The National Real Estate Market Shows Positive Signs of Growth

Home Selling 8Things are certainly looking up on the national real estate market! According to a recent report from the national Standard & Poor’s/Case-Shiller Home Price Index, home prices increased during the month of January despite cooling home sales.

Experts believe that a tightening inventory helped to spur the rise in home prices.

This is important information for home sellers as it will help determine their home selling strategy on the local housing market. So continue reading to learn more!

What National Home Sellers Should Know About the Market

Here are the highlights of the most recent report from Standard & Poor’s/Case-Shiller Home Price Index:

  • National home prices increased 4.6 percent year over year in December, bolstered by increased of 9.3 percent in San Francisco and 8.4 percent in Miami.
  • Home prices in Chicago increased 1.3 percent year-over-year while Cleveland and Washington saw price gains of 1.5 percent.
  • Here are some additional cities mentioned in the report, including their year-over-year index change:

Atlanta: 5.1
Boston: 3.8
Chicago: 1.3
Cleveland: 1.5
Dallas: 7.5
Denver: 8.1
Detroit: 2.8
Las Vegas: 6.9
Los Angeles: 5.5
Miami: 8.4
New York: 1.9
San Francisco: 9.3
Washington: 1.5

  • Meanwhile, experts described how regional housing indicators in the south and west were generally positive while the harsh winter continued to hold back home sales in the Northeast and Midwest.
  • Specifically, existing home sales in the West dropped 7.1 percent in the month of January, according to National Association of Realtors’ data released Monday.
  • Meanwhile, national home sales decreased 4.9 percent month over month.
  • Sales in the Northeast dropped 6 percent month over month, while declining 4.6 percent in the South and 2.7 percent in the Midwest.
  • Home sales were, however, up year over year in all four regions in January.

How Can We Help Make Your Real Estate Dreams a Reality as a Seller?

Please contact us for more valuable insight on the current state of the national housing market and how it may benefit you as a home seller. We would love to assist you!

And make sure to check back here next time for even more information that will aid you in your real estate endeavors!

Richmond Real Estate Listing – SOLD IN TWO DAYS

Recently SOLD Real Estate – 2509 Log Cabin Rd

This wonderful Richmond Real Estate Listing SOLD in TWO DAYS thanks to the Richmond Real Estate Experts at The 20/20 Team Keller-Williams Realty! This piece of Recently SOLD Real Estate is move-in-ready and features spacious lot and an open and bright floorplan. Although only 5 minutes away from I-64 and 15 minutes to Short Pump this ideal location offers privacy on a 3 acre lot. While touring this Recently SOLD Real Estate Listing you’ll see that the house has been freshly painted and updated so that all you have to do is move in. On the first floor you’ll discover; hardwoods throughout the foyer and dining room, new ceramic tile in the spacious eat-in kitchen, open and bright living room, and 1 car attached oversized garage. The second floor features spacious master bedroom with private bath and 3 additional bedrooms with shared bath. The exterior of this Richmond Real Estate listing is as impressive as the interior featuring a charming country style front porch, a new expanded deck that is perfect for entertaining, large wooded backyard, a spacious 10×12 detached shed with plenty of storage space, and perfect gardening beds for the homeowner with a green thumb. This one has it all, location, conditioning, and pricing. We told you this fabulous piece of Richmond Real Estate Listing wouldn’t last long!

Recently SOLD Richmond Real Estate Listing

2509 Log Cabin Road, Goochland, VA

Sell a Home

Are you looking to Sell a home in Richmond Virginia? We can help! In today’s competitive Richmond Real Estate market pricing you home is critical when looking to sell a home. Price your Richmond Real Estate Listing too high and your home will frighten away potential buyers and price your home too low and you forfeit your hard earned money. This where we come in. With our free home evaluation one of our Richmond Real estate Experts can help you determine exactly what your home is worth and help you get the most money! This is just one of the many ways our team of Richmond Real Estate experts can help you you’re your home from “For Sale” to “SOLD!” Contact The 20/20 Team today to see how we can help you sell a home!

Richmond Real Estate Search

Are you looking for homes in Richmond Virginia? Well look no further! Start your Richmond real estate search today at www.GoRichmondRealEstate.com ! Here we have a three great way for you to search for homes in Richmond Virginia. Start your Richmond Real Estate Search by browsing our list of Featured Richmond Real Estate Listings and see some of our favorite Richmond homes for sale! While you’re there take some time to check out our Richmond Real Estate Search Tool! With this great tool you can input all of the requirements homes in Richmond must meet and see all the Richmond homes for sale that meet your criteria! Still not finding the perfect homes in Richmond in your dream location? Then check out our Real Estate Search by Neighborhood function! Here you can select your ideal neighborhood and see all of the Richmond homes for sale in that area! No matter how you choose to search I am sure you will find the perfect home at The 20/20 Team Website!

Report: US Home Prices On the Rise

Home Buying 5The National Association of Realtors recently announced the latest US real estate figures and the numbers are encouraging for anyone considering selling their home.

Evidently, home price growth accelerated in much of the country during the fourth quarter of 2014.

This is a fantastic development for anyone hoping to get a good price on their home for sale. Continue reading to learn more.

What You Should Know About US Home Sales

Here is an overview of the highlights of the most recent real estate market report:

  • The median price of an existing single-family home increased year-over-year in 86 percent of 175 metropolitan areas.
  • 24 areas had price gains of 10 percent or more.
  • That figure is up from 16 regions during the third quarter.
  • Meanwhile, prices declined in 24 areas.
  • Experts credit the home price acceleration at least in part to low mortgage rates and improving employment conditions.
  • Still, home price gains are reducing affordability in areas across the country, which had 25 percent growth on average over the last three years.
  • At the end of the fourth quarter, there were 1.85 million previously-owned homes listed for sale, down from 2.01 million a year earlier.
  • The number of markets that saw year-over-year price gains in the fourth quarter has increased.
  • The median price for an existing single-family home in the three months through December was $208,700, which is up 6 percent from the fourth quarter of 2013.

A Different Effect Seen in Canada

As US home prices have increased, a lot of Canadian cities are seeing declines in home prices.

According to the market data:

  • Home prices have started trending downward in several major Canadian cities, including Montreal, Winnipeg, Calgary and Hamilton, Ont.
  • Still, at least two major cities showed gains. On an annual basis, home prices were up 7.4 percent in Toronto and up 5.1 percent in Vancouver.

When It Comes to Real Estate, Knowledge is Power

We take pride in being able to provide you with the most up-to-date market information so that you can make informed decisions as home buyers and sellers.

Check back soon for even more updates on the state of the national housing market and how that may impact you as a buyer or seller.

New US Home Sales and New Housing Starts See Major Surge

ConstructionRegardless of whether you’re navigating the new home sales market or the new construction market, you’ve likely heard some great news over the last few weeks.

That’s because both sectors of the national housing market have made gains recently, according to media reports.

If you’re planning on entering the market anytime soon as a buyer or seller, we recommend you continue reading to learn more about the latest trends on the housing market.

A Closer Look at US Single-Family Housing Starts

According to a recent Reuters article, groundbreaking for U.S. single-family homes increased to its highest level in more than 6 years in December.

Experts say that this, coupled with a huge jump in permits, hints at a recovering housing market.

Here’s what national data revealed about single-family housing starts:

  • Single-family housing starts jumped 7.2 percent to a seasonally adjusted annual pace of 728,000-units.
  • That figure is the highest level it’s been since March 2008.
  • The jump in housing starts offset a 0.8 percent fall in groundbreaking for the multi-family homes segment.
  • These two factors combined lifted overall housing starts 4.4 percent to a 1.09 million-unit rate last month.
  • It should be noted that Wall Street had forecast starts rising to a 1.04 million-unit pace.
  • For all of 2014, groundbreaking increased 8.8 percent to 1.01 million units, the highest since 2007.
  • Single-family housing starts in 2014 were also the highest in seven years.
  • Single-family permits increased 4.5 percent to their highest level since January 2008.

Equally Positive Signs Seen on for New Home Sales

Meanwhile, sales of new homes also showed signs of growth in recent months.

Here’s what Reuters recently reported about this subsection of the market:

  • Sales increased 11.6 percent to a seasonally adjusted annual rate of 481,000 units.
  • New home sales, which make up roughly 8 percent of the housing market, saw a total of 435,000 homes sold compared with 429,000 in 2013.

We’ll Help You Become an Informed Buyer or Seller

We truly believe that the more informed buyers and sellers are about the local housing market, the more likely they are to enjoy a successful outcome on the market.

That’s why we bring you pertinent information about the housing market every month.

Check back here soon for even more information about the current state of the housing market and how it may affect you.

Richmond Real Estate Recently SOLD – Southside Charmer

5905 Willow Creek Way – SOLD Richmond Real Estate

Thanks to the Richmond Real Estate Experts at The 20/20 Team – Keller Williams Realty this Charming Cape in Richmond Virginia’s Southside has gone from “For Sale” to “SOLD!” This cute & cozy two bed, two full bath piece of SOLD Richmond Real Estate was move in ready with new vinyl windows, new HVAC & new paint! Located near Forest Hill Ave & Powhite you could be in either Midlothian or Downtown in minutes! Step out your front door & you’re only moments away from Forest Hill Park, South of James Farmers Market, The James River Park Trail System, The Fan, Carytown & So much more! Inside this piece of Richmond Real Estate Recently SOLD you will find handsome paneling & hardwoods throughout the first floor making the home feel truly warm & inviting. The beautiful kitchen features, gas cooking, stainless steel appliances and stunning soapstone counter tops. The bright & spacious family room is open to the formal dining room, making this the perfect space for entertaining, & boasts a stately brick fireplace & wood stove. When you’re ready for some rest & relaxation you can enjoy all of Virginia’s wonderful season from the airy Florida Room or retreat upstairs to your private master suite. The 2nd story loft is the perfect place for either work or play & would make the perfect home office or rec room! With its superior location & endless features this piece of SOLD Richmond Real Estate had it all! We told you this piece of Richmond Real Estate Recently SOLD would not last long!

Recently SOLD Richmond Real Estate - Southside Charmer

5905 Willow Creek Way, Richmond, VA 23225

Buy A Home

Are you looking to buy a home in Richmond Virginia? Contact the Richmond Real Estate Experts at The 20/20 Team Today to see how we can help you make your homeownership dreams become a reality before you buy a home. Our Richmond Real Estate experts can walk you through the home buying process and make sure you are taken care of while making one of the biggest purchasers of your life. Our team of Richmond Realtors can help you determine your buying power and get you in touch with a reputable lender, assist you in your home search and selection process by providing objective information, negotiate the best deal on your new home, provide due diligence during the inspection process, guide you through the closing process and so much more. So what are you waiting for? Give us a call today and see how we can help you buy a home!

Richmond Real Estate Search

Not sure where to start your Richmond Real Estate Search? Start at www.GoRichmondRealEstate.com! Here we have many great ways for you to search for Homes in Richmond Virginia and you are sure to find your Dream Home here! First stop by and browse our featured Richmond Real Estate Listings and see some of our favorite homes in Richmond. Then use our Richmond Real Estate Search Tool and see the exact homes in Richmond Virginia For Sale that meet you specified search criteria. Still can’t find what you are looking for? Try performing a Richmond Real Estate Search by Neighborhood. Here you can search for homes in Richmond Virginia for sale in your favorite Richmond Neighborhoods. No matter how you choose to search for Richmond Real Estate Listings at The 20/20 Team Website you are sure to find your dream home!

Richmond Real Estate Listing – SOLD Chesterfield Real Estate

Recently Sold Real Estate – 2203 Birnam Woods Place

This Richmond real estate listing is now SOLD Chesterfield Real Estate thanks to the Richmond Real Estate Experts at The 20/20 Team – Keller Williams Realty. Check out this Charming Colonial piece of Recently sold real estate in Beautiful Brandermill! This wonderful 4 bedroom 2.5 bathroom piece of SOLD Chesterfield Real Estate is move in ready and boasts amazing updates such as new Pella Windows in 2012, Updated Kitchen with granite counter tops and new cabinets, new roof installed in 2007, fully fenced backyard, fresh paint & so much more! The 1st floor or this piece of Recently Sold Real Estate offers plenty of living space & room to entertain with a formal living & dining room, huge family room with wood burning fireplace, & spacious eat-in updated kitchen with not 1 but 2 pantries! The upstairs of this pristine piece of SOLD Chesterfield Real Estate hosts the homes 4 bedrooms including the master suite featuring a large walk-in closet, attached master bath, & floating laminate hardwood floors. There is no shortage of storage in this recently sold real estate listing either with a massive walk-up attic, 1 car garage, & extra storage in the homes eaves accessible from the 4th bedroom. When you’re not enjoying the inside of your new home move outdoors to either the fully fenced backyard & large deck or go for a stroll on Brandermills wonderful trail system featuring over 15 miles of gorgeous walking and bike paths. This SOLD Chesterfield Real Estate Listing had it all!

SOLD Chesterfield Real Estate Listing

2203 Birnam Woods Place, Chesterfield Virginia

Sell A Home

Are you looking to sell a home in Richmond Virginia? Contact the Richmond Real Estate Experts at The 20/20 Team Keller Williams Richmond VA today to see how we can help you sell a home. In 2014 we sold over 65 homes and we would love to help you! Our team of Richmond Real estate experts sells home in areas throughout Central Virginia including Richmond City, Chester, Chesterfield, Midlothian, Powhatan, Short Pump, Henrico, Hanover, Mechanicsville, Goochland, and Ashland just to name a few. Our team can help you get the most for you home with our proven pricing and marketing strategy, professional staging and expert negation skills but you don’t have to take out word for it! See what some of our past clients have to say! We would love to help you sell a home!

Richmond Real Estate Search

Are you starting your Richmond Real Estate Search? Start your search at www.GoRichmondRealEstate.com ! The 20/20 Team has three great ways for you to search for Richmond Real Estate Listings. First browse our featured Richmond Real Estate Listings and see some of our favorite homes for sale in Richmond. The use our real estate search tool and input you specific Richmond Real Estate Search Criteria and see all Richmond Real Estate Listings that fit this description! Have a particular neighborhood in mind? Perform a real estate search by neighborhood and find your dream home in your dream neighborhood! No matter how you choose to search you are sure to find what you are looking for at The 20/20 Team website.

 

Young Buyers Returning to the US Housing Market En Masse

Home Buying 6A key factor in the housing market recovery is returning to the national market en masse, much to the elation of housing market analysts.

According to a recent Bloomberg article, more and more first-time home buyers are entering the market because they feel more confident about the economic recovery.

Faster economic growth and a labor market that’s approaching “full employment” (according to the Federal Reserve) are aiding in that rise in confidence among first-time home buyers.

Even if you’re not a first-time home buyer, this news is sure to benefit anyone who is navigating the national housing market right now.

Fannie Mae Economist Makes Positive Predictions for 2015

Douglas Duncan, a chief economist at Fannie Mae in Washington, made the following predictions about the year ahead:

  • There will be a 6.3 percent increase in mortgage lending for purchases this year.
  • This increase follows a 9.6 percent decrease in 2014.
  • Increasing confidence in the job market is the strongest indication that home sales will improve.

Thomas Reuters Consumer Sentiment Poll Reflects Similar Optimism

Recently Thomas Reuters partnered with the University of Michigan for a consumer sentiment poll and this is what they found:

  • Consumers expect an increase of 1.7 percent in their incomes in 2015, the highest since 2008.
  • Those under 45 years old expect the biggest gain at 4.7 percent.

More Encouraging Factors From The National Economy

Meanwhile, economic growth (bolstered by consumer spending as well as business investment) is increasing. In fact, the Commerce Department reported that the US grew by 5 percent in the third quarter, which is the fastest since 2003.

The Fed said it expects the economy will expand between 2.6 percent and 3 percent in 2015, up from 2.3 percent to 2.4 percent in 2014.

Plus, the economy added more than 2.7 million jobs in 2014, which is the most since 1999, according to the Bureau of Labor Statistics.

And the jobless rate will average 5.2 to 5.3 percent, which is at the level last seen before the financial crisis.

All of this job growth and creation means that the median household income in 2014 increased 1.6 percent to $53,880 through November. Experts say that rate should increase through 2015.

Which Brings Us Back to the First-Time Home Buyer

All of this growth and prosperity is driving young home buyers to the market. As they enter the market, more homes will change ownership, freeing up existing home owners to buy bigger and better homes.

We’ve said it before and we’ll say it again: You need a regular stream of first-time home buyers to aid in the growth of any housing market. Thus, we’re thrilled that more and more first-time home buyers are coming back to the market.

Your #1 Resource for Real Estate News

We hope you found today’s news on first-time home buyers as encouraging as we did!

Check back here soon for more valuable information on the current state of the housing market and how it may impact you as a buyer or seller.

Fan Real Estate Listing – Under Contract

Recently Sold Richmond Real Estate – 12 S Auburn Ave

Check out this wonderful Fan Real Estate listing! This wonderful piece of Recently SOLD Richmond Real Estate is now under contract thanks to the Richmond Real Estate Experts at The 20/20 Team – Keller Williams. Listed on the Museum District Historic Register, this classic Richmond Real Estate Listing is within walking distance of Carytown, The VMFA, Charming Fan bars and Restaurants and so much more! Beautiful hardwood floors and unique historic detail add charm throughout this piece of Recently Sold Richmond Real Estate. The bright and welcoming foyer leads to formal living and dining rooms, perfect for entertaining family and guests. The updated kitchen features stainless appliances, island, tile backsplash and walk-in pantry. Upstairs you will find three bright and spacious bedrooms. The master and large second bedroom are both warmed by beautiful mantles and feature closets and built-in bookcases. The third bedroom, currently used as a laundry room/closet, is also very bright and spacious. Large hall bath features tile floor and lovely claw foot tub. Three private parking spaces and all appliances convey for your convenience. Walk to restaurants, Byrd Theatre, Carytown and museums. This one wasn’t around for long!

Recently Sold Richmond Real Estate

12 S Auburn Ave, Richmond, VA 23221

Buy A Home

Are you looking for homes in Richmond Virginia? Want to Buy a Home but not sure where to start? That’s where we come in! Our team of Richmond Real Estate Experts can you navigate  the home buying process and ensure that you get the best deal possible on your new home! Our team of Richmond Realtors have helped hundreds of buyers buy a home throughout central Virginia and we can help you too! Contact us today to see how we can help make your homeownership goals a reality.

Richmond Real Estate Search

When you start you Richmond Real Estate Search start at www.GoRichmondRealEstate.com ! Here we have three great ways for you to search for Homes in Richmond! First browse our list of featured Richmond real estate listings and see some of our favorite homes in Richmond VA for Sale. Then use our real estate search tool to search all Richmond MLS listings that match you unique search criteria. If you still aren’t finding what you are looking for then try our real estate search by neighborhood feature and find your dream home in your dream neighborhood! No matter how you choose to search we are sure you will find the perfect piece or Richmond Real Estate at The 20/20 Team Website!

Report: US Home Inventory Low, Making It a Great Time to Sell

Home RelocationHappy New Year! We hope you and your loved ones enjoyed a wonderful New Year’s Eve and that you’re as excited and hopeful about 2015 as we are!

And if you’re a prospective home seller, a recent report from the National Association of Realtors suggests that there’s a good chance you can get a great price on your home right now.

According to the recent report, US home sales recently hit a six month low, with inventory at a low point too.

While this may seem discouraging at first blush, this actually suggests that those homes that are being sold on the market are being met with increased demand. After all, home buyers have a smaller selection of available homes to choose from than in recent months.

The key to sealing the deal on your home for sale and getting a great price is expert marketing.

A Closer Look at This Recent Real Estate Report

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

  • Existing home sales decreased 6.1 percent to an annual rate of 4.93 million units.
  • That figure is the lowest it’s been since May
  • Meanwhile, home inventories reached an eighth month low.
  • Home sales were up 2.1 percent from a year ago during the month of December.
  • Meanwhile, the U.S. housing index was down 0.2 percent as shares in the largest homebuilder (D.R. Horton) decreased 0.4 percent. Lennar Corp fell 0.43 percent and Pulte Group decreased 0.19 percent.
  • Also, the inventory of unsold homes decreased 6.7 percent from a year ago, to 2.09 million.
  • At November’s sales pace, it would take 5.1 months to sell all homes currently on the market. A six month supply is usually considered a healthy balance between supply and demand.
  • The decreased supply of homes means that the median home price increased 5 percent from a year ago.

Experts say that fickle wage growth as well as higher home prices have kept a lot of first-time home buyers out of the market.

Still, experts also say that with job gains and wage growth expected in early 2015, more and more first-time home buyers are likely to enter the market in the coming months.

In fact, during the month of November, first-time home buyers accounted for 31 percent of all transactions, which is the biggest share they’ve occupied since October 2012.

For comparison purposes, first-time home buyers comprised 29 percent of all transactions in October.

Expert Real Estate Marketing is Key to Selling Your Home

As you can see, there is plenty of opportunity to get a good price on your home, you just have to make sure your home stands out to prospective and qualified home buyers.

That’s where working with an experienced real estate agent can help. A professional will be able to create a custom-made marketing plan for your home that will maximize its exposure to the right buyers.

This will ultimately lead to you getting your home sold in a relatively short amount of time and for a great price!

Check back here soon for more expert insight on the national housing market and how it may impact you as a seller.

Here’s to a happy and prosperous 2015 for you and your family!

SOLD Real Estate – Fan Real Estate Listing

Recently SOLD Richmond Real Estate – 2109 Stuart Ave

Thanks to the Richmond Real Estate Experts at The 20/20 Team – Keller Williams this Fan Real Estate Listing has gone from “For Sale” to “Pending” to “SOLD!” This Fan real estate listing is on one of the best streets in the Fan and features Fan living with contemporary flair! This 3 bed, 2 and a half bathroom rowhouse has been updated with a modern twist. Generous formal rooms feature original fireplaces and hardwood floors throughout, with contemporary lighting and custom window treatments. The kitchen features white cabinets, stainless steel appliances and a breakfast bar seating three. The rear bay window brings the outside in, with views of the charming and peaceful rear yard with custom deck. The master suite features an oversized bedroom with bed nook, custom bookshelves, and access to an oversized master bathroom and walk-in closet with white tile floor, separate jetted tub, shower, and 48′ white vanity with extra storage cabinets. Two additional bedrooms upstairs plus a renovated hall bathroom. Extras include a full front porch, security system, extra outside storage (shed on the side of the house), rear hardscaped area and mature landscaping with irrigation. Situated between two quiet side streets, this home is only 1.5 blocks from Meadow Street Park, and a few blocks to Strawberry Street restaurants and shopping, award-winning William Fox Elementary. You will be sorry you miss this!

Recently SOLD Richmond Real Estate - Fan Real Estate Listing

2109 Stuart Ave, Richmond, VA 23220

Buy a Home

Are you looking to buy a home in Richmond Virginia? The Richmond Real Estate Experts at The 20/20 – Team Keller Williams Realty can help! Our team of Richmond Real Estate Experts see hundreds of home each month! This allows them to know exactly what is on the market and what it is going for! With this knowledge they are able to help you find your dream home and get it for a great price! Ours Richmond Realtor can also help you determine your buying power, get you in touch with a reputable lender, navigate the inspection process and guide you through closing! If you are looking to buy a home you need a Richmond Realtor! Contact a Richmond Realtor at The 20/20 Team Today!

Richmond Real Estate Search

Are you ready to start your Richmond Real Estate Search? Start at www.GoRichmondRealEstate.com ! Here you have three ways to perform a Richmond Real Estate Search and are sure to find the perfect Richmond Real Estate listing! First browse our list of Featured Richmond Real Estate Listings then use our Real Estate Search Tool to search all Richmond Real Estate Listings. Still not finding what you are looking for? Perform a Real Estate Search by Neighborhood and see all Richmond Real Estate Listings in your Favorite Richmond Neighborhoods! No matter how you choose to search you are sure to find a great home at The 20/20 Team website! Start you Richmond Real Estate Search Today!