Fields of Real Estate Sales & Construction
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January Newsletter

January 2015

FIELDS OF REAL ESTATE

NEWS YOU CAN USE

Happy New Year!! 2015, sounds so futuristic, like a Sci Fi movie, but here we are! Our hope is that it will be a prosperous and spectacular year for you and yours. We wish you health, happiness and laughter. 

Our team is ready to help you with all of your real estate needs. Whether you want to sell, buy or just find the value of your property, give us a call. 

Still time to build on one of the fabulous Duck Creek Estates lots. Be in your new home for Easter! We have several prime lots waiting for homes. 

If you are in the market for an existing home. please check our web site to see a list of  properties. I an sure you can find one that is a great fit for you. We will be adding more to the list in the coming weeks.

 

        


Whoever is careless with the truth in small matters cannot be trusted with important matters.

Albert Einstein


WHAT IS IN STORE FOR 2015 

While the U.S. housing market and home lending levels in 2014 continued an uneven recovery from the Great Recession of 2008-2009, the coming year could see many of those gaps finally filled in as economic and job growth in the U.S. accelerates and consumers benefit from low inflation thanks to plunging gasoline and energy prices.

So if you’re buying or selling a home in 2015, or looking to make an investment in real estate, here are some things to watch for in the coming year.

Better market for buyers

For middle class home buyers in the U.S., 2015 should be a better year with more inventory coming on the market, according to Jed Kolko, chief economist with Trulia.com in San Francisco. With recent home-price appreciation expected to begin to flatten out, current owners will have incentive to sell before prices dip again, Kolko said.

The median sales prices for single family homes in 2014 was an estimated $217,300 up 4.9% from 2013, when the median sales price was $197,400, according to the National Association of Realtors.

“Lots of people have gotten back above water, so that’s good news for buyers,” as more homes will be placed on the market, he said.

Dan Levy of CityRealty, a real estate sales search website in New York City, says that low interest rates, a booming stock market and a strengthening economy, plus foreign investors’ continuing interest in American real estate, will create almost “the perfect storm” for real estate in 2015: “The market is as healthy and people are as bullish as I’ve seen in 20 years.”

Mortgage rates to stay low

Mark Livingstone, a mortgage broker and president at Cornerstone First Financial in Washington, D.C., says he sees a prosperous 2015 ahead, and he plans to add to his staff of mortgage officers as a result. The key factor? “Interest rates are going to stay low because of geopolitical unrest, and that will keep inflation in check, along with lower oil prices. That will translate into more buyers starting as soon as February,” he said.

While the surprise of 2014 was interest rates that stayed low and even dipped below 4% (for 30-year fixed mortgages), some lenders note that low interest rates have yet to translate to higher volume of home sales, especially in entry-level markets, as many industry insiders say credit standards remain too tight in the aftermath of post-crash financial reforms.

“I would trade higher interest rates for additional liquidity,” says Anthony Hsieh of Loan Depot in Foothill Ranch, Calif. “We have low rates, and very bad volume. There’s not a lot of excitement at the moment,” he said.

Daren Blomquist of RealtyTrac says the industry is “addicted” to low rates, and he worries that a sudden spike in interest rates could price a lot of new buyers out of the market. In some markets, prices have risen beyond pre-crash levels, and in markets like New York and San Francisco “the level of un-affordability is back to where it was before the “crash”. So the news is good, low rates to continue, so now is truly the time to buy!!!

Luckily we live in WI where we have good inventory and LOW rates!! Plus fair housing prices.

  

         Fill each day with life and heart. There is no pleasure in the world

                  comparable to the delight and satisfaction that a good person

takes in doing good.

John Tilloston


JANUARY SPECIALS!!!

SELLERS:

We will sell your home for a special 4% commission if listed in January.

BUYERS:

We will pay $100.00 towards closing costs for any January closing.

Have a great year, God Bless and Happy New 2015~~~!!!!!


       

Fields of Real Estate Sales & Construction
N2657 County Rd N
Appleton, WI 54913
Office (920) 358-9003  Fax (920) 687-0358
Kris' Cell (920) 707-3002
Judy's Cell (920) 242-0423
Contact us for more details!