Florida Markets Still the Best Places to Buy Foreclosures
Hot foreclosure markets have come and gone over the past seven years but one thing seems to stay the same. The markets with the most and the cheapest foreclosures are still located in Florida. A...
View ArticleAs Inventories Shrink, So Do Seller Concessions
With inventories down and prices up, sellers are ending the costly incentives they have been forced to offer buyers during the six-year long buyers’ market. Concession-free transactions make...
View ArticleSellers Awaken and Buyers Accelerate
The percentage of customers signing offers in January increased by 12 percentage points according to a leading brokerage and 23 percent of Americans think it is a good time to sell compared to 11...
View ArticleHottest Market Sales Going for a Premium Over List Price
How long has it been since you heard the words “sold at a premium over list price?” For the past six years, sales prices ended up somewhere south of list prices by at least five percent. Now, in the...
View ArticleIt’s Official! Prices Increased a Lot Last Year
The major national home price reports agree on trends but never agree on numbers because their data comes from different places and are manipulated differently to create the most accurate results....
View ArticleFalling Inventories are Hitting the Brakes
At long last, there are signs that the unprecedented year-long decline in for-sale inventories are slowing, though continuing to fall, just in time for the spring home buying season. But inventories...
View ArticleThe Cost of Recovery: FSBOs are BAAAACK
In the hottest markets around the nation, “for sale by owner” signs are popping up in yards as penurious owners try their hands at selling their own homes. It’s another sign of recovery that’s raising...
View ArticleEarly Bird Buyers Try to Beat Tight Inventories
Realtor.com listing data for February suggest buyers are getting an early start to the 2013 home buying season despite the bad weather in many parts of the country and inventories that are still at...
View ArticleShort Sales Are Growing Longer
Perhaps the greatest advantage of a short sale to beleaguered homeowner facing default and foreclosure is the opportunity to move on with life and put the bad debt behind them as quickly as possible....
View ArticleInventories are Turning the Corner in Runaway California Markets
The hottest housing prices in the nation at last are encourage more sellers to list their homes, promising more sales and cooler price hikes in the weeks come. Seldom has American real estate seen such...
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Realtor.com: Broad-based Recovery Underway
While the median national list price rose by only a modest amount in March, all indicators suggest that a broad-based housing recovery is beginning to take hold across the nation as a whole. List...
View ArticleMajor Metros are Now Sellers’ Markets
Most sellers are getting as much or more than they are asking for their homes in eight out of 24 major metros tracked by a new market report released yesterday, a sign that the metros have crossed over...
View ArticleApartment Markets Still Look Good
Neither an upswing in home sales nor a wave of new multifamily construction is affecting apartment vacancy rates so far this year. Rates are down and rents are strong across the nation. Apartment...
View ArticleInvestors No Longer in the Driver’s Seat
After accounting for one out of four home sales in the depths of the housing recession and fueled turn-arounds in dozens of markets where waves of foreclosures and battered home values scared off other...
View ArticlePrices Soar at Boom Speed
March home prices rose at double digit rates-increasing faster than they have in seven years-and the outlook is nearly as good for April. Home prices nationwide, including distressed sales, increased...
View ArticleDespite Sellers’ Markets, Seventy-one Percent Still Say it’s a Good Time to Buy
Home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a purchase mortgage are rejected. Yet nearly three quarters of Americans say it’s a good...
View ArticleMortgage Originations Fell 6.2 Percent in Q1
Despite the housing recovery and home sales running 10.3 percent above the level of a year ago, mortgage originations are falling, signaling weakening refinancings. Residential lenders originated 6.2%...
View ArticleNew Listings Cool California Hot Spots
In the several California markets that have seen soaring prices and historically low inventory levels during this spring buying season, a flood of new listings drove inventories up. The increasing...
View ArticleRE/MAX: Monthly Inventory Rises for First Time in 33 Months
The number of homes for sale in April inched 1.6 percent higher than in March, the first month-over-month inventory increase since June 2010, according to the April RE/MAX National Housing Report. The...
View ArticleForeclosures Disappear Even Faster
Foreclosure inventories fell 24 percent from last year at this time and completed foreclosures fell 16 percent year over year, according to the CoreLogic April National Foreclosure Report. According to...
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