Bradenton Real Estate

May 9, 2013

Real Estate Market Update, News, and Data Report for Manatee County in Florida

Manatee County, Florida, real estate, news, Year over Year, Sales Data, statistics

Real Estate Sales for Manatee County by Zip Code & Transaction Type
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Average Days on Market for Manatee County Florida Real Estate Sales

Average Days on Market for Manatee County Florida Real Estate Sales
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median real estate sold price per manatee county florida zip code

Median Real Estate Sold Price
Per Manatee County Florida Zip Code
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median real estate sold price per manatee county florida zip code

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April 24, 2013

Housing Starts Pass 1 Million Starts for First Time in Nearly Five Years

housing reportHousing Starts Pass 1 Million Starts for First Time in Nearly Five Years

Freddie Mac recently released its U.S. Economic and Housing Market Outlook for April showing that despite the ongoing housing recovery and gains on the construction jobs front, large economic headwinds persist. For example, the stubbornly high unemployment rate serves as a reminder of just how far the economy needs to go to get back to a healthy level. A short preview video and the complete April 2013 U.S. Economic and Housing Market Outlook are available here.

Housing starts were up 47 percent from March 2012 to March 2013, passing 1 million starts for the first time in nearly five years.
The pace of construction job growth has been accelerating in recent months. Over the past year, net construction job growth represented 8 percent of all job gains, while in the last six months it represented 15 percent.

Projecting an increase by $100 billion in refinances in 2014 to account for additional Home Affordable Refinance Program volumes with its extension through 2015.

Projecting residential originations, including single-family and apartments, to be nearly $2 trillion in 2013.

Supported by low mortgage rates, expect total homes built in 2013 to come in at the fastest pace since 2007.

“Until aggregate unemployment decreases substantially we will not experience robust growth. Construction employment is showing signs of life, which should help to improve the overall macroeconomic picture,” says Frank Nothaft, Freddie Mac vice president and chief economist.

“Housing construction is starting to pick up, but is well below historical averages. Supported by low mortgage rates we expect more homes to be built in 2013 than in any year since 2007. This increased construction employment should continue to help bring down the overall unemployment rate.”

Freddie Mac compiles data on major economic, housing and mortgage market indicators and offers forecasts based on those indicators.

For more information, visit www.FreddieMac.com.

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Reprinted with permission from RISMedia. ©2013. All rights reserved.

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March 31, 2013

From Gloom to Bloom: Expecting the Healthiest Spring Season Since 2007

gloom to bloomFrom Gloom to Bloom: Expecting the Healthiest Spring Season Since 2007

Freddie Mac recently released its U.S. Economic and Housing Market Outlook through March showing that as we head into the spring home buying season, continued low mortgage rates, increasing house prices, and gradually improving consumer confidence will help support increased home sales. A short preview video and the complete March 2013 U.S. Economic and Housing Market Outlook are available here.

Outlook Highlights

• Compared to 2012, expect home sales to be up 8 to 10 percent for 2013.
• Expect housing starts to increase to 950,000 units for 2013, compared to 780,000 in 2012.
• In 2012, real estate added $1.5 trillion to balance sheets, and residential mortgage debt outstanding increased by 0.1 percent in the fourth quarter of 2012, indicating household deleveraging might be drawing to a close.
• Because of sequestration spending reductions, expect the unemployment rate in 2013 to average about 7.8 percent, essentially flat for the year or about 0.25 percentage points higher than it otherwise would have been.
• Regardless, the housing wealth effect is taking hold in the broader market which should translate into the healthiest spring home buying season since 2007.

“History shows us not all economic recoveries are created equal and consumer confidence mirrors this fact,” says Frank Nothaft, Freddie Mac vice president and chief economist.

“With the spring home buying season upon us, the recent highs in the stock market are a welcome signal of better times ahead. But it will be the gradually declining unemployment rate and steadily improving housing market that will deliver broad-based economic benefits for Americans and, in turn, support the overall recovery.”

For more information, visit www.FreddieMac.com.

The Serena Group ~ Keller Williams Realty of Manatee

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January 7, 2013

7 Tips for Keeping Your Financial Fitness Resolution

tips for financial fitness

7 Tips for Keeping Your Financial Fitness Resolution

The new year is a great time to get yourself pointed in the right direction financially. “Making small improvements at the beginning of the year is a lot easier than trying to play catch-up,” says financial planner Rick Rodgers, author of “The New Three-Legged Stool: A Tax Efficient Approach To Retirement Planning.”
“Just as you would embark on an exercise program to lose weight and get physically fit, there are simple steps you can take that will lead to being financially healthy and fit.” Here are Rodgers’ seven tips for improving your financial life in 2013.

• Review your credit report – Borrowing money isn’t the only reason to check your credit. Employers check credit reports and so do insurance companies. Your credit score can have a profound effect on the amount you pay for auto and homeowners insurance — and perhaps on health and life insurance in the not-too-distant future. Order your free credit report at AnnualCreditReport.com.

• Set up an Automatic Savings Plan (ASP) – If your employer doesn’t offer this through payroll deduction you can set one up through your bank or brokerage account. Simply have a certain amount of money withdrawn from your checking or savings account each month and deposited into your investment account. That way, you save it before you ever have a chance to spend it. Try to increase the amount you invest at least once a year.

• Establish a cash flow plan – Business owners know you can’t control what you don’t track. Take the time to forecast your income and expenses for the year, and put it in writing. Then adjust those numbers to reach your goals, such as paying down debt or replacing a car. Track your progress on a regular basis by holding a monthly family finance meeting to review the plan.

• Pay off your credit cards – It’s especially important to take action on debt in 2013. Cash doesn’t earn much interest sitting in a deposit account (less than 1 percent) and even “low interest” credit cards charge 10 to 12 percent. So if you’re sitting on any extra savings, consider using it to pay down credit card debt. Your cash flow plan should include a schedule to eliminate credit card debt as quickly as possible.

• Shop your insurance – Insurance agents are often paid commission based on premium levels, so they have no incentive for finding existing customers lower premiums. However, there is a huge incentive for a competing agent to find you the lowest premium in order to win your business. Make note of the coverage levels you have for your homeowner’s and auto policies and use them to comparison shop. Look at ways to save on your health insurance coverage, too, such as switching to a high-deductible plan and opening a Health Savings Account.

• Write an estate plan – At a minimum you need to have a valid will, power-of-attorney (POA) for your finances and health-care decisions, and a living will (Advanced Healthcare Directive in some states). Decide who will be your personal representative in the event you become incapacitated (POA) or at your death (executor). If you have minor children, choose who will raise them in your absence and establish a testamentary trust for their finances.

• Meet with a financial adviser – An adviser is to financial planning as a personal trainer is to an exercise program. Allow yourself to be held accountable by a third party who will push you to help yourself. Good advisers will help you develop a budget, look at your debts, tax situation, retirement and college savings, estate planning and insurance. You don’t have to be a high-net-worth individual to seek the assistance of a financial adviser. Go to the National Association of Personal Financial Advisors (NAPFA) and search for one in your area.

Don’t just make a vague resolution to save money. According to Psychology Today, of the millions of American’s who make a New Years resolution, 40 percent have already failed by Jan. 31. Let 2013 be the year you make lasting changes to improve your financial life.

Certified Financial Planner Rick Rodgers is president of Rodgers & Associates, “The Retirement Specialists,” in Lancaster. For more information, visitwww.RodgersSpeaks.com and www.TheNewThreeLeggedStool.com.

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January 2, 2013

Selling Your Home? Tips for Getting Across the Finish Line in 2013

Selling Your Home? Tips for Getting Across the Finish Line in 2013

 

Visit houselogic.com for more articles like this.

Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®

October 23, 2012

Housing Sector Still Contributing in a Big Way

impact of real estate industry and housing sector on the economy

If you’ve purchased a home recently or intend to purchase soon, you may not have thought about the fact that you’re part of a vast industry that has made, and continues to make, a significant contribution to the American economy.

Consider the following information from an April 2012 report by the National Association of Realtors® (NAR):

“Research has consistently shown the importance of the housing sector on the economy and the long-term social and financial benefits to individual homeowners. The economic benefits of the housing market and home ownership are immense and well documented. The housing sector (in the U.S.) directly accounted for approximately 15% of total economic activity in 2011.

Those statistics include such contributing factors as: mortgage lending; home construction; real estate agents’ commissions; lawyers’ fees, home appraisal costs, and moving costs. These sectors generate taxes and other forms of income for government at all levels.

Beyond that the housing industry also produces long reaching economic ripples that extend well beyond the home purchases and related expenses and expenditures.

Real estate transactions create jobs and, thereby, facilitate economic growth in ways that you might not even have considered.

For instance, a NAR study on the economic impact of real estate in the state of Oregon tells the tale:

For every home sold in Oregon in 2011, there were additional expenditures on consumer items, such as furniture, appliances and paint, totaling, on average, $5,234.

When you consider the number of homes sold across North America, you start to realize the numbers of manufacturers, suppliers of goods and services, trades people and sales forces that are dependent on the health and prosperity of the housing industry. The real estate industry remains, even under less than favorable circumstances, one to be reckoned with. Naysayers notwithstanding, it will continue to be so.

Even now with national housing markets in flux, home ownership remains ingrained in our very psyche. The American dream is alive and well and still very much a reality for many people.

If you’re considering or planning to buy or sell a home in the Bradenton, Sarasota, Manatee County, or Sarasota County areas of Florida

Please consider working with our team of hard working and experienced real estate professionals, The Serena Group.

Learn more about us here → MEET THE TEAM!

You may contact us directly, anytime, at →  941.757.5377.

September 19, 2012

Manatee County Real Estate Market Report – Year to Date – August 2012

Manatee County

Real Estate Market Report – Year to Date

All Property Types

Single Family and Condominiums – August 2012

manatee county, real estate, market, report, data, statistics, news

Thinking of selling or buying a home in

Bradenton, Sarasota, Manatee or Sarasota County?

THE SERENA GROUP is here for you!   Direct → 941.757.5377

View this document on Scribd

August 16, 2012

Fighting Off Foreclosure

Thank you to the folks at eLocal for the following guest post relating to ‘Avoiding Foreclosure.’

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As we hear about foreclosures in the news almost daily now, it is important to understand how the foreclosure process works and what some of the other options might be.

Foreclosure is an emotional and arduous process, as well as being catastrophic to your credit rating.  Foreclosure can stay on your credit report for up to 7 years and remains a part of your public record forever.

 eLocal asked their Legal Expert Network, which is made up of real estate agents and real estate lawyers, how to protect against foreclosure.They received many responses.   Using these responses, along with doing some further research on their part, eLocal compiled this information into a mini infographic foreclosure guide.

Source: elocal.com

Fighting Off Foreclosure - Infographic by eLocal.com

→ CLICK TO ENLARGE IMAGE
Fighting Off Foreclosure – Infographic by eLocal.com

August 13, 2012

Zillow Study Finds Owning a Home After Three Years More Beneficial Than Renting

Zillow Study Finds Owning a Home After Three Years More Beneficial Than Renting

View this document on Scribd

Thank you to Mike & Winnie Koebel of Home Lending Source for this guest blog post.

July 17, 2012

Ways to Prep For Hurricanes and Protect From Tornadoes

Hurricane Preparedness

Ways to Prep for Hurricanes and protect from tornadoes.

Most people take fire safety seriously and have fire extinguishers handy and escape routes pre-planned should a blaze threaten their home. Yet while tornadoes/hurricanes and the violent storms surrounding them are far more common than homeowners realize, many homeowners don’t take the necessary steps to prepare for these destructive storms. On average, some 1200 tornadoes appear each year in the U.S.

With the possibility that the 2012 storm season will be a long and challenging one, The Hanover Insurance Group today provided tips to help home and business owners in tornado-prone states to prepare and minimize damages.

While tornadoes can occur in the United States during any month, weather conditions produce a peak season that runs through October. In areas of the country subject to the harshest storms, winds can far exceed those of even the strongest hurricanes, averaging between 110-205 mph.

Hurricane season traditionally runs from:  in the Atlantic – June 1 and ends November 30. In the Eastern Pacific -May 15 through November 30.

“Tornadoes can form in every state east of the Rockies,” said Mark Desrochers, president of The Hanover’s personal lines business. “Preparing for a tornado is a practical safety precaution that should be taken by all households in these states. With proper preparations, home and business owners can significantly reduce the risks of injury to their family and pets, as well as damage to their property. This also enables them to recover quicker.”

To help prepare for a tornado/hurricane  and respond in the event one strikes, The Hanover suggests the following 10 tips:

1) Make an action plan. Prepare in advance so that when a tornado/hurricane watch is issued, you already have an existing plan of action. Unlike hurricanes, which tend to be closely monitored for days, tornadoes can spring up quickly. In many cases, you will have to take shelter within minutes in your own home or a below-ground storm shelter. Experts advise never trying to outrun a tornado by car. Instead, move to the basement or to an inner windowless room or interior hall. Protect your head and neck with your arms and hands. Ensure everyone knows the action plan.

2) Create a survival kit. After a storm, it may be impossible to use roads for several days. You may be forced to live in your home for a while even if it is wrecked or you’re without electricity and water. So, it’s wise to assemble a survival kit containing a week’s worth of non-perishable food, bottled water, paper plates and cups, eating utensils, medicines, first aid handbook and bandages, blanket, a radio, batteries, flashlight, soap and toiletries, bleach for disinfecting, and spare clothing. Store the kit in the basement or other safe area.

3) Have debris removal tools on-hand. There may be a significant amount of debris following a tornado/hurricane that will have to be moved just to exit your structure. Some of this will be splintered wood and glass. With this in mind, store helpful items — including heavy soled shoes, gloves, eye protection and a small shovel to safely move debris. This should be kept in the same area as your survival kit.

4) Create a home inventory. Tornadoes/hurricanes can destroy your home and its contents, making it difficult to document your property losses, which can impede your recovery. With a proper home inventory you will have an acceptable means of documenting ownership and value in the event of a claim. Photograph or shoot video of your entire home or business, including the contents of each room, and store these with a written inventory and serial numbers in a fireproof safe or safe deposit box.

5) Ensure you have proper coverages in place. It is always a good idea to review your homeowner’s policy with your independent insurance agent, ensuring you have enough coverage for your contents and the physical structure as well. Also ask about other coverages that may be of value to you in the event of a tornado loss, such as reimbursement for temporary living expenses.

6) Create and share contact info. All family members should have the personal and business contact information (phone/email) for quick communications. Also ensure you have your agent and insurer’s claims office numbers stored in your mobile phone. After a storm, cell service may be more accessible than local land lines. Have important numbers on hand to help expedite your recovery after the storm. It’s important to keep your cell phone charged in advance, as power may be out for days.

7) Wait for official notice before returning home. If there is an evacuation after a storm, wait for official notice that it is safe to return to your home. When returning to your home, be cautious when entering a damaged structure. Stay away from damaged or weakened walls.

8) Take photographs and/or video documenting claim damage. Should your home or business be damaged in a tornado/hurricane, take pictures of the entire scene and document all damage — provided it is safe. Try not to remove items until an insurance adjuster has had an opportunity to visit the property and assess the damage.

9) Keep an accurate record of any temporary repairs or expenses. If you do need to make temporary repairs to help preserve the remains of your home or personal property, keep all records to ensure that they may be considered in your claim.

10) Engage with an Independent Agent. With careful preparation and planning — and assistance from your insurance professional — you can rest assured that you have the right coverages to meet your needs and a good plan of action in place. This will reduce the time and effort required to recover from a tornado and other major weather events.

While no one can tell you for sure whether a tornado or other weather event will strike your area, they are occurring with increasing frequency. So it is a good idea to consult with a local Independent Agent, have the right insurance carrier to meet your needs, and to be as prepared as you can in advance of such events.

Source: http://www.hanover.com

The Serena Group ~ Keller Williams Realty of Manatee

is here for you!  Contact Us Today!

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