Call Imagination Realty (Kathleen Carlson, Owner/Broker) for more details!
Call Imagination Realty (Kathleen Carlson, Owner/Broker) for more details!
Demand is being boosted by mortgage rates near record lows, says NAHB’s chief economist
New-home sales rose in April as Americans went on a buying spree as soon as state lockdowns were lifted.
Builders sold 623,000 houses at an annualized and seasonally adjusted pace, a gain of 0.6% from the revised March rate of 619,000, the Commerce Department said Tuesday in a report that records signed contracts as sales. Economists had expected sales would drop for a third consecutive month in April because of the economic shock caused by the COVID-19 pandemic.
“I was among the group expecting to see a decline in sales, but instead we’re seeing the stabilization of the housing market in April,” said Robert Dietz, chief economist for the National Association of Home Builders. “March may have been the low point.”
New-home sales are being boosted by mortgage rates near the lowest levels ever recorded, said Dietz. It’s helping to overcome “headwinds” such as a spike in the jobless rate and a tightening in requirements to get a mortgage, he said.
“Housing demand is responding to the low interest rates,” Dietz said. “There’s a pent-up demand as states begin to reopen, and it’s showing us that housing really is going to be a sector that helps to lead the economy into recovery mode.”
Three of four U.S. regions posted gains in April, compared to March, led by an 8.7% increase in the Northeast and gains of 2.4% in the South and Midwest. The West region that includes California, the nation’s most populous state, dropped 6.3%, the report said.
The average U.S. rate for a 30-year fixed mortgage fell to 3.24% last week, within one basis point of an all-time low set two weeks earlier, according to Freddie Mac.
The Federal Reserve began buying mortgage-backed securities in mid-March to keep credit flowing amid the economic jolt caused by the pandemic, which boosted competition for the bonds and put downward pressure on rates.
The average 30-year fixed rate probably will continue dropping through the rest of 2020, Fannie Mae said in a forecast earlier this month. It likely will average 3.2% in the current quarter, 3.1% in the third quarter, and 3% in the final three months of the year, Fannie Mae said.
Call Imagination Realty (Kathleen Carlson, Owner/Broker) to start your search! 321-939-1300
The mission of Celebration Lifelong is to provide an
extraordinary educational and enriching program for
mature adults in Celebration and its environs. Dedicated to
intellectual growth, social interaction, and well-being of its
members, Celebration Lifelong is a membership program
that encourages those who are willing to volunteer their time
and talents to teach and develop courses and activities.
Celebration Lifelong is a community partnership program
with the Celebration Foundation and the Community
Residential Owners Association (CROA). The office is
at the Celebration Foundation on 610 Sycamore Street,
Office #110 in the Seminole Building and the courses
for members are held at Celebration Town Hall at 851
There are three sessions in the spring. Each session lasts
three weeks. This spring the sessions begin on: February 13,
March 13, and April 10. Most classes last one hour and
fifteen minutes and there are three classes for each course.
Courses meet on Tuesdays, Wednesdays, and Thursdays.
In addition, Tuesdays from 3:15 – 4:30 pm are devoted to
special lectures and events.
Click the link below to access the Spring 2018 Course Catalog:
Millennials are not the only generation preferring proximity to restaurants and retail.
Americans born between the mid-1920s up until 1945—the “Silent Generation”—are also on the lookout for walkability. Fifty-five percent of members of the Silent Generation recently surveyed by the National Association of REALTORS® (NAR) favor neighborhoods close for commuting and/or walkability—not far off from the 62 percent of millennials surveyed who prefer the same. Both generations would live in an apartment or townhouse if it meant a closer commute and/or walkability, according to findings from the survey. Fifty-one percent of all of the adults surveyed, regardless of generation, believe quality of life is impacted by walkability.
The generations between millennials and the Silent Generation, however—baby boomers and Generation X—are partial to the suburbs. Fifty-five percent of both boomers and Gen Xers are okay with the trade-off: driving to establishments, recreation and work for a single-family home.
There are age- and gender-based interests, as well. When buying a home, younger women look for public transit and walkability more so than younger men, but both younger men and younger women seek short commute times, according to the survey.
All told, 60 percent of all of the adults surveyed would rather reside in a single-family home. Another 60 percent, though, would spend more to live in an area with greater walkability. The majority of adults with children (another 60 percent, still) are interested in the acreage and square footage of the suburbs.
Infrastructure plays a role, according to the survey. Eighty-six percent of all of the adults surveyed perceive sidewalks positively, and 73 percent believe road maintenance and repair is important.
“REALTORS® understand that when people buy a home, they are not just looking at the house; they are looking at the neighborhood and the community,” says NAR President Elizabeth Mendenhall. “While the idea of the ‘perfect neighborhood’ is different for every homeowner, more Americans are expressing a desire to live in communities with access to public transit, shorter commutes and greater walkability.”
Helping the movement are real estate professionals, Mendenhall says.
“REALTORS® work tirelessly at improving their communities through smart growth initiatives that help transform public spaces into these walkable community centers.”
One of the sure signs that the holidays are arriving in Central Florida is when the snow falls in Celebration.
The annual event returns to the community, Nov. 25th and continues nightly through Dec. 31st.
This is the 19th year for the Now Snowing event. Celebration calls this Central Florida’s original and premier showing event, and it features one of the area’s only synthetic ice rinks.
Now Snowing is a month-long Winter Wonderland Spectacular featuring strolling Charles Dickens style Carolers, photos with Santa, horse drawn carriage rides, ice skating, train rides and nightly snowfall at 6,7,8 and 9 pm.
The event is a must for those who like the traditional style holiday!
Did you know that keeping a bar of Ivory Soap under your bottom sheet can help to reduce leg cramps?
Soap under the bottom sheet may not work for all cases of restless leg syndrome, but many people find it helpful.
Although it has not been studied for RLS, the scent of Ivory soap is effective against the pain of menstrual cramps (Journal of Multidisciplinary Healthcare, Sept. 1, 2008).
It is suspected that soap fragrance works by calming hyperexcitable nerves (European Jounal of Applied Physiology, August 2017).
Back-to-School Hotline available ~ 407-518-8159
In the beginning of the new school year, parents and students have lots of questions!
Luckily, the answers are just a phone call away!
School district representatives will man the phones on these days:
Before School Starts:
Dates: Monday 8/7 – Wednesday 8/9
Time: 7:00 am – 5:00 pm
When School Resumes:
Dates: Thursday 8/10, Friday, 8/11 and Monday, 8/14
Time: 5:00 am – 6:00 pm
Ask questions like transportation and bus routes plus school open house dates, school ataneance zones, district uniform dress code policy, school lunches, necessary immunizations, before and after school care, pre-kindergarten, registration information, and more!
LOS ANGELES – July 27, 2017 – Arizona, Nevada and Washington, D.C. are among the 11 states where it’s more affordable to rent than it is to buy a home. But owning a home still beats renting in Florida, according to a study by website GOBankingRates.
GoBankingRates surveyed all 50 states and the District of Columbia, and identified which states are best for buying a home and which are better suited for renting. For the cost of owning, the study assumed a 20-percent downpayment on a 30-year fixed loan.
In Florida, homeowners have the advantage. They GOBankingRates study found that the average monthly rent of $1,543 is $167 higher than the cost of an average monthly mortgage of $1,376. The difference amounts to about $2,000 per year that the average Florida family would save by owning rather than renting, though actual savings would differ by metro area and other variables.
Are you wondering if there are any sink holes near your home?
A great site to check out the History of Sink Holes and other Natural Catastrophies in the vicinity of your home can be accessed by clicking this link:
Celebration is Sink Hole Free!!