Each month, the National Association of Realtors® releases a study called the Existing Home Sales report. It’s a detailed look at “used” home sales data from all four regions of the country. One of the key findings in each Existing Home Sales report is something called the “median sales price”, the statistical price point at […]
Entries Tagged as 'Consumer Interest'
Why National Housing Prices Don’t Mean Much
August 18th, 2008 · Comments Off on Why National Housing Prices Don’t Mean Much
Tags: Consumer Interest · Economy · Mortgage Lending · Real Estate
Understanding Pending Home Sales
August 15th, 2008 · Comments Off on Understanding Pending Home Sales
When home sellers accepts a contract on MLS-listed property, the property’s official status changes from “Active” to “Pending”. By measuring the number of “Pending” homes nationwide, the National Association of Realtors® publishes its once-monthly Pending Homes Sales Index. The real estate industry group positions the report as a predictor of future home sales activity, stating that […]
Tags: Consumer Interest · Economy · Real Estate
House Stimulus Bill has Changes in Capital Gains Tax Treatment
August 5th, 2008 · Comments Off on House Stimulus Bill has Changes in Capital Gains Tax Treatment
Monday, President Bush signed the Housing and Economic Recovery Act of 2008 into law and the press jumped on the obvious storylines: First-time home buyers get a $7,500 purchase “credit” Conforming loan limits move to $625,000 Delinquent homeowners get a lifeline from the FHA Local governments get federal money for buying and restoring foreclosed homes […]
Tags: Consumer Interest · Economy · Mortgage Lending · News · Real Estate
Cash for First Time Homebuyers!
August 1st, 2008 · Comments Off on Cash for First Time Homebuyers!
Photo Courtesy of Creativecommons.org The President signed into law the Landmark housing legislation Wednesday. The law is designed to help the housing industry and the credit industry recover from the mortgage melt-down of the past year, and provide stability in the financial markets. Those portions of the bill are important, but some sections of the […]
Tags: Consumer Interest · Real Estate
Patience and Info help Transactions Work
July 31st, 2008 · Comments Off on Patience and Info help Transactions Work
Photo Courtesy of Creative Commons and jbelluch One of our agents brought me an offer on a listing of mine. The price was very low and she was very apologetic but said the buyer just wouldn’t make a higher offer. I presented it to my seller knowing that they wouldn’t be happy. I suggested they […]
Tags: Consumer Interest · Opinion · Real Estate
When a Little Goes a Long way
July 29th, 2008 · Comments Off on When a Little Goes a Long way
Every homeowner’s basic toolkit should include caulk, a sealing agent for sinks, bathtubs, windows and other places where seams exist. And now, with the mass-market availability of Caulk Singles, that toolkit can be made a bit smaller. Caulk Singles are a one-time-use caulk package, squeezable from the bottom-up and billed as easier-to-control and clean-up than […]
Tags: Consumer Interest
Calculating Inflation’s Cost
July 28th, 2008 · Comments Off on Calculating Inflation’s Cost
The phrase “Consumer Price Index” can be intimidating and unclear to Americans. It’s an economic term, after all, and not a part of everyday American language. It even has its own abbreviation to add to the confusion — CPI. So, when a layperson hears that “CPI is rising”, it’s not always clear what it means. […]
Tags: Consumer Interest · Consumer Lending · Economy
Walk in Philadelphia and Save Gas!
July 24th, 2008 · Comments Off on Walk in Philadelphia and Save Gas!
Photo Courtesy of creativecommons.org Ric E Ette In a world where each gallon of gas costs over $4, people are interested in buying properties in convenient locations. They want to be able to take trains or buses or other forms of public transportation, and wonder of wonders, they want to be able to walk places. […]
Tags: Consumer Interest · Economy · Local · Pennsylvania · Real Estate
Get Rid of Those Weeds!
July 21st, 2008 · Comments Off on Get Rid of Those Weeds!
In this two-and-a-half minute video from Expert Village, nurseryman Scott Reil tells us: Why weeding is important How to weed with efficiency at home How to use mulch as a weed-retardant There are two basic ways to weed a garden, according to our video host — you can use your hands or you can use […]
Tags: Consumer Interest