HER Realtors Michelle Morris : February 2016

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Thursday, February 4, 2016

HER Realtors Michelle Morris : 10 Inexpensive Ways To Improve Your Home Security

HER Realtors Michelle Morris : 10 Inexpensive Ways To Improve Your Home Security: Keeping your home and family safe is a priority we all share. But beyond locking the doors and getting a home alarm, there are numerous ...

10 Inexpensive Ways To Improve Your Home Security

Keeping your home and family safe is a priority we all share. But beyond locking the doors and getting a home alarm, there are numerous steps we can take to protect who—and what—we love, and it doesn’t have to break the bank.

1. Change your locks

Did you change your locks when you moved into your new home? Yeah. Neither did we. That means someone might already have the most important thing they need to get into your home: a key.

2. Upgrade your door security

While you’re changing your locks, look for those that give you more secure options. If you’re not sure how important this is, consider what Family handyman reports about FBI burglary statistics: “65 percent of break-ins occur by forcing in the front, back or garage service door.”

3. Remove that extra key

The FBI also reports that 12 percent of break-ins are caused by thieves simply finding your hidden key. If you have one sitting under your welcome mat or in a planter, it’s time to remove it.

4. Use timers

“Put interior lights, TVs, and radios on timers so that you can create the illusion that someone is home when they’re not,” said Bob Vila. “Modern digital light timers offer a key benefit over traditional models by having lights cycle on and off randomly.”

Make sure to include motion detector lights in key spots around the exterior of your home. A light that pops on just as a burglar is approaching your back door may be enough to make him back away form your home. Home automation products make all of this easier than since you can control lights, TVs, and other items via Smartphone.

5. Get a dog

Seriously. Homes with dogs are less likely to be broken into, according to a study by The University of North Carolina, because they bark to create a ruckus and can also harm an intruder by biting.

HER Realtors Michelle Morris 6. Fake the alarm

If you can’t swing the cost of an alarm, pretend you have one. “Thieves look for an easy mark; making your home look tough to crack will encourage them to move on,” said HGTV. “You can easily put up security system decals – a clear deterrent – even if you don’t have a system.”

7. Install a camera

“Thanks to relatively inexpensive DIY systems, you can install a security camera outside (or inside) that lets burglars know you’re watching their every move,” said HGTV. A variety of cameras are offered, and you can pick one up for under $100.

8. Check doors and windows

You might think your home is more secure than it is. Maybe that backdoor is easy to open with a good push or the guest room window isn’t shutting all the way. Eliminating easy access points by shutting doors and windows and locking everything up will cost you nothing, but if you need a backup for that easy-access slider door, a good old broomstick cut down to size will do the trick.

Examiner 9. Call the police

In many areas, a police officer will visit your home to give you tips on how to make your home more secure, and it will cost you nothing.

10. Eliminate hiding spots

“If your shrubbery is too tall, bushy, or not well spaced, you’re providing a nice hiding spot for a potential burglar,” said Consumer Reports. “Trim and prune plantings.”

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Monday, February 1, 2016

Flexibility And Control Fuel A New Kind Of American Dream

Despite an uncertain housing market, the American Dream of homeownership remains alive and well for modern consumers. The dream has just morphed a little with the times, especially for millennials.

Whether or not homeownership is the sure-fire investment it once was, modern consumers really do want to own their homes. But unlike past generations, they need extra assurance that they won't be bankrupt by a housing market that's still regaining its feet. Modern consumers also want some of the new flexibility and control that our modern rental society increasingly promises.

This worldview, at the core of the new American Dream, is supported by results of a new online survey conducted by Harris Poll on behalf of ValueInsured.

Among millennial renters (age 18 to 34):

Homeownership is important – Nine in 10 say it's important to one day own their own home, or to become homeowners again.
But buying a home feels riskier than ever – Almost one-third of millennial renters (30 percent) lack confidence that they would get back their full down payment if they were to buy a home today and need to sell in the next 2-7 years.
Modern homebuyers want to preserve the flexibility they enjoy as renters – 69 percent of millennial renters says they would buy a home sooner if they had "down payment protection."
Knowing the nest egg is protected provides confidence – 81 percent of millennial renters believe down payment protection would give people more confidence in buying a home.

Nomadic Lifestyles
One reason modern consumers expect flexibility and control is that they change jobs and relocate often: The average employee tenure in the U.S. is 4.6 years overall, and just 3 years for millennials. Consumers also have the relatively new options of car sharing, music streaming and paying for smartphone service as they go.

For prospective homebuyers, flexibility and control means safeguarding their nest egg – their down payment – just as securely as the banks protect their mortgage loans.

"The banks and financial institutions have always been protected from the risks of a fluctuating market," says Joe Melendez, CEO of ValueInsured. "We've entered a new era when the modern homebuyer will also be protected. That's consumer empowerment – certainly one of the markers of the new American Dream."

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Feb 2016 Market News

Feb 1, 2016 News Letter

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What Is In Store For Housing In 2016

The overall tone for housing in 2016 is positive, according to a recently released Clear Capital Home Data Index™ (HDI™), with projected home price appreciation in the range of 1 percent to 3 percent by January 2017. Although this range historically has represented a stable housing market, it’s significantly lower than the 5.1 percent growth rate during 2015 and the 6.6 percent growth rate in 2014, demonstrating continued market instability and a trend of decreasing rates. While we would love to sugarcoat the HDI data and declare that 2016 merely will be a normalization of the housing market to historical averages not seen since the late 1990s, several factors indicate that it could be another volatile year leading to ongoing uncertainty about the future of American housing.

Ultimately, overall national growth will be positive throughout 2016, but these rates are underwhelming and signal the end of the explosive growth typical of the first half of this decade. The forecast is predicting an average of only 0.4 percent quarter-over-quarter (QoQ) growth for each quarter during 2016. Growth in this range is rather lackluster when compared to the previous two years, when home prices grew by an average of 1.5 percent quarterly over the period from January 2014 to January 2016.

Homes in the low tier (selling below $116,000 nationwide) are forecasted to appreciate more significantly than other tiers during the next year, averaging just under 1.0 percent quarterly growth throughout 2016. By definition, the low tier is affordable to the widest range of potential homeowners and investors. This larger class of buyers will likely cause continued higher appreciation for the country’s most affordable home tier.
The overall trend of decreasing rates of growth during 2016 will primarily affect the middle price tier—representing the middle 50 percent of all transactions, currently comprised of homes selling between $116,000 and $337,500 nationwide. While growth in the middle price range is not projected to be the lowest of all the price tiers, the mid-tier shows a consistent decrease in quarterly growth over the forecast period, falling from 0.5 percent QoQ growth in January 2016 to just under 0.2 percent QoQ by the end of the year.
Conversely, the top price tier (homes selling above $337,500 nationwide) forecasts relatively consistent quarterly growth, hovering around the 0.2 percent QoQ mark. Historically, pricing in this class of homes has moved slowly in the sense that gains and losses both have been smaller by percentage due to higher initial prices. The contrast to the low tier highlights the diversity in performance that remains in today’s real estate market.
The forecast also shows a similar story for the Northeast, South, and Midwest regions of the nation: positive but relatively slow gains. The Midwest is projected to be the fastest-growing region in the country with an average rate of 0.6 percent quarterly growth (2.5 percent annual) over the forecast period, while the South is close behind with an average of 0.5 percent QoQ growth (2.0 percent annual) during the same period. The Northeast lags behind these regions, projecting an average uptick of only 0.1 percent QoQ growth (0.4 percent annual) throughout 2016.
The story is quite different for the West. In fact, the rapidly accelerating gains prominent in many of the Western metros are projected to level-off entirely in Q2 2016, which will be the first time the region has seen quarterly performance this low since January 2012. The West, which has largely outpaced the rest of the nation in terms of growth in the last several years, is beginning to see market slowing across some of its major metropolitan statistical areas (MSAs). Because Western markets began to slow in the latter half of 2015, San Francisco, Los Angeles, and San Diego are currently seeing QoQ growth rates under 1.0 percent, while other cities like San Jose and Denver are now hovering slightly higher at around 1.3 percent and 1.5 percent QoQ, respectively. At an annualized rate, these current levels would project to roughly half of the performance seen in 2015. While slower growth is typical during the winter real estate off-season, it remains to be seen how or if the markets will adjust once the typical market rush of spring begins.

Generally, year-over-year growth rates are forecasted to be lower for all MSAs in the nation, with no exceptions. The highest growth in 2016 is forecasted to occur in Denver, where home prices are projected to grow by 7.7 percent during the course of the upcoming year, compared to the 11.7 percent annual growth seen in 2015.

While slower growth plagues the forecasts of all major cities across the nation, the luxury markets are among the hardest hit. Miami and San Jose are projected to grow by only 1.3 percent and 1.4 percent respectively during 2016, after each MSA saw market growth in excess of 10 percent during 2015. Other cities like Chicago, New York, and San Francisco are forecasted to see significant changes to their 2015 performance, with little to no growth for the upcoming year.

Home price appreciation in Detroit, which saw an uncharacteristic increase in QoQ growth toward the end of 2015, is forecasted to fall 5.8 percent over the course of 2016. This is compared to annual growth in excess of 11 percent in 2015, making Detroit one of the hardest-hit MSAs of the forecast. Since May 2013, the Detroit MSA has seen declining quarterly gains in 9 of 10 quarters, with the most recent quarter less than half of the Q3 2015 market performance. Based on this rapidly decelerating rate of price growth, it is quite possible this metro turns negative by year end.

“The market continues to move forward, yet the bumps of volatility still remain,” says Alex Villacorta, Ph.D., vice president of research and analytics at Clear Capital. “In particular, the combined forces of increased mortgage rates, volatility in the equity markets, and the unfolding effects of TRID are likely to give consumers pause in taking an active role in housing in 2016. The psychological effects of the recent interest rate increase could have a more negative consequence in some markets than the actual rate hike itself, as buyers begin to question the decision to invest in the housing market at what looks like the end of a meteoric four-year growth cycle. This, coupled with the fact that several of the fastest-growing MSAs have already begun to slow down or stagnate even before the rate increase occurred, could spell trouble for the national housing market as a whole if overseas investors begin to look elsewhere for money-parking strategies. However, there are still attractive investment opportunities in at least one corner of the market; the lowest tier of the housing market still holds the most promise, as long as the potential home buyers of this market segment aren’t forced out due to the increasing cost to borrow.

“The long-term effects of some recent housing industry shake-ups are still out, but the models have reacted in a pessimistic way. With the nation projected to grow at a snail’s pace in some regions while virtually standing still in others, our models are taking into account the effects of the interest rate increase by the Fed in December 2015. Industry shocks like this have the potential to affect the market in unfavorable ways, lowering consumer confidence and instilling some level of doubt in the industry. While the real estate market is typically cold in January, it’s difficult to tell if the effects of these market changes have been realized quite yet. Until the market gets a chance to really heat up again—or not—in the spring, our models are staying consistent and forecasting a significant drop in growth for 2016.”