Now is a great time to be in the market for a new home, especially if you don’t have to sell an existing house first.
Sure, it’s a lousy time to be a seller — no matter what real estate agents say. But if you’re buying a home? Congratulations, you’ve picked a perfect time.
You probably know […]
RealtyTrac, an online provider of foreclosure information, reported that foreclosure activity rose once again in August. This time, activity rose by 12 percent.
Today, though, real estate pros aren’t as quick to boast about the impact the housing industry is having on the country’s finances. Maybe that’s because the residential real estate industry is now being blamed for everything from the collapse of Lehman Brothers and Merrill Lynch to the recent bailout of insurance giant AIG.
It’s tough to sell any kind of home these days. But the condo remains a particularly tough sell, especially in cities where there happens to be a glut of available condos on the market.
What is the one trait common to the country’s top-performing cities when it comes to job growth? Technology.
Problem is, sometimes buyers will view a home’s virtual tour and see one small thing they don’t like, the agent I interviewed told me. They’ll then instantly cross that home of their list of potentials.
A new report from the American Institute of Architects found that the buyers of custom homes are now more interested in energy-saving “green” features such as extra insulation, tankless water heaters and sustainable flooring than they are in extra rooms.
In Malibu, the open house guide comes with symbols: A knife and fork represent agent open houses that are serving food. A wine glass means the open house comes stocked only with beverages.
Durin g the housing boom of 2001 through 2006, the prices of single-family homes and condominiums shot up to amazing levels. I remember wondering, once the median sales prices of existing homes raced past the $200,000 mark, how were most people in the United States going to afford a home?
It’s easy to understand why so many real estate agents are frustrated with homebuyers these days. It seems that buyers want everything from sellers: lower prices, closing dates that meet their schedules, repairs, help with getting a down payment, you name it.
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Written by Dan Rafter [email] for b5media.
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