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Christy Clark-Weber
Broker/owner License #: BK513200
Southern Heritage Realty Inc.

Steady U.S. economic growth will help lift home sales moderately in 2016, but persistent inventory shortages will continue to put upward pressure on prices, holding back first-time buyers. That’s a thumbnail of the year ahead for home sales, according to NAR Chief Economist Lawrence Yun.

Job gains will help offset short-term interest rate hikes by the Federal Reserve throughout the year. These upticks will likely lead to an increase in long-term mortgage rates. Yun is forecasting the average 30-year fixed-rate loan to increase to 4.5 percent by the end of the year, up from 3.8 percent in 2015. 

Yun is forecasting the U.S. economy to grow by 2.7 percent, a reasonable gain when compared with the struggling growth of other advanced economies. Job gains have been key to the recovery in the housing market over the past several years, and Yun sees continued strength in this area.

Look for 2.7 million new jobs, up from 2.4 million last year.

Higher interest rates, along with continued strong home price appreciation, which Yun expects to reach more than 5 percent for the year, will make affordability a stretch for many households, particularly first-time buyers. But there are signs lenders are easing up on the credit restrictions they’ve had in place since the downturn, which will contribute to offsetting higher costs.

Yun says housing starts remain key to bringing home price appreciation in line with household income growth. He anticipates new-home construction to hit 1.3 million units for 2016, up from 1.1 million in 2015.

The gains will be welcome news but won’t be enough to bring down prices in any significant way, Yun says. What’s needed is for starts to surpass 1.5 million.

Thrillist.com made local waves recently by naming Winter Garden one of the "coolest" suburbs in the U.S. 
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Hot On The Market!
Winter Garden, FL
$399,900
4 beds • 2 full baths • 2,684 sq ft
If you are looking for a great home on the North side of Winter Garden, then this is the home for you! Walking distance to Historic Plant Street shops & restaurants and 2 blocks to the shores of Newton Park on Lake Apopka. Built in 1950, the character of this home shows with the roofing angles, wrap around front porch w/ swing, and stately Oak Trees. The interior exudes the original hardwood floors, crown molding, built ins, and tongue & groove ceilings. Kitchen remodeled in 2011 and features under cabinet lighting, pull out shelving, soft close drawers, granite counter tops and conveniently designed toe kick storage. The Master Bedroom measures a robust 14x27 and has seclusion away from the open living/dining space.
 
All secondary bedrooms are above average sized and the 4th BR, currently being used as a kid playroom, has many options like a sunroom, library or den. The unique and bonus feature with this home is the 800 sqft block building that could be utilized as a workshop, with 220V, finished into a Man Cave or a income producing rental unit. You could also build a 2nd level of 800 sqft. The breeze way covered back patio gives you plenty of room for your outdoor BBQ's, and there is adequate space for the boat or RV to be parked and stored. Well kept and mature landscaping accent the 1/3 acre corner lot. No HOA fees! You don't find many homes in this area of Winter Garden with the charm and the possibilities that present itself. Call today for your appointment, you won't be disappointed!
 

Schedule a personal appointment to see this move-in ready property! 
  
FOR FULL DETAILS ON THIS PROPERTY, CALL OUR 24 HR INFO LINE AT: 1-800-488-4807 EXT: 5279

Family owned & operated celebrating over 20 years of Real Estate Experience Selling & Listing Homes in "Historic Winter Garden"  & the Central Florida area.

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Welcome to

Southern Heritage Realty,Inc.

Family owned and operated with over 20 years of Real Estate Experience
in "Historic Winter Garden" & the Orlando Central Florida area.


SELLING AND LISTING HOMES IN:
Orlando, Windermere, Winter Garden, Clermont, Gotha, Ocoee, Kissimmee, Altamonte Springs, Oviedo, Longwood, Winter Springs, Apopka, Lake Mary, Casselberry, Sanford, Oakland, and Mt. Dora


   Contact a real live Florida Realtor 7 days a week!
9am to 7pm call 407-877-6928
 
"Ask Christy about her Smooth Move Program"

 

 Christy Clark-Weber, Broker/Owner


Over 20 Years Experience
Native to the Central Florida Area
New Homes, Custom Homes, Estate & Lakefront 
Homes, Resales and Investment Properties
Utilize Multimedia Marketing for Maximum Results
Available 7 days a week 9am to 7pm EST

Southern Heritage Realty, Inc. 
34 East Plant Street 
Winter Garden, FL 34787

E-mail: 
soheritagerealty@cs.com

 


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Southern Heritage Realty Inc.
Southern Heritage Realty Inc.
(407) 877-6928

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