An article in the St. Louis Business Journal reported that the Midwest didn’t see the kind of price hikes experienced on either coast. Furthermore, real estate markets in the Midwest’s metro areas have remained stable as other areas have fluctuated. The National Association of Realtors found that existing home sales in the Midwest rose to [...]
The Florida Association of Realtors (FAR) reported today that sales of Florida’s existing single-family homes dropped considerably in the first quarter compared to a year ago, while the median price of an existing home grew by double digits. Statewide sales of single-family existing homes totaled 45,864 during first-quarter 2006, down 20 percent from 57,532 homes [...]
The article More buyers leaving contracts, huge deposits on table explores another consequence of the cooling real estate market. More and more people are cancelling their contracts on new homes and walking away from deposits. On a national level, some big builders are starting to report cancellation rates upward of 25 percent. In recent years, [...]
Buying your own home is a dream that all Americans share — whether born and raised here or newly minted citizens — we all search for that perfect house. However, changing demographic patterns suggest that some of us will be searching and buying more than others in the coming years. According to experts, immigrants, along [...]
SustainLane.com ranked 50 cities by how well prepared they were to handle rising gasoline prices. They looked for metros that have strong public transportation systems, readily obtainable and locally produced food, and available wireless networks for telecommuting. New York City was considered the best-equipped city while Oklahoma City got the worst-equipped city honors. To see [...]
Contract Wizard, Inc. released a new real estate software which boasts of its ability to automate the process of writing creative real estate contracts. According to the software maker, “It automatically inserts all the appropriate clauses for the situation, using separate data bases for Buyers’ and Sellers’ markets, because different market conditions call for different [...]
While electricity and basic services are still out in parts of New Orleans, the residential real estate market is apparently booming. The New Orleans Metropolitan Association of Realtors is reporting that for the first quarter of the year, sales of single-family homes in the greater New Orleans area climbed to $826 million, a jump of [...]
There is a great article in Inman News regarding conducting real estate negotiations via email called “Real estate negotiation and e-mail don’t mix”. The article discusses a new study which has found that there is a 50-50 chance that the person who receives your e-mail will misunderstand the tone. It goes on to make the [...]
There’s a great story in Realty Times about an agent who went the extra mile in selling a DOJ-foreclosed property in Newport Beach, California. The house sold for $2.3 million, and is set to close this Friday. Since the realtor represented both ends of the transaction, she’ll receive a $115,000 commission check from Uncle Sam. [...]
An article in the Pittsburg Post-Gazette called Virtual realty: Will real estate agents go the way of travel agents? explores the possibility that the Internet may make the real estate agent a thing of the past in another five to ten years. The author cites the continued expanding role that the Internet and an increase [...]