Homes & Property Jacksonville Texas

Price drops driving real estate sales spike

Buyers remain worried about financing, further price declines

Home prices vs. sales image via Shutterstock.

Growth in home sales appears to be driven by the willingness of sellers to lower their prices rather than a broad-based increase in demand and buyer confidence, according to an analysis by real estate data and analytics firm Radar Logic Inc.
In "Housing is a Buyer's Market," the company analyzes price and sales trends in the nation's 25 largest metro areas.
Sales of nondistressed properties increased last year, but that increase was accompanied by a decline in prices -- lowering the price spread between distressed and nondistressed sales, the report said.

"Insofar as sellers are willing to accept lower offers, housing is currently a buyer's market," the report said. "Unfortunately, difficulty in accessing financing and concerns over inventory are preventing buyers from entering the market in force."
Although the National Association of Realtors reported that there was only a 6.1 months' supply of existing homes for sale in January -- the lowest level of inventory since 2006 -- that doesn't take into account vacant homes held off the market, homes securing delinquent mortgages and in the foreclosure process, and homes with underwater mortgages, the report said.

Shy Shinalt
Keller Williams Tyler
http://www.shyshinalt.com/

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Are open houses useful or a waste of time? Yes

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I love it when I happen upon an open house in my neighborhood. I’ll wander in, check out the kitchen and bathrooms – wow, that’s a lot of avocado green – and grab a cookie on my way out.

You might be thinking, You just answered the question: open houses are a waste of time. Not so fast. Even though I come across as a dreaded lookie-loo, I know two families interested in moving to my neighborhood.

Yes, I’m nosy and enjoy checking out neighbors’ homes, too, but when I visit one that might work for my friends, I’ll e-mail the address and MLS number.

It’s not for everyone

Not everyone likes the idea of people parading through their home on a Sunday afternoon. And it takes a lot of effort to execute an open house, from cleaning and staging to moving your family somewhere else for three hours. You and your Texas REALTOR® need to come up with a comprehensive marketing plan specific to your situation, with or without open houses.

But you never know

One of the biggest arguments in favor of holding an open house is that it increases the visibility of your home. Because you never know where your buyers will come from. They could attend the open house, be the clients of a REALTOR® who visits your open house, or get an e-mail from me asking, Do you guys like avocado green?

Shy Shinalt

Keller Williams Jacksonville Texas

http://www.shyshinalt.com/

We offer our services in The Cascades, Cascades Tyler, Golf Resort, Country Club, Spa, seller financing, mansion, estate home, restrict, Home, listings, real estate, for sale, new condo, townhouse, agent, broker, mls, relocation, Tyler, Texas, lot, land, buyer, seller, Coldwell banker tyler, century 21 tyler, Tyler Real Estate, Flint Real Estate, Whitehouse Real Estate, Bullard Real Estate, Chandler Real Estate, Lindale Real Estate, Arp Real Estate, Lake Palestine Real Estate, Tyler Homes, Tyler Properties, Tyler Realtor, Tyler Real Estate Agent, Tyler, Flint, Whitehouse, Bullard, Chandler, Lindale, Arp, Lake Palestine, Smith County, real estate sales, buyer broker, buyers agent, Real Estate, multiple listing service, condo, condo conversion, townhouse, 1031 tax exchange, prequalification, mortgage loans, home locator, investment homes, investment properties, relocation specialist, residential, real, estate, residential real estate, houses, homes, Real Estate, estate homes, fine homes, multi-million dollar estate homes, multi-million dollar estates, foreclosure, reo, repo, bank repo, short sales, fixer, property, Realtor, Realtors, for sale, sale, buy, buyers, condominiums, townhomes, single family residence, view homes, duplex, duplexes, split levels, ranch style homes, single story homes, two story homes, RV access, pool homes, golf course view, ocean view, city lights view, nice neighborhood, era, we thank you very much for choosing Keller Williams