via Zillow Real Estate Research
In 2012, the national housing market finally turned a corner. We’ve now experienced 13 straight months of home value appreciation. Sales were up significantly over 2011 as buyers returned to the market, boosting demand.
So what will 2013 have in store? Here are five things … Read the rest
via Zillow Real Estate Research
U.S. homes are expected to gain more than $1.3 trillion in cumulative value in 2012, the first annual gain in six years and the largest since 2005.
More than 75 percent of the 177 metro areas included in this analysis – 135 in all – … Read the rest
via Zillow Real Estate Research
Zillow’s November Real Estate Market Reports, released today, show that national home values rose 0.6% from October to November to $156,200 (Figure 1). November 2012 marks the 13th consecutive month of home value appreciation. On a year-over-year basis, home values were up by … Read the rest
As reported in the Philadelphia Inquirer:
For the first time in four years, Chester County commissioners voted today to increase real estate taxes.
Taxes in 2013 will rise 5 percent, by $32.86 for a home with a median assessed value of $165,760, according to a county news release. Under the
… Read the rest
via Zillow Real Estate Research
On Wednesday December 26th, the Case-Shiller Composite Home Price Indices for October will be released. Zillow predicts that the 20-City Composite Home Price Index (non-seasonally adjusted [NSA]) will be up by 4.1 percent on a year-over-year basis, while the 10-City Composite Home Price Index (NSA) … Read the rest
via Zillow Real Estate Research
Using ZIP-code level data, economists from the USDA\Economic Research Service and West Virginia University are studying the effects of unconventional natural gas development on property values. Specifically, they are researching how the values of different types of residential properties evolve during the anticipation, development, and … Read the rest
Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspection. An inspector will be able to give you a good indication of the trouble areas that will stand out to potential buyers, and you’ll be able to make repairs before open houses begin.via Zillow Real Estate Research
As most housing markets continue to improve across the U.S., the relative position of buyers and sellers continues to vary considerably by geography. In some markets, buyers are finding themselves in strong bargaining positions relative to sellers, confidently paying less than the asking price on … Read the rest
via Zillow Real Estate Research
With mortgage rates reaching another historic low, we were curious to see what the spread between the jumbo and the conforming rate was doing. As we explained in a previous post, the jumbo vs. conforming credit spread is the difference between the rates … Read the rest
By now you have seen numerous new reports concerning the “fiscal cliff”. Many of these reports speculate that a change to the long-standing policy that allows homeowners to deduct mortgage interest payment from their income taxes could be part of the “fiscal cliff” deal. Additionally, without action, “The Mortgage Forgiveness … Read the rest
I know this is a little off topic for my blog about Chester County Real Estate, but have you ever Goggled your name? What did you find out? I share my name, Timothy Alexander, with all these interesting gentlemen.
Timothy Alexander…
This Month in Real Estate (US) December 2012
http://www.kw.com According to KW research, most sellers put their house on the market because of one or more of the following factors … A desire to move so they could upgrade or “move up” to a bigger house or a house in … Read the rest
Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here’s why it pays to work with a REALTOR®.
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Please ignore this post. An analytics company I am using requires I post this code within my blog to prove ownership. There are less obvious ways, but this is how they do it.… Read the rest
These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.
