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Seminole County, FL Real Estate News

By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Have you heard the term “Silver Tsunami” getting tossed around recently? If so, here’s what you really need to know. That phrase refers to the idea that a lot of baby boomers are going to move or downsize all at once. And the fear is that a sudden influx of homes for sale would have a big impact on housing. That’s because it would create a whole lot more competition for smaller homes and would throw off the balance of supply and demand, which ultimately would impact home prices.But here’s the thing. There are a couple of faults in that logic. Let’s break them down and put your mind at ease.Not All Baby Boomers Plan To MoveFor starters, plenty of baby boomers don’t plan on moving at all. A study from the AARP says more than half of adults aged 65 and older want to stay in their homes and...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Buying a home this spring? You’re probably navigating today’s affordability challenges and dealing with the limited number of homes for sale. But, what if there was a solution that could help with both?If you’re having a hard time finding a home you love, and mortgage rates are putting pressure on your budget, it may be time to look at newly built homes. Here’s why.New Home Construction Is an Inventory Bright SpotWhen looking for a home, you can choose between existing homes (those that are already built and previously owned) and newly constructed ones. While the number of existing homes for sale has increased this year, there are still fewer available than there were in more typical years in the housing market, like back in 2018 or 2019.So, if you’re looking to expand your pool of opti...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Are you thinking about making a move? If so, now may be the perfect time to start the process. That’s because experts say the best week to list your house is just around the corner.A recent Realtor.com study looked at housing market trends over the past several years (with the exception of 2020, since it was an unusual year), and found the best week to put your house on the market this year is April 14-20:“Every year, one week stands out from the rest as that perfect stretch of time when it’s great to be a home seller. This year, the week of April 14–20 is the best time to sell—that is, if sellers want to see lots of interest in their homes, sell quickly, and pocket some extra cash, according to Realtor.com® data.”Here’s why this matters for you. While the spring market is a great time ...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
In today's housing market, more and more single women are becoming homeowners. According to data from the National Association of Realtors (NAR), 19% of all homebuyers are single women, while only 10% are single men.If you're a single woman trying to buy your first home, this should be encouraging. It means other people are making their dreams a reality – so you can too.Why Homeownership Matters to So Many WomenFor many single women, buying a home isn't just about having a place to live—it's also a smart way to invest for the future. Homes usually increase in value over time, so they’re a great way to build equity and overall net worth. Ksenia Potapov, Economist at First American, says:“. . . single women are increasingly pursuing homeownership and reaping its wealth creation benefits.”...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Some Highlights In real estate, a good first impression is key. If the outside of a house looks welcoming, more people will want to come in and see it. Your agent helps you by giving advice on what you may want to prioritize, finding easy fixes that make a big difference, knowing what buyers in your area like, and showing off your updates in your listing. Let’s connect so you have expert advice on what'll have the biggest impact in our area.   Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 641-1531Fax: (407) 205-1951email: info@phphouses.comLet’s Connect:FacebookLinkedinTwitterInstagramThe information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the acc...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when the Fed met last week, a cut didn’t happen — at least, not yet.  There are a lot of factors the Fed considered in their recent decision and most of them are complex. But you don’t need to be bogged down by those finer details. What you really want is the answer to this question: does that mean mortgage rates aren’t going to fall? Here’s what you need to know.  Mortgage Rates Are Still Expected To Drop This Ye...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Some Highlights Trying to buy your first home? If you’re worried about affordability today or the limited number of homes for sale, these tips can help. Look into homebuyer programs, expand your search area, and consider a multi-generational home. Let’s connect so you have an expert on your side to help you make your dream a reality.  Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 641-1531Fax: (407) 205-1951email: info@phphouses.comLet’s Connect:FacebookLinkedinTwitterInstagramThe information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as in...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
If you’re planning to move soon, you might be wondering if there'll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market. If so, here's what the professionals are saying about what’s in store for this season. Odeta Kushi, Deputy Chief Economist, First American: “. . . it seems our general expectation for the spring is that we will see a pickup in inventory. In fact, that already seems to be happening. But it won’t necessarily be enough to satiate demand.” Lisa Sturtevant, Chief Economist, Bright MLS: “There is still strong demand, as the large millennial population remains in the prime first-time homebuying range.” Danielle Hale, Chief Economist, Realtor.com: “Where we are right now is the best of both worlds. Price increases are ...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Thinking about selling your house and wondering if now’s a good time to do it? Here’s what you need to know. Even though the number of homes for sale has been growing this year, there still aren’t enough homes on the market for all the buyers who want to buy.So, what does that mean for you? To keep it simple, it means it’s still a seller’s market. Here’s how it works: A neutral market is when supply and demand is balanced. Basically, there are enough homes to meet buyer demand based on the current sales pace, and home prices hold fairly steady. A buyer’s market is when there are more homes for sale than there are buyers. When that happens, buyers have more negotiation power because sellers are willing to make compromises to close the deal. In a buyer’s market, sellers may have to do pri...
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By Joyce Marsh, Joyce Marsh Homes
(Joyce Marsh Real Estate LLC)
So, the kids have flown the coop, and suddenly you find yourself in a house that once felt like it was bursting at the seams.  It's quite frankly, an old age question for empty nesters, should you downsize or not?  Downsizing isn't just about square footage or financial considerations.  It's about the lifestyle.  It's about finding a home that fits your current needs and future needs.  Whether that means staying put or embarking on a new adventure, more manageable space, the choice is yours.  As someone who's been there, let me share some genuine insights, and my thoughts about the subject. First and foremost there is the liberation from the responsibilities of maintaining a larger property.  Downsizing reduces the burden of upkeep, from cleaning to gardening and allows you more time fo...
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By Joyce Marsh, Joyce Marsh Homes
(Joyce Marsh Real Estate LLC)
Ideas for creating an Eclectic Interior with Vintage Flair.Over the years, I have had the pleasure of decorating many homes with a unique blend of southern charm and an eclectic style.  As a luxury real estate professional and Interior Designer I have not only helped to decorate many beautiful homes, but also have worked with sellers to successfully list and sell their properties.An eclectic interior offers homeowners the opportunity to create a space that is timeless and can be filled with their own personal touches.By carefully selecting high quality furnishings, and investing in pieces with classic lines, additional pieces can be added in for an interesting mix.Furnishings that constructed with fine craftsmanship ensures longevity,  and a more timeless appeal.A beautiful neutral colo...
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By Joyce Marsh, Joyce Marsh Homes
(Joyce Marsh Real Estate LLC)
Aging in place, the concept of growing older in thefamiliar comfort of one's own home.One of the most notable advantages is the preservation of independence. Retaining autonomy in familiar surroundings fosters a sense of control and self-reliance.  These are crucial elements for the emotional well-being among seniors. Aging in place often translates to a higher quality of life. The emotional connection to one's home and community cannot be overstated. Seniors can maintain relationships with neighbors, friends, and local support systems.   Familiarity with medical services, clubs, and social activities. Seniors prioritize features that promote safety, accessibility, and comfort These all contribute to a robust social life that promotes mental and emotional health.Adapting a home to accom...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
If you're thinking about moving, it's important to know what's happening in the housing market. Here's an update on the supply of homes currently for sale. Whether you're buying or selling, the number of homes in your area is something you should pay attention to.In the housing market, there are regular patterns that happen every year, called seasonality. Spring is the peak homebuying season and also when the most homes are typically listed for sale (homes coming onto the market are known in the industry as new listings). In the second half of each year, the number of new listings typically decreases as the pace of sales slows down.The graph below uses data from Realtor.com to provide a visual of this seasonality. It shows how this year (the black line) is breaking from the norm (see gr...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Some Highlights If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year.   Based on typical seasonality in the market, prices go up most in the spring during the peak buying season, and then price growth slows down as the year goes on. Home prices aren’t falling. They’re just rising slower and going back to normal seasonal trends. That’s a good thing. If you're curious about prices in our area, let’s connect.  Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 641-1531Fax: (407) 205-1951email: info@phphouses.comLet’s Connect:FacebookLinkedinTwitterInstagramThe information contained, and the opinions expressed, in this article are not intended to be construed as i...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
In today's world of rising housing costs, many buyers are looking for ways to still be able to buy a home. Some of them have found a solution in multi-generational living.Multi-generational living is when two or more adult generations live together under one roof. This includes siblings, parents, or even grandparents. Here’s an in-depth look at why more buyers are choosing this option today, so you can see if it may be right for you too.Reasons To Buy a Multi-Generational HomeAccording to a recent study  by the National Association of Realtors (NAR), the top two reasons people are opting for multi-generational homes today have to do with affordability (see graph below): Cost Savings: About 28% of first-time buyers and 11% of repeat buyers are deciding on a multi-generational home to sav...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Some Highlights When deciding between buying a home or renting, think about these three important factors. Buying a home means avoiding rising rents, owning a tangible and valuable asset, and growing your wealth over time. If you’re ready to enjoy the advantages of owning a home, let’s connect to discuss your options.  Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 641-1531Fax: (407) 205-1951email: info@phphouses.comLet’s Connect:FacebookLinkedinTwitterInstagramThe information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice....
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says: “Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market.” So, ask yourself this: why did I want to move in the first place? Chances are your primary motivation wasn’t just financial in nature. Why you’re really thinking about selling likely has more to do with something changing in your life or a shift in what you need out of your ...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Over the last year, the housing market’s gone through significant change. While it’s still a sellers’ market, homes that are priced right are selling, and they get the most attention from buyers right now. If you’re thinking of selling your house this spring, it’s important to lean on your expert real estate advisor when it comes to setting a list price. As Realtor.com explains:“Move-in-ready homes with curb appeal and in desirable areas—and that are priced to sell—are especially likely to move quickly this spring.”In today’s market, how you price your house will not only make a big difference to your bottom line, but to how quickly your house will sell.Why Pricing Your House Right MattersYour asking price sends a message to potential buyers, especially today.If it’s priced too low, you...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to make your best offer. 1.Lean on a Real Estate Professional Rely on an agent who can support your goals. As Bankrate notes: “. . . select the best real estate agent for your needs. They will be a critical part of your home buying process.” Agents are local market experts. They know what’s worked for other buyers in your area and what sellers may be looking for in an offer. It may seem simple, but catering to what a seller needs can help your offer stand out. 2.Know Your Budget Understanding your budget is especially important right now. As Sandy Higgins, Senior Wealt...
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By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one.A great way to ease some of those emotions and ensure you’re feeling confident in your decision is to keep these three best practices in mind.1. Price Your Home RightThe housing market shifted in 2022 as mortgage rates rose, buyer demand eased, and the number of homes for sale grew. As a seller, you’ll want to recognize things are different now and price your house appropriately based on where the market is today. Greg McBride, Chief Financial Analyst at Bankrate, explains:“Price your home realistically. This isn’t the housing market of April or May,...
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