RON BOROWSKI FEB 2015 (PDF)

Feb. 2015

Ron Borowski

What’s in Store for the
National Housing Market
in 2015?

REALTOR®


Call Ron: 602-684-4959

Email: ron@ronborowski.com

Website: www.ronborowski.com
"Expect The Best!"




"I Always Appreciate Referrals!"




The calendar reads February 2015, and that can mean only one thing: it’s prime-time
predictions season. Everyone, it seems, is clamoring to know what the future holds for
the national housing market. It’s easy to understand why.
It’s been nine years since the housing bubble peaked and three years since home prices
bottomed out. In 2014 alone, we weathered a Polar Vortex blamed for slowing home
sales at the beginning of the year and witnessed various stops and starts throughout the
remaining months as the economy — and the housing market — two-stepped toward
full recovery.

Did You
Know?
A lobsters blood is colorless but
when exposed to oxygen it turns
blue
The safest car color is white
A piece of paper cannot be folded
more than 7 times
The WD in WD-40 stands for Water
Displacer
Your tongue is the fastest healing
part of your body
Rubber bands last longer when kept
refrigerated
In every episode of Seinfeld there is a
reference to Superman
Hawaii is the only US state that grows
coffee
Iceland consumes more Coca Cola
per capita than any other country

We, too, were eager to know what the experts had to say about the year ahead. So, we
surveyed the road ahead, consulted the soothsayers and compiled a short list of what we
consider to be sound projections for the coming months. Here are three to consider.
Single-family housing is poised to take off. A growing economy, rising household
formations and pent-up demand will help boost new-home construction this year,
according to economists from the National Association of Homebuilders (NAHB). NAHB
predicts single-family home production will rise 26 percent, to 802,000 units, and reach
1.1 million in 2016. Setting the years between 2000-2003 — when single-family production
averaged 1.3 million units annually — as a benchmark for normal housing activity, singlefamily starts are expected to steadily rise to 90 percent of normal by fourth quarter 2016.
Consumer optimism will continue. Jed Kolko, chief economist for real estate data firm
Trulia, said consumers have had a confident outlook since the recovery started, and their
sunny disposition isn’t about to wane now. Nearly three-quarters of respondents in a
recent Trulia survey agreed home ownership is part of achieving their personal American
Dream — roughly the same results as in a similar survey the year prior and slightly above
levels of the three previous years. Fully 36 percent of survey respondents said this year will
be a better year to sell than 2014.
The millennial generation will begin to make its mark on housing. According to Realtor.com
Chief Economist Jonathan Smoke, more than two-thirds of household growth in the next
five years is expected to come from this influential generation. Millenials have been slow
to form new households for a number of reasons, but 2015 may well be the year when
they leave their parents’ nest and become first-time homebuyers.

Visit me online@

www.ronborowski.com

Feb. 2015 Real Estate Market Update
Single Family
Homes Only

December 2014
Closings

January 2014
Closings

Short Sales

169

106

Lender Owned

272

214

Regular/Other

4,803

3,553

Total Sales

5,244

3,873

Selling your home takes more
than just a sign in the front
yard.  After many years as a
Real Estate Professional,
constant market changes, 

new finance and loan
regulations, new home sales
competition, and buyer demographics, has shown me
you’ll need much more to sell your home.   Call me today
for your free no-obligation consultation and let’s talk
about what it takes to sell your home today!

Statistics gathered from ARMLS deemed reliable but not guaranteed. Figures gathered on 2-1-15 

and reflect the entire month of January and December, single family homes only, Greater Phoenix area.

What to Do!



So your new years’ resolutions have been set and you are off to a great start! Or maybe you're off to a slower start. Either way, good
for you on setting some new years’ goals. The new year brings hopes that goals will be fulfilled. What a euphoric thought - almost as
if a weight has been lifted off of you. So what's to stop you from reaching your goals? The answer to this is simple; the lack of a plan.
We live in a time of many distractions. Most of us own some sort of electronic device that gives us access to almost any information we
could ever want in a split second. With this type of information overload, we are OVERWHELMED. So I would like to offer direction and
a plan to those of you whose new years’ resolution is to buy a home in 2015. Here are 5 steps to help you plan and succeed in buying a
house this year.
1.
First, take a look at your credit score. There are many companies that can help you with that, in fact, the amended Fair Credit
Reporting Act permits you to request a free copy of your credit report once every 12 months from each of the three major credit agencies
(Equifax, Experian, and Trans Union). This way, any repair that needs to be done can be done before purchasing your new home. This will
give you a greater chance of getting the loan you desire.
2.
Second, although obvious, earn and save more cash. Buying a home may be one of your biggest, if not the biggest,
purchase you will make in your lifetime. It will be a financial commitment for the rest of your life from the monthly mortgage to the
annual maintenance, so every penny counts. If you are not on a budget, this is the time to get on one. If you are on a budget, take a
look at it and see where you can cut costs to save more. There are many fees and unexpected expenses with buying a home so be
ready. Some people even pick up a second job to put toward savings for their home.
3.
Third, talk to lenders. Take initiative way before you buy your home and see what you qualify for. This will help narrow your
real estate search based on cost.  Lenders can also give advice on anything else you may need to do to make sure you qualify. For
example, don’t make any big purchases that you may need to finance.
4.
Fourth, seek wisdom. When starting any new venture, the best thing you can do is get more education. Learn about the areas
you will be including in your search. Use the technology you have at hand to get more information. As your real estate agent, I would be
happy to help point you in the right direction - just ask!
5.
And lastly, go and seek. Now that you know what your budget is, what you qualify for, and where you may want to live - drive
some neighborhoods. Spend time in those neighborhoods, shop there, eat there, really try to imagine what it would be like to live there.

www.ronborowski.com
RE/MAX Sun Properties | 16704 Avenue of the Fountains, Fountain Hills, AZ 85268