Mar

31

Pending Home Sales Hampered by Inventory | Realtor Magazine

Posted by Greenwood Real Properties/Keller Williams Realty under General Information

February pending home sales flattened with limited buyer choices, but remained at the second highest level in nearly three years, according to the National Association of REALTORS®.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, slipped 0.4 percent to 104.8 in February from a downwardly revised 105.2 in January, but is 8.4 percent higher than February 2012 when it was 96.6. Contract activity has been above year-ago levels for the past 22 months; the data reflect contracts but not closings.  READ MORE….

Pending Home Sales Hampered by Inventory | Realtor Magazine.

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Mar

16

After Central Air, Buyers Want Walk-In Closets

Posted by Greenwood Real Properties/Keller Williams Realty under General Information

Recent home buyers who want a walk-in closet but didn’t get one in their home say they’re willing to spend $1,350 for one. That’s just one of the important findings in the 2013 Profile of Buyers’ Home Feature Preferences, released today by the National Association of REALTORS®.

Buyers who wanted new kitchen appliances but didn’t get them say they’re willing to spend $1,840 for them. Those who wanted air conditioning are willing to spend $2,520.

The report looks at 33 home feature preferences based on what a representative sample of U.S. households that bought between 2010 and 2012 say they value. Just over 2,000 households participated.

Among the findings: Households in the South tend to want the biggest and newest homes, and they like wooded lots. Those in the Northeast are most likely to like hardwood floors. First-time buyers and single women are big buyers of older homes. Households with children and move-up buyers like larger homes.

The report also contains these tidbits on buyer preferences:

·        Among buyers 55 and older, 42 percent want a single-level home, compared to just 11 percent of buyers under age 35. Single women also tend to place importance on single-level homes.

·        Single men want finished basements.

·        Single men and married couples place importance on new kitchen appliances.

·        Among all 33 home features in the survey, central air conditioning is the most important to the most buyers; 65 percent consider this very important.

·        The next most important feature is a walk-in closet in the master bedroom; 39 percent considered this very important.

·        Also important — buying a home that’s cable-, satellite TV-, or Internet-ready.

·        Thirty-two percent of buyers say they’re willing to pay a median of $5,420 more for a residence that also has waterfront property, and 40 percent say they’re willing to pay a median of $5,020 more for a home that’s less than five years old.

Courtesy of — Robert Freedman, REALTOR® Magazine

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Mar

15

Builders Ramp Up Hiring From Rising Demand

Posted by Greenwood Real Properties/Keller Williams Realty under General Information

Growing confidence among home builders about the housing recovery is prompting more of them to go on a hiring frenzy to meet increasing buyer demand. Government data shows that 48,000 construction jobs were added last month, the highest number since March 2007.

Across all industries, about 8.8 million total jobs were lost between January 2008 and February 2010 — and more than one in every five of those jobs was lost in construction. About 30 percent of all construction jobs were lost in the four-year period from January 2007 to January 2011.

But home builders’ rising sales that are giving them more confidence in the housing recovery. In January, new-home sales jumped to their highest level in two decades, according to government data.

Much of the construction job growth is occurring in once-hard-hit housing markets that are now turning around, such as Phoenix, but also in “new boom towns” that are growing due to domestic oil production, like in Williston, N.D., Reuters reports.

Source: “U.S. builders hiring at rapid pace,” Reuters (March 8, 2013)

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Feb

21

With continued strong demand for apartments being met by a legitimate multifamily building boom in many U.S. cities, increasing apartment rents are expected to reach something of an inflection point in 2013.

Rent growth in some metros such as Boston, Washington, D.C. and New York is cooling down as those markets are doused by a wave of new supply from developers.

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Jul

17

The results of Trulia’s latest American Dream survey indicate that optimism about the real estate market abounds in all areas. Sixty-one percent of Americans think that home prices in their local market will rise in the next year and 58% of Americans believe local home prices will return to their previous bubble-level peaks within the next 10 years! Interest in super-sized McMansions is also on the rise once again: Twenty-seven percent of Americans say their ideal home size is over 2,600 square feet, vs. 17% in 2011, and while only 6% of those surveyed in 2011 expressed desire for a super-sized home over 3,200 square feet, 11% now say they want a home of this size or larger.

Give Buyer Clients a Real Estate Reality Check | Trulia Pro Blog.

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Jun

27

June Home Maintenance Checklist and Inspection Routine

Posted by Greenwood Real Properties/Keller Williams Realty under General Information

Real Estate Ready

Real Estate Ready

As you know, homeownership is one of the single biggest investments we will make in our lifetime.  That is why proper home maintenance is so important.  Regular home maintenance enhances the properties economic age (the number of years a house is expected to survive), ensures safety, prevents simple upkeep from turning into costly repairs and may even reduce energy consumption.  Having a well maintained home provides piece of mind and increases resale value.  To support our fellow homeowners in achieving this objective, Greenwood Real Properties has put together a monthly checklist, home improvement and inspection routine for you to follow.  To read the rest of the article, CLICK on the RED HOUSE and ENJOY!!

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Not all home improvements are created equal. Even in a seller’s market, it’s important that homeowners make the right investments that will yield higher returns. As you guide your clients toward a profitable sale, make sure you’re an expert on the top 10 home improvement myths so you can prevent your clients from believing them.

Top 10 Home Improvement Myths | Trulia Pro Blog.

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May

30

May Home Maintenance Checklist and Inspection Routine

Posted by Greenwood Real Properties/Keller Williams Realty under General Information


home maintenance checklist logo.pngAs you know, homeownership is one of the single biggest investments we will make in our lifetime.  That is why proper home maintenance is so important.  Regular home maintenance enhances the properties economic age (the number of years a house is expected to survive), ensures safety, prevents simple upkeep from turning into costly repairs and may even reduce energy consumption.  Having a well maintained home provides piece of mind and increases resale value.  To support our fellow homeowners in achieving this objective, Greenwood Real Properties has put together a monthly checklist, home improvement and inspection routine for you to follow.  ENJOY!!

CLICK ON THE RED HOME ICON ABOVE FOR MORE…


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Apr

10

April Home Maintenance Checklist and Inspection Routine

Posted by Greenwood Real Properties/Keller Williams Realty under Ask a REALTOR, For Buyers, For Sellers, General Information

As you know, home-ownership is one of the single biggest investments we will make in our lifetime. That is why proper home maintenance is so important. Regular home maintenance enhances the properties economic age (the number of years a house is expected to survive), ensures safety, prevents simple upkeep from turning into costly repairs and may even reduce energy consumption. Having a well maintained home provides piece of mind and increases resale value. To support our fellow homeowners in achieving this objective, Greenwood Real Properties has put together a monthly checklist, home improvement and inspection routine for you to follow.  Click on the link below to ENJOY!!

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Since the housing bubble burst, it seems like everyone and their mother can’t stop talking about what a great time it is right now to buy a home, but how good is itreally? After years of seeing home prices drop like flies and rental markets tightening up better than pair of Spanx, it’s safe to say that home-ownership is very affordable almost everywhere. In fact, it is now cheaper to buy than to rent in 98 of the 100 most populous metros – including (shocker!) pricey places to live like New York, Los Angeles and Boston.

via Ain’t No Lie, It’s Cheaper to Buy | Trulia Pro.

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