Real Estate is Back! - Infographic
Posted by Judy Orr on
Prices and sales have dropped substantially since the real estate bust. Some areas like much of Florida, Las Vegas, NV, and Phoenix, AZ were hit hard, with more than 50% decreases in home values. The amount of annual sales has also decreased.
California showed decreases and popped back the quickest. Many areas in the state are back to a seller's market with decreased inventory and buyers wanting to still get a good price at low interest rates.
Low inventory across the nation is causing multiple offers on well-priced properties. Even in the Greater Phoenix area, we're seeing multiple offers in lower price ranges, and the best-priced homes in most any price range can sell quickly. Below is an infographic created by Active Rain (an online…
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As a member of the real estate group Short Sale Superstars, I have been made aware that Fannie Mae is not being realistic about the list and sale prices of their short sale properties. I was the listing agent for a Scottsdale for sale that was a short sale. We listed at fair market value according to recent comparable listings. We received a contract and the response from the seller's bank was that they wanted a price that never would have appraised. There was no chance of selling it short with this bank.
We would like to extend a wonderful free pdf booklet of the Holiday Entertaining Guide that was provided for us by Homes.com. This is 100% free and does not require your e-mail or anything and is safe to download. Please click on the link to download, not the picture. Feel free to share it with your friends and family.
I have been published more than the average Scottsdale REALTOR®. A story about one of my domain names was syndicated by The Wall Street Journal online and was all over the Internet. Because of that article, I was interviewed by the Chicago Tribune, The Southtown-Star (who even sent a photographer), and participated on a radio show.
wonderful time to buy a home. In fact, the government recently provided a tax credit to buyers (which is still available if you are a deployed service member). While the market is favorable and sellers are extremely motivated, many banks are tightening their lending requirements and loans can often seem hard to come by. Although USDA and VA loans may not be the first loans most potential home buyers normally consider when looking at home financing options, each can be a wonderful choice for a wide variety of lifestyles, budgets, and properties.
With money tight right now, as a landlord, you may be tempted to accept a late rent without charging a penalty to the tenant. After all, you are getting your rent money, and doing someone a favor, right? Actually, you may be starting a trend that could end in frustration, anger, and a long expensive legal battle. Here’s how to avoid all of that.
I caught a great "Buy Me" show on HGTV today that was shot in Chicago. It was very interesting because one of the owners was a long-time veteran real estate agent that had her REALTOR® son list the home.