Monday, March 24, 2014

Spring is Here. So What Do You Need to Know About Latest Housing Numbers?

Spring is Here. So What Do You Need to Know About Latest National Housing Numbers?

The following is a guest post from Jessica Chen on Coldwell Banker Blue Matter posted by David Marine.
It’s officially spring and while the temperatures hesitantly begin climbing upward, I can without a doubt say that I’m ready to ditch the bitter cold and snow for sunshine and May flowers. With springtime, also comes a sense of renewal and beginning as we sweep out the old and look forward to the new. It’s no wonder so many people begin looking to buy homes during this time of year. The recently released February existing-home sales report from the National Association of Realtors reflects this trend as we head into spring.
With rising prices and the chilly weather, home sales declined 0.4 percent to an annual rate of 4.60 million in February compared to 4.62 million in January. The severe temperatures and snow contributed to February’s pace of sales – the lowest since July 2012.
On the bright side, total housing inventory at the end of February rose 6.4 percent up from January, and 5.3 percent above what it was just one year ago. With more homes on the market this spring, now is the perfect time to purchase, but homebuyers must act fast – the median time on market for homes in February was 62 days, down from 67 days in January.
Take a look at how home prices across the U.S. compare with one another:
  • Northeast: $237,800
  • Midwest: $140,900
  • South: $163,400
  • West: $279,400
As we bid farewell to the winter doldrums, check out the below home listings to celebrate the start of spring!
  1. Take a blast from the past in this Annapolis, MD colonial on the National Register of Historic Places
  2. Enjoy a stroll through the flower garden at 6 Twin Oaks Court in Spartanburg, SC
  3. Relax with a view of the river at this Mount Pleasant, MI retreat
  4. Start the spring anew at 120 Fox Street in Cary, IL
  5. Get lost in a good book at this Oregon City, OR home’s tucked-away garden oasis
Header image courtesy of Flickr user stella12

Tuesday, March 11, 2014

Real Estate Headlines Featuring Avicii, Exploding Home Prices and More

What’s the feeling? That sense of excitement and non-stop fun that’s looming in your mind. Oh that’s the joy of March Madness spreading. No? You don’t feel it? Maybe it’s just me since it’s conference tournament week and one week from all the rich, chocolatey bracket madness. But before I delve deeper in the depths of college basketball insanity, here is your weekly dose of real estate headlines to start your week:
Where do the most multi-millionaires live? Hint: It’s not Vietnam.
Hey brother, dear boy! Wake me up because I just saw that Swedish DJ, Avicii, just dropped $15.5 million on an incredible pad in the Hollywood Hills. Shame on me. I’m a liar liar thinking I could lay me down in a place like that.
China is guaranteeing no property crisis over the next ten year. No word yet on what make of crystal ball they are using.
Here are 10 remodeling projects that give you the best return on your investment.
This is fantastic. A step-by-step guide on how to read a mortgage rate sheet.
Lifehacker breaks down how to buy a home without a down payment. Being filthy rich and paying cash is a good start.
Should landlords consider making their rentals smart?
Is the homeowner dream still achievable after foreclosure? Star News Online reports it is.
 And finally, in an odd mix of train wreck celebrity fate, did Khloe Kardashian just buy Justin Bieber’s house?
See entire article on Blue Matter