Signed Contracts for US Homes Increase, Report Shows.

Home contractIn the latest sign that the U.S. real estate market is improving, more Americans signed contracts to purchase homes in February than in nearly a year.

The National Association of Realtors released the data, which showed that the seasonally adjusted pending home sales index increased 3.1 percent to 106.9 in February.

That’s the highest it’s been since June 2013!

If you’re preparing to list your home anytime soon on the local housing market, we encourage you to continue reading to learn more about this trend!

US Home Sales Are On the Rise!

Here are some additional highlights from the recent National Association of Realtors report:

  • Buying activity increased in the Midwest and West during the month of February, although it actually decreased slightly in the Northeast and South.
  • Existing homes sold at an annual pace of 4.88 million in February, which is slightly below last year’s levels.
  • The supply of homes was just 4.6 months, compared to five months a year ago. It should be noted that a six month inventory is considered a balanced market.
  • Average 30-year fixed rates were 3.69 percent last week, according to the mortgage giant Freddie Mac. That was down from a 52-week high of 4.41 percent recently.
  • Home prices have increased 17 percent since the middle of 2012, which is when the market bottomed out.
  • Analysts are particularly encouraged by the recent gains because it means that the housing market was able to overcome such unforeseen and uncontrollable hurdles like freezing weather and a particularly harsh winter.

Experts say that the upturn suggests that the spring home buying season will be robust.

They added that home sales are likely to be further supported since the unemployment rate is down to 5.5 percent.

In fact, the unemployment rate is down to its lowest level in nearly seven years!  And employers have added 3.3 million jobs during the last year, including 295,000 jobs in February.

All of this is giving would-be home buyers more buying power as well as consumer confidence. This, in turn, is leading more to enter the national housing market in search of their dream home.

We’re Your #1 Real Estate Resource!

We hope you found the above information insightful as a prospective home seller.

As you can see, it really is a great time to list your property on the market.  After all, there’s plenty of pent-up home buyer demand and home sales activity appears to be picking up.

Please check back here soon for more valuable insight on that national housing market and how it may impact you.  We’d be happy to offer our expert insight in order to help you enjoy a successful outcome as a home seller!

Report: US Home Prices See Gains in February

home pricesThe national housing market continues to show gains, with home prices rising year-over-year during the month of February.

This is fantastic news as it shows that the U.S. real estate market continues to rebound from the Great Recession.

If you’re considering listing your home anytime soon, please continue reading to learn more about current national housing market trends.

A Closer Look at Recent US Sales Activity

CoreLogic released its February 2015 CoreLogic Home Price Index and the conclusions are favorable for home sellers.

Here are some of the highlights of that report:

  • US home prices (including distressed sales) increased by 5.6 percent in February 2015 compared to February 2014.
  • That increase marks three years of consecutive year-over-year increases in national home prices.
  • Month-over-month, national home prices (including distressed sales) increased 1.1 percent in February 2015 compared to January 2015.
  • 26 states and Washington DC were at or within 10 percent of their peak prices during the month of February.
  • Six states, including Colorado (+9.8 percent), New York (+8.2 percent), North Dakota (+7.7 percent), Texas (+8.5 percent), Wyoming (+8.4 percent) and Oklahoma (+5.2 percent), marked new home price highs since January 1976 when the CoreLogic HPI began.
  • When you exclude distressed sales, home prices increased by 5.8 percent in February 2015 compared to February 2014.
  • And home prices increased by 1.5 percent month over month compared to January 2015.

Certain states stood out for various achievements during the month of February:

  • If you include distressed sales, the five states with the highest home price appreciation were: Colorado (+9.8 percent), South Carolina (+9.3), Michigan (+8.5 percent), Texas (+8.5 percent) and Wyoming (+8.4 percent).
  • If you exclude distressed sales, the five states with the highest home price appreciation were: South Carolina (+9.7 percent), New York (+9.2 percent), Colorado (+9 percent), Texas (+7.9 percent) and Florida (+7.8 percent).
  • If you include distressed sales, the peak-to-current change in the national HPI (from April 2006 to February 2015) was -12.2 percent. If you exclude distressed sales, the peak-to-current change for the same period was -7.8 percent.
  • If you include distressed sales, only Connecticut had a decline in home prices, with a 0.9 percent decrease.
  • The five states with the largest peak-to-current declines, including distressed transactions, were: Nevada (-35.4 percent), Florida (-32.4 percent), Rhode Island (-29.6 percent), Arizona (-28.4 percent) and Connecticut (-24.7 percent).
  • If you include distressed sales, the U.S. saw 36 consecutive months of year-over-year increases.
  • 92 of the top 100 Core Based Statistical Areas (CBSAs) measured by population had year-over-year increases in January 2015.
  • Those core based statistical areas that saw year-over-year declines were: Baltimore-Columbia-Towson, MD; Philadelphia, PA; Hartford-West Hartford-East Hartford, CT; New Orleans-Metairie, LA; Rochester, NY; Worcester, MA-CT.; Albany-Schenectady-Troy, NY; and New Haven-Milford, CT.

Based on recent market data and projections, the CoreLogic HPI Forecast suggests that home prices, including distressed sales, will increase by 0.6 percent month over month from February 2015 to March 2015 and on a year-over-year basis by 5.1 percent from February 2015 to February 2016.

If you exclude distressed sales, home prices are expected to increase by 0.5 percent month over month from February 2015 to March 2015 and by 4.8 percent year over year from February 2015 to February 2016.

How Can We Help You With Your Next US Home Sale?

If you’re interested in entering the market anytime soon as a home seller, please make sure to contact us.

We would be happy to assist you by further analyzing recent market activity to see how it may affect your specific efforts as a home seller.

Midlothian Real Estate Listing – Recently SOLD Real Estate

14715 Mill Spring Dr – SOLD Real Estate

Thanks to the Richmond Real Estate Experts at The 20/20 Team – Keller Williams Richmond this Midlothian Real Estate Listing is now SOLD and has some great new owners! This wonderful piece of Recently SOLD real estate is located in Woodlake and has a NEW roof, NEW Exterior & Interior painting, and NEW carpeting!!! This piece of SOLD Real Estate is in move in condition!!! This home offers Three Bedrooms, Two & a Half Bathrooms , formal dining room, living room with fireplace, large eat in kitchen with breakfast area & skylights, screened in rear patio/porch, partial(fairly new!) rear fenced yard, center of cul-de-sac, three bedrooms & two bathrooms up!!! Clean & Neat!!! You can beat this Great location, the schools or the neighborhood!!! We are so glad we could help our clients find such a wonderful home!

SOLD Midlothian Real Estate Listing

14715 Mill Spring Dr, Midlothian, VA 23112

Buy A Home

Are you looking to Buy a home ? Not sure where to start? We can help! The Richmond Real Estate Experts at The 20/20 Team have helped hundreds of clients buy a home in central Virginia and we would love to help you too! Why use a realtor you ask? Our Richmond Real Estate Experts can help you determine your buying power and help you in understanding different financing options and identifying qualified lenders, assist you in your home search, assist you in the selection process by providing objective information about each property, help you negotiate the best price on your new home, provides due diligence during the evaluation of the property including inspection for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well test, just to name a few, and guide you through the closing process and make sure everything flows together smoothly. There is so much more that goes into buying a home then meets an eye. So what are you waiting for? Give us a call today and see how we can help!

Richmond Real Estate Search

Are you looking for homes in Richmond Virginia? Start your Richmond Real Estate search at www.GoRichmondRealEstate.com ! Here you can browse our featured listings, perform a real estate search by neighborhood to see all homes for sale in your favorite Richmond Neighborhoods , or use our real estate search tool to search all Richmond MLS listing. No matter how you choose to search though you are sure to find just what you have been looking for at The 20/20 Team website!

Richmond Real Estate – Commercial Real Estate Listing

7427 Brook Rd – Real Estate Listing

Check out this great commercial real estate listing brought to you by Richmond Realtors at The 20/20 Team – Keller Williams! This commercial Real estate listing is an office building that has meticulously maintained throughout the years and features Stately brick construction, refurbished trimwork, and new Heat pump heating, . Current use is Office General Purpose housing six individual offices. First floor includes two offices, bath, employee kitchen, and waiting room. Second floor includes four offices and bath. Unfinished basement provides utility access. The property also features a large gravel parking lot & storage out building. Check out this great listing before it’s too late!

Richmond VA Commercial Real Estate Listing

4727 Brook Rd, Richmond, VA

Richmond Real Estate Search

Are you looking for Richmond Virginia Houses for Sale? Stop by www.GoRichmondRealEstate.com and start your Richmond Real Estate Search today! Here you can Browse our Featured listings and see some of our favorite homes in Richmond Virginia, perform a real estate search by neighborhood and find your dream home in your dream neighborhood, or if you are still not finding what you are looking for use our real estate search tool to search all Richmond VA MLS Listings! No matter how you choose to search thought you are sure to find some great Real Estate listings! So stop wasting time looking for Richmond Virginia House for Sale on those other real estate websites and get the most out of your Richmond Real Estate Search at The 20/20 Team Website!

Richmond Realtors

Are you looking to buy a home or Sell a home and looking for a Richmond Realtor? If so look no further. Give The 20/20 Team a call and see how we can help you. Our Richmond Real Estate Experts have helped hundreds of clients either buy a home or sell a home! But we don’t just help people buy and sell homes in Richmond Virginia! We work throughout central Virginia in areas including Chesterfield, Midlothian, Hanover, Mechanicsville, Goochland, Powhatan, Short Pump, and Henrico just to name a few! So what are you waiting for? Contact us today!

Midlothian Virginia Real Estate Listing – Recently SOLD Real Estate

2400 Edgeview Ln – SOLD Real Estate

This marvelous Midlothian VA Real Estate Listing in now SOLD thanks to our team of Richmond Realtors at The 20/20 Team – Keller Williams Richmond! This great 4 bedroom piece of recently SOLD real estate is an updated colonial and is nestled in the heart of the community and features Kitchen with granite countertops, GE stainless appliances, wood floors, Formal rooms with crown & chair, Family room with wood burning fireplace (plumbed for gas, too!) & built-ins, & Sunroom! Front & rear staircases lead to the 2nd level of this Midlothian Virginia Real Estate Listing where there are 3 bedrooms & the Master and gorgeous Master Bath with spa shower!! There is also a spacious bonus room with ceiling fans, skylights and shelved closet space in this Midlothian Real Estate Listing. The true gem of this piece of Recently Sold Real Estate is the multi-leveled deck which overlooks a most lush, fenced, rear yard. All of this in an amazing school district within minutes of Shopping, Dining, Health Clubs, and more just minutes away! We are so glad we could help our buyers find such an amazing home!

Recently SOLD Midlothian Real Estate Listing

2400 Edgeview Ln, Midlothian, VA

Richmond Real Estate Experts

Are you looking to buy a home or sell a home in Richmond Virginia? Overwhelmed by the process and not sure where to start? Well not to worry! Our team of Richmond Realtors can help! The Richmond Real Estate Experts at The 20/20 Team have helped hundreds of clients buy a home and sell a home and we would love to help you as well! Contact us today to see how we can help you buy a home or sell a home! We don’t only sell homes in Richmond either! We help sell homes throughout Richmond and Central Virginia including, Hanover, Mechanicsville, Richmond, Henrico, Shortpump, Chesterfield, Chester, Midlothian, Powhatan, and Goochland just to name a few! So what are you waiting for! Let us help you make your real estate dreams become a reality!

Richmond Real Estate Search

Are you looking for homes in Richmond Virginia? Start your Richmond Real Estate search at www.GoRichmondRealEstate.com! Here you can Browse our Featured listings, Use our real estate search tool to search all homes in Richmond Virginia for Sale, or perform a real estate search by neighborhood and see all homes in Richmond Virginia for sale in your favorite Richmond Neighborhoods! No matter how you choose to search you are sure to find your dream home at The 20/20 Team website!

Richmond Virginia Houses for Sale – Henrico Real Estate Listing

1507 Edenburry Dr – Real Estate Listing

Check out this Terrific Henrico County Tri-Level real estate Listing brought to you by the Richmond Real Estate Experts at The 20/20 Team – Keller Williams RVA. With plenty of room to roam & a great location this wonderful 4 bed & 2.5 bath Henrico Real Estate Listing has it all! Located off of Lauderdale in the West End you can walk to Carver elementary & are conveniently located to Short Pump, I-64, Route 288, & so much more! The space & location are not the only things this real estate listing has going for it though. Inside you will find beautiful hardwoods in the living room & formal dining room with handsome chair molding & French doors leading out to the huge screened porch & full fenced rear yard with fire pit. The cozy kitchen has been updated with new cabinets, quartz counter tops, & under mount sink; & the spacious family room features carpet flooring & a brick wood burning fire place making it the perfect space to cuddle up & spend quality time with those you love. Retreat upstairs to the master suite featuring hardwoods, 2 large closets, & attached bath. The 2nd floor is also home to 2 additional beds & a full bath. On the 3rd level you will find a larger 4th bed with plenty of closet space & attached office or study. The is no shortage of storage in this Henrico Real Estate Listing either with the detached 2 car garage! Don’t wait! Check this one out before it’s too late!

Richmond Virginia Houses for Sale – Henrico Real Estate Listing

1507 Edenburry Dr, Henrico, VA

Buy A Home

Do you want to buy a home? Are you looking at Richmond Virginia houses for sale but don’t know where to start when looking to buy a home? Well we can help! Our team of Richmond Real Estate Experts has helped hundreds of clients buy a home in Richmond and we can help you too. Why use a realtor? Our Richmond Real Estate experts can help you determine your buying power, help in understanding different financing options and identifying qualified lenders, assist you in your home search, assist you in the selection process by providing objective information about each property, help you negotiate and get you the best price for your home, due diligence during the evaluation of the property, and guide you through the closing process and make sure everything flows together smoothly! We know there is much more to buying a home than you first expected. So let us help you make the right choice when making the biggest purchase of your life. Contact us today to see how!

Richmond Real Estate Search

Just starting your Richmond Real Estate Search? Start it at www.GoRichmondRealEstate.com ! Here you can browse our list of featured Real Estate listings, use our real estate search tool to search all Richmond MLS listings, or perform a real estate search by neighborhood so you find the perfect home in the perfect neighborhood! No matter how you choose to search you are sure to find your dream home at The 20/20 Team website!

Real Estate Listings – 1321 Floyd AVE

Real Estate Recently SOLD – Contract Pending

Thanks to the fabulous team of Richmond Realtors at The 20/20 Team Keller Williams – Richmond this fantastic multifamily Richmond Real estate listing is now UNDER CONTRACT! This two unit brick duplex in the heart of the fan! This great piece of Richmond Real Estate recently sold is within Walking distance to restaurants, coffee shops, parks, VCU and so much more! Each unit of this Richmond Real Estate listing features two bedrooms, one bathroom, and washer & dryer. A spacious living room that’s open to the kitchen which features granite counter tops, eat in island bar, and plenty of cabinet space. And don’t forget the glorious historic details including the beautiful huge front windows with historic trim detail, brick mantels, and hardwood floors! This one also features not one but TWO off street parking spaces! Our buyer specialist Pierce helped one of our real estate investors scoop up this great deal! If you are interested in the possibility of investing in real estate contact us today to see how we can help!

Real Estate - Recently SOLD Richmond Real Estate

1321 Floyd Ave, Richmond, Virginia

Richmond Real Estate Lender

Are you ready to buy a home? Don’t put the cart before the horse! Before you buy stop by The 20/20 Team website and get preapproved with one of our trusted real estate lenders like Brandon Lewis! Tell him The 20/20 Team sent you and you are sure to get VIP treatment! This will help you determine your buying power and give you a step up when you find a property that you love! Getting preapproved with a Richmond Real Estate Lender helps to show sellers you are serious when making an offer on their home and that you can actually afford the home. This can give you a HUGE Advantage. Our team of Richmond Realtors can offer you not only this but so much other great advice on buying homes in Richmond Virginia. So if you are looking to buy a home contact us today to see home our team of Richmond Realtors can help you!

Richmond Real Estate Search

Looking for homes in Richmond Virginia for Sale? Stop by www.GoRichmondRealEstate.com and start you Richmond Real Estate search today. Here you can browse our featured Real Estate Listings and see some of our favorite Richmond homes for Sale! Or use our real estate search tool and input you exact search criteria and see all Homes in Richmond Virginia that match these guidelines! Still can’t find what you are looking for? Try performing a real estate search by neighborhood and see all of your Favorite Richmond homes for sale in your favorite Richmond neighborhoods. No matter how you choose to search you are sure to find what you are looking for at The 20/20 Team website!

Housing in Richmond Virginia – Downtown Richmond Real Estate Listing

212 W Franklin St Penthouse 2 – Richmond Real Estate for Sale

Check out this charming downtown Condo brought to you by the Richmond Real Estate Experts at The 20/20 Team Keller Williams! This great piece of Richmond Real Estate for sale features one bedroom one and a half bath. This penthouse unit is perfect for those who like to be close to it all but still enjoy their peace and quiet. Located on Franklin and Madison you will be close to all the action and are only steps away from VCU, MCV, Altria Theater, The Fan, Carytown, The Bottom and so much more! However the location is not the only thing that this Downtown Richmond Real Estate Listing has going for it! This stunning top floor unit features hardwood flooring throughout with a tile inlay in the entry way; a gorgeous updated kitchen with granite tops, recessed lighting, and breakfast bar; and spacious master suite with a large closet and marvelous master bath! But the features don’t stop there. Take advantage of all of the amazing amenities the Presidential has to offer including the indoor pool, exercise room, common room and the sunken courtyard which are perfect spaces to entertain. Who says you can’t have it all? Check out this great piece of Richmond Real Estate for Sale today before it is too late!

Richmond Real Estate Listing - Richmond 23220

212 W Franklin St PH2 , Richmond VA 23220

Buy a Home

Are you looking for housing in Richmond Virginia? Contact us today to see how our team of Richmond Real Estate Experts can help you buy a home! Our team of Richmond Realtors has helped hundreds of clients find and buy a home and we would love to help you as well. Why use an agent? A Richmond Realtor can be a huge advantage to you when buying a home. They know the market and what homes are going for and can ensure that you get your dream home and get it for the best price. In addition they can help you determine your buying power, assist you in your home search and selection process by providing objective information about each property, provide due diligence during the evaluation of the property, help you in understanding different financing options and identifying qualified lenders, and guide you through the closing process and make sure everything flows together smoothly. There is more that goes into buying a home than meets the eye! Let our Richmond Real Estate Experts work for you and help make your goal to buy a home a reality!

Richmond Real Estate Search

Start your Richmond Real Estate Search today with The 20/20 Team at www.GoRichmondRealEstate.com! Here you can browse our featured Richmond Real Estate Listings, use our real estate search tool to search all available housing in Richmond Virginia for sale, or perform a Richmond Real Estate Search by neighborhood allowing you to see all of the Richmond Real Estate Listings in your favorite neighborhoods! No matter how you choose to search you are sure to find what you are looking for at The 20/20 Team website!

Real Estate Listings – SOLD IN 1 DAY!

5004 Westcott Ridge Dr – Recently SOLD Real Estate!

Thanks to the Richmond Real Estate Experts at The 20/20 Team Keller Williams Realty this stunning Richmond Real Estate listing in Westcott at Grey Oaks Went from “For Sale” to “SOLD!” IN JUST 1 DAY! This Boone construction Real Estate Listing has it all including one of the best wooded lots in Westcott at Grey Oaks! This piece of recently SOLD real estate features a Spectacular 3-sided brick Blakeshire plan which is rarely seen but very popular because of its open and bright floorplan. Every upgrade and luxury that a discerning eye can appreciate including hardwoods throughout the first floor, coffered ceiling in dining room, dental moldings, custom Circa lighting, iron balusters, David Hicks stair carpet runners, mud-room with built-in cubbies, family room built-ins, breakfast nook bump-out, and much more. You’ll be spending lots of your time in the gorgeous Sun Room with slate flooring or lounging in your spacious family room which opens to the chef’s kitchen featuring 5-burner gas range and Jenn-Air appliances. Enjoy your Master Bedroom suite complete with spa bath, private study, and his-and-her closets. All bedrooms are generously sized. Third floor recreation room with 92″ projection TV. Rear yard is fully fenced with wooded views; making this piece of recently SOLD real estate second to none in the neighborhood!

Recently SOLD Richmond Real Estate in Glen Allen

5004 Westcott Ridge Dr, Glen Allen, VA

Sell a Home

Are you looking to sell your Real Estate Listing? The Richmond Real Estate Experts at The 20/20 Team can help! Our Richmond realtors have helped hundreds of people sell homes in Richmond Virginia and we can help you as well! Why use a Richmond Realtor you ask? Our Richmond Realtors can give you up-to-date on what is happing in the Richmond Real Estate Market and the price of competing properties; help market your property to other real estate agents and the public, objectively evaluate every buyer offer withour compromising your market position and close the sale of your home! Still not convinced? Call the Richmond Real Estate Experts at The 20/20 Team today and see how we can help take your home from “For Sale” to “SOLD!”

Richmond Real Estate Search

Are you looking for Homes in Richmond VA? Start you Richmond real estate search at www.GoRichmondRealEstate.com ! Here we have three great ways for you to search and you are sure to find your dream Richmond Real Estate Listing! At The 20/20 Team Website you can browse our featured listings and see some of our favorite homes in Richmond, use or real estate search tool to search all Richmond MLS listings, or perform a real estate search by neighborhood allowing you to see all the Richmond homes for sale in your favorite Richmond neighborhoods! So stop by today and let us help find your next home!

Shop Smart for Your Dream Home During the Spring Buying Season

Home Buying 14This is the time of year that has home buyers and home sellers alike excited: The Spring Home Buying Season!

For buyers, it’s a great time to purchase a home because the school year is coming to an end and residents have all summer to move before it’s back in session. For sellers, it’s a great chance to reach a lot of home buyers as they navigate the market searching for their dream home.

In preparation for the spring home buying season, we wanted to share with you some tips on how you can shop smart as a home buyer. Enjoy!

4 Home Buying Tips for the Spring Market

Don’t just rely on the Internet for your home searches. While you can certainly find a treasure trove of information on the Internet, it’s not the only way to find your dream home. In addition to searching real estate websites, you might consider also getting out and canvassing homes for sale the old fashioned way. After all, Internet pictures and listing information only tell part of the story. For full context, you need to view the home in person. And don’t hesitate, either! This year’s spring home buying market is expected to be particularly competitive and so you want to make sure you get to that home before other buyers do.

Learn about current market values in trend. Obviously, every market is going to be slightly different and so it behooves you to lean about your local housing markets specific trends. Let’s consider the recent Case-Shiller 2014 home price index, which shows you how much of a difference there can be among major markets. In that report, San Francisco saw the largest annual regional gain at 9.3 percent. Meanwhile, other major markets like New York, Chicago and Washington DC saw less than 2 percent. A qualified and experienced agent can talk with you about current trends and how they impact you.

Lock in low mortgage rates now. Those near-historic lows won’t be around forever. Thus, make sure you get a good mortgage rate now. By doing so, you ensure that your monthly mortgage will be reasonable for you. And in some cases, you may qualify for a larger or more expensive home thanks to low mortgage rates. Here’s another reason to get a mortgage now: In January, the Federal Housing Authority (which backs loans for borrowers who make low down payments), lowered the annual insurance premium it requires from 1.35 percent of a home loan to just 0.85 percent. All told, the Housing Department estimates that will save FHA homeowners roughly $900 a year.

Keep “Sweeten-the-Deals” Strategies in Your Back Pocket. As previously mentioned, this is going to be a competitive spring home buying season. In other words, you may face a bidding war. So to prepare, consider ways that you can sway the seller in your favor. This might include an escalation card, which is the amount that you’d automatically be willing to pay above a competing bid. You might also consider foregoing certain contingency clauses. Contingencies are stipulations that allow buyers to get out of contracts. These include appraisals, home inspections and financing contingencies. By removing such contingencies, you’re likely to impress the home seller enough to want to accept your offer.

We Are Your #1 Resource for Home Buying Tips

We hope you found the above information helpful as a prospective home buyer. Please make sure to check back here soon for even more tips that will help you as you navigate the market!

Have a great day!