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eXp Realty, LLC Blog

Tuesday, April 11, 2017   /   by Matthew Freda

Careful…Don’t Get Caught in the Rental Trap! #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Careful…Don’t Get Caught in the Rental Trap!
 Tuesday April 11th, 2017  First Time Home Buyers, For Buyers, Move-Up Buyers












There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped 
Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that,

“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”

In the Joint Center for Housing Studies at Harvard University's 2016 State of the Nation’s Housing Report, they revealed that “The number of cost-burdened households rose to 21.3 million. Even ...

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Monday, April 10, 2017   /   by Matthew Freda

The Importance of Using a Professional to Sell Your Home #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

The Importance of Using a Professional to Sell Your Home
 Monday April 10th, 2017  For Sellers












When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.
In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the percentage of buyers who used the internet in their home search increased to 94%.
However, the report also revealed that 96% of buyers who used the internet when searching for homes purchased their homes through either a real estate agent/broker or from a builder ...

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Friday, April 07, 2017   /   by Matthew Freda

Why Millennials Choose to Buy #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Why Millennials Choose to Buy [INFOGRAPHIC]


 Friday April 7th, 2017  First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyer








Some Highlights:





“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”






At 93%, the top reason Millennials choose to buy is to have control over their living space.






Many Millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they'd like, or renovate an outdated part of their living space.

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Thursday, April 06, 2017   /   by Matthew Freda

The 'REAL' News about Housing Affordability #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

The 'REAL' News about Housing Affordability
 Thursday April 6th, 2017  First Time Home Buyers, For Buyers, Move-Up Buyers












Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).
Here is how NAR defines the index:

“The Housing Affordability 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.”

Basically, a value of 100 means a family earning the median income earns enough to qualify for a mortgage on a median-priced home, based on the price and mortgage interest rates at the time. Anything above 100 ...

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Tuesday, April 04, 2017   /   by Matthew Freda

15,014 Homes Sold Yesterday… Did Yours? #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

15,014 Homes Sold Yesterday… Did Yours?
 Tuesday April 4th, 2017  For Sellers, Housing Market Updates, Pricing












There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.
After all, 15,014 houses sold yesterday, 15,014 will sell today and 15,014 will sell tomorrow.
15,014!
That is the average number of homes that sell each and every day in this country, according to the?National Association of Realtors’ (NAR) ?latest?Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.48 million. Divide that number by 365 (days in a year) and we can see that, on average, over 15,014 homes sell every day.
The report from NAR also revealed that there is currently only a 3.8-month supply of in ...

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eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

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