Private Transfer Fees Affect Home Pricing and Marketability

April 25th, 2016 Categories: Random Thoughts

Over the last decade, real estate developers have begun to use private transfer fees to generate long-term income. The fees, typically 1% to 1.75% of the sale price of a property, have to be paid to the developer each time the title to the property changes hands, as it does during a home sale. Read the rest of this entry »

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Survey: More Renters Want to Become Homeowners

June 29th, 2015 Categories: Random Thoughts

Americans have favored buying over renting, even during the recent Great Recession, and this year is no different. The 2013 National Housing Pulse Survey, by the NATIONAL ASSOCIATION OF REALTORS®, found Americans overwhelmingly believe owning a home is a good financial decision, and a majority of renters say homeownership is one of their highest priorities for the future. Read the rest of this entry »

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Home Prices Rose 5.8% in 2014

January 26th, 2015 Categories: Community News, For Buyers, For Sellers

For 2014, the national median existing home price hit its highest level since 2007: $208,500. The median price also represents a 5.8% increase from 2013 ($197,100), data from the NATIONAL ASSOCIATION OF REALTORS® show.

Meanwhile, the number of home sales for the year declined 3.1%. But despite low levels of properties for sale in many markets, the number of single-family homes, townhomes, condominiums, and co-ops that sold in December 2014 rose 2.4% from November and were up 3.5% compared with December 2013. Read the rest of this entry »

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