March 2016 Firebird Housing Newsletter

MARCH 2016 HIGHLIGHTS
 Statistics Show that Property Rent Values have 
INCREASED  5.6% since this time last year!!

**NAR (National Association of Realtors) News Release**

Existing – Home Sales, Fizzle in February

WASHINGTON (March 21, 2016) — After increasing to the highest annual rate in six months, existing-home sales tumbled in February amidst unshakably low supply levels and steadfast price growth in several sections of the country, according to the National Association of Realtors®. Led by the Northeast and Midwest, all four major regions experienced sales declines in February.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 7.1 percent to a seasonally adjusted annual rate of 5.08 million in February from 5.47 million in January. Despite last month’s large decline, sales are still 2.2 percent higher than a year ago….

 
 *New inventory (10,331 for February) up 11.5% year over  year
*Total inventory (27,395 for February) up 0.2% year over year
*Months supply of inventory –  4.79
*Median new list price is $229,800 up 7.5% year over year
*Median sale price is $214,000 up 9.7% year over year
*Foreclosures pending (4,156) down 26.8% year over year
*Average days on market – 85
*On average, a home sells for 98% of the list price

Based on the Market Statistics and Press Release, your Real Estate Specialists at Firebird Housing are recommending that property owners hold off on their property sales until the 2nd quarter of 2017, at which time we will re-evaluate the direction of the market.

We compile a list each month of the few owners that make the decision to go ahead and sell one or more of their properties. Our existing investors are provided an exclusive preview of these additional investment opportunities.  Firebird has put together several deals that have proven to be extremely beneficial for our investors and their portfolios over the last cyclical year alone.

 

* Would you like to be put on a list of investors that will receive an email from      Firebird with a list of properties for sale?  (many of these will have current  residents in the property)

* Would you like us to add your property to this list to be offered for sale to    other investors?

* Are you interested in purchasing an investment property?   Now is a great time  to buy!!                                                                                                  

* Are you curious as to what your house is worth?

If any of the above apply to you, please contact either Ken or Scott for more information:

Phone: 480-633-1993 Email:  Manage@FirebirdHousing.com

Evictions can come at such an extremely high cost, but Firebird Housing has come up with a solution to further protect unexpected costs incurred in removing a tenant from a home. To provide a higher level of service, Firebird Housing now offers EVICTION ASSURANCE. 

Here’s how the Program works:  If an eviction becomes necessary on your property, Firebird Housing will cover all costs incurred in removing a tenant from your home for an annual fee of $180 – or $15 a month. Without such coverage, Firebird Housing charges $35 per hour for the eviction process. In comparison, this is very inexpensive when compared to an attorney who would charge $200 to $300 an hour.

 
With EVICTION ASSURANCE – Firebird Housing will cover ALL of the above costs (See the Chart above) incurred from an eviction on your behalf. For $180 a year ($15 a month added to your monthly management fee) – owners can rest assure they will not be hit with an unexpected cost of $1800 or more!  Ask your Property Manager for more information today!

*Some Limitations Apply

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