BROADCASTS.com

b'With Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL



Terry addresses November 2015\\u2019s rising home prices and all-time highs in select markets such as Dallas, Denver, San Francisco, and Portland, areas that have fully rebounded to pre-crash levels, causing tight inventory and affordability issues. She sees inventory of \\u201csaleable\\u201d properties (those which pass the 4-point inspection and are otherwise desirable) as the biggest issue right now. Buyers want to buy but don\\u2019t want to over-pay.

And she still sees appraisals lagging the market, where comparable homes are hard to find, making home values hard to peg down. But buyers can work around lower appraisal prices by negotiating with the buyer or putting up the difference as cash, because the lender will peg to the appraised price.

She also addresses new home sales, which were up 11% in December 2015 due to seasonally warm temperatures, especially in the northeast. She attributes this to steady job growth, low unemployment, and an uptick in wages\\u2014all of which are positives for the home market. People are also still eager to lock in low interest rates, which is spurring home sales. The strength of the U.S. dollar versus the Canadian dollar is also driving some sales by foreign owners who are keen to cash out and repatriate funds back to their home countries. However, Terry believes in holding on to homes for the long-run rather than trying to run a quick profit.'