Experts have projected that U.S. home prices will appreciate by 5.4% in 2013. If we assume that prices will rise about the same 5% over the next twelve months, here is the difference a buyer in Utah will pay if they wait a year.
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Archive for the ‘Housing’ Category
What waiting to buy could cost you…
Tuesday, May 21st, 2013• • •
Massive Changes in the Housing Market… What to Do
Tuesday, April 9th, 2013Today’s post is written by Dr. Steve Sjuggerud of Daily Wealth and clearly explains why MARKET PRICE today is still a fantastic deal.
Tuesday, April 9, 2013
“Steve, I can’t manage to buy a house,” an attendee told me over the weekend in San Diego at Everbank’s Global Currency Expo.
“The last house I tried to buy had 65 offers on it and sold well above asking price.”
This guy was not alone…
Conference attendees from Florida to Phoenix told me similar stories. “The deals are gone,” they said. So they’re giving up.
But fear not, my friends! Market price – or even “above-market price” – on housing in America is still a fantastic deal today. Let me explain…
What’s happened in real estate is nothing short of extraordinary…
Keep reading Massive Changes in the Housing Market… What to Do
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Is The Housing Recovery For Real?
Wednesday, April 3rd, 2013
A recent article in Forbes magazine about the housing recovery had great news for your clients who are looking at whether buying a house is a good financial decision. Buying now makes smart financial sense, and here is why:
The article points out that in nearly every market, potential buyers are better off financially owning than renting. Another blog quoted by Forbes shows that buying a home is still 44% cheaper than renting despite rising home prices.
Forbes also states that housing prices are in line with income in all but the most expensive coastal markets, and even in our coastal cities, price-to-income ratios are very reasonable by world standards. The post ends with this line: “That would mean that all signs point to the foundation of a real recovery.”
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Should Your Buyers Increase Their Offer?
Thursday, March 28th, 2013
Limited inventory and a very strong demand for housing has created an environment where bidding wars are commonplace in today’s real estate market. Homes priced properly are getting multiple offers within a short time of coming to market. This brings about a dilemma for the agent: How should they advise their client who is about to make an offer when other offers will also be presented?
Over the last several years, there wasn’t any pressure on the buyer to adjust their offer for three reasons:
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