Should the Fed now raise rates

Financial conditions are much better than they were just weeks ago. Equities are up, yield spreads are down, the dollar has weakened and the VIX or “fear gauge” is at its lowest level since August.

Risk is suddenly appealing.

Should the Fed now raise rates? No, things are better because the Fed doesn’t plan to raise rates much this year.

A sudden change in plan will undo the recent improvements.

Paul Antonelli
REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
Where The Future Of Real Estate Is Coming in 2016.
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
AntonelliRealty.com
http://www.PaulAntonelli.com/
GetFreeShortSaleHelp.com
WhatsMyMarketValue.com/
ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

We are going through the 4th longest since 1854

    Since the end of WWII, the average recession has lasted 11.1 months and the average recovery, 58.4 months.

The Great Recession, the most recent, was 18 months, the longest recession since 1929. The recovery, now in its 81th month, is the 4th longest recovery since recording began in 1854.

The longest recovery ever, 120 months!

Interestingly, the current bull market is 84 months long, making it the third longest bull market in history.

We are still seeing the aftermath of “Too Big To Fail”.

I am always willing to talk with Agents that work this business the way it should be. I will always have room in our company for good agents. 

Paul Antonelli
REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
Where The Future Of Real Estate Is Coming in 2016.
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
AntonelliRealty.com
http://www.PaulAntonelli.com/
GetFreeShortSaleHelp.com
WhatsMyMarketValue.com/
ThatShortSaleGuy.com

Negative Equity is still a problem

An update to a blog I posted weeks ago. Seeing this report you can tell that we still have an issue in the housing market.

According to a new report just out by Zillow Negative equity is down over 13 percent nationwide, but is still a nagging problem choking real growth and limiting new inventory, especially here in Central Florida.

The report states that six million homeowners were underwater in the last quarter of 2015. That number is still a problem, it is a lot lower than the peak 16 million underwater homeowners that we had in the beginning of 2012, and the 8 million of the underwater homeowners from last year.

Zillow made reference the reason the U.S. housing market is moving at a snail’s pace is due to the millions of underwater homeowners who have resurfaced over the past year. Those homeowners have led to a $75 billion decline in negative equity. But while the market has improved from just two years ago, there are still 820,000 homeowners who owe more than twice as much on their mortgages as their homes are worth. Meaning they are upside down.

“Some owners are so far underwater that positive equity may be several years away, leaving them stuck in their homes unable to sell,” the report stated.

Svenja Gudell, Zillow’s chief economist, said that the effects of this nagging negative equity on the overall housing market could be subtle but serious.

“Over time, negative equity can act as an anchor on a housing market, preventing underwater homeowners from listing their homes and reentering the market,” Gudell said. “It is more prevalent in less expensive areas that are affordable to first-time buyers. Without these homes available, many potential buyers are sidelined and unable to take advantage of mortgage rates that remain near historic lows.” #ThatShortSaleGuy  #SellMyOverMortgagedHome  #ShortSaleMyHome

March Market News Bites

• Existing home sales for February will fall between a seasonally adjusted annual rate of 5.23 and 5.58 million sales.

• This sales number is down 1.3 percent month-over-month. • However, it is up 10.4 percent year-over-year.

• The Market Composite Index, which measures loan application volume, decreased 4.8 percent on a seasonally adjusted basis week-over-week.

• On an unadjusted basis, the Index increased 7 percent week-over-week.

• The Refinance Index decreased 7 percent week-over-week, and the refinance share of mortgage activity decreased to its lowest level since January 2016 — 58.6 percent of total applications — from 61.0 percent the previous week.

• 30-Year Fixed Rate Mortgage Rates for the Past 6 Months bounced like Tigger between 3.9% to todays 3.67%, the high was 4.01% on Dec 31, 2015.

• Spending on private construction was at a seasonally adjusted rate of $831.4 billion.

• This is 0.5 percent above the revised December estimate of $827.3 billion.

• Residential construction was $433.2 billion in January, the same month-over-month as December.

• Home prices rose 1.3 percent month-over-month.

• Home prices rose 6.9 percent year-over-year.

• This is the 47th month of consecutive year-over-year increase, but the returns are no longer double-digit.

• Only two states are still showing decreasing home values, Louisiana and Mississippi.

• Default mortgages are still growing in many areas, like Florida, and are still a concern.

Thanks to Corelogic, US Census, BankRate and other news outlets.

    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/

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