Posted June 19, 2012 by Rogers Healy

Fierce competition due to home shortage

The newest problem for this slowly improving housing market isn't a shortage of serious buyers, it's a shortage of good homes.

The housing inventory dropped to levels that haven't been seen since the bubble years.  The number of homes for sale in the U.S. hit 2.5 million in April which is the lowest April since 2006, according to the National Association of Realtors.

The lack of available homes is frustrating for many people wishing to purchase new homes and they are now trying to find homes before they are listed.

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Posted June 6, 2012 by Rogers Healy

Dallas home prices rise 3.5% in April

The price of a home in the Dallas-Plano-Irving area increased by 3.5 percent in April compared to the same month last year, according to the CoreLogic April Home Price Index released on Tuesday.

In Texas as a whole, home prices rose 2.4 percent in April 2012, year over year, including distressed homes and by 3.7 percent excluding distressed homes.

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Posted May 7, 2012 by Rogers Healy

Don't expect homes to get much cheaper

Buying a home may never get any cheaper than now.  Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market.

Homes have never been more affordable with prices down 34% nationally since 2006 and mortgage rates at historic lows, but it won't stay this way for much longer.

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Posted May 3, 2012 by Rogers Healy

Vacation homes close to home?

Sales of vacation homes are picking up as low prices pull buyers off the fence. But with travel costs rising and consumers still uncertain about the economy, many buyers are snapping up properties closer to home.

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Posted April 25, 2012 by Rogers Healy

Numbers point to a solid winter rebound in the housing market

Government figures for the previous two months were revised and the numbers are much higher than previously figured.  This points to a solid winter rebound in the housing market.

Helped by low prices, record low mortgage rates and an increase in hiring that has lowered the unemployment rate, the battered housing market has been showing signs of recovery so far this year.

It is now cheaper to buy a home than rent in much of the country.

 

If you are in the market to buy, rent or sell, contact Rogers Healy.

 

214.207.9580

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Posted April 11, 2012 by Rogers Healy

Tips for winning an apartment in a landlord's market

Apartment vacancy rates are expected to fall below 5% this year, crossing a benchmark into what is often considered a "landlord's market," said Brad Doremus, senior analyst for Reis, a commercial real-estate research company. Nationally, the apartment vacancy rate is expected to fall to 4.6%  by the end of the year.

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Posted April 10, 2012 by Rogers Healy

A great start to the home selling season

The first quarter of 2012 has brought a surge in home sales!

Pre-owned home sales were up 16 percent in the first quarter of 2012 compared to the same quarter last year.  Median home resale values were also up a solid 5 percent for the quarter with March alone boasting an 11 percent increase from a year ago.

 

This is great news for the housing market because March is the first real month of the selling season. Don't be surprised to see numbers as strong as these for the second quarter as well!

 

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Posted March 6, 2012 by

Obama administration announces new housing initiatives.

President Obama announced today new mortgage relief for members of the military, veterans and homeowners with government-insured loans to help those borrowers still struggling.

The new program is being pitched as an addition to the Home Affordable Refinance Program (HARP), and it enables borrowers with Fannie Mae or Freddie Mac loans with the opportunity to refinance, even if they owe more than what their homes are worth.  According to the Obama administration, the average borrower can save more than $1,000 a year by participating in the new program.

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Posted March 1, 2012 by

New Home Sales Exceed Expectations.

New home sales exceeded forecasts in the latest government readings Friday, another sign of a long-awaited recovery in the battered housing market.

The Census Bureau reported that the pace of new home sales hit a seasonally-adjusted annual rate of 321,000 in January, up from the previous reading for December and better than economists' forecasts. Census also revised the December figure higher to a rate of 324,000, meaning that the pace of sales was about 6% stronger that month than the original estimate.

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