BAY TERRACE...

  This October 2015 there were 5  homes sold in Bay Terrace. The highest selling price was $515,000, while the lowest selling price was $235,000.   Here is a list of all the addresses sold in Bay Terrace this October:
1. 149 Twombly Avenue 2.11 Ainsworth Avenue 3.96 Cranford Street 4.60 Nancy Court 5.22a Francine Court

As of today, November  3rd, 2015, there are 08  active properties in Bay Terrace. The highest listing price of these properties is $799,999, while the lowest is $244,888.

Here is a list of all the addresses of the active listings in Bay Terrace:

  1. 160 Timber Ridge Drive
  2. 220 Timber Ridge Drive
  3. 272 Timber Ridge Drive
  4. 268 Timber Ridge Drrive
  5. 125 Woodcutters…

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This October 2015 there were 17 homes sold in Annadale.The hieghest selling price was $705,000,while the lowest selling price was $315,000.

Here is a list of all the address sold in Annadale this October:

1.163 Stafford Avenue
2.766 Woodrow Road
3.119 Kenilworth Avenue
4.64 Tenafly Place
5.24 N Railroad Street
6.11 Rae Avenue
7.282 Stafford Avenue
8.24 Monterey Avenue
9.76 Shotwell Avenue
10.25 Forrestal Avenue
11.84 Gary Street
12.34 Ibsen Avenue
13.28 Cheryl Avenue
14.94 Ladd Avenue
15.497 Arden Avenue
16.15 Challenger Drive
17.30 Regina Lane

As of today, November 3rd 2015, there are 43 active properties in Annadale.The Highest listing price of these properties is $1,200,000,while the lowest is $319,000.

Here is a list of all the address of the…

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Economic Impact of Every Home Sold [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Every time a home is sold, the surrounding economy feels a boost.
  • Different industries and businesses benefit at each stage of the process of moving into a home!
  • Hawaii leads the way with a $177,000 boost to the local economy.

If you're curious about your home's market value, use our free Comparative Market Analysis tool! You'll get an instant home evaluation and even a free in-person assessment provided by one of our agents at your leisure.

Thanks to our friends at KCM for the awesome market information!

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Pending Home Sales Remain Steady | Keeping Current Matters

The National Association of REALTORS’ just released the results of their latest Pending Home Sales Index, which showed a small 1.4% decline in signed contracts in August. Pending sales remain strong year-over-year as they were 6.1% higher than August ’14 and have now risen for 12 consecutive months. 

What is the Pending Home Sales Index (PHSI)?

NAR’s PHSI is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales.

In every major region of the country, pending sales are up year-over-year as shown by the graph below:

What does this mean for the market?

Lawrence Yun, Chief Economist for NAR explained:

…

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Is it Time to Downsize your Home? | Keeping Current Matters

A recent study by Edelman Berland revealed that of homeowners who are contemplating selling their house in the near future 33% plan to scale down. Let’s look at a few reasons why that would make sense to many Americans.

In a recent blog post, Dave Ramsey, the financial guru, discussed the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:

  1. A smaller home means less space, but it also means less time, stress and money spent on upkeep
  2. Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years.
  3. Use the…

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Over 23% Thinking of Selling. Why the Hesitation? | Keeping Current Matters

Last month, the National Association of Realtors (NAR) reported that housing inventory was down 4.7% from the same time last year and that the month’s inventory of homes for sale stood at 4.8 - far below the six months necessary for a normal housing market. Why is there such a shortage of inventory?

The recently released Homeowner Sentiment Survey suggests that the American homeowner may not be fully aware of the opportunities that exist in the current real estate market. The survey, conducted by Edelman Berland for HSF Affiliates, also reports that many homeowners would be placing their home up for sale if they were better informed about today’s market.

Since the housing industry is facing a shortage of housing inventory, the survey’s findings…

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Homeownership is Still a Huge Part of the

There have been some who have voiced doubt as to whether or not the younger generations still consider buying a home as being part of the “American Dream”. A study by Merrill Lynch puts that doubt to rest.

According to their research, every living generation still believes that owning a home is in fact important. Here are the numbers:

This should not surprise us as many studies have revealed the benefits enjoyed by the families who own their own home. One such study was done by the Joint Center of Housing Studies at Harvard University that addressed a major financial benefit to owning your own home: forced savings. The report explains:

“Since many people have trouble saving and have to make a housing payment one way or the other,…

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Do You Really Think Your Landlord Pays for Repairs? | Keeping Current Matters

A recent article that appeared on Nasdaq.com addressed the issue of whether it is best to buy or rent in today’s real estate environment. The article was very fair in discussing both options.

However, there was one portion of the article that we questioned. One of the experts was quoted as saying:

“For some people, the choice is very clear: Buying a home can be more costly, given the cost of the purchase itself, plus taxes and insurance, plus maintenance and repairs.”

This argument is often made in defense of renting. However, we don’t believe it makes logical sense. They claim that, as a renter, you won’t have the expenses of “taxes and insurance, plus maintenance and repairs”. Do they really believe that the landlord pays all those…

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The Cost Of Waiting To Buy A Home | Keeping Current Matters

The National Association of Realtors (NAR) recently released their July edition of theHousing Affordability Index. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.

NAR looks at the monthly mortgage payment (principal & interest) which is determined by the median sales price and mortgage interest rate at the time. With that information, NAR calculates the income necessary for a family to qualify for that mortgage amount (based on a 25% qualifying ratio for monthly housing expense to gross monthly income and a 20% down payment).

Here is a graph of the income needed to buy a median priced home in the country…

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Buying a Home Remains 35% Less Expensive than Renting! | Keeping Current Matters

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.

The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in Sarasota (FL), and 35% Nationwide!

The other interesting findings in the report include:

  • Interest rates have remained low and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation. “In the past year, these two trends have made homeownership even more affordable compared with renting.”
  • Some markets might tip in favor of renting if home prices increase at…

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