Mark Adams & Associates Receives National Ranking

 

 

 

 

 

 

In case you hadn't heard

 

 

Mark Adams & Associates is ranked in the "TOP 1000" among 1.3 MILLION Realtors nationwide in home sales by Real Trends for 2013.

 

Call us today at 804.237.8585

if we can help you with your real estate needs.

 

 

 

 

 

 

 

 

What will Mortgage Rates do in 2014?

 

 

Submitted by

Movement Mortgage

What does 2014 hold for mortgage rates?

 

As we start this year we know that we will maybe never see the lows of the 3% rates we saw in 2012 and 2013. With rates currently in the mid 4’s, what does 2014 have in store for mortgage rates?

 

We know rates will move up but how quickly will depend on two factors: employment and the Fed. Positive job news will cause rates to go up. Positive employment AND economic news will cause the Fed to limit QE (program of Federal spending) which means the government stops buying mortgages. So it really is all about jobs. As the economy strengthens and employment improves, rates will rise.

 

Last week, I listened to two economic advisors give 2014 mortgage rates forecasts. Both predicted rates steadily moving up this year crossing the 5% barrier in the summer and moving up from there to the 5.25 to 5.5 range.

 

Minor increases in rates change house payments less than most of clients think. However, one thing is sure, if you are thinking of buying a home in 2014, waiting will likely result in a higher interest rate as mortgage rates move up with a slowly warming economy, improving jobs, and a Fed cutting off its support of mortgage rates.

Call Listing Agent, Mark Adams, at 804-237-8585 for more information, visit us on the web at www.markadamsteam.com or

 email us at office@markadamsteam.com.

 

 

Real Estate in 2014...Where are we heading?

Real Estate for 2014

I love the idea of “keeping it simple”. Want to lose weight?  Eat less. Want to be happier? Do more of what makes you happy.

So with that in mind, where is real estate going in 2014? Let’s look at where we are now and you tell me where this is going…

·         Home values are up in 2013

·         Home sales are up in 2013

·         Foreclosures are down in 2013

·         Loan modification programs are finally working in 2013, helping people in underwater homes

·         The Stock Market is on a tear and just closed at an all time high yesterday (12-09-13)

·         Employment reports continue to show slow but steady improvement

·         Rates remain in the 4’s, which is near historic lows

If 2014 has you or your family thinking about:

·         Moving into a bigger home

·         Moving into a different home

·         Buying investment property

Let's meet. Now is a good time to get everything lined up for next year. The only thing constant is change and these conditions won’t stay this way forever so be sure to call me sooner rather than later.

Call me today and I will put you in touch with our in-house lender at Movement Mortgage. A mortgage consultation takes about 15-20 minute on the phone and is a free and easy service to get you started. 

Take the time NOW to explore your options for real estate in 2014.

Mark Adams

Call Listing Agent, Mark Adams, at 804-237-8585 for more information, visit us on the web at www.markadamsteam.com or

 email us at office@markadamsteam.com.

Richmond Housing Statistics Report 3rd Quarter

As the economy improves, so does the Central Virginia housing market. Of course, as with any area, there are neighborhoods which have bounced back in value and others that still continue to struggle. After reading this informative report compiled by the Central Virginia Regional Multiple Listing Service, you need more information, don't hesitate to Mark Adams at 804-237-8585.

Are You in the Market for a New Home?

Thinking of Buying a New Home?

 

New home construction has increased as home builders have begun breaking ground on new developments. Low interest rates, affordable home prices and limited existing home inventory have increased the demand for new homes in many areas.

 

This month I have information to help you if you’re in the market to buy a home. Page one includes facts and statistics about the home construction market. Page two offers relevant financing information if you’re thinking of buying a home in need of a remodel, and an overview of home renovations. 

While this information provides a view into the national market, our local market may look different. Please contact me to learn more about new home construction in our local area, or to learn more about the real estate market in general. Also, feel free to share this information on to family or friends who may be thinking of moving.

 

Mark Adams

Associate Broker

Mark Adams & Associates

Keller Williams Realty

804-237-8585
office@markadamsteam.com

6600 W Broad St, Suite 150

Richmond, VA 23230

Central Virginia 2nd Quarter Housing Report

2716 Monument Avenue

As the economy improves, so does the Central Virginia housing market. Of course, as with any area, there are neighborhoods which have bounced back in value and others that still continue to struggle. After reading this informative report compiled by the Central Virginia Regional Multiple Listing Service, you need more information, don't hesitate to Mark Adams at 804-237-8585.