paul antonelli: What Are They Thinking ? Zillow - 07/02/19 05:49 AM
        The latest update to Zillow’s Zestimate algorithm now uses photos to adjust valuation of your home based on condition and features. That’s right, Photos, not nearby past sales but photos. So, what does this mean for Zillow fans? If your a fan, make sure your shutters, porch and rooms are painted.
     This has to be the craziest thing I have heard yet on coming up with a real value for a house.
      Stan Humphries, Zillow’s chief analytics officer & chief economist, said in a post; “We’ve taught the Zestimate to discern quality … (3 comments)

paul antonelli: Retail home prices are falling in Orange & Osceola counties - 06/07/19 06:45 AM
New data shows for the first time since 2012 retail home prices are falling in metro Orange & Osceola counties in Florida.
 In a statement from Zillow; after seven years of month-over-month increases, the median price of a Central Florida home dropped recently according to our real estate data tracking. It shows the end of an incredible 86-month streak where the value of the median home shot up 94% to $239,200.
 It’s doubtful that home prices will drop to levels that we had in 06 to 09 but this market is so crazy that one doesn’t know.
 The average sale price of an existing … (1 comments)

paul antonelli: For the first time in 1.5 years - Mortgage rates are below 4% – - 06/01/19 08:40 AM
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year, fixed-rate mortgage fell to 3.99%. It's hovering around 3.5 on a 15 year note which is also great news. 
Great news that will hopefully get buyers off the fence and put in a contract. 
 
(1 comments)

paul antonelli: Did you pray for something or someone today - 04/21/19 08:47 AM
Happy Easter everyone.
Here is one prayer Im sure most of us have heard from being in this business. 

Prayer To Help Sell Your House Faster
     Saint Joseph is the patron saint of the “worker” and “protector”. Catholics worldwide pray to St Joseph when they are in financial need or they need assistance with a pressing need such as selling their homes.
      Most historians believe that around 1500 AD, a small group of nuns that had a pressing need to obtain land, turned to burying metals engraved with the St Joseph on them.  This ritual involved the burying, and then praying … (3 comments)

paul antonelli: One Alexa at home is great – two not so much - 04/15/19 05:27 AM
NEW YORK – April 12, 2019 – The Amazon Echo, Dot and other Alexa-enabled devices don't often play well together in the same house – particularly if they're within earshot of each other. That wasn't a problem because most of us had only one smart speaker – if we had any at all.
But that's changing fast. Amazon says the number of households with more than one smart assistant-enabled device doubled last year. That lends credence to an independent survey taken late last year declaring that nearly 1 in 4 US households had a voice-enabled device inside – and about 40 percent … (3 comments)

paul antonelli: How does dark color affect a room - 03/20/19 03:58 AM
Painting a room can be one of the most budget-friendly ways to makeover a space or prepare a home for sale, but some commonly held myths may prevent some homeowners from finding the truly perfect hue that enhances their space.
Realtor.com spoke with painting experts to address some of these common myths about painting a home. Some of those include:
Dark paint colors make a room look small

It’s just the opposite in many cases, says Ashley Blackmore, a real estate professional with Berkshire Hathaway HomeServices Western Colorado Properties. “If you use a dark color for an accent wall, it can … (3 comments)

paul antonelli: Zillow Phase 2 Central Florida - 01/21/19 08:04 AM
In 2019, home sellers in Miami, Minneapolis-St. Paul, Nashville, Orlando and Portland will be able to use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Zillow will be launching Zillow Offers in each of these five markets throughout the year, and expects all five to be active by the fall.
Zillow Offers is a service for consumers to remove the hassle and uncertainty of selling a house. With Zillow Offers, Zillow directly buys a seller’s house, prepares it for showings and then quickly lists it for sale—so they don’t have to, and all on the consumer’s timeline. Agents from local brokerages will represent Zillow … (3 comments)

paul antonelli: 5G & Ai will be an Economic Game Changer in 2019 - 01/21/19 06:32 AM
CES® Is the Global Stage for Innovation and is the world's gathering place for all those who thrive on the business of consumer technologies. It has served as the proving ground for innovators and breakthrough technologies for 50 years — the global stage where next-generation innovations are introduced to the marketplace.
Owned and produced by the Consumer Technology Association (CTA), it attracts the world's business leaders and pioneering thinkers.
Amazon Alexa will have a good amount of integrations this year like working with many home security systems. Many camera angles and set ups, thermostat connections, door bell, lights etc etc. Since Amazon purchased Ring, it's no … (0 comments)

paul antonelli: CES 2019 lets us know, The Future Is Here - 01/14/19 10:09 AM
     There were many great items that unveiled at CES this year. The CES or as many know it as the Consumer Electronics Show opened in Vegas last week with a bounty of futuristic goodies for everyone.
Amazon Alexa will have a good amount of integrations this year like working with many home security systems. Many camera angles and set ups, thermostat connections, door bell, lights etc etc. Since Amazon purchased Ring, it's no surprise that the company added Alexa voice controls to all its newly launched sensors for its Z-wave security system. There's the Smoke & CO Listener ($35), Flood … (0 comments)

paul antonelli: How does the Gov. Shutdown affect your buyers - 01/08/19 05:20 AM
As the partial government shutdown stretches through another week, Florida home buyers using government-backed loans may have a hard time closing on their houses as federal agencies operate in a limited capacity.
U.S. Department of Agriculture (USDA) and Federal Housing Administration loans (FHA) are popular lending sources that are difficult to obtain right now.
A study by WalletHub ranks Florida as the 14th state affected most by the shutdown. The study is based on five factors, including the share of federal jobs, federal contract dollars per capita, percent of families receiving SNAP, or food stamps, access to national parks and real estate as … (0 comments)

paul antonelli: How the Real Estate Biz is Affected by the Shutdown - 12/23/18 08:24 AM
Real estate-related government programs affected by the shutdown
 
Flood insurance
 
A National Flood Insurance Program (NFIP) lapse makes it difficult to close on homes in flood zones if a buyer requires a mortgage because many lenders require NFIP coverage.
Buyers may sometimes “assume” the current policy owned by the seller under certain conditions. For this to work, the seller must have coverage and be willing to transfer it. Check GR 15 in a PDF doc posted online at FEMA’s website for more information. Secondary lenders that purchase mortgages, such as Fannie Mae and Freddie Mac, often issue guidelines on how to handle a flood insurance … (2 comments)

paul antonelli: More homes sell for less than asking price - 12/14/18 04:10 AM
MIAMI – Dec. 13, 2018 – According to the National Knock Deals Forecast, uses data for both predictive and historical analyses from ATTOM Data Solutions, the percent of home sellers who eventually sold for less-than-asking price in 2018 was about 2 in 3 (62 percent).
Of those homes that sold for less than asking price, six out of 10 are in the South, with Miami at No. 1, followed by New Orleans and Chicago.
As home values rise more slowly, Knock predicts that the trend of lower sale prices will continue into 2019, when 77 percent of on-the-market listings will sell for less than asking … (2 comments)

paul antonelli: Baby boomers aren’t moving - 12/12/18 07:00 AM
NEW YORK – Dec. 11, 2018 – Baby boomers, the massive generation born between 1946 and 1964, inhabit 46 million owner-occupied homes worth an estimated $13.5 trillion.
In 2006, when the oldest boomers were only 60, the 65-to-74 age group contained 9.3 million homeowners. By 2016, when the oldest boomers had reached 70, the number of homeowners ages 65 to 74 had swollen to 13.6 million. By 2026, when the youngest boomers will be 62 and the oldest 80, the number of owner-occupants ages 65 to 74 is projected to jump again to about $16.4 million.
America is aging. As people age, they … (3 comments)

paul antonelli: New-Home Sales Nosedive in October - 12/04/18 05:06 AM
At an estimated 544,000, new-home sales nosedived in October, down 8.9 percent from September and 12 percent from the prior year, according to the Commerce Department. There were 336,000 for-sale homes in October, representing 7.4-months’ supply, with a median price of $309,700.
“The steep decline in October new-home sales was an unpleasant surprise for a market that was expecting at least a modest rebound from an ugly September,” said Aaron Terrazas, senior economist at Zillow, in a statement. “As it turns out, September wasn’t as ugly as initially reported with the benefit of backward revisions, and October was much weaker.
“As we close in … (0 comments)

paul antonelli: Getting tougher to buy a brand-new home - 11/27/18 05:30 AM
NEW YORK – Nov. 26, 2018 – Housing affordability concerns are sparking a slowdown in new-home construction. Single-family housing starts fell 1.8 percent in October compared to the previous month, the U.S. Commerce Department reported Tuesday.
"This month's decrease in single-family starts isn't a surprise given the drop in our builder confidence index," says Randy Noel, chairman of the National Association of Home Builders. "Builders are showing caution as mounting housing affordability concerns are forcing some consumers to delay making a home purchase."
Rising mortgage rates and home prices continue to outstrip disposable income, UBS analysts wrote in a recent note. "Housing affordability … (4 comments)

paul antonelli: 2019 - 2020; Batten down the hatches - 11/20/18 06:06 AM
 The economy is firing on all cylinders now, but executives and economists expect a slowdown in 2019 and 2020.
The big question: When will the next recession hit? Many economists see a cooling but no contraction on the horizon, while a few predict a recession in 2020.
After a decade of slow-but-steady expansion, U.S. economic growth finally topped 3 percent in 2018, and national unemployment has fallen to its lowest level in decades. In Palm Beach County, the unemployment rate plunged to 3.1 percent in September, an all-time low.
Michael Neal, chief executive of Kast Construction of West Palm Beach, said his company's revenue … (3 comments)

paul antonelli: Here We Come - 5% Mortgage rates - 10/12/18 03:54 AM
WASHINGTON (AP) – Oct. 11, 2018 – Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets.
Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages jumped to an average 4.90 percent this week from 4.71 percent last week. That's the highest level for the benchmark rate since April 2011. A year ago, it stood at 3.91 percent.
The average rate on 15-year, fixed-rate loans rose to 4.29 percent this week from 4.15 percent last week.
The Federal Reserve … (4 comments)

paul antonelli: The End of an Era . What to do now? - 09/28/18 06:54 AM
     Yes, the word is out, ownership of my brokerage has changed hands and NextHome Antonelli Realty is no more. The Kissimmee office is still there but now Jon Brumer is the Broker / Owner of NextHome Premier Neighborhood Realty. The entire Team is still on board because no one has a better support plan to make $$$ and Jon has the best compensation plan around.
This decision did not come easy, as some of you know or don’t know, I have an issue with my neck where the pain, at times, is unbearable. Even for a big bear like me, … (2 comments)

paul antonelli: Mortgage rates up . . . . Again - 09/28/18 04:47 AM
WASHINGTON (AP) – Sept. 27, 2018 – Long-term U.S. mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years.
Costs for would-be homebuyers continue to climb. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages jumped to 4.72 percent from 4.65 percent last week. The average benchmark rate has risen from 3.83 percent a year ago.
The average rate on 15-year, fixed-rate loans increased to 4.16 percent this week from 4.11 percent last week.
The Federal Reserve signaled its confidence in the economy on Wednesday by … (1 comments)

paul antonelli: Home prices raise slowly this year - 09/26/18 05:38 AM
WASHINGTON (AP) – Sept. 25, 2018 – U.S. home prices rose in July at the slowest pace in 10 months as climbing mortgage rates become a more significant factor for a growing number of prospective buyers.
The S&P CoreLogic Case-Shiller 20-city home price index increased 5.9 percent in July compared with a year earlier, down from a 6.4 percent annual gain the previous month.
Home prices are rising at twice the rate of wages, which has likely contributed to a cooling in the market this year. Sales of existing homes have dropped 1.5 percent in the past 12 months. Mortgage rates last week … (0 comments)

 
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Paul Antonelli

Broker Owner; Antonelli Realty

Saint Cloud, FL

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Antonelli Realty

Address: SAINT CLOUD, FL

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