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pricing: Barclay’s Take on the Housing Market????? - 04/13/10 05:53 AM
While I'm not sure what they had for lunch, but housing "experts" at Barclay’s Capital are convinced that the worst of the housing market decline is over. A look at the 4th quarter earnings documentation from 20 national and regional banks provided the data that led to Barclay’s conclusion.
The banks all seem to agree that the housing market has stabilized in all but a few parts of the country. The weakest areas where further declines may be seen are Arizona, Nevada and parts of Florida.
Housing still constitutes an area where troubled asset portfolios still trouble many banks, but the … (0 comments)
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pricing: Price Reductions Occurring in Listed Homes - 03/20/10 05:44 AM
Trulia reports price changes on listed homes. Of 50 large city markets tracked by Trulia 19% of listings showed price reductions as of March 1 with the average reduction at 11% of list price.
Milwaukee had the highest percent of listed homes with price reductions at 33%, while Fresno and San Jose, CA had the lowest number of price-reduced listings at 12%. The biggest month-to-month drop in price reductions was experienced in Charlotte, NC, where in January 29% of homes had price drops and in February 21% experienced reductions.
Home price reductions are expected to surge again with the approach of … (3 comments)
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pricing: When to pass on a listing - 10/25/06 08:28 PM
Every listing can be a new adventure. It can add to your production and, it has the potential to drive you straight up a tree, financially and otherwise. We are still in a transition market in Northern VA and, many neighborhood prices have not yet finished adjusting to reflect a more competitive list price. Some of the sellers truly amaze me with the amount of time and effort they have spent on Zillow and related sites until they find, what they feel is the “perfect” comp to support the ridiculous price they want to start at. Half the time the comp … (0 comments)
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Dave Rosenmarkle
Arlington,
VA
More about me…
Highland Realty
Address: 5317 Lee Highway, Arlington, VA, 22207
Office Phone: (703) 538-2566
Cell Phone: (703) 517-2748
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