Realty World - Success Plans, Inc. » Business and Economy http://realtyworldsuccess.com Serving you since 1986 Thu, 10 May 2012 06:28:14 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Is the real estate market improving? http://jefftung.net/2012/04/30/is-the-real-estate-market-improving-2/ http://jefftung.net/2012/04/30/is-the-real-estate-market-improving-2/#comments Mon, 30 Apr 2012 22:27:00 +0000 Jeff Tung http://realtyworldsuccess.com/2012/04/30/is-the-real-estate-market-improving-2/ My buyers are still experiencing multiple offer situations with all of the available listings here on the San Francisco peninsula,  especially with homes that are priced under $500,000.  They are getting frustrated and some have stopped searching all together.  All I can say is to hang in there and something will come your way.  This is still the best time to buy something while interest rates and home prices are still low.   Multiple offers will continue if the inventory continues to be scarce.  There might be some relief soon as banks start to release their huge shadow inventory.  It is estimated that there is more then a million homes that are being held.  Will this HELP?  I hope so. 
Related articles

More forclosures are coming(jefftung.net)
Surviving The Scramble For San Francisco Office Space(techcrunch.com)
Reinflating a New Housing Bubble?(counterpunch.org)
Inventory Shortage: Move Along; Nothing to See Here(redfin.com)
Lafayette CA Real Estate – Still a Bay Area Bargain(teamrothenberg.com)

]]> http://jefftung.net/2012/04/30/is-the-real-estate-market-improving-2/feed/ 1 To Buy or Not to Buy…That is the question??? http://janatlee.com/2011/05/02/to-bbuy-or-not-to-buy-that-is-the-question/ http://janatlee.com/2011/05/02/to-bbuy-or-not-to-buy-that-is-the-question/#comments Mon, 02 May 2011 15:48:00 +0000 Jana Lee http://realtyworldsuccess.com/2011/05/02/to-buy-or-not-to-buy%e2%80%a6that-is-the-question/ Here is an article that may be a spark to prospective home buyers…
Cheaper to buy than rent in 78% of major cities

Trulia: Dropping prices and rising rents boost affordability
By Inman News, Thursday, April 28, 2011.Inman News™
It is cheaper to buy a home than to rent one in 39 of the nation’s 50 largest cities, according to a quarterly report released today by real estate search and marketing site Trulia.
Trulia’s rent vs. buy index compared the median list price with the median rent on two-bedroom apartments, condominiums and townhomes listed on Trulia.com as of April 1, 2011, in the 50 most populous cities in the U.S. While 72 percent of the cities favored buying in the previous quarter’s report, 78 percent favored buying in this latest report.
“With home prices nearing a double dip and more foreclosures expected to flood the housing market over the next two years, the decision between renting and buying a home across most of the country has clearly moved in favor of buying,” said Ken Shuman, Trulia’s spokesperson, in a statement.
“As we head into the summer buying season, those looking to buy a home should be encouraged by improvements in the market and feel optimistic about their chances of finding an affordable home — much more so than in previous years.”
So you have it, another sign that the market is favorable or looking more favorable to the buying market.  Good luck and Go Do It !!!

]]> http://janatlee.com/2011/05/02/to-bbuy-or-not-to-buy-that-is-the-question/feed/ 0