Friday, September 30, 2016

Likelihood of home price declines? 4% and dropping

Likelihood of home price declines? 4% and dropping

WALNUT CREEK, Calif. – Sept. 28, 2016 – The likelihood of home price declines across the United States over the next two years remains very low – only 4 percent, according to the Fall 2016 Housing and Mortgage Market Review published by Arch Mortgage Insurance Company.
While the overall risk is only 4 percent, it's also on the decline. One year ago, the risk was 6 percent; two years ago, it was 13 percent. In Florida, the two-year risk of a housing price decline is only 2 percent.
Despite the low overall risk of home price declines, however, some areas of the U.S. have decelerating home price growth and remain at heightened risk for home price declines. Those areas are generally the energy-extraction (coal, oil or natural gas) states.
"Apart from some underlying issues that continue to hold back the housing sector, ranging from weak wage growth to skyrocketing student debt, strong dynamics are now in place that will continue pushing up home prices faster than inflation for the foreseeable future," says Dr. Ralph G. DeFranco, global chief economist, mortgage services at Arch. "Positive fundamentals in today's housing market include affordability, job growth, a shortage of housing, rising rents and underpriced or fairly valued housing in most areas of the country. Given these positives for home prices, it isn't surprising that there is a low probability home prices will decrease in two years."
The report presents the state- and metro-level Arch MI Risk Index. The company bases its risk assessment on recent economic and housing market data.
The Fall 2016 edition also has a special report on regional oil shocks and the home price index that compares the decline in oil prices over the past two years to the oil shock of the mid-1980s. Although there was a similar decline in crude oil prices of roughly 60 percent both then (November 1985 to March 1986) and now (June 2014 to year-end 2015), the size of the employment shock in the 1980s was far larger than the most recent event.
Today's housing market has been less affected by the decline in oil prices, thanks to both a greater economic diversity and because the 1980s home-price drop was amplified by the savings and loan crisis.
On a state level, North Dakota, Wyoming and West Virginia remain the states most at risk of home prices declines. The economies in these three states are currently in recession with weakening employment, due primarily to declines in energy-related jobs. North Dakota has the highest Arch MI Risk Index value at 47 (a 47 percent chance of a price decline of any magnitude over the next two years); Wyoming has a Risk Index of 44; West Virginia has a Risk Index of 31.
© 2016 Florida Realtors®

Thursday, September 29, 2016

SOLD! 3386 SE Cassell Lane, Stuart, FL 34997

Congratulations to Dr. & Mrs Memon on the sale of their Rocky Point home in Stuart, Florida​.  Jane​ and I took a listing that had been for sale for over a year and set our marketing dial to 11, putting it under contract in less than a month.  The drone video you see, done by the peerless photographer Matthew Stone​ is what attracted the buyer.  We would like to thank Jaimee Carmody​ of The Law Office of Jordan Fields​ for the great closing work, Jackie Brown​ of Jackie Brown's Real Estate Closing Coordinators, LLC​ for the excellent contract to close preparation, Jessica Chaney for the awesome referral and Martin Carmody- Real Estate Professional​ for bringing us a qualified buyer.  We also have to thank the whole staff at Keller Williams​ Treasure Coast , a great place to grow your career.  To speak to Treasure Coast Homes Online - McAllister Int'l Group​ call us at 561-756-0891 or visit

#KellerWilliams #RealEstate #HappyClients #LuxuryWaterfront #LuxuryHomes #Waterfront #DroneVideo #VirtualTour #McAllisterIntlGroup #TreasureCoastHomesOnline

Wednesday, September 21, 2016

Rent vs Buy

#RentVsBuy? Let our experts help you find the perfect loan to go with your perfect home! Call Treasure Coast Homes Online - McAllister Int'l Group of Keller Williams 561-756-0891. Thanks to Bryant Stuckey of Embrace Home Loans.

Monday, September 19, 2016

New Spanish Speaking Agent Joins McAllister Int'l Group

The McAllister Int'l Group of Keller Williams Treasure Coast is very proud to announce our newest team member Joel Sanchez. Joel brings to our team an amazing sense of energy and excitement. He has the drive and ability to deliver our clients a WOW level Customer Experience. Joel is also fluent in Spanish which allows us to assist an even wider base of buyers and sellers. To speak to Joel you can call him directly at 772-579-1377. You can also visit our website to search for any homes anywhere anytime:

Friday, September 16, 2016



Saint Lucie County residents may be able to qualify for up to $15,000 in down payment and closing cost assistance. The McAllister Int'l Group knows the professionals who can get you the answers and we have a team ready to find you that perfect home! Call us 561-756-0891 or visit our website to search any properties for sale (no registration required to search.)

#RealEstate #McAllisterIntlGroup #TreasureCoastHomesOnline #KellerWilliams #HomesForSale #TreasureCoast #CustomerExperience #HappyClients #Mortgage #downpaymentassistance #PortStLucie

Monday, September 12, 2016

3080 Briarbrook Way, Palm City, Florida 34990


5+ Acres in Gated Equestrian Community in Palm City, to build your own custom home and stables. Possible 15+ Acres if buy the two adjacent parcels, all on Lake. Meadow Run is a Luxury Gated Community close to dining, shopping, world class fishing, beaches and Martin Counties 32 golf courses. Good location to travel 95 or the Turnpike north 2 hours to Orlando or south to Palm Beach, Miami or the Keys.

Call the McAllister Int'l Group 561-756-0891 or visit:

#PalmCity #RealEstate #McAllisterIntlGroup #TreasureCoastHomesOnline #KellerWilliams #CustomBuilt #HomesForSale #VirtualTour #TreasureCoast #BringYourHorses #Equestian #LandForSale #MeadowRun