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Momentum is known for so many advantages they offer us agents at the brokerage but the Accountability Monthly Meet-Ups & Convert Every Deal Training are just a couple. I have big goals, and with big goals it helps to have a tribe hold you accountable. In a shifting market I want to have a tribe that openly discusses relevant obstacles and how to overcome them. ✔Contact me for a complimentary buyer or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome in a market that has fewer homes for sale than it did in the years leading up to the pandemic. According to the latest Monthly Housing Market Trends Report from realtor.com: “There were 65.5% more homes for sale in January compared to the same time in 2022. This means that there were 248,000 more homes available to buy this past month compared to one year ago. While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.” The graph below shows how today’s inventory of homes for sale compares to recent years: What Does This Mean for You? Fewer homes for sale means buyers have fewer choices than they did prior to the pandemic—and that frustration is leading some to give up on the homebuying process altogether. But with mortgage rates sitting lower than they were at the peak last fall, more buyers are willing to come back into the process—they just need to find homes to buy. This is welcome activity for the spring market, especially if you’re thinking of selling your house. With a renewed interest in buying a home for many, the New York Times (NYT) reports: “Home buyers are edging back into the market after being sidelined last year . . .” So, if you want to take advantage of a sweet spot in the market, this spring could be your shot. Bottom Line The housing market needs more homes for sale to meet the demand of today’s buyers. If you’ve thought about selling, now’s the time for us to connect and get ready for you to make a move this spring. ✔Contact me for a complimentary buyer or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

0 CHRISTOPHER ST ST AUGUSTINE, FL 32084 Looking for Investment Land? Ready to Build? This is your opportunity to own in Residential St. Augustine, Florida. Just 10 minutes from old Town St. Augustine 15 to the Beach. High and dry. No HOA. 0 CHRISTOPHER ST ST AUGUSTINE, FL 32084 Corner wooded lot! Located at the corner of Christopher and Sidney Streets, this spacious lot is the perfect place to build one or more homes. Just under an acre, this lot has the potential to be divided if desired. (Subject to City approval for building and zoning, Buyer to verify) Located just a few minutes from the center of the City, you can forget about hassles with traffic and parking, your close enough to walk or bike downtown. If you are looking to purchase land for your future retirement or investments, I am ready to find your perfect property. View More Information or Make an Offer! ✔Contact me for a free buyers or seller consultation! 🤝Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 👉www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakersteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate

If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built. The Number of Newly Built Homes Is on the Rise While there are more houses for sale right now than there were at this time last year, there’s still a historically low number of homes available on the market. One reason for that is years of underbuilding—meaning there haven’t been enough new homes built to keep up with demand. The graph above shows how low the production of newly constructed homes has been over the past 14 years. But it also shows another important trend: the number of new homes being built each year is on the rise. As Mark Fleming, Chief Economist at First American, shares, that’s good news for buyers: “While existing-home inventory remains limited, the silver lining for home buyers is that new-home inventory is on the rise, and a new home at the right price is a pretty good substitute.” Builder Incentives Can Provide a Boost While there a growing number of new homes for sale, builders are slowing that pace until they sell more of their current inventory. According to Logan Mohtashami, Lead Analyst at HousingWire: “The builders have to work off the backlog of homes, but instead of 3%-4% mortgage rates, they’re dealing with 6% plus mortgage rates, which means they have to provide many incentives to make sure those homes sell.” Many builders are now offering incentives to help buyers purchase these homes. Fleming also explains: “The National Association of Home Builders reported that nearly two-thirds of builders were offering incentives, including mortgage rate buydowns, paying points for buyers and price reductions, which could entice potential home buyers.” A builder who’s willing to pay to reduce your mortgage rate could be a game changer. Ksenia Potapov, Economist at First American, puts it this way: “A one percentage-point decline in mortgage rates has the same impact on affordability as an 11 percent decline in house prices.” Should You Buy a Brand-New Home? The best way to decide what type of home to buy is to work with a trusted real estate professional who can help you weigh the pros and cons of each option. They know which homes are available in your local market, and which builders might be offering incentives that make sense for you. Bottom Line Even though there aren’t a lot of homes for sale today, new home inventory is on the rise, and many builders are offering incentives. Let’s connect so I can help you weigh the pros and cons of shopping for a new home versus an existing one. ✔Contact me for a complimentary buyer or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

The Federal Reserve is committed to breaking inflation, and recent data shows that inflation is not slowing down. This makes it a possibility that we could see residential mortgage rates shoot past the 8% mark by the end of the year, slowing the demand for housing, and other consumer products that have high debt balances (think autos, boats, etc.). ✔Contact me for a complimentary buyer or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

I am thankful for the local businesses who support my Real Estate business! You can find Closing 904 Real Estate Selling & Buying Guides in Life Giving Solutions store in St. Augustine, Florida. Thank You Laura Serder for the partnership! #givingback #closing904realestate #momentumrealty ✔Contact me for a free buyers or seller consultation! 🤝Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 👉www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakersteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate

It can be tempting, especially with how hot the housing market has been over the past two years, to consider selling your home on your own. But today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they’re also experts in managing the many aspects of selling your house. Here are five key reasons why working with a real estate professional makes sense today. 1. A Professional Follows the Latest Market Trends With higher mortgage rates, rising home prices, and a growing number of homes for sale, today’s housing market is showing signs of a shift back toward more pre-pandemic levels. When conditions change, following the trends and staying on top of new information is crucial when you sell. That makes working with an expert real estate advisor critical today. They know your local area and follow national trends too. More importantly, they’ll know what this data means for you, and as the market shifts, they’ll be able to help you navigate it and make your best decision. 2. A Professional Helps Maximize Your Pool of Buyers Your agent’s role in bringing in buyers is important. Real estate professionals have a large variety of tools at their disposal, such as social media followers, agency resources, and the Multiple Listing Service (MLS) to ensure your house is viewed by the most buyers. Investopedia explains why it’s risky to sell on your own without the network an agent provides: “You don’t have relationships with clients, other agents, or a real estate agency to bring the largest pool of potential buyers to your home. A smaller pool of potential buyers means less demand for your property, which can translate into waiting longer to sell your home and possibly not getting as much money as your house is worth.” 3. A Professional Understands the Fine Print Today, more disclosures and regulations are mandatory when selling a house. That means the number of legal documents you’ll need to juggle is growing. The National Association of Realtors (NAR) explains it best, saying: “Selling a home typically requires a variety of forms, reports, disclosures, and other legal and financial documents. . . . Also, there’s a lot of jargon involved in a real estate transaction; you want to work with a professional who can speak the language.” A real estate professional knows exactly what needs to happen, what all the paperwork means, and how to work through it efficiently. They’ll help you review the documents and avoid any costly missteps that could occur if you try to handle them on your own. 4. A Professional Is a Trained Negotiator If you sell without a professional, you’ll also be solely responsible for all the negotiations. That means you’ll have to coordinate with: The buyer, who wants the best deal possible The buyer’s agent, who will use their expertise to advocate for the buyer The inspection company, which works for the buyer and will almost always find concerns with the house The appraiser, who assesses the property’s value to protect the lender Instead of going toe-to-toe with all these parties alone, lean on an expert. They’ll know what levers to pull, how to address everyone’s concerns, and when you may want to get a second opinion. 5. A Professional Knows How To Set the Right Price for Your House If you sell your house on your own, you may over or undershoot your asking price. That could mean you’ll leave money on the table because you priced it too low or your house will sit on the market because you priced it too high. Pricing a house requires expertise. NAR explains it like this: “A great real estate agent will look at your home with an unbiased eye, providing you with the information you need to enhance marketability and maximize price.” Real estate professionals know the ins and outs of how to price your house accurately and competitively. To do so, they compare your house to recently sold homes in your area and factor in the current condition of your home. These steps are key to making sure it’s set to move quickly while still getting you the highest possible final sale price. Bottom Line Whether it’s following local and national trends and guiding you through a shifting market or pricing your house right, a real estate agent has essential insights you’ll want to rely on throughout the transaction. Don’t go at it alone. If you plan to sell, let’s connect so you have an expert on your side. ✔Contact me for a complimentary buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

Some Highlights Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row. Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time. If you’re ready to buy a home and invest in your future, let’s connect. ✔Contact me for a complimentary buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

Today we take time to honor and recognize the past and present experiences of Black Americans. When it comes to real estate specifically, equitable access to housing has come a long way, but the path to homeownership is still steeper for households of color. The Gap in Homeownership Rate in America It’s a more challenging journey to achieve homeownership for some buyers, as shown by the measurable gap between the overall average U.S. homeownership rate and that of non-white groups. Today, Census data shows the lowest homeownership rate persists in the Black community (see graph below): This graph clearly indicates there’s a gap that still exists in the percentage of people in each community who are able to achieve homeownership. How Homeownership Impacts Household Wealth One of the challenges that could make buying a home harder for these groups is how difficult it can be to accumulate wealth. Even today, there are obstacles certain racial and ethnic groups, especially the Black community, still face. A recent article from NextAdvisor explains: “The median Black household earns 61 cents for every dollar earned by a comparable White household, according to the Economic Policy Institute. This not only makes it more difficult to afford a home, but also to accumulate and pass on generational wealth.” This can delay or prevent many from achieving homeownership, challenging their ability to grow their net worth and build wealth that can pass down to future generations – a point that’s clear in a 2022 report from the National Association of Realtors (NAR): “Given that homeownership contributes to wealth accumulation and the homeownership rate is lower in minority groups, data shows that the net worth for these groups is also lower. At $188,200, the net worth of a typical white family was nearly 8 times greater than that of a Black family ($24,100) in 2019.” It’s important to talk about the experience Black homebuyers may have and the challenges they may face as they pursue their dream of homeownership. The inequity that remains in housing can be a point of pain and frustration. That’s why it’s so important for members of diverse groups to have the right team of experts on their sides throughout the homebuying process. These professionals aren’t only experienced advisors who understand the market and give the best advice. They’re also compassionate allies who will advocate for your best interests every step of the way. They can point you to important resources and tools that can help you throughout your journey to homeownership. Bottom Line Opportunities in real estate improve every day, but there are still equity challenges that many face. Let’s connect to make sure you have an advocate on your side to help you achieve your dream of homeownership. ✔Contact me for a complimentary buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point. As you may have already heard, the number of homes for sale has increased this year, and even more so this spring. As Danielle Hale, Chief Economist for realtor.com, explains: “New listings–a measure of sellers putting homes up for sale–were up 6% above one year ago. Home sellers in many markets across the country continue to benefit from rising home prices and fast-selling homes. That’s prompted a growing number of homeowners to sell homes this year compared to last, giving home shoppers much needed options.” This is encouraging news. More homes coming onto the market give you a greater chance of finding one that checks all your boxes. Buyer Competition Moderating Helps Inventory Grow Even More Mark Fleming, Chief Economist at First American, says inventory growth is happening not just because there’s an increase in the number of listings coming onto the market, but also because buyer demand has moderated some in light of higher mortgage rates and other economic factors: “There has been a pickup in the inventory that we’ve seen recently, but it’s not from a big increase in new listings . . . but rather a slowdown in the pace of sales. And remember that months’ supply measures the inventory of sale relative to the pace of sales. Same inventory, fewer sales, means more months’ supply.” Basically, the market is shifting away from the frenzy of buyer competition seen during the pandemic, and that’s helping available inventory grow. In their latest forecast, realtor.com also mentions the moderation of demand as a key factor and projects the inventory growth should continue: “As rising inflation and mortgage rates bring U.S. housing demand back from the 2021 frenzy, . . . inventory will grow double-digits over 2021 and offer buyers a better-than-expected chance to find a home.” How This Impacts You The combination of more homes coming onto the market and a slower pace of home sales means you’ll have more options to choose from as you search for your next home. That’s great news if you’ve been searching for a while with little to no luck. Just remember, there isn’t a sudden surplus of inventory, just more homes to choose from than even a few months ago. So, you’ll still want to be decisive and move fast when you find the right home for you. And when you do, you may be faced with less competition from other buyers too. If you’ve been waiting to jump into the market because the intensity of the bidding wars was intimidating or if you’ve been outbid on several homes, this moderation could help make the homebuying process a bit smoother. It’s not that it’ll be easy or that bidding wars are a thing of the past – that’s not the case. But it won’t feel nearly as impossible. Bottom Line As the housing market begins its shift back toward pre-pandemic levels, you could have a unique opportunity in front of you. With moderating levels of buyer competition and more homes actively for sale, your home search may have gotten a bit less challenging. Let’s connect to begin the process today. ✔Contact me for a complimentary buyers or seller consultation! Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakerteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano

Looking for Investment Land? Ready to Build? This is your opportunity to own in Flagler Estates. Just 35 minutes from old Town St. Augustine 45 to the Beach and Jacksonville about an hour away. Wooded vacant lot in rural Flagler Estates. High and dry. No HOA. If you are looking to purchase land for your future retirement or investments, I am ready to find your perfect property. View More Information or Make an Offer! ✔Contact me for a free buyers or seller consultation! 🤝Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 👉www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakersteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate

Giving Back to the Community with each Closed Transaction My clients, Lisa & Chad Avery, who just closed on their land! Picked the American Cancer Society for my giveback contribution. We giveback to organizations with each closed transaction. Both Lisa's parents have had cancer and this organization helped during trying times! #givingback #closing904realestate #momentumrealty ✔Contact me for a free buyers or seller consultation! 🤝Let me help you buy or sell today! 🏡 Home Selling & Buying Made Simple 📢Receive Your Receive Your Complimentary Sellers & Buyers Guide! Contact Melissa Lampugnano Today! 📞904-330-4457 👉www.closing904realestate.com #stjohnsrealtor #stjohnsrealestate #actiontakersteam #realestate #staugustine #jacksonvillerealestate #northfloridarealestate #sellyourhouse #homebuying #homeinventory #realestateagent #stjohnsrealtor #momentumrealty #movingwithmomentum #melissalampugnano #closing904realestate