California Resales Price Up 30%
September 23, 2010 by admin
Filed under california, Positive Real Estate
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The median price of resale homes in California has risen almost 30 percent since February 2009, after falling 58.8 percent from its record high in 2007, the California Association of Realtors reported yesterday.
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10 Reasons to Buy a Home
September 17, 2010 by admin
Filed under Real Estate Articles
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Why is now a great time to buy? Here are 10 reasons:
1. You can get a good deal. Prices are down 30 percent on average. They’re at a level that makes sense for people’s income.
2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.
3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.
4. It’ll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?
5. You can get a better home. In some markets, it’s simply the case that the nicest places are for-sale homes and condos.
6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.
7. It’s risk capital. If the economy picks up, you stand to benefit from that, even if you’re goal is just to have a nice place to live.
8. It’s forced savings. A part of your payment each month goes to equity.
9. There is a lot to choose from. There are some 4 million homes available today, about a year’s supply. Now’s the time to find something you like and get it.
10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.
Source: Wall Street Journal, Brett Arends (9/16/10)
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Fannie Mae Survey-70% say now is a good time to buy
September 17, 2010 by admin
Filed under Positive Real Estate
- Image by dalechumbley via Flickr
A survey by Fannie Mae shows that 70 percent of Americans believe it is a good time to buy a home. That is up from 64 percent in January 2010. Still, 33 percent–up from 30 percent in January–say they’ll rent next time around. About 67 percent believe housing is a safe investment, down from 83 percent of people questioned in a similar survey in 2003. Reuters
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Housing Market Climbing Back
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Mid-Atlantic Region Shows Signs of Recovery
Rockville, MD – RealEstate Business Intelligence-RBI, just issued its August 2010 Mid-Atlantic real estate market report which shows signs that home prices and days on market are experiencing positive changes as the summer selling season nears its close.
“Recuperation is slowly underway in the Mid-Atlantic region’s housing market,” said Jonathan Hill, President of RBI. “New contracts increased while new listings declined from last month. These factors, combined with an increase in average sold price and a decrease in average days on market over the same period last year, point to increased solidity in the housing market.”
- Prince George’s County YTD sales have increased by 44 percent over last year, after also increasing during July.
- Baltimore City showed an increase of 10 percent in sales compared to August 2009.
- The District of Columbia sustained a $36,000 increase in average sales price (7 percent).
- Prices in Virginia increased by 7 percent compared to August 2009
- Average sales price in Baltimore County increased by $15,000 over last month
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Texas Hill Country Real Estate Market Remains Steady; Boosting Horseshoe Bay Home Values
September 7, 2010 by admin
Filed under Real Estate Articles
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Horseshoe Bay, TX
The real estate woes which are affecting most of the country today seem to have missed central Texas and the Hill Country. Sales in Austin and the Highland Lakes communities, including Horseshoe Bay homes for sale and Lake LBJ real estate, remain brisk and steady.
Horseshoe Bay ONE Real Estate, Inc. announces its location on 112 acres of land located in Horseshoe Bay, TX. This tract fronts on two major arteries that are currently being engineered as a mixed use development. The commercial tract is poised for significant growth in the Horseshoe Bay real estate market. The property boasts a new veterinary clinic plus a retirement development that is currently under contract.
Horseshoe Bay ONE Real Estate combines resources with Burget, Derrick & Associates to create a formidable team of experienced Horseshoe Bay agents and support crew.
According to a Forbes report based on IRS data, an increasing number of wealthy Americans are moving to Llano County Texas. This area ranked in the top four national destinations for wealthy investors seeking waterfront properties and ranches, is leading the market for smart investment choices. Texas has the forth lowest tax burden in the country and great year round weather. “Whether investors are looking to find Llano County Ranches or Horseshoe Bay lakefront homes, home buyers will experience a positive and profitable, long-term growth trend,” comments Art Snell, President of Horseshoe Bay ONE Real Estate.
Horseshoe Bay, located 35 miles west of Austin, TX, is planning for significant growth that is predicted over the next five years. The city of Horseshoe Bay is located on the shores of Lake LBJ, a constant level lake and is the home of Horseshoe Bay Resort blessed with three world class golf courses and Jack Nicklaus is building a forth slated to open in November. In addition Escondido, a private club, is located in Horseshoe Bay provides a fifth course touted as one of the finest courses in Texas.
With the increased growth seen in the local real estate market, Horseshoe Bay ONE Real Estate is on the path of progress and growth that is unique to most real estate markets in the country. Buyers are forsaking Wall Street for real estate and opportunities abound in this market. For additional information and opportunities about Texas Hill Country real estate or Horseshoe Bay TX homes, please visit www.hsbONE.com.
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Texas Land is America’s Best Buy
September 7, 2010 by admin
Filed under Positive Real Estate
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El Paso, TX
Texas Land is America’s best buy in real estate today
A recent study of land prices by SunsetRanches.com in Texas and California revealed startling price differences and reveal Texas as one of America’s greatest values in land sales.
El Paso, Texas – A recent study of land prices by SunsetRanches.com in Texas and California revealed startling price differences and reveal Texas as one of America’s greatest values in land sales. As the economic recession continues, many Americans are keen to take advantage of falling real estate prices by investing in land. Unlike stocks and paper money, land is a stable, tangible investment whose value has historically always increased with time, making it the perfect venture to ride out the present market.
Land sellers are currently offering some amazing prices for acreage, and Texas appears to be providing the best deals in terms of quality land at a low cost. For example, Sunsetranches.com, an online land retailer, is now offering 20 acres of Texas land for only $99.00 per month. These lots are surrounded by beautiful mountain views and are located only 50 minutes away from El Paso, the second safest city in the US. They also provide the perfect terrain to build on, keep cattle and horses, camp, or use your RV. The lots are close to the Interstate, school, food, gas, lodging, and a post office as well.
How does Texas land prices compare to other land prices in America? While these 20 acre Texas lots are now being offered at the low price of $12,900 with $0 down, similar 20 acre tracts of land in California are being sold for approximately $52,000. That’s almost 5 times the cost of land in Texas! With unbelievable prices and terms these Texas lots are selling quickly and now is a great time to invest in land.
About SunsetRanches.com:
SunsetRanches.com has been in business in Texas for more than 30 years. They employ a staff of trained professionals who are well versed in all facets of land acquisition, including zoning, taxes, deed restrictions and comparable properties. Sunset Ranches is a member of the BBB in good standing and has pledged to observe their high ethical standards of business practice.
Contact Information:
For more information on Texas land and the properties offered by Sunsetranches.com, visit www.sunsetranches.com
or call:
Anthony Romano
1 866 – 882 – land
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Fine Living in a World Class Lakefront Resort Setting – in Tennessee
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Gallatin, TN
When it comes to superlative living environments that offer privacy, quality construction, and well-maintained natural surroundings, homebuyers usually turn to planned developments, with lakefront communities being the most sought after destinations. While Florida or NC waterfront communities are quite popular in the southeastern parts of the country, potential residents are missing out on some excellent Gallatin, TN real estate properties, most notably the lakefront golf and country club community called Fairvue Plantation.
A 1,000-acre master planned development built around the historic Fairvue Mansion that was built in 1832, Fairvue Plantation offers fine living in a world-class resort setting, with two separate areas divided by Old Hickory Lake: Fairvue and Foxland. Many beautifully-designed neighborhoods occupy these areas, each with its own distinct style and homes to match.
“We have an incredible selection of homes constructed by our own Builders Group that follow a strict standard in building fine custom residences,” says Joe Godfrey, Broker and Sales Consultant for Fairvue Plantation. “There are classic single family residences, elegant villas, sprawling estates, superbly restored historic homes and other quality plantation homes for sale,” adds Godfrey.
Then of course, there’s the golf, with two signature 18 hole golf courses–the Lakes Course and Foxland Course, both designed by golf course architect Bill Bergin, offering 36 holes and a fully outfitted clubhouse with casual and fine dining. The Foxland Course was recently named as one of the best new private courses in the country by Golfweek Magazine and was also the venue for the U.S. Senior Open qualifying events and the State Amateur Championships. The club also features a lakeside pool, fitness center and guest cottages.
With 9 miles of pristine shoreline, the best selection of homes for sale in Tennessee, plus numerous recreational opportunities, Fairvue Plantation is the ideal place to live, vacation or retire. “We offer an exceptional alternative to often visited waterfront communities,” says Godfrey. “If you’re thinking of investing in lakefront property, consider heading to Tennessee – you just might be surprised at what you’ll find in Fairvue Plantation,” he adds.
Should you need more information on Fairvue Plantation, give Joe Godfrey a call or visit their website at http://www.Fairvueplantation.com.
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Broward Pending Home Sales Continue to Rise
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Miami, FL
Total cumulative pending home sales – including single-family homes and condominiums – in Broward County increased 17 percent in August 2010 compared to August 2009, from 6,705 to 7,845, and increased .19 percent, up from 7,830, compared to the previous month according to the MIAMI Association of REALTORS and the Southeast Florida Multiple Listing Service (SEFMLS).
Contrary to national trends, which show near-term home sales noticeably lower since the expiration of the homebuyer tax credit, the South Florida real estate market continues to strengthen, primarily due to the highest concentration in the U.S. of international buyers.
Pending condominium sales in Broward fared better than that of single-family homes. Broward County pending condominium sales in Augustwere 27.4 percent higher than they were in August 2009, up from 3,414 to 4,350, and were .625 percent higher than the previous month, up from 4,323.
“We are optimistic about signs of stability in the Broward marketplace,” said Terri Bersach, 2010 president of the Broward County Board of Governors of the MIAMI Association of REALTORS. “Buyers should take advantage of low interest rates and record affordability.”
Compared to August 2009, Broward pending sales of single-family homes rose 6.2 percent, from 3,291 to 3,495, and decreased .342 percent, down from 3,507, compared to the previous month.
International Buyers Strengthen Broward Market
Home sales in South Florida have increased dramatically since August 2008, and home prices continue to stabilize. South Florida, where an estimated 60 percent of sales involve a foreign buyer, continues to be the top area in the nation for international buying activity.
“With pristine beaches, a great quality of life and affordable pricing, Broward County continues to be a huge draw to foreign buyers,” said Natascha Tello, president-elect of the Broward County Board of Governors of the MIAMI Association of REALTORS. “These buyers are instrumental in helping to strengthen the South Florida real estate market.”
A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing. Increased pending sales are an indication of increased future sales. The MIAMI Association of Realtors reports the cumulative number of pending sales.
MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating its 90th year of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents 23,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 60 international organizations worldwide. MIAMI’s official website is www.miamire.com.
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Texas Land is America’s Best Buy
September 3, 2010 by admin
Filed under Positive Real Estate
- Image via Wikipedia
El Paso, TX
Texas Land is America’s best buy in real estate today
A recent study of land prices by SunsetRanches.com in Texas and California revealed startling price differences and reveal Texas as one of America’s greatest values in land sales.
El Paso, Texas – A recent study of land prices by SunsetRanches.com in Texas and California revealed startling price differences and reveal Texas as one of America’s greatest values in land sales. As the economic recession continues, many Americans are keen to take advantage of falling real estate prices by investing in land. Unlike stocks and paper money, land is a stable, tangible investment whose value has historically always increased with time, making it the perfect venture to ride out the present market.
Land sellers are currently offering some amazing prices for acreage, and Texas appears to be providing the best deals in terms of quality land at a low cost. For example, Sunsetranches.com, an online land retailer, is now offering 20 acres of Texas land for only $99.00 per month. These lots are surrounded by beautiful mountain views and are located only 50 minutes away from El Paso, the second safest city in the US. They also provide the perfect terrain to build on, keep cattle and horses, camp, or use your RV. The lots are close to the Interstate, school, food, gas, lodging, and a post office as well.
How does Texas land prices compare to other land prices in America? While these 20 acre Texas lots are now being offered at the low price of $12,900 with $0 down, similar 20 acre tracts of land in California are being sold for approximately $52,000. That’s almost 5 times the cost of land in Texas! With unbelievable prices and terms these Texas lots are selling quickly and now is a great time to invest in land.
About SunsetRanches.com:
SunsetRanches.com has been in business in Texas for more than 30 years. They employ a staff of trained professionals who are well versed in all facets of land acquisition, including zoning, taxes, deed restrictions and comparable properties. Sunset Ranches is a member of the BBB in good standing and has pledged to observe their high ethical standards of business practice.
Contact Information:
For more information on Texas land and the properties offered by Sunsetranches.com, visit www.sunsetranches.com
or call:
Anthony Romano
1 866 – 882 – land
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Miami-Dade Pending Home Sales Continue to Rise
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Miami, FL
Total pending home sales – including single-family homes and condominiums – in Miami-Dade County increased 33.7 percent in August 2010 compared to August 2009, from 7,570 to 10,119, and increased .06 percent, from 10,113 to 10,119, compared to the previous month according to the MIAMI Association of REALTORS and the Southeast Florida Multiple Listing Service (SEFMLS).
The South Florida real estate market continues to strengthen, primarily due to the highest concentration in the U.S. of international buyers, contrary to national trends, which show near-term home sales noticeably lower since the expiration of the homebuyer tax credit.
“The pending sales figures for August coupled with strengthening single-family home prices are good news for the South Florida real estate market, but there are still attractive opportunities for prospective buyers,” said Jack H. Levine, 2010 chairman of the board of the MIAMI Association of REALTORS. “Pending sales rose month-over-month and year-over-year, showing that this is still a great time to purchase a home, especially in the local market. Interest rates are at a record low and expected to remain that way for the remainder of the year while inventory is still plentiful, giving buyers many properties to choose from. Furthermore, the local market is expected to outperform other markets throughout the U.S. due to its international appeal, resulting in strengthening home values into the future.”
Pending sales of condominiums in Miami-Dade County continue to perform better than that of single-family homes. In August, condominium pending sales increased 49.7 percent compared to the previous year, from 3,848 to 5,759 and increased 0.7 percent, from 5,720 the previous month. Pending sales of single-family
homes in August increased 17.1 percent from the previous year, from 3,722 to 4,360, and decreased a slight 0.8 percent from the previous month when pending sales totaled 4,393, showing a preference for condos in August.
Pending Sales Indicative of Strengthening Market
Monthly home sales in South Florida increased dramatically for a period of 23 months since August 2008, while condominium sales continue to surge. Increased pending sales are an indication of increased future sales. A sale is listed as pending when the contract is signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.
“We expect home sales to continue to increase in South Florida for the remainder of the year and headed into 2011, provided the job market continues to improve,” said Oliver Ruiz, 2010 residential president of the MIAMI Association of REALTORS. “International buyers in particular continue to positively impact the local market, creating short- and long-term demand for South Florida properties and contributing to strengthening home prices.”
MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating its 90th year of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 23,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 60 international organizations worldwide. MIAMI’s official website is www.miamire.com.
