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Blog Archives: January 2012 — December 2012

The Rilliet Report November 2012

November 13, 2012
Sheldon Rilliet
Although real estate tends to slow during November, news remains good as pending home sales have risen for 17 consecutive months on a year-over-year basis. According to Lawrence Yun, chief economist for the National Association of Realtors, existing-home sales in 2012 will total close to 4.6 million, an increase of 9% over 2011. With reports of lower unemployment rates, sales of existing homes are projected to rise at an average of about 9% next year too. Prices are rising in many areas of the United States. With a shrinking h ...

San Francisco Properties Rebounding

August 27, 2012
Sheldon Rilliet
San Francisco property values, as seen through the prism of annual tax assessments, are showing strong signs of rebounding, according to Assessor Phil Ting. Meanwhile, a separate report showed the number of underwater homes in the nine Bay Area counties slowly subsiding as values rise. Read more: http://www.sfgate.com/business/article/SF-property-values-rebounding-3814168.php#ixzz24oQR68qo

Green Homes Sell for More? Study finds that energy-efficient homes often command higher prices

August 02, 2012
Sheldon Rilliet
  It has been a controversial question in the home real estate market for years: Is there extra green when you buy green? Do houses with lots of energy-saving and sustainability features sell for more than houses without them? If so, by how much? Some studies have shown that consumers’ willingness to pay more for Energy Star and other green-rated homes tends to diminish during tough economic times. Others have found that green-certified houses sell for at least a modest premium over similar but less-efficient homes. ...

Bidding Wars Catch Buyers Off-Guard

April 30, 2012
Daily Real Estate News | Monday, April 30, 2012 Home buyers are unexpectedly finding more competition this spring in landing their dream home. Bidding wars are increasingly being reported in markets across the country, from California to Florida, The Wall Street Journal reports. "It's a little surprising because we thought bidding wars were done with," Andy Aley, a home shopper in Seattle, told The Wall Street Journal. Aley says he was outbid on a home earlier this year, even though he offered to pay $23,000 above the listing price ...

The Rilliet Report March

March 29, 2012
Sheldon Rilliet
Spring historically marks a time when real estate activity increases, and this year’s numbers are already positive! The National Association of Realtor’s (NAR) Pending Home Sales Index rose 8% over January of 2011 and 2% over December. The index is based on signed real estate contracts for existing single-family homes, condos and co-ops. NAR’s Chief Economist, Lawrence Yun, says this is a hopeful indicator going into the spring home-buying season. “Job gains, high affordability, and rising rents are pushing the market into what ...

The Rilliet Report

February 17, 2012
Happy New Year! By all indications, 2012 is looking good for real estate. Throughout 2011, pending home sales stayed above 2010 levels and, according to a recent report by the National Association of Realtors (NAR), sales of existing homes rose for the third straight month in December, providing encouraging news as we enter 2012. Although the overall trends are positive, Lawrence Yun, NAR’s chief economist, concedes that contract failures remain a problem. As much as one-third of all escrows are affected by contract delays or failures ...

New Content for the Site

January 06, 2012
According to CNN, "When it comes to dating, homeownership can be the ultimate aphrodisiac." In a survey of 1,000 single people, more than a third of women and 18% of men said they would much rather date a homeowner than a renter. Only 2% of women said they preferred to date a man who rents, while only 3% of men said they would choose a woman who rents over one that owns her home, according to the survey, which was conducted by Harris Interactive for real estate site Trulia. Both sexes also clearly prefer it when there's no ...

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