This Month in Real Estate September 2011 has been released. Jay Papasan goes over the numbers first. The home sales pace rate dropped to 4.7 million, dropping from a high last month of 5.1 million per August 2011 This Month in Real Estate. The pace dropped tremendously! 30 Year Fixed Rate Mortgages, according to Freddie [...]
This Month in Real Estate August 2011 Edition has been released! First, Jay Papasan goes over the numbers. Home sale activity rose back up to an annual pace of 5.1 million during the month of July, after dropping to 4.8 million in June, per July 2011's This Month in Real Estate . The median price [...]
This Month in Real Estate for July 2011 has been released! First, as always, Jay Papasan discusses the numbers: Home sales dropped a little to a pace of 4.8 million home sales for the year, versus the 5.1 million they were averaging per June 2011's This Month in Real Estate. The median home sales price [...]
This Month in Real Estate for June 2011 has just been released! First, Jay Papasan discusses the numbers: Home sales remained steady in May at a pace of 5.1 million home sales for the past 12 months. The median home sales price is up to $164,000 from last month. The average rate for a 30 [...]
This Month in Real Estate for May 2011 is out! Jay Papasan first addresses the numbers, with both home sales and median price being up over last month. Freddie Mac's data showed that the average rate for a 30 year fixed mortgage was 4.8%. Jay then discusses research about the one thing you can do [...]
This Month in Real Estate for April 2011 is out! First, Jay Papasan discusses the numbers. The current national average for a mortgage rate is 4.8%, according to Freddie Mac. Then he discusses how much time you should spend with an agent before looking at homes. The first step should be a buyer consultation, that [...]
This Month in Real Estate for March 2011 has been released, and is full of information about rising interest rates and how sellers can showcase their homes best online. First, Jay Papasan shares that mortgage rates jumped, creating a sense of urgency for some buyers. The average fixed rate for a 30 year fixed mortgage [...]
This Month in Real Estate for February 2011 shares that 89% of all homebuyers begin their home search online. Jay Papasan also shared that home sales were at an annual rate of 5.3 Million with a median home sales price of $168,800, and the national average mortgage interest rate was 4.71%. For selling a home [...]
This Month in Real Estate for January 2011 has been released. The January episode begins with the National Association of REALTORS(R) statistics on how Home Affordability is at an all time high. Jay Papasan discusses these statistics, sharing that home payments are only 13.6% of the median family household income. In 2007, the percentage was [...]
This Month in Real Estate December 2010 is ready for viewing. First, Jay Papasan shares that houses on the market as "For Sale By Owner" has dropped from 11 percent to nine percent nationwide. From a recent poll from the National Association of REALTORS, on average, homes tend to get more money when an agent [...]