Optimism sparkles like Fresh Fall Florida sunshine here at Palm State Mortgage Company in beautiful Winter Park, Florida.  Our optimism is justified because of the new statistics for housing sales in July and our recovering economy in general.  Around here, we can not help but see the economy improving with new home sales.

Optimism means facts show this is a good time for new homes.

Optimism: Balance Risks, responsibilities  and High Rents Against Owning a New Home..

Experts have reported, this July, “New home sales surge to the best level since 2007.”

Let’s just take a quick look at national figures for new home sales.  Our confidence is justified as we see that the new home market actually popped up by 12.4% this July.

The basis of the optimism can be discovered in our own U.S. Census Report. It reveals a seasonally adjusted annual rate of 654,000 national new home sales in July.

Strongest Optimism since October 2007!  Many Economists had only predicted that the seasonally adjusted annual rate would be 580,000, and sales of new single-family houses would fall 2%.

Experts give the credit to the Southern areas of the United States.  There, we have seen sales surge at a reported rate of 398,000 of the above 580,000 the in new home sales.

Optimism in the Statistics

Granted our optimism could change in the coming months, because the new home sales market is obviously volatile.  June only held a vague hint of the surge in new home sales with its small 1.7 percent rise at the seasonally adjusted annual rate.

However, right now, with the economy improving, we feel optimistic about your opportunity to purchase a new home at a fair price.  We are not encouraging bargain buys or short sales, but solid, good deals that are fair to buyer and seller, and  for the new growth of American economy.

Join The Optimism For Your New Home

You must ask yourself if you are really ready to buy a home. Between this article, and Part 2, coming next week, we present five ways, five questions, by which you can earn the right to have Optimism for your own status of Home Owner.

  1. Do you clearly understand the responsibilities of home ownership?

    Home ownership brings optimism and responsibility.

    Optimism for Ownership: We Can Do It With Palm State Mortgage Advice!

Palm State Mortgage Company wants our home loan clients to understand the intricacies of home maintenance.  Here’s our Red Letter Home Maintenance List of Reminders:

Home Owners Must:

  • Keep the home painted inside and outside.
  • Keep up with the landscaping and yard-mowing.
  • Maintain the roof.
  • Take Good Care of the HVAC system.
  • Repair the plumbing, and yes, this means that occasional stopped up toilet.

All of these are things your landlord took care of if you were simply renting.

Palm State Mortgage Company has a formula designed to keep you out of trouble with home repairs:

Simply save 1 percent of the home’s value each year.  Although you might need less or more depending on the year, this is a good amount to help you cover maintenance expenses.

  2.  Although you can pay mortgages at a fixed rate, do you understand some home financial obligations change, year to year?

Happiness is finding the right home, and putting down earnest money.

Celebrate Ownership with Optimism with Palm State Mortgage Advice.

Do you understand, as owner, other expenses you must pay include:

A.  Property taxes,
B.  Homeowners Insurance,
C.  HOA (Home Owner’s Association) Fees.

Unlike your fixed rate mortgage payment, these three additional fees will go up over time. Be Aware! Be Prepared!

Next week, in Part II of our topic of 2016 Optimism for Home Ownership, Palm State Mortgage will bring you three more ways to prove you are really ready—or not– to buy a home, assume a mortgage, and enjoy the experience of home ownership in Palm State Mortgage’s 2016 Age of Optimism.