Survey finds things lookin’ up
December 23, 2008 by admin
Filed under Positive Real Estate
Leading Real Estate Companies of the World® “Housing Beat” survey :
- 9 % of member brokers are seeing an increase in closings, 26 percent are experiencing more pending sales (homes under contract but not yet closed), although many of those contracts are for foreclosure properties
- 1/3 of brokers are seeing more open house and Web site activity, and 54 % are seeing much more flexibility from banks in responding to short-sale inquiries
- 90 % are experiencing more activity with first-time buyers
- 22 % reporting the same for move-up buyers
- 14 % for high-end buyers
- 72 % believe that the original allocation of government funds to provide credit relief to banks was necessary, although most qualified their responses with a strong tone of frustration by noting that the disposition of the funds has been poorly managed with minimal favorable impact on local markets.
hile all we hear is about market declines these prices have gone up. Your positive real estate has found by way of Zillow that 30 of the 163 metropolitan statistical areas covered, either showed gains in the median value of homes in the area or values stabilized.
Here are the 10 areas where values increased:
* Ithaca, N.Y., 5.6%
* State College, Pa., 4%
* Jacksonville, N.C., 3.9%
* Winston-Salem, N.C., 3.4%
* Bay City, Mi., 3.2%
* Rochester, N.Y. 3.1%
* Greenville, S. C., 2.8%
* Anderson, S.C. 2.7%
* Burlington, N.C., 2.6%
* Spartanburg, S.C., 2.0%
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