sales statistics: Midtown Montgomery Real Estate Market Trends - November 2015
- 12/23/15 02:15 AM
Now that Christmas is just a few days away, Realtor.com has ranked the HOTEST Real Estate Markets in November. The temperatures may be dropping but California real estate is hot, hot, hot scoring 12 of the top 20 spots with San Francisco as #1. The good news for the rest of the country is trends always seem to start in California and move eastward. This bodes well for our local market in 2016!
Take a look at our local market trends for November:
November 2015 Midtown Montgomery Real Estate Market Update
Midtown Montgomery real estate sales statistics for November 2015, show the number of homes sold increased … (1 comments)
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sales statistics: Midtown Montgomery Market Trends - October 2015
- 11/20/15 12:11 AM
Moving into a new home during the holidays can be difficult and stressful. There are so many things to plan and prepare when it comes to either event, but to combine the two is extremely difficult. How are you going to celebrate the holidays while you are packing up your home?
If you stay on top of the process you can enjoy the holidays despite your move. Here are some ways you can do both!
New Traditions - You might be used to big, homemade meals around the dining room table, but maybe you change it up a bit. Look for businesses … (0 comments)
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sales statistics: Midtown Montgomery Market Trends - September 2015
- 10/28/15 09:22 PM
A biennial opinion survey on housing issued conducted by the National Association of Realtors shows that fears of selling have abated dramatically since the housing recovery went into high gear two years ago. Over the past two years, homeowners’ confidence in recouping the price they paid for their homes has risen 29 percent.
Seller confidence extends to their outlook for next year. Four in ten adults in the survey (41%) expect prices to rise in their market. Some 47 percent said prices will stay the same and only 6 percent expect them to decrease.
Take a look at how many successful … (1 comments)
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sales statistics: Midtown Montgomery Real Estate Market Report for May 2014
- 06/26/14 05:24 AM
All-cash offers are an unusual real estate tactic, but often times are a winning strategy at the negotiating table, and are presently on the rise. The National Association of Realtors® reports market share of all-cash purchases has risen and currently makes up 33 percent of the market. This is a unique trend, especially since the market has experienced a decrease in distressed homes and investor activity.
Economists point out many reasons for this popular trend. One is restrictive lending standards have caused many buyers, especially wealthy ones, to forgo a loan. Another is the aging baby boom generation, many of … (0 comments)
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sales statistics: Midtown Montgomery Real Estate Sales - May 2011
- 07/06/11 03:31 PM
Despite the ups and downs of the housing market, home owners and non-owners alike consider owning a home essential to the American Dream according to a survey conducted on behalf of the National Association of Home Builders (NAHB) by Public Opinion Strategies of Alexandria, VA, and Lake Research Partners of Washington, D.C.
The survey results show that Americans see beyond the immediate housing market to the enduring value of homeownership. An overwhelming 75 percent of the people who were polled said that owning a home is worth the risk of the fluctuations in the market, and 95 percent of the home … (0 comments)
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sales statistics: Midtown Montgomery Real Estate Sales Statistics - April 2010
- 05/24/11 02:10 PM
Home sales are expected to stay on an uptrend through 2012, although the performance will be uneven with mortgage constraints weighing on the market, according to real estate experts. Lawrence Yun, National Association of Realtors chief economist, said existing-home sales have been underperforming by historical standards and will rise gradually but unevenly. "If we just hold at the first-quarter sales pace of 5.1 million, sales this year would rise 4 percent, but the remainder of the year looks better," Yun said. "We expect 5.3 million existing-home sales this year, up from 4.9 million in 2010, with additional gains in 2012 to … (1 comments)
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sales statistics: Midtown Montgomery Real Estate Trends - Dec 2010
- 01/25/11 11:25 AM
The 2011 real estate market forecast depends on who you talk to. There are conflicting signs but most experts predict a slow growth in sales nationwide. Real estate guru Barbara Corcoran has this to say about buying a home in 2011:
"Of course people are nervous about buying with so many mixed signals, but my advice would be: Do not wait. If there's one thing I learned about this real estate is that it's very slow to unwind and usually takes years to do it. But once it decides to turn around, those prices move up very quickly, and you'll just … (0 comments)
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sales statistics: Midtown Montgomery Real Estate Sales Statistics - Oct 2010
- 12/21/10 05:25 AM
Nearly eight out of 10 Americans believe buying a home is a good financial decision, despite ongoing challenges with the economy and housing market. That's according to the 2010 National Housing Pulse Survey, an annual report released by the National Association of Realtors®.
The survey, which measures how affordable housing issues affect consumers, also found job security concerns to be the highest in eight years of sampling, with 70 percent of Americans saying that job layoffs and unemployment are a big problem in their area; eight in 10 cite these issues as a barrier to homeownership.
Despite economic uncertainty, 68 percent … (0 comments)
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sales statistics: Montgomery AL Real Estate Sales Statistics - September 2010
- 11/02/10 01:52 PM
Despite economic uncertainty, 68 percent of those surveyed in the 2010 National Housing Pulse Survey, conducted by the National Association of Realtors, still believe now is a good time to buy a home; while that number is down from last year (75 percent), it's up from 2008 (66 percent) and 2007 (59 percent). Lower home prices and record-low mortgage interest rates are attracting buyers to the housing market - more than one-fourth of renters said they are thinking more about buying a home than they were a year ago. Sixty-three percent of renter respondents said that owning a home is a priority in their … (0 comments)
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sales statistics: Montgomery AL Real Estate Sales Statistics - August 2010
- 10/05/10 03:22 PM
Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery, according to the National Association of Realtors. The recovery looks to be a long process with job numbers being lower than expected in the last couple of months. However, affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates. The loan underwriting standards are tighter, but home buyers can improve their chances of getting a loan by staying well within their budget.
Take a look at how the Montgomery AL real estate market fared in August.
… (1 comments)
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sales statistics: Montgomery AL Real Estate Sales Statistics - July 2010
- 09/14/10 08:16 AM
Pending home sales in June edged lower in contrast to the spring surge when buyers rushed to take advantage of the home buyer tax credit, according to the National Association of Realtors®.The Pending Home Sales Index declined 2.6 percent to 75.7 based on contracts signed in June. Down from 77.7 in May, and is 18.6 percent below June 2009 when it was 93.0. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.Lawrence Yun, NAR chief economist, said lower home sales are expected in the short term. "Over the short term, inventory … (0 comments)
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sales statistics: Montgomery AL Real Estate Sales Statistics - June 2010
- 08/10/10 01:39 PM
Congress recently extended the home buyer tax credit closing date to September 30. The measure would give more time to thousands of qualified home purchasers, who through no fault of their own are unable to meet the current closing deadline of June 30; however the measure would not extend the deadline for home buyers to qualify for the tax credit. The deadline extension applies only to homebuyers who have ratified contracts in place as of April 30, 2010, but could not close before June 30.
The April 30 deadline created a surge of home sales in April. Let's take a look … (2 comments)
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sales statistics: Montgomery AL Real Estate Sales Statistics - May 2010
- 06/22/10 02:46 PM
Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®.
The Pending Home Sales Index rose 6.0 percent to 110.9 based on sales contracts signed in April. This figure is up from 104.6 in March, and is 22.4 percent higher than April 2009 when it was 90.6 and reflects increases of 7.1 percent in March and 8.3 percent in February.Pending home sales are at the highest level since last October when the index reached 112.4 and first-time buyers were rushing … (0 comments)
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sales statistics: Montgomery AL Real Estate Sales Statistics - April 2010
- 06/02/10 02:58 PM
Two top housing economists forecast some encouraging but tempered predictions for the housing market over the next few years during an economic session at the National Association of Realtors® Midyear Legislative Meetings & Expo today.Top housing economists, Lawrence Yun, NAR chief economist, and Mark Zandi, chief economist and co-founder of Moody's Economy.com, forecast some encouraging but tempered predictions for the housing market over the next few years. Both agree that job creation is key to an economic and housing recovery, with an improvement in job creation as 2010 progresses. However, they differed somewhat on the impact that foreclosures will have on … (0 comments)
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sales statistics: Montgomery Real Estate Sales Statistics - March 2010
- 05/04/10 03:53 PM
Pending home sales rose sharply in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. Contracts signed in February, rose 8.2 percent above February 2009. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. "The rise in pending sales may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten. We … (0 comments)
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sales statistics: Montgomery AL Real Estate Market Trends - Feb 2010
- 04/13/10 01:47 PM
Owning a home is its own reward, but home ownership can also bring rewards at tax time. This year is especially beneficial for people who are in the market to buy a home, thanks to the $8,000 first-time buyer credit and the $6,500 tax credit for repeat buyers.
Current homeowners can benefit, as well. Tax credits are available for owners who improve the energy efficiency of their home, including replacing exterior windows, skylights and doors and installing efficient heating and air conditioning systems. Certain home improvements may qualify for as much as 30 percent of the project cost, up to $1,500.
… (0 comments)
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sales statistics: Montgomery AL Real Estate Sales Statistics - December 2009
- 02/09/10 10:25 PM
According to the National Association of Realtors®, pending home sales nationally are comfortably above year-ago levels, although the Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell from October levels. Lawrence Yun, NAR chief economist, said a drop was expected. "It will be at least early spring before we see notable gains in sales activity as home buyers respond to the recently extended and expanded tax credit," he said. "We expect another surge in the spring as more home buyers take advantage of affordable housing conditions before the tax credit expires."
Let's look at December real estate sales to see how … (1 comments)
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sales statistics: Montgomery Real Estate Sales Statistics - October 2009
- 11/23/09 08:02 AM
Congress has voted to extend the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. The present loan limits would expire at the end of 2009 and revert to previous lower limits. The higher limits, along with the home buyer tax credit extension, are necessary to keep the markets moving at this critical time," said National Association of Realtors President Charles McMillan.
"Home sales have shown significant movement upwards in the past six months and reduced inventory in some segments of the housing market, but not in all. Home purchases in the middle-income and higher brackets have not … (0 comments)
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sales statistics: Montgomery Real Estate Sales Statistics - September 2009
- 11/03/09 10:43 AM
Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August, rose 6.4 percent to 103.8 from a reading of 97.6 in July, and is 12.4 percent above August 2008 when it was 92.4. The index is at the highest level since March 2007 when it was 104.5.
Lawrence Yun, NAR chief economist, said not all contracts are turning into closed sales within an expected timeframe. "The rise in pending … (0 comments)
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sales statistics: Montgomery Real Estate Sales Statistics - August 2009
- 09/28/09 11:45 PM
Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1. The index is at the highest level since June 2007 when it was 100.7.
Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the … (0 comments)
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Now that Christmas is just a few days away, Realtor.com has ranked the HOTEST Real Estate Markets in November. The temperatures may be dropping but California real estate is hot, hot, hot scoring 12 of the top 20 spots with San Francisco as #1. The good news for the rest of the country is trends always seem to start in California and move eastward. This bodes well for our local market in 2016!
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