Updated on February 20, 2017
Updated on February 14, 2017
Bigger isn’t necessarily better when it comes to appreciation. In fact, a new study shows that smaller homes likely will offer a bigger percentage return on a home shopper’s investment.
Read more: New Single-Family Homes Are Getting Smaller
A new study conducted by NerdWallet culled three years of listing data from realtor.com® of the 20 of the largest U.S. metro areas and shows that smaller homes, in general, appreciate at a faster rate than larger homes.
Markets can vary greatly, however. In 17 of the 20 metro areas analyzed, listing prices of the smallest 25 percent homes rose faster when calculated as a percentage, according to NerdWallet. The median annual growth rate for the smallest quartile of homes was 8.9 percent from 2013 to 2016, the study showed. The second smallest group of homes had the second-fastest growth rate: a median annual growth of 7.4 percent.
Florida had two of the metro areas that saw the fastest rate of price appreciation among smallest homes. In Miami-Fort Lauderdale-West Palm Beach, the smallest quartile of homes appreciated by a whopping 19.5 percent each year from 2013 to 2016. In close second, Tampa-St. Petersburg-Clearwater saw its smallest quartiles of homes appreciate by 16.6 percent annually.
Still, while the smallest homes appreciate fastest when viewed as percentage, larger homes appreciate fastest by absolute dollar amount, the study showed. That’s not surprising given a larger home often comes with a heftier price too. Case in point, the smallest homes in the metro areas NerdWallet analyzed saw appreciation, on average, of about $57,535 between 2013 and 2016. Within that same time period, the largest homes saw prices rise, on average, by $99,790.
Richard K. Green, a professor and chair of the Lusk Center for Real Estate at the University of Southern California, says one reason smaller homes are likely appreciating faster is due to less inventory of starter homes available. Buyer demand for starter, smaller homes remains high, however. That could be pushing prices higher, he says.
Source: “Small Homes Can Offer Big Returns,” NerdWallet (Feb. 7, 2017)
Posted on January 23, 2017
Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 19:
- 30-year fixed-rate mortgages: averaged 4.09 percent, with an average 0.5 point, dropping from last week’s 4.12 percent. Last year at this time, 30-year rates averaged 3.81 percent.
- 15-year fixed-rate mortgages: averaged 3.34 percent, with an average 0.5 point, falling from last week’s 3.37 percent average. A year ago, 15-year rates averaged 3.10 percent.
- 5-year hybrid adjustable-rate mortgages: averaged 3.21 percent, with an average 0.4 point, falling from last week’s 3.23 percent average. A year ago, 5-year ARMs averaged 2.91 percent.
Source: Freddie Mac
Posted on January 11, 2017
The first of four commercials, Not an App,aired during the Golden Globe Awards on NBC Sunday night. Its premise is that the power of human interaction is irreplaceable when it comes to buying or selling a home.
But Century 21 isn’t moving away from technology. On the contrary, it’s focusing more on how sales professionals use digital tools to enhance personal relationships with home buyers and sellers, according to Century 21 chief marketing officer, Cara Whitley.
“We believe that our [agents] earn the trust and affinity of home buyers and sellers better than anyone in the business,” Whitley says.
The brand also recently commissioned a study by Wakefield Research that found 92 percent of millennial home buyers believe it’s important for a real estate agent to get to know them personally before choosing to work with them. Another nine out of 10 surveyed said it’s important for their real estate agent to have significant experience with other home buyers in their age group.
Century 21 has been working on building trust with consumers on behalf of agents since its “Smarter. Bolder. Faster.” campaign. “It’s all about relevance and being relevant from both a consumer and industry standpoint,” Whitley says. “Everything that we do as an organization, including this campaign, seeks to earn and re-earn relevance at every touchpoint with consumers — our tribe of C21 ambassadors — and with those looking for a new place to call home.”
The latest ad also celebrates the company’s sweep of the JD Power awards in all four home buyer and seller categories for the third year in a row.
Century 21’s other spots — Good Luck, Robot; House Call; and Master Juggler — will air during the AFC and NFC championship games, and live digitally online via Century 21’s YouTube channel and social media pages.
— By Erica Christoffer, REALTOR® Magazine
Updated on January 2, 2017
Jon Becker -2016 Stats
Associate Broker-Green, SFR, ABR
Quality Service Pinnacle Award 2009-2015
Market/MLS Average Jon’s Average
Days on Market 183 72
Sold % of List price 94.35% 97.67%(+3.32%)
*78% of homes I listed sold in 2016 while the MLS average agent only 68% sold*
*Selling them faster and for more $$$ than MLS/Market average
Posted on December 13, 2016
Near River, Lake, State Land
in Springfield Township, Fife Lake
Announcing a price drop
on B2-A Coster Rd, a
8900 USD .
3.18 Surveyed Acres
Posted on December 9, 2016
• 1,048 sq. ft., 1 bath, 3 bdrm single story – $69,900. Updated 2014 /Double Lot
Kalkaska Township, Kalkaska County – 3 BR 1 Bath on edge of town with downtown shopping, restaurants, school, hospital and Boardman River all within a couple minute drive. Home features large living room, laundry/mud room, new interior and drain field 2014, back deck plus covered front porch & storage shed set on 2 wooded lots with a country feel. (potential to sell extra lot if desired) Cable TV/high speed internet and natural gas available. All for under 70k!
Posted on November 22, 2016
• 1,375 sq. ft., 2 bath, 3 bdrm 1 1/2 story – $95,000. Fixer Upper
Centerville Township, Leelanau County – 3 BR 1.5 Bath 1375 sq. ft. with 2 storage sheds, kids playground area on nice wooded lot at end of cul-de-sac with Sugar Loaf & golfing just around the corner. Home needs TLC but features main floor laundry room & master , nice bright open floor plan for main living are w/cathedral ceilings, stone fireplace/woodstove & most appliances. Short Drive to several lakes, Lake Michigan & Sleeping Bear Dunes & approx. 20-25 minutes to Traverse City. Great opportunity to make it your own and build some equity. Sold ” As Is” . Will not pass FHA, RD, VA financing
Posted on November 22, 2016
East Bay Plaza Expanding; Other Business Openings, Closings
November 22, 2016