Welcome to the June 7, 2009 edition of real estate market reports. This week, we are starting to get market reports showing that the portion of the markets affected by the First Time Homebuyer Tax Credit are seeing activities in new contracts. Additionally, rising interest rates are starting to stir buyer activity as well.
Housing Report
Bill Gassett presents Westboro Real Estate Market Report May 2009 posted at Metrowest Homes Blog, saying, “In comparing year over year longer term data for Westboro Massachusetts, the average list price and sale price both went down year over year from January to December. This can be attributed to the on going weakness in the real estate market in Metrowest MA. There was however a decrease in the days on the market for the same period in Westboro MA. This is indictive of sellers becoming more realistic in pricing their homes properly.”
Silicon Valley Blogger presents Best Places To Retire For Cheap posted at The Digerati Life, saying, “Thanks!”
Tallahassee Real Estate presents Why Try To Sell Your Home For Sale By Owner posted at Tallahassee Real Estate Blog, saying, “Yesterday’s blog on “For Sale By Owners” created some interesting discussion both here and at a real estate networking site that I visit on a regular basis. It seems that, oddly enough, my viewpoint was shared by most REALTORS®, yet some of our readership was mixed”
Local Real Estate Data
Lenn Harley presents ASHBURN VIRGINIA MARKET REPORT HOMES SOLD in MAY 2009 posted at Lenn Harley, Broker, Homefinders.com in Maryland and Virginia, saying, “Ashburn is a major employment center for Northern Virginia. High tech employment has seen steady growth in Ashburn Virginia since the early 1990s as the attraction of Dulles Airport, smart tax incentives to employers and major road improvement to manage traffic has made this area a target for national and international companies.
Home buyers have benefited from this growth as major builders were attracted to the area. Prices are far lower than Fairfax County real estate and the public schools in Loudoun County are popular and scholastic achievement is high.”
Monique Hailer presents About Southern Maryland posted at Southern Maryland Waterfront Real Estate, saying, “About Southern Maryland
The Southern Maryland region boasts rural history & maritime culture. Southern Maryland is made up of the tri-county area of Calvert, Charles, and St. Marys. The counties are divided by the Patuxent River, a tributary of the Chesapeake Bay, with St. Marys & Charles Counties on the west and Calvert County on the east. Nestled between the Potomac River and the Chesapeake Bay, Southern Maryland Real Estate is only a short drive from major cities like Washington, D.C. and Baltimore.”
Kathy Torline presents 11 things to ASK about when buying a new home in Colorado Springs posted at Colorado Springs Vintage Homes Blog.
Tallahassee Real Estate presents Real Estate, FSBOs, and Fishing Nets posted at Tallahassee Real Estate Blog, saying, “For those of you that do not know, “FSBO” is a term used in the real estate industry for people who are trying to sell their home without a real estate brokerage company. The term “FSBO” stands for “For Sale By Owner.” So, I’m sitting here wondering what people are thinking about when they put their home on the market without the benefit of an international marketing effort.
The following real estate graph is the measurement of home sales failure rates in Tallahassee. The results are staggering:”
Real Estate Market Report
Tallahassee Real Estate presents Home Affordability Report Removes The Hype posted at Tallahassee Real Estate Blog, saying, “Anybody who has a stake in the real estate market is hyping today as the best time to buy a home in the history of housing. It’s one thing to keep reading about how rates won’t be this way forever, but how does that translate into affordability for today’s prospective home buyer?”
Elizabeth Bolton presents Arlington Home Sales by School District posted at CentersAndSquares – Cambridge Real Estate Info and More by Elizabeth Bolton, saying, “Thanks Joe!”
Donna Bigda presents Morris Cove New Haven CT Real Estate Market Report May 2009 posted at Branford Connecticut Real Estate Blog – Donna Bigda RE/MAX Alliance, saying, “Understanding the general direction of the current Morris Cove real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Morris Cove.
There are currently 31 homes for sale in Morris Cove ranging in price from $89,900 to $799,000.”
Jacqulyn Richey presents Las Vegas Housing Market: Foreclosures Down, Sales Up posted at Las Vegas Real Estate News, saying, “The Las Vegas real estate market is showing signs of recovery. Sales are up and for the first time in several months, foreclosures are down.”
Other Information
Chris presents 7 things you can do to help the agent sell your house, part 1 posted at Home I Own.
Darwin presents 40 Year Mortgages – And 50 & 60 Year Mortgages While We’re at it posted at Darwin’s Finance, saying, “This article highlights little-known 40 year mortgage loans, pros, cons and covers how even 50 and 60 year loans exist now.”
Handy Saputra presents Steps To Lower The Interest Paid On Your Mortgage posted at Home Loan | Mortgage Resources, saying, “If you are looking to lower your rate of interest on your mortgage, your bank will take several factors into consideration. They may need to find out if you are able to make the installments on time; and whether this deal is profitable for the bank or not. If you are capable of getting lower interest rates that help you clear your loan faster and also minimize your overall payments then it is really good for you to refinance your mortgage. Following are some suggestion to lower your rate of interest on your mortgage.”
Gavin R. Putland presents From the subprime to the terrigenous: Recession begins at home posted at LVRG Blog, saying, “The recessions in Europe and Asia were not entirely Made In USA.”
The Smarter Wallet presents 4 Ways To Survive The Credit and Mortgage Crisis posted at The Smarter Wallet, saying, “Thanks!”
Tallahassee Real Estate presents How To Prepare When Financing A Home posted at Tallahassee Real Estate Blog, saying, “Things sure have changed a lot. I would have to say that things are completely back to normal when it comes to financing a home purchase. The no-doc (no documents required) loan days are over, and for good reason, so home buyers are having to be better organized and better prepared in order to close on their new home purchase.”
Handy Saputra presents Home Mortgage Refinance: The Making Home Affordable Plan May Help posted at Home Loan | Mortgage Resources, saying, “Are you one of the millions of Americans who has been contemplating a home mortgage refinance? Perhaps you have lost your job, or had to take a cut in pay. You might not be able to sell your house in the current real estate market and are now facing foreclosure. These are all the scenarios for which President Obama enacted his “Making Home Affordable” plan.”
yossy presents Borobudur posted at Travel and Tour Indonesia, saying, “Art Building in Yogyakarta Indonesia”
That concludes this edition. Submit your blog article to the next edition of real estate market reports using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.
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