Sirenna Beyer, Realtor

Yikes ! I just set another personal CAREER RECORD! I sold a boatload ($6,377,700) of Real Estate in October. ( my 2nd career record for 2020). Credit goes to this INCREDIBLE Real Estate Market ( and a little bit of skill on my part! ) BIG THANKS go to all those who allowed me to assist them. I'm so appreciative.

Pending Home Sales Update: The National Association of Realtors Pending Home Sales Index for November fell by -2.6% to 125.7 vs. expectations of no change. This is the third straight monthly decline; however, YoY contract signings are up by +16.4%. According to the NAR, "The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices. It is important to keep in mind that the current sales and prices are far stronger than a year ago. The mark...et is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates." Broken out by region, the Northeast fell -3.3% on the month, but is still seeing a +15.3% increase from a year-ago. In the Midwest, the index dropped by -3.1% on the month, but is still up +14.1% vs. last year in November. The South decreased by -1.1% in November but is up +21.3% from November 2019. Finally, the West fell -4.7% MoM, but still posts a +10.4% from a year-ago. Case-Shiller Home Price Index: The S&P CoreLogic Case-Shiller 20-city index rose 7.95% YoY in October, beating consensus of a rise of 6.95%, and the MoM increase was 1.6%, beating expectations of a rise of 1.0% and is the largest increase since April 2013. The National Home Price Index rose 1.69% MoM, higher than September’s 1.43%. Phoenix (+12.72% YoY), Seattle (+11.67% YoY) and San Diego (+11.58% YoY) were the cities with the highest increase in the price index YoY. These are pretty hot numbers, even considering the high expectations. With rates still at or near all-time lows, it makes sense to expect prices to keep increasing, although there is a risk that this will price out some potential buyers.

I Negotiate MORE than just the weather to get your home sold. I've been successfully doing it for 40 hears! https://sirennabeyer.reecenichols.com/

Housing Starts in November increased +1.2% to 1.547mln from a revised 1.528mln in the prior month (orig. 1.53mln). Single-family starts rose only +.4% MoM to 1.186mln, while multi-family starts increased by +8.0% to 352k, accounting for most of the headline result. Building permits were up +6.2% in November to 1.639mln, with single-family up +1.3% to 1.143mln, and multi-family up a strong +22.8% to 441k. Overall, this was the strongest pace of starts since back in February, w...hile it was the best reading for permits since September 2006. Household formations have risen to a 3mln average over the past 12 months, which is roughly double the pace of housing starts. Existing homes have done a decent job of meeting some of the demand, but those inventories have also begun to fall at a more rapid pace as we’ve seen over the past few months. New home sales have seen their inventory to sales ratios drop to their lowest levels in 60 years. See more

More Info on Mortgage Rates in case your shopping.

Mortgage Rate Update Prosperity Home Mortgage, LLC Weekly Gwen Goins Mortgage Rates December 18, 2020... Rate APR Points 30 Year Fixed 2.500% 2.614% 0.250 15 Year Fixed 2.125% 2.313% 0.125 30 Year FHA 2.375% 3.465% 0.125 30 Year VA 2.250% 2.575% 0.000 30 Year Jumbo 2.875% 2.923% 0.000 The above scenarios assume a $350,000 sale price ($1.5M on a Jumbo) on a purchase transaction with 25% down, a 740 FICO score and a 45 day rate lock. Rates are as of business day prior to the date listed above. Interest rate and annual percentage rate (APR) are based on current market conditions as of 12/17/2020, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend. Please contact me at 816-407-5223 or [email protected] Gwen Goins Prosperity Home Mortgage, LLC Facebook What My Clients Are Saying! Gwen Goins Mortgage Consultant NMLS # 451891 434 W 47th St Kansas City, MO 64112 Office # 816-407-5223 Cell # 765-274-6366

Twas the night before closing...