Confidence in housing is at a new peak, with enthusiasm among sellers soaring, according to the April Fannie Mae Home Purchase Sentiment Index® (HPSI). At 91.7, the Index plowed through its previous record, climbing 3.4 percentage points month-over-month and five points year-over-year.
“The latest HPSI reading edged up to a new survey high, showing that consumer attitudes remain resilient going into the spring/summer home-buying season,” says Doug Duncan, chief economist and senior vice president at Fannie Mae.
What is driving the lift? Americans are optimistic about their prospects for selling, with 45 percent believing now is ideal to list—a high point since the start of the survey. By the same token, almost half (49 percent) of Americans believe home prices will rise—conditions that, for sellers, translate to an upper hand.”
Thanks to RISMedia for a great article to share! For the full article, follow this link:
Today, I thought we’d discuss home inspections. First, because the New York Times just wrote a pretty awesome article that I wanted to share with all of you. Second, because I have a buyer’s inspection today in the beautiful Lake Saint Louis, MO and am hoping for stellar results! Before I share this link with you, I wanted to point out something that I read in it. I saw that the article says that most first time home buyers don’t know that they are responsible for the home inspection and to make sure to make it contingent upon these inspections. While this is TRUE, the standard contract DOES include an inspection contingency. Also, it is the responsibility of your agent to let you know all of these things that you are responsible. Another point I wanted to make is that there are two types of inspections in Missouri that most people are responsible for. The home inspection which is 95% of the time taken care of by the buyer and then the city/occupancy inspection which is taken care of by the seller to make sure everything is up to code and not dangerous! Most of St. Charles County does not require a city inspection (aside from LSL) but most of St. Louis County DOES! Hope this helps you get by a little easier during your home buying process. And remember, Sunshine Realty is ALWAYS here to assist if you need an agent!
Here is the NY Times link that shows you just what to expect during most inspections:
“Home is where memories are created, friends and family belong and laughter never ends.” -unknown
We hope everyone has a fun, blessed AND safe (where did this weather come from?!) Easter! Enjoy this time with those closest to you and remember, our family is always here to help you with your home buying and selling needs!
Today, we’d like to discuss a topic of conversation that has come up several times for both Evelyn and myself this year so far. NEW CONSTRUCTION. It has come to our attention that many buyers do not know that they can even use an agent for new construction. YES, YOU CAN. And even better, WE CAN HELP YOU with incentives, add-ons and throughout the walk through processes! We can make sure you are getting what you pay for and our commission does not hurt you in any way. It is built in to builders package and does not cost you a dime! To explain a bit more, we took to Pinterest and found this gem to help better explain why you should be using an agent to build your new dream home :). Have a Sunshine day and we hope to hear from you soon!
Need help building your dream home? Call Ashley today at 314-313-1773 or our office at 636-336-1330 and ask for Ashley!
Today, we’d like to share some things that we’ve been hearing from people ALLLL over Missouri lately, from both buyers and sellers. When it comes to looking at homes, it is ALWAYS better to search in person before making any big decisions. You get a better feel of set up, room size, subdivision, etc! We found this awesome Pinterest post to help better explain why you should search in person. AND we can help you do that any day, any time! Give us a call today and ask for Ashley Murphy to find out more information on how we can assist you in your home needs!
-The Sunshine Team, your most reliable locally and family owned company for your real estate needs!