By Dian Hymer
Published: August 30,2011
Home sales in most of the country are mired in a market best characterized as sluggish, bordering on comatose. Although there are some positive indicators, like low interest rates and a gradually improving economy, the housing market is still struggling to recover. Even so, there are occasionally multiple offers even in slow markets. This occurs [...]
By Dian Hymer
Published: August 26,2011
After the tech bubble burst, people were leery about putting money into the stock market and, instead, poured money into housing. It was easy to get financing. Too easy, as it turned out. The inventory of homes for sale was low, and demand was high. When the demand is high and supply is low, prices [...]
By Dian Hymer
Published: August 22,2011
In mid-June, interest rates on home loans were lower than they were a year ago. However, this failed to ignite the housing market. Many buyers and homeowners would like to make a move, but some find it impossible to make a decision. They are commonly referred to as fence-sitters, poised to make a move when [...]
By Dian Hymer
Published: August 19,2011
The housing bubble of 2006 burst in large part because of lax lending practices that led up to the housing recession. The collateral damage from these practices caused the loss of personal fortunes through foreclosures and investment losses because of the devaluation of mortgage-backed securities tied to nonperforming mortgages, resulting in a global economic crisis. [...]
By Dian Hymer
Published: August 16,2011
Anecdotal evidence suggests that we’re moving into a summer slowdown. It’s not unusual for the home-sale market to slow during July and August when many real estate agents and buyers are on vacation. The market often picks up again after Labor Day, and October can be a good month for home sales. A slower market [...]
By Dian Hymer
Published: August 12,2011
Typically, sellers turn their home over to buyers at or after closing. It’s not that common for buyers to move into the home they’re buying before the transaction closes. There are potential risks with buyers taking early occupancy. For example, what if the buyers decide after they’ve lived in the home for awhile that they [...]
By Dian Hymer
Published: August 9,2011
Sellers often think of open houses as opportunity time. They expose a listing to buyers who might not otherwise see it. At the peak of the housing bubble, this was frequently the case. In many places there was so much demand and so little inventory that sellers could price at or below market price, put [...]
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