You have likely heard all kinds of reports recently talking about how the housing market has been showing great signs of recovery, however economists are struggling to agree on where exactly we are at in the recovery process. The market has been tough to read the past few years. While there is still not an overall consensus...
Last month more than one-third of homes listed were sold within two weeks, according to the recent monthly housing report from Redfin. The report covered 19 different metro areas across the country and revealed that on average, 34% of homes were under contract within 14 days of being listed. This was an increase from January’s...
Despite the sluggish economic recovery in the U.S., home sales have been increasing at a rate that leaves economists optimistic for the housing market to add to economic growth for the first time in seven years. An article in REALTOR Mag (from the National Association of REALTORS®) discusses how experts are predicting...
In case you need some convincing stats to use in your next listing presentation, a recent survey conducted by HomeGain concluded that sellers are 120% more likely to successfully sell their home using a Real Estate Agent than selling on their own. Over 400 homeowners were surveyed on whether they used a REALTOR to sell...
A recent Redfin survey of 1,800 active home sellers found that many are holding back from selling their homes because they are expecting the values of their homes to rise in the near future. According to the survey, 38% of the home sellers asked said they plan to hold off on selling their house for over a year, while only...
According to Zillow’s second quarter Real Estate Market Reports home values have increased 2.1% during the first two quarters of 2012. It is the first annual increase in United States home values since 2007. It is the fourth consecutive month that home values have increased. This comes on the heels of national home...
A recent article on Bloomberg News illustrates how Buyers are taking advantage of low interest rates to purchase new homes or refinance their mortgages. According to the article, sales of existing homes were up 9.6 percent in May compared to a year ago, with 4.6 million homes changing hands at a seasonally adjusted...