| |
|
|
February 2012 Market Update
2012 is off to a promising start. Mortgage rates continue to drop and have remained under 4% for nearly two months. Home sales are strengthening and pending home sales, a measure to gauge future sales, are at their highest levels since March 2010.
Job growth has been increasing for most of 2011, with unemployment dropping to 8.4%. As more people are getting jobs, consumer confidence has also been increasing. However, underemployment continues to be a problem for a stronger recovery. The underemployment rate is 18.1%, and there are still a significant number of people working part time, who would like to have full-time work.
Even with substantial national improvements, this continues to be a "one neighborhood at a time" recovery. Payroll jobs were up in 25 states, but down in 24, demonstrating the delicate state of the U.S. economy. Global factors such as the European debt crisis are also complicating a more robust recovery. Strong guidance is needed from local and global leaders to continue this growth, as well as allow for business to maintain momentum toward building and expanding upon the opportunities that exist.
Sources: Bureau of Labor Statistics, National Association of Realtors
|
Interest Rates
|
Another slight drop for mortgage rates as they continue to set historically low records. With homes being so affordable and the economy continuing its recovery, home prices are stabilizing, as increased sales are expected. NAR President Moe Veissi stated, "The American dream of home ownership is alive and well. We have a large pent-up demand, and household formation is likely to return to normal as the job market steadily improves. More buyers coming into the market mean additional benefits for the overall economy. When people buy homes, they stimulate a lot of related goods and services."
|
|
|
Home Sales
|
|
|
Existing home sales continued their rise, up 5% in December, to a seasonally adjusted rate of 4.61 million. Lawrence Yun, chief economist for NAR, said, "The pattern of home sales in recent months demonstrates a market in recovery. Record-low mortgage interest rates, job growth, and bargain home prices are giving more consumers the confidence they need to enter the market."
|
|
|
Home Price
|
<!-- Graph -->
|
Homes prices for December were down 2.6% from a year ago, at a median price of $164,500. One factor contributing to lower prices has been the high level of distressed properties being sold. In December, these properties began to show signs of price stabilization and increase. Foreclosures were selling at 22%, a 2% increase from a year ago, and average prices for short sales prices had risen by 3%.
|
|
|
Inventory
|
|
|
The housing inventory dropped 9.2% in December to a 6.2-month supply, or 2.38 million homes, at the current level of sales. These are the lowest inventory levels of homes for sale since March of 2005. Lawrence Yun, chief economist for NAR, said, "The inventory supply suggests many markets will see prices stabilize or grow moderately in the near future."
|
|
|
7 Tips for Buyers
|
|
Interest rates at favorable levels and a good selection of homes provide an opportunity for buyers. Here are a few things to for buyers to keep in mind:
1. Know what you can afford before you fall in love with your dream home.
2. Consider additional expenses that come with owning a home like property tax, insurance, and repairs.
3. Be flexible on the little things. It would be wonderful to find a home with everything you want, but those are hard to come by – distinguish nice-to-haves and must-haves early.
4. Have imagination and look beyond paint colors, wallpaper, or other easy and affordable things you can change.
5. Don't compromise on the big things, such as enough bedrooms to accommodate additions to the family or space for an office if you work from home.
6. Always inspect even if the surface looks great; it's important to know if anything major is wrong and what it will cost to fix.
7. Think about the future in regard to the neighborhoods, surroundings, schools, and developments.
|
|
 
www.Bradenton-Florida-RealEstate.com
EMAIL US!
 
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
   
|
www.Bradenton-Florida-RealEstate.com
EMAIL US!
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
www.Bradenton-Florida-RealEstate.com
EMAIL US!
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
www.Bradenton-Florida-RealEstate.com
EMAIL US!
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
 
(click the image above to find out more about the SFR REALTOR Certification/ Designation!)
Our team leader, Bob Serena, has completed the necessary education & training necessary to obtain his SFR REALTOR® Designation.
Not familiar with that acronym? What does that mean to you?
It simply means that Bob has taken the time, energy, & expense to further educate himself on how to provide home buyers (as well as home sellers) with the very best real estate service with respect to Foreclosures & Short Sales in the Bradenton, Sarasota, Manatee County, and Sarasota County, Florida areas.
REALTORS® who have earned the SFR (Short Sale, Foreclosure Resource) certification know how to help home buyers pursue short sale & foreclosure opportunities, and can assist home owners with issues relating to short sales and how to avoid foreclosure.
SFR Agents/REALTORS® know the most up to date and effective strategies and methods of negotiating with lenders, protecting buyers and sellers, & reducing the risks for their clients involved in short sale and foreclosure transactions.
CONTACT THE SERENA GROUP'S TEAM LEADER, BOB SERENA, BY PHONE, TEXT, OR EMAIL TODAY TO LEARN MORE OR TO PUT US TO WORK FOR YOU TODAY!
www.Bradenton-Florida-RealEstate.com
EMAIL US!
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
Welcome to the Latest Issue of The Serena Group Newsletter!
As a real estate professionals, we strive to keep in touch with our clients providing them with information that we hope they will find useful.
This newsletter is an opportunity to let you know about the state of the market & current trends. It may even touch on ways that you could enhance your home's value.
We hope the market data & articles will help you with understanding real estate today & help you with your real estate decisions. If you have any questions, please do not hesitate to contact us!
Home Improvements and Which Ones to Do
Whether you plan to sell in the near future, or just want to improve the value of your home, here is one low cost improvement you should consider.
Paint the interior. If you haven't painted in 10 years or more, your ceiling is probably looking dull and the colors on your walls are out of style.
New home owners have a tendency to use the same color throughout most of their house. That color is usually white, or another neutral color. You can increase the value of your home by choosing more contemporary colors, oftentimes selecting more vibrant colors for at least a few rooms in your home. Freshly painted ceilings will brighten your home.
Monthly Trivia articles
January
Many people choose the New Year as a reason to make positive changes to their lives. If you are making resolutions this month, make sure they are reasonable. Set yourself up for success, not failure.
Pope Gregory XIII established January as the first month of the year but January is named after Janus, the Roman god of doors, beginnings, sunrise and sunset. Janus had one face looking backwards and one looking forwards, an apt image for reflecting on the past year and yet still facing the upcoming year.
The birth flower for January is the Carnation or the Snowdrop. The modern birthstone is Garnet (strength, health, prosperity, and perseverance) and the traditional birthstone is Rose quartz (forgiveness and emotional balance).
Our team leader, Bob Serena, has completed the necessary education & training necessary to obtain his SFR REALTOR® Designation.
Not familiar with that acronym? What does that mean to you?
It simply means that Bob has taken the time, energy, & expense to further educate himself on how to provide home buyers (as well as home sellers) with the very best real estate service with respect to Foreclosures & Short Sales.
REALTORS® who have earned the SFR (Short Sale, Foreclosure Resource) certification know how to help home buyers pursue short sale & foreclosure opportunities, and can assist home owners with issues relating to short sales and how to avoid foreclosure.
SFR Agents/REALTORS® know the best ways & strategies to negotiate with lenders, protect buyers, & limit risk for their clients involved in short sale and foreclosure transactions.
CONTACT US BY PHONE, TEXT, OR EMAIL TODAY TO LEARN MORE!
www.Bradenton-Florida-RealEstate.com
EMAIL US!
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
www.Bradenton-Florida-RealEstate.com
EMAIL US!
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
BEAUTY & TRANQUILITY IN FABULOUS COMMUNITY WITH WATER VIEW!
Overview
Maps
Photos
Description
Real Estate, Relocation
Neighborhood
|
| $312,500 |
| Condominium |
|
Main Features
|
3 Bedrooms
2 Bathrooms
Interior: 2,332 sqft
|
|
Location
|
|
1115 RIVERSCAPE ST # 5D
Bradenton, FL 34208
USA
To get updates on open home dates and other property events, please click the "Like" button below:
|
|
|
The Serena Group
|
www.Bradenton-Florida-RealEstate.com
EMAIL US!
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
www.Bradenton-Florida-RealEstate.com
EMAIL US!
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
www.Bradenton-Florida-RealEstate.com
EMAIL US!
YOUR- BRADENTON, SARASOTA, MANATEE
COUNTY, EAST MANATEE COUNTY, AND SARASOTA COUNTY ~
-
FORECLOSURE HOMES & SHORT SALE PROFESSIONALS
- NEW CONSTRUCTION, NEW HOME- EXPERTS
- GOLF COURSE- HOMES, PROPERTY, SPECIALISTS
- HERITAGE HARBOUR HOMES, REAL ESTATE, EXPERTS
- RESIDENTIAL REAL ESTATE CONSULTANTS, MARKETING PROFESSIONALS
|
|
East Manatee County- Golf Course, New Construction, Heritage Harbour, - Homes
Bradenton,
FL
More about me…
Bradenton-Homes, Experts - Keller Williams Realty
Address: 4520 State Road 64 East, Keller Williams Realty of Manatee, Bradenton, FL, 34208
Cell Phone: (941) 928-1248
Email Me
 Listings
$111,900
4 br, 2 ba, 1,633 sqft
Price Just Reduced!! DON'T MISS THIS FORECLOSURE OPPORTUNITY!!!!
Rarely av...
$425,000
3 br, 2½ ba, 2,458 sqft
Sit back and relax to the peaceful sounds of nature on this gorgeous tranquil...
$269,000
3 br, 2 ba, 2,146 sqft
The Answer To All Your Dreams... Within Your Means!
HUGE PRICE REDUCTION ...
$58,900
2 br, 2 ba, 1,115 sqft
Shhh! Don't tell anybody befofe you see this bargain! A Great Opportunity!!...
$40,000
22 br, 22 ba, 22,520 sqft
Very nice secluded property in a natural setting full of Pine and oak trees.....
$96,900
2 br, 2½ ba, 1,156 sqft
Who wants a great deal? Attractive 2Bd/2.5Ba townhouse in sought after Carol...
Links
Archives
|
;)
;)
;)
