x� #1  Reason  to  Sell  Now

x� Buying  Be er  Than  Ren ng

x� Less  First- me  Home  Buyers

x� Home  Design  Tips  

x� By  the  Numbers    -Quick  Facts

x� South  Carolina  Ranks  2nd  for  Inbound  Reloca ons

x� Lis ngs  Wanted:              4  Proper es  Sold  in  30  Days

x� Winter/Spring  Calendar  of  Events

Contact    The  LaCoe  Team

Allan  LaCoe—843.422.0434

Gloria  LaCoe—843.422.0433

info@LaCoeTeam.com

www.LaCoeTeam.com

Buying  Better  Than   Renting?  

The  cost  to  rent  an  apartment  in  2014   jumped   for   the   fifth  consecutive   year   as   strong  demand   and   short   supply   left  vacancies   at   historically   low  levels.     Nationwide,   apartment  rents   rose   an   average   of   3.6%  last   year   according   to   real  estate   research   firm  Reis.     The  increase   pushed   the   average  monthly  lease  rate  to  $1,124.38,  the   highest   since   Reis   started  tracking   the   market   in   1980.    The   vacancy   rate   last   year  was  4.2%,   the   lowest   since   2000.    Rents  were  not  only  up  in  all  79  U.S.   metro   areas   tracked   by  Reis,   but   also   in   smaller   and  midsize  cities.

Source:    Island  Packet

If   you   are   one   of   the   many   homeowners   who  are  debating  putting  their  home  on  the  market  in  2015,   don’t   miss   out   on   the   opportunity   that  currently  exists.    There  will  be  significantly  less  competition   in   the   winter   months   than   in   the  spring.     According   to   the   National   Housing  Survey   released   by   Fannie   Mae,   45%   of  homeowners   say   mortgage   rates   will   go   up   in  the   next   12   months.     The   Mortgage   Bankers  Association  projects  mortgage  rates  to  be  about  5%  by  the  end  of  2015. 2014   finished   with   the   30   year   fixed  mortgage  rate  at  3.87%  as  per  Freddie  Mac.    This  is  very  close  to   the  historic   lows   in   the  spring  of  2013.  According  to  Freddie  Mac,  2015  home  sales  are  to   hit   2007   levels,  which   is   a   4%   rise   in   sales.      See  below  for  the  projections  for  2015:  

Fannie Freddie Mac MBA NAR Average

of  all  four Quarter

4.0% 4.1% 4.4% 4.2% 4.25% 2015  1Q

4.1% 4.3% 4.6% 4.5% 4.38% 2015  2Q

4.2% 4.5% 5.0% 4.9% 4.65% 2015  3Q

4.3% 4.7% 5.1% 5.4% 4.88% 2015  4Q

#1  Reason  to  Sell  Now  

Less  First-time  Home  Buyers   Just   33%   of   primary   residences  sold   in   2014   were   purchased   by  first-time  home  buyers,  down   from  38%   the   year   before,   and   at   the  lowest   level  since  1987,  according  to  the  National  Association  of  Real-­tors.    The  NAR  says   that   the   first-time-buyer   share   of   home   sales  has   typically   hovered   around   40%  since   1981.     Student   debt,   rising  rents   and   a   weaker   job   market  have  made   it   harder   for   would-be  buyers  to  save  for  a  down  payment  and   qualify   for   a   mortgage.   The  typical   first-time-buyer   last   year  was  31  years  old,  while  the  typical  repeat  buyer  was  53.

Source:    Island  Packet

Source:    Keeping  Current  Matters

Inside  this  Issue:

MBA

2014  Home  Sales  &  2015  Projec ons (Exis ng  &  New  Construc on  in  millions)

NAR Freddie  Mac

5.4

5.92

5.3

5.6

5.33

5.66

2014 2014 2014 2015 2015 2015

Source:    The  KCM  Crew

▪    The  Music  of  Johnny  Cash:    February  10th  –  March  1st  -  Arts  Center  of  Coastal  Carolina ▪    Pianist  Peter  Nero:    March  7  –  Arts  Center  of  Coastal  Carolina ▪    Hilton  Head  Island  Seafood  Festival:      March  7th  from  11  am  -  7  pm  at  Shelter  ▪    Cove  Community  Park.   ▪    Wingfest:  March  20th  from  5  pm-8  pm  and  March  21st  from  11  am  –  6  pm  at  Shelter  Cove  Community  Park.   ▪    Easter  Eggstravaganza:      April  4th  from  10  am  -  1  pm  at  Shelter  Cove  Community  Park.

 RBC  Heritage  -  PGA  Tournament:      April  13th  -  19th  -  Sea  Pines

Upcoming  Events Just  a  few  of  the  wonderful  things  happening  this  winter  and  spring  in  the  Lowcountry!

Moving  In

The  top  inbound  states  of  2014  were:

 1.    Oregon  2.    South  Carolina  3.    North  Carolina  4.    Vermont  5.    Florida  6.    Nevada  7.    Texas  8.    District  of  Columbia  9.    Oklahoma 10.    Idaho

United  Van  Lines  has   tracked  annual  migration  patterns  on  a  state-by-state  basis  since  1977.  The  study  is  based  on  household  moves  handled  by  United  within  the  48  contiguous  states  and  Washington,  D.C.  United  classifies  states  as  “high  inbound”  if  55  percent  or  more  of  the  moves  are  going  into  a  state,  “high  outbound”  if  55  percent  or  more  moves  are  coming  out  of  a  state  or  “balanced”  if  the  difference  between  inbound  and  outbound  is  negligible.    Florida  was  the  top  sending  state   to  South  Carolina.    It  was  also  noted  that  the  majority  of   relocations   to  South  Carolina  were  people  over  the  age  of  55.

South  Carolina  Ranks  2nd  For  Inbound  Relocations

 1.    New  Jersey  2.    New  York  3.    Illinois  4.    North  Dakota  5.    West  Virginia

 6.    Ohio  7.    Kansas  8.    New  Mexico  9.    Pennsylvania 10.    Connecticut

Moving  Out

Balanced

Several  states  gained  approximately  the  same  number  of  residents  as  those  that  left.  Traffic  in  states  including  Rhode  Island,  New  Hampshire  and  Wyoming  leveled  this  year  compared  to  2013  migration  data.  Tennessee  appeared  on  the  balanced  list  for  the  second  consecutive  year.

In  addition  to  the  Northeast,  Illinois  (63%)  held  steady  at  the  No.  3  spot,  ranking  in  the  top  five  for  the  last  six  years.  

New  additions  to  the  2014  top  outbound  list  include  North  Dakota  (61%),  Ohio  (59%),  Kansas  (58%),  and  Mississippi  (55%).

High  Outbound

High  Inbound

Balanced

Your  Opinion  Counts

If   you   are   looking   for   real  estate   informa on,   have  ques ons   or   ideas   that   you  think  would  be  beneficial   to  us   to   include   in   our  newsle er,   please   contact  us  at  info@LaCoeTeam.com.    Look   for   your   ques ons   in  our   quarterly   newsle er   as  you  can  help  us  help  others  in   their   real   estate  investments.     Thanks   for  your  par cipa on!

HHI  Area  Association   of  Realtors  

2010  Realtor  of  the    Year  Gloria  LaCoe

“For  years  I  thought  I’d  find  a  pirate’s  coin  or  a  diamond  ring.    After  fifty  years  of  walking,  I’ve  found  shells  and  driftwood,  crab  claws  and  skate  eggs  and,  once,  a  dried-up  seahorse.    My  

dog  finds  round  plastic  containers  that  he  can  chase  around  and  half-deflated  helium  balloons  that  he  likes  to  pop,  and  rocks  he  likes  to  dig  up.    We  find  treasure  all  the  time,  is  what  I  mean.”

What  Washes  Up   From  Walks  on  the  Beach   by  Sandy  Gingras.  

The   Zillow   Digs   Home   Design   Trend  Report  for  2014  identified  dark  and  bold  hues   as   the   trending     palettes   for   the  year.   Zillow’s   report   relies   on  homeowners   and   designers   to   identify  top   choices,   which   are   projected   to  include     black   counters,   open   shelves  and  glass,  and  darker  paint  tones. Black   Counters   –   Black   kitchen  counters,  with  black  granite  and  quartz  being   particularly   popular,   add  sophistication   to   new   kitchens.     Also  popular  are  contrasting  surfaces  –  such  as   a   black-topped   island   paired  with   a  paler  main  counter.    Keep   in  mind  that  spills   and   crumbs   show   up   easily   on  

dark   countertops,   so   play   with   sheen,  flecks  and  ribbons  of  contrast  within  the  material. Open   Shelves   and   Glass   –   These  features   are   showing   up   in   kitchens  running   the   gamut   from   traditional   to  contemporary.    No  matter  your  style,  be  sure  to  add  lighting  to  glass  cabinets  for  maximum  display  potential. Darker   Paint   Tones   –   Bolder   colors  complement  stainless  steel,  and  darker  cabinet   colors   are   in   style.     Zillow’s  study  cites  trending  kitchen  paint  tones  as   black,   deep   brown,   dark   red,   and  copper.  

While   the   rest   of   the   house   may   be  neutral   and   practical,   a   half   bath   is   a  great   place   to   get   creative.    Given   the  size   of   most   powder   rooms,   this   is  where   you   get   the   most   from   a  decorating  dollar.    Half  baths  require  a  limited   number   of   materials   in   a  relatively   small   space.     The   spot’s  ideally  suited   to  a  splurge  on  premium  

glass  tiles,  luxurious  stone  flooring  or  a  gold-toned   faucet.     You   can   show   off  with   a   vessel   sink   in   traditional  porcelain   or   a   more   unusual   material  such  as  glass  or  polished  stone.      Wall  ideas   include   covering   them   in   rich  colors,   glazing   them,   or   paving   them  with   tiles  or  mosaics.    So  have  a  blast  and  make  a  splash  in  your  half  bath!

Source:    Homes  &  Land

Kitchen  Design  Trends  

Brighten  up  your  Powder  Room Source:    Homes  &  Land

2015  offers  much  promise  in  our  area.  Watch  for  price  movements  to  come  in  line  with  historical  norms,  seller  activity  and  inventory  levels  to  increase,  housing  starts  to  gain  momentum,  and  for  rates  to  remain  attractive.

+12.5%  -  Bedroom  count  with  strongest  sales:    4  Bedrooms  or  more

By  the  Numbers  –  Quick  Facts  

+5.3%  -  Price  range  with  the  strongest  sales:  $300,001  and  above  

+25%  -  Property  type  with  strongest  sales:  condos.

We  have  just  the  lockbox  for  you!     Call  us  today  to  list  your  home.    

It’s  a  great  time  to  sell!  

The  Alliance  Group  Reality 890  William  Hilton  Parkway,  Suite  33 Hilton  Head  Island,  SC  29928

Use  your  Smart  Phone  or  Quick  Code  Reader  on  your  iphone  to  get  the  most  up-to-date  informa on  on  the  Hilton  Head  Island  real  estate  Market.

Allan  LaCoe—843.422.0434 Gloria  LaCoe—843.422.0433 Info@LaCoeTeam.com www.LaCoeTeam.com

Your  home  has  been  a  huge  part  of  your  life,  so  when  you're  ready  to  move  don't   trust  selling  it  with   just  any  realtor.    The  LaCoes  are   long-time  Hilton  Head   Island   residents  who   love  nothing  better   than  helping  people  discover   all   the  things  this  area  offers.    Their  professionalism,  area  knowledge  and  helpfulness  will  get  your  home  sold  fast...and  they  are  looking  for  listings.

THESE  4  LACOE  TEAM  LISTINGS   SOLD IN LAST 30 DAYS

The  market  is  strong,  rates  are  low  and  buyers  are  back.  The  timing  has  never  been  better  if  you’re  thinking  about  upgrading  to  your  dream  home  or  downsizing  your  residence.  Call  us  today  and  we  will  help  you  sell  your  home!