Shortage of Homes For Sale to Continue Across Nation
MSN.com The real-estate story used to be all about prices, most recently, "When will prices stop falling and when will they rise again?"
Now the story is about inventory: When will more homes come to market, at least enough to meet the buyer demand? At least one economist is predicting that the "inventory bottom" could be a year away.
With so few homes for sale in many areas, real-estate agents have found that aspects of the bubble are back: multiple offers, sellers who will accept only cash and homes selling for more than asking price.
The boogeyman of the shadow inventory turned out to be much less than feared. Instead of the market being flooded with low-priced foreclosures, it has seen few homes for sale at all. The number of homes...
Sales of luxury homes spiked in the final months of 2012 as high-end homeowners rushed to take advantage of lower tax rates before January 1.
Note: The real estate recovery continues to pick up speed, not just in Bend, OR but across the nation. If you would like to discuss the local bend real estate market, Please call Greg Broderick, Broker at (541)280-2363
(CNN Money) Many sellers wanted to cash in on their homes before a widely expected capital gains hike -- to 20% from 15% -- that was part of the fiscal cliff budget deal. High-income earners (singles with income of $200,000 or more and couples making more than $250,000) also wanted to close sales ahead of a 3.8% Medicare surtax on investment income that was already slated to go into effect this year as part of the Affordable Care Act.
All told, a high-earner would pay $88,000 less in taxes if they made a $1 million profit on their home in 2012 rather than in 2013.
That considerable tax savings motivated...
Median sales price up 11.7% Nationwide
Marketwatch Sales of new single-family homes in the U.S. rose 5.7% in September to a seasonally adjusted annual rate of 389,000, the highest pace since April 2010, when the first-time homebuyer tax credit was initially due to expire, the Commerce Department said.
“Though the level of new-home sales remains very low, this report adds to the evidence of housing market recovery,” said analysts at RDQ Economics.
The government revised down the sales pace in August to 368,000 from a prior estimate of 373,000.
Economists surveyed by MarketWatch had expected new-home sales in September to rise to an annual rate of 387,000, given recent gains in other housing-market data, such as confidence among home...
Just in... The Bratton Report for Central Oregon
October 2012. View the latest market update on the Central Oregon real estate market here on http://www.BendRealEstate.com . Click on link below to learn more about the local homes for sale and homes sold trend, while viewing charts, graphs & statistics on what is happening in todays everchanging Bend Real Estate landscape. through September of 2012. (Hint, It's all good news for local property owners).
Have a question on the data? We know Bend Real Estate! Call (541)280-2363 or email greg@BendRealEstate.com to ask a local expert about a home purchase or sale in Deschutes County. The Hasson Company Realtors and Greg Broderick, the Sign of Experience. ...
Housing Inventory Down...
The number of homes listed for sale in the U.S. fell 18 percent last month from a year earlier, and the time they stayed on the market dropped 11 percent, signs of a strengthening housing market, according to Realtor.com data. You can watch a video about the recovery here
There were 1.8 million homes for sale in September, down from 2.2 million a year earlier and more than 40 percent below the September 2007 peak of 3.1 million, according to the National Association of Realtors’ website. Properties on the market last month had been listed for an average of 95 days, down from 107 days a year earlier, Realtor.com said today.
"The real estate recovery is well on its way in Bend, Oregon. The home buyers who have...
Great First Impressions. Your Homes Curb Appeal.
Many of us grew up hoping we'd one day own the perfect American suburban dream, a home with a white picket fence. And, there is a certain charm and warmth that comes with a house lined with pickets. However, when you look at fencing today and the options available for your home, there is a lot more to choose from and so you can and should shop around! First of all your fencing should be determined by your lifestyle needs and surrounding area. Are you located on a sprawling ranch or nestled between lofts in the city? Your fencing may need to be dictated by those factors, in part. Do you have a need to keep animals in or out? If so, special electric dog fencing, a solid wall or deer fencing may be essential for your home. You can learn more about selling your home by increasing your curb appeal ...