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4 Fundamentals of Selling a Home Today
Here are four things sellers should understand about today’s market to make their homes as saleable as possible: Time and time again, we find that real estate pricing is very local. That means real estate professionals and homeowners need to closely examine comparables. We have to see what nearby properties have sold for in the...Continue reading→
Fed to Keep Rates Low, But for How Much Longer?
The Federal Reserve’s policy-making committee announced it will continue to hold down short-term interest rates, which in turn will help keep mortgage rates low. But there is question of how much longer the central bank will do this. The Fed said it will continue to buy $85 billion a month in Treasuries and mortgage-backed securities,...Continue reading→
Buyer Demand Soars, But Where Are the Houses?
Buyer demand is rapidly rising, but the housing market is realizing they may not have the inventory to meet it. “The housing turnaround seems to have caught almost everyone in the business by surprise,” The New York Times reports. “As desirable as the long-awaited improvement may be, the unusually low level of homes for sale...Continue reading→
Who’s Buying and Selling?
The median time on market for all homes was 74 days in February, which is 24 percent below 97 days in February 2012. Short sales were on the market for a median of 101 days, while foreclosures typically sold in 52 days and non-distressed homes took 77 days. One out of three homes sold in...Continue reading→
Existing-Home Sales and Prices Continue to Rise
February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of REALTORS®. Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums...Continue reading→
Homebuilding Soars to Highest Level in 4 Years
Housing starts surged in February as well as future permits for future construction to the highest levels since 2008 -- a sign that the new-home market is picking up steam just in time for the spring buying season, the Commerce Department reported Tuesday. Overall housing starts rose 0.8 percent in February to a 917,000 annual...Continue reading→
What is a “flash sale”?
Some housing markets are heating up so much that homes are selling in less than 24 hours—also known as a “flash sale.” I recently had a client that was caught in a torrent of flash sales. She put in offers on several homes that were sold in one day at prices that equaled or exceeded...Continue reading→
1.7 Million Home Owners Regain Equity in 2012
Rising home prices have helped more home owners make their way above water again, with 1.7 million residential properties regaining equity in 2012, according to the latest figures from CoreLogic. The number of mortgaged home owners with equity now stands at 38.1 million. More home owners are expected to soon join them: About 1.8 million...Continue reading→
2013 Home Buying Season Kicks Off Early
Home prices are rising, the number of homes for-sale is showing a slight increase, and homes are selling faster—all signs that spring is in the air in real estate, according to the latest MLS data released by Realtor.com®. Nationwide, median list prices continue to tick up, reaching $189,900 in February. Inventories last month increased 1.15...Continue reading→
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