Peluso Realty Group

06/28/2025

6801 likes, 175 comments. Check out zhxdbvy258’s video.

12/25/2024

12/08/2024

If this ain’t the truth… 😬

07/14/2021

A Look at Home Price Appreciation Through 2025 | Keeping Current Matters*
Home prices have increased significantly over the last year, which in turn has grown the net worth of homeowners. Appreciation and home equity are directly linked – as the value of a home increases, so does a homeowner’s equity. And with these recent gains, homeowners are witnessing their financial stability and well-being grow to record levels.

In more good news for homeowners, the most recent Home Price Expectations Survey – a survey of a national panel of over one hundred economists, real estate experts, and investment and market strategists – forecasts home prices will continue appreciating over the next five years, adding to the record amount of equity homeowners have already gained over the past year. Below are the expected year-over-year rates of home price appreciation from the report:
What Does This Mean for Homeowners?
Home prices are climbing today, and the data in the survey indicates they’ll continue to increase, but at rates that approach a more normal pace. Even still, the amount of household wealth a homeowner stands to earn going forward is substantial. This truly becomes clear when we consider a scenario using a median-priced home purchased in January of 2021 and the projected rate of appreciation on that home over the next five years. As the graph below illustrates, a homeowner could increase their net worth by a significant amount – over $93,000 dollars by 2026.
Home Price Appreciation and Home Equity
CoreLogic recently released their quarterly Homeowner Equity Insights Report, which tracks the year-over-year increases in equity. It shows an average annual gain of $33,400 per borrower over the past 12 months. In the report, Dr. Frank Nothaft, Chief Economist for CoreLogic, further explains:

“Double-digit home price growth in the past year has bolstered home equity to a record amount. The national CoreLogic Home Price Index recorded an 11.4% rise in the year through March 2021, leading to a $216,000 increase in the average amount of equity held by homeowners with a mortgage.”

The expected, sustained growth of home prices means homeowners can continue to build on the past year’s record levels of home equity – and their financial prosperity. It also presents today’s homeowners with a unique opportunity: using their growing equity for a home upgrade. With so few homes available to purchase and strong buyer demand, there may not be a better time to sell your current house and move into one that better meets your needs.

Bottom Line
Home prices are expected to continue appreciating over the next five years, and the associated equity gains are the quickest way homeowners can build household wealth.
* KCM Real Estate Blog

07/12/2021

IS THE SELLERS MARKET OVER? NO! The Independence Day holiday means fewer new sellers and a slowing, but still unusually high pace of home price growth. For buyers, it’s still a tough housing market demanding quick decisions and top dollar, but the shift in momentum suggests that the usual seasonal fall break in prices may return this year. I wouldn’t call today’s housing market buyer friendly, but it’s finally inching in a buyer-friendly direction.

Weekly Housing Trends - Key Findings
Median listing prices grew at 10.1% over last year, marking 47 straight weeks of double-digit price growth. With the rate slowing, we could see single-digit price growth as soon as next week. Still, this pace of growth is higher than normal and comes as median home listing prices hit a 5th consecutive record-high in June at $385,000. However, while home prices didn’t cool until November 2020, we expect this year’s home prices to ease off of summer highs sometime in July or August in a much more typical fashion, creating opportunities for off-season home buyers.

New listings–a measure of sellers putting homes up for sale–slipped 3% ahead of the holiday. We’ve seen more new listings over last year in 12 of the last 15 weeks. The influx of new sellers over the last few months has contributed to slowing price growth and smaller inventory declines. We normally see fewer new sellers ahead of a holiday, and this year was no exception. The dip was a bit larger than we saw last year. With travel and summer vacations resuming in earnest this year, the holiday week likely had a bigger impact on the data. However, we still expect this to be temporary.

Total active inventory is still down, but just 39% from this time last year. This is the 13th consecutive week of smaller year over year decline, in other words, an improvement in the trend for buyers. Even though the housing market continues to be short on homes for sale, the steady increases in sellers are helping.

Time on market was just 23 days faster than last year. The typical active listing hit a new record fast pace of 37 days in June. But the gap between this year’s market and last is shrinking as we reach the point in the year when time on market generally begins to lengthen, and it’s being compared with 2020, when listings moved uncharacteristically faster late in the year. If 2021 has relatively normal seasonality, expect this gap to shrink even further in the weeks ahead.

04/09/2021

Where is the housing market going in 2021?
No one knows for sure but it seems like everyone has a prediction.

Market trends seem to show higher prices, higher mortgage rates and lower inventory. More of the same but less??

Realtor.com research shows:

The housing market continues to be competitive for buyers resulting in higher home prices and quick-selling homes. One bright spot for buyers is new listings increased for the first time this year, and more is likely ahead in upcoming weeks as we move into the heart of home selling season. More listings should give buyers more options, but this good news is somewhat tempered by higher mortgage rates, which will increase the monthly cost of those homes even if price gains slow.

Weekly Housing Trends - Key Findings:

Median listing prices grew at 17.2 percent over last year, marking 33 consecutive weeks of double-digit price growth. Monthly payments increased $100 in the last month thanks to soaring home prices and now climbing mortgage rates. The monthly payment for an 80% loan for the typical listing hit $1,260 in March, matching the previous peaks that we saw in both fall 2018 and spring 2019. Although they remain historically low, mortgage rates are rising and are expected to increase further later in the year, thus affordability will test buyer demand in the months ahead and likely help slow the pace of price growth.

New listings–a measure of sellers putting homes up for sale–notched a 6.3 percent gain compared to this time last year. In the early weeks of the pandemic, sellers–as measured by the new listings trend–were the first to respond to evolving conditions. Thus, while the year over year improvement is welcome, we’re comparing against a low year-ago base. Relative to what we saw in 2017 to 2019, March 2021 was still roughly 117,000 new listings lower, adding to the pre-existing early-year gap of more than 200,000 fresh listings that would typically have come to market in January or February. As the weather warms, the key weeks for selling activity are still ahead of us, and we expect to see more new listings growth, but we are watching rising COVID case numbers as a possible risk to that projection.

Total active inventory continues to decline, dropping 53 percent. Because homes are selling quickly and seller activity continues to lag, the total number actively available for sale at any point in time continues to decline leading to scarce options and competitive conditions for home shoppers.

Time on market was 8 days faster than last year. Whether they are aiming to capitalize on low mortgage rates before they disappear or gain a competitive edge by submitting the first offer, today’s buyers are acting fast and homes are selling faster as a result. These fast moving conditions are likely a contributing factor to the time first-time home buyers take just planning to enter the housing market–over 40% of first-time homebuyers said they spent a year planning to buy a home.

03/18/2021

Home prices keep going up and we are regularly asked if we might be in a housing bubble (and thus more cautious about buying because of worries that home values might soon deflate). This piece explains why it’s not a bubble and it’s safe, even smart, to buy right now.

Now is the time to buy your dream home then list your current home.

Let us help you through this maze.

📱 Call or text 551-206-5726
📧 Email [email protected]

{:en}With low inventory plaguing most markets around the country, buyers aren't waiting until the spring to start looking. This is why your clients should sell. {:}

03/17/2021

Top o the Mornin To Y’all
Happy Saint Patrick’s Day!!!!!

03/13/2021

We are experiencing historically low inventory of homes on the market in the Triangle. Let us know if we can help you navigate buying or selling during this time! Building new has been a great option for some of our clients.

📱 Call or text 551-206-5726
📧 Email [email protected]

03/12/2021

It may not get any better than this for sellers (see Realtor.com's latest update below). If you’re considering a move, take advantage of the market and get the most out of selling your home by putting it on the market now. Then, avoid the crazy bidding wars of today by building your dream home.

Let us help you first find the BEST location, builder and home and then sell your home with the confidence of knowing your next move.

Call or TXT 551-206-5726.

Update on weekly housing trends from Realtor.com:

"The housing market bounced back after recent severe weather, but in what’s become a common theme the demand rebound is much faster and more complete than the supply recovery. This pattern exacerbates the already unbalanced conditions in the housing market further against buyers and in favor of sellers. To deal with limited existing homes available for sale, homebuyers are increasingly turning to new construction, helping to fuel continued increases in new home sales so far this year.

Weekly Housing Trends - Key Findings

Median listing prices grew at 14.0 percent over last year, notching the 29th consecutive week of double-digit price growth. The intractable gap between supply and demand persists, so further price gains are expected until either supply ramps up or demand eases. There are reasons to believe the intensity of this trend could lessen. First, vaccine roll-out is expected to ease seller anxiety which should improve the supply trends throughout the year. Additionally, although they remain low, mortgage rates have begun to increase and are expected to rise further later in the year, thus affordability will challenge buyer demand in the months ahead."