As Julie Greenwood, Greater Albuquerque Association of Realtors President stated, " These numbers reflect a simple economic premise; when inventories get low, price starts to react". The February 2013 Market Report shows a February average sale price was $203,514 a month over month 9.38% increase from January 2013.
Wikipedia deinfes a short sale as a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens' full amounts, and whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Here are ten misconceptions about Short Sales.
In 1900, Miami had a total popuation of 1,000 residents. Within one hundred years, Miami has blossomed into a gateway for Latin America and European visitors but also those that want to call South Florida home. Currently Miami has 2.5 million residents with high rise buildings filling the skyline but it hasn't always been that way. Miami Real Estate has changed and continues to be at the forefront of the American Real Estate market.
Hurricane Sandy's destruction increased the number of housing starts in the Northeast by about 19% from November to Decemebr of 2012. A key indicator is the number of building permits issued and although November rates stayed the same, the month of Decemeber saw almost a 29% increase from last year.
Tyesha Boudreaux recently made arguably one of the biggest purchases of her life: her very first home. Like many Millennials, Boudreaux, 28, grew tired of paying the apartment rent increases that accompanied each renewal.
“Rather than throw money away, I thought ‘why not invest in a home that I could possibly sell down the line?’” she said.