Coldwell Banker Home Price Comparison Index Just Released

Just released is the 2009 Coldwell Banker Home Price Comparison Index of more then 310 different housing markets across the US, Canada, and the Caribbean. This year saw the largest differential recorded with about a $2 million gap between the most expensive market and the most affordable. The research is based on a traditional 4 bedroom, 2.5 bath home which averages roughly 2,200 sq.ft. La Jolla CA led the list as the most expensive while Grayling MI was the lease expensive. This chart is a great reference if you are potentially thinking about moving out of your current area and need to have a rough idea of what your money can get you here as opposed to your potential new place. Please remember that the full article is not attached but can be found by clicking on the tab labeled press release after you click on the link below. We are always here to assist with all your moves, whether it be local or out of state. We have made connections with various realtors across the country so think about us when you make that move.

New Home Sales Rise for the 5th Straight Month!

As mentioned sales continue to be up and new home sales are back in full swing. Inventory is continuing to be pushed lower by buyer demand. New home inventory as at the lowest levels since 1992. As we approach the deadline for the tax credit (Nov. 30th) inventory will continue to dwindle. Many realtors including myself feel the tax credit will be extended into the spring however we are uncertain as to how long or even how much it will be. Homes that are moving seem to also be priced in the lower price ranges of $450k and below. I have included the new home sales article below.

Housing Meltdown, Then and Now

Friday means it's time to look at interest rates and where they stand. Today it looks as if rates are around 5.17% for a 30 year fixed. As I was looking at rates I came across a pretty good article which talks about the financial/housing meltdown and what got us into the mess we were in. It's a pretty good and quick article to read and again hindsight is always 20/20. Take a look and make sure you're where you need to be in understanding the current market. As things pick back up, and in some places at a frantic pace do a little research and have a gut check, it could go a long way! Housing Meltdown Then and Now.

Quick Fixes Can Save Hundreds

Happy belated Labor Day everyone. Hopefully many of you enjoyed your three or four day weekend. I do hope none of you had to work on Labor Day unless absolutely necessary. I did put a little time in showing some properties but I am not complaining as long as the market is good. As we end summertime and now move into fall and soon into winter I wanted to continue the posts from about a week ago with ways you can save money around your home. Again these little things are quick fixes you can most likely complete yourself so take a few minutes to look at your home. It could save you hundreds of dollars as we approach the wind and cold of winter.