Education is the key to surviving a Shift.

Real Estate
In today's series brought to you by  The Florida Tolbert Team at Keller Williams Realty of Lake Nona "Faith or fear: You choose," the question we continue to ask is, "are we heading for another "Shift"" in the Real Estate market, and the attached article again shows more signs and more evidence that this is becoming reality in some of America's hottest real estate markets.
 
This new story and the sources behind it are from some of the leading economic minds of the past years in real estate and they predicted the housing bubble using the same indicators that we are now starting to see once again pointing towards a peek in the selling price, a peek in the buyers looking, and a peek in affordability, which is when we experience a "Shift"
 
When you couple these factors all together, you start seeing a peek in sales and an increase in the inventory time on market. This is what we call a "Shift" in the market when the inventory of houses for sale start staying on the market longer than six months we are now in a "Shift" from sellers being in control of the market to now buyers being in control of the market. Not all markets are not the same, yet these are indicators in one market which happens to be the strongest market in the country currently and as we learned in the last housing bubble, it’s a trickle down effect, and it spreads across all the other markets as Consumer confidence begins to wane. And it is during these types of market "Shift" that you have to decide which realtor is very versed in understanding the data and getting their sellers the data in order to empower then so they can make informed decisions and still get the most money out of their property.  When you are looking for that experience, education, and professional understanding, you have one call to make and that is to The Florida Tolbert Team at Keller Williams Realty of Lake Nona.
 
One other factor on a local bubble that you may want to take a look at it is expired listings on the market. You see houses expire on the market when realtors don’t have this kind of knowledge to educate their sellers in order to price the house  correctly and cause it to sell. They are still counting on the market and the buyers to set the price for them rather than having the knowledge and professional understanding to set it with the seller to cause it to sell. It is during the "Shift" in the markets that cause usually over 60 to 70% of realtors get out of the business because they just don’t understand how to sell houses in a "Shift" in market.  When you’re interviewing your real estate professional that’s going to sell your property, asked a simple question.  "how long have you been in this real estate business?" A great sign of an agent that understands the market is one who’s been in it greater than 15 years and has been through the worst real estate meltdown in history and not only survived, but if they work for Keller Williams Realty, they thrived working with an amazing company that grew over 48%  during the meltdown, while they helped many many house sellers to sell their houses during the worst economic meltdown in history. Our personal team shifted their mindset to studying and learning and mastering short sales so they could help homeowners who couldn’t sell their houses for the price that they paid for them and to at least get out of their houses with some dignity left, some credit rating left, some money in their pocket to move out,  And not with a foreclosure on the record. 
 
It was during this time that this journalist and listing specialist Kevin B Tolbert PA of  The Florida Tolbert Team at Keller Williams Realty of Lake Nona  was able to help Over 500 families from 2009 to To 2012 to sell their distressed houses while during the same time many real estate agents were going out of business because they could not figure out what to do to help Sellers in these bad times. And this is why you need a real estate professional who studies the Market Daily who follows the predictions of great minds like Gary Keller, And who correctly advises his sellers to not chase the market down with their house price and to price your house correctly so that it sells even in a downward turn And still get the most money out of it while they still can. 
 
EXPIRED LISTINGS:
Data collected from Mid Florida Realtors Multiple Listing Service
2018 Year to date for Orange, Seminole, Polk, and Osceola Counties  1656  Same time 2017:  1735 or a 4.5% decrease
 
You can Google Kevin B Tolbert PA short sales even today and you can find many many articles and accolades Where Kevin B Tolbert PA of  The Florida Tolbert Team at Keller Williams Realty of Lake Nona personally helped sellers out of their situations and we don’t want to see more sellers in the situations so that’s why we are getting these articles out now getting the stories out now and getting this economic news out now so that you the sellers can make informed decisions and stop holding on to your houses in hopes that the prices will continue to rise when many leading economic indicators are stating that we are about to see it Change once again. And one last in the data we’re going to share with you today in the local Orlando market Central Florida market is expired reports. The expired reports show how many houses are sitting on the market through their full listing agent term and then expiring without a sale. 
 
This is another indicator of the listing specialist you chose not understanding the market or having the understanding to share it with their seller to make them they informed consumer and set the price correctly to sell the house.
 
We at  The Florida Tolbert Team at Keller Williams Realty of Lake Nona stay on top of this data daily, And we share it with our consumers and sellers to make them informed in the ways of the real estate market and empower them to make the right decision in the pricing of their house or real estate.
 
We take this part of our business very seriously and we do not take overpriced listings for this very reason. We don’t want to be that statistic of an expired listing sitting on the market and you, the seller six months from now have a house that’s value has decreased because once the market starts it's "Shift" , It takes the most experienced real estate professional with a complete understanding of the data to make sure your house sells for the most money in every economy and that’s the number one reason you need to call The Florida Tolbert Team at Keller Williams Realty of Lake Nona.
 
If you need to SELL a HOUSE before you can PURCHASE A HOME, then CLICK HERE to find out "WHAT's MY HOME WORTH?" 
 

Handful of signs suggest seller’s market may have peaked

NEW YORK – Aug. 3, 2018 – They were fed up with Seattle's home bidding wars. They were only in their late 20s but had already lost two battles and were ready to renew with their landlord. Then, in May, their agent called.

Suddenly, Redfin's Shoshana Godwin told the couple, sellers were getting jumpy, even here in the hottest of markets. Homes that should have vanished in days were sitting on the market for weeks. There was a three-bedroom fixer-upper just north of the city going for $550,000, down from more than $600,000. They made the leap in early June and had closed by the end of the month, for list price.

The U.S. housing market – particularly in cutthroat areas like Seattle, Silicon Valley and Austin, Texas – appears to be headed for the broadest slowdown in years. Buyers are getting squeezed by rising mortgage rates and by prices climbing about twice as fast as incomes, and there's only so far they can stretch.

"This could be the very beginning of a turning point," said Robert Shiller, a Nobel Prize-winning economist who is famed for warning of the dot-com and housing bubbles, in an interview. He stressed that he isn't ready to make that call yet.

The data
A slew of figures released over the past few days gives ample evidence of at least a cooling.

Existing-home sales dropped in June for a third straight month. Purchases of new homes are at their slowest pace in eight months. Inventory, which plunged for years, has begun to grow again as buyers move to the sidelines, sapping the fuel for surging home values. Prices for existing homes climbed 6.4 percent in May, the smallest year-over-year gain since early 2017, and have gained the least over three months since 2012, according to the Federal Housing Finance Agency.

"Home prices are plateauing," said Ed Stansfield, chief property economist at Capital Economics Ltd. in London. "People are saying: Let's just bide our time, there's no great rush. If we wait six or nine months we're not going to lose out on getting a foot on the ladder." That means "we're now looking at a period in which prices move more or less sideways, or increase no more quickly than growth in incomes, over the next few years."

Stansfield projects a 5 percent gain this year and a 3 percent increase in 2019. That compares with 10.7 percent in 2005, shortly before the crash.

Supply lines
Some of the most expensive markets, where sales are falling under the weight of prices, are now seeing substantial increases in supply, according to Redfin Corp. In San Jose, California, inventory was up 12 percent in June from a year earlier. It rose 24 percent in Seattle and 32 percent in Portland, Oregon. Those big jumps are from low numbers, so the housing crunch is still a serious problem.

"Inventory has increased quite a bit," Godwin, the Seattle agent, said. "We're seeing less competition."

Dustin Miller, an agent with Windermere Realty Trust in Portland, said he's trying to manage sellers' expectations, something he hasn't had to do since the end of the last housing boom. One customer, a baby boomer moving to a new home across the state, expected to have buyers fighting over her house. She got one bid, below her asking price.

"Buyers want to shop and take some time, as opposed to having to rush and throw offers in," Miller said. "It's the market correcting itself. At some point, you hit a peak of momentum, and then things level off."

This new wariness was noticeable in the latest consumer-sentiment data from the University of Michigan. In its preliminary July survey, 65 percent of Americans said it's a good time to buy a home, the lowest since 2008, when the economy was still in recession.

Still, market watchers note that the housing sector has strong support from a healthy labor market and steady economic growth, which indicates a stabilizing trend for home prices rather than anything close to the experience of the crisis, when property values plunged.

"The rate of home sales, new and existing, has probably peaked," said Ian Shepherdson, chief economist at Pantheon Macroeconomics. "But it's not going to roll over. It will gently decline."

New record
S&P CoreLogic Case-Shiller data hint at the softening. The 20-city index of property values rose 6.6 percent in the 12 months ending in April. After seasonal adjustments, the gauge posted its smallest monthly increase in 10 months, with New York, San Francisco and Washington reporting declines.

Homeownership still remains out of reach for many Americans, especially for first-time and younger buyers. For existing homes, the median price climbed in June to a record $276,900, while properties typically stayed on the market for 26 days, unchanged from the prior three months, according to the National Association of Realtors.

"Affordability is becoming a major headache for homebuyers," said Lawrence Yun, the association's chief economist. "You are seeing home sales rising in Alabama, where things are affordable. But in places like California, people aren't buying."

In addition, "no one knows how far and how fast" borrowing costs may rise as the Federal Reserve raises interest rates, Stansfield said. Lenders and borrowers alike are less likely to let credit spiral out of control than in 2005 and 2006. And with financing tighter and wage gains in check, "there's not much scope for prices to continue to increase sustainably" at recent rates, he said.

The cooling, in turn, could curb housing starts, "because builders tend to only build what they think they can confidently sell," Stansfield said. At the same time, he said, "it will decrease the risk of a bust."

© 2018 Bloomberg L.P; © 2018 Penton Media; Prashant Gopal, Shobhana Chandra, Scott Lanman, Daniel Taub, Peter Jeffrey