“When I talk to people all over the country, I find that value has new meaning today,” says Michael Saunders, owner of Michael Saunders & Company in Sarasota, adding, “and I mean value with a big V.” People are buying for different reasons today. Value extends beyond price to how well the home and the [...]
“The market has solidified,” says Stephen Baird, president and CEO of Baird & Warner, noting a slight uptick in the number of properties sold. According to the Illinois Association of Realtors, July sales were up 4 percent over June and slightly above July 2008. Activity is concentrated in the lower price brackets. As in many [...]
No waiting for the high-end to rebound here. Single-family sales were up 64 percent over 2008 in July; condo sales rose 48 percent.
“We’re definitely seeing that people are not standing on the sidelines any longer. People are jumping back into the market and there are some very good opportunities out there,” says Jill Eber of [...]
The rebound began this spring here and post-Labor Day interest bodes well for the autumn. “We began to see some life in the old gal in April,” says Saul Cohen, president of Hammond Residential GMAC Real Estate in Chestnut Hill, referring to the real estate market.
In the city’s up-and-coming South End, it’s been the busiest [...]
Texas has weathered the housing downturn better than other states and Austin is one of the stars, according to a recent report from the Brookings Institution. According to the North Carolina-based Local Market Monitor, Texas metros poised for possible price growth include Dallas, Houston and San Antonio.
“We are sort of insulated here from the rest [...]
There are a lot of positives in Las Vegas, where July sales of single-family homes and condos were the highest of any July since 2005, according to MDA DataQuick. Single-family sales increased by 33 percent, tracking 16 consecutive months of year-over-year gains. Condo sales continued their 13-month climb with a 126-percent increase.
“The rebound is starting [...]
The numbers tell the story in this Florida city that has been plagued with foreclosures. Increases in both pending sales and sold transactions paint a picture of a market coming back to life.
August saw 109 pending sales in the $500,000-to-$1 million price bracket in Orlando’s Orange County — an impressive number considering that from January [...]
Buyer interest in the last six months exceeds all of last year, says Coldwell Banker agent Terri Perlini, who closed more than $17 million in sales so far this year. Homes selling in the $1 million-plus price bracket in one month are not the exception here. The number of homes on the market is down [...]
Not too long ago, a $3.3 million home in Westport listed by Alexander Chingas and The Riverside Realty Group received four offers in a single day after six months on the market. In Greenwich, a former Rockefeller property came back on the market for $24 million after an extensive renovation and sold in weeks. Anecdotes [...]
“For the first time since we began our home builder executive survey 15 months ago, more California builders reported raising prices than those who reported prices were flat or down,” said Jody Kahn, vice president of Irvine, Calif.-based John Burns Real Estate Consulting. The survey’s color commentary underscores the positive effect of federal intervention, though [...]
