Buyers , Housing Market Update , Sellers
The National Association of Realtors (NAR) recently released their Pending Home Sales Index Reportand revealed that it is at its highest level since April 2006. The Pending Home Sales Index is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that […]
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Some Highlights: 85% of homes valued under $200,000 have equity 94% of homes valued over $200,000 have equity 10.2% of homes with a mortgage are currently underwater
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At the end of June, in every region of the country, hundreds of homeowners have a tough decision to make. The ‘listing for sale agreement’ on their house is about to expire and they now must decide to either take their house off the market (OTM), For Sale by Owner (FSBO) or list it again […]
Continue reading...Buyers , First Time Buyers , Move up Buyers , Sellers
The National Association of Realtors’ (NAR) latest Existing Home Sales Report revealed that first time homebuyers made up 32% of all sales in the month of May; marking the highest share since September 2012 and up from 27% the same time last year. NAR’s Chief Economist, Lawrence Yun, cited “strong job gains among young adults, […]
Continue reading...For Sale By Owners , Infographic , Sellers
Some Highlights: According to NAR’s Profile of Home Buyers & Sellers: 88% of buyers look for their new home online Using a real estate agent can net you 13% more than FSBO’ing There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced […]
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