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sellers: 10 Market Facts for Uncertain Times (Simple Version)
- 09/28/10 03:09 PM
10 Market Facts for Uncertain Times
NAR September 2010
Although the economy is soft and consumer confidence remains low, new data from the National Association of REALTORS® shows positive signs for the future. To help interpret current economic data and address clients' concerns, here are 10 key facts to understand about today's market.
1. The economy is growing, though slowly.2. The private sector is finally creating some jobs.3. Consumer confidence remains low, though clearly off bottom.4. The 30-year mortgage rate is at generational lows.
5. The national median-home price is stabilizing.6. Other home-price measurements also are showing price stabilization.7. Home price-to-income … (3 comments)
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sellers: 4 Tips for Setting the Right Sales Price
- 09/21/10 02:21 AM
4 Tips for Setting the Right Sales Price
Sellers think their homes are worth more than their real estate professional recommends, and buyers think these same homes are worth less. It’s a difficult disconnect that makes selling properties a challenge. Successfully marketing a home requires that the price be set carefully -- or it will languish on the market.
Among the considerations:
1. How many homes are for sale in the neighborhood? The more homes on the market, the more important it is to list at the lower end of the scale. "I want buyers to ask why is this … (4 comments)
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sellers: Home Buying and Selling Tips for Fall
- 09/20/10 05:26 AM
Home Buying and Selling Tips for Fall
HGTV's real estate site Front Door says the weeks between now and the end-of-the year holidays are the best ones to find a bargain. Here are some of their tips for fall buyers and sellers:Fall Sellers:· Replace faded summer plants with fall-blooming flowers and add autumn decorations to the home.· Expect low-ball offers and be prepared with higher counter offers.· Freshen up listing photos by shooting pictures that make it less obvious that the seasons have changed.· Price the home to sell. A price that is a little lower than the competition may be … (0 comments)
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sellers: Price Reductions on the Rise
- 09/17/10 09:21 AM
Number of Price Reductions Rise in Some Cities
Price reductions on properties for sale have increased for the third consecutive month to 26 percent, according to statistics provided by Trulia.com.While home sellers in some cities cut prices aggressively, those in 24 of the 50 cities tracked by Trulia held steady."We're seeing gradual improvement in many U.S. cities - several for consecutive months," said Pete Flint, CEO of Trulia. "What this shows us is that while we're in for a long climb to bring stability back to the housing market and while it's going to take time, that climb appears to … (0 comments)
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sellers: Going GREEN Return on Investment
- 09/16/10 09:32 AM
Going GREEN Return on Investment
Green and Save.com has a handy table to determine the return on investment (ROI) of many energy saving features a homeowner can add. Energy efficient improvements are organized into several categories including Green Tune-Up, Green Remodeling and Green Advanced Systems. Some common green add-ons and their ROI at a glance:CFL Light Bulbs - Added cost of $60 saving $80 annually with an ROI of 133.3% over 10 years
Programmable Thermostat - Added cost of $115 saving $180 annually with an ROI of 156.5% over 10 years
Hot Water Heater 'Blanket' - Added cost of $25, saving $30 annually with an ROI of 120% over 10 … (1 comments)
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sellers: US homes lost to foreclosure up 25 pct on year, but there are other solutions
- 09/16/10 02:04 AM
US homes lost to foreclosure up 25 pct on year but there are other solutions. Talk to your REALTOR first!
Alex Veiga, AP Real Estate Writer, On Thursday September 16, 2010, 12:04 am EDT
US home repossessions spike in August to highest level since start of mortgage crisis
LOS ANGELES (AP) -- Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.
The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac … (0 comments)
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sellers: Home Purchase Applications Rise 6.3%
- 09/08/10 10:34 AM
Home Purchase Applications Rise 6.3%
Applications to purchase homes increased 6.3 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly survey.
On an unadjusted basis, purchases rose 4 percent compared to the previous week, but were down 38.8 percent from the same week a year ago.The Refinance Index decreased 3.1 percent from the previous week."Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen prior to the expiration of the homebuyer tax credit, and is almost 40 percent … (0 comments)
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sellers: Arkansas Homes Sales Up in June
- 09/07/10 06:17 AM
Arkansas Homes Sales Up in June
According to the data collected by the Arkansas REALTORS Association, and published in Arkansas Business, homes sales in Arkansas were up .56% in June. Hey, that isn't much, but at least it is moving in the right direction.
Pulaski County was actually down by 2% with 400 homes sold. In Saline County, homes sales were up 20%, but it had less than 145 units sold. Northwest Arkansas even saw an increase. Benton County was up 14%.
As for price, statewide price was down 1% to a median price of $148,256.
Comparted to the … (0 comments)
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sellers: Exceeding Expectations, Pending Home Sales Rise 5.2%
- 09/03/10 05:37 AM
Exceeding Expectations, Pending Home Sales Rise 5.2% from rismedia.com
RISMEDIA, September 3, 2010-Following a sharp drop in the months immediately after the expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors.
The Pending Home Sales Index, a forward-looking indicator, rose 5.2% to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1% below July 2009 when it was 98.1. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, … (0 comments)
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sellers: Sellers, You Need a Digital Marketing Strategy
- 09/03/10 04:17 AM
Sellers, You Need a Digital Marketing Strategy
I have been 'facebooking' with college friends of mine who are trying to sell a home in Nebraska for 6 months now. As I was providing my expert and professional (sarcasm) opinion on the matter, it did shock me that the current agent was only doing the 'old school' form of advertising, and that the sellers figured that was pretty good.
Here is what advertising had been done: Open Houses, Hardcopy flyers outside on the curb, MLS entry, and the every so effective (sarcasm again) REALTOR open house. All of these, according to … (1 comments)
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sellers: Frugal Tips for Making a Home More Appealing
- 09/02/10 12:18 PM
Frugal Tips for Making a Home More Appealing Homeowners who want to sell but don't have a lot of cash to spruce up their properties might consider these tips from Bankrate.com (and comments from me) for upgrading a property without spending a fortune.
Polish up the kitchen. Add new cabinet door handles, replace lighting and update the faucet set. Unless the cabinets are mica, give them a fresh coat of paint. Order new doors for kitchen appliances. Scott Deaton: All of these are very inexpensive and the kitchen is one area of major focus for all buyers.
Tidy up the bath. … (1 comments)
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sellers: Deaton Wins a New Camera
- 08/31/10 11:02 AM
Deaton Wins a New Camera! Yep, while attending a technology real estate seminar today, I won a nice HD video camera. Exellent news, but that isn't the reason for this blog. But here is what my camera looks like!
First Topic: if you are into this social networking 'thing', then check out twellow.com. This is a type of yellow pages for twitter. Check it out. It's free.
Main Topic: We discussed what Sellers are really looking for and how Sellers choose the agent they will work with. A survey was conducted in 2009 that addressed this topic in California. I thought … (0 comments)
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sellers: BAM! Reality Check! Again!
- 08/20/10 04:36 AM
Buyers & Sellers don't wait around! Just like in the stock market, you buy when the prices and rates are lowest for maximum profit in the future. Now is the time!
FHA has passed new guidelines that will make it more expensive to buy a home due to increased fees on your FHA mortgage. Higher monthly fees, larger down payments and better credit scores are among the new initiatives.
The new rules will start taking effect as early as the end of August and will impact buyers with higher fees and increased monthly mortgage insurance amounts. The new rules will also … (1 comments)
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10 Market Facts for Uncertain Times
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