It may be for Western New York and the rest of the country for that matter. Last year marked the highest number of homes sales nationwide since 2007. Last October alone, the number of closings in WNY was up 23 percent from just the year before!
Why, you might ask? Record-low mortgage rates paired with eager buyers taking advantage of the relative high affordability of homes (cost to potential worth ratio) in the market contributed significantly to the jump in sales.
Sales did drop slightly in December. This can most likely be attributed to concerns of the potential "Fiscal cliff". But last year as a whole saw existing home sales hit 4.65 million, up 9.2 percent from 2011 nationally.
These trends look to continue in 2013. It is anticipated that January sales will be back up with the supportive buying conditions and the increased incentives for first-time homebuyers.
The sales boom of 2012 has left the market lacking inventory. Last years 3rd quarter saw a drop of 16 percent in the amount of homes on the market from the same period in 2011. The shallow pool of available homes could lead to increased prices. In just the last year the average home in WNY has reached $140,829, up 9.58 percent from 2011.
I wouldn't expect a drastic change in Buffalo or our surrounding commuinities though. Winter is typically a slow time for housing sales. However, the number of new listings and sales is expected to return to the volume we saw in late summer early fall of last year by Spring. The housing industry is not out of the hole completely, but locally and nationwide the market is gaining strength.
I've said it many times over the last couple years, NOW is the time to buy. Make your American Dream come true. Call a local REALTOR® and visit www.2FindYourHome.com to begin your search.
As always, thank you for making 2FindYourHome Western New York's choice. We will continue to be your most accurate and up-to-date source for all things real estate.
Tuesday, January 29, 2013
Tuesday, January 8, 2013
BUFFALO, NY – January 4, 2013 – HUNT Mortgage is pleased to welcome Marian Guarino to their leading team of mortgage consultants. With 27 years of experience, Guarino brings a wealth of knowledge and a track record of success to the organization.
“My recent change in career to join HUNT Mortgage was an opportunity for me to come home to the Sales Manager, Jeanie Grant, who really took a chance on me 8 years ago. The transition was refreshing, knowing I was walking into the best team environment possible,” says Marian Guarino.
Guarino specializes in tailoring the best solution for clients interested in buying a home or refinancing one. She maintained one of the highest business capture success rates at her previous employer, and converted 50% of all pre-qualifications to mortgage applications in 2012. She is an FHA Direct Endorsed Underwriter, as well as Licensed Mortgage Consultant, MLO#64679. Guarino’s vast experience extends from processing, closing, underwriting, and pricing on secondary to quality control management.
”I have known Marian for many years, and I am thrilled to work with her again. Marian represents everything that I look for in an originator, and I am excited to see her grow with us,” said Jean Grant, VP with HUNT Mortgage.
Guarino received a Regents diploma at Starpoint, and she has taken various correspondent courses relative to the mortgage industry as well as Harvard Business courses in business management. She services clients in the market areas of West Seneca and the Village of Williamsville.
HUNT Mortgage prides itself on providing the best products and service in the industry, with an elite staff of mortgage consultants and an innovative website. The organization recently launched a new online mortgage application, to help clients begin the process online, at their convenience.
To contact Marian Guarino directly call 716-417-3491 or email her at email@example.com. For more information about HUNT Mortgage, visit www.huntmortgage.com or on Facebook at www.facebook.com/HuntMortgage.
About HUNT Real Estate ERA
HUNT Real Estate Corporation is the parent company of HUNT Mortgage, and also owns HUNT Real Estate ERA, the largest family-owned and operated real estate company in the area. A leader in the residential real estate industry with over 100 years of experience, HUNT also operates a commercial brokerage as HUNT Commercial Real Estate, two insurance agencies – HUNT-Vanner Associates and HUNT Insurance Agency, a title agency – Network Title Agency of New York, an award-winning Relocation division, a residential building company and a fee-for-service brokerage. For more information about HUNT’s full suite of homeownership services visit them at www.huntrealestate.com or on Facebook at www.facebook.com/HUNTRealEstate.
5400 Broadway Street, Lancaster, NY 14086 (716) 633-3700.
HUNT Mortgage is an Equal Housing Lender, and is a Licensed Mortgage Banker with the NYS Department of Financial Services NMLS #37406, a Licensed Mortgage Lender with the State of Arizona #0910422, and a Licensed Mortgage Lender with the State of Florida #MLD368.
This communication is provided to you for informational purposes only and should not be relied upon by you. The rates, terms, and products described are subject to change and entirely dependent on your particular characteristics. You should contact a HUNT Mortgage licensed Mortgage Consultant directly to learn more about HUNT Mortgage products, your eligibility for such products and to formally submit a loan application.
Isabel J. Robitaille, President & CEO is pleased to announce that Robitaille Relocation & Real Estate has celebrated their 20th Anniversary. This Woman Owned company has grown from a sole proprietor to a team of twenty-five professionals who are certified in their particular skills and many have been affiliated with the firm for more than 15 years. Robitaille offers specialized Relocation and Destination Services for corporate transferees and new hires as well as full real estate services for the local buyer and seller of homes. The Robitaille trademarked tag line “Welcome Home” carries a special meaning for all those associated with the firm. The only unique company in Western New York that offers this specialized service.