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ABC's of Real Estate in Online Business Directory

July Real Estate Report: Inventory is up but prices are stable. What does the future hold? We'll take a closer look in our national and regional report, including graphs that track home values over the last year. When Your Home's Value is Less Than the Mortgage. With the real estate market cooling off some people are finding themselves in an awkward situation. For the first time in years the value of their home is less than what they owe on their mortgage. Several things have contributed to this. First, home prices aren't increasing like they were the last few years and in come cases have even dropped. Second, specialty loan products like option ARMs and interest only loans have made it easy people to buy more home than they can afford. There is a solution. Should You Buy a Home in Today's Market? Owning a home is the American dream, but the real estate market can be a scary thing especially with all the volatility in mortgage rates and housing prices. There are several simple questions that you should ask yourself before buying a new house. The good news is that these questions remain the same no matter what the real estate market is doing for the most part. Proper Pricing on New Listings. Many sellers think there is nothing wrong with pricing a property too high when the listing is new because they can always lower the price later. Since the market is changing, we thought this was once again an important topic. Focus on Resale Value: When you are thinking of buying a home, it may be time to get back to basics and focus on what makes for good resale value. Location, Location, Location. Interest Rate Report: Rates have risen recently. Consumer confidence is riding high but inflation is creeping up. What does it all mean? More Sellers Competing for Fewer Buyers: If you are a seller, now is the time to focus on fundamentals so that your house gets noticed FIRST! The most fundamental thing about selling your home is price.

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