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Marlon Duer

Marlon Duer

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The #1 Reason to List Your House, NOW!

(Published on - 11/1/2017 5:21:00 PM)

The #1 Reason to List Your House, NOW! | MyKCM

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house, but in fact, the opposite is true.

The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! The inventory of homes for sale has fallen year-over-year for the last 28 months and has had an upward impact on home prices.

NAR’s Chief Economist Lawrence Yun had this to say,

“Home sales in recent months remain at their lowest level of the year and are unable to break through, despite considerable buyer interest in most parts of the country.

Realtors® this fall continue to say the primary impediments stifling sales growth are the same as they have been all year: not enough listings – especially at the lower end of the market – and fast-rising prices that are straining the budgets of prospective buyers.” (emphasis added)

The houses that are on the market are selling fast, too! According to NAR’s Realtors Confidence Index, the median number of days it took for a house to go from listed to under contract over the past three months was 34.

Bottom Line

If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market!


Should I Buy a Home Now? Or Wait Until Next Year?

(Published on - 10/4/2017 5:54:13 PM)
Should I Buy a Home Now? Or Wait Until Next Year? [INFOGRAPHIC]| MyKCM

Some Highlights:

  • The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 4.4% by next year.
  • CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

Where Are Home Prices Heading in The Next 5 Years?

(Published on - 8/30/2017 5:49:04 PM)

While no one can predict the future, this information is based on historical data and trends. 

 

Where Are the Home Prices Heading in The Next 5 Years? | MyKCM

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey:

Home values will appreciate by 5.0% over the course of 2017, 4.0% in 2018, 3.2% in 2019, 3.0% in 2020, and 3.0% in 2021. That means the average annual appreciation will be 3.64% over the next 5 years.

Where Are the Home Prices Heading in The Next 5 Years? | MyKCM

The prediction for cumulative appreciation increased from 17.8% to 18.4% by 2021. The experts making up the most bearish quartile of the survey are projecting a cumulative appreciation of 6.7%.

Where Are the Home Prices Heading in The Next 5 Years? | MyKCM

Bottom Line

Individual opinions make headlines. We believe this survey is a fairer depiction of future values.


Want to Keep up with the Joneses? Now's the Time

(Published on - 8/27/2017 2:04:01 AM)
Want to Keep Up with the Joneses? Now’s the Time | MyKCM

Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life?

Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home.

The National Association of Realtors reports that national inventory levels are now at a 4.3-month supply. A normal market, where prices appreciate with inflation, has 6-7-months inventory. The national market has echoed the conditions felt in the starter and trade-up markets as inventory has declined year-over-year for 25 consecutive months.

The chart below shows the relationship between the inventory of homes for sale and prices.

Want to Keep Up with the Joneses? Now’s the Time | MyKCM

According to Trulia’s latest Inventory Report, the inventory of homes for sale in the two lower priced markets has dropped by double digit percentages over the last 12 months (16% for starter and 13% for trade-up homes). While the inventory of homes in the premium home category has dropped by only 4%.

This has created a seller’s market in the lower-priced markets, as 54% of homes were on the market for less than a month in the last Realtors Confidence Index, and a buyer’s market in the luxury market, where homes were on the market for an average of 160 days according to the Institute for Luxury Home Marketing.

Bottom Line

If you are even thinking of listing your home and moving up to a luxury home, let’s get together to evaluate your ability to do so. Homeowners across the country are upgrading their homes, why can’t you? Your dream home is waiting!


Supporting Veterans through Soldier's Best Friend

(Published on - 8/5/2017 8:43:07 PM)

 

Marlon Duer, Realtor® CNE, CMRS

"Duer Gets It Done"

 

 

 

Dear Friends & Family,

 

Would you like to help a Veteran in need?

Let me introduce you to an amazing non-profit organization called Soldier’s Best Friend that trains and provides service dogs to Veterans in need—at no cost to the Veteran. Recently, I learned that there is a waiting list for these service animals, and my first thought was, “What can I do to help?”

 

I have decided to launch a new referral program called “Ruff”erals for Veterans. For each transaction I close, I will donate 10% of my commissions to the Soldier’s Best Friend organization. The cost to train a service dog is approximately $5,000. (The Veterans Administration will not subsidize any of these costs.) My goal is to provide a minimum of one service dog per year but with your help, I know we can do more. For each real estate referral (or “Ruff”eral ) that you give me, I will also donate 10% of those commissions to Soldiers Best Friend. The more referral business generated, the more dogs I will sponsor in your name.

 

A few statistics about the Afghanistan/ Iraq war:

  • It is the longest war in our nation’s history and still ongoing
  • Over 7,000 service personnel have paid the ultimate sacrifice
  • More than 300,000 personnel have come home with Traumatic Brain Injury (TBI)
  • More than 400,000 personnel have been diagnosed with Post Traumatic Stress

 

Assuming that each of these 700,000 soldiers need a service dog, it would cost somewhere around $3.5 billion. As a Veteran myself, I pledge to support the men and women who volunteered and sacrificed for our freedoms.

 

Thank you for taking the time to read this. If you know someone who is considering buying or selling a home, please send me their name and email so I can start assisting them today!

 

 

Sincerely,

 

Marlon Duer

 

Marlon Duer, Realtor

 

 

Realty Executives 11211 N. Tatum Blvd #130 Phoenix, AZ 85028 (602) 510-6703

Not intended to solicit homes currently listed with another Brokerage. *conditions applymini me


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CNE (Certified Negotiation Expert) CMR (Certified Military Relocator)

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