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 Eastern Panhandle WV Real Estate Blog 
Tuesday, 25 November 2014

We're already in the midst of a holiday week and before we know it, the winter season will be well underway. This week, West Virginia residents in the Eastern Panhandle can enjoy a Thanksgiving feast at the McFarland House in Martinsburg before heading straight into classic events like local tree lightings, caroling, visits with Santa and more.

Thanksgiving Feast at the McFarland House
November 27, 2014; 6 PM
The Historic McFarland House
Martinsburg, WV


Don't stress over your holiday meal this Thanksgiving— the McFarland House can take care of it! With staples like mashed potatoes, gravy, stuffing, sweet potatoes, pie and of course, turkey, your meal can still be the centerpiece and you can relax! The McFarland House Thanksgiving Feast Dinner is priced at $24.99/person and will be served at 6 PM, with pickup available at 12 Noon and 4 PM. 

Annual Christmas Tree Lighting
November 28, 2014; 6 PM
Town Square
Martinsburg, WV


A holiday classic! Don't miss it as Martinsburg kicks off Christmas with the annual tree lighting. Jefferson and Berkeley County residents can visit the town square for business open houses, music, goodie bags and visits with Santa!

Olde Town Hedgesville Christmas
December 5, 2014; 6 PM
Town Spring
Hedgesville, WV

Mayor Catlett will begin the town tree lighting complete with holiday caroling at the Town Spring. Attendees are asked to bring a non-perishable snack or new pair of mittens/gloves and a hat for the Berkeley County Back Pack Program.

44th Annual Harpers Ferry Olde Tyme Christmas
Each weekend; December 5-14, 2014
Harpers Ferry, WV


Take a step into "Christmas Past" as the quaintly decorated streets and homes come alive for the holidays. Festivities include: music, caroling, Santa, arts and crafts shows, storytelling and walks around the town to view the beautiful garlands, bows and twinkling lights.

Shepherdstown Christmas Parade
December 6, 2014; 11 AM
German Street
Shepherdstown, WV


We're thankful to live in such a great place as West Virginia's Eastern Panhandle and looking at the upcoming events for communities like Martinsburg, we have many opportunities to celebrate.

The Kable Team
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Posted by: Tracy Kable AT 10:25 am   |  Permalink   |  Email
Tuesday, 18 November 2014

The end of the year is upon us and as we're wrapping up 2014, real estate economists have already made their projections for the year ahead. Although in recent weeks they have dipped to historic lows, both homebuyers and sellers can expect higher mortgage rates to be a part of the new year package. On the other hand, it was housing prices that have been on the rise and in fact, you can expect a slow down as we round out 2014. 

Don't be discouraged about the changing real estate market in Shepherdstown, Charles Town, Ranson, Inwood, Falling Waters, Harpers Ferry, Martinsburg and HedgesvilleThe Kable Team is here to make the process of buying or selling a home as easy as possible. If you have prepared your finances and done your research, you can purchase a home in nearly any market. The same goes for home sellers, if your home is priced well and shows well, Jefferson County and Berkeley County homebuyers will take note.

Here's what you can expect from the real estate market in 2015:

Mortgage Rates
Interest rates will increase next year, despite recent dips below 4 percent. Next year may bring rates to an average of 4.6 percent and closer to 5 percent by the end of 2015.

Housing Prices
As we round out the year, home price appreciation will have slowed to 4.5 percent— a huge change given appreciation levels were around 9 percent last year. Next year, home price appreciation may drop to an average of 3 percent.

New Construction
New construction homes have been in higher demand as of late and with builder confidence up, homebuilding will increase in the new year. This increase in homebuilding will help total home sales reach their best sales pace in eight years, climbing by 5 percent.

A new year brings new conditions to the Eastern Panhandle real estate market, as well as for Eastern Panhandle homebuyers and sellers. We can help you start fresh! Contact The Kable Team today!

The Kable Team
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Posted by: Tracy Kable AT 09:31 am   |  Permalink   |  Email
Tuesday, 11 November 2014

In the past months, it was Eastern Panhandle homebuyers who were feeling the push to purchase a new property in Shepherdstown, Charles Town, Ranson, Inwood, Falling Waters, Harpers Ferry, Martinsburg and Hedgesville. But the tables have turned— now more home sellers are feeling optimistic about the current real estate market and ready to make a move.

According to Fannie Mae's October 2014 National Housing Survey, more homeowners are confident in the market, optimistic about home price appreciation and selling their homes.

Home prices are a major selling point for homeowners in Jefferson and Berkeley County in today's market, with the survey showing expectations rise significantly in this area. Also, the number of homeowners who believe now is a good time to sell reached a survey high this month.

"These results may help drive a healthier housing market in 2015," said Fannie Mae's chief economist. "The narrowing gap between home buying and home seling sentiment may foreshadow increased housing inventory levels and a better balance of housing supply and demand."

Other highlights of the survey include the following:

  • The number of consumers who expect their finances to get better rose to the highest level since the survey began.
  • Those who believe now is a good time to sell rose to 44 percent, a new survey high.
  • The average home price expectation for the next year rose to 2.8 percent. 44 percent of survey participants now believe home prices will rise within the next year.
  • 45 percent of participants believe their personal finances will improve over the next year.
  • 49 percent of participants expect home rental prices to rise.

The Kable Team has the industry expertise and local knowledge of West Virginia's Eastern Panhandle to help you achieve a successful home sale this year. Contact us today to discuss how you can get started before the winter season arrives!

The Kable Team
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Posted by: Tracy Kable AT 08:25 am   |  Permalink   |  Email
Tuesday, 04 November 2014

Over the past month, you've likely heard much about buying a home while mortgage rates are low. While that much is true, now is an opportune time to buy a home in Shepherdstown, Charles Town, Ranson, Inwood, Falling Waters, Harpers Ferry, Martinsburg and Hedgesville, there do still exist a few myths that could hold back West Virginia homebuyers.

As your local Eastern Panhandle real estate experts, we are here to help you debunk those myths and set you on the path to buying a home successfully. Consider the following if you're dreaming of buying a home in West Virginia this year— don't let these common real estate myths keep you away from the house of your dreams!

Myth: You can't afford to buy a home
One of the biggest misconceptions for homebuyers today is the amount necessary for a down payment. So many potential buyers shy away from the market simply because they do not believe they have enough saved for a new home. A new survey recently found that 44 percent of participants believed 20 percent down is required. However, there are mortgages available for as little as 5 percent down. 

Myth: Your credit isn't good enough
While it is always wise to groom your credit score before starting the homebuying process, you do not need the best credit score to purchase a home in Jefferson County or Berkeley County. Well over half of those in the aforementioned survey, as much as 64 percent, believed you need a "very good" credit score to qualify. The average credit score for closed loans has actually dropped over the past few years and you just might be more qualified than you think.

Myth: It's less expensive to rent
When considering making the switch from renting to homeownership, this may be your biggest concern. However, owning a home in Shepherdstown, Charles Town, Ranson, Inwood, Falling Waters, Harpers Ferry, Martinsburg and Hedgesville is less expensive than renting. On a national level, buying a home is 38 percent cheaper than renting.

Buying a home is on the minds of many residents in West Virginia's Eastern Panhandle this year and we can help! If you have questions, we're here to answer them. Contact us today!

The Kable Team
Kable Team Realty
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Posted by: Tracy Kable AT 04:42 pm   |  Permalink   |  Email
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KABLE Team Realty

Tracy Kable, Broker
873 E Washington St, Suite 200
Charles Town, WV 25414-1520
Phone: (304) 725-1918
Email: TheKableTeam@TheKableTeam.com

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