Redding Real Estate – Homes for Sale – The Reasons to BUY NOW!

Reasons to Buyer A Home in 2014

Redding Real Estate – Homes for Sale – The Reasons to BUY NOW!

Let’s talk about the compelling reasons to buy a home in this current market. We have a set of market trends that are good for buying real estate currently. Lower interest rates is the most compelling element and the fact that the long term investment opportunity remains attractive. Here are four reasons to consider buying in this market.

1. Prices Will Continue to Rise

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released recently projects appreciation in home values over the next five years to be between 9.4% (most pessimistic) and 30.8% (most optimistic).

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Increasing

Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of next year.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

3. Either Way You are Paying a Mortgage

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But, what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Home Prices Over the Last Year

Every quarter, the Federal Housing Finance Agency (FHFA) reports on the Year-over-Year changes in home prices. Below you will see that prices are up, year-over-year from the first quarter of 2013 broken down by region.

Home Prices Over the Last Year 2014

 

Looking at the breakdown by state, you can see that each state is appreciating at different rates. This is important to know if you are planning on relocating to a different area of the country. Waiting to move may end up costing you more!

Year Over Year Prices by State 2014

 

Redding Real Estate – Homes for Sale – Future House Prices Will Appreciate.Projected  Mean Percentage Appreciation

A Look into the Crystal Ball — Today, many real estate conversations center on housing prices and where they may be headed. That is why there is tremendous value in the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

 

Cumulative House Appreciation by 2018The results of their latest survey:

  • Values will appreciate by 4.4% in 2014
  • Cumulative appreciation will be 19.5% by 2018
  • That means the average annual appreciation will be 3.6% over the next 5 years.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of almost 9.4% by 2018

Individual opinions make headlines. This survey is a fair depiction of future values.

 

Redding Real Estate – Homes for Sale – Mortgage Interest Rates Remain Good.Mortgage Rates by Decade

“One thing seems certain: we are not likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012.”                 - Freddie Mac, March 24, 2014

There are those that hope that 30-year mortgage interest rates will head back under 4%. Obviously, for any prospective home purchaser that would be great news. However, there is probably a greater chance that interest rates will return to the greater than 6% rate of the last decade before they would return to the less than 3.5% rate of 2012.

Freddie Mac, on their blog, explained that current rates are still extremely low compared to historic averages.

30 Year Fixed Rate MortgagesThe all-time record low – since Freddie Mac began tracking mortgage rates in 1971 – was 3.31% in November 2012. Conversely, the all-time record high occurred in October of 1981, hitting 18.63%. That’s more than four times higher than today’s average 30-year fixed rate of 4.32% as of March 20… rates hovering around 4.5% may be high relative to last year, but something to celebrate compared to almost any year since 1971.”

And Freddie Mac projects mortgage rates will increase going forward.

If you are thinking of purchasing a home, waiting for a dramatic decrease in mortgage rates might not make sense.

 

Redding Real Estate – Homes for Sale – Real Estate Remains the Best Investment

The Gallup organization just released their April Economy and Personal RE Best Long Term InvestmentFinances Poll which asked Americans to choose the best option for long term investment. It was no surprise to us that real estate returned to the top position over other investment categories (gold, stocks/mutual funds, savings accounts/CDs and bonds).

Back in 2011, gold was the most popular long-term investment among Americans. However, with the housing market improving across the U.S. and home prices rising, more Americans now consider real estate the best option for long-term investments.

The poll also revealed that real estate was considered to be the best long term investment by all four subgroups by age and two out of three by income:

By Age Group

First Choice

Second Choice

18-29 years Real Estate 25% Stocks/Mutual Funds 24%
30-49 years Real Estate 34% Stocks/Mutual Funds 23%
50-64 years Real Estate 30% Gold 28%
65+ years Real Estate 31% Stocks/Mutual Funds 28%

By Income

First Choice

Second Choice

$75k and over Real Estate 38% Stocks/Mutual Funds 30%
$30k to $74,999 Real Estate 26% Gold 26%
Less than $30k Gold 31% Real Estate 28%

SUMMARY

Redding Real Estate- Homes for Sale – Home Ownership is Still the American Dream.

A big question facing the real estate industry over the last few years is how the housing crisis would impact the public’s belief in home ownership as a major component of the American Dream. Many felt the tragedy experienced by so many families would force them to reconsider their desire to ever be a homeowner again.

A study by the Joint Center for Housing Studies at Harvard University addressed this question. Their paper, Re-examining the Social Benefits of Home ownership after the Housing Crisis, revealed some interesting findings:

Home Ownership Still Preferred Over RentingHome Ownership Is Still The American Dream

“Even after the dramatic loss of equity and the high foreclosure rates, the early evidence suggests that people seem to believe that, over the long run, owning is still preferable to renting… The long term cultural preference for owning seems to have weathered the recent housing crisis.”

Americans Still Expect to be Homeowners

“The research on home-buying expectations supports the conclusion that very large percentages of Americans still expect to buy a home at some time in the future.”

Younger Americans More Desirous of Home Ownership

“Moreover, the finding that younger renters and owners are more likely than their older counterparts to expect to own bodes well for the future of the housing market.”

Even after one of the most difficult decades in this country’s real estate history, the American dream of home ownership still lives on.

Redding Real Estate – Homes for Sale – The Reasons to BUY NOW–If you have questions on the current real estate market and how your plans or needs may fit, please give us a call and we can talk about making it happen.

Jeanean and David Gendron

866 441-0078

Jeanean Gendron

Remarkable Properties.      Extraordinary Marketing.

Redding Real Estate – Homes for Sale – Marketing the WEB – MARK IT SOLD!

Selling your Redding home is simple. When we bring together the right components to pervasively market your property, the result is that we sell your property. Combine the right price point, beautiful marketing (photos and video), target the right Buyers and pervasively market the WEB,  the result is your property being SOLD. We use 15 websites to target market to the local, regional, national and international markets.

Redding Real Estate – Homes for Sale – Marketing the WEB – MARK IT SOLD – Jeanean and David Gendron – Specializing in Marketing and Selling Homes in Redding California.

What you need is an experienced real estate agent that knows the trending market and understands the power of technology and marketing the WEB. We have over 15 websites that we use to pervasively market your listing on the WEB. We target Buyers looking for the lifestyle and property you have developed. It’s not rocket science, it just connection. 90 percent of Buyers search on-line for the properties they are looking for. We make your listing available so that the right Buyer can find it. Mark it SOLD!

Marketing Luxury

Jeanean and David Gendron – Specializing in Marketing and Selling Homes in Redding California.

We love where we live and work and we love our listings. This is why we specialize in marketing and selling luxury homes that have been developed to the highest and best use of the land. It is a privilege to market a well developed property that promotes a lifestyle Buyers are looking for. It’s not really about a price range but about marketing the lifestyle and the Buyer who will find that it has value.

MARK IT SOLD!

Redding Luxury Homes - Jeanean Gendron

Jeanean and David Gendron

Specializing in Marketing and Selling Homes on the WEB

866 441-0078

Learn more about how we market and sell our listings through the visual experience.

MARKETING VIDEOS

Marketing the Land – Marketing the View – Marketing Luxury – Marketing Lifestyle

SELLERS: FREE MARKET VALUATION–If you are looking to sell your home in Shasta County, CA or in the Redding CA area, we specialize in marketing and selling unique properties. We SELL our listings. With a pervasive web presence (15+ websites/blogsites) we are able to target specific Buyers interested in your property. With the right price point, beautiful marketing and by knowing who our Buyer is, we are able to sell all our listings. We provide the Buyer with the tools, information and knowledge they need to identify and buy the right property here in the North State. We have Buyers contacting us to relocate to the North State daily. MARK IT SOLD!

SELLERS: DOWNLOAD your FREE Guide to SELLING YOUR HOME. Many years of marketing experience and Social Media marketing contribute to this document and how we market and sell our listings. It is our privilege and pleasure to create a WEB presence that SELLS HOMES. It is not rocket science but it takes a seasoned marketer, technology development skills and knowing the market well. Mark it SOLD!

Redding Real Estate - Download Your Free Home Selling Guide

SELLERS: Sign up for FREE MARKET REPORTS VIA EMAIL – We are happy to provide this free service. Stay current on what has sold and for how much in your Community. Your home is an important investment. Be knowledgeable about Market Value. Visit this website for current market reports on specific communities. We cover Redding and Shasta County, Gold Hills, River Bend, Tierra Oaks, Tucker Oaks, Country Heights, Windsor Estates,  and Ridgewood Estates.

Redding Real Estate - Free Market Reports

BUYERS: If you are looking to relocate to the North State download our free RELOCATION GUIDE. It has local demographics and photos of the beauty of the surrounding areas. We love living and working here in Shasta County, California. We are photographers and so we share the beauty with you. We also provide you with a FREE MLS ACCOUNT for ALL ACTIVE LISTINGS IN SHASTA COUNTY, CA. You are able to save searches and receive email notices for new listings. Real time data that helps you understand the market values in Shasta County, CA. We call it Living The Shasta Lifestyle!

Real Estate Resources

Designed to help you know the trending real estate market in Redding and Shasta County California

Featured Listings – Redding and Shasta County Real Estate Resource – How Much Is My Home Worth ~ Search all Homes in Shasta County –  Dream Home Finder – Search for Schools in Redding and Shasta County

Jeanean Gendron

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Visit our main real estate website that provides you with the ability to Search the MLS and to set up A FREE MLS ACCOUNT so that you can save searches and select favorite properties. See all Shasta County MLS Listings in real time. I also have many saved searches for you to take advantage niche markets.

There are saved City Searches and Community Searches for all of Shasta County.

 The Shasta Lifestyle is our blog site where we showcase our photography and the beauty of the North State and why you want to live here.

Here are my websites/blog sites:

REDDING COMMUNITIES

Redding Real Estate Ramblings, ReddingRealEstateHomes.com

UNIQUE PROPERTIES – COUNTRY ESTATES

Western Unique PropertiesNorthern California Unique Properties

California Unique PropertiesWestern Ranch and Land, Redding Unique Properties

LUXURY HOMES

Redding Luxury Homes, Redding Luxury CommunitesThe Golfing Lifestyle

RESALE OCHOA & SHEHAN HOMES

BelAir EstatesCrown MeadowsSummerfield Meadows

New Homes Shasta County

INVESTORS

Redding Real Estate Investor

DISTRESSED PROPERTY

The Gendron REO Connection

The HUD Property Connection

All Rights Reserved © 2014 Jeanean Gendron

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