Showing posts with label market report. Show all posts
Showing posts with label market report. Show all posts
Thursday, January 8, 2009
Thursday, December 18, 2008
10 Real Estate Predictions for 2009
2009 is likely to be a year of continuing adjustment to a changing real estate marketplace. Prepare yourself and your business with these predictions from HGTV’s FrontDoor.com Web site.
• Sellers will continue to face falling home values in the new year because they’ll be competing with banks and builders who are slashing prices to sell off the still-huge inventory of foreclosures and new homes.
• The Obama administration will act on its plan to crack down on abusive lending practices.
• Mortgage holders in danger of losing their homes will receive more assistance from a variety of programs since the Senate’s Joint Economic Committee has predicted two million foreclosures in 2009.
• Banks’ restructuring should bring increasing calm, making loan modifications and short sales easier to obtain. Eventually this will lead to a decrease in the number of bank-owned properties on the market.
• Mortgage applications will continue to receive a comprehensive review, requiring borrowers to provide extensive income and debt documentation. Those with the best credit will get the best rates.
• The foreclosure crisis has created wiser consumers, with a deeper understanding of real estate, mortgages and credit, enabling better decision-making going forward.
• Green is good with increasing numbers of buyers opting for smaller homes that are within walking distance of school and work.
• Buyers and sellers will be more and more tech savvy, relying on tools like video, webcasts, and mobile search. Consumers and practitioners will benefit from being ahead of the curve.
• Prices will be low as will interest rates, creating great buying opportunities, and likely, inspiring reluctant buyers to make their move.
• The recession will end and buyers will regain confidence in the market.
Source: Frontdoor.com (12/03/2008)
© Copyright 2008 INFORMATION, INC. Bethesda, MD (301) 215-4688
• Sellers will continue to face falling home values in the new year because they’ll be competing with banks and builders who are slashing prices to sell off the still-huge inventory of foreclosures and new homes.
• The Obama administration will act on its plan to crack down on abusive lending practices.
• Mortgage holders in danger of losing their homes will receive more assistance from a variety of programs since the Senate’s Joint Economic Committee has predicted two million foreclosures in 2009.
• Banks’ restructuring should bring increasing calm, making loan modifications and short sales easier to obtain. Eventually this will lead to a decrease in the number of bank-owned properties on the market.
• Mortgage applications will continue to receive a comprehensive review, requiring borrowers to provide extensive income and debt documentation. Those with the best credit will get the best rates.
• The foreclosure crisis has created wiser consumers, with a deeper understanding of real estate, mortgages and credit, enabling better decision-making going forward.
• Green is good with increasing numbers of buyers opting for smaller homes that are within walking distance of school and work.
• Buyers and sellers will be more and more tech savvy, relying on tools like video, webcasts, and mobile search. Consumers and practitioners will benefit from being ahead of the curve.
• Prices will be low as will interest rates, creating great buying opportunities, and likely, inspiring reluctant buyers to make their move.
• The recession will end and buyers will regain confidence in the market.
Source: Frontdoor.com (12/03/2008)
© Copyright 2008 INFORMATION, INC. Bethesda, MD (301) 215-4688
Monday, December 8, 2008
Destin Market Conditions/Navarre Market Conditions
I just added a market conditions chart to the site. It lists the average prices of real estate in Navarre and Destin. Along with the tracker, I have various real estate market condition reports available that I try to update as they are released from ECAR's MLS system, Solid Earth.
CLICK HERE to view the statistics.
CLICK HERE to view the statistics.
Thursday, December 4, 2008
THE Navarre Real Estate Blog
So, I've decided to use blogger for blogging from here on out.
The old blog will still be available at it's same spot, ( CLICK HERE) it's just that this is an easier format to keep up with.
Anyways, todays update includes the October 2008 Real Estate market report that is put out by the Emerald Coast Association of Realtors. I try to update this as often as the information comes out.
Areas included in the market report include Destin, Fort Walton Beach, Navarre, Niceville and many of the other communites here along the Emerald Coast.
View the market report here.
The old blog will still be available at it's same spot, ( CLICK HERE) it's just that this is an easier format to keep up with.
Anyways, todays update includes the October 2008 Real Estate market report that is put out by the Emerald Coast Association of Realtors. I try to update this as often as the information comes out.
Areas included in the market report include Destin, Fort Walton Beach, Navarre, Niceville and many of the other communites here along the Emerald Coast.
View the market report here.
