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Showing posts with the label real estate

Largest Increase in Home Prices Since 2006!

Home prices nationwide soared 10.2% in February!   This is the largest year-over-year increase in home prices since March 2006, according to CoreLogic.   It also marks the twelfth consecutive monthly increase in national home prices. According to CoreLogic’s report, these figures includes distressed sales.   When excluding distressed sales, home prices rose 10.1% year-over-year in February. Nationally, home prices improved at the best rate since mid-2006, marking a full year of annual increases.   CoreLogic predicts that home prices (excluding distressed sales) are expected to rise 11.4% year-over-year from March 2012. Off to a great start in 2013!             For more more real estate news , visit my website at CristinaTheREALTOR.com .  

Home Sales & Prices Continue to Rise

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February existing-home sales and prices affirm a healthy recovery is underway in the housing sector, according to the National Association of REALTORS® . Sales have been above year-ago levels for 20 consecutive months, while prices show 12 consecutive months of year-over-year price increases. Total existing-home sales , which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.8 percent to a seasonally adjusted annual rate of 4.98 million in February from an upwardly revised 4.94 million in January, and are 10.2 percent above the 4.52 million-unit level seen in February 2012. February sales were at the highest level since the tax credit period of November 2009. For more more real estate news , visit my website at CristinaTheREALTOR.com .

MAINE HOME SALES UP IN JANUARY

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Continued great news! In a press release to the media today, Maine Listings reports that Maine home sales increased 21.39% in January 2013 compared with January 2012. In that same time period, the median sales price increased 3.18% to $162,000.   To read more, visit: http://mainerealtors.com/ Statistics/2013PressReleases/ MaineHousingReport- January2013.pdf

Is Now a Good Time to Buy Your First Home?

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There are many factors to take into consideration when answering this question. One of course is interest rates, which have already reached historic lows (at least in the last 20-25 years) and continue to drop even lower. This won’t continue to happen forever! The foreclosure inventory continues to grow, keeping the majority of the prices low. Prices on homes right now are the lowest they have been in years. The programs that are available to first-time home buyers make it easier than ever to get a mortgage. Many of the programs offer low to no down payments, assistance with closing costs and options for the seller to contribute toward costs. Combine these three factors with the new home owner tax credit that the government has bestowed on first time home buyers ($7500 in your pocket) and it creates a an ideal situation. Put simply, there are a lot of good reason to buy right now! Many people believe that this is the golden age for buying real estate because everything is in the buyer’

10 "Do’s & Don’ts" for Home Buyers

Avoiding common mistakes can make the home buying process simpler and less stressful. Keep the following in mind to help improve your home-buying experience: Do Your Homework - Enter the market well-prepared by researching location, school district, deed restrictions and taxes. Don't Try To Make a Shrewd Investment - Focus on finding the best place for you and your family to live rather than trying to predict the real estate market. Location, Location, Location - Consider what part of town you would like to live in and avoid homes located on busy streets. Don't Overlook an Inferior Floor Plan for an Attractive Exterior - Choose a great floor plan over a great exterior because you'll spend far more time inside the house than outside. Don't Overlook How the Home Will Function For Your Family - Consider features that are most important to your family and choose a home that will meet those needs. Always Have the Home Properly Inspected When Buying a Resale - Hire a state-li