June’s “This Month in Real Estate” video has been released. This edition”s top story concerns the most common repairs made to a home prior to its sale. Several market statistics for the year thus far are also included, revealing that the median sales price for homes nationally is $164,000 with mortgage rates continuing to decline. For the full story and more, click the “Play” button below.
For more information on the real estate market or to speak to one of our agents about buying or selling a home, contact us today!
This boom in sales will help to bolster a housing market that has received plenty of bad press recently for its troubles. David Crowe, chief economist for the National Association of Homebuilders, said new home sales will rise approximately 20 percent to 385,000 this year.
Despite the predicted increase, some experts believe the contracts written for new home sales will be “good” but not “great” – at least initially. As the weather transitions to spring, it is expected that the sales pace for new homes will begin its upward climb.
For more information on the state of the housing market, please contact us!
From all of us at Keller Williams, we would like to wish you a very Happy New Year! We hope that all of your endeavors in the new year are prosperous.
As always, if you are looking to buy or sell real estate in the greater Lafayette area, do not hesitate to contact us. We strive to provide the best service in the area and hope we can continue to be your real estate company of choice in the new year.
Make sure to bookmark our blog and our website as we have big things planned for the upcoming year!
With that in mind, an author at Yahoo! Real Estate attempts to play prognosticator. His forecast? Despite property values continuing to decrease, we can expect some relief by the end of 2011. For the full story, including explanations of why we can be optimistic for the coming year, please click the “Full Article” link below.
There are many factors that affect the market, and it can be difficult to rely on any predictions. Regardless of the state of the market, agents at Keller Williams Signature Partners are here to make your buying or selling experience exceed your expectations. Contact us today for more information!