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 [...]
This Month in Real Estate for November 2010 has been released. First, Jay Papasan shared from the National Association of REALTORS that home sales were up across the United States 7.6%. We've seen more Baltimore houses go under contract in October as well, and once those statistics are released later this week, I will compare [...]
This Month in Real Estate for October 2010 is here, and is showcasing undervalued markets across the US. Pending home sales in the south, which the Baltimore housing market is part of, rose 1.2%, according to the National Association of REALTORS. Historically, more pending sales tend to eventually lead to higher prices, which is good [...]
This Month in Real Estate September 2010 is here early! September's video discusses foreclosures, and how California, Florida, and Arizona topped the list in most foreclosures per state. Maryland foreclosures too are at an all time high, as I discussed in both July & August, up 56.2% in the first half of 2010, and 10th [...]