Real Estate News

Ponte Vedra Beach Market Update - Winter 2018

Posted on by Lisa Barton

The consensus outlook for the U.S. economy continues to be optimistic for the remainder of 2018 and full year 2019.  Real GDP is projected to grow 2.9% and 3.1%, respectively, for the 4th Quarter 2018 and all of 2019—this compares favorably to 2.2% in 2017.  Unemployment is forecasted to remain below 4% through 2019. Existing home sales, while lower than the past two quarters, are thought to improve to $5.4 million in FY 2019.  The housing market will face some headwind from rising mortgage rates and existing home sales prices.

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Mortgage Rates - What’s in Store for Ponte Vedra Beach Mortgages?

Posted on by Lisa Barton

Most home sales in Ponte Vedra Beach make use of a conventional or jumbo mortgage. We asked our favorite loan officer for insight into what to expect next year for mortgage rates. Here's what he had to say:

Forecasts for mortgage interest rates for 2019 and beyond are all over the map. Ranging from an expectation of between 5.3% and 6% by year end 2019 all the charts agree on one thing - mortgage rates will continue to rise through the next two years! At this time last year, the professional forecasters were predicting that rates would be between 4.375% and 4.75% by year end 2018; however most lenders actually tipped over the 5% rate this past week for the traditional 30 year mortgage.

So, from a recent historical perspective, rates at year end last year were in the 3.75% to 4% range, the first time 4% was achieved consistently in several years. This year was the first time in many, many years that 5% was reached.

Let’s examine what best case and worst case projected increases for 2019 mean for your potential 30 year mortgage if you wait another year to make a home purchase in Ponte Vedra:

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Summer Trends in Home Design Spotted in Ponte Vedra Beach

Posted on by Lisa Barton

Whether you are selling your home or just looking to update the interior, here are this year’s hottest summer trends spotted in Ponte Vedra Beach that will keep you cool for the season.

  • Ice Cream Pastels - “Gelato colours are going to be a huge trend in both interiors and fashion this year” (Housebeautiful.com). The color pop of brightly colored pillows or vases brings the sunshine indoors, without running up the AC bill!   

  • Geometrics - From rugs and upholstery to wallpaper and art, geometric designs are hot this summer.  Figurines can offer an interest piece on a coffee table, and wall art brings a new, modern dimension to the room. 

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Is a tankless hot water heater for you?

Posted on by Lisa Barton

It’s your turn to take a shower but you’re pacing in circles because all the hot water is gone, oh and its mid-winter and all you want to do is take a hot shower.

Have you ever been in this situation? You might want to consider a tankless hot water heater, also known as demand-type or instantaneous water heater. Tankless water heaters can avoid the standby heat losses associated with storage water heaters. 

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Virtual Videos for Our Listings

Posted on by Lisa Barton

We are SO excited about a new camera technology for marketing our listings! The Matterport Pro 3D has hit the market and it is making huge waves in the real estate industry. This camera collects accurate visual and spatial data to map entire areas, and then automates the footage for a 3-D viewing experience. The Matterport Camera has special technology that captures 2-D (RGB) imagery then converts the data to 3D content for a highly realistic representation of the space. The complete 3-D digital replica can be navigated on a desktop or virtual reality platform. The camera is all in one, “With a single scan, you get everything you need to communicate, market, and exhibit real-world places with your audience” (matterport.com). 

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