The weekly market update from Mike Simonsen of Altos Research. Today’s highlight is the focus on how Home prices have started to slip in a few states. Here are the highlights of the report:
Mortgage rates have recently surged into the 7% range, contributing to a slowdown in immediate home sales and an increase in price reductions, especially in states like Florida, Arizona, and Texas.
National home prices remain slightly higher compared to last year, but specific states are beginning to see declines.
There’s a significant rise in housing inventory, with a 1.7% increase this w... Read more

The recent economic conditions had unemployment rates higher than what they had been in more than a quarter of a century. Ironically the housing sector had created incredible opportunities as the interest rates in buying and selling were on the rise. During such times the country saw a gradual rise in the demand for real estate agents.

To become a real estate agent you can be educated in any of the business schools through diploma and course programs or you could have attained skills through online courses. What matters most to become a real estate agent is that you must posses a lice... Read more

Real estate events have been quite closely watched in these fluctuating times and there has been considerable improvement on the market conditions that is favoring the buyer this quarter.

While searching for the right place to settle in, do make a thorough search on the Homes for sale section of real estate websites. Community information of the various counties in CA including Sacramento, Roseville, Elk grove, Placerville, Yuba city through the various community pictures provide the needed information on the events that take place there which are displayed in various dedicated websi... Read more

Increasingly, Real Estate Professionals are hearing of a trend - which could remind folks of the movie, "War of the Roses."

Current real estate market conditions have some divorcing couples looking to separate their lives, but realizing they can’t afford to live apart until their home is sold.

Unlike a few years ago, when many homeowners had loads of equity to share, and really good credit, current times are providing many glimpses of reversal of fortune.

If you are one of those couples, and need to continue co-habiting until you get the house sold, and shore ... Read more

What to Do If You Are Divorcing and A Chilly Housing Market is Forcing You to Stay Under the Same Roof

Increasingly, GreatWest GMAC Real Estate Professionals are hearing of a trend - which could remind folks of a tamer version of the movie, “War of the Roses.”

Current real estate market conditions have some divorcing couples looking to separate their lives, but realizing they can’t afford to live apart until their home is sold.

Unlike a few years ago, when many homeowners had loads of equity to share, and really good credit, current times are providing many glimpses ... Read more

Is your home or property one which has sat on the market month after month? Are you pulling your hair out trying to explore the elusive reason your home continues to remain unsold?

Well, the answer may not be as puzzling as you think. Professionals at Great West GMAC Real Estate know the natural laws of the market are usually quite predictable. And a little analysis should reveal the truth.

“Virtually all houses are salable – if you put the right price, condition and terms on them,” says Sami Siddiqui, broker of Great West GMAC Real Estate.

Yet, a poorly priced ho... Read more