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Blog entries tagged with "prices":
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While many real estate professionals look to foreclosures as a source of business, another easier, more lucrative opportunity can be found from coast-to-coast.
The Housing Crisis Is Over
According to an article in the Wall Street Journal on May 6, 2008 by Cyril Moulle-Berteaux, "the housing market is bottoming right now." (Click here to read the article for yourself.)
FINALLY! 
Buyers Don't Blow your Chances of Getting a Bargain Price!
Eastover Real EstateWe here at The Gillman Real Estate Group continuously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Eastover real estate statistic for the 1st week of May.New homes on the market: 7Number of homes pending: 0Number … (0 comments)
I was doing a bit of cost analysis for my prcatice, to determine a rpojection fro the remainder of this year and out to the next three or four. I am a bit different in my projections, because I don't care for five year projections. Placing things out three to four … (4 comments)
I haven't gotten to the point where I am changing my driving habits yet due to higher gas prices. Have you? 
Looks like we're in the Spring market with force. Housing is beginning to move. Prices seem to have stabilized and maybe even moving upward slightly in aome markets, in contrast to the other parts of the country being off by 15%-20%. The name of the game is to get your property … (0 comments)
It has been said that everything in this life has a price. For real estate sales, let's call it the "Right price!" When things are priced correctly, all things are able to be sold. Equilibrium is the point in which the seller agrees to sell and a buyer agrees to buy. … (23 comments)
You may have heard the saying "it won't happen til pigs fly". This is usually used in reference to an impossible event. Well that is how I have been feeling in regarding the media and the real estate market. For weeks I have been listening to the experts on the Today … (21 comments)
First Quarter 2008 showed only small improvement in home prices and the number of SOLD homes was also down.
There's nothing like a trip to the Bay Area of California to put things back into perspective! My family and I went to visit relatives and friends the past few days. As we drove around the crowded highways it was a challenge to remain calm. You see I tend to notice things easily … (0 comments)
The Greenfield neighborhood is located in Centennial, Colorado. The area is very close to the Southlands shopping district and E470. Children living in the neighborhood attend excellent Cherry Creek Schools, including Rolling Hills Elementary, Falcon Creek Middle School and Grandview High School. The most recent real estate statistics for this area … (0 comments)
My last post asked," If we have reached the bottom yet?" Well today we had a young couple come into the office and they wanted to find out if they could afford a home! They spoke to our mortgage representative and they found out they were qualified up to $90,000. Oh … (10 comments)
The average Manhattan apartment price jumped 47% over the past year to a record $1,690,995 as a result of an increase in luxury sales. Apartments priced at over $10 million rose 318% from the first quarter in 2007. Closings at 15 Central Park West and the Plaza played a large role … (0 comments)
Escala, the $500,000 to $5million+ condo under construction at 4th and Virginia in Seattle is RAISING PRICES to attract buyers in a slow market. They announced the price hikes on units that have been for sale since spring will take effect on June 5th. It just may work to get … (2 comments)
The following article discusses some of the positive signs that have been happening across the country. In the Los Angeles area we have been getting quite a bit of traffic during our open houses. It appears that buyers are looking, they are just taking their time to find the perfect home. … (10 comments)
Here is a banner ad I will be displaying at a local car wash. It details the total active units, which ones are REO-Short Sales-Equity Sellers.
I was pulling some reports off of the MLS the other day. I compared prices of homes sold in the last six months to the asking price of expired listings of similar homes. 
The National Association of REALTORS released its Existing Home Sales report for March 2008. An "existing home" is one that is not considered new construction. A sub-headline in the report showed that the median sales price of all homes sold in March increased by 2.5 percent to $200,700.
We are planning to buy our first home and are leaning towards Bridgewater, NJ because of its proximity to major highways and good schools. We both consult so we don't know where our jobs will be in the coming years. Just want to know from those living in Bridgewater,NJ what the … (0 comments)
"Come to my web." said the spider to the fly. I know that I am asking for trouble writing about this mortgage crisis and for the first time, I am REALLY looking forward to input from as many people as possible.... Here's how I understand the mortgage crisis and why it directly … (5 comments)
Today's marketplace can be defined as a target rich environment for real estate investors. There are several good opportunities in the South Florida residential market, but which is the best investment? When will the prices hit the bottom? Should I buy now or should I wait?
Great Webinar! Keeping the price increase down!
How To Sell Your Home.Once you decide to sell your home, you want the process to go as quickly and smoothly as possible. Earning top money would be nice, too. So besides hanging a "For Sale" sign out front, what can you do to improve your chances of getting the sale … (0 comments)
Updated throughout the day Dr Phillips Homes for sale. It's still a buyers market but people are seeing value in Dr Phillips homes. Over the past two and half years home prices in Central Florida and the Dr Phillips community have been declining. Basic economics in supply and demand is gradual decreases … (0 comments)
Recently, the OP of my office shared this with me and I thought it was great.Many agents are lamenting about how bad the market is. Most people who were in business in 1998 will remember that it was a pretty good year. The National Association of Realtors is projecting that in … (2 comments)
Home Sales are booming in Lee county including,
Here is the sales activity for Muirwood Village in North Ridgeville, Ohio for the 1st quarter sales. Average List Price $103,520- 5 homes listedAverage Sold Price $99,500- 3 homes soldAverage Expired Price- $104,540- 5 expired listingsThere was a bit of a drop from the 4th quarter of 2007, but overall the market … (0 comments)
When you read about home price statistics, you often find the words: Median and Average. There's a BIG difference!!!
As long as I have been in Atlanta Real Estate, it's always been a buyer's market. Sure there were some streets and some neighborhoods that had a certain essence that people clamored for, but overall, as a buyer you could always expect concessions of some sort. 
Throughout my career, I've loved helping first time buyers find really great homes. And throughout the years, I've managed to locate many neighborhoods, sometimes off the beaten track, that provide great houses reasonably close to town, sometimes even in the District, that a first-timer can afford. 
I know many of you professionals are always on the road, showing houses, meeting clients, marketing, and networking. Unless you've been blessed with a set of wings, or live somewhere where mass transit is amazing, you're like me and you're driving everywhere. With the insane price of gas nowadays, it's nice … (0 comments)
Dave Gallagher is the business editor at The Bellingham Herald. He maintains a business blog for the Bellingham & Whatcom county business pulse.
Although it is very unfortunate that a lot of people have lost their homes in this market through foreclosures and short sales, this is the time when first time buyers should jump in and buy. Waiting too long might cost you to miss the boat again. Times like this don't come around … (3 comments)
How is your market doing? Here there are homes 40-60% below what they last sold for, with an end finally in sight. It appears once banks price these homes at such low prices, multiple buyers show up to write offers and to try and get them. And example would be a … (3 comments)
Just a friendly reminder that if you buy now you WILL save very soon! In May the postage stamp will increase another cent!Be smart... Buy the forever stamp now and save later.The U.S. Postal service will raise the price now and continue to review stamp prices every year thereafter. Another thought.... get that big mailing … (7 comments)
Financial lore says you should buy when there's blood in the street — which suggests real estate is a bargain, because there's blood all over the neighborhood right now. Time to invest? Now could spell opportunity for this year's buyers. But what if you already own a home — and … (1 comments)
I have just returned from my trip to Houston Texas. While I was there I saw a lot of Development going on and I felt right at home (kinda). The one thing that I noticed was that the home prices are significantly lower. Everyone there seem to have the hope of … (4 comments)
Today's View from a Queens Storefront Office
Now is a fantastic time to take advantage of the strong buyers market. Prices are low, interest rates are down and Lake Nona is the place to buy. With the coming "medical city" and town center, Lake Nona will be a VERY sought after area. The thousands of employees that the … (0 comments)
More importantly, how negotiable are prices in the current Reno real estate market?
The Atlanta home market is pretty tough right now but I'm sure no where near as tough as some other parts of the country. See my recent post for Cobb County Stats. Howeverover the last year and over the long haul haul the Atlanta Market has been very steady.
This posting is further to the Calgary Average & Median Sale Price Graph below. 
Timing the market....how many buyers are waiting for the market to bottom out? My guess is there are a lot of people out there waiting to purchase their next home. They are unsure of when to buy - they don't want to buy now because they're afraid they will hear that prices continued … (1 comments)
Source: http://www.realtor.org/rmomag.NSF/pages/Feat2200803?OpenDocument If you're not prospecting because you're not sure what to say, fear no more. Here are techniques for handling today's most common objections from prospective clients.1. "All I read about in the papers are how real estate prices are falling. Why would I want to buy now when I'll be … (2 comments)
I picked up a copy of Seth Godin's THE DIP last weekend. His theory is quite interesting; that the age old adage, "Winners Never Quit & Quitters Never Win" is all wrong. That the exact opposite is actually true; that "winners actually quit & they quit often!" They just quit doing … (0 comments)
I read an article today indicating that only 1% (approx) of homes are currently in foreclosure. This also is 1% of homes with mortgages ... so we have a whole segment of homes owned free and clear not included in these numbers. To listen to the press, read a newspaper or … (3 comments)
CNN Money says that now is the best time in the past four years to buy a home. Prices have dropped and interest rates remain at record lows. 
Trulia.com confirms what we have been witnessing first hand in our day to day experience of the market. Sales are coming back up. Hurry up and find your dream home before the stragglers figure out what's going on and all the remaining deals are gone.
Sales of single family homes skidded to 495 in January compared with a total of 688 in the same month in 2007. These figures were released by the Maine Real Estate Information System, Inc. earlier this week.More bad news for sellers - the statewide median sales prices for those homes dropped … (0 comments)
Hope all is going well for everyone. I'am shocked that I showed a home and the homeowner yelled at me for being five minutes early, imagine if I was late what would she have said then. The buyers were shocked and wanted to leave but I convinced them to see the house. … (16 comments)
Last week, we received word from one of our lenders regarding their interpretation of the new Jumbo mortgage rules included with the economic stimulus plan. Here's what will be happening:
Don't Let This Market Scrare You!
President Bush Wednesday signed off on the $168 billion stimulus packaged approved by Congress last week, which, in addition to tax rebates for millions of working Americans and business owners, includes a vital, but temporary increase in the conforming loan limit. The economic stimulus package will allow the Federal Housing Administration, as … (1 comments)
Are you or your clients looking for a property or two to buy that will positive cash flow or come pretty close? Do you know anyone who wants to have a place to come to on the beach with out worrying about out of pocket expenses each month? Do they have … (4 comments)
The NAR issued its latest metropolitan areas price report this week. The most interesting finding is that in the fourth quarter of '07, 73 out of 150 metropolitan statistical areas showed increases in median existing single-family home prices from a year earlier, including 11 areas with double-digit annual gains and another 12 metros showing increases of … (1 comments)
This year many home sellers find themselves CHASING THE MARKET DOWN. That means you price your home 10-20% over the best comp (comparable size, price, condition, of homes in your area that have recently sold)... then your house sits and sits with no offers. In a panic you start lowering the price in small increments, … (0 comments)
I stopped in my local feed store to purchase some bagged pelleted feed for my horses this week and was shocked that the per bag price had increased by almost 1.00 per bag, across the board, not just one mfg. 
Everyone knows that the real estate market slows down in general during the Holidays every year (this year in particular). We can see that reflected in our traffic numbers. Fewer people read our real estate articles. Our number of real estate searches tends to drop a little bit as well. And … (0 comments)
Like others in the community, we were disappointed to see that prospects for a successful end to the negotiations between the school board and teachers union (Hilliard Education Association) dimmed last week when the teachers voted overwhelmingly against the board's last offer....which was to be a firm and final one, as … (0 comments)
Prices - Up Or Down? By Bill Roberts
Please keep in mind that it's the first month of a new year, so the year-to-date numbers may be quite variable compared to last month. There is only a limited amount of data in January's sales. Residential homes on Bainbridge Island were selling for a median price of about $563,500 at … (0 comments)