Lynda Murphy - Dale Sorensen Real Estate, Inc.

09/23/2022

If it could get even better...& it does xoxo

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10/28/2021

In this article:

THE MEDIAN U.S. HOME PRICE JUST PASSED $400,000 FOR THE FIRST TIME EVER!

The median U.S. home price just passed $400,000 for the first time ever, according to data from the St. Louis Federal Reserve.
In the third quarter the median home price hit $404,700, jumping nearly 20% since third quarter of 2020, when the median sales price was $358,700.
Though it’s an eye-catching number, the market has been hot of late, and a lack of inventory and high demand means foretold the rise in home prices.
According to a recent note from Goldman Sachs, home prices could rise another 16% by the end of next year. Goldman economist Jan Hatzius pointed out that of all the pandemic shortages, the housing shortage might last the longest and that a crash is very unlikely.
(FRED)
(FRED)
Home prices driven up by a housing shortage
The pandemic has seen low mortgage rates, a flight of people from urban areas to the suburbs, as well as younger workers buying their first houses.
According to the latest forecast by Fannie Mae, median home prices are expected to rise another 7.9% between Q4 2021 and Q4 2022.
A recent note from Morgan Stanley showed that the country needs as many as 1.5 million homes to get back to normal and that the pace of real estate availability is three years behind.
Stay ahead of the market
"The housing shortage has contributed meaningfully to the record pace of home price appreciation we are currently experiencing," Morgan Stanley strategists wrote in August. "While the magnitude of the shortage described above means it is unlikely that we will find ourselves with an excess of supply at any point in the near future, the pace at which supply is contracting has slowed."
Other things are making the housing market harder to predict. Morgan Stanley pointed out that an increasing number of older Americans are choosing to age at home just as millennials are looking for houses. Those demographic developments are happening while the pandemic has led to building material shortages and supply chain bottlenecks.
While nothing appears poised to change meaningfully for the market to cool off — yet — Goldman Sachs’s note said potential zoning changes in certain pinched areas might allow more multi-family units to emerge to provide more supply. But, of course, those changes take time.
As Upwork economist Adam Ozimek noted on Twitter of the new normal: "$400k homes, $40k cars, smh."

08/07/2021

~ Property Prices and Rents Will Continue to Rise
High demand and low interest rates will lead to increased property prices and rents for the foreseeable future. Freddie Mac predicts that home prices across the country will rise by 6.6% in 2021 and 4.4% in 2022. Even as the market begins to adjust to post-pandemic life, interest rates will remain affordable, and more Millennials will begin to enter the market -- contributing to a steady increase in prices across the board.

08/07/2021

~ Multifamily Real Estate Will Be Extremely Lucrative
While the single-family market has seen a lot of growth over the past year, multifamily investment properties will be highly lucrative as we move forward. Renters will become more financially stable as we move away from the pandemic economy and will look to rent something on their own. Vacancy levels will remain low and a 6% increase in net effective rents is predicted for the next year -- making it a great time to invest in multifamily real estate.

07/19/2021

Existing Housing Sales in May
(Data By N.A.R.)

Northeast - Existing-home sales decreased 1.4% in May, but the annual rate of 720,000 is a 46.9% jump from a year ago.
The median price in the Northeast was $384,300, up 17.1% from May 2020.

Midwest - Existing home sales in rose 1.6% to an annual rate of 1,310,000 in May, a 27.2% increase from a year ago.
The median price in the Midwest was $268,500, an 18.1% increase from May 2020.

South - Existing-home sales declined 0.4%, posting an annual rate of 2,590,000 in May, up 47.2% from the same time one year ago.
The median price in the South was $299,400, a 22.6% jump from one year ago.

West - Existing home sales fell 4.1%, recording an annual rate of 1,180,000 in May, a 61.6% climb from a year ago.
The median price in the West was $505,600, up 24.3% from May 2020.

07/01/2021

03/17/2021

Happy St. Patty's Day everyone!

03/08/2021

TODAY IS "INTERNATIONAL WOMEN'S DAY"......March 8th: is globally celebrated to GIVE thanks to all the great WOMEN/GIRLS out there for ALL of our achievements; social, economic, cultural & political advancements we have made thus far and WILL continue to make...

03/08/2021

Lynda Murphy - Realtor - Successfully Matching People to Properties Since 1987 ~

DALE SORENSE REAL ESTATE, INC. – Consistent Award Winning Realtor & Multi-Million Dollar Producer –
AVAILABLE 24/7
1013 US Hwy 1, Sebastian, FL 32958
Email: [email protected] - Cell: 772-913-0725

Hi Neighbor! Below are some of the beautiful homes located in Collier Club that I have been affiliated with:
~ 669 Brush Foot Dr. - Listed & Sold by Lynda Murphy - Under Agreement in 1 Day! - SOLD!
~ 644 Brush Foot Dr. - Sold by Lynda Murphy - Under Agreement in 3 Days! - SOLD!
~ 635 Brush Foot Dr. - Sold by Lynda Murphy - Under Agreement in 5 Days! - SOLD!
~ 693 Gossamer Wing Way - Listed by Lynda Murphy - Under Agreement in 5 Days! - SOLD!
~ 596 Metalmark Way - Listed by Lynda Murphy - Under Agreement in 9 Days! - SOLD!
~ 678 Gossamer Wing Way - Listed by Lynda Murphy - Under Agreement in 66 Days! - SOLD!
~ 592 Metalmark Way - Listed by Lynda Murphy - Under Agreement in 69 Days! - SOLD!
~ 664 Brush Foot Dr. - Listed & Sold by Lynda Murphy - Under Agreement in 101 Days! - SOLD!
~ 699 Collier Lake Cir. - Listed by Lynda Murphy - Under Agreement in 166 Days! - SOLD!
~ 662 Brush Foot Dr. - Listed by Lynda Murphy -Under Agreement -140 Days! - SOLD!
~ 603 Mallow Scrub Way - Listed by Lynda Murphy - Under Agreement in 84 Days! - SOLD!
~ 684 Brush Foot Dr. - Listed by Lynda Murphy - Under Agreement - 27 Days! - SOLD!
~ 639 Gossamer Wing Way - New Construction! SOLD by Lynda Murphy!
~ 602 Leaf Wing Way - New Construction! SOLD by Lynda Murphy!
~ 614 Gossamer Wing Way - New Construction – SOLD by Lynda Murphy!
~ 605 Mallow Scrub Way - Listed by Lynda Murphy - SOLD AGAIN! ...for the 3rd time!
~663 Gossamer Wing Way - Listed by Lynda Murphy - SOLD!
~585 Birch Ct., - Listed by Lynda Murphy - SOLD!
~ 591 Redwood Ct., Listed by Lynda Murphy - Under Agreement in 15 Days! - SOLD!
~ 705 Brush Foot Dr. - Listed by Lynda Murphy - Under Agreement...SAME DAY! SOLD!
~ 671 Brush Foot Dr. - Listed by Lynda Murphy - Under Agreement in 30 Days! - SOLD!
~ 660 Brush Foot Dr. - Under agreement in 9 Days - by Lynda Murphy – SOLD!
~ 599 Redwood Ct – Under agreement in 1 DAY! – LISTED & SOLD by Lynda Murphy
~ 648 Brush Foot Dr. – LISTED and under contract the same day! - By Lynda Murphy
~ 615 Mallow Scrub Way – SOLD by Lynda Murphy
~ 685 Brush Foot Dr. – LISTED by Lynda Murphy – SOLD!
~ 610 Monarch Way – LISTED by Lynda Murphy - UNDER AGREEMENT IN 12 DAYS! – SOLD!
~ 798 Gossamer Wing Way –LISTED by Lynda Murphy – SOLD!
~ 641 Brush Foot Dr. – LISTED & SOLD by Lynda Murphy – SOLD!
~ 694 Gossamer Wing Way – LISTED by Lynda Murphy - UNDER AGREEMENT IN 3 DAYS! - SOLD!
~ 614 Cottonwood Dr. – SOLD by Lynda Murphy
~ 794 Gossamer Wing Way – LISTED by Lynda Murphy - CLOSED!
~ 688 Brush Foot Dr. – Listed by Lynda Murphy – CLOSED!
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~ DALE SORENSEN REAL ESTATE has a Global Reach with offices worldwide attracting buyers from all over the world to ensure that your property will gain the most exposure ~

~ I will offer you a "Complimentary" Market Analysis of your home to provide you with an “Accurate Listing Price”.

~ I offer Local & Regional Marketing - Your home will never miss out on the opportunity of a viewing!

~ Quality Photos and Professional Virtual Tour Pkg. along with Superior Aerial Drone Shots!

If you are looking for a fresh approach to getting your home sold, please give me a call today as there is a great advantage in allowing you to review my marketing plan; I specialize in assisting sellers position their home to generate showings and most importantly close the deal so they are provided with the MOST NET PROCEEDS!
You deserve to have an offer on your home. I offer my clients unmatched personal service and constant communication. Experience Results! List your most prized possession with a Realtor that has a "Proven Track Record" in Collier Club!