Typical Home in 2012

Do you know what Home Features were most preferred in 2012? The National Association of Realtors has compiled a Survey of home features that is worth reading.

Study Objectives

Purchasing a home is an important life decision, and many factors can influence the home choices buyers make.

The National Association of Realtors® 2013 Profile of Buyers’ Home Feature Preferences examines the features buyers prefer when it comes to purchasing a home, as well as the differences in preferences when it comes to factors such as region, demographics and household composition. The survey captures buyers who purchased a home between 2010 and 2012.

Re-Blogged from here.

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Annual Home Values Rise 6.2 Percent Nationwide in January

DATE:FEBRUARY 21, 2013 | CATEGORY:MARKETTRENDS | AUTHOR:

The strong momentum the housing market built up in 2012 has officially carried over into 2013, ashome values rose to $158,100 last month, up 0.7 percent from December and 6.2 percent from January 2012, according to the January Zillow Real Estate Market Reports.

 

January marked the 15th consecutive month of home value gains. The 6.2 percent annual gain is the largest since July 2006, when home values rose 7.5 percent year-over-year. The last time national home values were at this level was in June 2004.

Home value appreciation was widespread in January, as all of the top 30 metros covered by Zillow experienced year-over-year gains. Major markets where home values rose the most over January 2012 included Phoenix (21.9 percent), San Francisco (17.2 percent), San Jose (16.8 percent), Las Vegas (16.2 percent) and Sacramento (13.7 percent).

On a monthly basis, 27 of the top 30 metro markets showed home value appreciation in January. TheSt. Louis and Orlando metros were the only markets that fell month-over-month. Baltimore was flat.

Because of seasonality, national rents fell slightly in January compared with December, down 0.2 percent to a Zillow Rent Index of $1,271. Year-over-year, national rents were up 4.3 percent.

Foreclosures, while falling, still remain an important and significant part of the market. Completed foreclosures slowed in January, falling to 5.54 homes foreclosed out of every 10,000 homes nationwide. That was down 0.8 homes over December and down 2.3 homes year-over-year.

“The winter months are typically when things cool off in the housing market, but high demand and continued tight inventory in many markets have helped keep things at a boil through the early part of 2013,” said Zillow Chief Economist Dr. Stan Humphries. “Demand will continue to be high throughout 2013, which will help home values and rents alike continue to rise. Foreclosure activity remains high, despite recent drop-offs. This will have the dual effects of nurturing rental demand, as displaced former homeowners seek new lodgings, and of adding supply to many markets, as foreclosed properties re-enter the market.”

Read more here.

Best of Q&A: When Is The Best Time To List Your House?

Re-blogged By:  Read the whole article here.

 

 

Q: Currently when is the best time to list your house?

It is mid January we are currently getting an estimate for putting in city sewage, new roof, and driveway. We are hoping to have this done by the end of February.

A: The best time to sell your house is when you are absolutely ready.

A home on the market cannot be a work in progress, as you will never get an opportunity to re-interest a buyer turned off by something avoidable. When the home is de-cluttered, clean, and show ready, you can welcome potential buyers with confidence.

People sometimes think that Spring is the optimal time. But keep in mind that you will have more competition then. Buyers looking for a home in the winter months are usually pretty serious and need to make a decision.

Bob Kelly, Re/Max Main Street Realty

From: realtor.com

 

5 Housing Trends You Can Turn Into Cash in 2013

Re-blogged from http://pro.truliablog.com/grow-business/5-housing-trends-you-can-turn-into-cash-in-2013/

Written by: Jovan Hackley

 

Growth, increase, jump – These and many other positive terms are being attached with the 2013 housing climate. And wh

le conversations about the good “vibes” in the market are great, the more meaningful chatter is about how to capitalize on this long awaited opportunity and turn the upward trends into real cash.

Taken straight from the headlines (and a few other sources), here are five trends you can ride all the way to the bank this year.

1. More Relocaters

Recent news from the Wall Street Journal showed that one of the major fallouts of the recovery has been a serious surge in relocating consumers around the country. While still at a low, for the fourth year in a row the number of citizens moving is up according to the most recent Census data.

How to cash in:

First, you need to figure out where your locality or region falls on the relocation spectrum. To do this, check out BusinessWeek’s recent release Where Everyone is Moving to and From in America.

Next, start positioning yourself as the local expert online. That includes not only targeted real estate ads, but also answering real estate questions that are asked in your area on Trulia Voices and other forums.

Read the rest of the article here.

More optimistic 2013!

Re-blogged from Zillow. AUTHOR:

Click Here to read full article.

Economists Expect 2012 Housing Momentum To Carry Into 2013

Today, Zillow is releasing results from the latest Zillow Home Price Expectations survey, a nationwide, quarterly survey of more than 100 economists and forecasters based on where they believe the S&P/Case-Shiller U.S. National Home Price Index is headed over the next five years.

How are you decorating for the holidays?

Pretty Christmas Living Rooms

Re-blogged from http://www.bhg.com/christmas/indoor-decorating/pretty-christmas-living-rooms/

 

Media

Go with Bright Colors

Give traditional colors a break and use the rainbow to inspire your Christmas decorations. Bright blue, pink, green, and gold ornaments hang from this twinkling evergreen, giving new meaning to the term “merry and bright.” Wrap presents in brightly colored wrapping paper and hang a colorful beaded garland from the windows to round out the eclectic decorating scheme.

Media

Use a Simple Color Scheme

A classic white living room can be holiday-ready in minutes with a few pops of red. Keep the decorating to a minimum and your living room Christmas cozy with a red-and-white beaded garland strung across the mantel. For more no-fuss holiday accents, stack birch logs in the fireplace and set reindeer-theme accent pillows on chairs. See more Christmas color decorating schemes.

Great Read

Re-blogged from http://rismedia.com/2012-11-20/builder-confidence-hits-highest-point-since-2006/

Builder Confidence Hits Highest Point since 2006
Builder confidence in the market for newly built, single-family homes posted a solid, five-point gain to 46 on the National Association of Home Builders Housing Market Index (HMI) for November. This marks the seventh consecutive monthly gain in the confidence gauge and brings it to its highest point since May of 2006. “Builders are reporting increasing demand for new homes as inventories of foreclosed and distressed properties begin to shrink in markets across the country,” says NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla. “In view of the tightening supply and other improving conditions, many …
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