Long Escrows Can Be Costly
Tuesday, January 16th, 2007 Posted in Buyer Stuff, Seller Stuff | No Comments »I have recently noticed a couple of homes in my subdivision that are back on the market after long escrows.One of them sold around the middle of 2006 and I kept noticing it listed as "pending" with a planned closing ...
Existing Home Sales Up; Prices Down
Tuesday, November 28th, 2006 Posted in About Our Area, Buyer Stuff | No Comments »The National Association of Realtors® is reporting that October sales of existing homes rose a meager .5% as the median selling price of an existing home fell by a stunning 3.5%.The median selling price of an existing home in the U.S. ...
The Appraisal Game
Saturday, October 28th, 2006 Posted in Buyer Stuff, Seller Stuff | No Comments »Consumers often believe that appraisals are the absolute gospel truth about a property's value.If the appraiser says it's worth X, then it surely must be worth X.Those of us in real estate know that appraisals are subjective and that they ...
Incentives Masking Actual Sales Prices
Friday, October 20th, 2006 Posted in Buyer Stuff, Inside Real Estate | No Comments »Seller-paid incentives for buyers and buyer agents are masking the actual sales prices in our current market slowdown.At first glance, it appears as though average sales prices are holding up pretty well.A closer look, though, reveals that the numbers are ...
Building Permits Decline Sharply
Sunday, October 15th, 2006 Posted in Buyer Stuff, Inside Real Estate | No Comments »It's apparent that local builders are hesitant to start more homes until they sell their existing inventory, according to the number of building permits issued in September.Meridian, formerly a hotbed of residential construction, issued only 76 single-family building permits in ...
