Condo Prices Reveal Housing Trends
Condo Prices Reveal Housing Trends
In trying to get a read on how much real estate markets are slumping, some people may be looking at the wrong indicator.
The National Association of Realtors (NAR) tracks sales of both single-family homes and condos.
In the third quarter of 2005, NAR stats for single-family homes show that prices fell 1.2 percent from a year earlier, with 30 percent of markets showing declines.
Condo prices not only dropped more steeply, 2.1 percent, but 46 percent of markets showed declines. Which gives a truer picture?
Then leave us your comment about the article. Do you agree with the author that condo prices reveal housing trends? Share your opinion with us.
Filed under Home Buying Tips, Real Estate News, Spokane Real Estate by Buyer's Broker
Tips for Selling Your Home in Winter
Tips for Selling Your Home in Winter
What makes selling a home more stressful? Selling it in the middle of winter.
The lawn is brown, the weather is usually bad and, unlike the longer days of summer, you have less time to show it off during daylight hours.
But not everyone has the luxury of waiting until the traditional spring or summer home buying season to plant that "for sale" sign, and while it's true that in most areas you'll probably have fewer buyers during the winter, you will have less competition from other sellers.
That makes staging — the concept of showing your house at its best — even more important. Be prepared to put a little effort into it. "It's more difficult to make something look really appealing this time of year," says Ron Phipps, broker with Phipps Realty in Warwick, R.I.
If you do it right, you can really make your house stand out.
Have you had any experiences in selling a home in winter? Leave us your comment below about the article.
Filed under Home Buying Tips, Spokane Real Estate by Buyer's Broker