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Friday, May 09, 2008
ALEXANDRIA - Based on the information given by a realtor in Greater Alexandria, the local real estate market is having a continuous steady growth in it's value. In the year 2006, the average cost of a residential home in Alexandria was about $161,290 and in the year 2007 the average cost of a home increased to $168,132. One of the greatest financial aspects of purchasing a house is the ability to leverage your money.
Leverage permits you to use a small down payment and financing to purchase a larger investment. For instance, if you bought a $150,000 home with 20 percent down, you leveraged the $30,000 down payment to get an asset worth 5 times that amount. The advantage of leverage really becomes apparent with appreciation or the rise in value of a property. If you take the same $150,000 and the property values in your area were to increase on an average of 3 percent a year, your house would then be worth almost $175,000 in 5 years.
Thursday, April 24, 2008
Real estate in cities such as San Francisco, Seattle and New York continues to climb as during the first quarter of the year 2008; the median price for a Manhattan house went up to 18%, to $872,000, when compared with the same period in 2007, based on a Web portal repot that came in April. The median price for all of New York City includes much of the weaker middle-class neighborhoods in the Brooklyn, Bronx, Staten Island and Queens rose to 4% in the first quarter, to $535,000.
These numbers continue to astonish everyone in the real estate market. Manhattan real estate now continues to climb greater heights due to the wealth of its buyers, strong job market, limited supply of homes and the weak dollar that is roping in foreign buyers. And Manhattan isn't only America's strong market, real estate market in Charlotte, N.C. and Austin, Tex., is also equally good.
Wednesday, April 16, 2008
Liz Crawford will not venture from her sofa for anything less than a two bedroom condo with a parking lot, washer and dryer. At the same time, she looks for homes by searching the list of Norfolk, Va., houses in her price range which is emailed to her automatically from the real estate broker's website. If she finds something interesting, then her agent will send her the full listings and they hardly ever speak over the phone!
Crawford says, "It is really nice to stay at home and do the searching" she also added "When it comes to searching a house it is definitely a tedious task." These great online real estate websites have become an established part, when it comes to home buying or selling process over the past few years, and these websites do offer a wider variety of services and helpful tips; in some cases it also brings positive relationships between the sellers, buyers and the real estate agents.
Monday, April 07, 2008
While home prices in some parts of the nation are falling, Charlotte managed to eke out modest gains when compared to last year. The most watched Standard and Poor's/Case-Shiller home price index released recently showed Charlotte posting a 1.8 percent rise in January as the 20-city index fell 10.7$ 5 $7- the steepest decline in the index's two decade history. Local officials and real estate agents cited the strength in the regional economy and Charlotte's history of more modest house price growth during the boom years as reasons the market was holding up now. A real estate broker said, "We are still selling here in Charlotte"
That's not to say Charlotte, with approximately 1.7 million people in its metropolitan area, isn't feeling the same pressures as the rest of the nation. "You have to try a little harder to sell more of your listings, but homes are selling," said a broker in the city. The Charlotte area is home to 9 Fortune 500 company headquarters, including 2 of the country's 4 largest banks, Bank of America Corp. and Wachovia Corp. More than 14,000 jobs were created in the Charlotte area last year, compared with about 12,000 jobs in 2006.
Wednesday, April 02, 2008
San Francisco city will very soon boast the greenest buildings in America. The local government last week took a critical step which is considered to be the toughest environmental construction standards in the United States. Now companies and families who are planning to build houses and offices might be required to earn green points by introducing water and energy saving measures.
For example, existing technologies such as solar water heating can cut greenhouse emissions from a building by one-third.) Failing to earn green points, they will risk losing their construction permits. Today construction is not pretty area of climate policy, but it is an area where huge gains can be made for relatively at little expenditure. Yet authorities are regulating the housing booms in places like the south west of America and there are so many cities that have done little to promote such measures.
Wednesday, March 26, 2008
Canadians account for more than half of all new houses purchased in Florida, Texas and California. Due to strong Canadian dollar, declining American dollars and weak housing prices due to the sub-prime mortgage mess have increased the desire for Canadians to obtain real estate properties across America. Explosive local housing markets in Canada where Canadians are seeing double digit appreciations in their own home values. Local real estate brokers in Florida, Arizona and California and other Sun Belt states are seeing plenty of Canadian buyers. According to a real estate agent in Sarasota, in the past six month nearly 20 percent of his calls are from Canadians.
Tuesday, March 18, 2008
Homes all across Florida are going up for auction, many with no reserve, reflecting an increasingly desperate real estate market. More than 50 condominiums and brownstones will be up for auction at the Village of Wilton Station in Wilton Manors on March 28. At least 10 of the units up for auction are to be sold with no reserve, advertisements for the auction say. That means there is no minimum price the home must be sold for. One of the Florida developers is taking up auctions online.
More than 3,000 acres of land in the Florida Panhandle are auction off through internet. Some of the properties for auctions include, 3,000 acres of recreational property in Gadsden County near Tallahassee; Sabel Island, 56 acres in Port St. Joe, with plans in place for an 18-lot residential subdivision; and Brewton Lane, 29.5 acres in Bay County near Panama City which is residentially zoned for 50 to 60 lots.
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