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Archive for the 'Real Estate Industry News' Category
This Month in Real Estate – February, 2010.
This is an excellent synopsis of the national picture from Keller Williams Realty. There is a good review of some first-time home buyer trends and statistics. And guess what? Location or neighborhood was the #1 “must have” for 36% of all first timers. (The Town Broker likes that!) Watch this short video to get all the information.
But remember…all real estate is local. To learn what’s happening locally, give me a call!!
Real Estate Statistics: What You Need To Understand. (Part 3)
Real estate statistics can be confusing, and real estate is FULL of statistics! In Part 1 of this 3-part series, I looked at market absorption, how it describes the “dynamics” of the real estate market, and how you can use it to your advantage! In Part 2, I reviewed how the days on market (DOM) tells how much the market values a listing. In this post, I’ll cover the final of the big 3 statistics: Sale Price/ Original List Price Ratio.
Sale Price/ Original List Price Ratio.
This number simply tells how close to the original asking price the seller got for their home. It is NOT the number most commonly reported by the major real estate websites, or even by agents and brokers when they tout their marketing success. As a consumer, you’re more likely to see Read the rest of this entry »
Home Remodeling Projects: Which Ones Are Best For Resale?
There are some who say that a professional remodeling job is never a wasted effort. After all, it’s YOUR house, and you want it to be the way you like it. I will admit that we probably “overbuilt” when we did our kitchen remodel a few years ago. But my wife and I love to cook, and we enjoy this space each and every day. So for us, while our investment might not pay off at resale, it’s paying for itself over and over again in ”happiness”. It’s a decision I’d make again in a heartbeat!
But if you’re thinking about a remodeling project this year, and you’re concerned about getting the most for your money at resale, then listen up. Remodeling Magazine just released the 2009-10 Cost vs. Value Report, and you might want to take a look. Read the rest of this entry »
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