US Home Prices 2018 – House Price Growth by City – Best Bets

US Home Prices — Case Schiller 2018 to 2020

2018 looks like it’s going to be a more stable period for home prices from Boston to Miami to Los Angeles. Limited residential property, stable employment picture, and rising mortgage rates should keep things in balance in 2018.

What’s dampening that price flame is that prices are too high for Millennials (thus powering up the rental property investment market) and high mortgage rates.

Home prices are anticipated to increase 3.9 percent and existing home sales are forecasted to increase 1.9 percent to 5.46 million homes. Interest rates are expected to reach 4.5 percent due to higher expectations for inflationary pressure in the year ahead — Realtor.com Research





Case-Shiller reported a spate of very positive news regarding the state of the US economy and the housing outlook for 2017 to 2020.  Housing is boosted by positive indicators coming from two separate reports published on Trading Economics, include:houseconstruction

  • US housing starts rose to a 9 year high in October 2017
  • US consumer sentiment rose to a 6 month high
  • US durable good orders rose
  • Job vacancies to fall 500,000 by 2020
  • US GDP will rise 2 Trillion by 2020

From the chart below, the Case-Shiller Home Price Index, building permits, housing starts, home sales, will rise slightly next year and significantly grow to higher levels in 2020. Home prices may rise another 10% by 2020 according to their forecast. Still a good time to look for houses for sale.

latest-case-schiller-predictions-2017

Case-Shiller also sees the Fed raising interest rates and that US inflation rate will rise. These estimates may not take into account the intent of the Trump government.  




And from a reuters news report on the economy, Joel Naroff, chief economist at Naroff Economic Advisers is quoted as saying, “Everything seems to be moving in the right direction in the economy … The weak links are recovering and the strengths are staying strong. The Fed is not going to continue doing nothing.”  That would mean he expects the Fed to raise interest rates, and that would push the US dollar to further highs.

Overall, it’s a good report that has something for consumers and entrepreneurs and business.  Read the full forecast here.

The US housing market 2017 report is positive and this report from the Urban Land institute is positive too. Sure there are variables, especially in different regions and cities across the US, yet a lowered deficit sends a positive message to startups and small businesses that US businesses will have an easier time competing in the US. Looking to invest in rental income property in 2017?

Best Cities to Invest?

Cross reference this compiled list of cities with a previous post on best cities 2017 to invest in rental property. In this chart with data from Realtor.com and Kiplinger, I’ve highlighted what might be the best cities to discuss with your real estate investment advisor. I’m not advising anything, just to point out the advantages of diversifying your investment portfolio to cities that are strong and ones that could become strong.

Cities such as Springfield MA, Sacramento CA, or Detroit might pay off in 2020 to 2025. For rental income, Silicon Valley, Los Angeles, Dallas, San Diego, and Boston might be best picks. It might be a case of the usual suspects, but start here, work your way to the best zip codes and neighborhoods, types of house, employment growth, and migration patterns of Millennials, and you may have yourself a winner (real estate investment). Who knows which cities will rule after 4 years of the Trump overhaul of the US government and US economy?




Rank City Price Rise Sales Growth Average Home Price 2015 – Kiplinger
1 San Francisco-Oakland-Hayward, CA 8.41% 1.17% $700,000
2 San Jose-Sunnyvale-Santa Clara, CA 8.26% 1.26% $816,000
3 Seattle-Tacoma-Bellevue, WA 7.36% 3.41% $370,000
4 Sacramento–Roseville–Arden-Arcade, CA 7.18% 4.92% $305,000
5 Los Angeles-Long Beach-Anaheim, CA 6.90% 6.03% $530,000
6 Salt Lake City, UT 6.66% 4.67% $248,500
7 Portland-OR-Vancouver-WA 6.55% 5.02% $289,900
8 San Diego County, CA 6.47% 4.89% $460,000
9 Denver CO 6.41% 3.96% $302,000
10 Providence-RI Warwick, MA 6.31% 4.09% $224,575
11 Stockton-Lodi, CA 6.12% 4.01% $267,000
12 Tucson, AZ 6.10% 5.47% $160,000
13 Boston-Cambridge-Newton, MA 6.09% 6.32% $350,000
14 Phoenix-Mesa-Scottsdale, AZ 5.94% 7.24% $205,000
15 Atlanta-Sandy Springs-Roswell, GA 5.93% 2.67% $180,000
16 Grand Rapids-Wyoming, MI 5.77% 4.16% $140,000
17 Orlando-Kissimmee-Sanford, FL. 5.69% 6.10% $170,000
18 Philadelphia, PA 5.54% 3.08% $252,800
19 Greensboro-High Point, NC 5.50% 3.56% $118,500
20 Bakersfield, CA 5.26% 4.49% $182,500
21 Oxnard-Thousand Oaks-Ventura, CA 5.19% 5.35% $507,500
22 Richmond, VA 5.18% 2.57% $224,000
23 Detroit-Warren-Dearborn, MI 5.17% 6.22% $147,000
24 Provo-Orem, UT 5.16% 5.84% $229,950
25 Las Vegas-Henderson-Paradise, NV 5.06% 4.57% $193,700
26 Greenville-Anderson-Mauldin, SC 5.03% 3.61% $162,700
27 Sarasota-Bradenton, FL 5.00% 5.37% $192,000
28 Riverside-San Bernardino-Ontario, CA 4.98% 6.88% $276,000
29 Tulsa, OK 4.90% 4.01% $124,700
30 Harrisburg-Carlisle, PA 4.87% 3.11% $175,000
31 Nashville, TN 4.86% 4.41% $158,000
32 Tampa-St. Petes, FL 4.84% 5.10% $140,400
33 Palm Bay-Melbourne-Titusville, FL 4.83% 3.14% $140,000
34 Spokane, WA 4.81% 3.95%
35 Jacksonville, FL 4.79% 7.03% $165,000
36 Boise City, ID 4.79% 5.28% $173,250
37 Colorado Springs, CO 4.77% 6.71% $221,450
38 Akron, OH 4.76% 1.90% $93,500
39 Youngstown-Warren-Boardman, OH 4.75% 1.89% $88,500
40 Springfield, MA 4.74% 5.13% $188,000
41 Toledo, OH 4.72% 2.07% $98,800
42 Hartford, CT 4.68% 0.42% $220,000
43 Milwaukee, WI 4.65% 4.53% $165,000
44 Lakeland-Winter Haven, FL 4.64% 4.89% $119,950
45 Honolulu, HA 4.55% 3.76% $466,000
46 Virginia Beach-Norfolk,NC 4.44% 3.76% $230,000
47 New Haven-Milford, CT 4.39% 2.60% $117,000
48 Kansas City, MO KS 4.36% 2.66%
49 Charlotte, NC 4.32% 6.28% $138,000
50 Augusta-Richmond County, GA 4.28% 4.62%
51 Dayton, OH 4.25% 2.18% $63,000
52 Birmingham-Hoover, AL 4.23% 4.29% $63,000
53 Raleigh, NC 4.16% 7.55% $156,000
54 Pittsburgh, PA 4.13% 6.08% $157,000
55 Dallas-Fort Worth-Arlington, TX 4.13% 5.09% $157,000
56 Minneapolis-St Paul, MN 4.08% 3.56% $222,700
57 Oklahoma City, OK 4.07% 4.18% $152,250
58 Houston, TX 4.01% 6.08% $162,500
59 New York-Newark-Jersey City, NY N.J Pa. 3.99% 6.48% $375,000
60 Miami-Fort Lauderdale-West Palm Beach, Fla. 3.98% 4.17% $210,000
61 New Orleans-Metairie, LA 3.95% 5.94% $153,000
62 Ogden-Clearfield, UT 3.94% 4.02% $178,500
63 El Paso, TX 3.93% 2.85%
64 Washington-Arlington-Alexandria, DC VA 3.92% 4.60% $385,000
65 Wichita, KS 3.89% 2.51%
66 Memphis, TN 3.80% 4.22% $128,000
67 Columbus, OH 3.78% 5.70% $119,950
68 Madison, WI. 3.75% 5.40% $244,000
69 Indianapolis, IN 3.72% 5.03% $114,450
70 Omaha, NB 3.70% 4.64% $123,550
71 Fresno, CA 3.65% 5.82% $210,000
72 Albuquerque, NM 3.62% 4.13% $129,000
73 McAllen-Edinburg-Mission, TX 3.57% 5.11% $85,000
74 Cleveland, OH 3.56% 4.69% $110,000
75 Austin-Round Rock, TX 3.50% 7.40% $225,000
76 St. Louis, Mo 3.46% 4.35% $89,900
77 Worcester, MA 3.45% 4.97% $225,000
78 Syracuse, NY 3.41% 2.55% $101,450
79 Columbia, SC 3.39% 3.56% $124,650
80 Buffalo- Niagara Falls, NY 3.36% 2.08% $110,000
81 San Antonio-New Braunfels, TX 3.29% 6.22% $128,494
82 Charleston, SC 3.27% 6.09% $199,000
83 Louisville, KY 3.24% 4.69% $117,000
84 Cincinnati, OH 3.18% 6.38% $122,499
85 Knoxville, TN 3.11% 6.27% $129,950
86 Deltona-Daytona Beach, FL 3.10% 8.23% $135,000
87 Rochester, NY 3.09% 6.27% $104,000
88 Allentown, PA 3.07% 3.00% $185,000
89 Little Rock, AK 2.97% 3.59% $177,000
90 Baltimore-Columbia-Towson, MD 2.97% 2.88% $276,753
91 Des Moines, IA 2.92% 4.32% $186,500
92 Cape Coral-Fort Myers, FL 2.91% 5.41% $177,000
93 Baton Rouge, LA 2.87% 5.53% $178,750
94 Winston-Salem, NC 2.66% 5.08% $100,000
95 Durham-Chapel Hill, NC 2.55% 8.95% $156,500
96 Scranton–Wilkes-Barre, PA 2.40% 6.62% $104,500
97 Jackson, MI 1.98% 9.44%
98 Chicago, IL 1.95% 2.27% $104,500
99 Bridgeport-Stamford-Norwalk, CT 1.92% 2.56% $441,250
100 Albany-Schenectady-Troy, NY 1.78% 3.51% $195,250
Chart Data courtesy of Realtor.com and Kiplinger.com

US Real Estate Market 2017 to 2020

Take a good look at housing reports including separate ones for the New York real estate market outlook, Los Angeles real estate outlook and the San Francisco Real estate market as key indicators. Some pundits are suggesting California could see a less rosy outlook in the years ahead, but with continued low fuel prices, low interest rates, and eases in regulation at the Federal level, California should fare well economically.




From a report in the Pacific Coast Business Times, Mark Schniepp, director of the California Economic Forecast is quoted as saying that economic indicators do not point to a recession this year or next.

Nationwide, consumer confidence is near a seven-year high and corporate profits are trending up, which slumped prior to the Great Recession. And even though more people are buying cars and homes, household debt levels are tame, said  The current seven-year economic expansion is old but it’s not running on fumes, he said.

Schiepp said “We really don’t have any imbalances or bubble concerns. Therefore, at this time, we don’t see any recession — none. If you were wondering about 2017 and all those blogs and articles (forecasting a recession), well forget about them.” Schniepp spoke to an audience at the Hyatt Regency in Westlake Village LA, during the 2016 Los Angeles County and Ventura County Economic Outlook.

The prognosis for housing markets in 2018 is positive




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Is 2018 the right year to buy rental income property?  What are the best investments in 2018 including investing in real estate?

Bookmark this page and return for further forecasts, predictions and market data for most major US cities including  Los Angeles, New York City, San Diego, San Francisco, Houston, Miami, Phoenix, Denver, Seattle, Chicago, Boston, Tampa, Charlotte, Orlando, Toronto, Vancouver, Newmarket/Aurora, Richmond Hill, Vaughan, Mississauga, Anaheim, Beverly Hills, Malibu,  San Jose, Fresno, Santa Clara, Sacramento, Mountainview, Palo Alto, Portland, Washington, Atlanta, Irvine, Nashville, Sunnyvale, Salt Lake City, Riverside, Rancho Cucamonga, Costa Mesa, Raleigh, Albuquerque, Glendale, Oceanside, Long Beach, Huntington Beach, Carlsbad, Santa Clarita,  Henderson, and more.

Donald Trump on the US Economy, Reform, and Real Estate Market

What Donald Trump Said

2 months ago, I forecasted that Donald Trump would become the next President and sure enough, at the last minute, he pulled it off. I mentioned that Americans appeared tired of economic stagnation, debt, minimum wage futures, political lobbying and corruption, and a lack of control over their own lives and in 2017 they would have a new president to make the changes.

But even as we inspect what New York’s Donald Trump has said he wanted to do, the real matter is how he could make change in jobs, energy, real estate development, and trade.
Yet Trump is a hotel and real estate magnate, so this has to bode well for the travel and real estate sectors. Trump is all about real estate development. Trump stated he will change the tax brackets (lowering taxes for some) so they have more money for a purchase.




Once investment and laws are changed, the US should see an honest revival of its economy and as momentum grows over the years ahead, it makes sense that fairer trade and a made in America emphasis will see jobs and investment come back to the US. It’s doubtful that China and Mexico will be devastated and I might add that Canada may follow the same road to bring jobs back from China and Mexico. Those who have lost their jobs to foreign companies know what’s been happening at a real life and emotional level. Once jobs return, the euphoria will begin.

Whoever actually voted for Trump, their decision is one that’s put rich multi-national companies, billionaires, and even pampered Hollywood stars in their place. Clinton and the Democrats had no real plan to boost the economy, create jobs and fix the trade deficit problem with China, Japan and Mexico. I thought it was a no brainer — Trump was the people’s only hope despite the thrashing the media gave him. None of it mattered because Americans are determined to bring back prosperity.

Is 2018 the best year to buy rental income property?  Find out more about the best investment opportunities in 2017 including investing in real estate




Everyone is wondering what a Donald Trump, president elect, lead government will look like. What did he say about housing and home ownership anyway? And how will his policies actually support small and medium-sized US businesses?

Share this post about Donal Trump with your friends and family on:

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A good number of people are still upset right now that the much hyped new President got in. He promised to drain the swamp in Washington, fix trade deals with China, Mexico and Japan, and help people buy a home. And in San Diego, Los Angeles, Orange County, San Francisco, just as in New York City, Miami, Seattle, and most urban area, people have given up on the idea of owning and having equity in a home. That American dream had died.

homeownership
How do You Feel about This Statistic on Home Ownership?

Here’s a key statements and quotes from him (if you’re willing to believe his statements):

American homeownership rate in Q2 2016 was 62.9% – lowest rate in 51 yrs,” Trump tweeted July 30, 2016. “WE will bring back the ‘American Dream!”

It’s not hard to believe that homeowners in Los Angeles, San Diego, San Francisco are low. Not much of a controversy there. How many millennials can afford a Million dollar property?

If his heart and head really are into making home ownership a reality for those in California, Texas, Florida, and New York and cities across the US where prices have gone bonkers, mostly due to a lack of development land. Trump’s bombastic style will fade in importance as he’s forced to get down to work and fix the American economy. There’s mention we’ll have panic and high global prices yet they’ll likely go down as manufacturers become more concerned about getting their products to their main customers — US consumers.




“I’m going to bring jobs back from China, Mexico Japan, Vietnam. They are taking our jobs. They are taking our wealth. We have $2.5 trillion offshore. We’re going to bring that money back. You take a look at what happened just this week, China bought the Chicago Stock Exchange. Nabisco and Ford, they’re all moving out. We have an economy that last quarter didn’t grow. We have to make our economy grow again” — Source: 2016 CBS Republican primary debate in South Carolina , Feb 13, 2016

Trump also has a lot of power now yet even the experts don’t know how he can improve the economy and boost the real estate and housing markets.

“A few years ago, Moody’s, the financial investment agency, calculated that every $1 of federal money invested in improving the infrastructure for highways and public schools would guarantee $1.44 back to the economy. Infrastructure investments have one of the strongest direct economic impacts.”  Source: Crippled America, by Donald Trump, p124-5 , Nov 3, 2015

“My policy is going to be something that’s going to set the country back right. I mean, one of the big things is we have to take back jobs from China.”  Source: Meet the Press 2015 interviews of 2016 presidential hopefuls , Aug 2, 2015.

So much for election promises and public political statements. We might want to visit his website and then calculate what impact taking jobs back from China, India, Japan, and Mexico will do.

https://www.donaldjtrump.com/policies/trade

https://www.donaldjtrump.com/policies/energy/

https://www.donaldjtrump.com/policies/economy/




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Urban Land Institute – Real Estate Forecast to 2018

ULI Real Estate Consensus Forecast:  A Short Term Outlook from Real Estate Economists/Analysts

The Urban Land Institute has just released it’s Fall 2016, 3 year Short Term housing and real estate outlook report with predictions from 51 real estate and economic experts. Quite a few organizations including NAR, National Association of Home Builders, Trading Economics, Kiplinger, Freddie Mac, Fannie Mae, Bloomberg, Moodys, and more produce their own housing forecast reports.

Which ones are credible and reliable outlooks of housing activity ahead?  If you’re a homeowner, investor, mortgage agent, or realtor, it may be wise to read and weigh a number of them for a more reliable forecast.

uliThe Urban Land Institute, or ULI, is a Washington, D.C., Hong Kong, and London think tank and research institute whose purpose is to provide leadership in the responsible use of land to build thriving communities worldwide.

Some of its organizational mandate is to encourage progressive development, conduct research in sustainability, smart growth, compact development, and workforce housing. The ULI was created during the Great Depression in 1936 and now has 38,000 members (according to Wikipedia).

Discover more on Long Term Housing predictions for the US and the San Francisco Forecast, LA Forecast, San Diego Forecast, and the Toronto Forecast for 2017 to 2020.  It’s an interesting report for investors, realtors, first time homebuyers, mortgage agents, and businesse in the construction and renovation trades.

The ULI housing and real estate report offers up specific forecasts for:

  1. Broad economic indicators
  2. Real estate capital markets
  3. Property investment returns for four property types
  4. Vacancy rates and rents for five property types
  5. Housing starts and prices




From the report overview, HUD states:

“The ULI Real Estate Consensus Forecast for October 2016 projects continued economic expansion over the next three years but at a somewhat slower pace than the prior two years; relatively high but declining commercial real estate volumes; continued commercial price appreciation, rent growth and positive returns but at more subdued and decelerating rates; better than average vacancy/occupancy rates, except for retail; continued growth in single family housing starts but remaining at levels below the long-term average.”

All indicators are above their 20 years averages with the exception of commercial price appreciation, equity REIT returns, and NCREIF returns. Looking ahead to 2018, HUD forecasts: commercial property price growth, equity REIT returns, NCREIF returns for the four major property types, retail availability, rental rate growth for office and retail, RevPAR growth for hotels, and single-family housing starts will perform below their 20 year averages.

Commercial Real Estate Still Looking Good

From the report:

“Commercial real estate prices are projected to grow at relatively subdued and slowing rates in the next three years, at 5.0% in ‘16, 4.0% in ‘17 and 2.5% in ‘18, all below the long-term average growth rate of 5.7%.”  “Capitalization rates for institutional-quality investments (NCREIF cap rates) are expected to inch up gradually to 5.2% in 2016, 5.3% in 2017 and 5.5% in 2018.”

“Commercial real estate transaction volume has consistently increased for 6 years and reached a volume in ‘15 that is surpassed only by that in ‘07. Volume is expected to decline for the next three years to $475 billion in ‘16, $450 billion in ‘17, and $428 billion in ‘18. Despite the decline, these volumes continue to stay substantially above the 15-year average of $280 billion.”

Roaring Times for Residential Real Estate

Hud says housing starts will increase 30+%, from 714,500 units in 2015 to 875,000 units in 2018, remaining below the 20-year annual average. Compare that to other national US forecasts for these periods.  How will Donald Trump affect US housing numbers?

Rental Apartment Availability to Increase

The report reveals the experts forecast an easing up of rental apartment vacancies with the national rate up 5.23% in 2018 however these rates are still below the 20 year average vacancy rates. The report doesn’t forecast apartment rentral rates in tight markets such as San Francisco or New York.

apartment-rental-forecast
Screen Capture of Apartment Vacancy Rate Chart to 2018 Courtesy of HUD.com

 

You can read the full report on the HUD website.

Do you need help selling your home or land? One crazy good outside the box idea is to hire an innovative digital marketing consultant to create massive reach to buyers and jumpstart their desire to own your property. Real estate agents can present a lot of value however they’re not digital marketing masters. They still have to hire a real estate marketing firm to get results.

 

Is this the right year to buy rental income property?  Find out more about the best investments in 2017 including investing in real estate.

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Bookmark this page and return for further forecasts, predictions and market data for most major US cities including  Los Angeles, New York City, San Diego, San Francisco, Phoenix, Denver, Seattle, Chicago, Boston, Tampa, Charlotte, Miami, Orlando, Toronto, Vancouver, Newmarket/Aurora, Richmond Hill, Vaughan,Anaheim, Beverly Hills, Malibu,  San Jose, Fresno, Santa Clara, Sacramento, Mountainview, Palo Alto, Portland, Washington, Atlanta, Irvine, Nashville, Sunnyvale, Salt Lake City, Riverside, Rancho Cucamonga, Costa Mesa, Raleigh, Albuquerque, Glendale, Oceanside, Long Beach, Huntington Beach, Carlsbad, Santa Clarita,  Henderson, and more.

America. Sell That Home!! Moving on to a Better Life

Housing Market 2017 – It’s Time to Sell

The housing market is ripe and 2017 is the year of the home seller across the US and some cities in Canada. It’s an amazing thing that so many home owners who have sacrificed the best years of their lives, toiling at their jobs for decades, buying a property so modestly, are now going to be rewarded royally from the housing market in 2017.

Okay, maybe not that rich, but you’re doing okay:) pic courtesy of diceybrown.com

The housing market lottery: Some of you will receive 100% to 300+% of what you paid for your property if you sell this year. That’s like winning a lottery. And the fun won’t stop anytime soon. You’ve got lots of options, beginning with how you’ll sell your home to what you’ll do with the rest of your life such as travel, move to a warm climate, and complete your bucket list.

The real estate market 2017 is very bright in many cities including Los Angeles, San Francisco, Toronto, New York and Vancouver. For sellers that is. With a historically unprecedented lack of housing supply and strong employment and income growth, buyers will be willing to pay very high homes prices at zip codes all over.




If you’re hoping to sell your home in 2017, you should read my post on selling over asking price  and why selling your home now is wise. There’s plenty of other reasons to sell your home and sell it at the highest price possible.

Good Things Happen When You Sell and Move onto Your Ideal Life

I like the story of homeless Louise Gourley who went from rags to riches, got tired of the grind, sold her house and went and helped the poor. A richer life is waiting anyone who wants it. And you’ll likely be able to live your dream comfortably. Read Louise’s story on the Sunday Post. I like happy stories.

Your Buyer’s Want the Best Growth in Equity

Don’t forget that property investors will also be bidding on your home or condo this year. The outlook for rental property is extremely positive. First time buyers face challenges in gathering a downpayment and qualifying for a mortgage when home prices are rocketing. If the Trump administration should infuse further life into the economy and housing market, it should ease home prices. Rather than hoping for the best home sales price, why not plan for your sale?

You have other options for selling a home if you want the maximum price. And that premium on the price might be well worth it. Realtors aren’t your only option. You can hire a digital marketer and a real estate lawyer to market your home. It might take a little more effort, but you’ll likely save quite a bit of money and get a higher sales price.

Keep your mind open about getting the best price or staying even with the Realtor’s market assessment of your property. That’s all out the window these days. Your home is worth what you can make others believe it’s worth. It’s all marketing and the selling price is yours to choose (when you carry out a powerful marketing and sales strategy). While it may be wise to use Realtors, they often boast about BIG marketing campaigns, but as a digital marketer in real estate, I can tell you most spend very little. Dig deep to discover exactly what they’re going to do for you.

Your house and property are an investment, your most important financial investment, so don’t burden the buyer with demands. It’s their money. Sell it for maximum value, let it go and move on.

Which City has the Best Home Prices?

Before you sell, you need somewhere to go – to choose a city or country where you can buy cheap once again (deja vu?). You could retire in Costa Rica or some other heavenly tax free country. Wouldn’t that be nice! Or you could check out cities in Arizona, Utah, Florida, Texas, or Oregon, or perhaps the Okanagan in Canada. These places are popular too.

Ideas: With your own home solar power system, you would likely be creating your electric power for free. Living off the grid is something many babyboomers are becoming interested in. Solar power technology  is just one exciting entrepreneurial opportunity you can pursue if you’re business minded and want to keep busy too.




Top 25 Cities to Retire in the US.

Take a good look at this list of 25 great cities to retire to. If you’re an Internet or social media entrepreneur, you might find them ideal to work from too!

This list is compiled from Forbes Annual List of best places to retire. I’ve added in estimated average income and zip codes so you can accelerate your own home search.

US City State Average Home Price Estimated per capita income in 2013: Zip Code
1 Abilene TX $142,000 $21,032 79563
2 Ashville NC $206,000 $29,195 28704
3 Athens GA $139,000 $17,534 30605
4 Blacksburg VA $235,000 $18,618 24060
5 Boise ID $175,000 $28,479 83616
6 Bowling Green KY $138,000 $20,116 42101
7 Cape Coral FL $190,000 $47,767 33903
8 Casper WY $245,000 $31,475 82609
9 Colorado Springs CO $225,000 $29,030 80829
10 Columbia MO $159,000 $26,994 65202
11 Fargo ND $176,000 $27,622 58047
12 Great Falls MT $172,000 $25,015 59401
13 Huntsville AL $174,000 $29,399 35649
14 Lexington KY 143000 $28,924 40361
15 Lincoln NE $155,000 $25,745 68430
16 Logan UT 153000 $16,572 84321
17 Mesa AZ $200,000 $23,771 85021
18 Oak Grove OR $279,000 $29,019 97267
19 Pittsburgh PA $133,000 $28,176 15201
20 Port Charlotte FL $147,000 $21,950 33948
21 Raleigh NC $213,000 $31,145 27587
22 Rochester MN $168,000 $33,894 59901
23 San Angelo TX $189,000 $24,293 76903
24 San Marcos TX $198,000 $16,087 78658
25 Tucson AZ $174,000 $19,669 85701

Get Creative Minded and Build Your Vision

Let’s hope you’re not making the decision now after divorce, serious health issues, or big debt.  That’s what happens when you wait too long. When the time has come, you must act and sell your home. Don’t hang on for a few more years to get a few thousand more dollars. Take the gift you’ve been given by the economy now.

If you don’t know how to research and plan for such a future, find a professional with enthusiasm and talent for that sort of thing and hire them. Giving you focus to your future, inspiring you, and helping you smooth over the rough spots is well worth the fee. It’s an investment in you and your spouse and family. Don’t be traditional — get a solution that works today. The roles for advisors, marketers, and enablers have changed. You’re the master. Go with your intuition — it’s likely right on the mark.

The millennials who want to buy your home are looking for certain things besides the lowest price. Don’t forget to improve your home before putting it up for sale.  Staging isn’t enough when your goal is to sell it in a bidding war from hungry buyers who are all in to your marketing presentation.  You’ll discover the power of real estate marketing.  Good luck with your sale and if you seriously want to get the best price – I’m the guy who can introduce your home to the world and make it look like a mansion.

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Aurora Newmarket Real Estate Forecast – 2018 to 2020 | New Homes for Sale | New Construction Houses Condos Resale Properties

Real Estate Market in Aurora and Newmarket

Winter 2017/2018 was a quiet one. However with spring 2018 here, we’re seeing the Newmarket real estate market, Aurora real estate market and the East Gwillimbury market offering the best availability of old stock and new homes for sale in the Toronto region.

The new stress test rules have cooled the Toronto Real estate market, and prices have cooled in York region in particular. Last spring, Aurora, Newmarket, Vaughan, and East Gwillimbury were scortching hot markets with soaring prices for detached homes.

Aurora/Newmarket Home Sales Statistics

Screen Capture courtesy of Trebhome.com

As you can see in this chart below, home prices are very similar to 2 years ago before the bubble peaked. Active listings in Aurora has from 83 in May 2016 to 226 currently. And in Newmarket there is a much healthier 280 active listings compared to 102 in May 2016.  Not great, but better for buyers.



The issue in York region is similar to cities across the US and Canada — a lack of availability. Without anywhere to go, people are hanging onto their houses even as prices slide. Their buoyed by the realization that with government development restrictions suppressing housing developments in York Region, their home price will not fall much.

If there is a Toronto housing crash, the price drops in Aurora, Newmarket, and East Gwillimbury would be extreme as we saw through the latter part of 2017.  With the coming of the provincial election, we could see a new approach to housing in Ontario (although the PCs haven’t said they would ease the problem). The hope of a Toronto housing boom is fading with the NAFTA negotiations failing.

City Sales in January Home Price Index Change YoY Average Price
Detached House January 2018 Dec 2017 Nov 2017 Oct 2017 Sept 2017 May 2016
Aurora 28 -2.54 1,079,493 $1,033,353 $1,249,613 $1,280,888 $1,458,481 $1,160,286
Newmarket 33 -5.09 $871,412 $879,151 $763,071 $916,350 $895,191 $871,904
East Gwillimbury 15 0.26 $851,687 $769,624 $946,465 $1,013,350 $895,119 $766,528
Condo Townhouses
Aurora 3 $393,333 $455,000 $457,429 $926,643 $515,333 $622,570
Newmarket 0 $592,417 $577,500 $727,500 $584,543 $530,492
East Gwillimbury 0

Living in York Region

This spring in 2018, buyers might find that perfect house in York Region whether new homes for sale or old housing stock.  Traveling up the 404 or 400 to check out houses for sale in  Aurora and Newmarket  as well as Bradford and fast growing East Gwillimbury, buyers do like what they see.  To buy a home in Aurora, you may be looking at $1 million.

New Condominium on Jonway, Aurora
Brookfield Developments – Just off of Leslie, north of Wellington Rd Aurora
Multimillion Dollar home in West Aurora
This new development on the old Glenway Golf Course grounds is completed, although there hundreds of new homes being built toward Yonge St, south of Davis Drive. Check them out on the Newmarket new homes page.

Northern York Region continues to grow particularly as word gets out about new housing developments in Aurora and new homes for sale in Newmarket. and those in East Gwillimbury.

Newcomers are impressed with the quality of living in York Region with the open spaces, clean air, Cooks Bay to the north, the Durham forest to the east, and the small town living.

Aurora and Newmarket are perfect for growing families with the number excellent schools, libraries, recreation facilities, shopping, and a vibrant commercial/business area. These are communities with a definite character and high standard of living.




If you’re investigating the Aurora and Newmarket  or anywhere in Northern York region to buy a detached home or condo, you won’t be disappointed at the lifestyle in these quaint cities. Andas this most recent updated market report for 2017 suggests below, prices are appreciating and availability is being squeezed.

There are new housing developments here, some quite large, however most have already been sold out. It’s a seller’s market here like no other in York Region.

Check Homes for Sale in Newmarket or Aurora Right Now.

If you’re interested in buying or selling, send me a quick note in the form below and I’ll have an experienced and friendly realtor contact you. She’s very nice and you’ll enjoy her easy going approach. No Pressure!

gord2
Real Estate is about to be disrupted. Having a good digital marketer working for you is vital for best selling results

If you’re hoping to sell your home (at over asking?), consider having me help you build strong demand for your home online and with a private MLS listing. I may be a good alternative to a local Aurora or Newmarket realtor. I offer a very powerful selection of Digital Marketing Services. Rather than the realtor hiring me to do all the work, why not go direct and save tens of thousands in commission?

[bctt tweet=”York Region is forecast to grow to a population of 1.79 million and employment of 900,000 by 2041″ username=”@gord_collins”]

Population Growth to Boost Demand for Detached Homes

The Aurora/Newmarket area is a special urban zone just north of Toronto, Canada, surrounded by development-blocked scrubland called green space. This scarcity of usable, development land for housing is the number one driver of skyrocketing prices in these two towns and a current housing crisis for many residents. For investors and speculators alike, this region is worth a good look.

You’d be hard pressed to find anyone who doesn’t believe the housing market in the Aurora, Newmarket and Bradford area won’t boom for some time. Huge new housing developments being built currently on the west and east sides of these much desired towns are providing hundreds of new homes for sale. Those new properties are hot commodities.

It’s a testament to the popularity of the region and the growth in migration from Toronto and Mississauga, and from south YR to north YR. But without land, homes can’t be built.

Here’s some eye opening stats on how single detached home prices and listings have changed in the last 12 months in the Aurora, Newmarket, Markham, Richmond Hill area to give you some perspective before we continue.

 Sales Chart 2016 York Region Detached Home Sales Comparison September 2015 to 2016
City Average Selling Price September 2015 Avg Selling Price March 2017 YOY Price Growth Avg DOM 09/2015 Avg DOM 09/2016 New Listings Active Listings Avg Selling Price / Listing Price
Aurora $908,640 $1,381,668 33% 22 10 130 64 105%
Bradford E Gwillimbury $650,324 $1,166,594 33% 30 26 58 60 101%
King $1,183,743 $1,854,652 31% 59 28 159 125 100%
Markham $1,114,035 $1,680,833 35% 15 13 70 118 100%
Newmarket $734,830 $1,143,251 36% 18 11 194 104 105%
Richmond Hill $1,169,054 $1,835,719 30% 15 14 371 243 105%
Whitchurch-Stouffville $876,188 $1,369,276 33% 29 15 107 87 104%




Ontario Government – Places to Grow and Urban Intensification Act

Will mounting pressure on the Ontario government force the increase of more land for development? Will the lack of housing stock for resale jump prices another 28% in 2017, and throttle the market here in York Region? My guess is the slowdown forecast by expert housing analysts won’t happen until late summer next year. The Ontario government’s urban intensification plan and places to grow program will provide strong upward pressure on prices in Aurora, Markham, Richmond Hill, Stouffville and Newmarket. This is by design.

People want to live in Newmarket and Aurora and improving roads in the region will at least offer the illusion of a nice to commute to work yet the truth is, roadways have also been constrained along with housing development.  Buyers are hoping and waiting for new listings in Aurora/Newmarket but the wait may be long.  Just this summer the Ontario minister of Finance announced new rules that intend to restrict development even more.

Bryan Tuckey, president of the Building Industry and Land Development Association (BILD). “The net effect will be higher housing prices across the board.”

Home Prices in Aurora ON

This comparison of prices and DOM of the neighbourhoods in Aurora below should highlight how things have changed just in the last 15 months. The average home price in Aurora Estates has risen $250,000 and in the Hills of St Andrews, up a whopping $450,000!  Since active listings are down this year, it suggests home prices will rise further in 2017. Will they rise through to 2020? As long as the Toronto market remains hot and overpriced, demand will keep spilling into Markham, King, Vaughan, Stouffville, and Aurora.




While new construction developments on the east side are available, there is no room to grow. Price pressure will be enormous through 2020 and beyond. If prices have risen 22% in the last, we can safely project that demand will continue through 2020 if the Toronto economy and the US economy should hold during that time.yorkregionhomeprices-top

yorkregionhomeprices

aurora-home-prices

aurora-neighbourhood-home-prices-2016-2ndquarter

Luxury Home for Sale in Aurora WestPrices are rising fast and many homeowners who previously wouldn’t sell are finally coming to the conclusion that now is the time to sell. But the market isn’t about about to die. Even with the governments acting to add taxes and raise mortgage qualification requirements, the demand for homes in Aurora and Newmarket is high. Lately, Aurora home prices have risen faster than any other municipality in the Toronto area.

New Home Construction Developments in Aurora ON

St John’s Forest – Mattamy Homes sales office not open yet

Treasure Hill – Time Village on 25 Mavrinac Blvd. Aurora, ON

Aurora Trails – Arista Homes Sales Center at  corner of Wellington St. and Mavrinac Blvd Aurora, ON

Newmarket Home Prices 2015 to 2016

A look at Newmarket home prices in the last 15 months might help us determine what kind of price increases and availability will mark the 2017 selling season. Newmarket homes sell for about $400,000 less than in Aurora, however, as more homes are sold in Copper Hills in east Newmarket near the 404, and new developments north of St Johns Sideroad, and in Glenway estates (former Glenway golf course), the average home price should rise.

newmarket-home-prices-treb-1st-quarter2015

newmarket-home-prices-treb-2nd-quarter2016

Newmarket New Home Construction Developments – New Homes for Sale

Are you on the hunt for new homes for sale in Newmarket?

Copper Hills Phase 4 – Sales office at 1035 Poppy Lane, Newmarket

ESPRIT Newmarket – Presentation centre at 219 Davis Drive West, Newmarket

Glenway Phase II – Andrin Homes and Lakeview Homes presentation centre at 26 Lesmill Rd #3, North York.




The housing stock is predominantly new and categorized as luxury real estate as you can see in the Aurora homes galleries, the prices put Aurora and Newmarket homes in that category. Take a look at this gallery of Aurora luxury homes  and you’ll see what’s typically available for $1.5 million to $8 million here. You’ll find some beauties in what are spectacular neighbourhoods providing an unparalleled quality of life.

Please do read the Toronto Real Estate Forecast to get up to date on the factors that are pushing Southern Ontario real estate prices up. The major reason is a huge demand for housing in general and for single detached homes in general. Millennial buyers in particular are eager to leave their parent’s homes and buy, yet prices are staggering. Previously, availability in Newmarket and Aurora were severely constrained yet price hadn’t quite jumped yet. Now prices are shooting up fast because buyers and investors are learning more about these towns. Given how desirable living north of the Green belt is, buyer demand will continue.

Is this the right year to buy rental income property?  Find out more about the best investments in 2017 including investing in real estate.

Demand for homes in Aurora and Newmarket will likely not abate for some time. Speculation may increase considerably in the next few years since it’s believed the Ontario government will not alleviate the places to grow legislation. There is talk about how something has to give as discussed in this article in York Region News, yet prices will likely not fall anymore than they’d fall in other popular locations.  The GTA is growing and York Region is slated for growth as part of the provincial government’s plans.




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Sell Your Home Now – This is the Best Time!

Selling Your Home at the Top of the Market is Wise

So many babyboomers and Gen Xers are sitting on a fortune right now. Some own houses that have average value of over $1 million and they don’t need to buy lotto tickets.

If you’re stuck and feeling as though there’s no way you can cash out of the real estate lottery, you should be talking to a realtor who has ideas about selling your house for a fortune and helping you relocate.

In this post, I reiterate why you need to sell, and offer some ideas on how you can manage this very fortunate transition in your life.

The housing market doesn’t offer opportunities like this very often. Almost never. So good advice is to look into selling right now. Don’t hesitate because if your local market crashes, your  once in a lifetime opportunity – you lose. Get out before the tidal wave of listings begin. Markets that rise this fast are vulnerable to a crash.

In Toronto in particular, we could be looking at a burst bubble. Last summer the banks were sounding the Toronto housing crash alarm and with the quickening pace of prices in the GTA this year, home sellers should be ready to pull the trigger.

I have friends and relatives sitting on these fortunes and some are preparing to sell. They’re on the hunt for rental properties or moving onto new builds in other cities. In the grand scheme, this is such a smart personal move. The $200k to $600k profit they will make on their home sale, it would take them 10 years to earn that money in their jobs. 10 years of hard labor.

Buy low and sell high.

That’s traditional wisdom in real estate investment, and it still works today whether you live in Miami, Boston, San Diego, San Francisco or Los Angeles. The cycles of the housing market undulate like a roller coaster ride at Disneyland, and are we nearing the plunge (crash forecast) in a few markets?




costacoupleThe housing markets in Toronto, Vancouver, Los Angeles, New York, and San Francisco are seriously overheated and a plunge in 2017 might not be so exhilarating or good for your personal wealth. Selling now in these markets might be the wisest financial decision you’ll ever make.  You’ve got a short term where you can market your home online and build demand, perhaps even to get over asking price.

Some babyboomers bought their houses in the 70’s and 80’s and are now cashing in for 1000% profit. No one could foresee that kind of return, nor would any of them know they would be so incredibly wealthy from selling that property when they bought it in the 70s or 80s.

Do you need a professional, reliable realtor to help you prepare and sell your home? Contact me so I can connect with a good one with experience and a passion for selling.

Sharing is good for your social health. Pass this post onto your friends and neighbors. Buying and selling is serious business and they need the facts!




Mike Wall has the right idea and has a guide to help you do the right thing
Mike Wall has the right idea and has a guide to help you do the right thing – convert your equity on paper to real cash

How Could You Engineer Such a Feat?

It’s easy, and here’s 7 alternatives that can help you cash on what was a great ride in the realty market and now your maximum payoff in 2017.

  1. Move Somewhere else Cheap for a Year or Two. Just rent in those towns, (12 to 24 months is $18000 to $40,000) and get ready to buy or custom buid your next home when the market falls.
  2. Sell and use some of the funds to renovate your parent’s old place to create an income suite. Live in the income suite for a couple of years. You’ll break even and you’ll be ready to do a custom build somewhere cheaper.
  3. Check Your Weight, Blood Pressure and Stress Levels: look at how stressful and stagnant yours and your family’s life has become — it is worth it to keep on paying down a mortgage when you’re passing by an opportunity to profit in the hundreds of thousands – get a quote from a realtor about intelligent renovations and staging – let’s fatten this one for market and save your health (later on, you’ll recognize the toll your life as put on your health).
  4. Tax Free Costa Rica real estate
    Can you believe some places have Tax Free living?

    Move to Costa Rica or Belize – these countries require you to have an income of more than $3000/month (or a big bank account which you’ll have). Consider how much fun you and your kids are going to have – unaparalelled experiences, once in a lifetime thrills and fulfillment.

  5. Sell and move to a rural area – locations inland from LA, San Diego are amazing, as is central British Columbia, Muskoka and Haliburton, Northern California, Oregon, and Washington State and Colorado, upstate NY or in the Adirondacks, or how about near Phoenix? I wouldn’t mind some sunshine and warming heat to bask in. There’s a life of excitement, zest, passion and fulfilling experience that could be yours. You just need to make the decision.
  6. Build a custom home way out past the burbs and build in a rental income suite and get your next mortgage paid!  The renter could pay a good portion of your home loan and you’ll have plenty for a better education and travel experiences for your kids, not to mention a bigger yard for them to make every day fun.
  7. Sell your home, leave your job and start a new business. How about starting a new online business now that you’ll have the cash resources to make it go? You could use my digital marketing services to help market your home persuasively and for over asking price, then use my services to build your business and make it soar.  You could even live on Google Adsense revenue like I do! Let’s have crazy fun making videos and starting businesses in fun markets anywhere in the world!

Even More Reasons to Sell Your Home Now

Yes, there’s more reasons to sell your home now.  Perhaps you’re getting older and the commute to work is taking its toll on your health. This is no small matter. There’s lots of talk about telecommuting as traffic worsens everywhere, but guess what?  Despite rising costs like car insurance and gasoline, no one’s telecommuting.

staging
Barb Schwarz book on staging during a down market will be handy if you’re deciding to wait a while:)

Perhaps you need to begin thinking about fulfilling your dreams while you’re still young enough? Maybe markets outside Toronto, Vancouver, Los Angeles, San Francisco, Dallas, Seattle or Boston have excellent low priced homes at rock bottom prices that are about to start going upward on the price curve?

Accelerate your Family wealth. If you sell, you can give a portion of the proceeds to your kids, perhaps tax free, and let them invest in income generating property and pay off their mortgages.

Dark Thoughts – consider whether the economic fundamentals in both Canada and the US can sustain price growth and whether the next administration will tank the US economy.  In my Los Angeles housing forecast and US home price forecast, I pointed out how strong economic factors will likely prevail. In fact, things are good which means buyers are optimistic and willing to buy.  You need a buyer that’s motivated to pay you top price. If you wait too long, you may be stuck. New housing construction is on the rise.

Buyers are Hoping, Waiting and Voting for a Market Crash – A huge and growing market of Millennials want to buy a home but prices and mortgage rules are making that impossible.  They are waiting for the market to semi-crash so they can afford to buy.

Poor Market Awareness – The problem with the way most people buy and sell is that they don’t anticipate trends or respond to them fast enough We’re not economists, and even they haven’t been that accurate in the past.  It’s unlikely you’ll ever get a better price for your home in markets such as Los Angeles, Orange County, San Francisco, the Bay Area, Boston, Seattle, or Toronto. Although you’re probably getting sentimental about leaving your neighborhood, the rewards and benefits of moving on with your life are many. A new life in a location far from the aggravation, congestion, noise and smog of the city can revitalize your life.

If you’re a babyboomer wondering about the quality of your years ahead, that curiosity or doubt should be sufficient warning.

The fact is, tens of millions of babyboomers and Gen Xers right now are weighing the value and opportunity of selling and putting a new emphasis on quality of life. You’re not alone.

Is 2017 the right year to purchase rental income property?  Find out more about the best investments in 2017 including investing in real estate.




This Golden Opportunity Will Pass

Consider how the plunge of oil prices affected those in Calgary, Edmonton, Dallas, Houston, and North Dakota and how they saw their big investment plummet in value becoming a terminal debt sentence rather than a return on investment.

When the market is high, be smart, cash in and enjoy the results.  Move onto a new exciting home and business life where you follow your passions and enter a new phase of learning and growth. Your family will thank you for it.

Related posts: Toronto Housing CrashHousing Prices | Best Real Estate VideosBest Cities to Rent | New York Housing Outlook 2017 |  Mortgages | Car Insurance QuoteLos Angeles Housing Market | First Time Homebuyer TipsToronto Housing Market | San Diego Housing Market | Real Estate Agents | Future of Real Estate | Vancouver Condos | Toronto Condos | Vancouver Housing ForecastDigital Marketing for Realtors | Realtor Branding | Toronto MLS |  Calgary Housing Forecast | How to Choose a Real Estate Agent | Zillow Leads | Real Estate Investing

Real Estate Leads for Realtors in Los Angeles, Phoenix, Denver, Seattle, Chicago, Boston, New York, Dallas, Houston, San Antonio, Austin, St Louis, Minneapolis, Green Bay, Charlotte, Tampa, Miami, Orlando, Toronto, Vancouver, Montreal, Ottawa, Oshawa, Hamilton, Newmarket, Richmond Hill, Oakville, Calgary, Kelowna, Mississauga, Anaheim, Beverly Hills, Malibu, San Diego, San Francisco, San Jose, Oceanside, Long Beach, Huntington Beach, Carlsbad, Santa Clarita,  Henderson, Mesa, Temecula, Kirkland, Redmond, Kansas City, St Louis, Stockton, Scottsdale, Palm Springs, Indianapolis, Fort Worth, Chula Vista, and Escondido.

GordCollins.com – Exceptional Marketing Services for Real Estate Agents

 

First Time Buyers — A House or Condo is a Great Investment

First Time Home Ownership – It’s Time to Buy Your First Home

Your dream of owning your own home is a smart investment and it’s doable. It’s been that way for a century. With all the negatives you hear about the economy, home prices, huge down payments, and the cost of living, you may have been pushed  into a state of denial and apathy.

First time homebuyers, it’s time to wake up and get your slice of the housing market.  But, before you contact a real estate agent and mortgage agent, let’s get you pumped up!




real-estate-salespersonOne of the keys to happiness and success is the belief in limitless supply, personal ability, investment opportunity, resources and potential wealth. Believing this way puts you into a great frame of mind that help carry you through no matter what home buying frustration you face. It’s a buffer against the negative insanity the system throws at you.

There are no limits, only what we impose on ourselves through our beliefs. So if you’ve given up on home ownership, you’ve accepted a unworthy, negative and potentially harmful belief. Time to get positive about real estate investment and home ownership.

To succeed at anything, we need to dream up all the paths to our goal. If you don’t have money, you could borrow it, partner with investors, find government home ownership programs, earn it, or get your relatives to help you out.

You don’t necessarily need 20% of the purchase price of a home to buy. How many people have $100,000 to put down on a home purchase? There are mortgage and financing solutions available.




californiapricegrowth

If builders are building, and the economy isn’t going to tank, buying a home is likely a good investment from New York to San Diego.

Owning a home is usually a great idea even if prices are high. Prices on homes will always go up and they rarely go downward. There’s plenty of demand because a so many millennials and baby boomers need a home for one reason or another. That’s why prices are high. They’re also high in many cities due to a lack of development land. If legislators in your state or municipality are eager to suppress development, then there will be strong demand for the few homes there. And if they open to development, the influx of new buyers will drive up land and home prices.

Check out mortgage rates on a $600,000+ home in Beverly Hills for a buyer with a ordinary credit rating and less than $20,000 down.

lendingtreerates

Buying a Home has Infinite Benefits

That’s right, infinite benefits. If you’re between 25 and 35, ownership of a home represents an excellent long term investment. Having a home (large investment) also helps keep your life focused, stable and productive.

This is a key reason why older generations have pushed their kids into buying homes in the past (when homes were cheap).

Renting in contrast, has an aimlessness about it that keeps renters floating along never setting their feet on the ground and never building equity. Instead, they see all their hard earned money siphoned off by landlords and they find it hard to get a feeling of putting down roots as they say.

When they’re older, renters can’t help but look back with severe regrets about the hundreds of thousands of dollars they gave away. Picture yourself at 60 with nothing to show for a lifetime of toil in 9 to 5 labor.



Great Tip: If you have a work at home business, you can write off your business expenses which helps pay down your mortgage sooner.

The Smart Choice is to Buy a Home

But not you. You have a choice to make right now to keep your hard earned dollars and invest them in something that will have an immense value 30 years from now. Many buyers in the 70s and 80s are now selling their homes for 3 to 4 times what they paid for them. Some in the 60s might get more than 20 times what they paid.

Whatever your house or condo is worth in the years ahead, it’s yours. That’s the point. You will feel more comfortable every day of your life, more secure and confident knowing you own the property you live on. That sense of security, belonging, and confidence is important.

In California, Texas, Illinois and New York state you don’t need a down payment. You can borrow for the entire purchase. If you have credit card accounts, you may be able to ask for a raise in your CC limits to use for the purchase of a home.

 

Remember, that renter’s don’t get tax credits, but homebuyers do! Visit market watch to discover what tax credits you might qualify for .

The Downpayment Problem — Solved!

Having money for a down payment is always good. If you’ve got a bank of mom and dad, use it if you can. On a traditional home mortgage you will need 3% down payment. If you can raise 5% for your home purchase, a wider array of financing options become available because of how you look better to lenders. If your loan amount for the home purchase is above $417,000 for a single family home, you’ll have to raise 10% using with conventional financing. This will be called a Jumbo loan.

If your downpayment is zero or a low percentage, you’ll need mortgage insurance. The FHA or Federal Housing Administration insures mortgage loans with as little as 3.5% down payment. In California, the loan limit is up to $520,000.




See what your loan limits are in California:

californiahousingfinanceagencylogoVisit the California Housing Agency to discover education and home loan programs to help you buy a home. They have assistance, advisors, first time buyers education courses, info and guidelines to learn on program eligibility and property eligibility.

Don’t forget local county programs. Most cities and counties in California for instance have homebuyer assistance programs designed for their residents. These may include loans for first time buyers, down payment assistance, and funding for property rehabilitation.

The USDA offers programs to help buyers in rural areas. USDA loans don’t require putting any money down, however USDA has eligibility requirements, including income and property size.

usdalending

Check out Freddie Mac’s HomeSteps program of homes for sale.

freddiemacbuyers




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New Homes for Sale in Richmond Hill

New Home Developments in Richmond Hill ON

richmondhillAlmost quietly, Richmond Hill has grown to almost 200,000 residents which is Canada’s 26th largest city.

The astonishing speed of population growth is due to the fact it is covers a large area north of Toronto, and many Toronto area homeowners are selling and moving to Richmond Hill.

Looking for new homes in Aurora, Newmarket, Vaughan or Mississauga?

What gives Richmond Hill its special flavour is its proximity to Toronto to the south and the green belt to the north. With the spaces to grow act in full force, Richmond Hill is poised to keep its distinctive lifestyle advantage. Being so close to Toronto is a boon to businesses and career minded people.




Richmond Hill is about as far as most Toronto businesses will go to find service and product providers. The exodus of Toronto businesses to the 905 area code, and a wealth of educated workers of many nationalities has made Richmond Hill a strong economic force.

It only makes sense that where such excellent economic and lifestyle advantages exist, that demand for new homes in Richmond Hill would be strong. Richmond Hill’s population has a varied ethnic makeup comprised of 33% asian, 33% east indian, and 46% caucasian. New buyers of monster homes in the city have inspired some exciting new designs which you can see below in the Richmond Hill new homes gallery.




There are numerous small new home developments, custom builds taking place in Richmond Hill on an ongoing basis. One of the bigger developments you should be aware of his Richmond Green located at Bayview Avenue and Bloomington Rd.  A number of builders have announced new home developments here including Mattamy Homes and Regal Crest who have built new luxury homes in Vaughan.

Surrounded by beautiful parks, landscapes and trails, Bayview Gates is situated in a peaceful environment. The community offers the best of both the serenity of the countryside and luxuries of city. — from Regal Crest Homes.

Monster Homes in Richmond Hill

Here’s just a small sample of some of the newer mega-homes that have been built in Richmond Hill of late. Many are adorned with soaring high pitch roofs, stone facades and of course huge interor square footage.

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Acorn Homes is about to launch phase 2 of Oak Knoll near Yonge St and Bloomington Rd. Phase 1 saw the construction of a large number of luxury homes.

Current MLS Resales Statistics in Richmond Hill

Resale property transactions were evenly spread throughout Richmond Hill’s 18 MLS districts. The northern area of the city is where you’ll find new multi-million dollar mansions and custom builds.

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Bayview Gates at Richmond Hill

Regal Crest Homes is announcing homes ready for occupancy in October 2016 in a new community call Bayview Gates at Richmond Hill.




Check out the floorplans.

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New Homes for Sale in Vaughan

The Vaughan Real Estate and Community Development Report

The city of Vaughan is still a mystery to many people in the GTA yet this fast improving community is serving up some big lifestyle benefits for residents. The development plan for Vaughan is audacious and exciting as these videos below reveal.

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Vaughan’s logo
This post offers a good look at the city and a selection of the stunning new construction homes being built here by some of the GTA’s top home builders.

If you asked the average York Region resident where the boundaries of Vaughan were, they would give vague references to Brampton, weston road or Woodbridge.

The fact is that Vaughan occupies some of the most cherished property in Metro Toronto and its adjacent to Bathurst St.  Vaughan is gaining an identity.

People are only becoming aware of Vaughan because they’re engaged in the process of buying or selling a home. GTA’s underdog community is getting a lot of attention. If you’re living in Toronto but looking to enjoy the suburban lifestyle with a short commute, Vaughan might be to your liking.




Prices of homes in York Region rose the fastest during the spring of 2017, yet the bubble has passed, and prices have receded considerably from 6 months ago.  Yet prices new homes are selling for in Vaughan tells us that Vaughan is popular. It’s a beautiful new comunity in an ideal location.

In fact, homes being sold here are a rare opportunity within Toronto’s borders.

Surprisingly, monster homes being built on the west side of Bathurst are not Richmond Hill homes — they’re Vaughan homes. Vaughan’s former elite residential neighbourhood called Woodland Hills has a good number of multi-million dollar homes yet this region is more a flashback to old Canadian money. The new money is pouring into Vaughan, Markham, and Aurora.

Vaughan has all the advantages of communities that border Toronto and near to Mississauga (Markham, Richmond Hill and parts of York Region and Durham Region) and that includes economic, retail shopping and professional services, along with quick access to the recreational and cottage areas north of Toronto.

The Plan for Vaughan – An Ultramodern City




Vaughn Library Courtesy of the Globe and Mail

If the prices of Vaughan new builds are too expensive or too much house for you, check out homes for sale in Newmarket, and new homes in Aurora for sale.

House Prices Flat in Vaughan

In First quarter of  2017, 1290 homes, condos, townhouses, apartments were sold in Vaughan at an average price of $1,212,175. That’s a growth of $340,000 over 1st quarter 2016 prices. A whopping increase likely due to the number of new construction monster homes, which you can see below, and due to the bubble in early 2017.

Post Bubble Period:  Last month, October 2017, 133 detached houses were sold at an average price of $1,280,906 which is just $6,000 above July’s average price of $1,273,340. Post bubble, home prices are flat.

The Community of Patterson, Maple,, and Vellore Village account for the bulk of resales in the last 16 months.

If you’d like a breakdown of Vaughan homes by community, check out the report from TREB.

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Upper West Side Community in Vaughan

uwssign5 home builders (Aspen Ridge Homes, The Conservatory Group, CountryWide Homes, Regal Crest Homes and Townwood Homes) are partners in a new awesome housing development on the east corner of Vaughan called Upper West Side in Thornill.  This development is located on 71 hectares of undulating hillside and natural ponds (180 acres containing 800 homes with 40 to 50 lots and 3,000 to 8,000 square feet interiors). The homes feature traditional architectural styles including Tudor, Beaux Arts and Georgian as well as contemporary designs.

It’s one of the last residential development areas in the GTA with lush pristine green space. Well, some of it is lush, the rest has been clearcut and wiped clean for the development of these monster homes.

This is something very new for York Region and a unique opportunity for buyers. As Countrywide says “Upper West Side in Thornhill Estates is the last remaining residential area that is lush with pristine green space.”

Homes being built are enormous and there are hundreds of them. The Upper West Side development from Country Wide Homes, contributes a little to the price of homes sold on the MLS. This mega housing project is still growing, is just off of Bathurst St, above Major Mackenzie.  The homes here mark a departure from the usual traditional Canadian design as you can see in the gallery below.

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UWS has one large central park and the elevation and expansive views include downtown Toronto and the CN Tower in the distance.

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Interior pic courtesy of the National Post

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Check out more of the features of UWS homes for sale. You may not be getting the ultra finished amenities you expect however here’s a list of the best interior and exterior features that UWS homes provide:

  1. 10 foot ceilings on main floor, and 9 foot ceilings in basement and second floor (excluding areas due to mechanical or structural requirements)
  1. English, Italian, French and Modern inspired architecture utilizing brick, stone, stucco and architectural board, as per elevation.
  2. Imported 13″ x 13″ tile flooring in foyer, main hall, kitchen, breakfast area, powder room, laundry room and all bathrooms, lower finished foyer
  3. 2 x 6 exterior wall construction with R22 insulation value and R50 attic insulation.
  4. French doors at rear and/or leading to porches/patios, as per plan.
  5. Copper accent roof(s), as per elevation, all other roof areas to receive 40 year self-sealing shingles
  6. Capped gas line at rear of home for future BBQ hook up
  7. Complete central vacuum system located in garage.

If you’d like to see the floorplans of these homes, see Regal Crest Homes gallery of 80 unique floor plan models.

Screen Capture courtesy of Regal Homes

Hope you enjoyed this first gallery of new homes for sale in Vaughan. Please also see new homes in Aurora, and new homes in Newmarket.




The Toronto real estate market is very bright.  Demand for homes is strong.

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New Home Developments York Region

New Housing Developments in York Region 2016 2017

There’s overwhelming demand for detached, new homes in Aurora and Newmarket, Richmond Hill, Vaughan, and the rest of York Region. Yet there’s no matching supply of homes for sale from York region’s new home builders. The good news for buyers from Markham, Richmond Hill, Toronto, Vaughan and Scarborough, is that a few active developments are busy with a couple of interesting new offerings of detached houses and townhomes: Aurora new homes, Newmarket new homes, and Vaughan new homes.

newmarket-homes5Are looking to buy a home? If you’re a home hunter, you’ll likely be salivating over these amazing new offerings from Brookfield, Lindvest, Sundial Homes, Opus Homes, Mattamy, and Regal Crest and Countrywide and others. While many are sold out, there may be an opportunity to buy them as a resale.

[bctt tweet=”The GTA is the leading $1 millon+ market in Canada, and is the 2nd hottest luxury home market in the world #Toronto #Luxury #Canada” username=”@gord_collins”]

It’s a frequent situation that sees regular real estate agents trying to feed a frenzied buyer market. As these excellent neighbourhoods come into existence, we’re seeing exponential improvements in roadways, transit, city parks, and in new retail developments. New retail malls are popping up on Greenlane, Bayview Avenue, and St Johns Sideroad to fill a burgeoning consumer demand in Aurora and Newmarke. And in Richmond Hill, Markham and Vaughan, the Vaughan Mills Centre and redeveloped Hillcrest Mall are serving growing populations.

Check Homes for Sale in York Region Right Now.

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It’s all about modern lifestyle, convenience, and very pleasant communities to live. Come and check out York Region’s best neighbourhoods and newest home developments in Aurora, Newmarket and Vaughan.


As Opus Homes suggests, there is a peaceful and serene countryside lifestyle here that will take the stress out of your life. Your kids will be safe and the schools (St Andrews College and Pickering College) are exceptional. New schools are being built to serve the communities.

New Homes in Newmarket and Aurora

You’ll see plenty of photos below of new homes being built in Newmarket and Aurora. You’ll also notice there is still a good amount of land available on the east side of Aurora and Newmarket, west of the 404. Mattamy, Brookfield, Opus Homes and other home builders are producing a collection of beautiful brick and stone exterior homes that you’ll be awestruck by. I’m most impressed with Opus Homes.

And if it’s older homes you’d rather own, there’s a good number of luxury homes for sale, and some not for sale, yet. On any street in Aurora or Newmarket are for sale signs where you’d never suspect you’d see them. Everyone has their price and at these prices lately, many current residents are choosing to sell. If you want to live in Aurora or Newmarket, you can find a way.





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