Is the Economy a positive factor in YOUR buying decision currently?

Apparently, according to Fannie Mae, the economy is a positive uptick in American’s decision to purchase a home currently. How do you feel about the economy and home sales right now? Give us a call today to see how we can help you save EVEN more with all star and recognized service!

“WASHINGTON, DC – The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased slightly in September, falling 0.3 points to 87.7, reversing August’s increase. The dip can be attributed to decreases in three of the six components, including the mortgage rate and household income components. The net share of Americans who said it is a good time to buy a home rose by 5 percentage points, while the net share who said it is a good time to sell a home remained unchanged. However, the net share who expect mortgage rates to go down over the next 12 months fell 4 percentage points, and the net share of survey respondents who said their household income is significantly higher than it was 12 months ago decreased 3 percentage points. Respondents also expressed a slightly more pessimistic view on job security, with the net share confident about not losing their job falling by 1 percentage point. Finally, the net share of respondents who said that home prices will go up in the next 12 months increased 1 percentage point.”

read more of this article about the economy, rates and homebuyers thoughts here:

http://fanniemae.com/portal/media/corporate-news/2018/september-home-purchase-sentiment-index-6772.html?utm_source=AKZO+Media+Subscribers&utm_campaign=b806c45fd5-EMAIL_CAMPAIGN_2018_10_09_09_03&utm_medium=email&utm_term=0_134f701abc-b806c45fd5-276542805

Have a Sunshine Friday everyone!

Posted by Ashley Murphy McLaren with Sunshine Realty. Reach out to Ashley!

636-336-1330 ask for Ashley Or ashley@sunshinrealtystl.com

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What’s the STATUS?

Hi everyone!

Lately, we have been getting a lot of new buyers, which we LOVE! One of the things they count on us for is to understand the MLS (multiple listing service) and be able to answer any questions they may have.  A common misunderstanding we come across with newbies to the real estate market is not understand status and the difference between the status abbreviations you may see on website such as Realtor, Zillow, Trulia, Homes.com, etc. Here’s a full breakdown from us at Sunshine Realty to help anyone and everyone out for future reference 🙂

A: A means active. Property is available and can be scheduled to be shown.

CN: CN stands for Contingent NO kickout. This means there is a contract on the home and it stands to be a solid contract. All that is pending is the closing of the sale. Most times, home is unavailable to be shown. If it is available to be shown, it should be in agent remarks and it is usually just to accept possible back up offers.

CW: CW stands for Contingent WITH kickout. This one is probably the most confusing to our customers. If a home is contingent WITH a kickout that typically means that the buyers still need to sell their home and the contract is contingent upon that. Most of these have a kickout clause where if a buyer comes in and wants to purchase that home, they can kick the current contract out within 48 hours if the current buyers cannot secure financing.

P: P stands for Pending. Same as CN. Contract on home and is just pending on the closing of the sale. Typically unavailable.

O: O means Option. Same as P and CN,  option is a contract on a specific piece of real estate that allows the buyer the exclusive right to purchase the property. The buyer has the option to buy the property within a certain timeline, however, the seller cannot sell to anyone else in that period.

We hope this is informative for you and that this helps you in your future endeavors. We understand that real estate can be a bit confusing and we are here to help clear any of that up for you as much as we can! Give us a call today, this week, next week or whenever you need us at 636-336-1330 and ask for Ashley :).

Have a Sunshine week everyone! Stay warm in these ranging temps 😉

-The Sunshine Team

FHA Approved Condominiums in STL County!

Did you know that not ALL condominiums support an FHA loan? Here is the current FHA approved condo list for St. Louis County

5330-5360 Pershing Condos

Arbor Creek

Arrowhead

Ashton Place

Autumn Lakes

Barrington Downs

Bexley Station

Blu

Brentwood Forest

Bridgewater Cove

Burtonwood Manor

Cameo

Carriage Parc

Carroll Wood

Cliffridge

Coachlight Townhomes

Conway Meadows

Country Stone Manor

Creve Coeur Crossing

Creve Coeur Station

Crown Loft

Cypress Station

Debaliviere Place West Phase 1

Executive House

Foster Springs

Genesee Park

Geyer Place

Greenbriar

Hanna Place

Hickory Sound

Highlands @ Hickory Sound

Kiefer Creek

Kirkwood Place

Lucerne

McKnight Crossing at Tilles

Mill Crossing

Moreale

New England Village

Parc Lorraine

Parkside

Pershing Avenue

Queen Anne

Railway Lofts

Ridgeview Place

River Oaks

Rossridge

Royal Arms

San Luis

Senate Place

Spring Creek

Spring Hill Farm-D002315 001 142 RESIDENTIAL UNITS

Summer Tree Village

Summit Lofts

The Knickerbocker Condos

The Randolph Condos

Timber Hills Garden Condo

Town Square

Treetop

Trianon at Southwoods

Twin Willows

Union Garden

Victoria Crossing

The Villas at Kenrick

Westport Crossing

Woodland Crossing

Woodside Trails

We hope this is helpful for you in your future buying and selling needs. And Remember, we are ALWAYS here for you when you are ready :). Have a great rest of your week St. Louis!

-The Sunshine Team

STL lands on national list for highest real estate returns!

ST. LOUIS, MO/August 7, 2017 (STLRealEstate.News) HomeUnion, an online real estate investment management firm, released a report this week for usatoday.com in which they ranked the top 20 zip codes in the United States with the biggest return on real estate at this time.  Naturally, St. Louis found its way onto the list, which was configured by identifying zip codes that maximize real estate returns while minimizing risk over a five-year horizon.  The firm went onto examine school quality and neighborhood attractiveness for single-family rentals over the five-year period.

“HomeUnion Research Services looked at more than a dozen attributes that characterize a neighborhood including crime, schools, white-collar jobs, unemployment, home-ownership, permitting activity, and more,” said Steve Hovland, director of Research for HomeUnion.  “Based on those attributes, we forecast appreciation, vacancy, and rent changes over the next five-years.”

The study also calculated Annualized Total Return, which includes HomeUnion’s projections for how much the value of single-family rentals will appreciate and how much cash flow they’re expected to generate in the future.  HomeUnion’s model, according to Hovland, can determine the price and rent for every single-family home within a specific zip code while enabling them to predict the price and rent in five-years.

Americans are known for investing in real estate for flipping a profit over a certain time period.  Therefore, knowing a zip code and its predicted appreciation rate is a critical tool for those looking to invest in 2017 and 2018.  To mitigate the risks, investors should focus assets that can maintain value even during downturns.

Number 20 on the list kicks off with North Indianapolis, Indianapolis with annualized total returns at 5.4%.  Next comes North Hollywood, California with a 5.4% annualized return as well.  Jumping up to number 17, Maryland Heights, St. Louis clinches the spot with 5.5% returns.  Number one is Hamptons at Boca Raton, Florida.”

Thanks to stlrealestate.news for the information!

We LOVE checklists…

Here is a helpful checklist for all you buyers who found the perfect house in a very heavy market thanks to Old Republic Title and Pinterest! Hope it helps! Have a Sunshine day!!

-The Sunshine Team

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15 yr VS 30 yr loan

Good morning Sunshiners!

We’ve had several clients lately ask about the difference between a 15 yr loan versus a 30 yr loan. While we are not experts in this area (want even more info? Contact your loyal lender), we found this chart a perfect tool to help explain the main differences! Pretty interesting to think about! See below :). Have a Sunshine day everyone!

Always admiring,

Sunshine Team: Ashley, Evelyn & Dana

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First Time Home Buyer Tips

Check out this blogger and post about buying a home in your 20’s. Sunshine Realty knows your first time buying a home can be both difficult and nerve-racking. This woman has AMAZING tips on how to help you budget and stay sane all around.

Happy Reading 🙂

http://mrandmrswinslett.blogspot.com/2013/07/how-to-buy-house-in-your-20s-part-one.html

Have a great day!

 

-Sunshine Realty Team