The Great Turnaround!

By Lindsey, on May 13th, 2012

Is it actually going to happen? Is the housing market finally on its way to recovery?

The word on the street is that now may be the cheapest time to buy a home. Whether you are looking to buy a condo, invest in a real estate, or buy a single family home, it may be time to consider making an actual move on your dream.

Housing prices are down 34% across the nation since 2006. As everyone knows, mortgage rates don’t get much lower than where they are at now. A chief economist for PNC Financial predicts that home prices will level out by the third quarter and then start rising by 2013. Nationally, asking prices for homes has already risen 1.4% in the first quarter of 2012 in comparison to the end of 2011.

What is leading to the possibility of the housing market strengthening?

Geothermalography

By Lindsey, on April 13th, 2011

Geothermal heating? Is this really better? Anything is better than oil heat right?

I saw a commercial on tv recently promoting geothermal heat. Oil heat is still the main source of heat for many homes, especially on the east coast where the homes are older. It is expensive, NOT earth conscious, and quite frankly a little aged.

So the geothermal commercial prompted me to find out more about this efficient, green heating system. Here is what I found out.

Apparently in Maine there is a way for homeowners to get 30% of the installation cost put towards a tax credit. Sounds good but is it worth it?

This is not a new concept by any means. We have been using the earth’s warmth in productive ways since the Paleolithic era in things like hot springs. There are many left over minerals and solar energies that were absorbed when the earth was formed. The decay of these minerals is a somewhat radioactive. So the decay, along with the solar energy that is absorbed at the surface, creates a heat that can be used to warm our homes with the assistance of a heat pump.

Top 10 Places to Buy in 2011 – Part 2

By Lindsey, on March 8th, 2011

Did you catch last week’s blog? It was Part 1 of the Top 10 Places to Buy in 2011 check it out before reading on. So now we are to the second half.

Did you think the first half seemed pretty reasonable as far as the winning cities went? Let me know what you think about the 2nd half.

deerfield beach florida

1. Winner of Best View for the Money: Deerfield Beach, Florida.

For the buyers who the economy has hit hard, or the buyers who love the work they do but not the salary, this place could be their new hometown. With an average home price of $89,400. WHAT?!?!?! That’s right, 89,400 US dollars. This beach town is within driving distance of Miami for sportsfans and Ft. Lauderdale for those who prefer a more cultural experience. The view couldn’t get much better at this price!

Durham north Carolina

2. Winner of Best City to Retire In: Durham, North Carolina

Brokers Year In Review – Part Deux

By Lindsey, on December 16th, 2010

Following the previous post regarding brokers thoughts on the local markets, I have included the rest of the comments made here. This is just to give you a general idea of what the markets are looking like in these specific areas. If you are wondering what the market is like in the area you are interested in, be sure to contact a buyers agent who is knowledgeable about the local housing market.

5/3/2010 Broker King: The current trend is still pretty stable here, some slowing because of economy, average sale price $159064.  Petal, MS

5/5/2010 We have a busy market (after none!) only have about 1300 homes on market in a community of about 400,000. Mostly short sales. Broker Glassner Bakersfield, CA

5/8/2010 Agent Brine stated: Homes average price $275,000.  Halifax Nova Scotia

6/15/2010 Broker Davis says they still have a very active market, and prices have only dropped 20% in her area.  Would be easy to get a condo in the 150K-200K range. Virginia Beach, VA