With active properties serving as an increasingly important metric in today’s more dynamic markets, Homes.com has enabled customers to make adjustments to active properties in a recent enhancement to the CMAmazing product.
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Homebuyer Personalities
As spring knocks on our door, the busy real estate season is following closely behind. With the holidays and (most of) winter behind us and thoughts of newness ahead, the industry is about to pick back up. As more people come to you about wanting to buy a new home, it’s important to look at the personalities behind the purchases.
Home Prices See Biggest Increase in 7 Years
As the housing market continues to come back around, more and more statistics are surfacing that give us hope for the future. According to our friends at Inman News, things are definitely looking up. CoreLogic’s home price index is dishing out some encouraging news – home prices are up significantly!
According to CoreLogic, home prices were up 0.7 percent in January from December. While that may not seem like a huge month-to-month increase, consider this: January’s year-over-year home prices made the biggest jump in seven years – national home prices were up in January by 9.7 percent from a year ago. This is the biggest increase since 2006.
CoreLogic’s home price index got these impressive findings by following the repeat sales of single-family homes.
Higher home prices means more confidence in the real estate market. For you, this means more people may be searching the internet to find a good, reliable real estate professional to help them find their dream home. Is your online reputation up to par? Will homebuyers find the best version of you there is to offer when they hit the search engines?
If you haven’t already, click here to download our FREE eBook, Maximizing Your Online Reputation: A Playbook for Engaging with Consumers and Winning Their Business. As the real estate market improves, be sure your online reputation doesn’t hold you back.
Home Prices See Biggest Jump in Two Years, Home Sales Rise Too
We have more good news to report on the housing front. According to the S&P/Case-Shiller Index, home prices have seen the biggest jump in two years! In Q3, prices were up 3.6 percent higher than they were the same time last year!
Mortgage Rates Fall, Home Sales Rise
We love when there is good news to report in the real estate industry! Last week, average fixed mortgage rates fell to a record low for the second consecutive week! That’s according to mortgage giant Freddie Mac.
According to Freddie Mac, the rate on a 15-year fixed mortgage dipped to 2.69 percent and 30-year fixed mortgage dropped to a measly 3.36 percent, which is the lowest recorded rate since long-term mortgages began over fifty years ago! The New York Times is reporting that this is because the Federal Reserve started buying mortgage bonds to strengthen the housing recovery.
And while mortgage rates are falling, home sales are rising. Sales of previously occupied and newly built homes are up from last year, most likely due to the fall in mortgage rates, which has made builders more confident to build more homes in anticipation of selling. While we still have a ways to go until the market is back to a healthy place, these are definitely encouraging numbers!
Have you seen a spike in home sales in your area due to lower mortgage rates? Comment and let us know!