Housing Market Projections for 2020

Expert Insights on the 2020 Housing Market

Expert Insights on the 2020 Housing Market | MyKCM

When closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.

Here’s what three experts are saying we’ll likely see in 2020:

Danielle Hale, Chief Economist at realtor.com

“I think the biggest surprise from the forecast is how long the market is staying in this low inventory environment, especially as Millennials are in a major home-buying phase…sellers will contend with flattening price growth and slowing activity with existing home sales down 1.8%. Nationwide you can look to flat home prices with an increase of less than 1%.”

Mike Fratantoni, Chief Economist at Mortgage Banker Association (MBA)

“Interest rates will, on average, remain lower…These lower rates will in turn support both purchase and refinance origination volume in 2020.”

Skylar Olsen, Director of Economic Research at Zillow

“If current trends hold, then slower means healthier and smaller means more affordable. Yes, we expect a slower market than we’ve become accustomed to the last few years…consumers will continue to absorb available inventory and the market will remain competitive in much of the country.”

As we can see, we’re still going to have a healthy market. It is forecasted to be a more moderate (or normal) market than the last few years, but strong enough for Americans to continue to believe in homeownership and to capitalize on the opportunities that come with low interest rates.

Bottom Line

If you’re wondering what’s happening in our local market, let’s get together today.

Posted on January 7, 2020 at 8:37 pm
Anne-Marie Tustin | Posted in Uncategorized |

We Want You! To Join Our Team

Posted on August 14, 2019 at 8:03 pm
Anne-Marie Tustin | Posted in Uncategorized |

Why I like Being a Real Estate Agent

   Sometimes people ask me what I like being a real estate agent. Other times people ask me why they should choose me to sell their house or to find a new home. Well, I gave those questions some thought and here are my answers….
1.     Meeting new people- my clients have touched my life in different ways and I sincerely enjoy helping them.  Some are facts and figures people and want to strictly get down to business. Others are emotional and like to chat about their lives which is often very enjoyable. I have to say that I have learned a lot from my clients.


2.      Being out and about- my job is not boring. It would be difficult for me to sit at a desk all day. I am always active… you may find me walking the streets delivering “Just Listed” postcards in a neighborhood, going out on a listing presentation or showing buyers potential homes. But with all the technology out there, I am reachable 24/7 (well, maybe 12/7).


3.       Learning new things- I don't claim to have all the answers, but if I don’t know the answer to something.. I  will research it and find out. Here are some situations that I have had to learn more about and problems I have solved:


a) Aluminum wiring- Aluminum wiring in a house can pose some problems. For more information on what to do about that, visit the Consumer Product Safety Commission's website at:http://www.cpsc.gov/CPSCPUB/PUBS/516.pdf


b) Mold- Some mold can be dangerous and is important to identify. Certain mold, including toxic mold, should be treated only by a professional. Find more information on mold here:http://www.cdc.gov/mold/cleanup.htm 
c) Radon- Repeated exposure to radon gas can pose lung problems if it is above 4 pCi/L. At or above this level of radon, the EPA recommends you consider installing a radon remediation system to reduce your exposure. For more information visit:http://www.radon.com


c) Termites- Termites can cause a lot of damage to a home. Often, you can tell if you have termites if you notice what looks like dried mud tubes. To learn what to do about termites, visit:http://termiteshq.com/6signs-termites-infested-home




d) Gas line easements- Rights-of-ways and easements provide a permanent, limited interest in the land that enables the pipeline company to install, operate, test, inspect, repair, maintain, replace, and protect one or more pipelines within the designated easement. Generally, property owners are prohibited from installing any structures, storing anything that could be an obstruction, or planting trees or shrubs along the right-of-way.




e) 203-k construction loans- These loans are used to repair or rehabilitate single family homes. These loans help you finance a "fixer upper." To learn more, visit:http://porta.hud.gov/hudportal/HUD?src=program_offices/housing/sfh/203k


f) Home warranties- Some sellers offer a one year home warranty to the buyer, which usually covers the cost of repairing appliances (minus deductible) if something goes wrong. They are relatively low cost. Check these out at: http://www.ahs.com


g) Home owner's insurance for investment properties- If you have a rental property, it is best to let your insurance company know, as this situation requires a special type of policy. Compare different companies at: http://www.bankrate.com/finance/insurance/renting-out-a-home-get-right-insurance-1.aspx


h) Historic home remodel requirements- If your home is considered historic, or in a historic district, you probably can't just put up any new front door for example. If your property is located in a designated historic district, you may need to seek the approval of the local Historic Preservation Commission before remodeling the exterior.

i) Raw land- Many lenders are not willing to lend money to purchase raw land. In addition, there are many other thing to consider such as whether the land has access to public utilities (electric, water or sewer) or if the land will support a septic system. A perc test and survey will need to be done as well. For other considerations, visit:http://www.streetdirectory.com/travel_guide/4584/home_improvement/getting_raw_land_not_a_raw_deal.html


i) Underground storage tanks (USTs)- USTs can pose problems if they have corroded and are leaking substances such as oil. If you are concerned about USTs on your property, contact the appropriate company and they can do a sweep for one to see if one is present and determine whether the soil has been contaminated.


k) Short sales- Short sales are potentially better for your credit then letting your home fall into foreclosure. Short selling involves a multi step process you go through to get your mortgage lender to approve a lesser amount than what you owe. This often happens because a home was purchased at the height of the market, around 2006 and now must be sold for less, as market values have decreased since that time. 
So, I hope your career is as rewarding as mine is. In my next blog post, I will write about what my clients like about me. 

Anne-Marie Tustin, MBA
Realtor Associate in NJ & PA
Keller Williams Realty
Princeton NJ
(609) 987-8889 office
(609) 575-8801 direct

Posted on April 19, 2016 at 7:09 pm
Anne-Marie Tustin | Posted in Uncategorized |

Why My Clients Like Me

In my last blog, I explained what I like about real estate. This blog explains why my buyers and sellers like me. I definitely go out of my way for my clients. How do I go above and beyond you ask? Read on to find out…

1. I work hard- I have trimmed hedges for clients and weeded their lawns. I have moved 100 photos from someone's walls then spackled and painted them. I have staged, rearranged and moved furniture. I have called around to the whole neighborhood to invite people to an open house.

2. I hold their hands– This is especially important with 1st time home buyers. I provide them with a list of steps and what to expect during the home buying process and give them an idea of their estimated costs.

3. I provide numbers- I offer free market value analyses (MVAs) for sellers. My MVAs are pretty accurate, as I have attended workshops hosted by professional appraisers. I know how much extra a house with a finished basement costs versus an unfinished one, or a house with 4 bedrooms as opposed to 3. 

4. I am fair and honest- I am never going to go MIA. I provide frequent communication and have a thorough list of vendors (inspectors, contractors, mortgage reps, attorneys, etc.) clients can work with throughout the home buying or selling process. 

Here are a few testimonials from my past clients:

"Our realtor, Anne-Marie Tustin, was nothing short of excellent in helping us find our dream home. We can't say enough good things about her quality of work. She really took the time to understand our "must-have's" and took into account our budget and quick timeline. She showed us a wide variety of homes and ended up finding us a house that was exactly what and where we wanted. In addition, as first time home buyers, she was always available to answer any and all questions. She guided us through the process and had great recommendations for our mortgage consultant and lawyer as well. She made the process incredibly easy. We love our new home and do not plan to leave, but would definitely recommend Anne-Marie to anyone looking to buy or sell." Nico C.

"We have been extremely satisfied with Anne-Marie's services as a realtor. She first helped us sell our house which had many challenges and once we sold our house she helped us in finding our new house. She is a wonderful person and realtor. I would highly recommend her as a realtor."Mark M.

"Anne-Marie is very knowledgeable in the real estate field. Her knowledge and professionalism guided and helped us close the deal in a timely manner. Her willingness to take the extra steps above and beyond what's required is what sets her apart from other agents I have dealt with. I would definitely work with her again in my future real estate [investments] transactions. [She] is a great agent to work with. Always punctual, responds very quickly to questions and e-mails. We are very satisfied with her service." J. and J. L.

"Anne-Marie was very helpful throughout the process of renting my apartment. I highly recommend her." Isabelle D.

For more information about me and the services I provide, call, text or e-mail me and see for yourself!

Anne-Marie Tustin
Sales Associate
Licensed in NJ & PA
Keller Williams Realty
100 Canal Pointe Blvd., Suite 120
Princeton, NJ 08540
609-987-8889 Office
609-575-8801 Cell

Posted on April 19, 2016 at 6:49 pm
Anne-Marie Tustin | Posted in Uncategorized |