All Posts Tagged With: "price"
Foreclosed Homes for Less Than $100,000
The latest quarterly figures are in and it’s not great news on the real estate front: According to RealtyTrac, distressed real estate accounts for 28 percent of all existing home sales in the first quarter. No less important, the typical foreclosure discount was 27 percent lower than homes not in foreclosure. Combine falling home prices [...]
27May2011 | Peter G. Miller | 1 comment | Continued
Will Rising Gas Prices Down Home Values?
About the last thing anyone wants to hear is that gasoline prices are rising. They topped $3 a gallon at year-end and the outlook for the future is hardly great: Several sources are predicting $5 gas by 2012. In a very-direct way gas prices have a lot to do with current mortgage rates, refinancing and [...]
3Jan2011 | Peter G. Miller | 0 comments | Continued
What’s A Private Transfer Fee In Real Estate?
Usually when we think of a real estate sale we think that the interest of the seller ends with closing. It is, after all, called “closing” for a reason. Now, however, some sellers are trying to maintain a financial interest in a property for decades after it’s been sold, not with a mortgage or a [...]
12Jul2010 | Peter G. Miller | 2 comments | Continued
Have Home Prices Finally Bottomed Out? 3/31/10
The latest S&P/Case-Shiller Home Price Indices are out and they suggest that home prices may be — can we say this? — firming. There are two indexes, one tracks 10 cites and the other tracks 20 cities. S&P/Case Shiller says “the 10-City Composite is unchanged versus where it was a year ago, and the 20-City [...]
31Mar2010 | Peter G. Miller | 0 comments | Continued
Should We Cheer An 18-Percent Drop in Home Prices?
According to Business Week there’s good news on the home front. “Case-Shiller Home Prices Decline Only 18%” reads the headline. And then we discover that “the latest Standard & Poor’s/Case-Shiller housing index numbers out today show the market falling less dramatically than it had been earlier in the year. The 10 and 20 city indices [...]
1Jul2009 | Peter G. Miller | 0 comments | Continued
Can This Be? Home Prices Are up?
I wouldn’t take this as the last word, but the Federal Housing Finance Agency (FHFA) is reporting that home values nationwide rose in .7 percent from January to February. “U.S. home prices rose 0.7 percent on a seasonally-adjusted basis from January to February, according to the Federal Housing Finance Agency’s monthly House Price Index. January’s [...]
23Apr2009 | Peter G. Miller | 2 comments | Continued
How Much Will Home Values Increase In The Future?
Question: What is a reasonable rate of future appreciation? Answer: No one knows or can know. No less important, rising values are not guaranteed. You may find that appreciation in a given community has grown at an average rate over a period of many years. However, such history does not tell us what will happen [...]
23Mar2009 | Peter G. Miller | 0 comments | Continued
Must A Home Seller Accept Our Full-Price Offer?
Question: We made an offer — which was at the asking price — and owner thinks he now can get more and refuses to take our offer. Can he raise the price or does he have to accept? Answer: He does not have to accept — just think of all the homes in hot markets [...]
9Mar2009 | Peter G. Miller | 0 comments | Continued
Housing Data Reports: Is The Price Really Right?
“If you want to invest in real estate,” says Jim Saccacio, Chairman and CEO at RealtyTrac.com, the leading online foreclosure marketplace, “then information is king. You want as much information as possible and you want something else: Information that’s relevant to the local area where you have an interest in real estate.” Probably the best-known [...]
26Sep2008 | Peter G. Miller | 0 comments | Continued
Speculator Risk Soars With Home Builder Discounts
If the full-page ads in my local paper are to be believed, new home demand has begun to flag. The issue is not how many units will be sold, rather it’s the way they’ll be priced. Recent ads have offered new home discounts ranging from $70,000 to as much as $100,000. In many areas across [...]
17Sep2008 | Peter G. Miller | 0 comments | Continued
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