September Existing Home Sales Hit the High-Water Mark of 2014 at 5.17 Million on an Annualized Basis — Median Price Up 5.6 Percent Year-Over-Year to $209,700

September existing home sales rose to the highest level seen thus far in 2014, reaching a seasonally adjusted annualized rate (SAAR) of 5.17 million according to the National Association of Realtors (NAR). While sales rose 2.4 percent sequentially from August, they were 1.7 percent less than the 5.26 million SAAR seen a year ago. The …Read more

DrTCJ’s Tweets October 10 – October 16 2014

For those of you that do not Tweet – you should consider doing so. If you want to talk about effective bang for the buck, the 140 total characters, letters, numbers and spaces of a Tweet on Twitter certainly qualifies. Who knew you could say so much in so little. It reminds me of Mark …Read more

Another Top-10 List — States With the Greatest Real Estate Taxes

Governments require revenues to be able to deliver services (both necessary and discretionary) to the populace. Income taxes (corporate and personal), franchise taxes, sales taxes, value-added taxes, excise taxes, inheritance taxes, property taxes, capital gains taxes, permit fees, licensing fees, and use fees are just some of the revenue sources. Whether a state or locale …Read more

Insights Into Renters — 2014

As the homeownership rate has eroded from almost 70 percent a few years ago into the 64 percent range today, the number of renters has surged. That has placed substantial demand on the existing stock of rental housing, conversion of tens-of-thousands of formerly owner-occupied properties to renter status, and stimulated an explosion in new rental …Read more

Triggers to Online Searches – From the Retail Side

The internet Rocks when it comes to the real estate industry. Last year roughly 90 percent of all homebuyers used the internet in their search for a home according to the National Association of Realtors© as reported in the 2013 Profile of Home Buyers and Sellers. That is comparable to the 80 percent plus of …Read more