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@ Market Common
We are pleased to announce to all our homeowners @ Market Common that we now offer a “Full Service” Real Estate Office. NOW we can assist you with all your real estate needs; buying or selling anywhere on the Grand Strand! .
Our location has not changed. We are still on the corner of Howard & Hackler. Even the phone number is the same: 843.839.2121… .And YES, we can assist you in purchasing all new products at Market Common with buyer representation.
Look forward to hearing from you soon.
Penny I Boling
President
Century 21 Boling & Associates, Inc.
843.449.2121 www.century21boling.com
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Key Trends in Baby Boomers Moving in “Retirement”
2010 Del Webb Baby Boomer Survey
To move or not to move?
o
o
do so as compared to 36% among the 1996 50-year-olds.
The desire to move during retirement is on the rise as 42% of today’s 50-year-olds plan toWhere will you move?
o
to a different state while about 25% of them plan to move to a different city within the same
state.
Approximately 50% of both age groups who plan to move during retirement plan to moveo
Florida, Tennessee and Arizona also remain Top contenders.
The Carolinas are the New Florida among both the younger and older Baby Boomers.o
(15%), Tennessee (9%), Arizona (8%), California (8%), and Virginia (8%).
50-year-old’s ranking of where to move: S. Carolina (20%), N. Carolina (16%), Floridao
(15%), Tennessee (12%), Virginia (10%), Arizona (6%), and California (6%).
64-year-old’s ranking of where to move: N. Carolina (19%), S. Carolina (16%), FloridaSo what’s important in deciding where to move?
o
location for both age groups.
“Cost of living” and “healthcare” were the MOST important considerations in selecting aHow about age-restricted communities?
o
planning to move again, fully 10 to 1 indicate a preference for age restriction.
Interest in age-restricted appears to peak after age 50. Of those Del Webbers who areAbout 1/3 of Baby Boomers plan to move to a new home during retirement.]]>]]>
CONGRATULATIONS!
Congratulations to all of my Associates and Staff for a wonderful, successful year! You all did an amazing job in this market place and landed Century 21 Boling & Associates, Inc. in the Number #1 Position in our MLS for offices! Your challenges were great but you all moved forward to make a difference for all of your buyers and sellers. Our staff supported us all to give us the freedom to do our jobs of listing and selling real estate during 2009. I applaud you too! Our market is changing daily and so are we to meet this market with our continued training and motivation!
WELL DONE Century 21 Boling Associates & Staff
Your Broker,
Penny B
We hope you find these hints helpful and if you do encounter any burst water pipes, call FSA-Full Steam Ahead @ 843-626-7391. We respond 24 hours a day and on time. Let FSA-Full Steam Ahead take on the burden of repairing your home.
Copyright 2010
The deepest and longest recession since the Great Depression appears to be over, Fannie Mae economists say, projecting sales of new and existing homes will jump 11 percent next year and that national home prices will stabilize, remaining essentially flat.
The mortgage guarantor's monthly housing forecast projects 5.96 million home sales in 2010, with sales of existing homes growing by 10 percent, to 5.46 million. New-home sales are expected to rebound even more sharply in 2010, growing by 24 percent to 498,000.
"It appears that the economic recovery is here," Fannie Mae economists Doug Duncan and Orawin Velz said in a report summarizing their economic and mortgage forecasts, although they expect it will be weak compared to previous recoveries from deep recessions.
Real gross domestic product (GDP) grew at a 3.5 percent annualized pace in the third quarter, following five declines in the prior six quarters, they noted, but growth is likely to moderate in the final three months of the year before strengthening in late 2010.
The first-time homebuyer tax credit helped boost third-quarter home sales, which also led to a jump in real estate brokerage commissions, Duncan and Velz said in their report.
A 23.3 increase in the annualized rate of residential investment (home sales) in the third quarter was the largest in more than two decades, although it came from "extremely depressed" levels, the report said. Real residential investment was contributing to economic growth again, adding 0.5 percentage points to third-quarter GDP growth.
But a survey of consumers in October showed the percentage of respondents indicating that "jobs are hard to get" hitting a new high for the downturn. In their economic forecast, Duncan and Velz said they expect the unemployment rate to average 10 percent next year, up from 9.3 percent this year and 4.6 percent in 2007.
Their housing forecast projects that housing starts will surge by 35 percent next year, from a recent historic low of 462,000 projected starts in 2009 to 624,000 next year.
Fannie Mae expects national home prices will stabilize next year, with the median resale home price remaining essentially unchanged at $170,800. That's a 0.2 percent decline from 2009 and a 22 percent decline from 2007.
The median price of a new home is expected to fall by nearly 2 percent from this year to next, to $208,400 -- a 16 percent decline from 2007.
Although new-home sales fell in September after five consecutive months of increases, the months' supply of new homes was unchanged at 7.5 months. New-home stocks have fallen steadily since May 2007, and are at the lowest levels since 1982, Duncan and Velz said in their analysis.
Other data indicate "a substantial excess supply of housing." The homeowner vacancy rate grew to 2.6 percent during the third quarter -- still below the 2.9 percent level reached at the end of 2008 but well above the long-term average of 1.7 percent.
At 11.1 percent, the third-quarter rental vacancy rate was the highest since record-keeping began in 1965. That has depressed rents, which along with stagnating wages relieves pressure on the consumer price index, and that should in turn allow the Federal Reserve to keep short-term interest rates on hold until late 2010, the Fannie Mae economists project.
Mortgage originations are expected to plummet 29 percent next year from 2009 levels, to $1.34 billion, as mortgage rates rise and this year's refinancing boom comes to an end.
Fannie Mae projects $1.3 billion in mortgages will be refinanced this year, accounting for two-thirds of mortgage originations by dollar volume. Only about half the volume in refinancings is expected next year, as many who are eligible to refinance will have already done so. Also, interest rates for 30-year fixed-rate conforming mortgages are expected to rise from an average 5.07 percent this year to 5.42 percent in 2010.
Rates on 30-year fixed-rate mortgages hit a record low of 4.78 percent in April, largely due to the Federal Reserve's purchases of up to $1.25 trillion in mortgage-backed securities in a temporary program that's scheduled to end in March 2010.
With purchase-loan volume expected to climb 13 percent in 2010, to $733 billion, refinancings will make up less than half of the total dollar volume of mortgage loans.
Applications for adjustable-rate mortgage (ARM) loans are expected to account for 8 percent of loan requests next year, up from 5 percent this year but significantly less than the 20 percent market share ARMs caputured in 2007, when the financial crisis began.
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On February 17, 2009, the American Recovery and Reinvestment Act of 2009 was passed, which includes a $8,000 tax credit that would be available to First-Time Home Buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. Check with a local Century 21 Agent about state tax credits, as there may be additional tax benefits that may also be in effect in your home state.
The credit does not require repayment as long as the house remains your primary residence for at least three years. Most of the mechanics of the credit will be the same as under the 2008 rules.
Before you decide to use the First-Time Homebuyer Tax Credit, please remember to consult with a tax professional. Contact a Century 21 Sales Professional today and get on the PATH HOME. 843-449-2121
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21% OF THE PIE BELONGS TO CENTURY 21 OFFICES IN THE GRAND STRAND!!
Do you want to SELL your house, or do you want the best agent in town to help you BUY a house?? Call a Century 21 Agent!! Call us at 843-449-2121 today! We had 52 sales in the month of March! Real Estate is selling, and we will help YOU today with any real estate needs you have!
The faces of Century 21 Boling & Associates! Penny Boling & Sara Boling are a unique Mother and Daughter team. They not only work together everyday side by side making Century 21 Boling & Associates what it is today, but they are also best of friends. If you can’t find them in the office you can find them somewhere throughout the community. Both are very involved in the community and sit on many various boards, volunteering their time and giving back to the Grand Strand. Sara is very active with the Chamber of Commerce, and GS Scene, along with many other outreaches. This is just one of many traits she inherited from her mother. If you are in the
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“The men and women of Century 21 Boling & Associates truly understand that dedication, professionalism, excellence and service are what drive the real estate industry,” said Thomas R. Kunz, President and Chief Executive Officer, Century 21 Real Estate LLC. “The individual effort of each member of the Century 21 Boling & Associates team is what the Double Centurion Office Award truly recognizes.” Individual agents from Century 21 Boling & Associates have also been recognized for receiving awards. Traci Miles was recognized with achieving the Centurion Producer Award for her Individual Sales Production. Other agents recognized for 2008 sales production are; Danny Baxley, Gene Heidt, Glenn Hellofs, Wendy Hodges, and Shaun Milligan whom also received awards as “Top Producers.” In addition, realizing that customer service is an integral part of its commitment to professional excellence, Century 21 Real Estate LLC has recognized Wendy Hodges with the Century 21 Quality Service Producer Award.
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Spring is approaching on the Grand Strand and so are potential home buyers.
Last weekend was a welcome preview for many local Realtors. Thousands of visitors descended on Myrtle Beach for the annual marathon or for a long weekend because of the Presidents Day holiday, and some of them took the chance to look at real estate.
"We were swamped," said Penny Boling, broker in charge of Century21 Boling & Associates. "We had open houses at The Market Common and Windsor Plantation on Saturday. We had probably 75 to 100 people through those projects."
Usually, sales start jumping after Memorial Day, but agents see spurts of traffic on weekends such as this and typically on Easter weekend, said Tom Maeser, market analyst for the Coastal Carolinas Association of Realtors.
"Everyone I talked to was real happy with the weekend. They had a lot of traffic," Maeser said.
There were six single-family houses and five condos or townhouses that went off the market over the weekend and are now listed as pending sales in the CCAR's Multiple Listing Service. Realtors have 72 hours to enter the information, Maeser said, so some of the pending sales from the weekend might not be reflected yet.
In many cases, people were just checking out their options. This year, distressed pricing from the bout of local foreclosures have made people even more curious, Maeser said.
Selling prices of single-family houses sold through the local Multiple Listing Service in December were down about 15 percent year-over-year to $179,900 and condo prices were down about 11 percent to $140,750.
"We're down now to where the people that are coming back year after year are seeing some very good deals," he said.
Kay Mullins with CANA Corp. said she saw about eight people stop by her open house at a Myrtle Beach home on Sunday.
"The worse the weather is up North, the better off we are in February and March," she said. "When the weather's bad up there, people start to wonder why they don't live here."
She said that despite the increase in activity, it can be tough to make a sale because financing is tight.
"It's hard for even a qualified person to get a loan. I think that's part of the process, we need to get money available to borrowers," she said. "If some of this money doesn't trickle down to our borrowers, the market's not going to improve."
Matt Ragan, the broker in charge of Buy Land or Sea Properties in Murrells Inlet, said that he didn't notice a boost this weekend, but soon he expects investors to start buying condos and beach houses to take advantage of the summer rental market.
"We'll really be able to see, or at least maybe get an idea, in upcoming weeks and months what's going to happen with our real estate [market] and economy," Ragan said.
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