Mar 01
January Pending Home Sales Up in All Regions. Pending home sales rose in January, and have been above year-ago levels for the past 21 months, according to the National Association of REALTORS®. There were healthy monthly gains in all regions but the West, which, despite being constrained by limited inventory, still improved slightly. The …
Mar 01
Home Foreclosures Spark Crime, Report Says. As few as three Home Foreclosures on a block can lead to more crime in a neighborhood, according to a report by the New York University’s Furman Center for Real Estate & Urban Policy. Researchers evaluated the impact of Home Foreclosures filings and auctions in neighborhood blocks in New York. …
Feb 28
Asking/Selling Price Gap Closing A growing number of home owners are selling for an amount closer to their asking price, reports the Atlanta Journal-Constitution. Nationally, the average home sold for 98.3 percent of the sellers’ list price in December 2012, up from 97.1 percent in January 2011. Be sure your clients achieve the same …
Feb 28
Seller Shortage Plagues Many Housing Markets. The low inventory of for-sale homes is creating a seller’s market throughout the country. “Buyers and agents are literally waiting for the next house,” says Rick Turley, president of Coldwell Banker Residential Brokerage for the San Francisco Bay Area. The supply of existing homes for sale reached nearly …
Feb 27
Ivy League School Offers Free Homes Princeton University is offering free houses to the public, but they have to be able to haul the domiciles away. The homes—which have in the past been used as university offices or for other purposes—are all located south of campus on Alexander Street and have been made available …
Feb 27
60% of Single-Family Renters Plan to Buy Within 5 Years Renters of single-family homes are twenty-five percent more likely than apartment tenants to stay in their current homes fives years or longer, according to a new survey by Opinion Research Corporation. The finding suggests that “demand for single-family homes, the fastest growing rental category, …
Jan 11
Housing Recovery ‘Pushes Ahead’ As Prices Rise Housing prices are showing resiliency, posting their largest yearly gain in nearly two and a half years, according to Clear Capital’s Home Data Index Market Report, which covers housing data through December 2012. Year-over-year, home prices gained 4.9 percent nationwide, according to the report. For 2013, home …
Jan 11
4 Strategies for Selling in 2013 AOL Real Estate recently asked industry insiders to offer up their best way to get a home sold in the new year. Here are some of the tips they offered up: Don’t hide, flaunt: If the home has, say, an oddly large-sized garage compared to the house, don’t …
Jan 09
Zillow vs Appraiser 2013 Article by: January 7, 2013 by MCoyle & Phillyappraisalblog.com “Zillow told me that my home is worth…” Appraisers across the USA hear those words at least once a week from well-meaning homeowners. What many homeowners don’t realize is that Zillow, while a very useful tool, is …
Dec 31
Home Sales Jump to Fastest Pace in Years. New single-family home sales soared to its fastest pace in 2 1/2 years, jumping 4.4 percent over last month, as median prices also rose, the Commerce Department reported Thursday. The sales pace in November for new home sales was the highest since April 2010, the same time …
Dec 31
Force Behind the Rise in Home Prices? One of the main culprits driving the rise in home prices: The Federal Reserve, says Jonathan Miller, president and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm. At a time when unemployment is high, lending standards are tight, and the overall economy is still …
Dec 27
Survey: More Home Buyers Feel the Urgency Home buyers are feeling more confident that the housing market is in recovery mode and they’re realizing they better act soon if they want to take advantage of low mortgage rates and home prices before they rise more. Seventy percent of home buyers in 18 markets believe home prices …
