As real estate markets throughout the United States show signs of rebounding, many home owners are once again considering selling their homes. Home values across the nation plummeted in recent years because of the overall recession. As a result most real estate markets became a “buyer’s market.”
ZipRealty’s new Housing Trends Report is showing a 16.4% year-over-year increase in median home prices in 24 metros, according to MLS data. The median home price in these metro areas rose to $262,409 as of April 30, 2013.
“We’re seeing sales close quickly – in 32 days on average – at nearly full listing price or 98.9% of their asking price,” says ZipRealty CEO and President Lanny Baker. “In fact, homes are selling at 100% or more of their list price in nine cities we analyzed, and in two weeks or less in six cities we analyzed,” he notes.
If you are seeking a permanent residence, vacation getaway, or an investment opportunity; buying a home in a beach community can offer a relaxing or lucrative lifestyle. As summer commences across the United States, now is a great time to explore some of the top beach community options for potential home buyers.
Cape Cod, Massachusetts
Remodeling Projects That Don't Make Financial Sense for Home Sellers.
For most people, the "dream home" they purchased when they were in their 20s falls short of qualifying as a dream home a few years down the road. If you purchased your home before you had children, for example, you may quickly find that you need more space.
After months of looking, you’ve finally found the home of your dreams. It’s the right price, in a neighborhood you love, and even has that backyard you’ve been hoping for. You tell your agent about it, and then they give you the bad news: it’s pending.
Today we’re excited to introduce our first annual ranking of the Best Places for Families to Live. When searching for a home, many families are looking to buy in high-performing school districts, but they don’t want to break the bank doing so (since good schools are often in affluent areas).
In today’s competitive, seller-friendly real estate market, the list price of a home is not always an accurate reflection of the home’s value or an indicator of what the home will sell for. With an inventory shortage and rising home prices, buyers often find themselves bidding against each other - and over the list price - for a home they love.