Posts made by author 'Carol Solis'

You May Be Surprised!

CoreLogic's latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.

"U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity increase by a total of $908.4 billion since the fourth quarter 2016, an increase of 12.2%, year over year."

Price Appreciation = Good News for Homeowners

Frank Nothaft, CoreLogic's Chief Economist, explains:

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Greater Charlottesville Area 2018 First Quarter Highlights:

• Home sales climbed 13.7% (691) compared to Q1 2017 (608), led by an increase (28.3%) in attached homes.

• Greater Charlottesville median sales price rose to $309,145 (13.8%) compared to this time last year ($271,629).

• The median days on the market in the 1 st Quarter was 70, 11-days lower than in Q1 2017.

• Pending sales increased 8.8% (1,134) compared to this time last year (1,042), as new listings declined slightly (1.7%).

• Inventory of homes for sale declined -13.9%, resulting in 3.5 months supply of inventory compared to 4.3 months supply in Q1 2017.

National O...

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If a career in real estate appeals to you, now is a great time to look into its endless potential for personal and professional growth.

The market continues to improve and as it does, REALTORS® at Montague Miller & Co begin to hear from men and women who are considering real estate as their career and many of the best agents came to real estate as a second career.  Consider this -The National Association of REALTORS® reports that the average age of Brokers is 59.  It is obvious that the leadership of the industry is "greying". With that in mind, why not consider real estate as your primary career.  There is room at the top and this seems to be a good time to begin.

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Highlights:

• When listing your house for sale your top goal will be to get the home sold for the best price possible!
• There are many small projects you can do yourself to ensure this happens!
• Your Montague Miller & Co real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!