Karen Selby, CRB


My Blog

Weekly Update


Mortgage news bullet points:


  • Americans' confidence in the housing market reached an all-time high in April's Fannie Mae Home Purchase Sentiment Index. The share of Americans who say now is a good time to sell also hit a record high, so more listings should come to market.
  • Rates have moved little, which Freddie Mac's chief economist put to "a tight labor market, solid economic growth and restrained inflation." He added, "the demand for purchase credit remains rock solid, which should set us up for another robust summer home sales season."
  • Even as rates increase, First American's chief economist observes, we are still "well below the historical average of about 8% for a 30-year, fixed-rate mortgage--and house-buying power remains strong."
  • Last week's lower than expected CPI inflation calmed fears the Fed would get too aggressive about rate hikes come their June 13th
  • Corporate earnings rose an average of nearly 25% in Q1, funding bonuses and wage gains for employees. Small wonder May's preliminary Michigan Consumer Sentiment matched April's level, remaining at a 14-year high.


Information provided by:

Morgan Gall
Sr. Loan Officer, NMLS #1475440
Cell: 727.644.7284
Fax: 813.402.0539


Business tip of the week:


  • Being a good listener is key to your success. Listening shows you care, makes it possible to understand what the client’s true needs/wants are and then helps you frame how you can provide a solution. Sometimes, clients simply need to convince themselves. In those cases, you just need to listen and validate what they're saying.


Quote of the week:


  • "Nothing is impossible, the word itself says I’m possible!” Audrey Hepburn

March Real Estate Agent Workshops






BHHS Florida Properties Group BUYSIDE


Karen Selby, CRB/Instructor


“Hands On” Workshops - (bring your laptops!)


Click on the links for class description and to register.  


Buyside + Property Search Training

2539 Countryside Blvd | Clearwater, FL 33761

Tuesday, March 13, 2018 from 10:00 AM to 12:00 PM (EDT)




Buyside + Property Search Training

2539 Countryside Blvd | Clearwater, FL 33761

Tuesday, March 13, 2018 from 1:30 PM to 3:30 PM (EDT)




Buyside + Property Search Training

404 N Indian Rocks Blvd | Belleair FL

Wednesday, March 14, 2018 from 2:00 PM to 4:00 PM (EDT)




ZipForms PLUS: Online Sales and Listings Contract Packages

South Tampa office | 4950 W Kennedy Blvd #301 | Tampa FL

Thursday, March 15, 2018 from 9:30 AM to 12:00 PM (EDT)




Open Luxury Training

4950 W Kennedy Blvd | Suite 301 | Tampa, FL 33609

Thursday, March 15, 2018 from 1:30 PM to 4:00 PM (EDT)




Buyside + Property Search Training

3126 Little Road | Trinity, FL 34655

Tuesday, March 27, 2018 from 10:00 AM to 12:00 PM (EDT)




Buyside + Property Search Training

3126 Little Road | Trinity, FL 34655

Tuesday, March 27, 2018 from 1:30 PM to 3:30 PM (EDT)




Cabernet Corner CRM - Clients, Property Search, & Market Watch Reportsonly 2 seats available!

South Tampa/Westshore office | 4950 W. Kennedy Blvd | Suite 300 | Tampa FL

Wednesday, March 28, 2018 from 9:30 AM to 12:00 PM (EDT)




Cabernet Corner Marketing - Email, letter library, flyers, Auto Drip Campaignsonly 2 seats available!

South Tampa/Westshore | 4950 W Kennedy Blvd | Suite 300 | Tampa FL

Wednesday, March 28, 2018 from 1:30 PM to 4:00 PM (EDT)


Housing News and Trends


Whether you're interested in buying or selling a home this year, there's reason to be optimistic. See how a healthy real estate market and positive consumer sentiments are contributing to a buoyant housing sector.

Real Estate Trends
The U.S. housing market continues its recovery as home prices gradually increase, interest rates remain low and millennials represent the largest group of homebuyers for the fourth year in a row. There's been a slight increase in historically low interest rates, but that's an indication of an improving economy. Single women homebuyers exceed single men buyers in the U.S. by more than double, accounting for 17 percent of homebuyers (compared to single men at 7 percent). U.S. home values are expected to keep inching up while the inventory of available homes continues to decline.

According to the Canadian Real Estate Association (CREA), there is considerable divergence among regions. Tighter federal regulations have reduced affordability and access to financing for potential homebuyers, sales are down and prices are trending soft. National sales activity is forecast to decrease 1.5 percent in 2017 and 0.8 percent in 2018.

Consumer Sentiments
The 2017 Q1 Housing Opportunities and Market Experience report published by the National Association of Realtors (NAR) shows favorable sentiments among American consumers. Seventy-two percent of those surveyed thought it was a good time to buy, and 69 percent felt it was a good time to sell. More than half said they believed home prices in their community had increased over the previous 12 months. And renters and suburban homeowners, in particular, felt that prices would continue to rise in the second half of the year.

In another NAR report, the Aspiring Home Buyer Profile, nine in 10 nonhomeowners in the U.S. expressed a desire to own a home. Fortunately, if the market trends and consumer perceptions are any indications, 2017 could very well be the year many renters realize their dream of homeownership.

January 2017 housing statistics


Pinellas County housing is strong!  Click here to view January 2017 Pinellas County Statistics from the Pinellas Realtor Organization.

Upcoming technology workshops


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