Tag Archives: Texas

Hottest Housing Markets for Early 2016

The overall national housing market in January mimicked the traditional seasonal trend of fewer homes on the market and slower sales, however the market is projected to increase into a possible record-breaking Spring season. According to Realtor.com, initial results from January documents positive growth at statistically significant higher numbers than January 2015. This should result in the positive growth in the residential real estate market in 2016, which is the prediction by almost all experts in the field.

Realtor.com noted in their report that the median days in inventory is now 100 days, which calculates to 6% longer to sell in January than in December, 4% faster than January 2015.

Here are the 20 hottest housing markets in January 2016, according to Realtor.com:

  1. San Francisco, California
  2. San Jose, California
  3. Dallas, Texas
  4. Vallejo, California
  5. San Diego, California
  6. Sacramento, California
  7. Nashville, Tennessee
  8. Stockton, California
  9. Denver, Colorado
  10. Los Angeles, California
  11. Santa Rosa, California
  12. Oxnard, California
  13. Palm Bay, Florida
  14. Yuba City, California
  15. Modesto, California
  16. Detroit, Michigan
  17. Midland, Texas
  18. Santa Cruz, California
  19. Tampa, Florida
  20. Fort Wayne, Indiana

And here’s Zillow’s top 10 of the hottest housing markets in 2016.

  1. Denver, Colorado
  2. Seattle, Washington
  3. Dallas-Fort Worth, Texas
  4. Richmond, Virginia
  5. Boise, Idaho
  6. Ogden, Utah
  7. Salt Lake City, Utah
  8. Omaha, Nebraska
  9. Sacramento, California
  10. Portland, Oregon

 

Some Real Estate Fun Trivia

 Q: What 70-room East Coast mansion was built as a summer home and is known as a “Gilded Age cottage”?

A: Cornelius Vanderbilt’s “Breakers” Mansion in Newport, Rhode Island, named for the waves crashing along the cliff that separates the property from the ocean.

 

Q: What trendy and highly unusual hotel must be totally rebuilt every year?

A: Sweden’s popular Ice Hotel, which has 60 double rooms, 25 suites and an interior temperature of 20 degrees, starts melting to the ground in May and is rebuilt every winter.

 

Q: What country of the world has the highest percentage of private housing?

A: Mongolia, where 100% of all properties are owner-occupied.

 

Q: Where would you go to visit the largest ancient castle in the world?

A :You would travel to Prague, Czech Republic, to see the Prague Castle, built in the 9th century, with a total surface area of 18 acres.

 

Q :What is the world’s most expensive Monopoly set?

A :San Francisco jeweler Sidney Mobell created an exclusive $2 million Monopoly set, with solid 23 carat gold houses, chimneys made of rubies and sapphires and dice with 42 full cut diamonds for spots 

Paint My Door Red!

In Scotland, homeowners paint their door red when it is paid off. Well, my door is not quite red yet. Until then, leasing is a great option in the Austin area to determine where you want to live. The whole dynamic atmosphere makes it hard to know if you would really like living in a place until you actually live there. I love the Clarksville area myself, but it is not for everyone. It’s fun finding great spaces for people to lease then help them find that perfect morsel after living there for a while. That being said, there is hope on seeing some light on the horizon on lending and some loosening of more mortgage loans for those of us without pristine credit.

Mortgage lenders could get a lot more willing to extend loans to borrowers with less-than-pristine credit if Fannie Mae and Freddie Mac give them more clarity on what circumstances will trigger demands that mortgage originators buy back loans that go bad, according to the Wall Street Journal reports this week. If their federal regulator goes along, Fannie and Freddie may also roll out new programs allowing them to guarantee some mortgages with down payments of as little as 3 percent. Fannie and Freddie, which require mortgage insurance for most loans with down payments of smaller than 20 percent, will currently buy mortgages in which borrowers have made down payments as small as 5 percent, according to the WSJ Reports.

If you are considering making a move, contact me, and I can help you find some places to call home!