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Posts Tagged ‘house price predictions’

Not long ago, real estate sales involved hammering a sign in the yard, placing newspaper ad’s and mailing post cards to neighbors.  Today, selling a home requires a huge amount of internet advertising and distribution…which means using great photographs, video’s and social media to boost your properties image and catch a buyer’s eye. 

If you are one of the thousands of  home sellers looking to capitalize on the real estate recovery and pocket maximum profit from your home sale, you have to embrace the internet.  Home buyers use Ipad, tablets, desktop computers and smart phones to shop online and compare hundreds of homes for sale.  Today’s buyers quickly scan through hundreds of listings on sites like Zillow and Realtor.com, looking for that one home that catches their eye. 

To maximize the sales price of your home, consider these 5 tech savvy tools and tips

  1. Use Professional Grade Photography.  A recent study revealed that professional property photo’s increase the perceived value of a home by 13 percent.  Considering that a 13% added value on a $250,000 home equals an increase in value of $32,500, it could well be worth your while to hire a pro.  Buyers are visually oriented, so selling your home has become a bit like a beauty pageant, of sorts.  To increase your sales price, provide the best possible pictures on the internet to grab the buyer’s attention and motivate them to schedule a home showing.
  2. Post a Video Tour on YouTube.  About 20% of buyers search online for home video’s.  Grab their attention by posting a video on InfoTube.net .  We will upload it to YouTube for you, or you can upload toYouTube.com by yourself.
  3. Include a Floor Plan of Your Home.   If possible, include an interactive floor plan that shows how rooms in your house relate to one another.  Interactive floor plans combine the floor plan with professional photo’s and create an exciting shopping experience for home shoppers.
  4. Get Rid of Clutter.  We have all heard this before, but it is amazing at the number of people who do not pay attention to this simple advice.  Buyers are not interested in buying furnishings; they are shopping for a home.  Your house will show much better if it is clean, organized and all personal items are removed.
  5. Advertise on the MLS.   The internet has made it possible for sellers to list property on the MLS and sell it By Owner.  The MLS is the national database of homes that are For Sale.  If your listing is not a part of the MLS, you are missing millions of home shoppers every month, who will never know your house is For Sale.  All MLS listings are distributed to every major search engine for real estate including Realtor.com, Zillow, Trulia, Google, Yahoo and many more.  These websites report buyer traffic in excess of 24 million home shoppers each month.  If you want to maximize your sales price and profit, you have to be on the MLS

Thank you for visiting InfoTube.net.  Please search our website for fantastic deals on thousands of homes for sale by owner, investor and builder.    For more great marketing tips and home improvement idea’s…then be sure to LIKE us on Facebook. 

Housing Outlook for the Next 6 Months

Tuesday, June 25, 2013 posted by Tommi Crow

The real estate market was overheated during the first 6 months of 2013.  Low home inventory, record low interest rates and the lack of new construction were to blame for the unsustainable, rapid price increases and multiple bidding wars for properties. 

5 Reasons we do not feel the hyper-inflated housing market will, or should, continue. 

  1. Rising Interest Rates – Interest have risen sharply in the past few weeks and the trend continues up.  Current rates will slow the number of homebuyers and speculators that are coming into the market during the next 6 months.
  2. Marginal buyers have been priced out of the market due to bidding wars, rapid price increases and higher borrowing costs.
  3. Wall Street and large investment groups are curtailing their buying.  One-third of all homes purchased this year were Cash sales.  This translates to heavy investor buying, which will slow down going forward in 2013.
  4. Shocking run up in home prices are not sustainable.  In May, home prices were up 12.1% on average.  This brings home price levels to a 5 year high.  Pricing is now at a point that many of the short term gains have been realized, and the market will fall back to more normal levels.
  5. Realtors and builders report that inquiries and calls from new customers is down 11%, so far for June. 

Summary:  We feel that the housing market was under valued at the start of 2013, but a frenzied market chewed through much of the low hanging fruit.  With rising interest rates, and increasing inventory levels, we see a move to more sustainable and healthy growth moving forward.   It is still an excellent time to buy or sell.   Inventory levels will increase, but they will remain on the low side throughout the year.  Interest Rates are still at historic lows and price increases, although impressive, leave the average home price far below levels seen in 2006 and 2007.    

Thank you for visiting InfoTube.net

6 Reasons 2013 is a Home Sellers Market

Wednesday, January 23, 2013 posted by Tommi Crow

Prices for existing homes rose another 7.7% in the month of December.  For our customers who have been patiently waiting for the market to favor sellers, instead of buyers…the tables have finally turned. 

Why is the housing inventory so low in 2013?

The Wall Street Journal writes a good article on this, pointing to six reasons:

1. Many homeowners are underwater, and thus can’t sell.
2. Homeowners with equity in their home don’t have enough of it to “trade up” to buy a bigger and more expensive  home.
3. Everyone wants to buy at the bottom, but few want to sell when they feel their home will be worth more next year.
4. Investors – from mom and pop and corporate investors have come out and become landlords, taking property that normally would be on the market into the rental realm.
5. With the foreclosure fiasco, banks have been slower at foreclosing homes.
6. There’s been a lot less construction of new homes by home builders.

What does this mean for home sellers?

1.   Advertising your property on the MLS and Realtor.com has never been more crucial to reach qualified home buyers.  Realtors and homebuyers are searching for new listings, daily, because there is nothing on the market that fits their needs.  If your home does not appear in these real estate search engines, chances are that no one will ever know your home is for sale and you will miss your window of opportunity.

2.   Holding an Open House on the weekend is a great way to get people who see your listing online  into your home for an actual showing.

3.  Place a FREE listing on InfoTube.net.  InfoTube is visited by thousands of people daily who are looking for “by owner” property.

4.  The homes that are flying off the market are the properties in the best condition, location and they are priced right, ready to sell.  Homebuyers will not look at a house that is overpriced, hoping to negotiate back and forth.  They are buying homes that are reasonable to purchase and are ready to move into.

5.  Keep your InfoTubes and InfoBoxes full of flyers.  We receive calls from buyers everyday who want more information, but the container is empty.  Be sure to keep a back stock of brochures on hand in time of high traffic.

Home sellers should act quickly to take advantage of the present market conditions because they will not last.   Home inventory levels will increase as home builders react and start more new homes.  Banks will quickly work there way through millions of foreclosures that are still sitting in limbo.    And, home buyers are snapping up houses right now to lock in low interest rates and low home prices.   If you want to sell your home for the most money, in the least amount of time, you should act aggressively.  Time is of the essence.

Thank you for visiting InfoTube.net.   Post a free property listing on our website.  Search for thousands of homes for sale seen no where else.  Buy an InfoTube or InfoBox to market your property..nothing beats providing a brochure about your home, instantly to a prospective buyer.   Put your property information in front of millions of internet home shoppers and real estate agents with our low cost MLS and Realtor.com listing packages.   Whatever you need to sell your home….we have you covered since 1988.

Proof the Real Estate Market Has Turned Around

Wednesday, September 12, 2012 posted by Tommi Crow

The cover story for the September 10th weekly magazine Barron’s is on the recent surge in real estate and how the rise in property prices is no fluke.  We agree with the many experts and professionals that believe the recovery is real…and that is will continue in the foreseeable future. 

First take a look at the chart below.  You can see that housing starts (crucial to rebuilding our economy) bottomed in 2009 and have been trading in a healthy base pattern for 2 years.  In February of 2011, we finally started moving up off the bottom and the trend is continuing.

We all know that real estate can not thrive in an environment where lenders will not lend money.  Tracking real estate loans is a good indicator for the future direction of housing.  As you can see in the chart below, there has been a dramatic increase in lending, which has pushed the housing market higher over the past year.  We believe this trend will continue and will improve as lenders work there way past non-performing assets and bad loans liablities.

Finally, we show a chart of home prices since 1991.  The chart shows that home prices are certainly on a sustainable upward trend, since the 2006 crash.

 

In conclusion, we believe conclusive evidence shows that there is immediate long-term opportunities for homebuyers and investors in the housing market.  InfoTube is BULLISH on housing and the stocks of home builders, some REIT’s and home improvement giants like Home Depot and Lowes Hardware.

Thank you for visiting InfoTube.net.  We are Made in the USA manufacturers of the InfoTube and InfoBox real estate marketing tools.  If you have a home to sell…you need this product.  Exposure is everything in this market!!!  Show and Sell! 

Thanks to Barrons and Seeking Alpha for giving us facts and charts for this story.

New Rules for Comparable Sales and Apprasial Info

Wednesday, August 29, 2012 posted by Tommi Crow

The real estate meltdown has changed many things about the way we think about real estate and property values.  

Recently, we watched 3 home sales close in the same neighborhood.  Typically, the price per square foot and price range for all 3 homes would be similar…given that the ranch style homes were of similar age, size and were located in the same small neighoborhood.    What we learned today was that the 3 homes sold in a range from $200,000-$400,000…or from $100-$200 a square foot.  

The vast difference in the prices tells us a story about why comps (or comparable sales data) is not the indicator of true value that is has been in the past.   Today, we have essentially 3 housing markets, thus 3 price ranges in every neighborhood. 

    First, we have the bank owned home that sold for $200,000.   This is the home that no one cares about.  The lawn is 2 foot tall…the air conditioner has been pilfered through for copper and spare parts, the appliances have been stolen and the home has been abandoned.     This property was purchased by a rehab company, who will put a lot of money into its restoration, then resell it for a profit, at an estimated $400,000.

   Second, is the home that sold for $300,000, but, far short of the loan balance owed against it.  This house was always lived in and had never been vandalized, but all maintenance had been deferred and no updating had taken place in years.  The seller knew they were losing the home and had no money available to properly maintain the residence.    This home was sold to a young couple who didn’t mind doing some cosmetic work in order to save money. 

The third home located right around the corner from the other two closed for $400,000.  This home was meticulously maintained.  The interior and exterior had been upgraded with high end finishes and colors.   The home was move in ready.     The only thing this move up buyer had to do was unpack their personal belongings and enjoy themselves. 

As these 3 properties illustrate, we have 3 different real estate markets developing across the USA.    Typically, homes in the same neighborhood were very similiar to one another, so sales data was easy to compare.  Today, there may be 3 distinct markets in every neighborhood, so beaware that price ranges can vary greatly.  

If you are attempting to value property today, you must look at the category your home is in…ranging from bank owned/abandoned to high end/move in condition to determine the average price per square foot in your neighborhood.   Eventually, all this upheavel will work itself out… and houses in a neighborhood will once again be more similiar than different…but until then, make sure that you compare apples to apples when buying or selling

Thank you for visiting InfoTube.net.  Visit our website to place a FREE home listing, view great deals on all types of property, place an MLS listing or feature your property on Realtor.com.

                           The recession/depression and housing crash have certainly altered the old American Dream…at least for the foreseeable future.   The ongoing foreclosure crisis will drive another 3 million families to rent single family homes before 2015.

These millions of people are not typical renters, either.  They are older.  They have furniture, appliances, kids and pets.  They are not interested in apartment living.  They are looking to move back into single family homes, after foreclosure.   This new growth in single family rentals is the fastest growing part of the rental market and the pace is unprecedented.

A Nation of Renters Appears to be the Plan?

Private Equity groups smell the blood in the water.  They are buying up billons of dollars in distressed property, which they will in turn rent back to American families.  Colony Capital, for example, has purchased over 1ooo single family homes since December of this year and plans to invest at LEAST $1.5 BILLION more this year. 

In the next 5-10 years, investment firms will gobble up hundreds of billions of dollars of single family homes, at basement prices.  They will Raise rents every chance they get over the next 3-5 years.  Then, they will dump these properties for a profit and move on something else.

How does a Renting Society change the American neighborhood? 

The combination of transient families and declining home values will take a huge toll on American neighborhoods.    A rentership society is much less likely to spend money on plants, a fresh coat of paint, new carpet or a fenced yard—as they would if they owned the home they live in.   

Renters also mean shifts in student populations and present more challenges for our school systems.  Many schools in the Phoenix area report that 50% of their students will be new this year, a far higher percentage than normal.   Everything slows down when a new student enters a classroom and parents are less likely to be involved, when they are not sure they will be there for long.

Is American homeownership still the American Dream?

Thankfully, the answer is YES.  83% of people who lost their homes to foreclosure or distress sales say they want to own their own home again.  Most say they will buy something smaller than they had.  Many promise they will never again tie up so much of their income for a home.  Many who are forced to rent feel displaced.  They feel that they are living in someone else’s house.   They are fearful of entering retirement without having a home that is paid for…which only owning and paying off a mortgage will accomplish.    So, yes, neigborhoods are changing…new homeowners aren’t families, but are investment firms…but appears for all the right reasons… the American dream is alive… at least for now. 

Thank you for visiting InfoTube.net.  We have been helping homeowners, builders and investors market their properties since 1988.  We can help you, too.  Please visit our website for details.

    

We finally have an avalanche of positive news regarding on the real estate and housing market for 2012.   

  1. Foreclosure activity in 2011 is down more than 50% lower in several states, including New Jersey, Maryland and Florida.  Realty Trac
  2. The much feared “shadow inventory” of foreclosures declined dramatically in 2011.  In December 2012, 2.2 million properties were in some stage of foreclosure.  In September 2011, that number dropped to 1.5 million units…or a whopping 32% in nine months.  Realtytrac
  3. Realtors in some hard hit area’s, such as Michigan and southern California, are reporting a shortage of housing inventory and a return to bidding wars in tight markets.  
  4. Wall Street thinks the worst is over.  Stocks of the nation’s five largest, publicly traded, home builders are at 52 week highs signaling an upswing in home construction in 2012.  In addition, the home builders have been snapping up deals on land and abandoned subdivisions in anticipation of increased buyer demand.  CNBC
  5. Realtors and home builders are getting a boost from rising rents, as Americans realize that owning a home is often less expensive than renting one.   And, while future rent increases have no ceiling on how high they can go, ownership locks in housing expenses and equity is created as the loan balance decreases each month.
  6. Legal issues, property maintenance and other issues complicating the foreclosure process will push banks and lenders to approve more short sales in 2012, further reducing housing inventory.
  7. Interest rates will remain at historical lows in 2012, which allows more people to qualify for a home and cheap money buys more house for the same monthly payment. 
  8. Foreclosure activity was down more than 30 percent in 2011.   Fewer than 2 million properties foreclosure notices were filed in 2011, down from 2.9 million property filings in 2010.  Realty Trac

InfoTube believes that this news spells OPPORTUNITY for home buyers, home builders, investors and real estate agents.  Home prices and affordability are excellent, yet buyers and investors can still find good bargains.   Today’s smart home buyers will feel like geniuses in ten years when the see what inflation has done to home prices. 

If you have a home to sell, we can help.  Visit InfoTube.net to place a FREE home listing about your property or to buy an InfoTube or InfoBox to advertise your property to drive by customers.  Or, supersize your marketing efforts with an MLS listing.  The MLS and Realtor.com reaches millions home buyers each day that otherwise would not know your home is for sale!!!

Would you like to see what the housing market has in store for 2012?  If so, take a moment to watch this video.

Housing Market 2012

Remember that in spite of the doom and gloom…10,000 sets of keys are handed to new homeowners every single day!!  

Thank you for visiting InfoTube.net…a FREE marketing website for owners, builders and agents.  

Remember that… Who you buy From is as important as What you Buy!   Look for Made in the USA products and support US workers!!

Prediction – Top 10 Housing Markets in 2011

Monday, January 17, 2011 posted by Tommi Crow

The Housing Predictor has released its forecast for the Top Housing Markets in 2011.

According to the companies research, the top 10 markets had two fundamental things in common.  First, homes prices never rose to nosebleed levels like they did in the hard hit area’s such as Florida, California, Nevada and Arizona.  Secondly, these area’s are experiencing fewer foreclosures and loan defaults than other regions of the United States.

            The 2011 Top 10 Housing Markets in the U.S. are:

                           City                                                Forecast

  • 1.  Portland, ME                                           3.6%
  • 2.  Kansas City, KS                                       3.5%
  • 3.  Tri-Cities, WA                                          3.4%
  • 4.  Omaha, NE                                                3.3%
  • 5.  Fargo, ND                                                  3.3%
  • 6.  New Orleans, LA                                     3.2%
  • 7.  Iowa City, IA                                            3.2%
  • 8.  Columbia, MD                                           3.1%
  • 9.  Bellevue, NE                                              3.1%
  • 10 Bismark, ND                                               3.1%

Thank you for visiting InfoTube.net FREE homes for sale and rent website.  Search out listings in complete privacy or list your property to reach thousands of additional home buyers each month. 

If you are interested in learning more about placing a property ad on Realtor.com or the MLS in your area, CLICK HERE!!!

Where will the Next Real Estate Boom Occur?

Wednesday, October 27, 2010 posted by Tommi Crow

  Where will the next real estate boom  happen?  According to research conducted by Patrick Doherty, of the New America foundation, it will likely be right in your home town.

The Great Recession has highlighted a fundamental change in what consumers do want: homes in central cities and closer-in suburbs where one can walk to stores and mass transit. Such “walkable urban” real estate has experienced less than half the average decline in price from the housing peak. Ten years ago, the highest property values per square foot in the Washington, D.C., metro area were in car-dependent suburbs like Great Falls, Virginia. Today, walkable city neighborhoods like Dupont Circle command the highest per-square-foot prices, followed by dense suburban neighborhoods near subway stops in places like Bethesda, Maryland, and Arlington, Virginia. Similarly, in Denver, property values in the high-end car-dependent suburb of Highland Ranch are now lower than those in the redeveloped LoDo neighborhood near downtown. These trend lines have been evident in many cities for a number of years; at some point during the last decade, the lines crossed. The last time the lines crossed was in the 1960s—and they were heading the opposite direction.

There are some obvious reasons for the growing demand for walkable neighborhoods: ever-worsening traffic congestion, memories of the 2008 spike in gasoline prices, and the fact that many cities have become more attractive places to live thanks to falling crime rates and the replacement of heavy industries with cleaner, higher-end service and professional economies.

But the biggest factor, one that will quickly pick up speed in the next few years, is demographic. The baby boomers and their children, the millennial generation, are looking for places to live and work that reflect their current desires and life needs. Boomers are downsizing as their children leave home while the millennials, or generation Y, are setting out on their careers with far different housing needs and preferences. Both of these huge demographic groups want something that the U.S. housing market is not currently providing: small one- to three-bedroom homes in walkable, transit-oriented, economically dynamic, and job-rich neighborhoods.

Thank you for visiting InfoTube.net for real estate.  We have provided marketing and sales assistance for owner, builders and real estate agents since 1988.  We can certainly help you with your sale, too.  Visit our site for details and Free Offers!!

5 Tips for Selling a Home in the Fall

Wednesday, October 13, 2010 posted by Tommi Crow

Fall is a marvelous time of the year and an excellant time for househunting.  The air is crisp, the leaves are changing, the holidays are just around the corner and every is feeling in the mood to nest.  Make the most of the season!!

1.    Change those Listing Photo’s to Show Off Those Pumpkins, Mums and Falling Leaves. 

2.    Days Are Getting Shorter…which means your rooms are getting darker.

  • Dark rooms don’t show well.  The simple solution…turn on more lights.  Consider changing out your lightbulbs to ones that project warmer (yellow) versus a cooler (blue) tint.
  • If your rooms are painted a dark color, lighten them up with a fresh coat of a light, neutral paint.
  • Do some spring cleaning and wash the windows if they aren’t clean

3.     Spruce up Your Curb Appeal

  • Make sure all summer annuals and perrenials have been pulled up or cut back.  If the bare spots look bad, consider planting mums, pansies or kales in their place.
  • Keep the leaves raked up.
  • Place a few mums and/or pumpkins by the front door or steps.

4.     Everyone Loves Fireplaces…so fire up your fireplace to add warmth and charm.

5.     Holiday Decorating – Less is More

  • Fall – Thanksgiving decor is more neutral than Christmas decorations…but don’t overdo.  Limit the amount of decorations to insure that buyers see the house.
  • Halloween is great fun for kids and adults, alike, but don’t overwhelm buyer’s with screaming witches, howling goblins and motion activated rats.   Too much Halloween can be very distracting to buyer’s trying to see a home for the first time.

Thank for visiting InfoTube.net.  We have a variety of tools and options that Sell Houses.  Visit the website for details.

The recently signed Distressed Condominium Relief Act of Florida has Wall Street and bulk investors diving  into the Florida condo market.

Florida  implented the act on July 1st and the result has been overwhelmingly successful, so far.   The first thing the act did was give condo associations the right to demand deliquent renters pay rents directly to the association.    Even more significant, the law eliminated developer liability.  Prior law defined a developer as  anyone who sold or leased more than 7 units in a condo in one year.   Under the old law, “Developers” faced potential unlimited liabilities for such things as construction warranties..

By removing the unlimited liabilty for bulk investors, major Wall Street firms, which represent billions in assets and capital, descended on South Florida and began gobbling up condo units in bulk.  “Since the law went into place, activity has been “off the charts”, said Peter Zaleswski, founder of Condo Vultures.   “We’re moving away from a situation where it’s 10 oe 20 units in a bulk buy, to one where it’s 100 or 200 or even 300 units,” Zalewski said.  “You have several Wall Street funds competing on the same projects.  It’s all because of the change in the new law.”

Good news for Florida homeowners and builders…Zalewski said the change has been drastic.  “I would challenge you to find one of the largest groups on Wall Street who’s not looking into South Florida right now.”  Zalewski predicted…”I would anticipate you see some huge numbers put on the board by the end of the year.”

Thank you for visiting InfoTube.net homes for sale and rent website.   Visit the site to Search for property, download free legal forms, place a free property listing, sign up for the MLS or buy an InfoTube or InfoBox for your “For Sale” sign.

Just Released Housing Snapshot for Major Cities

Tuesday, August 31, 2010 posted by Tommi Crow

Case-Shiller

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Real Estate Back to Normal on the Gulf Coast

Wednesday, August 11, 2010 posted by Tommi Crow

On Wednesday, analysts at Keefe Bruyette & Woods advised clients that real estate values along the Gulf of Mexico “will likely not get hit any harder” due to the BP oil spill.

The analysts came to their final conclusion after walking the beaches on the coast, talking to local residents and meeting with the large regional banks.  “We barely found any oil at all on the shore or in the Gulf,” analysts said. “We walked away feeling that the hype surrounding the spill was overdone, but that significant economic issues still exist in the region.”

InfoTube.net is very happy to report this good news for all coastal property owners, brokers and residents.   Thank you for visiting our website!   If you’re looking for information about InfoTubes, InfoBoxes, Flat Fee MLS, Realtor.com uploads, Free Legal Forms and Contracts…you’ve found the right website.

Top 10 Pro Business States for 2010

Tuesday, August 10, 2010 posted by Tommi Crow
America must be an integral part of global business if it is to remain a superpower, but “thus far we have done a terrible job of integrating ourselves in the 21st century marketplace,” says geoeconomist and corporate relocation expert Dr. Ronald R. Pollina in the just-released Pollina Corporate Top 10 Pro-Business States for 2010: The Great American Job Purge.

In the annual study of job retention and creation by the 50 states and the federal government, Dr. Pollina emphasizes “the effort to make America more business-friendly must come from all levels of government. Many states are doing such a poor job of creating a pro-business environment that they can’t even come close to competing with each other, much less compete globally.”

There are, however, states that serve as a model for the rest of the country. Brent Pollina, Vice President of Park Ridge, Illinois-based Pollina Corporate Real Estate and author of this year’s study, names Virginia as “America’s most pro-business state” followed closely by Utah, Wyoming, South Carolina, and North Carolina,. For the seventh consecutive year, California ranked dead last.

“In recent years, we have lost millions of the nation’s manufacturing, technology and high-wage service jobs, and this trend is escalating.” says Brent Pollina. “The federal budget deficit, trade deficits, low interest rates, family debt and inadequate educational systems are and will continue to have a negative impact on the U.S. economic, political and military strength in the 21st Century.

“We are deluding ourselves if we believe that we have not been impacted already, both socially and economically, and that our government, along with American ingenuity and tenacity, will correct for any losses. This report details how many state governments have the resources, but not the will, to keep Americans employed in high paying 21st century jobs.”

The study evaluates and ranks states based on 31 factors including taxes, human resources, right-to-work legislation, energy costs, infrastructure spending, workers compensation laws, economic incentive programs and state economic development efforts.

 
2010 Top 10 Pro Business Rankings
  1 Virginia 6 Nebraska
  2 Utah 7 Kansas
  3 Wyoming 8 South Dakota
  4 South Carolina 9 Alabama
  5 North Carolina 10 Missouri

Thank you for visiting InfoTube.net.   We invite you to take advantage of our home selling services and search our website for some of the best deals in real estate today.