The Truth About Homeowner Equity – Why some Homeowners think they still can’t sell

A recent article from a reputable news source was titled: “Here’s why some homeowners still can’t sell”. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance.

Inventory Mismatch – A Tale of Two Markets: A 6-Month Update

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. Above the threshold, it’s a buyer’s market. Below the threshold, it’s a seller’s market.

Do You Know the Cost of Renting vs. Buying? [INFOGRAPHIC]

Do You Know the Cost of Renting vs. Buying? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Historically, the choice between renting or buying a home has been a close decision.
  • Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

Ready to put more money in your pocket every month, and build equity?  Call me now!

(813) 489-9789

Zach@ZachKidd.com

The Veteran Realtor®.

Serving the Florida Suncoast, including Dunedin, Gulfport, South Pasadena, St. Petersburg, St. Pete Beach, Treasure Island, and nearby areas.

How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC]

Some Highlights:

  • The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
  • Anything under a 6-month supply is a Seller’s Market!
  • There has not been a 6-months inventory supply since August 2012!
  • Buyer Demand continues to out-pace Seller Supply!

How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC] | Simplifying The Market

How does the current Supply & Demand affect you?

In a hot seller’s market, it’s more difficult to buy because there will be a lot of competition for each listing (theoretically, at least).

This is great news for sellers!

But typically, if you are selling your home, you’ll also be buying another home.  That means you too will be competing in a hot market.

Be smart and be ahead of the game. Contact a Realtor first, and focus on buying your next home BEFORE you sell your current home.

(813) 489-9789

Zach@ZachKidd.com

The Veteran Realtor®.

Serving the Florida Suncoast, including Dunedin, Gulfport, South Pasadena, St. Petersburg, St. Pete Beach, Treasure Island, and nearby areas.