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Date Archives: August 2016

RE/MAX Professionals Blog Home
Buying | 6 Posts
Coronavirus | 3 Posts
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Selling | 1 Posts
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Uncategorized | 14 Posts

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August
24

LOCAL HOUSING REPORT

 

High buyer-traffic looks promising for the remainder of the year with residential construcion, buyer confidence, and housing starts all being up in recent months. The numbers below depict a comparison to last year's market at this time.

     • Median Sales Price increased 6.6% to $239,900

     • Days on Market decreased 14.3% to 54

     • Months Supply of Homes For Sale decreased 21.1% to 3.0

 

Click here to view the full report.

 

 

NATIONAL HOUSING REPORT

 

In the middle of popular summer selling season as temperatures warm up so do home sales. Low-inventory of homes continues to present a challenge, but overall month-over-month stabilization is a good sign for the market. Here is a snapshot of the national market compared to last year at this time. 

       • Transactions are up 0.7%

       • Median Sales Price increased 2.2% to $229,900

  • Inventory of homes decreased by 15.6 %

 

Click here to view the full report.

August
10

We're sure that those looking to either buy or sell a house want the process to be as simple as possible. Did you know doing some of the items listed below can actually prolong or complicate the process? Whether you are a home-buyer or seller, we've compiled a list of our few, top suggestions for what NOT to do.

couple with boxes

 

Don't quit or change your job

Don't buy any large ticket items (cars, furniture, etc.)

Don't make ghost deposits (all funds need to be traceable)

Don't be dishonest with the lender about child support, alimony, wage garnishments or any other payroll reduction

Don't work with or sign agreements with more than one REALTOR

Don't get too far down the road without knowing and agreeing upon your non-negotiables.

Don't change your name during the mortgage process

Don't order Direct TV, Cable, Telephone or any other utility that will pull a credit report unless you want to write a letter of explanation about the credit report to the mortgage company

 

For more tips on what NOT to do, talk to one of our experienced agents. 

August
3

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