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Seller’s Market Emerges This Spring: Are You Ready?
The inventory of homes for sale has reached its lowest level since 1999, which is helping home prices to rise in many markets, says Lawrence Yun, the National Association of REALTORS®’ chief economist. “Buyer traffic is continuing to pick up, while seller traffic is holding steady," Yun says. "In fact, buyer traffic is 40 percent... Continue reading→
Kiplinger: Housing Recovery Firmly Underway
Prices are rising and inventories are falling in markets throughout the United States, which has led financial reporting and forecasting firm Kiplinger to declare the housing recovery “firmly” in motion. Moreover, the company says housing will help carry the overall economy at a time when U.S. exports are decreasing, says Karen Mracek, a Kiplinger editor... Continue reading→
5 Important Tips for Condo Buyers
If you are looking or even just thinking about buying a condominium home, it's perfectly natural to feel a little nervous. Buying a condo and owning your own home is a large, life changing purchase. Indeed, any individual thinking about buying a condo needs to know what to expect and how to prepare for those... Continue reading→
Port Potomac Renovations
Here are the finishing touches on a property we manage in Woodbridge.
Many Americans Face ‘Megacommutes’
About 600,000 Americans travel more than 90 minutes each way—more than 50 miles—to get from home to work each day, according to a new U.S. Census Bureau report. “Megacommutes” are known for being worst in New York, Los Angeles, San Francisco, Washington, D.C., and New Orleans. Megacommuters tend to be male, older, married, and paid... Continue reading→
Big Discounts on Foreclosures Fading, Economist Says
Home buyers may not get as great of a deal on a foreclosure as they once did, according to Paul Diggle from Capital Economics in a new report. Foreclosure starts are falling and the inventory of foreclosures has been decreasing, which has caused the discount on foreclosures to lessen. The discount on foreclosed homes compared... Continue reading→
Condo Markets Remain Strong
Builders and developers are reporting growing optimism in the apartment and condominium market, according to the latest Multifamily Production Index, released by the National Association of Home Builders. "The apartment and condo markets continue to improve as new household formations generate demand," says W. Dean Henry, CEO of Legacy Partners Residential in Foster City, Calif.,... Continue reading→
What do real estate agents do?
When selling property, brokers and agents arrange for title searches to verify ownership and for meetings between buyers and sellers during which they agree to the details of the transactions and in a final meeting, the new owners take possession of the property. They also may help to arrange favorable financing from a lender for... Continue reading→
Another Big Leap for Home Prices
Another home price index is showing home prices surging: CoreLogic’s home price index shows that home prices nationwide in January rose 9.7 percent year-over-year, posting their largest percentage increase since April 2006.
