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December Home Sales Report

December Home Sales Report

December Home Sales Report

December Home Sales Report


 

December Home Sales Repor is bouncing back after a slight fall in November, according to the National Association of Realtors®. Although the Midwest saw sales decline, the other three major U.S. regions reported meaningful growth last month.

Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 3.6% from November to a seasonally-adjusted annual rate of 5.54 million in December. Additionally, overall sales took a significant bounce, up 10.8% from a year ago (5.00 million in December 2018).

On a full-year basis, total existing-home sales ended at 5.34 million, the same level as in 2018, as sales in the South region (+2.2%) offset declines in the West (-1.8%) and Midwest (-1.6%), as the Northeast remained unchanged.

Lawrence Yun, NAR’s chief economist, said home sales fluctuated a great deal last year. “I view 2019 as a neutral year for housing in terms of sales,” Yun said. “Home sellers are positioned well, but prospective buyers aren’t as fortunate. Low inventory remains a problem, with first-time buyers affected the most.”

The median existing-home price2 for all housing types in December was $274,500, up 7.8% from December 2018 ($254,700), as prices rose in every region. November’s price increase marks 94 straight months of year-over-year gains. “Price appreciation has rapidly accelerated, and areas that are relatively unaffordable or declining in affordability are starting to experience slower job growth,” Yun said. “The hope is for price appreciation to slow in line with wage growth, which is about 3%.”

NAR’s Home Affordability Index Ranking and Payroll Job Growth report found that affordability rankings declined in 81 metro areas, 34 of which saw non-farm job growth fall faster in 2019 Q3 than the national rate over the previous five years.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

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Sold-518 Sonja Cir, Davenport FL

Sold-518 Sonja Cir, Davenport FL

Sold-518 Sonja Cir, Davenport FL

518 Sonja Cir, Davenport, FL

Just Sold

$ Click for current price
3 BEDROOMS | 2 Baths (2 full ) BATHROOMS | 1356 SqFt

Located in Santa Cruz this fully furnished 3 Bedroom 2 Bath pool home backs on to the privacy wall at ChampionsGate golf course so no rear neighbors ! Easy access to shops, restaurants, I4 and all the Central Florida theme parks. Florida living at its best!

 

Is Owning a Home More Affordable than Renting?

Is Owning a Home More Affordable than Renting?

 

Is Owning more Affordable than Renting?


Rent-or-BuyAccording to new data from ATTOM Data Solutions, Owning a home is more affordable than renting a similar property in just over half of the country!

According to ATTOM’s 2020 Rental Affordability Report, it’s more affordable to own a median-priced, three-bedroom home than to rent a three-bedroom property in 455, or 53%, of the 855 counties analyzed for the report. However, the report found that homeownership was more affordable mainly in lightly populated counties, while renting was more affordable in more populous urban or suburban markets.

“Homeownership is a better deal than renting for the average wage-earner in a slim majority of US housing markets,” said Todd Teta, chief product officer at ATTOM Data Solutions. “However, there are distinct differences between different places, depending on the size and location from core metro areas. For sure, either buying or renting is a financial stretch or out of reach for individual wage-earners throughout most of the country in the current climate. But with interest rates falling, owning a home can still be the more affordable option, even as prices keep rising.”

Homeownership, however, isn’t a good deal in most populous markets. Rending is more affordable than owning in 69% of counties with populations of 500,000 or more, and 84% of counties with a population of at least 1 million, according to ATTOM Data Solutions.

Home prices are also rising faster than rents in 67% of the markets the study analyzed, and faster than wages in 66% of the counties analyzed. However, wage growth was outpacing rent growth in 57% of the markets analyzed in the study.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

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Under Contract- 8709 KNIGHTSBRIDGE CT, KISSIMMEE 34747

Under Contract- 8709 KNIGHTSBRIDGE CT, KISSIMMEE 34747

Under Contract- 8709 KNIGHTSBRIDGE CT, KISSIMMEE 34747

8709 Knightsbridge Ct #D, Kissimmee, FL

Under Contract

$ Click for current price
3 BEDROOMS | 2 Baths (2 full ) BATHROOMS | 1357 SqFt

Looking for a furnished, move in ready condo just minutes from Disney? this is it!!. Located just off Hwy 192 with all of its shops and restaurants this well maintained three bedroom unit is situated on a small, separately gated cul-de-sac.

 

Would you live in a Haunted House?

Would you live in a Haunted House?

Would you live in a Haunted House?

According to the Nearly 60% of consumers who claim to live in a haunted house say they didn’t know their house was haunted until after they moved in! 

What makes a house haunted? Strange noises and shadows are the spookiest occurrences reported by homeowners.

According to realtor.com®’s fourth annual Haunted Real Estate Report. took a survey and Forty-eight percent of survey respondents said items inside the home shifted on their own, 47% said certain rooms felt haunted, 46% said they would feel touched, and 44% said their home had hot and cold spots, 

Thirty-seven percent of respondents say they had a feeling the home they wanted to buy was haunted, but they decided to move in anyway, the survey showed. Twenty-three percent of survey respondents said that if they moved into a haunted house, they would try to flush ghosts out with a renovation, such as with a new kitchen or floor replacement.

The craziest thing is that Nearly 43% of respondents were willing to live next to a house they believed is haunted! 

 

 Take a look at these haunted houses that have recently sold or are currently on the market!

Historic Campbell Castle

15,000 square-foot Kansas property is on the market for $3.5 million. It has 16 bedrooms, 14 full bathrooms, two half bathrooms and sits on a two-acre lot overlooking the river and is filled with historic, European antiques originally imported by Colonel Burton Harvey, the home’s first inhabitant. Rumors of hauntings abound with claims that ghosts traveled from Europe along with the parts of the house that were originally salvaged from castle ruins.  It’s protected on the National Register of Historic Places.

Charming Forge Mansion

7,821 square-foot home in Womelsdorf, Pennsylvania dates back to 1749 and has been preserved and restored with museum-like attention to detail. It’s on the market for $825,000. It features seven bedrooms, seven working fireplaces, and a designer kitchen. Situated along the Tulpehocken Creek, the area is protected by a land trust. It does have a history of paranormal activity. Local legend has it that a young man was tragically doomed to die in the house. 

Schweppe Mansion

Known as Mayflower Place, it played host to royalty at one time. Twenty years after they married, Laura died unexpectedly of a heart attack. The ghost tale says that she bequeathed most of her estate to her children, rather than her husband. Four years after her death, Charles committed suicide after leaving a bizarre note for his children to find. It’s said the couple remain in the home together, visiting several bedrooms of the estate. The 25,000 square-foot property has 10 bedrooms and sits on a 5.4-acre lot. The asking price is $8.95 million.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

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