tamgadmin – T.A.M.G Realty Incorporated

11 September, 2022

New home sales fall to lowest rate since 2016

New home sales fall to the lowest rate since 2016

New home sales fall to the lowest rate since 2016, signaling a worsening housing market and possible Economic headwinds.

The current cavalcade of weak property information proceeded with the most up to date new-home sales numbers from the United States Demographics Bureau and the U.S. Department of Housing and also Urban Growth. The record disclosed that new single-family house sales in July can be found in at a seasonally changed yearly rate of 511,000 devices.

That’s down 12.6% monthly as well as 29.6% annually, being up to the most affordable new-home sales price in six-and-a-half years. New-home sales have plunged given that peaking at a seasonally readjusted annual rate of 993,000 units in January 2021. That level of sales was the greatest because 2006.

Still, inflation integrated with a hostile monetary plan action from the Federal Reserve has brought about a dual whammy of high residence costs and also an elevated home loan rate setting. Cost, consequently, has cratered and also driven numerous formerly bearish buyers to the sidelines.

” Decreasing price has priced out customers from the marketplace, and financial uncertainty has added to buyer doubt,” stated Odeta Kushi, deputy principal economist initially American Financial Corp. “In July 2022, only 8% of new-home sales were valued listed below $300,000, compared to 22% one year back. Pre-pandemic, in July 2019, 47% of new-home sales were priced below $300,000.”.

A Reuters survey of economists projected new-home sales at 575,000 systems for the month. Although the drop in July was much more substantial than expected, it wasn’t a shock considering the extensive air conditioning across the household realty landscape. Year to date, new-home sales are 15.7% below the rate set during the same time frame last year.

Residential contractors, subsequently, have actually reduced their building tasks immensely, with single-family begins plummeting to a 17-month reduced. At the same time, building contractor sentiment, as determined by the National Association of House Builders (NAHB), fell to a new low given that the starting phases of the COVID-19 pandemic.

” The disappointing sales rate mirrors a continuous decrease in builder belief as raised mortgage rates and also higher construction expenses are pressing much more customers out of the market, especially entry-level buyers,” claimed Jerry Konter, NAHB chairman.

” The sharp drop in new-home sales is an additional clear sign that housing remains in an economic downturn,” said Danushka Nanayakkara-Skillington, NAHB’s assistant vice president for projecting and evaluation. “The mix of greater costs and also enhanced rates of interest are creating a noteworthy slowing down of the real estate market.”.

One silver lining in the sales data is that the thaw in sales has aided the stock of brand-new homes recover to undetected degrees for greater than a year.

The variety of new residences to buy at the end of July was estimated at 464,000– the most considering that first-quarter 2008. This equates to 10.9 months of supply at the current sales pace, up 81.7% from one year back.

The slowdown in purchases likewise has actually aided to solidify home-price growth, which continues to be historically high however has seen some small amounts in recent months.

The mean home cost for brand-new residences rose 5.9% month-to-month and 8.2% yearly to $439,400. For context, the pandemic-era high in yearly price gains was 24.2%, seen in August 2021.

that’s it for the article on “New home sales fall to the lowest rate since 2016”.

New home sales fall New home sales fall New home sales fall

31 July, 2022

Rejuvenate Your Home’s Interior

by tamgadmin

Tips To Help You Rejuvenate Your Home Interior

If you want to sell your house as quickly as possible, it is important to ensure your residence boasts a dazzling interior. Because if buyers fall in love with your residence as soon as they step inside of it, you may be able to reap the benefits of a quick, profitable house selling experience.

Now, let’s take a look at three tips to help you rejuvenate your home interior.

Eliminate Clutter

Clutter is a problem for many home sellers, and it may make it tough for a seller to show off the full beauty of his or her residence to potential buyers.

Dedicate time and resources to remove clutter from your house – you’ll be glad you did. If you have excess items, you can always sell these items or donate them to charity. Or, if you have assorted items you want to keep, you can rent a storage unit to keep these items safe until your residence sells.

Depersonalize Your Home

Antiques, paintings and various personal belongings have helped your transform a house into a home. Yet these personal belongings may make it difficult for a buyer to picture what life may be like as the owner of your residence.

Oftentimes, it helps to remove personal belongings from your home before you add it to the real estate market. If you make it easy for buyers to imagine what life could be like if they purchase your home, you may be able to help them decide whether your residence is the right choice.

Clean Your Home For Better Home Interior

Buyers likely will shy away from a dirty, messy home. Conversely, a home seller who cleans his or her residence from top to bottom can boost the likelihood that this house will make a positive first impression on prospective buyers.

Home cleaning should be performed regularly. If you need extra help with home cleaning, you can always hire a professional home cleaning company as well.

As you get set to add your residence to the local housing market, you may want to hire a real estate agent too. A real estate agent can offer recommendations and suggestions about how to improve your residence’s interior. Furthermore, he or she will do whatever it takes to help you optimize your home sale earnings.

Let’s not forget about the guidance that a real estate agent can provide at each stage of the home selling journey, either.

A real estate agent will showcase your residence to prospective buyers, help you analyze offers to purchase your house and much more. And if you ever have home selling concerns or queries, a real estate agent is prepared to respond to them at a moment’s notice.

Ready to revitalize your home’s interior and enjoy a successful property selling experience? Use the aforementioned tips, and you can improve your house’s interior and take a step to distinguish your home from comparable residences in your city or town.

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Try These Delicious Coffee Desserts

by tamgadmin

Delicious Coffee Desserts

You don’t have to worry about putting on a pot of coffee after dinner when you use these recipes. Make coffee part of your dessert for a delicious treat with just a touch of caffeine.

Delicious Coffee Desserts & Whipped Cream Brownies

A bit of instant coffee and some heavy whipping cream can spruce up regular brownies. Give this recipe a try for creamy brownies with a caffeine kick. To make this, you’ll need to gather the following ingredients:

3 oz chopped unsweetened chocolate
1/2 cup butter
1 tsp vanilla extract
1 cup sugar
2 eggs
1/4 tsp baking soda
2/3 cup flour
1 tsp instant coffee
3 tbsps heavy whipping cream
2 tbsps softened butter
1 cup confectioners’ sugar
1/3 cup heavy whipping cream
1 cup semisweet chocolate chips

Start making this tasty brownie recipe by melting the unsweetened chocolate and butter in the microwave. Stir the chocolate and butter, and let this mixture cool a little. Beat eggs, vanilla and sugar in a small bowl, then add the chocolate mixture.

Add flour and baking soda to the mixture, then stir. Grease an 8-inch baking pan, and add the brownie mix. Bake for 25 to 30 minutes at 350 degrees, then remove the pan from the oven and let it cool.

To make the coffee and cream layer, add the coffee to the heavy whipping cream. Let the coffee dissolve, then add the butter and confectioners’ sugar. Beat this mixture until it’s light, then spread it over the brownies. Place the brownies in the fridge until the coffee and cream layer sets.

To make glaze for your brownies, cook the chocolate chips and heavy whipping cream in a small pot on low heat. Let the melted chocolate mix cool, then spread it over the coffee and cream layer on the brownies. Let the glaze set for about 30 minutes before cutting and serving the brownies.

Coffee Ice Cream Cheesecake Pie

When you can’t decide between ice cream and cheesecake, combine both with this simple recipe. All you need to make it are the following ingredients:

2 8-oz packages of softened cream cheese
1/2 tsp vanilla extract
1/3 cup milk
2/3 cup powdered sugar
1 pint of softened coffee ice cream
1 pre-packaged graham cracker pie crust
1/2 cup chocolate chips

To make this recipe, beat the softened cream cheese with an electric mixer until it’s smooth. Add the milk, vanilla and sugar to the cream cheese, then beat until it’s creamy. Add the softened ice cream to this mix, then beat until it has a smooth texture.

Add this ice cream and cream cheese mix to the graham cracker pie crust, then place in the freezer for up to 4 hours. Once the pie is firm, it will be ready to eat. Melt the chocolate chips in a saucepan on the stove or in the microwave, then pour the chocolate mix onto the pie before serving.

Locate Your Dream House

by tamgadmin

How to find Your Dream House

If you want to quickly find and acquire your dream house, it generally is beneficial to narrow your property search. Because if you focus on available homes in a select group of cities and towns, you may be able to speed up the process of buying your ideal residence.

Now, let’s take a look at three tips to help you locate your dream home.

Consider Your Short and Long-Term Aspirations

Think about where you want to be in the next few years. Then, you can map out your home search based on your short- and long-term goals.

For instance, if you currently work in a big city and intend to stay with your company for many years, you may want to search for a residence in the city itself. Or, if you plan to start a family soon, you may want to focus on houses near parks and schools.

You should try to be flexible as you begin a home search too. Remember, even the best-laid plans won’t necessarily come to fruition. But if you maintain flexibility, you could find a home that will suit you perfectly both now and in the future.

Create a Budget

The homes in large cities tend to be more expensive than those in small towns. Fortunately, if you craft a homebuying budget, you can determine where you can afford to reside and plan accordingly.

Oftentimes, it helps to get pre-approved for a mortgage. If you meet with banks and credit unions, you can learn about myriad home financing options. Next, you can select a mortgage and enter the real estate market with home financing in hand.

If you have concerns as you pursue a mortgage, don’t hesitate to ask questions. Banks and credit unions employ expert mortgage specialists, and these professionals are happy to provide you with the insights you need to make an informed home financing decision.

Collaborate with a Real Estate Agent

If you are uncertain about how to approach a home search, there is no need to worry. In fact, you can hire a real estate agent who can help you identify your dream residence.

A real estate agent is dedicated to client satisfaction, and he or she will work with you to make your homeownership dream come true. First, a real estate agent will help you narrow your house search. This housing market professional then will keep you up to date about available homes in your preferred cities and towns.

Once you find a house you want to buy, a real estate agent will help you submit a competitive offer to purchase this residence. Finally, when you are ready to close on a house, a real estate agent will help you complete your home purchase.

Dedicate time and resources to find your dream house – you’ll be glad you did. Thanks to the aforementioned tips, you can accelerate the process of locating your ideal residence and acquire a house that can serve you well for years to come.

Is a Beach House Right For You?

by tamgadmin

Is a Beach House Right For You

Having a home on or near Miami Beach can be a dream come true. It can be a peaceful place to live, with breathtaking views, the smell of the ocean and cool breeze flowing through your home. While you fall asleep listening to the waves, the cost may outweigh the benefit. Here are a few things you should consider:

Weather

If you live on the beach in South Florida, you will probably be ordered to evacuate the minute a tropical storm or hurricane is near. That could get pretty tiresome if it’s an active year.

Natural risk

When you live near the water, rising sea levels can impact the shoreline and some of your property. Additionally, waterfront properties are known to suffer wind damage when least expected. Without a doubt, flood insurance will be required.

Upkeep

Maintenance can also be a headache. Homes near the water can be affected by the mist, the humidity and a certain level of dampness which could encourage mold. Salt from the ocean could also affect the home’s exterior appearance, and affect the grounds, as well as items you have inside.

Availability

Let’s face it – people who want to live near the water are always in demand. Finding one that is reasonably within your budget may be difficult. The upside? Because they are in demand, they retain their value much longer.

Even with all those things that may make you second-guess your decision, think of the positives. You’ll have a front row seat to water activities and won’t have to pay fees to house your boat.

Imagine being able to look outside and watch the annual boat show from your own private balcony or deck? Family gatherings are also full of fun when you’re right there on the water with accessibility to water sports and other activities.

One of the main perks of living on the water is the privacy. In South Florida, that’s definitely in limited supply, so being able to have your own little slice of heaven on the water away from all the noise of the city makes it all worthwhile.

If you decide to purchase a waterfront property, now you know what to do to keep it in pristine condition. Knowing before you buy makes a world of difference when making the final decision. If the view is your main concern, a high-rise condo on the beach may be just the thing.

How to Secure Conventional Loan

by tamgadmin

This article will allow you as the reader to learn about 6 ways for How to Secure Conventional Loan. A conventional loan is the most common type of mortgage used to secure a home purchase. Conventional loans are backed by private lenders and typically conform to the standards established by Fannie Mae and Freddie Mac. In order to qualify for a conventional loan, you must meet several specific requirements.

6 Tips for How to Secure Conventional Loan

Debt-to-income ratios.

In order to qualify for a Secure conventional loan in a specific amount, you must meet the lender’s established debt-to-income ratio requirements. This means that you must show that the ratio of your revolving monthly debts to your monthly income does not exceed a certain percentage.

Down payment.

To qualify for a conventional loan, you must typically make a large payment upfront known as a “down payment.” Ideally, this payment should equal at least 20 percent of the cost of the home. However, if you cannot pay 20 percent down upfront, a smaller down payment may be acceptable. If your down payment is less than 20 percent, the lender may require you to pay mortgage insurance, which will increase your monthly payment amount.

Credit score.

To qualify for a conventional loan, you must have a decent credit score. The minimum credit score required is usually around 640, but exceptions can sometimes be made for a lower credit score. It is important to note that your credit score may have an impact on your mortgage interest rate. In general, borrowers with higher credit scores will qualify for better interest rates than borrowers who have lower credit scores.

Income stability.

Before your Secure conventional loan can be approved, your lender will want to see evidence that you have a reliable source of income. Your lender may ask to see records of your employment history, as well as evidence that your job is expected to continue.

Loan limits.

Conventional loans are subject to limits with regard of the maximum amount you can borrow. Your loan must fall within these limits in order to qualify for your lender’s program. The specific limit varies according to your location.

Credit history.

Before approving your loan, your lender will review your credit history. If you have negative entries, such as missed payments or accounts in collections, you may be asked to provide an explanation.

Requirements for conventional loans may vary by lender. Some specific borrowers, such as those with a short employment history, may also need to meet additional requirements.

To find out the exact requirements you must satisfy, contact a lender to discuss your desired loan.

Should You Request a House Showing?

by tamgadmin

Should You Request a House Showing

Requesting a home showing usually is a great idea if you find a residence you may want to buy. In addition, there are many things you can do to get the most out of any house showing, at any time.

Now, let’s take a look at three tips to help you attend a home showing and determine if a particular residence is right for you.

Analyze All Areas of a Home

A home showing enables you to get an up-close look at all areas of a residence. Thus, you should examine each room in a house during a showing so you can envision what life may be like if you acquire this residence.

Don’t forget to walk around outside a house, too. By doing so, you can evaluate a home’s yard and other outdoor amenities, as well as the condition of a house’s roof and siding.

Don’t Hurry

There is no need to feel rushed during a house showing. Instead, take as much time as you need to walk around a house and perform a full property evaluation.

If you find you still want to know more about a home after a showing, don’t stress, either. You can always request a second home showing to further evaluate a residence at your convenience.

Ask Questions

A home showing provides an unprecedented learning opportunity. As such, you may want to ask questions as you walk around a house so you can receive instant home insights from a seller’s agent.

Furthermore, it is crucial to remember that there is no such thing as a “bad” question. If you are unsure about whether a house suits you perfectly, ask questions about the residence. That way, you can gain the insights you need to make an informed decision about whether to submit an offer to purchase a home or continue your house search.

As you get set to embark on the homebuying journey, you may want to collaborate with a real estate agent as well. This housing market professional can help you prepare for a house showing, along with provide insights into the homebuying journey that you may struggle to obtain elsewhere.

If you view a house with a real estate agent, for example, you can follow up with this housing market professional after the showing. Next, a real estate agent can help you weigh the pros and cons of a residence. And if you decide you have found your dream home, a real estate agent can help you put together a competitive offer to purchase this residence.

For homebuyers who are on the fence about whether to request a house showing, you may want to consult with a real estate agent right away. With a real estate agent at your side, you can get the support you need to streamline the homebuying journey. As a result, you can work with a real estate agent to find and acquire your dream residence without delay.

What Should You Do If You Suspect Identity Theft

by tamgadmin

What Should You Do If You Suspect Identity Theft

Identity theft is an issue that has become more common since the digital age has bristled and bloomed.

Many people are victims of phishing scams – an online predator steals your identity by impersonating a respectable institution and takes your sensitive information, financial information being stolen from non-secured sites, hacking or good, old-fashioned credit card theft, to name a few.

Every form of Suspect Identity Theft can lead to severely damaging credit reports and scores, and may affect whether or not you’re able to purchase your next home.

Are you a victim of identity theft?

Often, your financial institution will contact you if they suspect suspicious activity on your accounts. As an account holder, monitoring these accounts or setting up an extra layer of security notifications will also help you figure out when someone is trying to steal your identity.

Some of the tell-tale signs of identity theft can include a rapidly plummeting credit score, random accounts appearing in your financial hub, notification of attempted loan applications via mail, etc.
What should you do if you think you’ve been targeted for Suspect Identity Theft?

Freeze Your Credit

You can put a freeze on your credit by contacting the three major credit bureaus. When doing so, feel free to report that you suspect you’ve been targeted for Suspect Identity Theft.

Once you place the freeze on your account, creditors will have to verify that they have done their due diligence in confirming your identity should they wish to open a new account for you or check your credit report.

Send a Fraud Alert

You may also want to send a fraud alert out to the credit bureaus. Doing so informs them that there’s been a breach in your personal security, and you’re trying to amend the situation.

Check Your Credit Report

Monitor your credit report to see where things went awry. You are entitled to one free credit report per year, so make the most of it. Obtaining your credit report should allow you to pinpoint exactly when the fraudulent activity started and give you some insight into what was going on at the time.

Talk to the Debt Collectors

If someone has taken advantage of your credit and your identity, there’s a good chance you’ll be receiving some information from debt collectors; especially if you were unaware that the debt was being racked up in the first place.

The best thing to do is give them a call and find out exactly which debt they’re collecting on, who they’re acting on behalf of and get any other information that may pertain to your identity being stolen.

File a Report

Suspect Identity theft is a heavy crime and should be reported to the police immediately. After reporting with the Federal Trade Commission (FTC) and getting your report, be sure to have an official government ID with photograph, all current mailing information and any other reports that you’ve collected stating that your identity has been stolen.

Many Americans are afflicted by identity theft every year. Once the issue has been halted and is monitored carefully, you may want to start rebuilding. Request a new card from your credit card company and bank.

Keep an eye on those accounts, protect yourself by taking the extra security measures of shopping on secured sites, requesting verification from anyone asking you for sensitive information and checking your credit activity often. This will lower your chances of undergoing a second attack.

that’s it for the article on guide of “What Should You Do If You Suspect Identity Theft”.

Home Staging: Basic Tips That Work

by tamgadmin

Home Staging Tips

If you’re like most people who are beginning the process of putting their homes up for sale, you’re probably aware of the concept of home staging. Home staging Tips is a strategy used to present your home in a good light to prospective buyers by creating a warm, welcoming environment.

Typical home staging Tips, techniques include burning scented candles, placing vases of fresh flowers in every room, and having something delicious and warm-from-the-oven in a conspicuous location on the kitchen counter.

However, these strategies have become so overused that today’s savvy homeowners are possibly immune — after all, when buyers see the same thing in every home they look at, the magic starts to wear thin. Fortunately, there are home staging Tips, techniques that transcend immunity.

Cultivate a Clean Scene

Nothing takes the place of good old-fashioned cleanliness when it comes to impressing prospective homebuyers. Gleaming counters, spotless floors, and spic-and-span bathrooms are essential staging elements when trying to make your home as appealing to as many people as possible.

Although this may seem obvious, many sellers are overlooking the impact that an impeccably clean home has in favor of traditional staging techniques. The home should also smell clean, but not in a way that indicates chemical cleaning agents. Try a light air freshener with minty notes about half an hour before prospective buyers are scheduled to arrive.

Kill Clutter

If you’ve lived in your home for any length of time, you’ve probably accumulated a bit of clutter that you may not notice anymore. Clearing it out not only gives you a head start on moving to your new home once your current one sells, but it also provides the kind of clean slate look that attracts buyers.

You’ll be amazed at the difference purging unwanted and unnecessary items and putting the rest in storage will make. You can also take this strategy one step further and completely move out before the home goes on the market.

Rent Furniture

Another benefit of moving out is that you can rent a few key pieces of top-quality furniture for the purpose of putting your home in its best possible light. You don’t have to furnish the entire place — think striking, strategically placed statement pieces designed to spark the imaginations of potential buyers who are looking at the home.

Ready to make the move? Don’t hesitate to contact me for more information on strategies designed to make your upcoming home sale go as quickly and smoothly as possible.

What Is Native Gardening?

by tamgadmin

What Is Native Gardening?

Restoring native habitat to our surroundings is like pressing the “refresh” button on biodiversity. Homeowners who embrace native gardening are making big contributions to healthy landscapes, which is great for maintaining the native ecosystems.

Making a Difference—Beautifully

Native plants are the greenery that would grow in certain areas with or without human intervention. These plants evolved along with the rest of the living community in the same area, meaning native, dynamic gardening brings in more than plants. It buzzes with life and energy, above and below the soil – from flitting birds to pollinating insects.

The impact of native plant species on even a small stretch of land is impressive. Areas where oak trees thrive, for example, can sustain about a hundred times the diversity as other types of nursery trees. This is all due to the fact that the oak is the native tree of the land and has a built-in capacity for the surrounding ecosystems.

What’s more, native gardens produce beautiful flowers, abundant fruits, and lovely, ever-changing seasonal displays of subtle and vibrant hues. They produce the age-old foods of a local area’s wildlife. The nectar attracts pollinators, such as bats and hummingbirds.

Payoffs of Native Gardening

You can re-do your garden completely and go 100% native— or choose to implement a majority of native plants with a few accented implants. You could also gradually transform your garden by bringing a few native plants yearly into what you already have. This is called “conservation by addition.”

Either way, native plants in a landscape or garden take about as much effort as establishing other plants you might buy from a market or nursery. Yet after their roots take hold, native plants can flourish with surprisingly little gardening work.

Indigenous plants have evolved to do well in the local weather and soil. This means they rarely need extra resources or sprinkler systems for support. Great news for water bills! No matter what size your garden project, your native garden can help save water and key resources.

Plus, oaks, maples, and other native trees to your region work efficiently to hold in carbon dioxide while replenishing precious oxygen. These trees continually add shade, beauty, and pure, refreshed air to your surroundings.

Ready to Give It a Go?

Visit natural areas around you. This will give you ideas about what will fit in well on your property. Use your zip code to find local plants that will delight your local birds and bees.

Contact other gardeners in your area for advice. Social media is another great source of tips.

Then enjoy learning, and celebrating the natural character of the land on which you live.

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New home sales fall to the lowest rate since 2016

Tips To Help You Rejuvenate Your Home Interior

Now, let’s take a look at three tips to help you rejuvenate your home interior.

Delicious Coffee Desserts

Delicious Coffee Desserts & Whipped Cream Brownies

Coffee Ice Cream Cheesecake Pie

How to find Your Dream House

Now, let’s take a look at three tips to help you locate your dream home.

Is a Beach House Right For You

Weather

Natural risk

Upkeep

Availability

6 Tips for How to Secure Conventional Loan

Should You Request a House Showing

What Should You Do If You Suspect Identity Theft

Are you a victim of identity theft?

Freeze Your Credit

Send a Fraud Alert

Check Your Credit Report

Talk to the Debt Collectors

File a Report

Home Staging Tips

Cultivate a Clean Scene

Kill Clutter

Rent Furniture

What Is Native Gardening?

Making a Difference—Beautifully

Payoffs of Native Gardening

Ready to Give It a Go?

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Schedule a discussion today