It’s a Seller’s Market – by Paul Langrock

Remax housing-blocks
Freddie Mac deputy chief economist Len Kiefer said. “Looking ahead to the rest of the year, we maintain our positive outlook and expect a pick-up in growth.” and “…economic growth should be solid enough for robust job gains & improving housing markets.” National Association of Home Builders Chief Economist David Crowe: “The housing recovery is likely to surge next year as low mortgage rates, solid employment gains, and pent-up demand set the stage this year.”
The Langrocks assert that with foreclosures and short sales at their lowest point since ‘08 and healthy growth in jobs, incomes, and population

Nationally: Values up! US median home value for Feb 2014 – Feb 2015 rose 3.9%
Florida: Values rose 8.5% year-over-year to $170,500
Locally:
Palm Harbor 34683: +7.8% year over year median price $213,900
Palm Harbor 34684: +12.9% year over year median price $155,100
Palm Harbor 34685: +8.2% year over year median price $267,200
Tarpon Springs 34688: +7.9% year over year median price $299,600*

Mortgage Rates continue at near yearly lows – latest release by Freddie Mac 4/30/15: 3.68% 30-year fixed, 2.94%, 15-year fixed and 1-Yr ARM 2.49%

 

* Zillow home value index