Tagged : Housing Market

Found 108 blog entries tagged as "Housing Market".

houseinhand_voronin_450homes.yahoo.com - Autumn is historically the start of the slow season for home sales, but after a sluggish spring and summer, wrought with still-tight supply and higher costs, the stage may be set for a small rebound in U.S. housing this fall, at least according to a new report from Redfin, a real estate brokerage.

More sellers are lowering their price expectations, because the number of homes that sold above list price in July was down nearly 26 percent from a year ago, noted the Redfin report. That is the biggest drop of the year. Lower prices, still-low mortgage rates and increasing supply could push sales higher.

To read this article, click the link below:

Photo:  ©[Voronin]/123RF.COM

 

402 Views, 0 Comments

houseonmoney__voronin76_450realtytimes.com - Your home is listed on the Multiple Listing Service (MLS) and the sign goes up in your front yard. Now what? Sit back and let the offers roll in. Of course, that's what every seller wants but that's not always what happens.

So, let's rewind a bit and see what can be done to make buyers want your home. The steps you take before you actually put your home on the market can help to ensure interest in your home.

Start by creating a "buy-me-now" attitude. How's that done?

To read more of this article, click the link below:

Photo:

506 Views, 0 Comments

goldhouse_buchachon_450money.cnn.com - Low mortgage rates and soaring rents have convinced a growing number of homeowners to hang onto their former homes and become landlords instead.

"Clients tell us all the time, 'We're never going to sell our home, even after we buy a new one,'" said Glenn Kelman, CEO of the brokerage, Redfin.

Susan Young of Lawrence, Kan., refinanced the mortgage on her house in 2013, landing a 3.25% rate on a 30-year fixed loan. She bought another house but has not put her old home on the market.

To read more of this article, click the link below:

Photo:  ©[Buchachon]/123RF.COM

418 Views, 0 Comments

new_construction_buchachon_450money.cnn.com - As construction and homebuyer activity in communities across the country demonstrate, the housing market continues to recover. Home prices nationwide were up as much as 13% in the past year, which helped lift four million homeowners from being underwater.

And while the collapse of the housing market was a major cause of the Great Recession, stronger residential investment has helped boost economic growth over the last few years by spurring construction activity and helping American families build back their hard-earned wealth.

To read more of this article, click the link below:

Photo:  ©[Buchachon]/123RF.COM

491 Views, 0 Comments

sale_chris_boswell_450Open houses are the gold standard in real estate. They’ve been around for decades and will be ingrained in the buying and selling of homes for years to come. But as a buyer, are you making the most of your open house visits?

Here are some best practices for buyers at all ends of the home-buying spectrum.

1.  Use the open house to learn the market without committing

2.  You don’t have to sign in (but don’t be rude)

3.  Watch the other buyers

4.  Ask the agent questions

To read more of this article, click the link below:

Photo:  ©[Chris Boswell]/123RF.COM

467 Views, 0 Comments

sale_chris_boswell_450We put our house on the market recently. This was our first home, which we've lived in for more than a decade, so we expected to invest a lot of time cleaning, organizing and making some minor repairs that we'd been putting off. Here's what we didn't see coming.

1.  White and bold wall colors are no-nos 2.  What 'cut the clutter' really means  3.  It's not your home anymore  4.  The walls are in worse shape than you think  5.  Those large items might not come back out so easily  6.  Some cleaning projects will be frustratingly stubborn  7.  Fix those nagging problems — but don't expect them to be easy            8.  Everything will take longer than you think  9.  The house won't stay clean

To read more of this article, click the link below:

609 Views, 0 Comments

interest__max5128_450realtor.com - Mortgage rates for the most popular loans decreased this week as reports of a weakening economic recovery showed a decline in December new home sales. Adding to the drop in averages — for the fourth consecutive week — was another study that showed a decrease in November home prices.

The two new reports have furthered the belief among some experts that the economy and housing market may be too weak to handle a large upswing in home prices in the short-term. In the long-term, mortgage rates are still expected to rise considerably in 2014.

To read more of this article, click the link below:

Photo:  ©[Max 5128]/123RF.COM

482 Views, 0 Comments

houseinhand_voronin_450According to the newly released Zillow Market Health Index, the nation’s healthiest housing markets in October were clustered in California and the rest of the West.

Zillow’s Market Health Index, calculated on a scale from 0 to 10, is a new measure designed to illustrate the current health of a region’s housing market relative to similar markets nationwide. Because no one number can accurately convey every dynamic in a given area, the Market Health Index incorporates 10 separate measures of housing market health. Calculated monthly at the ZIP code, neighborhood, city, county, metro and state levels, it is a key component of Zillow’s newly redesigned local information pages, aimed at offering users more data, more easily.

To read more of this article,

554 Views, 0 Comments

bank__olegdoroshin_450money.cnn.com - The foreclosure crisis is showing signs that it's finally fading away.

The number of new foreclosure filings -- which includes default notices, auctions and bank repossessions -- dropped 15% to a total of 113,454 properties in November, according to RealtyTrac, an online marketer of foreclosed properties.

That was the biggest monthly decline since November 2010, and foreclosure filings are now at the lowest level since December 2006. From a year ago, filings are down 37%.

To read more of this article, click the link below:

Photo:  ©[Oleg Doroshin]/123RF.COM

523 Views, 0 Comments

houseinhand_voronin_450A lot has changed in real estate in 2013. Home values have skyrocketed in many markets, mortgage rates have risen from their bottom and most recently, negative equity fell at the fastest pace ever.

Zillow predicts 2014 to see a continuation of this positive trend. Take a look at Zillow’s four bold predictions for real estate and mortgages below, and the top 10 hottest housing markets for 2014.

To read their predictions, click the link below:

Photo:  ©[Voronin]/123RF.COM

574 Views, 0 Comments