Sunday, January 27, 2019

February Steve & Jack's Home News

Can it be February already? It seems like the holidays were just here. With kids back in school and things back to 'normal' (except for weather cancellations and delays), we hope you have gotten back into a routine.

We are predicted to have near record-low temperatures this coming week. If you haven't done so this year, please do yourself a favor and have your furnace/heat pump tuned up. Catching issues before these critical components go down is imperative in these frigid temps. Experts recommend having your HVAC serviced every spring and fall to ensure proper functioning and longevity, however there is never a guarantee on how long your heating system will last. Unfortunately, ours died on Friday and we had to get a new furnace-ugh!!! Fortunately, our HVAC company was able to get a new furnace installed the next day (yesterday) and it works better than ever! We chose to stay in our house without heat on Friday evening and, boy was it cold! Getting down to 50-degrees doesn't sound very cold, but it is an entirely different story staying in that temp for 36-hours. We certainly hope our cold experience doesn't happen to you!! If you need a couple names of good HVAC companies, please let us know. We are happy to share some!

Thank you to Butler University for inviting us back to talk about the real estate market for 2019 as well as have INHP join us as a guest speaker to discuss Butler's powerful anchor housing program. If you or someone you know works at Butler and you would like more information on this unique program, give us a call. You need to know about how this can benefit you or someone you care about. If you own or work for a company that would like for us to come in and cater lunch and talk about the real estate market, give a specific presentation, and/or just answer questions in this confusing and ever-changing real estate market, please give us a call. We would be happy to tailor a presentation to your unique wants/needs!

Thank you to everyone who voted for us and gave us great reviews as we earned another year as a 5-Star Real Estate Professional as well as Angie's List Super Service Award! Fewer than 5% of real estate agents earn this prestigious awards and we are so grateful to all of our friends and clients for voting for us!!! Thank you!!!

Don't forget about our February Happy Hour on Wednesday, February 20th from 5-6:30PM at Matt The Miller's. We would love to see you there and enjoy a couple of drinks and appetizers on us. Come join us!!

Our real estate market has been hotter than usual this winter, however we are seeing signs of growth slowing down a bit. While no one can predict what tomorrow brings, let along the rest of the year, we expect to see another robust housing market for 2019. Unemployment continues to shrink, which is great and wages continue to grow, but at a slower pace than housing market appreciation, which is causing continued concern for the real estate market. The Fed has indicated it will likely halve its rate hikes in 2019 compared to 2018, which is a good sign. Our inventory continues to shrink, but we expect that to improve in 2019 a bit. Check out the latest stats courtesy of MIBOR comparing December 2018 to December 2019:

New listings-DOWN 0.9% to 1,902 units
Pending sales-UP 2.3% to 2,059 units
Closed sales-DOWN 6.6% to 2,589 units
Median sales price-UP 6.7% to $176,000
Average sales price-UP 7.5% to $218,304
Percent of original list price received at sale- DOWN 0.5% to 94.4%
Total active listings available at month end-DOWN 4.0% to 7,016 units
Months supply of inventory-DOWN 4.2% to 2.3 months
Stay safe and warm and, as always please feel comfortable calling us when we can help you or someone you care about with real estate needs.

Click here to read our February newsletter

Click here to watch a 1-minute video on the real estate market update

Click here to access coupons & discounts at places your shop every day

Click here to download the most powerful real estate app available

Click here to read what other people are saying about our service

Click here to read about our Senior Advantage Real Estate Program

Your Friends in Real Estate,

Steve, Jack, Kylie, & Julia

P.S. Please don't keep us a secret...

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