The Buyer's Broker, Inc.
Mobile Phone 864-420-0262 Office Direct 864-271-4114
|
|
|
Dear , I was involved in two multiple offer deals this month. One was on the buy side and one was on the sell side. My clients were successful in both transactions but the scenario is becoming all too familiar and I hear the same story over and over at real estate meetings and functions. Most of you who read my newsletter are previous clients and have already made wise real estate decisions both in timing and the property, but for many, the challenges at the median price will probably become more difficult to navigate. The shortage of inventory and increased demand have made the market complex and often times discouraging. If you are thinking about retiring it's time to begin planning, so give me a call early in the process. You can never start too early.
I hope you enjoy this month's newsletter and I hope you will forward it to your friends, family, and colleagues who may be thinking about buying a home in the Upstate. All my best, Keith (864-420-0262)
|
October Market Update The number of transactions went down for the first time since 2011 when comparing the month to the previous year. I don't expect the number to reflect a trend but you never know until you're looking back. This month's number of transactions was down 2.9% year over year. Last month's increase in inventory was indeed an anomaly or timing issue as inventory was down this month from the same month a year ago by 10%. 1. Cumulative Statistics 2. September MLS Statistics 3. Year to Date MLS Statistics
We at
The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.
|
Mortgage rates settled back a little bit this week, according to Freddie Mac, with the average conforming 30-year fixed-rate mortgage taking back half of last week's rise. With a three basis point decline (0.03 percent), the benchmark mortgage rates eased to 3.88 percent, breaking a six-week string of step like increases. The rate for conforming 15-year fixed-rate mortgages shed two basis points, sliding to an average of 3.19 percent, while conforming hybrid 5/1 ARMs rose by one one-hundredth of one percent (0.01) to wobble to 3.17 percent for the week.
Underlying interest rates that influence mortgages have been a touch firmer in the last day or so, but don't seem to have any upward momentum. Most likely, mortgage rates hold steady for at least the next few days, possibly firming just a tad..
View the Rates
|
Updating your home requires many important
decisions and you should begin with some of the same conversations I have with clients when we begin the home buying process. We call it the Ultimate Scenario. I treat it like any other business process by starting with specific goals and objectives. I drill down deep and get very
specific, and then I map out a plan to accomplish as many of their prioritizes as I can in the order of most important to least important. Today's home improvement trends embrace energy efficiency, low maintenance exteriors, and double-duty space. We like our houses to work harder and smarter for the money we spend maintaining and improving their value. We no longer want bigger; instead, we want space that's flexible, efficient, and brings order to chaos. We're watching our wattage with monitors and meters, and guarding our weekends with maintenance-free exteriors.
|
Searching for homes online can be frustrating and time consuming. You can learn more about the Upstate real estate market in a phone conversation with me than you can learn surfing the internet for days, weeks, and months. If you would like to know exactly what the local market has to offer and the who, what, where, when, and why about purchasing a home in Greenville, call me today!
|
House Plans Radio Show
Listen to me on the radio every Saturday morning on House Plans. "House Plans" airs live on WORD, 106.3 FM locally from 8:00AM until 9:00 AM. JD Nelson, Chris Roberts, (Countybank Mortgage) and I discuss local, state, and national real estate issues along with a variety of mortgage topics. The debate is lively and callers engage the hosts with local real estate questions. You'll learn all about the current real estate and mortgage market.
Click Here to Listen a Recent Show
|
|
|
|