months ago fell 3 percentage points to a survey low 13 percent.
    • The percentage of respondents who say their household expenses are significantly higher than they were 12 months ago rose slightly to 32 percent.
« Read older posts
 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer