Fannie and Freddie earnings

fannie-freddieIn Sept of 2008, the government took over Fannie and Freddie after investing $116 billion and $71.5 billion in them respectively.

In exchange, the government initially took a 10% dividend on bailout monies and since 2012, against stockholders wishes, has been taking all profits.

In 2015, Fannie earned $10.3 billion, Freddie $5.5 billion, dividend rates of 8.9% and 7.7% respectively, significantly less than the 10% dividend, rendering common stock in both worthless.

    Want to Really Know what your home is worth today?Go to www.WhatsMyMarketValue.com

 Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
www.AntonelliRealty.com
http://www.PaulAntonelli.com/
www.GetFreeShortSaleHelp.com
http://www.WhatsMyMarketValue.com/
www.ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

Way Too BIG To Fail

In 2006, the four biggest banks (J.P. Morgan Chase, Bank of America, Wells Fargo and Citigroup) collectively had $5.2 trillion in assets, 44% of all US bank assets.

Today, those same four banks hold $8 trillion in assets or 51% of all assets.

Moreover, only Wells Fargo is valued above book!

This dismal situation suggests the biggest banks are generally poorly managed, have lousy growth prospects or, gulp, both.

    Want to Really Know what your home is worth today?Go to www.WhatsMyMarketValue.com

 Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
www.AntonelliRealty.com
http://www.PaulAntonelli.com/
www.GetFreeShortSaleHelp.com
http://www.WhatsMyMarketValue.com/
www.ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

Homeowners really don’t know their homes value

Just under 50% of homeowners with a mortgage (about 66% of all homeowners) in the U.S. expect their equity will increase in 2016, even though about 60% say equity in their homes already increased during the last three years of the housing recovery, according to research conducted for loanDepot.

Of those expecting a change in their equity, about 85% expect it to rise as much as 10%. Many of the experts are already reporting that we should see between a 1% to 2.5% increase this year.

More than half, 58%, are expecting their equity to increase between 1% and 5%. The other 27% are expecting an increase between six and 10%. About 3% expect the equity to fall, and 27% say they expect it to remain the same.

Although about 57% of homeowners believe their home’s value appreciated in the past three year. Even so, loanDepot studies show about 80% of them underestimate how much their home value has increased during the housing recovery.

The Standard & Poor’s Case Shiller 20-city index shows home values rose twice as much as one in every four homeowners believed.

“Homeowners who bought during the housing boom are regaining equity many thought was lost forever, yet too many are not aware of the equity they have gained or they are unclear about how to determine changes in their equity,” loanDepot chief financial officer Bryan Sullivan said.

“People who bought after the housing boom when prices were low are realizing homeownership can be a great investment and an asset that they can now leverage through equity to realize many dreams,” he said. “Whether they choose to leverage their home equity now or reserve it for future needs, millions of homeowners have choices today not available just a few years ago.”

loanDepot studies have shown that timing has an impact on how homeowners feel about their equity. Those who have bought homes after 2009 are generally more cautious, but more optimistic.

Zestimate Accuracy

Nationally, the Zestimate has a median error rate of 7.9%, which means half of the Zestimates in an area are closer than the error percentage and half are farther off. For example, in Seattle, Zestimates for half of the homes are within 6.6% of the selling price, and half are off by more than 6.6%.

To improve Zestimate accuracy, we allow homeowners to edit their home facts and then we incorporate this information into our Zestimate calculations. So if you obtain an MLS account and input all the sales from the last 60 days that happened in your neighborhood, that may improve your chance of getting a closer value to your own.

Be aware that in some areas, we might not be able to produce a Zestimate at all, but we do have some basic information on the homes. The tables below show you where we have Zestimates and other home information.

Lets take Orlando, FL –  875.5K homes on zillow – 803.0K have the zestimate – only 37.1% of those come with in 5% of the real value – only 61.9% come with in 10% –  and 83.0% make it with in 20% of a homes REAL Market value.  And this is taken right from the zillow web page What is a zestimate.

    Want to Really Know what your home is worth today?Go to www.WhatsMyMarketValue.com

Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com

Green Remodel Your St Cloud Florida Home

If you’ve been thinking of remodeling all or part of your real estate, you might want to consider a green remodel.

Green building means that you use certain materials and practices that are better for the environment and for your health. By following a few guidelines, you can easily complete an eco-friendly remodeling project.

Recycle. Whenever possible, choose materials for your real estate made from recycled products. This cuts down on the amount of waste piling up in our landfills.

Use local materials. Local materials don’t have as far to travel, so transporting them costs less and uses less fuel. They are also more durable since they are already adapted to your climate.

Think sustainable. Products made from bamboo and cork are better for the environment because they can be easily replaced. Bamboo can grow as much as 1 meter each day.

Save as much energy as possible. Install energy efficient windows and add insulation throughout your home. Seal cracks around doors and windows. Purchase new, energy efficient appliances. Not only will you help the environment, you’ll also save money on your electric bill.

Always consider indoor air quality. Choose products with little or no volatile organic compounds. Use green cleaning products inside your home to reduce indoor air pollution.

Find ways to cut back on water use. Devices like high efficiency washing machines and dual-flush or low-flow toilets use less water than their traditional counterparts. Use xeriscaping for your yard. If you have the budget, consider installing a rainwater harvesting system.

Think before you throw away. Before you throw away anything, from appliances to building materials, make sure no one else can use it. Place an ad on Freecycle or Craigslist. You may be surprised by what other people need.

I can help you find green real estate to meet your needs.

Call me at 321-443-4028 or email me at info@PaulAntonelli.com for more information.

Claim Your Free Report Now To Sell Your Home For More Money . . . . Click Here

 Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
www.AntonelliRealty.com
http://www.PaulAntonelli.com/
www.GetFreeShortSaleHelp.com
http://www.WhatsMyMarketValue.com/
www.ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

Is your A/C ready for Summer

Your home’s air conditioner needs a regular tune-up just like your car does. Most companies will offer a yearly service where they will come out twice a year to maintain the unit and set it up for summer and winter operating seasons. If you don’t know much about air conditioners, here are some quick tips and facts:

Your home’s air conditioner consists of three main parts:

      1. The compressor: It’s the large outdoor unit which is usually on the side of your house or behind the garage. It compresses the refrigerant, or Freon®, into a liquid that then evaporates, resulting in cooling.
      2. The blower unit: Pushes the air throughout the system.
      3. The ductwork: Circulates the air. Cool air is carried into the home; warm air is exhausted.

Anything having to do with refrigerant should be left to professionals. Hire someone to inspect the refrigerant and the compressor lines.

Here are several do-it-yourself tune-up tasks for your home’s air conditioner:

        • Change the air conditioner filters: Schedule a day each month to change your filters. It can be the first, the fifteenth or any day you will remember each month, just pick a date so you do not forget. Check the number on the filter that is already in the system, and buy the same size when it needs to be replaced. Usually people use the day the electric bill comes in as a reminder to change the filter.
        • Check for debris: After you change the filter, walk around the outside unit and check for obstructions. Clear any leaves or debris that might be caught in the grate. Cut back bushes that may be preventing airflow to the unit. There should be two feet of clear space around the unit.

        •Check the condensate removal system: Condensation occurs when warm air passes through the cooling coil. That condensation drips to a drain or a pan under the unit. If there is a pan, you need to empty it as it gets full. Many companies recommend putting a few ounces to a half cu of white vinegar down the tube to keep it clean. And many say never to use bleach because it can damage the coils inside the unit.
      • Clean the compressor: The outdoor unit will get dirty and need cleaning, at least annually. Make sure you shut off the power to the unit before beginning. You can then hose off the dirt.

If you’d like a referral to an air conditioning specialist for those times when you need to hire a professional, I’m happy to share my recommendations.

Call me at 321-443-4028 or email me at info@PaulAntonelli.com for more information.

Claim Your Free Report Now To Sell Your Home For More Money . . . . Click Here

 Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
www.AntonelliRealty.com

Boost Your Homes Resale Value

To get top dollar for your home, renovations may be necessary. However, some renovations can prove costly and they don’t always add value to your home. Here are some inexpensive ways to improve the resale value of your home.

First Impressions Matter

Your home needs to have curb appeal. If the potential buyer doesn’t see that, it will be difficult to not only get the price you want but in some cases to get the buyers to look at the home. Spend money and time landscaping your yard. Pressure wash your driveway. Paint your front door. Make your porch look welcoming. If you do all of this yourself or with the help of family and friends, the costs will be reasonable.
After a prospective buyer is impressed by your nicely kept lawn, you will want to continue impressing him/her with your interior design. Buyers know what they want when it comes to the number of bedrooms and baths. You have something they want or they wouldn’t be looking at your home. Now, you need to keep their attention.

Freshening Up the Interior

Each room needs to be freshly painted in a neutral color. Old wallpaper and borders should be stripped and walls repainted. Make each room look larger by clearing any clutter. If possible, remove any unnecessary furniture and store it somewhere else. Have any carpets professionally cleaned, and be sure to polish any hardwood flooring. In the bedrooms, de-clutter your closets. Your kitchen and bathrooms should be sparkling. Clean and organize counters and cabinets. Again, most of these suggestions cost little but add great value to your home.

Claim Your Free Report Now To Sell Your Home For More Money . . . . Click Here

 Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
www.AntonelliRealty.com
http://www.PaulAntonelli.com/
www.GetFreeShortSaleHelp.com
http://www.WhatsMyMarketValue.com/
www.ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

Painting Tricks Update Your Homes Look

When it comes to painting the walls of a house, sometimes subtle is best. You want to add design, color, and texture to the walls, but you don’t want it jarring to the eyes. Here are a few painting techniques you can try on your home walls.

Tissue Paper Texture

One easy way to add texture to walls is to use tissue paper, formerly known as Faux painting. You apply with tissue paper to the walls and the desired effect stays there until you want something new.

Crumple up a piece of tissue paper into a tight ball and then open it up and smooth it out and remove. Small textured lines will appear on the paper do this as often as you like across the wall.

Sponge Color-on-Color Technique

Natural sponges create a unique look on painted walls. If you use two versions of the same color, satin and semi-gloss, then it creates a subtle look that isn’t shocking to the eyes. The color is the same but the shine is different.

Paint your wall with the satin color paint. Let it dry completely. Dip the top of the natural sponge in the semi-gloss paint. Dab the sponge to the wall over and over. It’s OK to overlap the paint in areas and you aren’t going to completely cover the wall.

Once dry, the satin paint will show from beneath the semi-gloss paint creating a neat shine effect.

Taped Stripes

You don’t want bold multi-color stripes on your wall because it will stand out too much. Subtle stripes create a beautiful effect.

Choose two colors that sit side-by-side on the color spectrum. Or, choose two similar colors from different companies. Paint companies tend to have slight differences in colors.

Paint the walls your first color choice. Let it dry completely. Tape the walls using painters tape to make stripes. Make them horizontal, vertical, or diagonal. Make them wide or thin. It’s up to you. Paint the walls again with the second color choice. Paint right over the tape. When you remove the tape, the first color will show.

These simple and subtle paint techniques will make your walls beautiful. This is especially useful if you plan to sell your home and want to increase its value. Talk with us for more information on simple ways to make your home more inviting to potential buyers.

Has your property value gone up or is it a victim of the latest Neighborhood Foreclosure Syndrome. Find Out Now For FREE !!
Go To: www.WhatsMyMarketValue.com !

Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
www.AntonelliRealty.com
http://www.PaulAntonelli.com/
www.GetFreeShortSaleHelp.com
http://www.WhatsMyMarketValue.com/
www.ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

US Dollar Value is Up

stack-of-moneyWith the Bank of Japan recently joining the European Central Bank and central banks in Denmark, Sweden and Switzerland in imposing negative interest rates, close to 30% of sovereign bonds now offer negative yields.

As a result, banks in those nations and investors everywhere are plowing into US Treasuries to improve returns and avoid fees.

This process is boosting the value of the US dollar and driving down US yields. 

Has your property value gone up or is it a victim of the latest Neighborhood Foreclosure Syndrome. Find Out Now For FREE!   
                   Go To: www.WhatsMyMarketValue.com !
Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
www.AntonelliRealty.com

Orlando home sales down

The median price of Orlando homes sold in January increased nearly 14 percent of January of 2015, amid an inventory level that has seen year-over-year decreases for the last seven months.

The overall median price (all sales types and all home types combined) for the month of January

2016 is $176,500, a 13.87 percent jump compared to the $155,000 median price in January 2015. The median price is down 4.59 percent compared to the December 2015 median of $185,000.The Orlando median home price has now experienced year-over-year increases for the past 54 consecutive months; as of January the median price is 52.81 percent higher than it was in July 2011.

The year-to-year median price of normal sales increased 7.03 percent, while the median price for foreclosure sales increased 4.19 percent and short sales decreased 2.94 percent.

The median price of single-family homes increased 12.73 percent when compared to January of last year, and the median price of condos increased 11.71 percent.

Completed Sales

In addition to squeezing prices upward, Orlando’s current lack of inventory is also having an impact on sales, explains Orlando Regional REALTOR® Association President John Lazenby, Colony Realty Group, Inc.

“We traditionally experience a big drop in sales between December and January after the rush to close for tax purposes,” says Lazenby. “But in addition, right now we just do not have enough supply to satisfy demand. REALTORS® are telling me they have plenty of buyers, and they simply can’t find them homes to buy.”

Members of the Orlando Regional REALTOR® Association participated in the sale of 1,745 homes (all home types and all sale types combined) that closed in January 2016, a decrease of 17.69 percent compared to January 2015 and a decrease of 33.88 percent compared to December 2015.

Single-family home sales decreased 15.07 percent in January 2016 compared to January 2015, while condo sales decreased 32.26 percent.

Homes of all types spent an average of 78 days on the market before coming under contract in January 2016, and the average home sold for 96.69 percent of its listing price. In January 2015 those numbers were 82 days and 96.36 percent, respectively.

The average interest rate paid by Orlando homebuyers in January was 3.93 percent. Last month, the average interest rate was 4.02 while this month last year homebuyers paid an average interest rate of 3.67.

Pending Sales

Pending sales – those under contract and awaiting closing – are currently at 4,934. The number of pending sales in January 2016 is 18.23 percent lower than it was in January 2015 and 10.33 percent higher than it was in December 2015.

Normal properties made up 59.89 percent of pending sales in January 2016. Short sales accounted for 20.84 percent, while bank-owned properties accounted for 19.27 percent.

Inventory

The number of existing homes (all types combined) that were available for purchase in January is 7.34 percent below that of January 2015 and now rests at 10,777. Inventory increased in number by 143 properties over last month.

The inventory of normal homes increased 5.72 percent, while foreclosures decreased 50.42 percent and short sales decreased 43.53 percent.

The inventory of single-family homes is down by 6.71 percent when compared to January of 2015, while condo inventory is down by 10.81 percent. The inventory of duplexes, townhomes, and villas is down by 6.52 percent.

Current inventory combined with the current pace of sales created a 6.18-month supply of homes in Orlando for January. There was a 5.49-month supply in January 2015 and a 4.03-month supply last month.

Affordability

The January affordability index is 177.36 percent, a decrease from December’s index of 167.23. (An affordability index of 99 percent means that buyers earning the state-reported median income are 1 percent short of the income necessary to purchase a median-priced home. Conversely, an affordability index that is over 100 means that median-income earners make more than is necessary to qualify for a median-priced home.)

Buyers who earn the reported median income of $56,924 can qualify to purchase one of 4,512 homes in Orange and Seminole counties currently listed in the local multiple listing service for $313,032 or less.

First-time homebuyer affordability in January increased to 126.12 percent from last month’s 118.92 percent. First-time buyers who earn the reported median income of $38,708 can qualify to purchase one of the 2,368 homes in Orange and Seminole counties currently listed in the local multiple listing service for $189,210 or less.

Condos and Town Homes/Duplexes/Villas

The sales of condos in the Orlando area were down 32.26 percent, with 210 sales recorded in January 2016 compared to 310 in January 2015.

Orlando homebuyers purchased 149 duplexes, town homes, and villas in January 2016, which is 16.29 percent less than in January 2015.

MSA Numbers

Sales of existing homes within the entire Orlando MSA (Lake, Orange, Osceola, and Seminole counties) in January (2,537) were down by 0.24 percent when compared to January of 2015 (2,543).

Each individual county’s monthly sales comparisons are as follows:

• Lake: 9.57 percent above January 2014;
• Orange: 6.02 percent below January 2015;
• Osceola: 5.26 percent above January 2015; and
• Seminole: 3.58 percent above January 2015.

This representation is based in whole or in part on data supplied by the Orlando Regional REALTOR® Association and the My Florida Regional Multiple Listing Service. Neither the association nor MFRMLS guarantees or is in any way responsible for its accuracy. Data maintained by the association or MFRMLS may not reflect all real estate activity in the market. Due to late closings, an adjustment is necessary to record those closings posted after our reporting date.

ORRA REALTOR® sales, referred to as the core market, represent all sales by members of the Orlando Regional REALTOR® Association, not necessarily those sales strictly in Orange and Seminole counties. Note that statistics released each month may be revised in the future as new data is received.

Orlando MSA numbers reflect sales of homes located in Orange, Seminole, Osceola, and Lake counties by members of any REALTOR® association, not just members of ORRA.

 

Has your property value gone up or is it a victim of the latest Neighborhood Foreclosure Syndrome. Find Out Now For FREE!    Go To: www.WhatsMyMarketValue.com !

Paul Antonelli
REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future of Real Estate is Here!
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
AntonelliRealty.com
http://www.PaulAntonelli.com/
GetFreeShortSaleHelp.com
WhatsMyMarketValue.com/
ThatShortSaleGuy.com
http://www.paulantonelli.realtor/