real estate update: How Long Do Most Families Stay in Their Home?
- 03/01/17 06:56 AM
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%. Why the dramatic increase?The reasons for this change are plentiful! The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, … (0 comments)
real estate update: Existing Home Sales Reach Highest Mark Since 2007
- 02/24/17 02:15 PM
Highlights: Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million. January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900. NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home." … (1 comments)
real estate update: Cuyahoga Falls Real Estate Update - New Sale at 1774 17th Street
- 03/31/14 12:38 AM
Cuyahoga Falls Real Estate Update New Sale at 1774 17th Street. Talk about great buys! I represented the buyer of this brick colonial in a very desirable area of Cuyahoga Falls which just closed with a sales price of $76,000. It was a bank owned property that will need a good amount of updating but when the work is done this home will once again be a gem. When you are ready to buy or sell your Cuyahoga Falls home call me, I can help. … (0 comments)
real estate update: Traffic to Real Estate Web Site UP Nearly 30%
- 05/06/11 12:26 AM
Real estate web sites are seeing an increase in online visits and are at the highest level since early 2009. This increase in traffic is being attributed mostly to more interest in rentals according to a webinar by Experian Hitwise. Web sites with the largest increase year-to-year are focused on rentals or rent-to-own listings. Traffic coming to real estate sites from social networks is also increasing. Social networks are now responsible for 4% of the overall traffic to real estate web sites. The largest year-over-year increases in social media traffic have been Yahoo! Real Estate, Trulia, Zillow and Realtor.com.
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