This Month in Real Estate Video – June 2011

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!

Nationwide Open House Event Kicks Off This Weekend

This weekend, real estate agents throughout the country will participate in the 2011 REALTOR® Nationwide Open House event during what is typically considered prime buying season for those in the market for a new home.

One of the main goals of the weekend – in addition to spotlighting homes for sale – is to increase awareness about the benefits of home ownership for potential buyers. Locally, many open houses will be held both on Saturday, June 4 as well as Sunday, June 5. Click here for a list and maps of open houses which will be taking place this weekend.

According to a National Association of Home Builders report, home affordability recently reached its highest level in 20 years, signaling a great time for buyers to take advantage of the significant purchasing power available to them.

For more information about the open houses taking place this weekend or to schedule an appointment with one of our agents, please contact us.

Source: REALTOR® Magazine | Full Article

New Construction Sales Boost Forecasted Through 2012

According to various reports from major homebuilders and economists, a dramatic increase in new construction sales will take place this year, likely extending into 2012.

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!

Source: Businessweek | Full Article

Happy New Year From Keller Williams Signature Partners

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!

Outlook for 2011: How Will Home Prices Fare?

As December comes to a close, the new year looms on the horizon. While we can be sure that 2011 will arrive imminently, it is uncertain how the real estate market will shift during the coming 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!

Source: Yahoo! Real Estate | Full Article