Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Sept. 1, 2019

Mortgage Rate Forecast

What’s the Latest on Interest Rates?

What’s the Latest on Interest Rates? | MyKCM

Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.What’s the Latest on Interest Rates? | MyKCMAccording to Freddie Mac’s Primary Mortgage Market Survey,

the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.

Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers. He states,

“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”

As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the market is changing. Relying on current expert advice is more important than ever when it comes to making a confident and informed decision for you and your family.

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home is on your short list of goals to achieve, let’s get together to determine your best move.

Posted in Market Updates
Aug. 27, 2019

Veterans Home Loan Benefits


Hello fellow Veterans,  Janelle Endres here with The Endres Group Home Sales Team, thank you for reading my blog.


Today we are talking about VA Home Loan benefits. These loans can help veterans, service members, and their survivors to buy, build, improve or refinance a home. 


 Now for a VA Loan, you’ll still need to have the required credit and income for the loan amount, but a veteran’s home loan may offer better terms than with a traditional loan from a private bank or mortgage company.  For example, 90% of VA backed loans are made with NO MONEY DOWN, and lenders offer competitive interest rates as well. That’s why it is so important to work with an experienced Real Estate agent who is both knowledgeable of which homes qualify for VA loans, and can put you in touch with lenders who are experts in the loan application process.



This is a great deal because the VA home loan offers

·     No down payment

·     Better terms and interest rates

·     The ability to borrow up to the Fannie and Freddie conforming loan amount

·     No need for private or mortgage insurance premiums

·     Fewer closing costs

·     No penalty fee if you pay off the loan early.



So, are you eligible for a VA backed purchase loan?  My team will be happy to help with the process.  But basically, if you meet the requirements such as;


1] You qualify for a VA backed home loan Certificate of eligibility,

2] you meet the lender’s standards for credit and income and

3] you will live in the home you are buying with the loan, then you qualify!


You may be wondering, How can I buy a home with a VA-backed loan?

Buying a home is a complex process, and getting a VA home loan is only one piece of the puzzle. Stay on track by following the steps.

Steps to finding a home

1.     Apply for your VA-backed home loan Certificate of Eligibility (COE).

You’ll need to show your COE to your lender as proof that you qualify for the home loan benefit.

2.    Look at your current finances.

Go over your credit profile, income, expenses, and monthly budget to make sure you’re ready to buy a home. Decide how much you want to spend on a mortgage  

3.    Choose a lender.

You’ll go through a private bank, mortgage company, or credit union to get your loan. Lenders offer different loan interest rates and fees, so shop around for the loan that best meets your needs.

4.    Choose an experienced  real estate agent such as The Endres Group

With us you will shop for a home in your price range and fits your personal needs

What are the steps to buying your home?

Once you’ve found the house you want to buy:

1.     Work with The Endres Group to put together and sign a purchase agreement.

We will ensure the sales contract includes the “VA Escape Clause.” This provides an option to void the contract if the property doesn’t appraise for the contract price.

2.    Have the house inspected and appraised.

We strongly recommend that you get an inspection to check for any major defects before you purchase your home. A VA-approved appraiser will also appraise the house to make sure it meets basic property condition requirements, and will provide an opinion of value on the house. Please be aware that an appraisal isn’t the same as an inspection.

3.    Review pre-closing paperwork and give your lender any other needed information.

Your lender must give you a Closing Disclosure at least 3 business days before closing. Be sure to read it carefully. It includes loan terms, fees, closing costs, and your estimated monthly mortgage payments. Your lender may also ask you to provide more information or documents at this time.

4.    Close on your new home.

Your closing may be held at a title company, escrow office, or attorney’s office. Be prepared to sign a lot of documents—and be sure to take the time to read everything before you sign.

5.     Move in.

After closing, you’re ready to move into your new home. Congratulations!




So once again, we greatly appreciate all that the veterans and service members have done and continue to do for our country.  This VA home loan benefit is just one way we can thank you and The Endres Group can help streamline the process for you with our knowledgeable staff.  Give us a call at 727-515-9551 to get going on your VA backed home purchase.

Aug. 18, 2019

Real Estate TV Myths

5 Real Estate Reality TV Myths Explained

5 Real Estate Reality TV Myths Explained | MyKCM

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of shows like “Property Brothers,” “Fixer Upper,” and “Love It or List It,” all in one sitting.

When you’re in the middle of your real estate-themed TV show marathon, you might start to think everything you see on the screen must be how it works in real life. However, you may need a reality check.

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and decide to purchase one of them.
Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors, the average homebuyer tours 10 homes as a part of their search.  

Myth #2: The houses the buyers are touring are still for sale.
Truth: Everything is staged for TV. Many of the homes shown are already sold and are off the market. 

Myth #3: The buyers haven’t made a purchase decision yet.
Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy. 

Myth #4: If you list your home for sale, it will ALWAYS sell at the open house.
Truth: Of course, this would be great! Open houses are important to guarantee the most exposure to buyers in your area, but they are only one piece of the overall marketing of your home. Keep in mind, many homes are sold during regular showing appointments as well. 

Myth #5: Homeowners decide to sell their homes after a 5-minute conversation.
Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their homes and move on with their lives and goals.

Bottom Line

Having an experienced professional on your side while navigating the real estate market is the best way to guarantee you can make the home of your dreams a true reality.

July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates