Current Real Estate Climate

March 3, 2014

Uneven Recovery to Continue for 5 Years

The Demand Institute, a nonprofit think tank operated by The Conference Board and Nielsen, predicts an uneven recovery for the U.S. housing sector over the next five years. The study says it wont be until 2018 that the median price of single-family homes will be near the peak reached ...

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July 10, 2013

Foreclosres Down 29%

   

Foreclosures are continuing a steady fall, as home prices rise and the housing market picks up nationwide. 

About 1 million homes were in some stage of foreclosure in May, down from 1.4 million in May 2012, a 29 ...

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July 2, 2013

Housing Recover here we come!

Thanks to some neat reserach by Motley Fool, they have deomonstrated how the US Housing Market is making a come back.  After the big melt down beginning in 2008, we are making some serious strides.  Take a look at these charts to substantiate this:

The overall pace of ...

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June 6, 2013

Market Shift?

Wow.  As I try to schedule showings for clients, it seems that more and more would-be prospects are already sold.  I did a search for a client in Carmel, 4 bedrooms, basement, 3 car garage, $300-400k (as I recall).  It yielded 8 results.  4 were pending and ...

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May 14, 2013

Rising Housing Market Likely to Lift Job Mobility

Home owners are starting to feel freer to move where the jobs are, Reuters reports, as worries about homes that won't sell or will sell at a loss begin to fade. 

Since early 2012, home prices in the major ...

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April 29, 2013

What? Another house sold from under me??

This has been a crazy week.  I've been trying to find some homes for buyers in Hamilton County in the $300-700k range.  You'd think that they'd be plenty and with lots of sellers ready to deal.

well...

Buyers in this price range drop off precipitously ...

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April 12, 2013

Foreclosure Timelines Reach New Records

Daily Real Estate News |      Friday, April 12, 2013  

Foreclosures are taking longer to complete, with the average time it takes a lender to repossess a home jumping to 477 days in the the first quarter of this year compared to 414 days in the fourth quarter of 2012, RealtyTrac ...

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March 23, 2013

Freddie Has High Expectations for Spring Market

Daily Real Estate News |      Thursday, March 21, 2013  

Get ready for the healthiest spring home-buying season since 2007, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for March.

The mortgage giant is forecasting low mortgage rates and increasing housing prices to continue, as well as gradually ...

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March 23, 2013

Buyer demand soars but where are the buyers

Daily Real Estate News |      Thursday, March 21, 2013  

Buyer demand is rapidly rising, but the housing market is realizing they may not have the inventory to meet it.

“The housing turnaround seems to have caught almost everyone in the business by surprise,” The New York Times reports. “As ...

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March 22, 2013

Inventories at 13 year lows

With inventories at 13-year lows, real estate professionals are getting creative in trying to convince home owners to sell.

“There’s such little inventory that my joke is it’s like the last shrimp at the buffet at a cocktail party and everyone’s jumping on it to try and get to it ...

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