Home Values

Home Values

Average Sales 2002-2013, Units Sold and Price per Square Foot

2013 saw an increase in home sales and a stabilization of mid-range prices. The charts below show the number of units sold by price range and the average sales price per square foot by price
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January Housing on the Up

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the January edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among key indicators.
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Rates on New Home Loans Join Downward Trend

On Christmas Eve, the Federal Housing Finance Agency (FHFA) reported a 10 basis point decline in mortgage interest rates for the month of November. Data from FHFA’s Monthly Interest Rate Survey (MIRS) cover conventional single-family mortgages and distinguish whether the loans are for the
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Consumers More Committed to Buying or Selling This Year

Prudential Real Estate, an HSF Affiliates LLC real estate brokerage network, recently released results of its fourth quarter Consumer Outlook Survey indicating that consumers’ perception of residential real estate is increasingly favorable, and that consumers are more committed to buying and
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Can Shadow Inventory Help Relieve Price Pressure?

Home prices grew at the fastest pace in seven years in 2013. This is good news for property owners, both homeowners and landlords, as they witnessed, on average, a $32,000 gain in housing equity over the past two years. The equity increase is an immediate financial gain for many. For others, it
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10 Reasons to Buy a Brand New Home

Much like the rest of the real estate industry, new home construction is on the rise! Are you a real estate agent who sells or even specializes in new builds? Below is a list of the top 10 reasons for home buyers to buy a brand new house. Feel free to use this information during your buyer
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Today’s Buyers are Looking for these 10 Things in a Home

While David Letterman’s Top 10 lists generally culminate in a No. 1 ranking, the following list includes in no particular order 10 things that are important to buyers today, especially Millennials who represent a significant buyer niche in today’s market. 1. Quality of the neighborhood –
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No Signs of Cooling in Home Prices during this Winter

Data through November 2013, released recently by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that the 10-City and 20-City Composites increased 13.8 percent and 13.7 percent year-over-year. Dallas posted its highest
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Wait… What? More People Will Buy Homes if Prices go Up

While it seems counterintuitive, could higher home prices lead an increase in home sales? Two Federal Reserve Bank of San Francisco senior economists, William Hedberg and John Krainer think so as explained in an Economic Letter titled Why Are Housing Inventories Low? It's not that higher prices
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Having the Right Kitchen Remodel Can Pay Off

Traditional Kitchen by Boston Kitchen & Bath Designers Venegas and Company Unequivocally, the kitchen is … The most important space in a home today. From a home value perspective this means it is the most important space to get right. Where we all spend our time. Therefore, it is
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