Monday, July 2nd, 2012

Real estate staging expert Debra Gould suggests homeowners skip silly staging tactics that insult buyers.

By Debra Gould, StagingDiva.com

The current economy has many homeowners trying to hold on to as much equity in their home as they can. If you’re trying to save money by staging your own home, real estate staging expert Debra Gould advises you tread carefully, as many staging tactics do nothing but work against you in your goal to sell faster and for more money.

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Monday, July 2nd, 2012

By Tara-Nicholle Nelson

I’ve long marveled at how the prospect of buying or selling a home can transform the most patient poetry professor or the sweetest Sunday school teacher into a fast-talking, number-crunching, negotiator extraordinaire. Or, rather, it can make these sorts of people *think* they need to talk and act like wheeler-dealers! In my experience, this mostly involves ranting about “leaving money on the table” while they secretly quiver with the fear of making a mistake!

But offers and negotiations aren’t the only real estate decisions that make people think they should be more strategic than they are legitimately equipped to be. Many buyers and sellers believe they should know precisely how to time the market to buy at the bottom and sell at the top, despite the facts that:

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Monday, July 2nd, 2012

 

Buyers can balance the bargain hunt with realistic expectations.

By Rachel Koning Beals of U.S. News & World Report

Depending on the location, house hunters may find themselves in a strange, transitional real-estate market that’s emerging from historic lows.

Does the buyer have an advantage? Yes, in many areas, that’s still the case.

But buyers have guidelines for success in this type of market, too. They need to show that they’re serious if they hope to secure their dream house amid stiff deal-sniffing buyer competition or sellers so frustrated they may be willing to hold out for a stronger market turnaround. Professionalism and realistic expectations can go a long way toward ensuring a smooth and timely closing transaction, which is important to buyers and sellers alike.

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Monday, July 2nd, 2012

 

By: Mark Lieberman

The Case Shiller Home Price Indexes rose for the first time in eight months in April. The 10- and 20-city indexes each rose 1.3 percent, to the highest levels this year. Year-over-year, the 10-city index was down 2.2 percent and the 20-city index off 1.9 percent, both improvements from March.

Economists had expected the 20-city index to show a 2.3 percent year-year decline in April.

Prices improved month-month in all but one of the 20 cities tracked by Case Shiller; prices fell 3.6 percent in Detroit. Prices were up year-year in 10 of the 20 cities
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Monday, June 25th, 2012

Market metrics are in the midst of seasonal peaks and valleys this time of year. Listings, sales and prices all tend to reach pinnacles on the historical trend line, while market times generally take a dip to annual lows. Summer is historically an exciting time for real estate. Between vacations to see family and friends and the crush of wedding weekends, Americans manage to find the time to buy and sell real estate. The last several years have been rough, no doubt, but an undeniable gleam has returned to the marketplace this year, and summer brings with it a certain extra swoon.

In the Twin Cities region, for the week ending June 16:

  • New Listings decreased 3.7% to 1,476
  • Pending Sales increased 19.8% to 1,173
  • Inventory decreased 31.0% to 17,517

For the month of May:

  • Median Sales Price increased 10.5% to $169,000
  • Days on Market decreased 19.6% to 125
  • Percent of Original List Price Received increased 3.8% to 94.6%
  • Months Supply of Inventory decreased 43.9% to 4.6

Click here for the full Weekly Market Activity Report.

From The Skinny.

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