RISMEDIA, Jan. 29, 2007-Existing-home sales eased but prices stabilized as inventories tightened in December, while 2006 was the third-highest sales year on record, according to the National Association of Realtors®.Total existing-home sales - including single-family, townhomes, condominiums and co-ops - eased 0.8 percent to a seasonally adjusted annual rate of 6.22 million units in December […]
Posted on January 29th, 2007 by Brent DeRobertis
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Unless you plan to be in your new home for 10, 20 or more years you should consider the resale potential of your home at purchase time. Real estate history shows that in any previous decade, in the last 100 years, that homes appreciated, which indicates that real estate is a good long term investment. While I don’t recommend […]
Posted on January 25th, 2007 by Brent DeRobertis
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My experience has been that new buyers that get coached and do research on their own have a better overall event than those less prepared. There will always be a combination of excitement and apprehension. Understanding the entire process with “eyes wide open” leads to a lot fewer surprises. Taking on a mortgage for the first time and […]
Posted on January 22nd, 2007 by Brent DeRobertis
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Latest NVAR StatisticsÂ
As you can see from the chart, although condo prices have fallen and transactions are down, inventory is coming back down to where we have less than 10% more inventory in December 2006 vs. December 2005. My inkling is that there are more settlements going on in January than new listings. I suspect, the end of January 2007 available for […]
Posted on January 21st, 2007 by Brent DeRobertis
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This is a new forum for me to post current information on the real estate market, to answer questions, and get feedback about what’s going on out there with new home buyers/sellers. I try to monitor daily to keep the information and responses timely.
Posted on January 21st, 2007 by Brent DeRobertis
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