With the release of this report below, this is the best evidence that now is the best time to be thinking about trading in your existing home for a brand new home for even trade in some cases.  Please let me explain.

So, in the Saint Cloud are of Narcoossee Road, yesterday, there was a closing with a Keller Williams Agent that resulted in the highest sale price in Lake Pointe for a non-water front home since 2010.  This was a 2007 Year built 4 Bed, 3 Bath, 3 Car 2534 sq feet home that sold for $327,000.  This home was 11 years old.  This means it would most likely be coming up on major repairs like roof, A/C, appliances, water heater, just to name a few.  Instead of putting more money into this already 11 year old house, you could have today a BRAND NEW 5 Bed 3 Bath, 2830 sq feet home within 1 mile for only $355,000 or $125 per sq ft.  That is actually LOWER PRICE per sq feet than this 11 year old house sold for yesterday.

Now here are some details you need to know:

We use Lake Pointe as a great example as many of us that sell in this neighborhood either live here or have lived hear until we too realized it is NOW TIME TO SELL.  We could very well be talking about Blackstone, East Lake Cove, Fells Landing, Fells Cove, Turtle Creek, as all of these neighborhoods were all in this same time era.

While I mentioned earlier that our Keller Williams Family just set the RECORD HIGH PRICE for a house OFF WATER yesterday in this very neighborhood, it was just over a year ago, that this very reporter and Keller Williams Professional also set the RECORD SALE PRICE for the highest priced home per sq feet sold ON THE Waterfront.

And you may think it's just luck, but I beg to differ when you dive into the numbers along the Narcoossee Corridor or Lake Nona area serviced by 1 office, Keller Williams Advantage III Realty in Lake Nona, and this office of amazing agents hold many records in most listings taken, most listings closed, highest number of RECORD HIGH SALES in nearly every neighborhood we serve, and you soon have to realize there is a HUGE difference in the TRAINING and EDUCATION of this office and it's agents.

One of their very agents just attended a national training program that trains their agents to be the best and the brightest Listing and Marketing Specialists and it is a 7 week course and during these 7 weeks, the agents are in a competition for the most listings taken, most buyers served, and most properties sold.

It was a Keller Williams Advantage III Agent, Kevin B Tolbert PA of The Florida Tolbert Team that just set a new National Record for all three catagories out of over 110,000 agents that have now completed BOLD training.  This is a huge testamonial to the quality of trained agents you find at this office.

There is no better time for a SELLER or even someone who hasn't even thought about SELLING your HOME, to call Kevin B Tolbert PA of The Florida Tolbert Team and find out what your home is worth and exactly what alternatives may be available to you as a NEW CONSTRUCTION BUYER before interest rates continue to rise this year and price you out of the market.

We make it very easy for you to find out your home value just by clicking WHAT IS MY HOME WORTH?.

Just to some of the great examples of NEW CONSTRUCTION available, CLICK HERE to SEARCH NEW CONSTRUCTION IN NARCOOSSEE AREA.

And remember, our team of Real Estate Professionals will qualify you, help you obtain the best mortgage for you to allow you to purchase the most home, find you the perfect home, be with you from contract to closing and every step between, and most importantly, in order to use our services to purchase a new home, have a bulldog negotiator on your side against the builders, and someone that will provide for you a FREE PROFESSIONAL HOME INSPECTION to make sure the home you dream about is the top quality you receive at closing, our services are FREE TO YOU our buyers.  Call us today to set up your consultation with Kevin B Tolbert PA of The Florida Tolbert Team.

This one call will give you peace of mind, comfort in the buying process, a Nationally recognized Listing Specialist if you have a house to sell, a FREE HOME INSPECTION of your home prior to closing, and someone to be there with you every step of the way.  The 1 number you need to remember:  772-834-0099 for all of your Real Estate Needs or if you have a friend or family member you want to help to receive the most money for their home, please call us with their information and we will reach out and let them know you thought enough of them to find them the very best Real Estate Professional Team to help them. 

GREENSBORO, N.C. – Jul 19, 2018 – The number of existing homes for sale hasn't been this low since analysts started tracking the data in the early 1980s, making it a difficult market for buyers, according to the new Summer 2018 edition of The Housing and Mortgage Market Review (HaMMR), released by Arch Mortgage Insurance Company.

Below-normal levels of construction coupled with a strong job market suggest that home prices have a 95 percent chance of rising over the next two years, though in Florida the report says it's 92 percent. The increases are likely to occur more rapidly in the entry-level housing segment.

"Fewer people are selling starter homes to trade up to bigger houses, and that's a trend that will continue now that the majority of homeowners have lower mortgage rates than they could get on a new loan," says Dr. Ralph G. DeFranco, Global Chief Economist for Arch Capital Services, Inc.

"Millions of entry-level homes were converted from owner-occupied to investor-owned rentals during the foreclosure crisis and higher development costs – ranging from utility hook-up fees to building permits – are leading builders to focus on constructing larger, more expensive houses. With fewer new starter homes, the most likely scenario is continued – rapid price growth of existing homes, particularly at the lower end of the market."

High demand and rising home prices are good news for current homeowners. The Arch MI Risk Index – a statistical model based on nine indicators of the health of local housing markets – estimates that the average probability across the country of home prices in 2020 being lower than they are today remains at 5 percent (8 percent in Florida), which is unchanged from the prior quarter.

The states with the highest risk of having lower home prices in two years are Alaska (27 percent) and West Virginia (22 percent).

Among larger metros, the cities with the highest risk of lower prices over the next two years include Houston, Texas (22 percent) and San Antonio, Texas (16 percent), mainly because their home prices are far higher than expected compared to the historical relationship between prices and incomes.

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