Here are some staging tips if you are selling your home:
1. Boost curb appeal
2. Get house sparkling clean
3. Clear away clutter
4. Strike a balance between clean and lived in
5. Take a good look at your floors
6. Choose sophisticated neutral colors
7. Clear up toys
8. Use "extra" rooms wisely
9. Beware of pet odors
10. Stage the outdoors too.
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Wednesday, February 5, 2014
Monday, February 3, 2014
Real Estate News - Update
The big economic news last week was in real estate, with sales of existing-homes for all of 2013 hitting their highest point since 2006. Sales of existing single-family homes, townhomes, condominiums and co-ops grew by 1 percent in December to an annual rate of 4.87 million, the National Association for Realtors reported.
Compared to a year ago, last month was down 0.6 percent from a 4.90 million-unit pace from December 2012, the association reported, but when 2013 was taken as a whole, its 5.09 million sales were 9.1 percent higher than 2012. Annual performance hasn’t been that good since 2006 when sales hit a high of 6.48 million during the housing bubble.
“Existing-home sales have risen nearly 20 percent since 2011, with job growth, record low mortgage interest rates and a large pent-up demand driving the market,” said NAR chief economist Lawrence Yun. “We lost some momentum toward the end of 2013 from disappointing job growth and limited inventory, but we ended with a year that was close to normal given the size of our population.”
In terms of price, the median price for all existing homes of all types hit $198,000 in December, marking a 9.9 percent increase from December 2012. Looking at the full year, the national median existing-home price for the entirety of 2013 was $197,100, marking an 11.5 percent gain over 2012’s median of $176,800. This was the biggest yearly gain since 2005’s 12.4 percent increase.
Helping drive that price growth was a shrinking number of transactions of distressed homes, such as foreclosures and short sales, which comprised 14 percent of December’s sales. While this was unchanged from November it was down considerably from December 2012’s 24 percent.
And prices might continue to grow given the supply of homes for sale. Housing inventory for December fell 9.3 percent to 1.86 million existing homes available for sale, representing a 4.6 month supply at the
ERICWISE
Branch Manager
direct: (317) 759-28491644 Fry Rd cell: (317) 258-6303Greenwood, IN 46142fax: 317-489-5230josh.wise@movementmortgage.comNMLS: 990676movementmortgage.com
Compared to a year ago, last month was down 0.6 percent from a 4.90 million-unit pace from December 2012, the association reported, but when 2013 was taken as a whole, its 5.09 million sales were 9.1 percent higher than 2012. Annual performance hasn’t been that good since 2006 when sales hit a high of 6.48 million during the housing bubble.
“Existing-home sales have risen nearly 20 percent since 2011, with job growth, record low mortgage interest rates and a large pent-up demand driving the market,” said NAR chief economist Lawrence Yun. “We lost some momentum toward the end of 2013 from disappointing job growth and limited inventory, but we ended with a year that was close to normal given the size of our population.”
In terms of price, the median price for all existing homes of all types hit $198,000 in December, marking a 9.9 percent increase from December 2012. Looking at the full year, the national median existing-home price for the entirety of 2013 was $197,100, marking an 11.5 percent gain over 2012’s median of $176,800. This was the biggest yearly gain since 2005’s 12.4 percent increase.
Helping drive that price growth was a shrinking number of transactions of distressed homes, such as foreclosures and short sales, which comprised 14 percent of December’s sales. While this was unchanged from November it was down considerably from December 2012’s 24 percent.
And prices might continue to grow given the supply of homes for sale. Housing inventory for December fell 9.3 percent to 1.86 million existing homes available for sale, representing a 4.6 month supply at the
ERICWISEBranch Manager
Thursday, January 30, 2014
Preventing/Dealing with Frozen Pipes
Winter Weather Preventions!
During these winter months of very cold temperatures you want to be sure you take precautions so your pipes do not freeze. This short video will give you some tips and precautionary ideas so you will not have any freezing problems.
Wednesday, January 29, 2014
Home Buyer Seminar, Greenwood, IN
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Your Keys to Real Estate
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Tuesday, January 28, 2014
Indianapolis Home Show -
92nd Annual Indianapolis Home Show at the Indiana State Fairgrounds.
The nation's oldest and the Midwest's largest home-focused extravaganza with more than 900 exhibitors. Jan. 24 to Feb. 2: Fridays 11-9, Saturdays 10-9, Sundays 10-6, Mon-Thu 11-9. $13 ($3 ages 6-12). Info: See Web site or call 317-705-8719.
Location: Indiana State Fairgrounds, 1202 East 38th Street, Indianapolis, Marion County.
www.indianapolishomeshow.com/
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The nation's oldest and the Midwest's largest home-focused extravaganza with more than 900 exhibitors. Jan. 24 to Feb. 2: Fridays 11-9, Saturdays 10-9, Sundays 10-6, Mon-Thu 11-9. $13 ($3 ages 6-12). Info: See Web site or call 317-705-8719.
Location: Indiana State Fairgrounds, 1202 East 38th Street, Indianapolis, Marion County.
www.indianapolishomeshow.com/
[Ref #585201] More Home Shows
Locate this address with MapQuest
Monday, January 27, 2014
Indiana Outlook on Real Estate!
Photo: flickr (ellbrown)
Retail real estate property is remaining at a 7 percent vacancy rate in Indiana.
The state of real estate forecast was presented in Indianapolis on Thursday afternoon.
Representatives from the commercial real estate company Cassidy Turley covered various aspects of real estate, including industrial, retail, office, and capital markets.
“Sales are up 3 percent to 3.5 percent,” Cassidy Turley Senior Vice President Bill French said. “However, we are just starting to see the fallout of that,” he says, citing leak projected earnings announced by GameStop and Best Buy.
French says the holiday shopping season went well with sales up 3 percent.
“The occupancy rate has increased dramatically,” he said. “We’re seeing just about 7 percent is the vacancy rate, which is a healthy number.
French added that some submarkets are seeing vacancy rates as low as 4 percent, which, he predicts, could spawn new development activity in the near future.
Friday, January 24, 2014
Find a Home in Greenwood, IN - Use my Mobile App!
Try this great Keller Williams Mobile App for free!! It has a built in GPS so wherever you go you will be able to find information about homes at your fingertips! Just go to you apps store and find "Keller Williams Realty" use my agent code: KW2BZBYTQ and enjoy! Be sure and sign up for the current sweepstakes for $50,000. You may be a winner!!
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