Marcell Kiss - KW Realty

Name: Marcell Kiss - KW Realty
Address: 8210 Lakewood Ranch Boulevard, Sarasota, FL, 34202, US
Telephone: +16178165559
Price range: Not applicable

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United States
Sarasota, FL
Marcell Kiss - KW Realty

Realtor at Keller Williams Realty Select

I'm the person for all your Real Estate needs

03/23/2023

Possible Next Housing Problem? Cash-Out Refis

If lots of inflation-hit owners refinance to take cash out, their temporary financial fix may lead to a foreclosure if the funds run out or their home value falls.
Currently, non-bank lenders are making cash-out refinance mortgage loans guaranteed by the Federal Housing Administration (FHA) and Veterans Administration (VA) to cash-strapped homeowners – particularly low-wealth and veteran borrowers and those in communities of color. It gives low-income families a quick influx of cash but also leaves them with a mortgage that’s more expensive than the one they had before the refi.

03/10/2023

* New Listings decreased by 4% month over month and have declined by 8% year over year, while Active Listings inventory increased by 101%, more than double from last year.
* The number of units sold increased from the previous month and has declined by 20% year over year. Inventory increased for the same time frame.
* Total Sales Volume increased by 30% month over month and declined by 16% year over year.
* Average Days on Market has increased 11% month over month. Not only has inventory doubled since last year, but the number of days they remain on the market is more than twice as long as a year ago.
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02/23/2023

U.S. Owners Lost Equity – But Not Many in Fla.
Americans lost an average 4.9% of their home equity since June ($2.3T). But many Fla. metros bucked the loss trend, with Miami up 19.7% year over year ($77B).

1. Miami: Up 19.7%
2. North Port-Sarasota, Fla.: Up 17.8%
3. Knoxville, Tenn.: Up 17.7%
4. Charleston, S.C.: Up 17.4%
5. Lakeland, Fla.: Up 16.9%

Of the top 10 equity-higher metro areas, Florida held six of the top 10 spots for largest annual home-value gains in percentage terms, even though Hurricane Ian caused billions of dollars in damage and displaced thousands of Floridians in fall 2022.

02/17/2023

Mortgage Rates Up to 6.32%, Highest in 5 Weeks

Last week the 30-year, fixed-rate mortgage averaged 6.12%. The Fed says some inflation measures eased, but it expects two 0.25-point rate increases this year.

New Housing Starts Dropped 4.5% in Jan.

Builders are more optimistic about the 2023 market, but that optimism isn’t reflected in the number of Jan. housing starts. Building permits increased a bit, though.

02/15/2023

For the Stellar MLS Florida coverage area, notable statistics state that:
* New Listings increased by 40% month over month and 2% year over year, while Active Listings inventory increased by 112%, more than double from last year.
* The number of units sold decreased from the previous month and has declined substantially year over year. Inventory increased for the same time frame.
* Total Sales Volume decreased by 23% month over month and declined by 29% year over year.
* Average Days on Market has increased 10% month over month and doubled from last year.

02/14/2023

Marry The House Date The Rate!!!

Pay yourself, not your proprietor.

Buying a new house is scary, especially in today's market but wasting most of your hard earned money on rent is even scarier. Economic conditions are very poor at this time so having security is a bit of a release. Paying 100% of your housing to your landlord is not so secure. So why not pay yourself?

When you buy you're essentially paying yourself. Even though interest rates are high you're only paying 25% of your housing cost for your interest and 75% for yourself (depending on terms). You can even borrow against the equity that you have accumulated which gives you security. You are not locked to your interest you can always refinance for a lower rate. Sometimes you can even go under a sub-to contract and acquire the existing loan to pay that mortgage down.

02/13/2023

January Rents Rose 2.4% – Smallest in 20 Months

In Florida, though, rents outpaced the national average. Jacksonville saw the highest year-to-year change with a 7.5% increase, and a low of 3.5% in Miami and Tampa.

Recap of Decembers Market Analysis

01/24/2023

Florida Top State for 2022 Home Value Increases

The analysis finds Florida home prices rose 17.27% last year, the most in the U.S., with Vermont second at 15.15%. But in last-place Idaho, values sank 0.18%.

TAMPA, Fla. – Florida home values rose more in 2022 than in any other state, according to data analyzed by real estate company, Zillow.

The average value of a Florida home, per the most recent publicly available data measured in December 2022, was just under $405,000 – That’s up more than $56,000 from $345,305 in January 2022.

The 17.27% change in value outpaced every other state in the nation.

Vermont was the runner-up, with home values rising an estimated 15.15% in the 12-month timeframe. The average value of a home there was estimated to be $386,000.

The state with the highest value homes was recorded in Hawaii, where the average value was $902,175 in December 2022 – up 9.63% from $822,924 in January 2022.

On the opposite end of the spectrum was Idaho, where home values actually fell 0.18%, or by $825, since January 2022. The average home value was $459,947 in December.

01/23/2023

New construction on Casey Key
Gorgeous 5Bd/3Ba, 5012 sqft
This luxury home will sell quickly due to its high-value design and luxurious features.
If interested do not hesitate to contact me with any questions on behalf of this property.

01/10/2023

Florida coverage area, notable statistics state that:

New Listings declined by 16% month over month and 17% year over year, while Active Listings inventory has doubled from last year, an increase of 99% from the same month a year ago.

The number of units sold increased from the previous month but declined year over year. Inventory increased for the same time frame.

Total Sales Volume: increased by 14% month over month and by 31% year over year.

Average Days on Market: this has increased month over month and by 95% from the same month last year.

01/09/2023

Clients of mine are in search of their dream home.

They are looking in the Venice, Nokomis, Osprey, and South Sarasota area.

With a price point of $550,000

Specs:
Built after 2010
4Bds/+2Ba
+1600sqft
2 car garage
Pool
Screened lanai
Fenced Back Yard

We are here to help you or anyone you know who is looking to sell their home. We are interested in hearing from you if you know of a property that meets their dream home criteria.

Address

8210 Lakewood Ranch Boulevard
Sarasota, FL
34202

Telephone

+16178165559

Website

https://marcellkiss.kw.com/

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