Existing Home Sales Increased in December



medium_11705392445

According to figures from the National Association of Realtors, existing home sales increased in December, reaching an annual pace of more than 5 million sales for the sixth time in seven months. Median home prices for last year reached their highest level since 2007 but the total number of sales dropped 3.1% compared to the […]

OnTheMarket.com: Is it Worth the Gamble?



onthemarket

This week saw the launch of a brand new, and some might say quite controversial property portal in the UK, called OnTheMarket.com. This new property portal has been founded by a conglomerate of UK real estate agents in an attempt to break the duopoly of Rightmove and Zoopla. The agents involved include Savills, Knight Frank, […]

Housing Starts Reach Highest Level Since 2008



1

According to a recent article in Realtor Mag, figures from the Commerce Department show housing starts for single family homes reached their highest levels for more than six and a half years at the end of last year.  This shows the housing market is continuing to recover, particularly as experts regard construction as being an […]

Number of Underwater Properties Significantly Down



Housing Crisis

According to a recent report released by RealtyTrac, the end of last year saw 7,052,570 US residential properties with seriously underwater mortgages. This accounts for about 13% of all properties that are currently mortgaged. A mortgage that is in serious negative equity or underwater is where the total loan amount secured by the property is […]

New Report Shows Housing Market Only 75% Recovered



56126d3a-1aeb-4cc3-9d84-1017e3c3688b

A report recently released by Trulia shows the real estate market is only 75% on the way back towards what could reasonably be considered to be “normal.” The report takes into account a number of different factors which include existing home sales, new home construction, mortgage delinquencies and prices. According to the article in Realtor […]

Do You Really Need an Open House to Sell a Home?



home-sold-sign-nki

When deciding who will list your property, it’s likely you will come across many real estate agents who enthuse about the values of an open house. While they may tell you that this is the best way to make a home sale more visible, what they don’t tell you is how advantageous it is for […]

Fewer Buyers See Marriage as Necessary to Getting a Mortgage



d10aca5e-dc1b-48b9-b192-afa66819b9bc

Twenty years ago real estate agents would have seen a large number of young couples who were married with perhaps one or two children. But today those agents are more likely to see older buyers, possibly with kids and a lot fewer will be wearing wedding rings. Quite often those looking to buy a property […]

What Factors Threaten the Housing Market This Year?



House For sale - Big Chrome Billboard

Real estate experts and economists are anticipating the housing market recovery will pick up pace this year. But in spite of their optimism there are still a few things that could threaten this recovery. Institutional investors played a large part in the housing market recovery through buying up thousands of properties and renting them out. […]

Homeowners More Confident Than Renters in the US



home-sold-sign-nki

The latest research from Zillow shows that people who own their own homes in the US are generally more confident than renters in the performance of their local housing market. However confidence does vary widely and whereas the gap is likely to be bigger in areas seeing rapid growth in home values, it is narrower […]

Is It Worth Paying Extra to Live near a Good School?



1

According to the Brookings Institution, owning a property near a high-scoring school can increase its value by more than $200,000, a massive sum for most people. Although real estate experts may argue that correlation between home prices and proximity to school systems isn’t linear, there are a number of advantages that can come from living […]