Those Callaways Real Estate

Archive for June, 2011

Thinking of Selling Your Home? Plan Ahead – Way Ahead.

June 30th, 2011 Published in Selling  |  3 Comments

by Judy Klem on ActiveRain – June 13, 2011 Getting your home ready to sell? The basic equation goes something like this: Time + Effort + Money = Ready to Sell. It’s very easy to underestimate the time, effort and money it takes to get your house ready to sell. Stint on the time element […]

Rent or Buy?

June 29th, 2011 Published in Housing Market  |  1 Comment

The cliché says that there has never been a better time to buy.  The hard data in the housing affordability index confirms that.  The affordability index, which takes into account median income, median home price, and mortgage rates, has been bouncing around in the 180 to 200 range since the beginning of this year – […]

Why Home Sales Will Rise This Year

June 28th, 2011 Published in Housing Market

by Lawrence Yun, chief economist of the NATIONAL ASSOCIATION OF REALTORS® – June 2011 The first quarter ended with decent home sales activity, but the rest of the year should be even better. Here’s why.   The first quarter ended with decent home sales activity, with existing homes selling at an annualized pace of 5.1 […]

Home-price index lowest since 2002

June 18th, 2011 Published in Housing Market  |  1 Comment

by Derek Kravitz – May 31, 2011. Associated Press WASHINGTON — An index of home prices in big metro areas has reached its lowest level since 2002, driven down by foreclosures, a glut of unsold homes and the reluctance or inability of many to buy. Prices fell from February to March in 18 of the […]

Commercial Real Estate Markets Stabilizing, Demand Growing

June 17th, 2011 Published in Housing Market  |  3 Comments

Washington, DC. May 24, 2011 The improving economy and job creation mean growing demand for commercial real estate, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said job creation will be the biggest factor moving forward. “Job growth creates demand for commercial space, and the economy should be adding between 1.5 […]

Heating and Cooling Costs

June 16th, 2011 Published in Selling  |  18 Comments

by Sophia Stuart, Marketing Associate Energy efficiency is an important feature for home buyers. NAR’s 2010 Profile of Home Buyers and Sellers includes some interesting data about buyers’ preferences for energy efficient features in a home. Study findings show that: Buyers in the East South Central and West South Central tended to place the highest […]

April Existing-Home Sales Ease

June 15th, 2011 Published in Housing Market

Washington, DC. May 19, 2011 Existing-home sales slipped in April, although the market has managed six gains in the past nine months, according to the National Association of Realtors®. Existing-home sales(1), which are completed transactions that include single-family, townhomes, condominiums and co-ops, eased 0.8 percent to a seasonally adjusted annual rate of 5.05 million in […]

Phoenix-area rental homes dominate housing market

June 14th, 2011 Published in Housing Market  |  1 Comment

Foreclosures, recession spur surprise market shift by Catherine Reagor – May 18, 2001. The Arizona Republic Metro Phoenix has long been known for its supply of affordable houses, easy to buy and resell. Now, the rental market is dominating the region’s housing sector, something many real-estate experts and agents didn’t expect. Rental homes of all […]

Good buy or goodbye?

June 14th, 2011 Published in Buying  |  1 Comment

Tips for shopping for foreclosed, short-sale and flipped homes. by Peter Corbett – April 23, 2010. The Arizona Republic It has a mountain out back and, apparently, a mountain of debt. Weeds and overgrown landscaping obscure a for-sale sign in the front of the foreclosed home northwest of Deer Valley and Cave Creek roads in […]

Foreign Buyers Recognize Value of Home Ownership in U.S.

June 6th, 2011 Published in Housing Market  |  1 Comment

Washington, May 18, 2011 The U.S. continues to remain a top destination for foreign buyers as international purchases surged by $16 billion this year, one of the highest increases in recent years. This is according to the National Association of Realtors®’ 2011 Profile of International Home Buying Activity. According to the survey, total residential international […]