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February Newsletter- what you need to know this month

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National Home Prices Continue to Rise Median home prices are showing strong year-over-year growth. Annual prices reached the highest rate in the past eight years in November, when the national median existing-home price climbed to $196,300. The median time for a home to stay on the market in November was 56 days—a slight drop from October's median of 54 days but a significant improvement over November 2012's...   Read More 7 Mistakes to Avoid When Investing in Real Estate There is money to be made in real estate, but you need to think about real estate investing as the business it is. Here are some common mistakes that beginning investors should avoid.   1. Getting emotionally involved. This is the biggest and most common mistake beginning investors make. Emotions and business do not mix well. In this case, falling in love with a property will almost always ensure that...   Read More What a Home Inspection Can Do for You While giving a new $900,000 home a thor...

December 2013 newsletter

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3 National Housing Market Trends After hitting post-recession highs, existing-home sales declined in September. According to the National Association of Realtors, total existing-home sales were down 1.9 percent from August to September. Yet for the past 27 months, sales have stayed above year-ago levels, and September proved to be no exception; sales are still 10.7 percent above the pace set at the same time last year. The Northeast saw a sales decline of 2.8 percent but managed to surpass last year's...  Read More Remodeling Market Index Highest Since 2004 More homeowners are upgrading their homes' windows and installing their dream kitchens. For the second quarter in a row, the Remodeling Market Index has climbed. According to the National Association of Home Builders, the RMI has risen by a modest two points to 57. This is the highest the index has reached since the first quarter of 2004. The index measures the optimism of remodelers in regards to the current and fut...