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Median Home Prices - 07/19/12 08:21 AM
The median price of an existing single family home rose in June to the highest level since almost four years, the fifth straight month-month gain, the National Association of Realtors (NAR) reported Thursday.. The median price was up 7.9 percent from June 2011. Existing home sales dropped to 4.37 million in June to the lowest level since last October, the NAR said. It was the fourth drop in the last five months. Economists had expected the sales pace to increase to 4.65 million from 4.62 million in May. Despite the month-month decline, existing home sales continue a steady, longer-term increase. Sales (0 comments)
July 2012 Market Update - 07/14/12 03:24 AM
The national housing market continues to recover, evidenced by a balanced supply of inventory as well as improvements in home prices and the number of homes sold. The median home price increased again this month from last month, reaching $182,000 compared to $155,600 just three months ago, a 17.4% increase. Recently, a growing trend facing certain regions is tremendous inventory shortages. NAR President Moe Veissi advises buyers in markets with limited supply who are seeing multiple bidding and competition between first-time buyers and cash investors that, “It’s extremely important [for buyers] to listen to the advice of your agent and perform (1 comments)
Buying a Foreclosure - 07/14/12 03:22 AM
Buying a Foreclosure Foreclosed and foreclosing properties dominate many of today’s U.S. real estate markets—more than four years after the sharpest observers saw the market shift coming, and more than two years after the reality hit home for millions of American home owners. The recent Keller Williams Distressed Property Buying Survey unearthed great information about where the opportunities are, how big they are, and how smart, capable buyers are leveraging the current market. First-time home buyers make up almost half of all buyers of bank-owned foreclosures and soon-to-be foreclosed short sale properties. They’re followed closely by investors seeking rental properties, (2 comments)
Stage to Sell! - 07/06/12 10:01 AM
Stage It, Sell It, Profit! Turn on any popular home network on cable TV and you’ll find a program on staging.
Re-arrange your furniture, pick a soothing color palette, clear out the family photos, and your home will sell faster, and for more money. Sound too frou-frou to be true?It’s not! The soft and decorative side of staging is backed by hard facts Real estate agents like great-looking homes because they are easier to sell. Why is that important? An agent’s job is to please their clients, and they will direct their buyers to the homes they think they (2 comments)
Short Sale Selling - 07/06/12 09:48 AM
Do You Know a Homeowner Facing Foreclosure? Here’s A Way Out. Headlines today are filled with stories about homeowners in financial distress—people who face a lender’s foreclosure on their home. Millions of American home owners are wondering what to do. Like most crises, this one has produced its share of rumors and misinformation. One of the biggest ones is “just let it happen." Why fight back, this line of thinking goes. It’s too emotionally draining, and the government’s loan modifications aren’t helping many people. Well, that’s only partly true. While government loan modification programs have fallen short of the mark (0 comments)
Selling Your Home? - 07/06/12 03:36 AM
Getting the Best Value for Your Home - Pricing Your Home to Sell Getting ready to get into the real-estate market? Most sellers today are nervous and unsure. They wonder: is taking a loss on our house inevitable? The answer is no! A strategic sales plan, coupled with a smart buy in your new location will ensure that you recoup the maximum value for your home. Your Strategic Sales Plan Consult with an expert, local real estate agent to ensure your house is priced competitively and well-staged. Why? Because while there are always three factors to getting a home sold—location, price, and condition—only (0 comments)
Buying a Foreclosure? - 07/06/12 03:34 AM
Buying a Foreclosure Foreclosed and foreclosing properties dominate many of today’s U.S. real estate markets—more than four years after the sharpest observers saw the market shift coming, and more than two years after the reality hit home for millions of American home owners. The recent Keller Williams Distressed Property Buying Survey unearthed great information about where the opportunities are, how big they are, and how smart, capable buyers are leveraging the current market. First-time home buyers make up almost half of all buyers of bank-owned foreclosures and soon-to-be foreclosed short sale properties. They’re followed closely by investors seeking rental properties, and (1 comments)
Your Victory on the NFIP Reauthorization - 07/06/12 03:30 AM
Court Side: The Great Promise—and Limits—of the Supreme Court’s Sackett Decision Your Victory on the NFIP Reauthorization On July 5, 2012, in Breaking News, Law & Policy, by Stacey Moncrieff More Sharing ServicesShare|Share on facebookShare on google_plusone_shareShare on googleShare on twitter A message from NAR President Moe Veissi: YOU DID IT! Late last week Congress finally acted on one of your key legislative priorities, a five-year reauthorization of the National Flood Insurance Program (NFIP). Even better news, we just received word that the president is expected to sign it into law tomorrow, Friday, July 6, 2012. All the D.C. pundits said nothing would be (1 comments)
Property Rights - 07/05/12 05:20 AM
Harvard: Home Sales Finally Poised to Improve Court Side: The Great Promise—and Limits—of the Supreme Court’s Sackett Decision On July 2, 2012, in NAR, Politics & Government, by Stacey Moncrieff More Sharing ServicesShare|Share on google_plusone_shareShare on facebookShare on googleShare on twitter The magazine’s April 19 legal webinar with National Association of Realtors® attorneys Ralph Holmen and Finley Maxson made a good jumping off point for a series of blog posts. In previous posts, I discussed the RESPA case, Freeman v. Quicken Loans (recently decided by the Supreme Court in favor of NAR’s position; see “Supreme Court Provides Clarity on Brokerages’ Administrative Fees”) and the Fair Housing case Gallagher (1 comments)
Walkable spaces can be worth the effort! - 07/05/12 05:17 AM
Walkable Areas Fetch Higher Home Prices On July 2, 2012, in Home Trends, by Melissa Tracey More Sharing ServicesShare|Share on google_plusone_shareShare on facebookShare on googleShare on twitter By Melissa Dittmann Tracey, REALTOR® Magazine More home shoppers say they want to live where there is walkable space, and they’re willing to pay extra for it. A new study by the Brookings Institution found that the more walkable an area is, the higher the real estate values and rents are there. Researchers used Washington, D.C., for testing the walkability impact on home values. They found that “every step up the walkability ladder, the price per square (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.