New affortable homes in Harveeville, SC - NO MONEY DOWN, NO CLOSING COSTS

Are you looking to buy a new construction home with $0 down and no closing costs?
It's possible.
Jamestown in Harveeville, SC is a  community of affordable, energy efficient homes starting at the low price of $119,900. Select from 3, 4, & 5 bedroom, 2 bath ranch plans with custom cabinets and appliances. In Jamestown your family will enjoy fishing in the lake, the private and convenient lakeside picnic area with tables and grills, the children's playground, street lighting, and nature walk areas, just steps from your own home.

Jamestown homes for sale CLICK HERE

Call Angelina Singleton for more information, floor plans or to schedule a showing

843-290-6513

LISTING COURTESY OF CARMEN WASHINGTON

Ready for a Jolt to the Housing Market?

The strengthening of the economy will drive the housing market forward this year and make up for last year’s “unspectacular” housing activity, according to Fannie Mae’s Economic & Strategic Research Group’s report, released Thursday. Stronger wages for many Americans likely will lead to a higher rate of household formation in 2015, Fannie researchers note.
Fannie economists point to several positives in the housing recovery’s favor: Low gasoline prices, stronger labor market conditions, rising household net worth, improving consumer and business confidence, and reduced fiscal headwinds. Fannie economists predict the economy to climb to 3.1 percent this year, up from its prior estimate of 2.7 percent.

"Our theme for the year, ‘Economy Drags Housing Upward,’ implies that both housing and the economy will pick up some speed in 2015, but that the economy will grow at a faster pace," says Fannie Mae Chief Economist Doug Duncan. "We have revised upward our full-year economic growth forecast to 3.1 percent for 2015, which is not yet robust but still an improvement over last year’s growth. Consumer spending should continue to strengthen due in large part to lower gas prices, giving further support to auto sales and manufacturing. We believe this will motivate the Federal Reserve to begin measures to normalize monetary policy in the third quarter of this year, continuing at a cautiously steady pace into 2016 and 2017, likely keeping interest rates relatively low for some time."
The strength in the broader economy, along with employment and income growth, is expected to lead to a more active housing market, Duncan says. Fannie economists are predicting that home sales will increase 5.8 percent this year, due to low mortgage rates and the gradual easing of lending standards.

"Most of that is likely to come from growth in existing home sales, but we expect the rising share of new home sales to lead to a healthy increase in single-family construction of about 19 percent, or 765,000 units,” Duncan adds. “Although we don’t view this as signaling a breakout year for housing, we do expect to see broad-based improvement in 2015 following a disappointing and uneven year for the housing recovery in 2014."

Ready to sell or buy real estate? Call Angelina Singleton today.
843-290-6513
AngelinaSingHHI@gmail.com
http://angelinasingleton.kwrealty.com
Source: “2015 Economic Outlook: Economy Drags Housing Upward,” Fannie Mae (Jan. 22, 2015)

Great 3 bedroom 3 bath Home in Bluffton for Sale $245 000

22 Ashbury Ct, Bluffton SC
29910
$245 000
1 710 sq. ft.

This lovely 3 bedroom, 3 full bathroom Charleston style home in Westbury Park is a real "gem". Full size lot on private cul-de-sac street. Updated bright kitchen with stainless steel appliances. Freshly painted interior. This home has oversized balcony, beautiful Lowcountry style front porch, gated back porch and detached 1 car garage. Move in ready.

Call Angelina Singleton from Keller Williams Realty, Hilton Head Island 843-290-6513
AngelinaSingHHI@gmail.com
http://angelinasingleton.kwrealty.com

2015 Housing Market Expectations

Stronger Economy, Solid Job Growth Expected to Boost Home Sales in 2015:

Existing-home sales are forecasted to rise about 7 percent in 2015 behind a strengthening economy, solid job gains and a healthy increase in home prices, according to NAR Chief Economist Lawrence Yun. Check out the 2015 housing market expectations in the infographic below and this newly-released short video

#1 Reason to Sell Your Home Now

If you are one of the many homeowners out there who are debating putting their home on the market in 2015, don’t miss out on the opportunity that currently exists. There will be significantly less competition in the winter months than in the spring.

According to the National Housing Survey released by Fannie Mae, 45% of homeowners “say mortgage rates will go up in the next 12 months.”

What Does This Mean?

Homeowners are unaware that interest rates are projected to go up by all four major reporting institutions – This is big news for move-up buyers reflecting the overall amount of housing inventory that will be on the market.

If existing homeowners believe that mortgage interest rates are not going to increase, then they won’t be inclined to make a move by putting their home up for sale, meaning less competition for sellers who list now.

Don’t Wait!

The study also revealed that:

“Those who say it is a good time to buy a house rose to 68%” & “the share of respondents who think it would be difficult to get a home mortgage today decreased by 3 percentage points.”

As Doug Duncan, senior vice president and chief economist at Fannie Mae explains:

“We expect consumer attitudes toward housing to improve as the pickup in the overall economy lifts employment and income prospects.“

Bottom Line

There are buyers out there who are ready to make a move. If your goal this year is to move up to your dream home, what are you waiting for?

#sellinghome #hiltonheadislandrealestate #sellhiltonheadhome

Acticle from keepingcurrentmaters.com

Heritage Lakes Community, Bluffton, SC

Heritage Lakes is a residential 250 acres community in the heart of Bluffton, SC. It is located off of Highway 278, near the bridge to Hilton Head Island. Heritage Lakes encompasses 235 home sites, some with lagoon views.

Decorated with oak and pine trees, Heritage Lakes reflects the beauty of Bluffton Lowcountry. The lagoons attract several wading birds, stocked with bass, shellcracker and brim for great fishing. This neighborhood's location provides ready access to several restaurants and shops.

The community does not have a common area swimming pool, but there is a boat-&-RV storage lot.

Interested in buying a home in this neighborhood? Call Angelina Singleton at 843-290-6513

Keller Williams Realty Hilton Head Island

Palmetto Hall Plantation, Hilton Head Island, SC

Newer homes and accessibility are two of the main attractions in Palmetto Hall of Hilton Head’s non-resort private residential communities located just off of Beach City Road near the new Mathews Drive/Beach City roundabout. 

Palmetto Hall Plantation is a gated community with 523 lots of which 409 are developed properties.  The Plantation has two great 18 hole golf courses, the Arthur Hills Course and the Robert Cupp Course, two tennis courts, a pool and pavilion and a beautiful southern-style clubhouse. Palmetto Hall is plantation community of Greenwood Development Corporation. 
Interested in buying a home in Palmetto Hall Plantation on Hilton Head Island,SC? Call Angelina Singleton at 843-290-6513 or go to http://angelinasingleton.kwrealty.com/

10 Reasons 2015 Will Rock for Real Estate

After a slowdown in the market this year, housing analysts and economists have high hopes for 2015. The real estate market is expected to build momentum across the board nest year, mostly because of a strengthening economy.

Here's a recap of some of the real estate forecasts for 2015:

1. Millennial force: Younger professionals are having more luck in the job market, which is expected to help more of them jump into home ownership in the new year. Overall, employment is on the rise, but jobs for Millennials — particularly those aged 25 to 29 — has risen by 3 percent. That's one percentage point above the nationwide rate. According to some forecasts, Millennials are expected to drive two-thirds of household formations over the next five years. The forecasted addition of 2.5 million jobs next year, as well as an increase in household formation, will likely drive more first-time home buyers into home ownership, according to realtor.com® projections.
2. Home prices stabilize: The double-digit price increases seen in 2013 have slowed, and more stable growth was the trend in 2014. As investors have retreated from the market, so have the rapid home prices in many markets. Home prices are expected to continue to edge up in 2015, with realtor.com® predicting a 4.5 percent gain. "After two years of abnormally high levels of home-price appreciation in 2012 and 2013, price increases moderated throughout 2014," realtor.com® notes in its 2014 Housing Review. "We are now experiencing increases in home prices consistent with long-term historical performance."
3. Mortgage rates rising: Interest rates the last few months have been dipping below 4 percent, lowering the borrowing costs of home buyers and refinancing home owners. However, don't expect the low rates to stick around much longer. Mortgage rates are expected to rise next year. Freddie Mac projects mortgage rates will likely average 4.6 percent but inch up to 5 percent by the end of 2015.
4. Return of the 3 percent down payment: New programs are popping up to help more buyers break into home ownership with lower down payments. In early December, Freddie Mac and Fannie Mae announced conventional loan down-payment programs that will allow qualified first-time buyers to secure a fixed-rate mortgage with a 3 percent down payment. Prior to that, they needed at least 5 percent. Also, "there are many states as well as national programs, which offer grants that range from 1 to 5 percent to be used for a down payment or closing costs," writes Damian Maldonado, co-founder of American Financing Corp., at CNBC. "These easing loan standards will allow more first-time buyers to enter the market."
5. Housing affordability declines: Affordability for homes, based on home-price appreciation and rising mortgage interest rates, will likely fall by 5 percent to 10 percent in 2015, according to realtor.com® forecasts. However, the decline in affordability could be offset by an increase in salaries next year for many households. "When considering historical norms, housing affordability will continue to remain strong next year," realtor.com® notes in its report.
6. New-home sales rebound: Single-family new-home starts barely budged in 2014 compared to 2013, and new-home sales remain far from normal levels. But that could finally turn around in 2015. Sales of new homes are expected to rise 25 percent as single-family construction picks up traction in 2015. The National Association of REALTORS® projects single-family housing starts torise to 820,000 in 2015, which is still below the 1 million historical average. In the latest new-home report, sales dipped 1.6 percent in November, but builders are remaining optimistic heading into the new year. "As the labor market and broader economy continue to strengthen, we can expect the housing sector to gain momentum heading into next year," says David Crowe, chief economist for the National Association of Home Builders.
7. Foreclosures recede to pre-recession levels: The number of foreclosures is expected to continue to fall in 2015, but expect them to still be elevated in some pockets across the country — particularly in judicial states where foreclosures must wind through the courts. Foreclosure filings have been on the decline for most of this year. From January through November, foreclosure filings fell about 172 percent compared to the same period one year prior, according to RealtyTrac data. "Every month so far this year, we've been down from a year ago," Daren Blomquist, vice president of RealtyTrac, said in a prior report. The only uptick has been in foreclosure auctions, which are up 5 percent in November compared to one year earlier. Foreclosures will likely fall to pre-crisis levels in 2015, Blomquist predicts.
8. Drop in oil prices will boost housing: Oil prices have plunged 45 percent since June, which could inadvertently provide a lift to the housing market. "Households in the U.S. spend more than $1,800 on energy-related costs annually, and 22 percent of that energy consumption is due to residential real estate," according to CoreLogic's 2015 Housing Outlook. "So while the drop in oil prices typically has been linked to a reduction in driving-related expenses, it clearly also reduced energy-related expenses for residential real estate."
9. Rent rises to outpace home-value growth: Rents likely will continue to rise in the new year, and an increase in rental costs in 2015 could outpace annual home-price gains. Expect the rental market to remain a "landlord's market" in 2015, with vacancy rates expected to stay below 5 percent in the new year, according to the National Association of REALTORS®. That should lead to demand pushing rents up even higher and keeping them above inflation, notes NAR Chief Economist Lawrence Yun. Apartment rents are projected to increase 4 percent in 2014 and 4.1 percent in 2015.
10. Stronger economy leads to greater confidence: A stronger economy will likely lead to more demand for housing in 2015. "Overall, the economy finally appears to be gaining enough momentum to help provide the support that the housing market has needed for stronger recovery," Sam Khater, deputy chief economist at CoreLogic, notes in the company's 2015 Housing Outlook. "The combination of stronger employment growth and especially Millennial job growth makes for solid footing for the real estate market. Moreover, the recent drop in oil prices cannot be overstated, because not only does it directly lower the transportation and home energy costs for households, but it also improves consumer confidence. And confident consumers are more likely to spend on big ticket items, which is sweet music to the ears of the real estate market."

—By Melissa Dittmann Tracey, REALTOR® Magazine