Sept. 9, 2018

RE/MAX Elite Reaches their goal of $10,000 for 2018's Month of Miracles!

RE/MAX Elite Reaches their goal of $10,000 for 2018's Month of Miracles!

Brevard Business Leaders Show Support for CMN at Orlando Health Arnold Palmer Hospital for Children During Month of Miracles

RE/MAX, Children’s Miracle Network Hospitals® Team Up for Mega-Month of Local Fundraisers and Giving for Kids

MELBOURNE, FLORIDA, Sept 9, 2018 – Inspired by a 25-year-long partnership between RE/MAX and Children’s Miracle Network Hospitals® (CMN Hospitals), RE/MAX Elite is proud to celebrate the seventh annual Month of Miracles throughout August by hosting several fundraisers and events. This is the 12th year the office has increased awareness for Children's Miracle Network at Orlando Health Arnold Palmer Hospital for Children the local CMN Hospital.

“It’s a priority RE/MAX Elite to give back to the community in which we live and work,” said Justin Brown, CEO/President of RE/MAX Elite “One-hundred percent of the monies raised go toward life-saving treatments, medical equipment and valuable research, and it’s truly humbling to see their impact on our Brevard County friends and neighbors.”
 
RE/MAX Elite held a Miracle Month kick off Party Doughraiser at Uno’s Chicago Grill on August 1st, a Ceiling Painting Tile Party mid month and our final event was at our Annual Family Fun Day where we did our first Dunkin for Miracles event where each of our Management Team took a turn at getting dunked.  Throughout the RE/MAX Elite’s fundraising efforts, we were able to reach out $10,000 goal for this year’s Month of Miracles.  RE/MAX Elite has donated more than $250,000 since opening the doors in 2006.

Since 1992, RE/MAX Affiliates across the U.S. and Canada have raised $157 million for 170 member hospitals. RE/MAX Miracle Agents, Offices and Teams are dedicated supporters who pledge to make a donation after each closed transaction. Although funds are donated throughout the year, August serves as a reminder to Brevard County residents that healthy communities – and especially children – matter to RE/MAX Associates.

Homebuyers and sellers also are able to participate in the celebration. A RE/MAX Miracle Home or commercial Miracle Property is identifiable by a rider on top of RE/MAX yard signs. Homebuyers and sellers are also able to show their support by requesting that their home be a Miracle Home. Many homes on remax.com are flagged as a Miracle Home with a CMN Hospitals yellow and red balloon icon.

RE/MAX ELITE was founded in 2006 by Justin and Breanne Brown. In a few short years the office has grown to become the #1 RE/MAX in Brevard County (since 2009) by providing superior support services to over 100 experienced full-time real estate professionals. RE/MAX ELITE is part of a network that has over 123,000 Sales Associates in over 100 countries and territories. This is an international presence greater than any of its competitors. Their offices are located in Melbourne, Cocoa Beach, Merritt Island, Indialantic and Palm Bay Florida. RE/MAX ELITE is proud of its Premier Community Citizenship, which has helped raise over $250k for deserving organizations like Children’s Miracle Network Hospitals and Brevard’s Children & Families in Need.

 

Sept. 6, 2018

The Latest Trends in Home Security - US

The Latest Trends in Home Security

Many years ago, the only options for home security were robust systems that required expensive installation. Plus, whenever you were away, you had no idea what was going on in your home unless you got a call that your alarm was tripped.
New technology now makes it easy to install affordable systems yourself and keep an eye on your home while you’re away. This can give you more peace of mind and greater control over your home’s security. The downside: using technology to protect your home means you’re vulnerable to hacking. But this could be a risk worth taking if you want to keep your home secure.

Here are some of the latest home security trends you may want to explore using for your abode.

DIY alarm systems

Gone are the days of needing an alarm company to come to your home and do an expensive installation. Some companies such as Simplisafe offer systems that allow you to decide exactly which components you want and easily install it yourself. It requires some work to set it up, but it will save you big bucks.

Affordable, smart security cameras

Getting security cameras to keep an eye on your home used to be costly. Companies like Amazon and Nest now sell very affordable, smart home security cameras that link up to other digital devices. Some smart cameras also allow you to talk through them, so if someone has broken into your home, you can actually speak to them and potentially scare them away...or you can tell your dog to get off the couch.

Control your system & get notifications

Many of the newer alarm systems come with smartphone apps that allow you to arm and disarm your system from anywhere, plus you can get notifications if your alarm was tripped and info on which sensor was set off. This can help beyond break-ins; for example, you could put a sensor on your liquor cabinet, and if you’re away and get a text that this sensor was tripped, you’d know one of your teenagers was up to no good.

Sharable Security

Several newer home security systems offer neighbors the ability to easily share security footage and alerts with each other. If your neighborhood experiences an uptick in package theft, you and your neighbors can help each other stop the thief.

If you want to go beyond these security measures and look for a home that feels safer, we would love to help you.

 

Posted in Homeowner Tips
Sept. 3, 2018

Home Sales Expected to Continue Increasing in 2019

Freddie MacFannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019.

Home Sales Expected to Continue Increasing in 2019 | Simplifying The Market

As we can see, Freddie MacFannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase steadily over the next year. If you are a homeowner who has considered selling your house recently, now may be the best time to put it on the market.

Posted in Buyers, Sellers
Aug. 29, 2018

Top 3 Myths About Today’s Real Estate Market

There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a mortgage.

Today, we want to try and clear the air by shedding some light on what’s causing some of these headlines, as well as what’s truly going on.

Myth #1: We Are Headed for Another Housing Bubble

Home prices have appreciated year-over-year for the last 76 straight months. Many areas of the country are at or near their peak prices achieved before the last housing bubble burst. This has many worried that we are headed towards another housing bubble.

Reality: The biggest challenge facing today’s real estate market is a lack of homes for sale! Demand is strong, as many renters have come off the fence and are searching for their dream homes.

Historically, a normal market requires a 6-month supply of inventory in order for prices to rise with the rate of inflation. According to the National Association of Realtors (NAR) there is currently a 4.3-month supply of inventory.

The US housing market hasn’t had 6-months inventory since August 2012! The concept of supply and demand is what is driving home prices up!

Myth #2: The Rumored Recession Will Lead to Another Housing Market Crash

Economists and analysts know that the country has experienced economic growth for almost a decade. When this happens, they also know that a recession can’t be too far off. But what is a recession?

Merriam-Webster defines a recession as “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two consecutive quarters.”

Reality: Recession DOES NOT equal housing crisis. Many people associate these two terms with one another because the last time we had a recession it was caused by a housing crisis. According to the Federal Reserve, over the last 40 years, there have been six recessions. In each of the previous five recessions, home values appreciated.

Myth #3: There is an Affordability Crisis Looming

Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home.

There are many different affordability indexes supported by different organizations that all measure different data. For this reason, there is a lot of confusion about what “affordable” actually means.

The monthly cost of a home is determined by the home’s price and the interest rate on the mortgage used to purchase it. According to Freddie Mac, interest rates have risen from 3.95% in January to 4.59% just last week.

Reality: As we mentioned earlier, home prices have appreciated year-over-year for the last 76 months, largely driven by high demand and low supply.

According to a recent study by Zillow, the percentage of median income necessary to buy a home in today’s market (17.1%) is well below the mark reached in 1985 – 2000 (21%), as well as the mark reached in 2006 (25.4)! Interest rates would have to increase to 6% before buying a home would be less affordable than historical norms.

The starter-home market has appreciated at higher levels (9.4% year-over-year) than any other market. One reason for this is the fact that many of the first-time buyers who have flocked to the starter-home market are being met with high competition. For some hopeful buyers, it may take more than a good offer to stand out from the crowd!

Bottom Line

There is a lot of confusion in today’s real estate market. If your future plans include buying or selling, make sure you have a trusted advisor and market expert by your side to help guide you to the best decision for you and your family.

Posted in Buyers, Sellers
Aug. 16, 2018

3 DIY projects to do before fall

Home improvement projects can be fun and add value, whether you’re making your home space more usable, more attractive, or more comfortable. Here are three projects to get your creativity flowing based on your skillset.

 

Posted in Buyers, Sellers
Aug. 9, 2018

Will Your Current House Fit Your Needs in Retirement?

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.

According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your retirement home.1

1. Affordability

“It may be easy enough to afford your home today but think long-term about your monthly costs. Account for property taxes, insurance, HOA fees, utilities – all the things that will be due whether or not you have a mortgage on the property.”

Would moving to a complex with homeowner association (HOA) fees actually be cheaper than having to hire all the contractors you would need to maintain your home, lawn, etc.? Would your taxes go down significantly if you relocated? What is your monthly income going to be like in retirement?

2. Equity

“If you have equity in your current home, you may be able to apply it to the purchase of your next home. Maintaining a healthy amount of home equity gives you a source of emergency funds to tap, via a home equity loan or reverse mortgage.”

The equity you have in your current home may be enough to purchase your retirement home with little to no mortgage. Homeowners in the US gained an average of over $16,300 in equity last year.

3. Maintenance

“As we age, our tolerance for cleaning gutters, raking leaves and shoveling snow can go right out the window. A condominium with low-maintenance needs can be a literal lifesaver, if your health or physical abilities decline.”

As we mentioned earlier, would a condo with an HOA fee be worth the added peace of mind in knowing that you do not have to do the maintenance work yourself?

4. Security

“Elderly homeowners can be targets for scams or break-ins. Living in a home with security features, such as a manned gate house, resident-only access and a security system can bring peace of mind.”

As scary as that thought may be, any additional security and an extra set of eyes looking out for you always adds to peace of mind.

5. Pets

“Renting won’t do if the dog can’t come too! The companionship of pets can provide emotional and physical benefits.”

Evaluate all of your options when it comes to bringing your ‘furever’ friend with you to a new home. Will there be necessary additional deposits if you are renting or moving in to a condo? Is the backyard fenced in? How far are you from your favorite veterinarian?

6. Mobility

“No one wants to picture themselves in a wheelchair or a walker, but the home layout must be able to accommodate limited mobility.”

Sixty is the new 40, right? People are living longer and are more active in retirement, but that doesn’t mean that down the road you won’t need your home to be more accessible. Having to install handrails and make sure that your hallways and doorways are wide enough may be a good reason to look for a home that was built to accommodate these needs.

7. Convenience

“Is the new home close to the golf course, or to shopping and dining? Do you have amenities within easy walking distance? This can add to home value!”

How close are you to your children and grandchildren? Would relocating to a new area make visits with family easier or more frequent? Beyond being close to your favorite stores and restaurants, there are a lot of factors to consider.

Bottom Line

When it comes to your forever home, evaluating your current house for its ability to adapt with you as you age can be the first step to guaranteeing your comfort in retirement. If after considering all these factors you find yourself curious about your options, let’s get together to evaluate your ability to sell your house in today’s market and get you into your dream retirement home!

Posted in Buyers, Sellers
Aug. 6, 2018

4 Reasons Why We Are Not Heading Toward Another Housing Bubble

With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago.

Here are four key metrics that will explain why:

  1. Home Prices
  2. Mortgage Standards
  3. Foreclosure Rates
  4. Housing Affordability

1. HOME PRICES

There is no doubt that home prices have reached 2006 levels in many markets across the country. However, after more than a decade, home prices should be much higher based on inflation alone.

Last week, CoreLogic reported that,

“The inflation-adjusted U.S. median sale price in June 2006 was $247,110 (or $199,899 in 2006 dollars), compared with $213,400 in March 2018.” (This is the latest data available.)

2. MORTGAGE STANDARDS

Many are concerned that lending institutions are again easing standards to a level that helped create the last housing bubble. However, there is proof that today’s standards are nowhere near as lenient as they were leading up to the crash.

The Urban Institute’s Housing Finance Policy Center issues a monthly index which,

“…measures the percentage of home purchase loans that are likely to default—that is, go unpaid for more than 90 days past their due date. A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing tighter lending standards, making it harder to get a loan. A higher HCAI indicates that lenders are willing to tolerate defaults and are taking more risks, making it easier to get a loan.”

Their July Housing Credit Availability Index revealed:

“Significant space remains to safely expand the credit box. If the current default risk was doubled across all channels, risk would still be well within the pre-crisis standard of 12.5 percent from 2001 to 2003 for the whole mortgage market.”

3. FORECLOSURE RATES

A major cause of the housing crash last decade was the number of foreclosures that hit the market. They not only increased the supply of homes for sale but were also being sold at 20-50% discounts. Foreclosures helped drive down all home values.

Today, foreclosure numbers are lower than they were before the housing boom. Here are the number of consumers with new foreclosures according to the Federal Reserve’s most recent Household Debt and Credit Report:

  • 2003: 203,320 (earliest reported numbers)
  • 2009: 566,180 (at the valley of the crash)
  • Today: 76,480

Foreclosures today are less than 40% of what they were in 2003.

4. HOUSING AFFORDABILITY

Contrary to many headlines, home affordability is better now than it was prior to the last housing boom. In the same article referenced in #1, CoreLogic revealed that in the vast majority of markets, “the inflation-adjusted, principal-and-interest mortgage payments that homebuyers have committed to this year remain much lower than their pre-crisis peaks.”

They went on to explain:

“The main reason the typical mortgage payment remains well below record levels in most of the country is that the average mortgage rate back in June 2006, when the U.S. typical mortgage payment peaked, was about 6.7 percent, compared with an average mortgage rate of about 4.4 percent in March 2018.”

The “price” of a home may be higher, but the “cost” is still below historic norms.

Bottom Line

After using these four key housing metrics to compare today to last decade, we can see that the current market is not anything like that bubble market.

Posted in Buyers, Sellers
Aug. 4, 2018

Q2 2018 Market Share - Brevard County

Check out Brevard County Market Share for January 1, 2018 – July 31, 2017!

RE/MAX Elite is the #1 Real Estate Company in Brevard!

This was made possible by having some of the most dedicated Realtors on the Space Coast consistently delivering extraordinary results for our Elite Nation Fans! This year has been another amazing ride for us that has been full of excitement. We have been breaking company records all year long! With our support personnel, lead generating systems, tools, technology coaching, business/accountability mentoring and so much more that is helping take our agents real estate careers to the MAX! Our team is led by Justin Brown aka “JB” who is a Billion Dollar Broker that is homegrown with over 20 years of experience selling in Brevard. JB is constantly in research & development mode analyzing new products and services that will keep our Elite family on the cutting edge. We have gained priceless wisdom through the years that has fueled our success today, which will continue to inspire us to achieve greatness tomorrow. Elite Agents - For PDF versions, log into Backagent or email Heather!

   

Posted in Market Share
Aug. 2, 2018

Month of Miracles Kick off Party 2018

We had another amazing Miracle Event at UNO’s!! Thank you everyone for joining us for our Month of Miracles Kick off Party! A huge thank you for all of the raffle items that our Agents and Preferred Partners donated and to our staff for helping make this event a success!!  A special shout out to Lisi Ross and Darlene Hughes for rocking the 50/50 Raffles sales which lead to over $6,000 being raised and to Owner, Breanne Brown who won the 50/50 and donated it all back to CMNH!  Thank you Peggy Pell for helping us put together all of the amazing raffle baskets for this event and Heather Holliday for all of the promotions to help make this event our best year yet!

Between this event and Managing Broker, Kerry Ramage’s Birthday Fundraiser on Facebook which was $520 we were able to raise over $8,200!!!!

Click here to see our Month of Miracle 2018 Events!

#remax4kids #miraclemakers #monthofmiracles #cmnh

Our Children's Miracle Network Hospital Representative came over for our event as well!  Thank you Tyler Swanson for all of the goodies you brought for our event!

Thank you Candace Mulvaney for having this incredible cake by Sweet Inspiration by M.E. made for our event! It not only looked great but it was delicious too!  Visit them online!

Check out some of the fun events we have planned and help us Make Miracles Happen!

 

RE/MAX Elite is Proud to be a Miracle Office raising over $250,000 since opening the doors in 2006!

#1 RE/MAX Office for donations to Orlando CMNH since 2013

2018 Miracle Maker Award Recipient

 
 
Posted in Around the Campus
July 31, 2018

The #1 Reason to Put Your House on The Market TODAY!

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad 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! In fact, the inventory of homes for sale had fallen year-over-year for 36 consecutive months before posting a modest 0.5% gain last month and has had an upward impact on home prices.

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

“It’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what’s needed to satisfy demand levels. Furthermore, it remains to be seen if this modest increase will stick, given the fact that the robust economy is bringing more interested buyers into the market, and new home construction is failing to keep up.”

The few houses that are on the market are selling fast! According to NAR’s Realtors Confidence Index, properties were typically on the market for 26 days.

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!

Posted in Sellers