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Stephenie Wright reviews

Stephenie Wright - Agent with Alpha Omega Real Estate Services, Inc.

Alpha Omega Real Estate Services, Inc. BBB Business Review

10 BBB Customer Reviews

Welcome

Welcome to Alpha Omega Real Estate Services, Inc. the premier resource for all real estate information and services in Radcliff, Elizabethtown, Rineyville, Vine Grove, Hardin County and the surrounding areas. Whether you're selling or buying a home, or just thinking about it, you've found the right website.  We are the one and only real estate source you will need.  We will be with you and help during the entire real estate process, from beginning to end.  We hope you enjoy your visit and explore everything our real estate website has to offer, including real estate listings, information for home buyers and sellers, and rentals.

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 we will conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. We would love to help you with a FREE Market Analysis. We will use comparable sold and active listings to help you determine the accurate market value of your home.

Call Alpha Omega Real Estate Services today to schedule an appointment to have your rental properties managed by professionals.  Our office has over 40 years of combined property management experience.  We are a family owned real estate and property management business located in Radcliff, KY.  We service properties in Radcliff, Elizabethtown, Rineyville, Vine Grove, Hardin County and surrounding counties.  We treat your property as if it were our own, with accurate accounting, due diligence and professionalism.  We are members of the Hardin County Chamber of Commerce, Radcliff Small Business Alliance, and Better Business Bureau.  We advertise your vacancies on several websites such as Trulia, Zillow, Hotpads as well as our own website.  We have an average of 95% occupancy rate and help to make your rental property profitable.  Call us today and speak with Douglas Wright to see how we can help turn your “headache” of managing your rental into a less stressful experience.

 

 
 

Real Estate News!!!

Latest Realty News from NAR

Workforce Migration and Affordability: A Closer Look

The workforce is moving to less affordable areas.

– In the last 12 months, more than 1.7 million LinkedIn members who lived in the 20 largest metropolitan areas moved from a more affordable place to a less affordable place.

– Denver, San Francisco and Seattle were the top destinations for LinkedIn members.

Although housing affordability is still weakening in many local areas, particularly in the West, as a result of the ongoing supply and demand imbalances, a NAR analysis shows that many workers are actually moving to less affordable areas such as San Francisco and Seattle. According to LinkedIn migration data[1], more than 1.7 million LinkedIn members[2] moved to a less affordable area in the last 12 months. In 13 of the largest 20 areas, a majority of the workforce moved from a less expensive place to a more expensive place.

For instance, the San Francisco area was the most popular destination for workers moving from Detroit. More than 36,000 LinkedIn members from Detroit moved to the San Francisco area in the last 12 months. Based on the REALTORS® Affordability Distribution Curve and Score (RADCS), the affordability score for Detroit was 0.95 in September 2018 while the affordability score for the San Francisco area was 0.48. But what does this mean? The higher the score, the more affordable the area is. For example, a household earning $100,000 in Detroit can afford to buy 72% of homes currently listed for sale while the same household can afford to buy only 8% of homes for sale in San Francisco area.

San Francisco was also the top destination for workers from Philadelphia. Although Philadelphia is more affordable than San Francisco, nearly 27,000 LinkedIn members moved from Philadelphia to San Francisco in the last 12 months. The visualization below allows you to compare the affordability of the area of origin with the affordability of the destination area. Among the 20 largest areas, see in which areas workers decided to move to a less affordable place. Please bear in mind that the higher the score, the more affordable the area is.

While people in general are moving less these days, we also see that fewer people move for an employment-related reason. However, due to a strong economy, it seems that people get better jobs and decide to move to the most attractive areas across the United States.  The good news is that new construction is increasing even in areas with serious housing supply issues. For example, the three-year issuance of single-family permits increased 2 percent in the San Francisco metro area. Based on the NAR Housing Shortage Tracker, when we compare permit issuance with employment growth, we see that in November 2018 a single-family permit was issued for every 12 new jobs compared to 15 jobs in November 2017.


[1] LinkedIn Workforce Report (October 2018).

[2] From the 20 largest areas as far as LinkedIn membership.

In Which States Did Properties Sell Quickly in September 2018?

In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 32 days (34 days on year ago), according to the  September 2018 REALTORS® Confidence Index Survey.[1]  However, the difference in median days in the current month compared to the same month last year has started to narrow as homebuying demand has eased and the inventory of homes for sale has slightly increased. In January and February of this year, properties were selling about one week less compared to the length of time in the same period one year ago.

During the July–September 2018, properties typically sold within one month in 27 states (32 states in August 2018).  Properties sold most quickly in South Dakota (20 days), Idaho (21), Washington (21 days), Rhode Island (21 days), Indianapolis (22 days), Kansas (23), Massachusetts (23), Ohio (23), Utah (23), Colorado (24), Nevada (24), Nebraska (24), Maine (24), and Michigan (24).  

That properties are still selling faster compared to one year ago is an indication that the supply of homes for sale is still inadequate compared to the demand for homes. Based on the REALTORS® Seller Traffic Index[2], home selling conditions were “weak” during July, August, and September 2018 compared to one year ago in the District of Columbia and in 28 states including California, Oregon, Colorado, New York, New Jersey, Massachusetts, Virginia, North Carolina, South Carolina, Georgia, Tennessee, and Florida.

 


[1] In generating the median days on market at the state level, NAR uses data for the last three surveys to have close to 30 observations. Small states such as AK, ND, SD, MT, VT, WY, WV, DE, and D.C., may have fewer than 30 observations.

[2] An index greater than 50 means that more respondents reported conditions relative to one year ago as “strong” than those that reported “weak.” Due to sampling, we categorize the index as “very weak” for 0 to 25; “weak” for values 25+ to 45; “stable” for values 45+ to 55; “strong” for values 55+ to 75; and “very strong” for values 75+.

September 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.77 percent this September, up 14.9 percent compared to 4.15 percent a year ago.

  • Housing affordability declined from a year ago in September moving the index down 8.4 percent from 160.1 to 146.7. The median sales price for a single family home sold in September in the US was $260,500 up 4.6 percent from a year ago.
  • Nationally, mortgage rates were up 62 basis point from one year ago (one percentage point equals 100 basis points).

  • The payment as a percentage of income was down to 17 percent this September but up from 15.6 percent from a year ago. Regionally, the West has the highest payment at 23.7 percent of income. The South had the second highest payment at 16.5 percent followed by the Northeast at 16.4 percent. The Midwest had the lowest payment as a percentage of income at 13.5 percent.

  • Regionally, the West recorded the biggest increase in home prices at 7.0 percent. The Northeast had an increase of 5.3 percent while the South had a gain of 4.2 percent. The Midwest had the smallest growth in price of 2.2 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 9.0 percent. The South had a decline of 7.3 percent followed by the West that fell 6.8 percent. The Midwest had the smallest drop of 5.8 percent.
  • On a monthly basis, affordability is up from last month in all of the four regions. The Northeast had biggest gain of 5.5 percent. The Midwest had an incline of 4.2 percent followed by the South with an increase of 2.3 percent. The West had the smallest gain in affordability of 1.9 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 185.3. The least affordable region remained the West where the index was 105.4. For comparison, the index was 151.4 in the South, and 152.3 in the Northeast.

  • Mortgage applications are currently down. Mortgage rates are rising and home price growth is starting to slow down. Despite higher mortgage rates, lower home prices and increases inventory levels will help renters and potential home buyers enter the housing market. Home prices are up 4.6 percent outpacing median family incomes that are growing 3.1 percent.
  • 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.

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Testimonials Page

Stephenie and Doug were great help in our search for a new home. They got us a great deal, and really looked out for us. With her experience, she knew what was needed which helped smooth the process. Her support goes beyond just the purchase of a house. There is so much more to buying/owning a house, and it's nice to know you have a friend to assist you. J.L. & K.L.
Doug Wright with Alpha Omega Real Estate is an outstanding professional and one of the best agents I've ever worked with. We had a bit of an unusual situation, our goal was to buy a property sight unseen from overseas before moving to Kentucky. Doug took it all in stride and did what needed to be done to make sure that we were buying the right house and would be happy with how it turned out; after the sale I am happy to say the sale experience and the property exceed our expectations. I own multiple investment properties in various metro areas in Texas as well as Kentucky and I have unfortunately learned the hard way that good real estate agents are very difficult to find. Out of dozens of agents I've tried to work with Doug stands out as performing at the absolute highest level of professionalism and effectiveness, particularly in his communication which may be perhaps the most important trait in an agent. He truly went above and beyond, going the extra mile to meet people for deliveries unrelated to the sale of the house, scheduling repair work after closing, and checking in and having the yard maintained, etc all because we weren't scheduled to arrive in town until after closing. And the entire time I was receiving updates via email within 24 hours of any request I had or anything happening that I needed to know about, and usually much faster than that. It's clear that Doug knows his job and knows how to make his clients happy, and he has demonstrated superb knowledge and judgment with regards to making recommendations about all aspects of the home buying process, from suggesting insurance agents and title companies to contractors for rehab work, and on and on. I look forward to the opportunity to make use of his services again. M.G.
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