Archive for the ‘Real Estate Market’ Category
Selling Home In Houston
The recent economic scenario is also affecting the Houston real estate market as it has become very common for the people of this city to experience lack of job opportunities or job slacks. “Cash for houses” or “We buy houses fast” are some of the sign boards that you get to read at almost every intersection in the city of Houston.
Selling your home using a local realtor or via the MLS (Multiple Listing Services) prove to very time consuming and most of the money received at the end of the transaction is also lost in the realtor fees or closing costs. To save you from the tedious and time consuming process of selling your home, following are some ideas which can help you in getting attractive prices and quick sale:
- Ensuring a good first impression to the seller by displaying a well cut yard.
- Getting a fresh whitewash done on the exterior walls.
- Discarding any redundant stuff lying around the house.
- Getting the doors and windows polished afresh.
Real estate expert help regarding the Houston real estate can be taken by Houston home owners who wish to for quick cash from a quick sale. You can even look for Houston Realtors by searching online. All you have to do is type in “Houston homes bought fast” or “Sell your Houston Home fast” and you will come across a range of Houston realtors or companies which will assist you in a quick home sale. You can then call them or visit their office and get in touch with their representatives and find out how the quick home sale procedure works.
Diversifying Commercial Market Ruling Pune Real Estate
Pune real estate market is rapidly growing following the Indian real estate trend. The real estate activities are happening at extensive rate in commercial sector of the city. Pune commercial real-estate is developing at a breakneck speed. Retail outlets and malls are mushrooming everywhere to meet the rapid retail boom and the increasing purchase power parity of the middle class. With multiplexes and malls and retail outlets being the popular category, the values of commercial properties in Pune have shot through the roof. Pune developers are increasingly constructing commercial property to meet specific themes in mind.
For instance road-facing commercial complexes with large open area and floor area to accommodate number of commercial ventures is the latest trend in Pune. These real estate buildings are occupied by automobile showrooms as well as theme restaurants. The CBD areas of the city such as Deccan, MG Road are seeing a transition as old real estate buildings are being sold to the commercial owners and for constructing high-rise commercial projects. Large floor plates make these projects flexible in nature to house different commercial organizations.
Pune commercial real estate values are increasing and the current value at Central Business District is approximately Rs 4,000-6,000 per sq ft. Pune Real Estate Builders have started building residential complexes adjoining commercial building to provide an integrated solution to both residential as well as commercial patrons.
Commercial real estate activities in the city are covering the areas such as Bund Garden Road, Dhole Patil Road, Station Road and RTO and has given way to multiple emerging micro-markets like Kalyani Nagar, Senapati Bapat Road, Mundhwa, Aundh, Baner and Yerwada. Even the peripheral locations such as Hinjewadi and Wakad in the west and Nagar Road, Hadapsar Road, Kharadi and Sholapur Road in the east, offer real estate buildings for new offices and expansion plans, thereby making Pune a diverse growth market.
Bend Oregon Real Estate – A Buyer’s Market
Real estate prices in Bend have been going up steadily over the last five years. According to statistics from the Multiple Listing Service of Central Oregon home prices have almost doubled in the last four years. The MLS shows that the number of sales of homes in the third quarter of 2006 was down 19.32%. However the average sales price was up 25.09% during the same period. These statistics can be misleading because of the lag time of the new home sales and the final closing date.
Some new homes are put under contract before the foundation is poured. This can leave 6 to 12 months before the home is completed and closed. All statistics from the MLS are based on the “Sold” date. Therefore these statistics are skewed. The sale is not reflected properly.
Prices are actually coming down this fall and probably will continue through the winter as the inventory continues to build. It is taking longer for homes to sell and there are more homes for buyers to choose from.
The real estate markets in California, Arizona, Florida and other key states are leading indicators on how the market in Bend will do. In1989 real estate values in Bend jumped 35%. Out of state buyers from California, Florida, Arizona, Washington State and other hot markets were selling their homes for large profits and moving to Bend to buy larger homes. 1990 and 1991 saw the out of state markets dry up with prices falling. The Bend market followed these markets before it picked up again.
This winter is the time to buy real estate in Bend. There are homes on the market now that have been substantially reduced with seller’s willing to take any reasonable offer. Some homes are vacant and can be bought with a lease-purchase. We look for the market and prices to pick back up next spring.
A report recently released by the Federal Deposit Insurance Corp., or FDIC reported that Bend is the 35th fastest growing job market in the country for the second quarter of 2006, wit a job growth rate of 4 percent during that period. The FDIC reported sales activity in Oregon fell 12 percent in the same quarter.
Building permits for single family homes have been constantly falling but the pace of building takes a while to slow down from the torrid pace of 2005. Builders have to develop the lots, get permits and start the construction. Construction of the average homes takes about six months. There are still new homes coming on the market today that were in the planning stages in 2005.
Some builders are also starting to offer more incentives if you buy one of their homes. Upgrades in appliances, floor coverings, wood work, landscaping and other aspects of construction are now free. Some builders are also willing to pay points in order to help buyers qualify for lower payments on their loans.
The National Association of Realtor’s chief economist, David Lereah, predicted that sales through the rest of 2006 will be lower than earlier predicted. “This year, sales are slowing, homes are plentiful and sellers are negotiating,” Lereah said. “Under these conditions, we will probably see prices dip temporarily below year-ago levels as the market works through a buildup in housing inventory.”
The Central Oregon Association of Realtors is the best place to track the home sale statistics in Bend and Central Oregon. You can find these statistics on their web site. Keep in mind that these statistics include many new homes that were put in escrow months before the official closing date.
If you are a real statistics buff you can go to the web site of the Office of Federal Housing Enterprise Oversight. It has a housing price index for all states individually, a house price calculator and other useful tools. However, keep in mind that these reports lag behind reality somewhat. Real estate prices in Bend are falling now and will continue through the winter.
Interest rates are still low and gas prices are falling, all good signs that the real estate market in Bend will be picking up next spring. If you have ever thought about buying real estate in Bend Oregon now may be the best opportunity you will have in a long time. There are some good buys in today’s market. Look for prices to start going up this spring.