September 2024 Homeward Bound

September 2024 Homeward Bound Impactful Real Estate News September 2024Heidi Spielman, CEODream Homes Team Hard Work Builds Futures, Fairness, Communities and Countries We celebrate Labor Day with picnics, parties and parades. It’s a day to “not labor” and instead spend well-earned time with friends and family. We recognize this holiday as a reward for hard work, but, more than that, the deep roots of this day celebrate the hard work of generations before us. The first Labor Day parade took place in New York City 142 years ago with the first Monday of September declared a national holiday in 1894. The holiday grew out of violent conflict between workers and police during the 1886 Haymarket Riot when tens of thousands of Chicago laborers — bricklayers, jewelers, typographers, dress and cloak makers, and many other tradespeople — took unpaid leave to protest the grim working conditions of the time when employees, including children, were forced to work twelve or more hours a day, six days a week in crowded, poorly ventilated spaces. Their demand was for an eight-hour workday, which became their legacy to future generations. That first parade culminated in picnics, speeches, fireworks, and dancing — seeding hard-earned celebrations for over a century. To celebrate the month of September and in the spirit of Labor Day, I’d like to offer you something that will allow your efforts to create meaningful change for people you know — friends, family, people in your community. As you can likely relate to, deciding to make a move to a new home carries with it a lot of stress. Not only are there hundreds of big and little details to attend to, not to mention a bucketful of emotions, there are also serious financial matters at stake. Will you get what you want and need when your home sells? With our experience of working with over 6,000 families over the last 11 years, we’ve developed a special program to help homeowners make their move Fast, For Top Dollar and with the Least Hassle! For the month of September, share with those you know who are planning to make a move that when they list with us, their home is guaranteed to sell or we’ll buy it at a price acceptable to them. I know there’s some risk on my part to make such an incredible guarantee, but we are selling just about every home we list for the market value price - sometimes even more - so there is no reason for area homeowners or your friends and family to fret about selling right now. So, a little work on your part to share this important news with people you care about can save them a lot of hard work and stress. If you or anyone you know is considering making a move, I would like to offer them a FREE No Obligation to Move Consultation to discuss just how they can make their move, get what they want and do it with the least hassle. We are very happy we got to do business with you and I’m confident that your referrals will be very happy with you for steering them in the right direction to help them get their home sold! Another way we’re on a mission to help others is our tangible and meaningful support of young people who need it most. We are on a mission to raise $50,000 for Give Kids the World Village. Give Kids the World Village is an 89 -acre whimsical nonprofit resort near Orlando that provides critically ill children and their families from your community and around the world with magical week-long wish vacations at no cost.  From life’s simple pleasures to the stuff that dreams are made of, every wish family is treated to an all-inclusive experience including transportation, accommodations, donated theme park tickets, all meals and snacks, nightly entertainment, daily gifts and more. Since 1986, Give Kids the World has welcomed more than 188,00 families from all 50 states and 76 countries to laugh together, play together, and create priceless memories away from hospital stays and medicinal treatments. We are committed to donating a portion of our income from home sales to this very worthy cause.    YOUR REFERRALS HELP THE KIDS overcome sickness, pain and setbacks, and gives them the magical adventure of their dreams. Who do you know considering buying or selling a home you could refer to my real estate sales team? When you refer someone who is buying or selling a home to my team, everyone wins: those you refer benefit from award winning real estate service and Give Kids the World will receive a donation that will make wishes possible at an accessible storybook home-away-from home, where the ice cream is as limitless as the opportunities for fun and adventure. Just give me a call or pass my number on to anyone you know considering buying or selling. My number is 480-414-8902. REFER YOUR FRIENDS, NEIGHBORS, ASSOCIATES OR FAMILY MEMBERS CONSIDERING MAKING A MOVE: 1. You can visit our Social media accounts like Facebook, Instagram, Tiktok and YouTube channel to keep you updated on what's new. Just Search Heidi Spielman.2. You can also check our blogs for our Worthy Cause Inspiring Stories3. You can click here and enter their contact info online or forward the link to someone you know considering a move. 4. Of course you can always call me direct as well at 480-414-8902. Use Labor Day as inspiration to do a little work to help others in need and enjoy the rest of the summer and the days of autumn ahead! With all my appreciation. Heidi Spielman, CEO Heidi Spielman Dream Homes Team brokered by Your Home Sold Guaranteed Realty 408-414-8902 heidi@heididreamhomes.com  

What Mortgage Rate Are You Waiting For?

You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024, according to Freddie Mac (see graph below): And if you’re thinking about buying a home, that may leave you wondering: how much lower are they going to go? Here’s some information that can help you know what to expect. Expert Projections for Mortgage Rates Experts say the overall downward trend should continue as long as inflation and the economy keeps cooling. But as new reports come out on those key indicators, there’s going to be some volatility here and there. What you need to remember is it’s not wise to let those blips distract you from the larger trend. Rates are still down roughly a full percentage point from the recent peak compared to May. And the general consensus is that rates in the low 6s are possible in the months ahead, it just depends on what happens with the economy and what the Federal Reserve decides to do moving forward. Most experts are already starting to revise their 2024 mortgage rate forecasts to be more optimistic that lower rates are ahead. For example, Realtor.com says: “Mortgage rates have been revised slightly lower as signals from the economy suggest that it will be appropriate for the Fed to begin to cut its Federal Funds rate in 2024. Our yearly mortgage rate average forecast is down to 6.7%, and we revised our year-end forecast to 6.3% from 6.5%.” Know Your Number for Mortgage Rates So, what does this mean for you and your plans to move? If you’ve been holding out and waiting for rates to come down, know that it’s already happening. You just have to decide, based on the expert projections and your own budget, when you’ll be willing to jump back in. As Sam Khater, Chief Economist at Freddie Mac, says: “The decline in mortgage rates does increase prospective homebuyers’ purchasing power and should begin to pique their interest in making a move.” As a next step, ask yourself this: what number do I want to see rates hit before I’m ready to move? Maybe it’s 6.25%. Maybe it’s 6.0%. Or maybe it’s once they hit 5.99%. The exact percentage where you feel comfortable kicking off your search again is personal. Once you have that number in mind, you don’t need to follow rates yourself and wait for it to become a reality. Instead, connect with a local real estate professional. They’ll help you stay up to date on what’s happening and have a conversation about when to make your move. And once rates hit your target, they’ll be the first to let you know. Bottom Line If you’ve put your moving plans on hold because of higher mortgage rates, think about the number you want to see rates hit that would make you re-enter the market. Once you have that number in mind, let’s connect so you have someone on your side to let you know when we get there.