Thursday, February 2, 2017

2016 HOUSING DATA

2016 was the best year for existing home sales in the past decade, according to the National Association of Realtors®.
Previously, 2015 had the best year in the past decade for existing home sales with 5.25 million, but 2016 saw sales of 5.45 million, the highest it has been since sales hit 6.48 million in 2006. Sales slipped a bit in December 2016, but still saw an increase of .7 percent from December 2015.

The median existing-home price in December 2016 was $232,200, an increase of 4 percent from December 2015’s average of $223,200.
“Solid job creation throughout 2016 and exceptionally low mortgage rates translated into a good year for the housing market,” he said. “However, higher mortgage rates and home prices combined with record low inventory levels stunted sales in much of the country in December,” said Lawrence Yun, NAR’s chief economist. “While a lack of listings and fast rising home prices was a headwind all year, the surge in rates since early November ultimately caught some prospective buyers off guard and dimmed their appetite or ability to buy a home as 2016 came to an end.”
Housing inventory continues to remain an issue. In December, inventory fell to 1.65 million, a decrease of 10.8 percent from November,and the lowest NAR has seen since it began the reports in 1999. Properties were on the market for an average of 52 days, representing an increase of nine days compared to November, but a decrease of six days from December 2015.
Throughout 2016, nearly one-third of buyers were first-time homebuyers, a number that remained consistent throughout the past two years.

Region-wise, in the Northeast, the median price was $245,900 in December 2016, a 3.8 percent decrease from December 2015. Additionally, sales slipped 6.2 percent in December to an annual rate of 760,000, an increase of 2.7 percent, compared to 2015.

Tuesday, November 8, 2016

12 Home Repairs That Are Way Too Risky to Put Off

Nobody ever cheers at the thought of tackling home repairs. They’re annoying, costly, time-sucking endeavors. So often we put them off, over and over, justifying to ourselves that they can wait. Light switch doesn’t work? Whatever—you never go in that room anyway. Squeaky floors? You’re already used to them!
But there are some home improvement projects that simply can’t wait, lest you risk much bigger problems (and costly expenses) down the line. Here are 12 home repairs experts say you should never put off:

1. A leaking roof

If you see water stains on your ceiling or down your walls, get moving on the repair stat—there are a host of problems that can arise and get progressively worse with a leaking roof.

“Not repairing a leak as soon as you notice it can lead to mold, damage to the structure of your home, water damage, and even fire if water comes in contact with electrical wiring,” says Carlos de León, vice president of the León Group, an estate management company on Long Island, NY. Scared yet? Good.

2. Damaged or missing shingles

This one seems obvious, but Derek Perzylo, owner of Big 5 Exteriors in Calgary, Canada, says he regularly encounters homeowners who have never had their roof inspected.
“After a big storm, especially if there’s a lot of gusting wind and hail, it’s always a good idea to visually inspect your roof,” he says. “If you see shingles out of place, or if you see shingles on the ground, you might have some damage that could cause potential problems, like leaks, down the road.”

3. Sagging roof

Roof sagging can be caused by moisture in the attic space, says Joe Todaro, director of operations at Gold Medal Service in East Brunswick, NJ. If left untreated, the structure of the wood will weaken and settle, causing cracks in the exterior walls. Proper ventilation is essential for an attic.

4. Cracks in the foundation

Your home’s foundation may develop small cracks over time, and it’s best to address them to prevent spreading. Otherwise you might have to replace the foundation, which can cost as much as $100,000. Large cracks that go unaddressed can lead to everything from leaking to parts of the concrete collapsing.
“The damage could be life-threatening if your home is not supported properly,” León says.

5. Gas leaks


Since natural gas and propane are heavier than air, they “pool” in the low points of your home. The second you smell gas (a telltale rotten egg–like smell), call your gas company and vacate the premises until a company worker arrives.
“You risk having an explosion or fire by not doing something about a gas leak immediately,” León says.

6. Plumbing leaks

Leaking water can lead to mold, structural problems, and health issues. Homeowners should check under sinks at least once a year to ensure no water is leaking into the cabinets. If you see any, call a plumber right away.

7. Mold

Is there good mold and bad mold? Not really. When you see it, deal with it. And simply having a “mold remediation” company come in to assess things is not the entire answer, says Jeff Wilson, HGTV host and author of “The Greened House Effect.”
“The reason the mold formed in the first place needs to be sussed out and the problem fixed by a building science professional trained by an organization like Building Performance Institute,” he says.
So just to be clear: While not all molds are life-threatening, all of them—even the ubiquitous shower mold—can potentially make you sick. So it’s best to be aggressive no matter what kind you see.

8. Overtaxed or poor electrical systems

More than 40,000 electrical fires occur each year in the United States. And most of them could have been easily avoided. Some warning signs of faulty electrical work include circuit breakers blowing unexpectedly, lights flickering, and outlets and/or switches being warm or hot to the touch. Not calling an electrician can result in your home catching fire. Got it? Call the electrician.

9. Clogged gutters

Clogged gutters are easy to ignore, but they can cause substantial damage to your home if you don’t make it your business to keep them clean.
The role of gutters and drainpipes is to draw rainfall away from the home. If they’re stopped up, water begins to pool in vulnerable areas. You’ll face a higher risk for wood rot around the fascia and for foundation damage in low, sloped areas around the perimeter of your home.
Homeowners should clean out their gutters twice a year and water test them with a garden hose afterward. Make sure the water travels easily through the gutter system, into the drainpipe, and away from the home’s foundation.

10. Cracked driveways

Most driveways are pitched to direct water away from your foundation. If there are cracks and settling in your driveway, not only are they a tripping hazard, they could also lead to possible water damage in your home.

11. Damaged decks

The No. 1 danger spot with decks is when there’s worn or missing flashing, the thin layer of material that keeps water from getting into places it doesn’t belong. Without flashing, water can get into the ledger board (which connects the deck to the house) and weaken the wood and metal fasteners that hold the deck together. And if a weakened deck is overloaded, it can have expensive—if not deadly—consequences.

12. Clogged dryer vents

Removing the lint from your dryer vent isn’t just one of those things your mama nagged you to do. It could mean the difference between life and death.
“It’s not a big project by any means,” says Aaron Rovner, vice president of business development at ServiceWhale in Trevose, PA. “But if you allow lint and other fabric to sit in a dryer vent, it will ultimately cause an airflow and exhaust backup that will turn into a major fire hazard.”
So you have your work cut out for you. The good news is that you don’t have to do many of these repairs frequently. But when you see warning signs, get going pronto—or risk bigger problems down the road.

Saturday, October 29, 2016


Inventory is Down
Sales are Up
Prices are Consistent
Sale to List $ is Up
Thinking of a move? The timing may be right for you!


Thursday, October 27, 2016

13 HOUSE MAINTENANCE TIPS FOR FALL

  1. Check around the windows and the doors for air leaks and seal with weatherstripping; replace windows if necessary
  2. Check the flue on your fireplace and make sure it’s closed if you’re not using it. Clean fireplace and chimney regularly
  3. Replace the filter on your heater monthly for improved efficiency
  4. Service Contract for your HVAC System at least 4 times per year
  5. Check on your Hot Water Heater and wrap with insulation (lifetime use is about 9 years-replace if necessary)
  6. Get an automatic thermostat with programmable set back feature to adjust when you’re not at home or when you retire
  7. Do an exterior inspection and make sure that downspouts clear your foundation preventing water seepage damage
  8. Install gutter guard screens to prevent clogs from leaves and potential ice damming
  9. Keep leaves and mulch away from the foundation to help reduce potential termite infestation-have Termite Control Service contract
  10. Thin trees of dead branches, especially those that cause roof damage
  11. Clean debris from sliding door tracks so that they close securely
  12. Install smoke detectors change batteries – some townships now require smoke detectors in each of the bedrooms
  13. Seal/repair driveways and walkways to prevent freeze/thaw damage

Wednesday, October 26, 2016

25 Pre-Holiday Weight Loss Tips

This is the time of year when many people gear up to lose weight.....before the holidays begin.  Here are 25 tips that may be of help if you're staring at the scale in dismay. If the list of 25 seems daunting, add them into your routine 5 at a time. Don't overwhelm yourself.
Q: How do you eat an elephant? A: One bite at a time.

1. Set a realistic weight-loss goal. Most experts recommend aiming for half a pound to 2 pounds a week.
2. Keep track. Dieters who keep track of everything they eat lose twice as much weight as those who don't, research shows.
3. Motivate yourself. Get a pair of jeans or pants that are too tight and hang them in the kitchen instead of the closet to keep yourself inspired.
4. Get help from family and friends. Dieters who have support from a partner at home lose more weight than those who don't, studies show.
5. Move it to lose it. Research shows that people who do physical activities such as walking or biking for two to four hours a week during weight-loss efforts lose an extra 3 to 5 pounds over a year.
6. Pay attention to portions. A 3-ounce portion of meat, poultry or fish is about the size of the palm of your hand or a deck of cards; 1 teaspoon of butter or margarine, a standard postage stamp; a cup of cold cereal, berries or popcorn, a baseball; 4-inch pancake or waffle, the diameter of a CD.
7. Clean out your pantry and refrigerator. Get rid of the foods that sabotage your weight loss.
8. Create "a dinner deck." This would include 10 favorite quick and healthful dinners written on index cards. Each card should list the ingredients for the recipe on one side and directions for making it on the other.
9. Avoid hunger. Eat regular meals and snacks. Make sure you have some protein foods such as yogurt, tuna, beans or chicken for most meals. Some research suggests that protein helps you feel full longer.
10. Keep produce on hand. Place a bowl of vegetables such as broccoli, snap peas, cucumbers or carrot sticks in the refrigerator. You can eat them as a snack or when preparing meals to take the edge off your hunger.
11. Stock up on "impulse fruits." Keep things like grapes, clementines, small apples, small bananas and pears around the house. These foods are easy to eat without having to do much cutting and slicing.
12. Make some stealth changes. That will get everyone in the family eating healthier. Buy low-fat 1% or skim milk, low-fat cream cheese and reduced-fat cheese instead of the full-fat versions. Use them in recipes to cut the fat and calories.
13. Cut out liquid calories. Eliminate soda and sugary drinks such as sweetened iced tea, sports drinks and alcoholic beverages. Liven up the taste of water by adding lemon, lime, cucumber or mint.... or my favorite, the new product Mio. Choose skim and 1% milk.
14. Practice the "Rule of One." When it comes to high-calorie foods, you won't go wrong if you allow one small treat a day. That might be one cookie or a fun-sized candy bar.
15. Pace, don't race. Force yourself to eat more slowly and savor each bite.
16. Hydrate before meals. Drinking 16 ounces, or two glasses, of water before meals may help you eat less.
17. Downsize plates, bowls, glasses, silverware. Using smaller versions of your serving ware will help you eat less food naturally.
18. Adopt the motto "after 8 is too late" for snacks after dinner.
19. Buy a pedometer. Health experts recommend taking at least 10,000 steps a day, which is roughly 4 to 5 miles, depending on your stride length.
20. Treat yourself occasionally. If your chocolate craving is getting to you, try diet hot-chocolate packets. If you need a treat, go out for it or buy small prepackaged portions of ice cream bars. If you love chocolate, consider keeping bite-size pieces in the freezer.
21. Dine at a table. Eat from a plate while seated at a table. Don't eat while driving, lounging on the couch or standing at the fridge.
22. Dine out without pigging out. Figure out what you are going to eat in advance. Get salad dressing on the side. Restaurants usually put about one-quarter cup (4 tablespoons) of dressing on a salad, which is often too many calories. Best to stick with 1 to 2 tablespoons. Dip your fork into the dressing and then into the salad.
23. Get plenty of sleep. Scientists have found that sleep deprivation increases levels of a hunger hormone and decreases levels of a hormone that makes you feel full. The effects may lead to overeating and weight gain.
24. Weigh yourself regularly. That's what successful dieters and those who manage to maintain weight loss do. Some step on the scales once a week. Others do so daily.
25. Reward yourself. When you meet your incremental weight loss goals, say losing 5 pounds, treat yourself to something — but not food. Buy a CD or DVD you've been wanting or go out to a movie with a friend

Sunday, October 23, 2016

Most Americans think home buying is a “good financial decision”

Has activity in the housing market increased? Nearly half of Americans in the top 50 Metropolitan Statistical Areas (MSA) believe so.
NAR recently released the results of their eleventh Housing Pulse Surveys, which showed 85 percent of Americans think purchasing a home is a good financial decision, with 73 percent “strongly” agreeing.
However, concern about housing costs still exist, but are improving. Of those surveyed, 76 percent say they do not make enough income to make housing affordable, despite a full-time job. Meanwhile, 59 percent are concerned about high rental prices, and 49 percent are concerned about high prices for homes in their area.
College debt still haunts many would-be home buyers. Seventy-eight percent, especially millenials, of those surveyed said their student debt is their biggest obstacle to homeownership.
Of respondents, two-thirds believe that house prices are more expensive than 2015
, which concerns them. Of the top 25 MSAs, 41 percent say the lack of available housing that is affordable is a problem, which is an increase since 2013.
Yet, 61 percent of current renters claim that they would like to eventually own a home, and it’s one of their highest personal priorities. That is an increase of 11 percent from 2013.
And 68 percent believe that it is now is a good time to buy a home. With rents continuing to rise, many renters are feeling the financial strain on their budget. Of millenials, 65 percent are concerned about the high cost of rent on their budget. Eighty-eight percent of respondents believe the housing market will grow, or at least remain the same.
And the top three reasons to own a home, according to the results? Home ownership means the money you spend on housing goes towards building equity, rather than to a landlord; home ownership creates the opportunity to live in a neighborhood that you enjoy; and home ownership provides a stable and safe environment for children and other family members.