market: Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2012
- 03/26/12 09:44 PM
Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2012 Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2012 For February 2012 in the 33455 Zip Code area of Hobe Sound, Florida : There are currently 342 active listings. ( A decrease of 17 homes from January)
102 Residential sales are pending and awaiting close or lender approval (An increase of 22 homes from January)
31 Homes Sold in February (An increase of 11 homes from last month)
The Hobe Sound … (4 comments)
market: Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012
- 03/14/12 08:41 AM
Stuart Florida Market Report ZIP Code 34996 – Condo, February 2012 Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2012 For February 2012 in the 34996 Zip Code area of Stuart, Florida :
There are currently 207 active condo listings (Down 18 from last month).
43 Condo sales are pending and awaiting close or lender approval (An increase of 11 condos from January).
25 Condos Sold in February (An increase of 13 condos from January)
The inventory declined fairly sharply in the Stuart condo market for the area … (4 comments)
market: Waiting Too Long For That Great Price?
- 01/02/10 10:54 PM
After four years of declining home sales, the numbers appear to be finally turning back upward, with closed sales and pending contracts at above-normal increases. In particular, first-time buyers helped buoy the market by taking advantage of low prices and interest rates, as well as the $8,000 tax credit offered by the federal government.
At least for now, home prices remain attractively low, and mortgage payments as they relate to income are very comfortable. All the information seems to point to the fact that home prices have actually overcorrected downward. What does that mean? It indicates that many markets may … (9 comments)
market: What’s It Worth Officially?
- 11/27/09 10:02 AM
There’s a lot of news about home values and current appraisal values as well as the appraisal process. With markets changing so rapidly it can be a difficult process. The appraisers do not sit in a dark room and use a crystal ball to produce an all powerful document of a home’s value. There’s no magic involved. Here’s how it’s done. An appraiser needs to compare similar recently sold properties. And it’s not just the final price that counts. They also factor in any "incentives" offered, such as sellers who pay closing costs or remodeling allowances. If similar properties have differences in … (18 comments)
market: When Will the Real Estate Market Return to Normal?
- 11/14/09 09:56 PM
Everyone is asking, "When are things going to return to normal in real estate?" Most don’t realize that we are getting very close to a normal market now. It’s taking a while to recover from the shady financial dealings that created the artificially inflated markets of five years ago. The poor lending practices of the past are indeed making it more difficult for some to secure financing, but that's not necessarily a bad thing. Those few years of lower standards and easy money led us into an unsustainable and inflated market. In the long term, it's good for housing and … (17 comments)
market: Selling Your Home? Dollars vs. Days
- 11/10/09 12:02 AM
Once you’ve decided to sell your home, the second step is usually setting your asking price. You should strive for a balance between generating offers and receiving top dollar.
Your chosen real estate advisor should perform a Competitive Market Analysis (CMA) to produce an estimate of your home's "fair market value," or that price that educated buyers will pay based on listings and sales of homes similar to yours. The agent will not establish the price, but only provide the information you need to make that decision yourself. In a hot market, you have the advantage, but would still want to … (18 comments)
market: How Much is Your Love Worth?
- 06/11/09 12:11 PM
Okay, so you love that house. But just how much is your love worth? That's the question that faces every home buyer during any economic season.
Sometimes the answer is easy. In hot markets, the answer can be short and sweet: If you have to ask, you can't afford it. Not too long ago, in the sizzling markets of California, if you even took the time to ask, the property was already gone. Enter the cooler markets. Today, most markets have a good supply of houses and buyers can take a little time to look for the right house at the right … (14 comments)
market: A Portfolio of Commodities
- 05/10/09 01:28 PM
Have you ever thought of a home as a commodity? A commodity can be defined as a raw material or product that can be bought and sold. A home is not a raw material, but it is certainly built out of many, like a box full of wood, steel, cement, glass and copper. Over the long term, home prices usually rise along with the cost of the commodities it takes for construction. While high inventories of housing may be keeping prices lower right now, the cost of the raw materials that are intrinsically tied to a home's value are rising, and rapidly. With … (10 comments)
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