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BEWARE!
13 Extra Buyer Costs You Need to Know About
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no obligation report let's you know about 13 extra buyer
expenses you need to know about before you start your home
search. |
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ways to avoid 9 buyer traps that most buyers fail to navigate
before they happen.
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FREE Special Report
"6 Things You Must Know Before You Buy"
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identifies potential trouble-spots, and lays out an easy-to-follow
step-by-step system to help you get the most money for your home |
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Why Broker Advice Will Become More
Valuable
One
of the great assumptions made by many in
real estate is that prices are like the
morning sun, they'll always rise. You
see this premise repeatedly and with
some logic: Figures from the National
Association of Realtors show that cash
prices paid for existing homes have
risen every year since 1968.
However, before getting giddy
about such results it's good to remember
several points:
While real estate prices may have risen
in cash terms, they may not have risen
as fast as inflation for a given year.
This means the value of real estate, as
measured in terms of what the dollar can
buy, actually declined in some years.
Although prices nationwide may have
risen generally, that does not mean
prices in every state, city, hamlet, and
burg also rose.
In those cases where values have fallen,
declines are also understated because
they do not reflect the reduced buying
power of dollars eroded by inflation.
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U.S. Home Value Appreciation Rate
Breaks Record
America's
home value appreciation rate is hot,
hot, hot -- hotter than any time in
nearly three decades, according to the
latest federal statistical study.
Though most housing and mortgage
market economists had forecast a steady
slowing of appreciation rates for 2004,
home values have instead accelerated.
The home price inflation rate hit a
25-year high of 12.97 percent in the
third quarter of 2004, measured against
the third quarter of 2003.
But 12.97 percent barely hints at
how torrid the housing inflation rate
really is, said the Office of Federal
Housing Enterprise Oversight (OFHEO),
the agency that tracks home price
movements in more than 250 metropolitan
and rural markets. OFHEO's database
sample comprises over 28.8 million
repeat sales and refinancings on
existing single-family properties spread
across the country. Since the houses
were all financed or refinanced through
Fannie Mae or Freddie Mac, OFHEO has
direct access to the properties' selling
prices and appraisals.
The annualized quarterly rate for
the country as a whole during the third
quarter was 18.48 percent -- also the
highest recorded by the Home Price Index
in its 29 years of existence.
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Electronic Payments,
Benefits Increase
The
number of electronic payments has surpassed the
number of check payments for the first time in
the nation and consumers -- along with trees --
are reaping benefits.
The Federal Reserve says electronic
payment transactions totaled 44.5 billion in
2003. The number of checks paid totaled 36.7
million. In 2000, the last time the Fed checked
the numbers, checks were ahead totaling 41.9
billion, compared to 30.6 billion for electronic
payments.
The "2004 Federal Reserve Payments Study"
also found:
Check payments, at $39.3 trillion, remained the
leader in dollar amounts. Electronic payments
equaled $27.4 trillion in 2003, but that's due
to change in a few years.
Daily News and Advice
Read about the events
shaping the Real Estate market today,
find current interest rates, or browse
the extensive library of advice and
how-to articles written by some of the
top experts in Real Estate. Updated each
weekday.
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Free Online Home
Valuation
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Your Home
Didn't Sell. Do You Know Why?
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| Your home
didn't sell or your listing expired. It likely wasn't your home.
We can show you why with a FREE DVD and report, How to Sell a
Home That Did Not Sell.
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How to Get Your
Asking Price in a Buyer's Market
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FREE no obligation report and DVD showing you how to get your
asking price in a buyer's real estate market. |
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27-Keys to
Selling Your Home
Quickly and for Top Dollar
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FREE no obligation report and DVD explaining the 27-keys to
selling your home quickly and for top dollar.
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11 High Cost Inspection Traps You
Should Know Weeks Before Listing Your Home For Sale
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| To
help home sellers deal with this issue before their home is
listed, a free report entitled "11 Things You Need to Know to
Pass Your Home Inspection" has been compiled which explains the
issues involved. |
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Outpacing
the flaccid, once
technology-driven stock sector
as an investment tool, the more
potent housing market has
hammered home its position as a
cornerstone of the economy's
foundation -- and it appears to
have much more staying power.
