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Diana Hurst, Broker Owner
Heritage Realty & Management
96136 Piney Island Drive 
Fernandina Beach, FL 32034 

(904) 261-0100 Office 
(904) 261-7393 Fax 

Diana@HeritageAmelia.com

Heritage Realty is a full service Real Estate company serving Amelia Island, Fernandina Beach and all of Nassau County since 1984. You can trust our experienced team of agents with all your Real Estate needs, residential, commercial or investment...from oceanfront homes & condos to new construction and resales.

Is Now a Good Time to Buy a New Home?

There are positive aspects to every market. 

Interest rates are on the rise, but that doesn't mean it's time to hold off. Rates are still much lower than in previous decades. Only five years ago, interest rates were at five or even six percent. If the current trend continues, you may end up wishing you acted sooner. After all, refinancing is always an option if rates drop, but if rates rise, there's nothing you can do to get a lower rate. 

In many areas, the market has changed to a seller's market, meaning there is a high demand for homes and fewer homes on the market. In a seller's market, homeowners selling their homes have the advantage. There are usually more buyers willing to pay higher prices and bidding wars can be common. 

If you're looking to sell your home, you may be in luck. Now may be the time to get a great price and sell quickly. 

Rates aren't the only thing on the rise. The basic principles of supply and demand are driving home prices up in many areas across the U.S. Does that mean you should delay your home purchase? Absolutely not. The sooner you buy a home, the more likely you are to leverage the pricing trend to start building equity. 

Real Estate News!!!

Latest Realty News from NAR

Research Behind the Scenes at the 2019 REALTORS® Legislative Meetings & Trade Expo: Research Committee

On Thursday afternoon, the Research team presented the committee-directed redesigns and findings of several surveys and data projects to the Research Committee..  The purpose of the committee is to focus on market conditions in the real estate industry as well as developments in the general economy and to identify topics on which research and information is needed with an eye to improving the productivity and profitability of REALTOR® firms, state associations, and local boards, and how that data can be utilized.  The committee is comprised of three state or board association staff, 10 residential specialists, 10 commercial specialists (including 1 auction specialist), one REALTOR® appraiser, one AEC Representative, and 15 at-large members.  The Committee is Chaired by Karen Crowson and Vice-Chaired by Joanne Zettl.

Brandi Snowden, Director of Member and Consumer Survey Research, presented the findings of the 2019 Profile of Home Staging to the Committee.  New this year in the report was a discussion of the impact home staging-related TV shows have on consumer staging expectations.

Amanda Riggs, Research Survey Analyst, spoke about the findings of the 2019 Profile of Real Estate Firms, newly redesigned under a directive from the Research Committee.  The report includes new topic areas, such as career direction after staff leave the firm, and whether the firm utilizes virtual assistants.

Nadia Evangelou, Research Economist, and Jessica Lautz, Vice President of Demographics and Behavioral Insights, presented on a tax study and how the reduced SALT deduction will affect taxpayers by each state.  For more on the reduced SALT deduction, click here >

Research Behind the Scenes at the 2019 REALTORS® Legislative Meetings & Trade Expo: Commercial Economic Issues & Trends Forum

On Thursday afternoon on May 15th, NAR Chief Economist Lawrence Yun gave a commercial update to members.  In his update, Yun discussed opportunities and challenges facing the commercial market in the year ahead.

 

Brian Ball, Secretary of Commerce & Trade for the State of Virginia, spoke about the impacts of Amazon HQ coming to National Landing, Virginia.

For a full summary of the outlook, read the news release >

For the presentation slides, click here >

Research behind the Scenes at the 2019 REALTORS® Legislative Meetings & Trade Expo: Residential Economic Issues & Trends Forum

Bright and early on Thursday May 16th, NAR Chief Economist Lawrence Yun presented his economic outlook on current and forecast trends to members attending the 2019 NAR Legislative Meetings & Expo.  In his update, Yun spoke about challenges facing the economy, as well as positive developments that members should watch for.

 

Also speaking were Danielle Hale, Chief Economist at realtor.com, and Dr. Johannes Stroebel, Associate Professor of Finance at New York University.  Hale gave a market outlook and spoke about affordability trends nationally and on state and county levels, and Stroebel spoke about the effect of a potential buyer’s social network on their desire to purchase a home.

For a full recap of the session, read the press release here >

For the presentation slides, click here >

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