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Russie Weidl
REALTOR®, PA, GRI, ASP, REOS, CDPE
7015 County Road 46A
Lake Mary, FL 32746
Phone: 407-721-8822
russie@watsonrealtycorp.com

Russie Weidl, REALTOR®, PA, GRI, ASP, REOS, CDPE is a Graduate of the Real Estate Institute. Russie currently works for Watson Realty Corporation in Lake Mary Florida. She is also an Accredited Staging Professional (ASP), Real Estate Owned Specialist (REOS) and a Certified Distressed Property Expert (CDPE). Russie has been the recipient of many awards throughout the years for excellence in her profession. Russie received The Gold Pinnacle Award every year for the last 11 years. It is given to Realtors of Watson Realty Corporation who achieve $10 million to $25 million in sales.  In 2016, Russie achieved over $21+ Million in residential sales.

For the eleventh year in a row she was recently awarded the FIVE STAR Best in Client Satisfaction Real Estate Agent in Lake Mary, Florida, and named one of the Top Hot 100 Real Estate Professionals in Orlando, Florida.

Buyers: Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.
Sellers: If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

 

 

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Real Estate News!!!

Latest Realty News from NAR

Home Buyer Households: Valentine’s Day 2019

Using data from the 2018 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices.

  • Among all recent home buyers, 63 percent were married couples, 18 percent were single females, nine percent were single males, and eight percent were unmarried couples.
  • Four percent of recent buyers identified as gay or lesbian, and one percent identified as bisexual.
  • Among first-time buyers, 54 percent were married couples, and 67 percent of repeat buyers were married couples.
  • Among first-time buyers, 16 percent were unmarried couples, and five percent of repeat buyers were married couples.
  • Among all home buyers, 82 percent purchased a detached single-family home, eight percent purchased a townhouse/row house, four percent purchased an apartment or condo.
  • Eighty-seven percent of married couples, and 83 percent of unmarried couples purchased a detached single-family home.
  • Married couples were typically 45 years old with a household income of $106,300. They typically purchased a home that was a median of 2,070 sq. ft., for $289,000.
  • Unmarried couples were typically 34 years old with a household income of $88,800. They typically purchased a home that was a median of 1,630 sq. ft., for $219,000.
  • Single females were typically 54 years old with a household income of $61,400. They typically purchased a home that was a median of 1,550 sq. ft., for $189,000.
  • Single males were typically 52 years old with a household income of $73,200. They typically purchased homes that were a median of 1,590 sq. ft., for $215,000.
  • Fifteen percent of all buyers were influenced to choose their neighborhood based on the convenience to a vet or outdoor space for their pet. 20 percent of unmarried couples chose their neighborhood based on the convenience to a vet or outdoor space for their pet.

For more information on how relationship status and household composition affects homeownership choices, check out the 2018 Profile of Home Buyers and Sellers and the Valentine’s Day infographic.

December 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates were unchanged from last month at 4.99 percent this December, and up 18.2 percent compared to 4.22 percent a year ago.

  • Housing affordability declined from a year ago in December moving the index down 8.4 percent from 161.2 to 147.6. The median sales price for a single family home sold in December in the US was $256,400 up 3.4 percent from a year ago.
  • Nationally, mortgage rates were up 77 basis point from one year ago (one percentage point equals 100 basis points).
  • The payment as a percentage of income was down from last month at 16.9 percent this December and up from 15.5 percent from a year ago. Regionally, the West has the highest payment at 23.4 percent of income. The South had the second highest payment at 16.7 percent followed by the Northeast at 16.5 percent. The Midwest had the lowest payment as a percentage of income at 13.1 percent.

  • Regionally, the Northeast recorded the biggest increase in home prices at 9.2 percent. The South had an increase of 2.7 percent while the West had a gain of 2.3 percent. The Midwest had a modest decline in price of 0.1 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 14.3 percent. The South had a decline of 8.2 percent followed by the Midwest that fell 5.8 percent. The West had the smallest drop of 5.6 percent.
  • On a monthly basis, affordability is up from last month in all of the four regions. The Midwest region had the biggest increase of 4.7 percent. The Northeast had a decline of 3.1 percent followed by the West with a dip of 2.3 percent. The South had the smallest gain in affordability of 0.3 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 191.5. The least affordable region remained the West where the index was 106.9. For comparison, the index was 149.3 in the South, and 151.8 in the Northeast.

  • Mortgage applications are currently down while credit availability is up. Home prices are up 3.4 percent while median family incomes are growing 3.6 percent. Sales declined this year due to affordability issues, which has been more impactful than a healthy job market. Gains in affordability in all four regions are a good sign in the current market. Rate changes have an impact on the housing sector so small hikes can influence the effect on finances for potential homebuyers.

  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

December 2018 Pending Home Sales

  • NAR released a summary of pending home sales data showing that December’s pending home sales pace was down 2.2 percent last month and fell 9.8 percent from a year ago.
  • Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data by 1 to 2 months.
  • All four regions showed declines from a year ago. The South had the biggest drop in sales of 13.5 percent. The West fell 10.8 percent followed by the Midwest with a decline of 7.2 percent. The Northeast had the smallest dip in sales of 2.5 percent.
  • From last month, three of the four regions showed declines in contract signings. The South region had the biggest drop of 5.0 percent. The Northeast fell 2.0 percent followed by the Midwest with a dip of 0.6 percent. The only region with an incline in contract signings was the West, which had a gain of 1.7 percent.
  • The U.S. pending home sales index level for the month was 99.0. November’s data was revised up to 101.2.

  • December’s decline was the the pending index’s first drop below the 100 mark after 55 consecutive months over the 100 level.
  • The 100 level is based on a 2001 benchmark and is consistent with a healthy market and existing home sales above the 5 million mark.

Testimonials Page

Sep 16, 2018 Very knowledgeable agent. Works hard from day one of getting the listing. Professional, punctual and always available to answer any and all questions I had.I highly recommend Russie. User06023026
September 3, 2018 After researching many Real Estate Agents we were pleasantly surprised that Russie Weidl had time to help us find a new home. We were relocating from New York so there were a lot of details to take . swat28mw
September 2, 2018 This was the first time I had utilized Russie but I was not disappointed. Russie was very professional; Very knowledgeable of her market and so easy to work with. I will definitely use her again Steves1001
July 5, 2017 Russie had her work cut out for her on this one, little did she know. We were under contract within 3 weeks of listing, but that fell through due to financing, then had 2 more contracts that fell through. The 4th time was the charm. She worked with us on our strategy throughout the process and was very receptive to our requests. She is very responsive, and we stayed in close contact the whole time, through to closing. We enjoyed working with Russie! Crystal Hanley
June 30, 2017 We encountered a very challenging situation in selling our Mother's home. Russie handled the situation very professionally and the house sold relatively quickly. It was Russie's exceptional experience and know how that made the difference. We feel very comfortable in recommending Russie as a realtor to anyone interested in selling or buying a home. Paul Ingwalson
June 29, 2017 Russie helped me sell my house and buy my new property. It was a long involved deal which required much patience and experience. Russie helped me every step of the way. Including preparing my home for sale and how to handle a difficult seller on the other end of the deal. I highly recommend her. Philip W
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ASP - Accredited Staging ProfessionalGRI - Graduate, REALTOR® InstituteMLS membershipREALTOR® certificationCertified Distressed Property ExpertREOSTop 100Gold Key Certification

Russie Weidl - Agent

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