Residential home seller’s in Minnesota’s Twin Cities are lamenting what appears to be the long-gone days of multiple offers. According to the Minneapolis Area Association of Realtors, new listing activity smashed the previous monthly records by more than 20 percent for the third consecutive month. As a result of the increase in supply without the [...]
Agents who are effective, yet who realize their business is only the vehicle to a great life, have some traits in common. A article in the Realty Times, identifies five habits that they believe highly satisfied real estate agents practice. They include: Envisioning Their Future Obsessively Planning & Implementing Delegating and Partnering Knowing Their Niches [...]
A bill requiring home sellers to disclose if their property has been used as a meth lab, and giving the purchasers the right to sue for damages if they knew of the problem has passed through the Colorado House of Representatives and is heading to the Senate. Colorado is one of several states recently affected [...]
The National Association of Realtors is projecting that existing home sales will drop 6 percent to 6.65 million this year. New home sales are also expected to drop 10.9 percent to 1.14 million. However, even with these declines, both sectors would still see the third best year following 2005 and 2004. The national median existing [...]
The theory behind the rolling boom trend is that when homes get a little too pricey, homebuyers start looking elsewhere. Its this trend that is positively impacting the housing market in Texas as people move from places like California and Arizona in search of a more affordable cost of living, and more bang for their [...]
According to the most recent data available, the average cost to insure a home in 2003 was $668 a year. However, the disparity in comparing one state to another is significant. For example, if you reside in Idaho, your average insurance rate is $433/year. If you live in Texas, you are looking at $1,328/year. Much [...]
According to an article in USA Today, second home purchases in the U.S. accounted for 4 out of every 10 homes purchased in 2005. Approximately 28% of homes purchased were for investment purposes, and another 12% were vacation homes. Most of the buyers were baby boomers in their top earning years, looking toward retirement and [...]
PMI Mortgage Insurance Co. released a report stating that 48 of the nation’s 50 metropolitan areas face a greater risk of declining home prices during the next quarter. Like so many other reports we’ve read about recently, PMI predicts a gradual cooling of the once red-hot market. This translates into a overall slowdown in the [...]
Another break through toward a paperless society by San-Diego based, a la mode. This company has created an e-signature enabled paperless mortgage PDF application called SureDocs. SureDocs can create a PDF digital file from any desktop application a user can print, including word processing or spreadsheet software. The digital documents can be easily stored, retrieved [...]
Downstate New York continues to provide great value for home buyers. The New York State Association of Realtors reported that Washington County posted the biggest gains in the state from February 2005 to February 2006, with an increase in sales of 150%. The median selling price for a home was $104,500. This seems like small [...]