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CENTURY 21 Sbarra & Wells’ Blog

Home Sales at Highest Level in Over 9 Years

Sales of existing homes rose 1.8% in May, the highest level since early 2007 and up 4.5% since May 2015. A combination of low mortgage rates and a relatively healthy job outlook has led to elevated demand for homes. Homes sold in May were typically on the market for just 32 days-the shortest marketing time measured since the National Association of Realtors began tracking the figure in 2011.

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7 Reasons to Own a Home

Tax benefits.The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.

Appreciation.Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each year from 1972 through 2014, according to the National Association of REALTORS®. The recent housing crisis has caused some to question the long-term value of real estate, but even in the most recent 10 years, which included quite a few very bad years for housing, values are still up 7.0 percent on a cumulative basis. In addition, the number of U.S. households is expected to rise 10 to15 percent over the next decade, creating continued high demand for housing.

Equity.Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

CENTURY 21 Sbarra & Wells Agents Attend 2016 CENTURY 21 Global Conference

Edna Pauly & Teresa Blanchette Attended the CENTURY 21 Global Convention in FloridaTeresa Blanchette and Edna Pauly, Realtors with CENTURY 21 Sbarra & Wells,recently attended the CENTURY 21 Global Conference, held annually by Century 21 Real Estate LLC to recognize the prior year’s achievements of their independent sales associates, brokers, offices and teams, and to learn about industry trends and new System offerings that help to deliver an unforgettable real estate experience for customers here in the Greater Binghamton Area. In addition, the three-day event provided networking opportunities with associates from CENTURY 21 Offices from around the globe.

"The Global Conference is a platform to reflect on the progress we have made as a brand and to look ahead equipped with the knowledge and resources, including marketing tools, research, and global networking opportunities, so that we can remain the brand of choice for the industry and for consumers looking to partner with a real estate company they can trust," said Teresa Blanchette, Lic. Assoc. R.E. Broker at CENTURY 21 Sbarra & Wells. "I am proud to be an active part of a System that cares for us, our customers and clients, and the communities in which we live and work," added Edna Pauly, Lic. R.E. Salesperson.

The 2016 "Dare to Dream" Conference, held at the Rosen Shingle Creek in Orlando, Florida, focused largely on driving growth and better serving the needs of the dynamic real estate consumer. Sessions featured subject matter leaders who shared insights on how to: