real estate market: "Existing Home Sales” data released by NAR
- 10/27/08 01:58 AM
WASHINGTON, October 24, 2008 Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops - rose 5.5 percent to a seasonally adjusted annual rate¹ of 5.18 million units in September from a level of 4.91 million in August, and are 1.4 percent higher than the 5.11 million-unit pace in September 2007. Lawrence Yun, NAR chief economist, said more markets are seeing year-over-year gains. "The sales turnaround which began in California several months ago is broadening now to Colorado, Kansas, Minnesota, Missouri and … (1 comments)
real estate market: New York Real Estate Market - a comparison
- 08/08/08 07:30 AM
Tompkins County Residential Real Estate Statistics: Comparison 2007 to 2008 From July 15th to July 31st, 2007, 91 listings closed. The average sales price was $216,757, and the average number of days on the market was 112. The median price was $189,900 and the median days on the market was 95. From July 15th to July 31st, 2008, 68 properties closed: The average sales price was $204,306 and the average number of days on the market was 128. The median price was $176,250 and the median number of days on the market was 106. HINT: To freshen a house for showing, … (0 comments)
real estate market: Ithaca NY Real Estate Market
- 01/03/08 03:25 AM
Something spectacular happened today... I opend up our local daily newspaper and found a positive real estate news story! This isn't really shocking news since I am immersed in real estate everyday and I am aware of what the market is doing, but it's shocking that they actually reported on it! There was no doom and gloom regurgitated into the story from the national media---- a reporter actually went out and interviewed four local real estate agencies.... RE/MAX In Motion, Coldwell Banker Shaw Real Estate, Warren Real Estate and Audrey Edelman/Realty USA... the top four real estate agencies I might add, to find out … (1 comments)
real estate market: Ithaca NY - 10 square miles...
- 08/09/07 06:23 AM
...surrounded by reality. I'm not making that up - it's a bumper sticker I saw. Just like the "Ithaca is Gorges" one and the "Ithaca is Cold". I bring this up because Ithaca is almost really in it's own little bubble, especially when it comes to Real Estate. It is impermeable to the 'national trends'. The market in this area is not down. It's simply shifting. Shifting to a buyers market. And prices have not bottomed out. Total sales volume compared to '06 is up. We speculate that Cornell University, Ithaca College and Borg Warner have something to do with the successful real estate market . They continue … (0 comments)
Professional Real Estate Agents who are licensed real estate Advisors serving the Finger Lakes Region of Central New York - Ithaca and Surrounding areas.
WASHINGTON, October 24, 2008
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