How will the 2016 Presidential Election affect the Housing Market?   This was posted on our Realty Executives International site but I found it very interesting. 

Questions about how the 2016 presidential election is going to affect the housing market have been top-of-mind over the last 12 months. And with real estate magnate Donald Trump being voted into office as America’s 45th president, experts are taking a closer look at his policies and campaign promises.

However, the answer to this question is different depending on your location, so we reached out to real estate professionals across the country:


Port Huron, Michigan

Frank Locricchio, Broker of Realty Executives Home Towne in the Detroit Metro area, doesn’t believe the election will drastically affect the housing market:

“I believe that a normal election can create some consumer uncertainty but usually does not dramatically affect home price increases or decreases, or mortgage rate changes. This year’s election has been the most divisive that I can remember. With so much uncertainty between the two presidential nominees, I think we have already seen consumer confidence drop. We will see the effects of this drop in November and December.

“But once we have our new president I expect this will level off, and I do not see any major change in growth of values in homes. We are still seeing the effects of low inventory driving prices up. I expect that will shift in spring 2017, when we will likely see the true market outlook of the results of the 2016 election.”

“Ultimately the president’s influence on the economy will not take effect for some time, for good or bad, but the bigger influencer will be the Federal Reserve Chair Janet Yellen’s view on the economy. The key will be how the Fed reacts with rates.”

Eureka, Missouri

Similarly, Chuck Maher, Broker/Owner of Realty Executives Premier, doesn’t expect a big upset:

“Our market is very strong currently, and interest rates are at record lows. I don’t feel that there will be an impact on the market in our area based on the election results.”

Valparaiso, Indiana

Broker/Owner of Realty Executives Premier Mike Tezak believes that uncertainty caused by the presidential race has more of an effect on the housing market than the actual outcome of the election:

“This election has created more anxiety about the country’s economic future because both parties have painted negative ‘doom and gloom’ scenarios should either party get elected. This has happened in past elections, but this year seems particularly negative, creating more uncertainty.”

“Generally, when this happens it creates a situation where people hold off on making larger financial decisions, choosing not to list their homes or purchase new homes. Usually after the election things settle down and get back to normal. The only difference this year is the interest rates are still at an all-time low and look to possibly adjust after the first of year when the new president takes office, which will affect buyers.”

Phoenix, Arizona

Jeff Murtaugh, President and CEO of Realty Executives Phoenix, Tucson, Yuma, Green Valley and Tubac, is concerned about legislation that directly affects the real estate industry on a national scale:

“The Dodd-Frank Act has changed the way we do real estate, and frankly made it far more complicated, extending closing by as much as two weeks, leaving the consumer very frustrated. This is just more government regulation that we did not need.”

“Clinton is for Dodd-Frank and Trump is not. The act complicates closing, title, and mortgages, and most REALTORS® find it over-reaching by the Federal government.”

During his campaign Trump voiced plans to overhaul the act, telling Reuters that his changes would be, “close to dismantling of Dodd-Frank.”

Canada

Across the border, an increased demand for Canadian homes due to an influx of Americans into Canada could prop up real estate prices. According to licensed REALTOR® and MoneySense Senior Editor Romana King, “More demand, may help support real estate prices, particularly in larger urban centres.”

Echoing this sentiment, economist Linda Nazareth said:

“A Trump victory will boost the Canadian housing market.”

Nazareth was speaking at The Economist’s Canada Summit in Toronto earlier this year.

Top 12 Tips for a Safer Holiday Home

Mon, 14 Nov by Susan Janzen, B.Ed. ABR

The Top 12 Tips For a Safer Holiday Home

Now’s the Time.

12,000 people or more are going to visit the emergency room this holiday season thanks to hidden dangers around the house. With the upcoming festivities at hand, now is the perfect time to survey your home and address potential safety hazards. Here are 12 tips to make sure you spend the holidays safe at home with family and friends… and out of in a cold and crowded ER.

The Top 12 Safety Tips

1. GOOD LIGHTING— Adequate lighting reduces the risk of tripping and falling both inside and outside your home. Critical areas that need to be illuminated are the stairs, outdoors, and foyers. The fix: Make sure adequate wattage is utilized and long-life bulbs and motion detectors are in place.

2. ELECTRICAL PROBLEMS?— Electrical issues, like a flickering light or a dead outlet, can be mild annoyances that actually signal serious dangers. If not addressed promptly, a faulty electrical system can result in house fires and shocks. The fix: Contact a professional right away. In your daily life, make sure electrical cords are not frayed and extension cords are securely connected. Unplug small appliances, space heaters, and power tools when not in use.

3. DO ROUTINE CLEANING— Not maintaining appliances leads to a greater chance of accidental home fires. The fix: Do simple tasks regularly like cleaning grease off your stovetop, emptying the lint trap on your dryer, and keeping your chimney clean and clear.

4. SMOKE & GAS DETECTORS— Every home needs functional warning devices that detect smoke and gases. The fix: When purchasing smoke alarms, make sure they also detect carbon monoxide, a deadly gas that is especially dangerous because it is colorless and odorless. Replace the batteries every six months.

5. SECURE YOUR HOME— Many homes now have the latest technological advancements but still rely on locks and hardware from decades ago to keep you safe from intruders. The fix: Do an audit of all entry points to your home—doors and windows and screens. If any do not have secure screens, locks, and deadbolts, have them installed.

6. WHEN YOU’RE AWAY— Being away makes your home vulnerable to intruders. The fix: Create the illusion that someone may still be there. Leave a TV or stereo on, have a neighbor pick up mail and the daily paper. Turn down phone ringers, keep blinds drawn, and don’t leave unsecured valuables in the home even if you think they are well-hidden and never hide keys around the home.

7. HOUSEHOLD REPAIRS— Even if you are an expert and know your way around electrical, plumbing, car or other household repairs, proceed with caution. A poor repair could be a recipe for disaster. The fix: Call a professional or ask us for a referral from our trusted sources.

8. VEHICLE CAUTION— Remember that there is danger even before you drive on the street. The fix: Be cautious and proceed slowly when driving vehicles in or out of your driveway. If your driveway does not have good visibility in both directions, walk down and look in both directions before you get in your car.

9. MAKE IT SAFE FOR VISITORS— If you are hosting friends and family, consider what additional safety challenges they may face. The fix: Put yourself in the shoes of a small child and look for low, hard edges, sharp objects, easy-to-open cabinets with chemicals and cleaning agents. Look for falling and tripping hazards that may fell seniors.

10. BRACE YOURSELF— Heavy objects are rarely braced in the home. Appliances, artwork, TVs, and aquariums present real hazards if they are knocked down by a person or a natural disaster. The fix: Strap and brace heavy objects and use security hardware for large artwork.

11. UNCOVER HIDDEN DANGERS— If your home was built before the late seventies, there’s likely lead paint on a wall layer or in the varnish on hardwood floors and potentially asbestos in “popcorn” ceiling textures. The fix: Hire a licensed contractor to test for possible contaminants and remove them safely, especially prior to a remodel.

12. MOTHER NATURE— Your homeowners insurance will cover you in many instances, but did you know that you may not be insured against natural disasters like earthquakes, floods, tornadoes, and hurricanes? The fix: Contact your insurance agent to make sure you have adequate replacement coverage as home values escalate and coverage amounts can stay static.

If you would like our advice on how to make your home safer and need a list of trusted sources for home repairs, please contact us today. It’s our business to ensure that your home is safe and secure for your family.

Rates as of August 29, 2012

Wed, 05 Sep by Susan Janzen, B.Ed. ABR

Here are the rates as of August 29, 2012.  These are still really great rates as far as mortgages go and you ever know when they are going to go up!  3.09% over 5 years is an outstanding rate!  If you have any questions please don’t hesitate to contact me!

New Rate sheets for the week of June 25, 2012

Fri, 29 Jun by Susan Janzen, B.Ed. ABR

Informed Home Buyers and Sellers

Fri, 29 Jun by Susan Janzen, B.Ed. ABR

Do You Know the Basics of Home Security?

Thu, 31 May by Susan Janzen, B.Ed. ABR

Do You Know the Basics of Home Security?
Most people feel confident about the basics of home security. For example:
Keep all doors locked. Have a light on in the house while away. Never hide
a key outside in an obvious place, like under the mat.

• Yet, almost a million and a half properties get burglarized in
North America each year. So how can you prevent that from
happening to your home? Here are a few less known home
security basics:

• Actually, never hide a key outside. Thieves know all the hiding
places. Instead, make sure all family members have a key.

• Two-thirds of home burglaries occur during the day. So be
extra vigilant about making sure doors and windows are
locked while you’re away during the day.

• Surprisingly, most thieves are not daring. They are 2.7 times
more likely to target a home without an alarm system.

• Thieves will attempt to force entry through sliding-style doors
and windows first. So make sure these have a locking bar or
extra bolt lock.

• Surprising, 40% of household burglaries do not involve forced
entry. The thief is able to slip in through an unlocked window
or door.

• Don’t show off possessions! An imported racing bike parked
next to the garage, or expensive audio equipment clearly seen
through a window, is an invitation to burglars.

• Take a look at the lighting and landscaping around your
property. Are there spots where a thief could easily hide? If so,
make some changes.

• When planning a trip, have a trusted neighbor pick up
newspapers, flyers and anything else that may accumulate at
your door.

Your local police department may have more tips and special programs for
keeping your home secure. Give them a call.

Mortgage Rates for the week of May 30th 2012

Thu, 31 May by Susan Janzen, B.Ed. ABR

Rates are steady and strong right now. Check out my blog weekly for any changes to the rates, I also have the rate ticker on the front page of my website at www.susanjanzen.com    

How to decide if you should replace your windows

Fri, 04 May by Susan Janzen, B.Ed. ABR

One of the most prominent features of any home is the windows. When they
are well maintained they have a positive impact on the impression people
(such as potential buyers) will have of your property. The opposite occurs,
of course, when your windows look old and worn.
So does that mean you should replace your windows?
That depends on a number of factors. Window replacement can be an
expensive renovation. Here are a few things to consider before making your
decision.
• Do your windows get frost or condensation build-up on the interior
side? This could be a sign that the windows are not keeping out the
cold as well as they should.
• Do you see water infiltration or mildew on the interior sides of any of
the window sills? This means that moisture is creeping in from the
outside, and you need to get those windows repaired or replaced as
soon as possible.
• If your windows are double-paned – (two panes of glass) – check for
any signs of moisture in between the glass panes. Moisture indicates
that the thermal seal is broken and at a minimum, the glass will need
to be replaced.
• Take a look at your windows from the outside. Is the trim rotted or
cracked anywhere? Are there dark spots or any signs of rotting on
the wood frames? Repairs or replacement may be required.
• Check the operation of your windows. Do they open and close
easily? This is important because some windows, such as those in
bedrooms, are often designed to be big enough to use as an exit in
case of a fire.
• Finally, are you happy with how your windows look? Do you feel that
your property will look significantly better with new windows?
Although they are expensive, replacing windows has a lot of advantages.
Depending on the efficiency of your current windows, replacing them could
cut your energy costs by 10-20%. In addition, new windows block out more
exterior noise, making your home quieter.
Want more tips on increasing the value, and enjoyment, of your property?
Call today.

 

Interest Rates for the Week of May 1, 2012

Tue, 01 May by Susan Janzen, B.Ed. ABR

Hi Everyone

I just wanted to update all of my clients on the newest interest rates.  It is still a great time to purchase or refinance your home and the market in Edmonton is really picking up!  Call me if you want more information.

 

To use a Full Service Realtor or not…..

Fri, 27 Apr by Susan Janzen, B.Ed. ABR

I found this very interesting Blog post from Don Campbell of the REIN Group and I wanted to share.  There are all kinds of strategies for selling your home and now more than ever people will question if they need a Realtor or not, this is some food for thought.

 To read this article in full click Here

So you’ve decided to sell your home or investment property and you’re looking at different options and their related expenses for your exit strategy. With closing costs, marketing the property and everything in between, the additional cost of hiring a professional realtor seems like an unnecessary expense. And of course you’ve likely had this questions run through your mind: “How much is a realtor going to take out of my pocket?”

This is one of the biggest mistakes people make when deciding to sell their property and often is a decision that COSTS money rather than saves it. If you have the right realtor on your side, the chance to attract buyers willing to pay more for your property is much higher than if you chose to sell/list the property yourself. You might be paying a commission to your realtor in the end, but what if that saves you an extra $10,000 overall? Seems like something for serious consideration.

I know having a full time, full service Realtor is a great benefit when selling a home!

 

Mortgage Rates for the Week of April 16th

Fri, 20 Apr by Susan Janzen, B.Ed. ABR

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.