source: http://www.coastalgroupoc.com/blog/proven-secrets-for-selling-your-home.html
10 secrets to selling your home
December 29, 2016 By Leave a Comment
New Home Sales Race to Keep Up with Demand
December 7, 2016 By Leave a Comment
- Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.
- The median home price decreased slightly from September’s high of $314,100 to $304,500 in October.
- The West saw the largest month over month jump in sales at 28.7%.
Buying a Home Can Be Scary Unless You Know the Facts
October 31, 2016 By Leave a Comment
- 36% of Americans think they need a 20% down payment to buy a home.
- 44% of Millennials who purchased a home this year have put down less than 10%.
- 71.8% of loan applications were approved last month.
- The average credit score of approved loans was 731 in September.
7 Graphs That Show the Real Estate Market Is Back
October 26, 2016 By Leave a Comment
- Distressed property sales fell to its lowest number since NAR began tracking it in 2008.
- With fewer distressed properties, sales are up in all price ranges except the $0 – $100K price range.
- Interest rates are still at historic lows, for many, now is the time to buy.
WEALTH ON THE RISE
October 21, 2016 By Leave a Comment
This is part of a report from an International study done by Luxury Portfolio, a subsidiary of Leading Real Estate Companies of the World.
Personal wealth has grown substantially all over the world since the offi cial end of the recession in 2010. The latest statistics from the wealth monitoring at Credit Suisse suggest a rapid growth not only of the wealthy, but also the ultra-wealthy. Consider the statistics, below:
The ranks of the ultra-wealthy, at $50 million or more in net worth, have also soared to new heights. Worldwide there are an estimated 123,838 individuals at this prestigious level, an increase of 53% in just fi ve years. What’s more, half of the world’s ultra-wealthy live in North America, which is adding to the count more than twice as fast as Asia-Pacifi c (58% versus 22% growth 2010–2015) and still faster than Europe (39% growth between 2010–2015). The concentration of wealth continues to remain in the West, despite the strong inroads made by Eastern economies. As more individuals enter into the world of wealth, we decided to take a closer look at the Global Top 1%, or in this case, those with a minimum of USD 3 million in assets (excluding primary residence).
Here’s a link to the entire study.
Average Time to Foreclose Is Getting Shorter
October 19, 2016 By Leave a Comment
Properties in the third quarter took an average of 625 days to complete a foreclosure, down from 630 days a year ago. It was the first year-over-year decrease since ATTOM Solutions began tracking average foreclosure timelines in the first quarter of 2007.
Nineteen states saw their foreclosure timetables shorten from a year ago, led by Nevada (down 22 percent); Massachusetts (down 22 percent); Michigan (down 21 percent); Oregon (down 20 percent); and Texas (down 20 percent).
Meanwhile, the following states had the shortest foreclosure timelines, as of the third quarter: Virginia (196 days), New Hampshire (230 days), Texas (246 days), Minnesota (250 days), and Mississippi (253 days). All five of these states have non-judicial foreclosure processes.
View this chart of the U.S. to see your state’s average foreclosure timeline as of the third quarter:
Why Airbnb May Be Illegal
October 11, 2016 By Leave a Comment
I’m not taking a stand on Airbnb, but this video is entertaining while also educational. As it turns out, there are lots of reasons renting out your place––or even staying in someone else’s place––could be a really bad plan.
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