Fred Yancy, Realtors LLC

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August Shout Out

July 29, 2015

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4 Reasons to Sell This Fall [INFOGRAPHIC]

4 Reasons to Sell This Fall [INFOGRAPHIC] Some Highlights: Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are available! Housing inventory is still under the 6-month supply that is needed for a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire. You might also enjoy reading... Lack of Existing Home Inventory Slows Sales Heading into Fall [INFOGRAPHIC] 5 Reasons to Sell This Fall 4 Reasons to Buy a Home This Fall! Do Your Future Plans Include a Move? What’s Stopping You from Listing Now?

When Is It A Good Time To Rent? NOT Now!

When Is It A Good Time To Rent? NOT Now! People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their third quarter median rent numbers. Here is a graph showing rent increases from 1988 until today: A recent Wall Street Journal article reports that rents rose “ faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters.” The article also cited results from a recent Reis Inc report which revealed that average effective rents rose 4.6% in 2015, the biggest gain since before the recession. Over the past 15 years, rents have risen at a rate of 2.7% annually. Where are rents headed? Jonathan Smoke, Chief Economist at realtor.com recently warn...

99% of Experts Agree: Home Prices Will Increase

99% of Experts Agree: Home Prices Will Increase Some believe that the combined effects of the new tax code and rising mortgage rates will have an adverse impact on residential real estate prices in 2018. However, the clear majority of recently surveyed housing experts believe that home values will continue to rise this year. What is the Home Price Expectation Survey? Each quarter, Pulsenomics surveys a nationwide panel of economists, real estate experts and investment & market strategists. Those surveyed include experts such as: Daniel Bachman, Senior Manager, U.S. Economics at Deloitte Services, LP Kathy Bostjancic, Head of U.S. Macro Investors Service at Oxford Economics David Downs, Real Estate Finance Professor at VCU Edward Pinto, Resident Fellow at American Enterprise Institute Albert Saiz, Director at MIT Center for Real Estate ...

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