BJ Conner's Monthly Newsletter
December 2018  

 

December is a magical time of year in Hot Springs Village. The community calendar is full of fun and entertaining events to boost your holiday spirit.

Many people visit Hot Springs Village during the holiday season. My newsletter goes out to over 1,200 prospective buyers, some of which may be interested in your home.

Remember, I am here to help with all of your real estate needs.

Just give me a call at 501-915-2297 or email me at  bjconner@remax.net.

BJ





Further Proof It's NOT 2008 All Over Again

Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market.

However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced in 2008. Today, let's look at one set of statistics that prove the current market is nothing like the one that preceded the housing crash last decade.

The previous bubble was partially caused by unhealthy levels of mortgage debt. New purchasers were putting down the minimum down payment, resulting in them having little if any equity in their homes.

Existing homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their home) so they walked away which caused prices to fall even further. When this happened, even more homeowners found themselves in negative equity situations which caused them to walk away as well, and so a vicious cycle formed.

Today, the equity situation is totally different. According to a new report from ATTOM Data Solutions more than 1-in-4 homes with a mortgage have at least 50% equity. The report explains:

"...nearly 14.5 million U.S. properties were equity rich - where the combined estimated amount of loans secured by the property was 50 percent or less of the property's estimated market value...The 14.5 million equity rich properties in Q3 2018 represented 25.7 percent of all properties with a mortgage."

In addition, according to the U.S. Census Bureau, 30.3% of homes in the country have no mortgage on them.


Almost 50% of all homes have at least 50% equity.

If we take both numbers, the 30.3% of all homes without a mortgage and the 17.9% with at least 50% equity (25.7% of the 69.3% of homes with a mortgage), we realize that 48.2% of all homes in the country have at least 50% equity.

Bottom Line
Unlike 2008, almost half of the homeowners in the country are sitting on massive amounts of home equity. They will not be walking away from their homes if the housing market begins to soften.
RE /MAX of Hot Springs Village 
presents...

North America's Largest Gated Community! Our mild winter provides out door adventure of all kinds from nature trails to year-round golfing, mountain biking, rock climbing,
hunting, fishing as well as indoor fun from concerts to theater, beer tasting, elegant dining, shopping and more. Our hope is that you'll use this
magazine as a resource to learn more about Hot Springs Village and the beautiful Ouachita Region of Central Arkansas.

Click on the image to begin your Ouachita Adventure. Stop by our office to pick up a copy today.
Community Events

Friends and neighbors get together throughout the year for community events and holiday celebrations including dances, karaoke, Rock Porch sessions, Farm-to-Table events, and more. The Woodlands Auditorium is the performing arts center and has musicals, dramas, and dance, vocal and choral presentations. Way Point at DeSoto Marina is home to Basecamp and the setting for events such as Rock Porch sessions, Crawfish boils and more. Grove Park is an outdoor venue and home to the farmers' market, artisan market, live outdoor concerts, holiday celebrations and community events. 
 
Check out the event calendar or buy tickets by clicking the image. 
Hot Springs Village Real Estate - RE/MAX of HSV
Hot Springs Village Real Estate
 RE/MAX of HSV
Dec 2018 - Jan 2018
Hot Springs Village Homes Magazine The RE /MAX Collection

Click the magazine picture to view the latest Hot Springs Village Homes Magazine.
 
The Ouachita Mountain area's natural beauty: Breathtaking vistas, blossoming forest and gleaming lakes, combined with its mild climate, reasonable property taxes and low cost of living make it the perfect place to call home. 
 
Available real estate spans from very affordable to affluent, with homes priced from under $100,000 to over $1 million. The variety of homes ranges from golf-front to lake-front, mountain-view or wooded. RE/MAX offers an assortment of quality property lots for sale, commercial real estate and long-term rental properties too. 
 

Check out my
Featured Listings for this month below
Email to schedule a private tour or learn more about these great properties.
MLS # 18035284

3 Bd., 2.5 Ba.,  1,984 Sq. ft.

$189,900
New Listing!!!
 
3 Gandesa Way  

You will enjoy this elegantly updated Cooper Built Home on the Balboa Golf Course #2 Tee Box with its natural light, lovely hard wood floors, designer tile flooring, 2.5 Baths, Volume Ceilings, Garden Window stained glass, granite countertops, stainless steel appliances and wonderful plantation shutters and updated bathrooms with heavy glass doors. Enjoy Carefree living with this lovely updated home.

MLS # 18012478

3 Bd., 3 Ba.,  3,877 Sq. ft.

 $370,000
31 Empinado Way

New, New & New! If you are ready to just move in & enjoy Lake Cortez without a care in the world, this is the home for you. Located on a .77 Acre lot with 113' of Water Front. The tile floored sunroom will be one of your favorite spots. This home has ALL NEW windows, doors, fixtures, paint, carpeting & beautiful new oak floors. Newer Roof, & Low Maintenance vinyl exterior plus low maintenance landscaping complete this carefree home with open floor plan, and lower level game room, and media room. Come See!


Link to Listing
MLS #  18028193

3 Bd., 2 Ba.,  2,731 Sq. ft.

 $329,900
29 Diamante Blvd

Picture YOU & your family enjoying the lovely tiled heated & cooled sunroom over looking the #3 Tee Box of the beautiful Diamante Country Club with unlimited golf, driving range & pool. This all brick custom beauty built by Geompeletti has been meticulously cared for including newer HVAC, roof, water heater, generator, gutters, carpet, & offers volume ceilings, circular drive, water feature, sky lights, oversized 2-Car Garage. Currently dues are approximately $550/mo-$1000 Transfer Fee, Gold Membership.

Link to Listing
MLS #  18026061

3 Bd., 3 Ba., 2,440  Sq. ft. 

$159,900
85 Almazan Way

Life's Simple Pleasures are offered here with this spacious two story home. The floor plan incorporates two bedrooms, & two baths on the main floor, with a cleverly concealed laundry, & spacious living/dining area with a lovely corner wood burning fireplace. Two pantries provide plenty of storage, while NEWER laminate floors, solid surface counter tops, tile baths and HVAC provide carefree living & a warm sense of community with only moments to shops, restaurants & the most popular fitness center.

MLS #  18014926

2 Bd., 2 Ba., 1,800  Sq. ft.

 $129,900
31 Alicante Road

You will fall in love with this charming, light & bright Bungalow situated in the middle of Hot Springs Village-gated community! The second floor offers one bedroom & bath, plus game room or could be third bedroom, This one-owner home has an open floor plan, new roof in 2017, HVAC in 2000, a two-car carport & a storage shed, The balcony stairway overlooks the great room, & ceramic tile countertops, ceramic tile in the bathrooms, ceramic tile floors & vinyl exterior complete this low maintenance home.

Community Calendar

Check out the Hot Springs Village Community Calendar (click on the image)  
Outdoor Adventure

Hot Springs Village Basecamp is your launching point to outdoor adventure. 
 
If you enjoy life outside, you'll want to be part of Basecamp. Keep an eye on the calendar and Facebook announcing upcoming events, local activities and road trips. Then, grab your gear and get ready to enjoy the great outdoors!
Mortgage Calculator

There are two types of mortgages popular in Arkansas. Fixed-rate mortgages, or FRMs, are those that include principle and interest in the monthly payment amount and are stable throughout the life of the loan, and adjustable-rate mortgages, or ARMs, are loans that include principle and interest that change periodically throughout the life of the loan. Both FRMs and ARMs are available in 10, 15, 20, 30, and even some 40 year increments, and can be either first mortgages, second mortgages, or refinance options.
 
Click on the image above to connect to the Mortgage Calculator and learn more about mortgages in Arkansas.
State Weeks

The Hot Springs Village State Weeks promotion allows guests from across the country to enjoy our amenities at reduced rates during their state week. 

While here, discover all that Hot Springs Village has to offer; schedule a community tour with me!

Check out the State Week calendar by clicking the USA image.

remax

Visit our RE/MAX of Hot Springs Village office conveniently located at
1400 DeSoto Boulevard
on the corner of Desoto Blvd. & Ponce de Leon Drive.
 
***FREE***
Village Information
 Cup of STARBUCKS!  


Recipe of the Month
  Triple Ginger Souffle
  
 
Ingredients
6 tbls. unsalted butter, plus more for greasing, at room temperature
1/2 cup plus 3 tablespoons sugar
1/3 cup all-purpose flour
1 cup whole milk, at room temperature
1/2 cup whipping cream
1 tbls. ground ginger
6 large eggs, separated, at room temperature
1/3 cup finely chopped crystallized ginger
One 2-inch piece fresh ginger, peeled and finely grated
1/8 tsp cream of tartar
Edible gold dust (available in gourmet and speciality food stores)
 
Directions
Special equipment: 6- or 8-cup souffle dish
 
Place an oven rack in the lower third of the oven. Preheat the oven to 450 degrees F. Butter the souffle dish. Grease the bottom and sides of the dish with butter and then coat with 3 tablespoons of the sugar.
 
In a medium heavy saucepan melt 6 tablespoons of the butter over medium heat until foamy. Whisk in the flour and cook for 1 minute. Gradually whisk in the milk, cream and ground ginger. Cook, whisking constantly, until thick and smooth, about 2 minutes. Pour the milk mixture into a large bowl. Stir in the remaining 1/2 cup of sugar. Add the egg yolks, one at a time, whisking well after each addition. Stir in the crystalized and fresh ginger.
 
In a stand mixer fitted with a whisk attachment, beat the egg whites and cream of tartar until the mixture forms stiff peaks, about 2 minutes. Using a large spatula, fold the egg white mixture into the milk mixture. Pour the batter into the prepared dish. Place the dish on a rimmed baking sheet and bake, without opening the door, until puffed and golden, 20 to 25 minutes.
 
Using a pastry brush, brush the top of the souffle with edible gold dust and serve immediately.
BJ Conner Associate Broker GRI, RCC |  RE/MAX of Hot Springs Village
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