Friday, July 20, 2018

95% likelihood home prices will rise over next two years

The Florida Association of Realtors predicts prices will continue to rise over the next two years... 

"Rapid price growth of exisitng homes are particularly at the lower end of the market."  Inventory is still low for existing homes which is good news for current homeowners.    Read the full article here.  

-reposted by JoAnn Young - Melbourne, Florida Realtor, Young & Young Properties 321-243-4917

Tuesday, July 10, 2018

15 ways to Save Money

Reposted Excerpts from DaveRamsey.com
15 Practical Ways to Save Money
Imagine how your life would change if you suddenly had money left in your monthly budget. What would you do with that cash over time? Beef up your emergency fund? Pay off your car? Finally take the vacation you’ve always dreamed of?
It can happen! Just take stock of your spending and identify areas where you can save. When you make a few tweaks to your expenses, you could be surprised at how much money you have left in your budget.

1. Get rid of your debt.

Monthly debt payments are the biggest obstacle to saving money. It robs you of your income! So, get rid of that debt. The fastest way to pay off debt is with the debt snowball method. This is where you pay off your debts in order from smallest to largest. It sounds intense, but it’s more about behavior change than numbers. Once your income isn’t tied up in monthly debt payments, you can finally use it to make progress toward your savings goals.

2. Cut down on groceries.

Most budgeters are shocked to find out how much they’re actually spending at the grocery store each month. Save money on groceries by planning out your meals each week and taking inventory of your pantry before you head to the store. This will help prevent you from overspending and wasting food. And think about cutting back on snacks and junk food that can send you over your budget!

3. Cancel subscriptions and memberships.

Chances are, you’re paying for multiple subscriptions like Netflix, Spotify, gym memberships, trendy subscription boxes, or Amazon Prime. Cancel any subscriptions you don’t use regularly. If you really miss one, subscribe again—but only if it fits into your new budget.

4. Buy generic.

In most cases, the only thing that’s better about brand-name products is the marketing. Generic medication, staple food items, cleaning supplies, and paper products cost far less than their brand-name, marked-up competitors.

5. Cut ties with cable.

It’s no secret that cable prices are continuing to rise.(2) The average monthly price for cable TV is about $106 a month—which adds up to over $1,200 a year!(3) Here’s the good news: cable isn’t the only way to watch your favorite shows these days. Cut the cord and find out how to save big with alternatives to cablelike network apps and streaming services.

6. Automate your savings.

Save money without thinking about it. Set up your bank account to automatically transfer funds from your checking account into a savings account every month. Or, set up your direct deposit to automatically transfer 10% of each paycheck into your savings account.

7. Spend extra or unexpected income wisely.

When you get a work bonus, inheritance or tax refund, put it to good use. You’ll be better off using those funds to pay off your student loans or credit card balance than stashing it away. If you’re debt-free, use those extras to build up your emergency fund.
Bonus tip: If you regularly receive large tax refunds, adjust your paycheck withholding so that you bring home more money in your paycheck each month.

8. Reduce energy costs.

If you’re serious about saving money, be more mindful of your energy consumption. Simple things like taking shorter showers, fixing leaky pipes, washing your clothes in cold water, and installing dimmer switches or LED lightbulbs are easy wins. There might be an initial investment for new, more energy-efficient appliances; but if you work it into your budget, you should be able to pay cash for those improvements.

9. Unsubscribe from emails.

Email marketers are really good at what they do. They know the irresistible temptation of a flash sale or exclusive coupon! If you just can’t resist shopping when you see a special offer, click the unsubscribe link at the bottom of the email. You’ll be less tempted to spend and your inbox will be a lot less cluttered. It’s a win-win!

10. Borrow, don’t buy.

Need a tree trimmer for some weekend yard work or a handheld blender to make a batch of soup? Borrow it from a friend or neighbor instead of taking a trip to the store.

11. Pack lunch.

According to the Bureau of Labor Statistics, the average household spends approximately $3,154 on food outside of the home each year.(4) Buying lunch a few times a week may seem harmless in the moment, but it’s a pretty indulgent (not to mention preventable) expense!

12. Ask about discounts.

You’ll never know unless you ask. Next time you’re getting tickets at a movie theater, museum or sporting event, ask if they have any special discounts for seniors, students, military, or AAA members.

13. Take advantage of your retirement savings plan.

If your employer offers a 401(k) match and you aren’t taking full advantage of it, you’re missing out big-time! Talk to your HR department to set up an account. Remember, wait until you’re debt-free (except your mortgage) and have an emergency fund of three to six months of expenses saved before you start saving for retirement.

14. Lower your cell phone bill.

If your monthly cell phone bill rivals your monthly grocery budget, it’s time to find ways to cut back. Save money on your cell service by getting rid of extras like costly data plans, phone insurance, and unnecessary warranties. And don’t be afraid to haggle with or completely switch your provider! It might require a little persistence and research, but the savings are worth it.

15. Try a spending freeze.

Don’t buy any nonessential items for a week—or even a month! Make it work by prepping meals with the food you already have, avoiding stores where you tend to impulse buy, and saying no to anything that isn’t a basic necessity.

Wednesday, June 27, 2018

Signs the Housing Market is Cooling

Check out these signs that the market is beginning to change from a sizzling hot market to just hot.
  1. Market inventory has increased in the last few months.
  2. Some sellers that haven't sold are pulling their homes off the market to rent them.
  3. We have started seeing selling bonuses added to boost sales.
  4. Agents are having more broker open houses. These weren't necessary over the last few months.
  5. Price reductions are being announced and that means sellers need offers.
  6. REO and Foreclosures were selling in a day or two after hitting the market. Prices climbed and now investors are not as willing to pay those top prices and pay over listing prices. Rehab costs have skyrocketed.
  7. Days of the market has increased by several weeks to nearly 3 months now.   
We are in the selling season, sales should be at their best but these signs mean a cooling is beginning to take place. It is time to be watchful and start looking closely at the market in Brevard. Buyers may begin to have more choices and opportunities.