Tuesday, April 19, 2016

Over Half of Americans Planning on Buying in the Next 5 Years



Over Half of Americans Planning on Buying in the Next 5 Years | Simplifying The MarketOver Half of Americans Planning on Buying in the Next 5 Years



According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also included other interesting revelations.

Those Looking to Buy

  • 74% of those looking to buy a new home will consult with a real estate agent
  • 59% said they will visit online real estate websites
  • 37% will seek recommendations from friends and family
  • 78% plan to get pre-approved before seriously searching for a home

 Those Who Already Own

  • 75% of current homeowners set a budget before looking for a home, and 16% ended up spending less while 13% went over their budget.
  • 63% of American homeowners spent under six months looking for a new home before they made a purchase.
  • 8% bought their home without participating in an active real estate search - or even any plan to buy at all - because a specific property caught their attention.
The last point is very interesting: Of those who purchased a home, 8% bought “without any plan to buy at all”. A property caught their attention and they acted on it.

Why Are More People Not Planning Their Next Move?

Why are people that are considering a move not putting their home search to a plan, and instead, buying only when a property catches their attention? An article by Fannie Mae reveals evidence that a large number of homeowners are dramatically underestimating the equity they have in their current home. The report explains that:
“Homeowners may be underestimating their home equity. In particular, if homeowners believe that large down payments are now required to purchase a home, then widespread, large underestimates of their home equity could be deterring them from applying for mortgages, selling their homes, and buying different homes.”

Bottom Line

Let's meet up to determine the actual equity you have in your house and to take a look at the opportunities that currently exist in the real estate market. This may be the perfect time to move-up, move-down or buy that vacation home your family has always wanted.

Wednesday, April 6, 2016

Housing Trends Newsletter, March 2016

Perry Peace

Debordieu Colony Real Estate 

129 Luvan Blvd.
Georgetown, SC 29440


Phone: (843) 546-4176 

Housing Trends

March 2016


Use our tools
to find out

Neighborhood reports

Market Snapshot
Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.
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View statistics on population, education, housing, transporation, income, employment, net worth, cost of living and climate.
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Get a report

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Rent vs buy

How big is an acre? What is an option?
Do I need hazard insurance?

Take a look at our real estate glossary to learn definitions of common words and phrases used in the industry.

National market update

Existing-Home Sales Fizzle in February

WASHINGTON (March 21, 2016) — After increasing to the highest annual rate in six months, existing-home sales tumbled in February amidst unshakably low supply levels and steadfast price growth in several sections of the country, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions experienced sales declines in February.



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America's Fastest-Growing Cities 2016

When Nate and Vanessa Quigley were deciding where to build Chatbooks, the photobook startup the married couple founded together, they looked for a place deep with creative and technical talent — preferably, that they could have all to themselves. That ruled out the rocketship-heavy Bay Area, where Nate’s friends running tech companies told him that "if they hiccup even for a second all of their best talent bolts.


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National housing indicators

Existing home sales (February)

5.08 millions units*

Existing home median price (February)

$210,800

Housing Starts (February)

1.178 millions units*

New home sales (January)

0.494 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

4th Qtr 2015

+63.8%

4th Qtr 2014

+64%
The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.

New home sales

February 2016

+2.0%

January 2016

-7.0%
Sales of new single-family houses in February 2016 were at a seasonally adjusted annual rate of 512,000. This is 2.0 percent (+/- 18.8%)* above the revised January 2016 estimate of 502,000.
Source: U.S. CENSUS BUREAU

How much is your home worth? Get a real-time report on the value of your home. Start now

Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time.Read more
Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more
Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

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The 10 Trendiest U.S. Cities That You Can Still Afford to Buy In

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Hey, Homeowners! These Little-Known Tax Deductions Can Save You Thousands

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What Are the Features That Will Make Your Home Fly Off the Market?

Not all homes are equal, and they don't sell equally well, either. Learn which home features are like catnip to buyers, and which totally turn them off.


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3 Nasty Neighbors Who Can Block Your Home Sale—and How to Deal

Whether their yard looks like something out of "Hoarders" or they're just plain rude, the folks next door can make a deal go sour.


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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.

Thursday, March 24, 2016

DeBordieu Golf: 2016 Big South Women's Championship


  
Deb Club header
We are proud to announce that the DeBordieu Club is once again hosting the Big South Women's Golf Championship! The host team for this year's event is High Point University.  All of the golf teams and coaches, including the defending champion Coastal Carolina "Chanticleers", are extremely excited  about returning  for their conference championship at your club.  
The DeBordieu Ladies' Golf Association will again host a hospitality tent and the DLGA officers will soon be recruiting volunteers for the tent. However, we will need other volunteers for live scoring, shuttle drivers, spotters, etc...  If you are interested in helping, please contact the Golf Shop Staff and indicate which days you are available to help. The dates and schedule of events can be found below.  After we have gathered enough volunteers, we will contact you to discuss and assign tasks for the event.
Thank you in advance for supporting the 2016 Big South Women's Championship!
Sincerely,
Matt
What you need to know:
Sunday, April 10th  Practice Round  Member tee-times will be available from 8:00 AM to 10:00 AM.  At 10:00 AM the course and driving range will be closed for the event.
Monday, April 11th  Round 1 starts at 8:30 AM  The course is closed to member play.
Tuesday, April 12th  Round 2 starts at 8:30 AM  The course and driving range will open for member play at approximately 1:30 PM.
Wednesday, April 13th  Final Round starts at 8:00 AM  The course and driving range will open for play at approximately 1:30 PM.
Deb Club footer


Thursday, March 17, 2016

North Inlet Oysters: A Perk of Living on the Coast-Local Dining, a Whole New Definition

A friend (thanks, Terry Guyton) dropped off a special delivery yesterday afternoon. I came home to this pleasant surprise of North Inlet select oysters.
Harvesting oysters can be a casual affair, but it is not for the faint of heart. Casual in that it is easy to launch your boat (or untie it if you own on the creek), go out into our neighboring creeks, pull up to an oyster bank on a really low tide, and harvest oysters. It becomes harder to harvest bucket loads. It is particularly difficult to cull through and "hunt" for select oysters and not just grab the clusters. 
Back to my special delivery...I obliged this generous offering by calling a foodie friend and eating everyone of the oysters. They were delicious.
Creek to table... the seasonal bounty of North Inlet is a wonderful treat  and culinary privilege.





   



Wednesday, March 16, 2016

Lowcountry Adventures

Living at the beach is great, but there are some many great things to do in the Lowcountry of SC. Small adventures are often the best adventures.



Tuesday, March 8, 2016

Housing Trends February 2016 report from Perry Peace

Perry Peace

Debordieu Colony Real Estate 

129 Luvan Blvd.
Georgetown, SC 29440


Phone: (843) 546-4176 

Housing Trends

February 2016


Use our tools
to find out


Neighborhood reports

Market Snapshot
Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.
Get a report

Community reports

Powered by realtor.com®

Enter a ZIP code to create a report. Enter a second ZIP to compare two communities.
View statistics on population, education, housing, transporation, income, employment, net worth, cost of living and climate.
Compare amenities such as public services, places of worship, recreation and leisure facilitles, shopping and restaurants.
Get a report

Find a Mover

Find a Mover

Type of Move
Move date
Moving From Zip
Moving To Zip
Size of Move


Mortgage rates

Powered by thefinancials.com


Mortgage calculator

Market Snapshot
Get a detailed report showing market trends in your neighborhood, including recent listings, sales prices and average time on market.
Get a report

Rent vs buy


How big is an acre? What is an option?
Do I need hazard insurance?

Take a look at our real estate glossary to learn definitions of common words and phrases used in the industry.

National market update

Existing-Home Sales Inch Forward in January, Price Growth Accelerates

WASHINGTON (February 23, 2016) — Existing-home sales crept forward in January to the highest annual rate in six months, and subpar supply levels propelled price growth to the fastest increase since last April, according to the National Association of Realtors®. The West was the only region to see a decline in sales in January.


Read more

The Numbers Are In: Yup, 2016 Is Off to a Good Start in Home Sales

We may be on the verge of spring, but housing and economic reports work on a bit of a lag time. We’ve only just gotten the major data reports for January, and it’s giving us a clear-eyed view of how the real estate market is measuring up this year. And yeah, things are looking good.


Read more

National housing indicators

Existing home sales (January)

5.47 millions units*

Existing home median price (January)

$213,800

Housing Starts (January)

1.099 millions units*

New home sales (December)

0.544 millions units*
*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

4th Qtr 2015

+63.8%

4th Qtr 2014

+64.0%
The homeownership rate in the fourth quarter 2015 was 63.8 percent, down 0.2 (+/- 0.4)* percentage points from the fourth quarter 2014 rate of 64.0 percent. The homeownership rates in the Northeast, Midwest, South and West were not statistically different from the rates in the fourth quarter 2014.

New home sales

January 2016

-9.2%

December 2015

+8.2%
Sales of new single-family houses in January 2016 were at a seasonally adjusted annual rate of 494,000. This is 9.2 percent (+/- 13.5%)* below the revised December 2015 estimate of 544,000.
Source: U.S. CENSUS BUREAU

How much is your home worth? Get a real-time report on the value of your home. Start now


Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 150 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time.Read more
Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more
Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

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A New Approach to the Rent vs. Buy Calculation

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9 Telltale Signs Your Home Is Hopelessly Outdated

Your passé decor may be dragging down your home's value and making it tougher to sell.


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Existing Home Statistics

View statistics based on national data, regional data and data gathered from 159 cities & metropolitan areas.