Stay on top of the latest Hilton Head real estate and community updates, market trends, analysis, and news from our blog.

Dec. 20, 2019

Where is the Housing Hilton Head Market Headed in 2020?

Where is the Housing Market Headed in 2020? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020!
  • According to CoreLogic, home prices will appreciate at a rate of 5.4% over the course of the year.
  • Experts predict that the number of homes sold next year will be equal to or outpace 2019.

If you're thinking of buying a home on Hilton Head Island, choosing to work with a real estate professional could be the most crucial element of the home buying experience. Local Hilton Head Real Estate expert Ron Burhans with Charter One Realty has been selling homes in the area for more than 25 years. As a full time REALTOR®, Ron is always available to take your call at 843-816-1690.

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

 

Source.. KCM Home Search Hilton Head Blog

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Hilton Head Real Estate

Posted in Buying, Hilton Head, Selling
Dec. 16, 2019

December 2019: The Buyer Stakes Are High Because Inventory Is Low

 

December 2019: The Buyer Stakes Are High Because Inventory Is Low | MyKCM

The reality of what we’re seeing this month is that homes are selling fast. In today’s strong seller’s market, bidding wars are common and expected with starter or entry-level homes.

In most areas of the country, first-time buyers have been met with fierce competition throughout their homebuying experience. Some have been out-bid multiple times before finally going into contract on a home to call their own.

Right now, inventory is the big challenge. Here’s what we know today:

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently a 3.9-month supply of homes for sale, which can drive this kind of hefty buyer competition. Remember, anything less than 6 months of inventory is a seller’s market.

Even though the month’s supply of inventory is not increasing, ironically, the number of homes for sale is. This means homes are coming up for sale, but they’re being sold quickly. The graph below shows the year-over-year change in inventory over the last 12 months.December 2019: The Buyer Stakes Are High Because Inventory Is Low | MyKCMAs depicted above, the percentage of available inventory has fallen for four consecutive months when compared to the previous year.

So, what does this mean? If you’re a buyer, be sure to get pre-approved for a mortgage and be ready to make a competitive offer, so you can move quickly. Chances are, homes high on your wish list are likely going to go fast.

Bottom Line

If you’re thinking of buying a home, make sure you’re taking the right steps at the beginning of the process, so you’re a top contender if you ultimately find yourself in a bidding war. Let’s get together to discuss what you need to do to make your move toward homeownership.

Posted in Buying
Dec. 13, 2019

November 2019 Hilton Head Market Report

Hilton Head Market Report

Hilton Head Market Report

In November, the Federal Reserve reduced its benchmark rate for the third time this year. This action was widely anticipated by the market. Mortgage rates have remained steady this month and are still down more than 1 percent from last year at this time. Residential new construction activity continues to rise nationally. The U.S. Commerce Department reports that new housing permits rose 5% in October to a new 12-year high of 1.46 million units.

While many economic signs are quite strong, total household debt has been rising for twenty-one consecutive quarters and is now $1.3 trillion higher than the previous peak of $12.68 trillion in 2008. While delinquency rates remain low across most debt types (including mortgages), higher consumer debt loads can limit future household spending capability and increase risk if the economy slows down.

To view all active, under contract and closed listings for the past 30 days, visit my Hilton Head Market Report page.

If you are thinking of buying or selling a home or villa on Hilton Head Island, choosing to work with the right real estate professional could be the most crucial element to your success. I am a local Hilton Head Real Estate expert with Charter One Realty and have been selling homes in the area for more than 25 years. As a full time REALTOR®, I am always available to take your call at 843-816-1690.

-Ron Burhans

Dec. 5, 2019

What is the Best Investment for Americans?

 

What is the Best Investment for Americans? | MyKCM

If you're thinking of buying a home on Hilton Head Island, choosing to work with a real estate professional could be the most crucial element of the home buying experience. Local Hilton Head Real Estate expert Ron Burhans with Charter One Realty has been selling homes in the area for more than 25 years. As a full time REALTOR®, Ron is always available to take your call at 843-816-1690.

Some are reporting that there is trepidation regarding the real estate market in the United States. Apparently, the American people are quite comfortable.

Porch.com, a major network helping homeowners with their renovation projects, recently conducted a survey which asked Americans:

“What do you believe is the safest investment over the next 10 years?”

U.S. housing came in at number one, beating out other investments such as gold, stocks, bonds, and savings.

Here is a graph showing the top five investments Americans selected:What is the Best Investment for Americans? | MyKCMThe findings of the Porch.com survey also coincide with two previous surveys done earlier this year:

  1. The Federal Reserve Bank’s 2019 Consumer Expectations Housing Survey reported that 65% of Americans believe homeownership is a good financial investment, and that the percentage has increased in each of the last four years.
  2. The Gallup survey showed that Americans have picked real estate as the “best” investment for six straight years.

Bottom Line

Based on all three surveys done this year, we can see that Americans still believe in homeownership as a great investment, and that feeling continues to grow.

Source.. KCM Home Search Hilton Head Blog

To show my commitment to my clients, I will utilize the latest technology, know-how and information allowing me to find you the perfect home at the best price.

To connect with me directly,

Please call Ron at 843-816-1690

Or via email: ron@ronburhans.com

 

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Hilton Head Real Estate

Posted in Buying, Hilton Head
Dec. 4, 2019

Sell My House in Hilton Head | 7 Reasons to List Your House This Holiday Season

7 Reasons to List Your House This Holiday Season | MyKCM

Most real estate brokers and agents don’t really have all the tools needed to provide 100% selling services to sellers that need to sell their houses quick, for cash and at a fair price.

This is why we have integrated fully with all the data on the MLS and became a real estate source to thousands of investors in the Hilton Head area.

If you are in the market to sell you home and you are in need for a fair offer right away… you’ve come to the right place.

We can provide customized innovation towards all your real estate needs if you are a home seller.

If you are thinking of selling your Hilton Head area home, a great place to start would be our market report page where you can click on your area of the island to find the latest closed and pending sales as well as all the current listings.

Today, I would like to talk to you about 7 Reasons to List Your House This Holiday Season.

Around this time each year, many homeowners decide to wait until after the holidays to list their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why listing your house now or keeping it on the market this winter may be the best choice you can make.

Here are seven great reasons not to wait:

  1. Relocation buyers are out there now. Many companies are still hiring throughout the holidays, and they need their new employees to start as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to days and times that are most convenient for you. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is minimal competition for you as a seller right now. Over the past few months we’ve seen the supply of homes for sale decreasing year-over-year, as shown in the graph below:7 Reasons to List Your House This Holiday Season | MyKCM
  6. The desire to own a home doesn’t stop during the holidays. Buyers who were unable to find their dream homes during the busy spring and summer months are still searching, and your home may be the answer.
  7. Late fall and early winter make up the “sweet spot” for sellers. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge and reach new heights in 2020, which will lessen the demand for your house next year.

Bottom Line

It may make the most sense to list your home this holiday season. Let’s get together to determine if selling now is your best move.

Source.. KCM Home Search Hilton Head Blog

To show my commitment to my clients, I will utilize the latest technology, know-how and information allowing me to bring you the best and highest offer for your house.

To connect with me directly,

Please call Ron at 843-816-1690

Or via email: ron@ronburhans.com

Posted in Hilton Head