The Brighter Side Of Real Estate In California This Year
March 1st, 2010 by aclazaro
Due to the inflation that happened most in this state, they were the very same ones who are more ready for an amazing comeback even before a full recovery for the economy transpires.
This is especially true for the cities of Poway, Sunnyvale, Arcadia and outside of LA where there is an increase of prices with an average of 28%. With inventory dropping in these very markets, which led to the rise of the demand, the California prices then made a rise from January to August of 2009.
Nevertheless, it is still quite useless to come up with instant conclusions about the overall market with just several cities as your basis. However, for as long as it gives positive symbols, not to mention the national indicators that come with the trends, we can tell a story that is definitely bright and something to look forward to in the world of real estate.
Photo via stockwatch.in
Agents’ Commissions Head Down As Rates Go Up
February 16th, 2010 by aclazaro
Bloomberg and RealTrends revealed a recent study that showed the commission of real estate agents to go down as a consequence of the value crash of the real estate value system. What surprised everyone is this occurrence of such a scenario despite the increase of the broker fees.
So what is the reason behind the raising of rates of the agents regardless of their deep need to have customers? From 2003 to 2005, agents bid for listings as competition gets tougher and tougher. But when the boom came to a halt, the good agents stopped the bids. They realized they were not prepared yet for the luxurious listings, financially in that sense.
Another possible reason for the lowering down of commissions is the tax credit for the home buyers for the first time. This also led to the sales increase of the averaged priced home units.
Real Estate Goes Green Too!
February 12th, 2010 by aclazaro
A couple of years ago, the new information technology revolution came to the world of the real estate investors. Suddenly, everyone actively involved in real estate has to study the new trends coming in and the brand new tools that they would need to know in order to adjust to the current setting.
Now, as the world of real estate tries to look forward into two more decades or so, we start from an age where the green revolution is about to unravel in all aspects of market and business. More and more real estate consumers are being educated with the help of all forms of media that when choosing a particular piece of real estate, they should include in their considerations that indoor air quality of their potential unit.
It is the perfect time to gain knowledge on how ‘Green’ can cause a leading change in every buyer’s decision-making process.
A Few Essential Tips To Remember For 2010 Real Estate Move
February 11th, 2010 by aclazaro
As 2010 begins, many home sellers should stop feeling that they are stuck in the economic rut. This is because the market for real estate is showing signs of mending. Sales activities are going up with home builders moving some inventory and values increasing in a number of US cities.
Here are a few tips for real estate homebuyers and sellers this year:
- Start searching for some down payment assistance programs. This is especially true for first time homebuyers at the legal and local levels.
- This is the best time for you to focus on home improvements. This would be perfect for a potential sale you are eyeing to offer or maybe just to ameliorate your everyday living.
- Be wiser in hiring real estate agents and inspectors. If you have a friend or a relative who is a real estate agent, then he/she is certainly a good choice in this still shaky market. You need to have someone who has a vast area of connections.
Brands with a Social Purpose
January 18th, 2010 by daphne reyes
It should be about building better communities and not just building homes. It should not just be about selling a good product but about selling a product that helps the environment. According to the third annual Edelman goodpurpose Consumer Study, the survey says that despite the recession, people are spending more on products that have a social purpose. 57 % globally say that companies are earning more on products that supports a good cause. The study also shows that 83% of people switch habits just to help make the world a better place. Considerably more people (70 percent) would prefer to live in an eco-friendly house than merely a big house (30 percent), and 68 percent also now feel that it’s becoming more unacceptable not to make noticeable efforts to show concern for the environment and live a healthy lifestyle.
People are becoming more and more aware of their responsibilities socially and this cause gains for companies who are true to their intentions on helping our world a better place to live in. Money loses its value as it is more important to save the earth than save money on brands that hurts our environment.