Recent Blog Posts http://stevelavoie.com/realty/index.php?action=show_rss&rss_feed=blog_posts 6 Fire Pit Snacks: S’mores and More http://stevelavoie.com/realty/index.php?action=blog_view_article&ArticleID=9 OS0xNDc1MTgwMzQz Thu, 29 Sep 2016 16:19:03 -0400
6 Fire Pit Snacks: S’mores and More
 

Fire pits are the number one outdoor design element for 2016, according to a survey by the American Society of Landscape Architects. And now that it's officially fall, it's the perfect time to enjoy fire pit snacks during cooler evenings. Here are a few suggestions.

1. Porksicles

Bring a little snap, crackle and pork to your pit by wrapping strips of bacon along the length of a stick and roasting slowly over the flames. Beware: The aroma might attract neighbors.

2. Aloha bites

Add some Hawaiian flavor to your night with skewers of ham and pineapple roasted over the open flames. The fire caramelizes the fruit, while escaping juices soak the meat.

3. Deluxe weenie roast

Hot dogs on a stick are classic, but why stop there? Up the flavor by slicing a sausage, stuffing it with cheese, wrapping it with bacon and then sticking it over the fire. Or, wrap hot dogs in canned biscuit dough and cook up outdoor pigs in blankets.

4. Peppers al fresco

Scrape the seeds out of baby bell peppers, season with salt and pepper, stuff with your favorite cheese, skewer and roast over the flame until the peppers blister.

5. Elvis s'mores

The King himself would swoon for marshmallows and bacon roasted over the fire, smooshed between slices of banana, smeared with peanut butter and bookended by graham crackers.

6. Grasshopper s'mores

Try adding a few York Peppermint Patties among the marshmallows on your stick.

Looking for a patio with room for a fire pit? Talk to an experienced agent to see what's possible.

 

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August Housing Report http://stevelavoie.com/realty/index.php?action=blog_view_article&ArticleID=8 OC0xNDczMzUzMzkw Thu, 08 Sep 2016 12:49:50 -0400

August 2016 RE/MAX National Housing Report, Sponsored by Quicken Loans

Home Sales Cool, Price Increases Moderate
 
August 19, 2016
 

DENVER (August 19, 2016 Unlike the month’s temperatures, July home sales cooled off from June’s highest year-to-date level. In the RE/MAX National Housing Report analysis of 53 U.S. cities, July sales fell in 49 markets by 8.8% from July 2015 and by 13.1% from June. Over the last seven years, the average drop in sales from June to July has been 8.2%. The Median Sales Price dropped slightly from June to $225,000, which is still 4.7% higher than one year ago. At the same time, inventory continued to tighten by dropping 3.0% lower than June and 16.6% lower than a year ago, resulting in a Months Supply of just 3.5. Five metro areas reported an inventory supply of less than two months. Meanwhile, the average Days on Market dropped to 53 which is just one day less than the average in June and four days below last year. For this month’s housing report infographic, visit.  
 
After a June jump in home sales, it's quite common to see July sales make a correction. This is a summertime pattern that we often see on a national level. Of course, one month doesn't make a trend and we still have a couple more months ahead in the traditional home-buying season. At the same time, it's important to note that, on a year-over-year basis, prices are rising at a moderate rate that's very much in line with historical averages," said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. 
 
One of the most important things for consumers to realize is just how regionalized housing truly is. While those on the West coast are being surprised by their high appraisals, homeowners in the Northeast and Midwest are more likely to be shocked by their low values. If homeowners keep an eye on local home sales, they can be better aware of their current home value and not be shocked when they go to sell or refinance,” added Bob Walters, Quicken Loans, Chief Economist. 
 
Closed Transactions – Year-over-year change
In the 53 metro areas surveyed in July, the average number of home sales was 8.8% lower than one year ago, and was 13.1% lower than the previous month. It’s not unusual to see a midsummer slowdown in sales. Over the last seven years, the average drop in sales from June to July has been 8.2%. Despite the trend, four metro areas surveyed reported sales higher than one year ago, including Providence, RI +3.7%, Boise, ID +2.1%, Raleigh-Durham, NC +1.4%, and Albuquerque, NM +0.2%.
 
Median Sales Price – Median of 53 metro median prices
In July, the median of all 53 metro Median Sales Prices was $225,000, down 1.3% from June 2016, but up 4.7% from the Median Sales Price in July 2015. July is the 54th consecutive month without a drop in price from the previous year. The 4.7% increase in prices continues this year’s trend of moderating price increases. Among the 53 metro areas surveyed in July, only three had a year-over-year drop in Median Sales Price. Two metro areas reported numbers that were unchanged and the remaining 48 metros reported higher prices than one year ago, with ten rising by double-digit percentages, including Honolulu, HI +14.8%, Orlando, FL +14.4%,  Nashville, TN +14.0%, Tampa, FL +13.0%, Denver, CO +12.2% and Portland, OR +11.3%.

Days on Market – Average of 53 metro areas
The average Days on Market for all homes sold in July was 53, down one day from the average of 54 in June 2016, and down four days from the average of 57 in July 2015. July 2016 was the 40th consecutive month with a Days on Market average of 80 or less. In the four markets with the lowest inventory supply, Denver, Seattle, San Francisco and Omaha, Days on Market was 21, 23, 24 and 24 respectively. The highest Days on Market averages were seen in Augusta, ME at 130, down from 142 in June, and Des Moines, IA at 90, down from 102 in June. Days on Market is the number of days between when a home is first listed in an MLS and a sales contract is signed. 
 
Month’s Supply of Inventory – Average of 53 metro areas
The number of homes for sale in July was 3.0% lower than in June, and 16.6% lower than in July 2015. Based on the rate of home sales in July, the Months Supply of Inventory was 3.5, which is close to last month and last year, 3.2 and 3.9 respectively. A six-month supply indicates a market balanced equally between buyers and sellers. The number of metros with a Months Supply of Inventory below 2.0 may also be stabilizing at five, down from eight in June. The five metros with less than a two-month supply include Denver, CO 1.4, Seattle, WA 1.4, San Francisco, CA 1.5, Portland, OR 1.8 and Omaha, NE 1.9.
 
Contact
For specific data in this report or to request an interview, please contact (303) 796-3222 orkmcmurry@remax.com.
 
#  #  #
 
About the RE/MAX Network:
RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 100,000 agents provide RE/MAX a global reach of nearly 100 countries. Nobody sells more real estate than RE/MAX, when measured by residential transaction sides.
 
RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE:RMAX).
 
With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $150 million for Children’s Miracle Network Hospitals® and other charities.
 
For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit www.remax.com/newsroom.
 
Description
The RE/MAX National Housing Report is distributed each month on or about the 15th. The first Report was distributed in August 2008. The Report is based on MLS data in approximately 53 metropolitan areas, includes all residential property types, and is not annualized. For maximum representation, many of the largest metro areas in the country are represented, and an attempt is made to include at least one metro from each state. Metro area definitions include the specific counties established by the U.S. Government’s Office of Management and Budget, with some exceptions. The RE/MAX National Housing Report is sponsored by Quicken Loans.
 
Definitions
Transactions are the total number of closed residential transactions during the given month. Month’s Supply of Inventory is the total number of residential properties listed for sale at the end of the month (current inventory) divided by the number of sales contracts signed (pended) during the month. Where “pended” data is unavailable, this calculation is made using closed transactions.  Days on Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Median Sales Price is the median of the median sales prices in each of the metro areas included in the survey.   
 
MLS data is provided by contracted data aggregators, RE/MAX brokerages and regional offices. While MLS data is believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month the RE/MAX National Housing Report re-calculates the previous period’s data to ensure accuracy over time.  All raw data remains the intellectual property of each local MLS organization.

 

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May Housing Report http://stevelavoie.com/realty/index.php?action=blog_view_article&ArticleID=7 Ny0xNDY2Njk1NzE0 Thu, 23 Jun 2016 11:28:34 -0400 May National Housing Report:  What the Numbers Mean to You

 

The home-buying season was just starting in April, with a 7.5% sales increase over March and 3.2% increase over April of 2015, according to the May National Housing Report from RE/MAX. The Median Sales Price in April was $215,000, which was 5.4% higher than one year ago.

Buyers should note: While warmer months are traditionally known as the "home-buying season," an average monthly year-over-year sales increase of 4.3% so far in 2016 means the market may remain competitive long after the kids are back in school. Work with an experienced agent to develop a buying strategy for the neighborhoods you're interested in.

Sellers should note: The inventory of homes for sale remains very tight in many markets across the country, with April 2016 inventory 15.2% lower than April 2015. This may mean your house sells for a competitive price, but also that a competitive offer may be needed to buy your next place. Work with your Realtor to figure out a move-out, move-in timeline that doesn't leave you in limbo.

Learn more about the current state of the market in the infographic below.

 

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Tax Benefits http://stevelavoie.com/realty/index.php?action=blog_view_article&ArticleID=6 Ni0xMzM4NDI2OTM0 Wed, 30 May 2012 21:15:34 -0400 Tax Benefits
with Steve Lavoie


Buying a home offers considerable tax advantages. This should be a major factor in the decision to purchase. For the latest information on tax regulations, forms and specific circumstances, contact a CPA, tax attorney, or the local IRS office.

Basic Deductions – As a homeowner, you should be able to deduct the following items from your taxable income: (Verify with your CPA)

Mortgage Interest – Since most of your mortgage payments during the first few years goes toward interest, this is usually a substantial deduction.

Property Tax – Tax assessed against a property by the local government. This is part of your monthly payment (PITI).

You might be able to also deduct home improvement loan interest, home equity loan interest, depreciation, etc. Consult with your CPA.

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Home Selling Tips http://stevelavoie.com/realty/index.php?action=blog_view_article&ArticleID=5 NS0xMzM4NDIzOTc5 Wed, 30 May 2012 20:26:19 -0400 Home Selling Tips
Little things mean a lot when you’re trying to sell your house

The way you present your property to prospective buyers can make all the difference between success and failure.

Intangibles often help a sale - a clean fresh smell or the straight vacuum lines can make
buyers feel comfortable about the way the home has been cared for.

CURB APPEAL
If prospective buyers don’t find your house appealing, they won’t
be interested in seeing what’s inside.

TIDY UP
Everyone knows, of course, that neatness counts, both inside and out.

KITCHEN AND BATHS
Buyers react most strongly to kitchens and bathrooms, so it will pay to concentrate alot of effort in these areas.

Make sure to turn all the lights on and open the curtains or blinds when the house is to be
shown, this will make the home feel spacious.

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Monthly News Update http://stevelavoie.com/realty/index.php?action=blog_view_article&ArticleID=3 My0xMzM4NDEyMjc0 Wed, 30 May 2012 17:11:14 -0400

Keep up with all the Latest News in Real Estate by frequently visiting:
Steve Lavoie's Real Estate Monthly Update.

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