New home buyers want energy efficiency

New home buyers want energy efficiency  and according to a new survey from the National Association of Home Builders (NAHB), builders are listening.   It appears that energy efficient features and closet space were more important to new home buyers than two-story foyers, outdoor kitchens and whirlpools.

 The NAHB  asked builders which features they were most likely to include or not include in newly built 2015 homes. Here are the results.

http://floridarealtors.org/NewsArticle.cle.cfm.?p=4&.d=321714#

Least likely features included

  • Outdoor kitchens
  • Laminate countertops in kitchens
  • Outdoor fireplaces
  • Sunrooms
  • Two-story foyers
  • Walking/Jogging trails
  • Whirlpools
  • Carpeting as flooring on main levels

Most likely features included

  • Walk-in closets in master bedrooms
  • Laundry rooms
  • Low-e windows
  • Guest rooms
  • Energy-star rated windows
  • Programmable thermostats
  • Two-car garages
  • Granite countertops in kitchens

I must admit to being a little sad to see that whirlpools didn’t make the cut, but the energy efficient features are a perfect fit for Florida’s year round sunshiny weather. Besides, with the most beautiful gulf beaches just minutes away, who needs a whirlpool?

New home buyers want energy efficiency, but we would love to know what features our readers would consider important and which would you just assume leave out?

Visit us on Facebook and share your comments.

 

 

 

 

Borrowers Wait For Lower Mortgage Rates and Lose

According to Janna Herron, Associated Press real estate writer, “Homeowners who delayed locking in super-low mortgage rates – think close to 4 percent for a 30-year fixed – may have waited too long.” Rates are beginning to creep back up. The 30-year rate rose to 4.61 percent from 4.46 percent last week. That is well above the 4.17 percent rate hit a month ago – the lowest level on records dating back to 1971.

“People thought for a while that rates would fall below 4 percent, and they hedged on that,” said New York mortgage broker and banker Andrew Toolin, who had just been on the phone with a client who is paying 5.875 percent on his mortgage. A month ago, the client passed on what now looks like a once-in-a-lifetime opportunity: the chance to refinance at 4.125 percent. That would have put $321 more in his pocket each month. He held out, thinking he could do even better. Now the rate is up to 4.75 percent. He could still shave money off his monthly mortgage payment, but not nearly as much – about $229.“He’s wondering if he should wait for rates to go back down,” Toolin said. “He’s talking to his wife tonight about what to do.”

What is making the rates start to climb? If you look back in prior PURTEE Team Blogs, you will see that interest rates are tied directly to investor buying and selling of Treasury Bonds. With the upcoming tax deal President Barack Obama and Republicans forged that could boost the economy next year if passed, we would see a freeze on tax increases for 2011 and other stimulus tax cuts take effect. A stronger economy would make the stock market a more attractive place to invest money. That’s a big reason why many investors are selling their safer Treasury bonds. As investors sell off these Treasury bonds, rates have to increase for them to compete in the investor market. These bonds help finance the mortgages. As more bonds come on the market, prices become depressed and yields have to increase. “Prices and yields move in opposite directions.”

We talk about the pendulum… which we actually thought would start to swing earlier in the year. Everyone wants to buy at the lowest rate and for the lowest price. We hear it every day. The issue is the uncertainty that lingers as to where the bottom truly is. What we do know is that buy the time the general media says it is time to buy, the real opportunities have been left behind. For additional mortgage information, check out our website… Click Here.

April 10-11: Florida OPEN HOUSE Event

On April 10 & 11, 2010, more than 35,000 blue balloons featuring the Realtor® logo will be flying above mailboxes at open houses from Tampa Bay to the Panhandle to Key West. It’s all part of the first-ever statewide open house weekend! But Florida Realtors aren’t the only ones showcasing properties during that weekend. State and local associations across the country have also designated April 10 & 11 as Open House Weekend. From coast to coast, the signature blue balloons will showcase thousands of open houses. It’s a buyer’s dream! The timing couldn’t be better for buyers. Interest rates are low. There’s a supply of homes at all price points. And the Florida Open House Weekend is two weeks before the April 30 deadline for the homebuyer tax credit.

The PURTEE Team is looking forward to participating in this exciting event! Look for our Balloons at the following Featured Listings:

Saturday, April 10th 1pm to 4pm

12975 96th Ave., Seminole, FL – 4BR/2BA Single Family Home $359,000

17717 Gulf Blvd. #502, Redington Shores Yacht & Tennis Club – 3BR/3BA Waterfront Condo @ $589,000

5396 Gulf Blvd., Seamark, St Pete Beach – 2BR/2BA Gulf Front
#902 – Updated @ $549,900
#602 – New Kitchen & Marble Floors @ $589,000
#802 – Completely Renovated and Remodeled @ $725,000

Sunday, April 11th 1pm to 4pm

530 S Gulfview Blvd., Harborview Grande #406, Clearwater Beach – 3BR/2BA Waterfront Condo @ $575,000

5339 62nd Ave S., Bayway Isles, St Petersburg – Single Family Home 5BR/3.5BA Totally Customized @ $1.4M

If you get a chance, come by and take a look at these dynamic properties!