There are no great surprises in the National Association of Realtors® 2009 Profile of Home Buyers and Sellers, but, as in the past, the annual survey contains information useful both for consumers and for brokers and agents. The survey consisted of an eight-page questionnaire sent to 120,038 consumers who had purchased a home between July […]
Entries Tagged as 'Home Sales'
LOTS OF USEFUL INFORMATION CONTAINED IN 2009 SURVEY OF HOME BUYERS AND HOME SELLERS
November 29th, 2009 · No Comments
Tags: Home Buyers · Home Sales · National Association of Realtors · Buying A Home · NAR · Bob Hunt
MOVE-DOWN BUYERS CAN BE ELIGIBLE FOR TAX CREDIT TOO
November 23rd, 2009 · No Comments
Move up, move down, move sideways; it just doesn’t matter. Whichever direction you move, financially, you may still qualify for the new tax credit available to current homeowners. It is unfortunate that the credit has too often been characterized as a credit for “move-up” homeowners. The phrase carries the implication that the new home must […]
Tags: Home Sales · Home Buyers · Buying A Home · Bob Hunt · Home Buyer Tax Credit
DEED FOR LEASE PROGRAM IS ANOTHER ATTEMPT TO MAKE THINGS BETTER
November 9th, 2009 · No Comments
The world has not turned completely upside down, but, believe me, it is leaning precariously. Remember all those programs that were designed to turn renters into homeowners? Now we have a program to turn homeowners into renters! I refer, of course, to the Deed For Lease program rolled out by Fannie Mae on November 5, […]
Tags: Home Buyers · Home Sales · Median Prices of Homes · Buying A Home · Loan Modifications · Bob Hunt · Fannie Mae · FNMA · Foreclosures
There May be More than One “bottom” to the Market
July 20th, 2009 · 1 Comment
A recent headline in the business section of the Orange County (Calif.) Register noted that the median price of home sales had risen, but that the statistic was misleading. Most of my Realtor® colleagues would complain that the paper was going negative again. OK, point conceded; but the paper was correct.
The Register had noted that […]
Tags: Median Prices of Homes · Home Sales · Orange County Register · Bob Hunt
CONGRESSMAN CALVERT SUGGESTS WE FIX THE HOUSING MARKET BY INCREASING DEMAND
March 16th, 2009 · No Comments
Markets are governed by the laws of supply and demand. We have learned that in school, read it in the newspapers, and experienced it in real life. The problem with the housing market today, we know, is not a lack of supply. There are plenty of homes available. The problem is on the demand side.
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In […]
Tags: Home Sales · Home Buyers · Bob Hunt · The Market
THANK THEM FOR THEIR SERVICE
March 9th, 2009 · 1 Comment
The news these days is all about the economy. All day every day. It overwhelms us. One unfortunate side effect of this is that lots of other items that would normally receive our attention are pushed to the back pages, if they are covered at all.
One of those back page items is coverage of our […]
Tags: Home Sales · Home Buyers · Bob Hunt · The Market
IN A DOWN MARKET, PRICING NEEDS TO GET OUT AHEAD OF THE CURVE
March 2nd, 2009 · No Comments
In the book Shift: How Top Real Estate Agents Tackle Tough Times, author Gary Keller discusses the notion of “pricing ahead of the market.” Would-be sellers and their agents would do well to pay attention to his ideas.
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The concept of pricing ahead of the market relies on the notion that the market (i.e. the prices […]
Tags: Home Sales · Bob Hunt · The Market
BUYERS, SELLERS, AND AGENTS ARE ALL PREDICTABLY IRRATIONAL
February 17th, 2009 · 1 Comment
Predictably Irrational sounds like a book about the real estate market. But it’s not, at least not directly. It is certainly relevant reading for real estate agents, brokers, and managers. The full title of the book is Predictably Irrational: The Hidden Forces That Shape Our Decisions (HarperCollins, 280 pp.). It is written by Dan Ariely […]
Tags: Home Sales · Home Buyers · Bob Hunt · The Market