Month: July 2019

Port Matilda Home on 1 1/2 Acres for Sale | $592,000 | Port Matilda, PA

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Lovely, spacious two story home offers a welcoming floor plan that flows from room to room with high ceilings and plenty of space. 5 bedrooms and 4.5 baths consisting of a master suite on the first and second floor, a junior suite and two big bedrooms, all bedrooms all have large walk in closets. Updated kitchen has under cabinet lighting, breakfast bar and dining area that walks out to the deck. Other features include first and second floor laundry room, over-sized 3 car garage, and large unfinished basement with access from the garage. Sits on a peaceful, private 1.57 acre lot that is close

Port Matilda Home on 1 1/2 Acres for Sale | $592,000 | Port Matilda, PA

Photo
Lovely, spacious two story home offers a welcoming floor plan that flows from room to room with high ceilings and plenty of space. 5 bedrooms and 4.5 baths consisting of a master suite on the first and second floor, a junior suite and two big bedrooms, all bedrooms all have large walk in closets. Updated kitchen has under cabinet lighting, breakfast bar and dining area that walks out to the deck. Other features include first and second floor laundry room, over-sized 3 car garage, and large unfinished basement with access from the garage. Sits on a peaceful, private 1.57 acre lot that is close

Why Now Is the Perfect Time to Sell Your House

Why Now Is the Perfect Time to Sell Your House | Simplifying The Market

As a homeowner, it’s always tempting to dream about the next big project you’re going to tackle. The possibilities are endless. Should I renovate? Should I refinance? Should I stay? Should I move? The list goes on and on.

In today’s housing market, it’s actually a great time to shift your thoughts toward selling your house and moving up into the home of your dreams. Here’s why:

Inventory is on the rise, but there’s still an overall shortage of houses for sale (less than a 6-month supply found in a more normal market), so homes are going under contract quickly. In fact, the National Association of Realtors (NAR) Realtors® Confidence Index Survey reports that right now homes are only staying on the market for an average of 27 days. That’s less than one month, an even more accelerated pace from the 36-day trend we saw last spring.Why Now Is the Perfect Time to Sell Your House | Simplifying The MarketThe same report also indicates there are more interested buyers than active sellers today, which is one of the big factors driving home prices higher.Why Now Is the Perfect Time to Sell Your House | Simplifying The Market
Why Now Is the Perfect Time to Sell Your House | Simplifying The Market
This power combination provides an ideal environment for sellers aiming to close a quick sale and earn a big return as we wrap up the summer season.

Bottom Line

There’s still time to make a move before the school year starts and the fall weather sets in. Maybe it’s time to make a change. Let’s get together to determine if selling now is the right decision for your family.

How to Increase Your Equity Over the Next 5 Years

How to Increase Your Equity Over the Next 5 Years | Simplifying The Market

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.

Here are the results from the Q2 2019 Survey:

  • Home values will appreciate by 4.1% in 2019
  • The average annual appreciation will be 3.2% over the next 5 years
  • The cumulative appreciation will be 16.8% by 2023
  • Even experts representing the most “bearish” quartile of the survey project a cumulative appreciation of over 6.7% by 2023

What does this mean for you?

A substantial portion of family wealth comes from home equity. As the value of a family’s home (an asset) increases, so does their equity.

Using the projections from the HPES, here is a look at the potential equity a family could earn over the next five years if they purchased a $250,000 home in January of 2019:How to Increase Your Equity Over the Next 5 Years | Simplifying The MarketBased on gains in home equity, their family wealth could increase by $42,000 over that five-year period.

Bottom Line

If you don’t yet own a home, now may be the time to purchase. Owning or moving up to your dream home could allow you to ride the increase in equity of a growing asset.

Home Price Expectation surveyEvery quarter, Pulsenomics surveys a distinguished panel of over 100 economists, investment strategists, and housing market analysts regarding their 5-year expectations for future home prices in the United States.

3 Expert Insights On Inventory In The Current Market

Lack of Inventory Is Holding Down the Housing Market | Simplifying The Market

The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year.

There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.

Here is a look at what a few industry experts have to say:

Lawrence Yun, Chief Economist at National Association of Realtors

“Imbalance persists for mid-to-lower priced homes with solid demand and insufficient supply, which is consequently pushing up home prices.”

Mark Fleming, Chief Economist of First American

“Market conditions are ripe for increasing home sales with one glaring exception. The supply of homes for sale remains tight, keeping existing home sales below potential.”

Danielle Hale, Chief Economist of Realtor.com

“We’re not seeing as many new listings come up on the market…It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we’ve ever seen.”

Bottom Line

If you’re thinking of selling, now may be the time. Demand for your house will be strong during a period when there is very little competition, ideally leading to a quick sale and a great return on your investment.

2 story home in Pleasant Hills – Pleasant Gap Bellefonte | $249,900 | Pleasant Gap, PA

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Charming 2 story home in Pleasant Hills. This home features 3 spacious bedrooms and 2.5 updated bathrooms. It is situated on a large lot with lots of privacy, cedar wood fence, garden shed and raised garden beds. The updated kitchen boasts a large island open to the dining room with a walkout to the back yard deck. Finished lower level has a full kitchenette and plenty of entertaining space. Ample storage throughout the house and built in shelving in the garage. Close to university, shopping and walking distance to parks. Sq. ft. per tax record card. Buyer should verify.

Susan Rupert Group

Realtor, ABR, CRS, SRES, MCNE, e-PRO
Kissinger Bigatel & Brower

2300 South Atherton Street
State College, PA 16801
Mobile/Direct: 814-280-0364
Office: 814-234-4000 ext. 3213
Email: Susan@StateCollegePARealEstate.com

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