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Segments For November 15th 2014


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    THE NATIONAL ASSOCIATION OF REALTORS®
    HouseLogic.com
    REALTOR®.com
    HSH.com

    Top News Of The Week

    - Production of Homes Poised to “Take Off”
    - Bright Spots in Home Buying
    - Big and Affordable Housing Markets
    - Mortgage Refinancing Spikes
    - Housing Tied to Personality
    - Real Estate Optimism is High
    - Economic Shifts Will Benefit Housing
    - Home Price Growth Normalizes
    - House Hunting Takes a While
    - Baby Boomers are Keeping Their Homes

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    Local Market Conditions

    It’s time to continue our look at the latest facts and figures from across the country as we look at the most recent existing home sales report from the NATIONAL ASSOCIATION OF REALTORS®.

    This week we’re going to dig further into the existing home sales numbers, looking at the condo and co-op market to see what effect it had on the housing numbers we saw in September.

    But first let’s recap what we saw in overall existing home sales for September. After several back-to-back month increases in Existing Home Sales, August saw a slight downturn and we wondered if this might carry on over into September.

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    What Should – and Should Not – Be Involved in Pricing your Home?

    We’re going to tackle one of the toughest questions there is – about price: How much should you sell your house for?

    If you’re thinking about putting your house on the market, you probably have SOME idea about what it’s worth. But – before you put that number in stone, you need to realize that almost everyone thinks their home is worth more — than it really is. That’s because we all love our houses. So of course, whatever you love about your house makes it worth more than the other houses in your neighborhood, right? Well – OK – maybe. But usually? That’s not the case.

    In fact, quite often, most homeowners use what you might call ‘bad math’ to figure out the value of their home. It’s perfectly natural, perfectly logical, and it’s something we ALL do. But – when you look at it closely, you’ll find the numbers don’t add up. So let’s look at what NOT to do when you’re figuring out the value of your home. And then? We’ll look at what you should do – to arrive, at the right price.

    Number one: remember that time you were out front, raking your lawn, and the neighbor stopped by? He said your house was so beautiful, it would sell for more than any other house in the neighborhood. And you never forgot that. It’s one of the most common experiences homeowners have. A casual comment about your home’s value – gets in your head. And you just won’t let it go. Bad Math? Yep. Your neighbor’s compliment was just that – a compliment – with no numbers to back it up.

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    Pricing Dilemmas – And How to Survive Them

    We’ve been looking at all the different ways people in a real estate transaction look at ‘price.’ The buyer wants a deal – the seller wants a profit – and the lender wants a safe transaction.

    What is the ‘right price?’ As we’ve learned, it depends whom you ask!

    And with so many different perspectives – how can you keep the deal on track? Sometimes – it’s not easy.

    So we’re going to wrap up today’s show by looking at some of those pricing dilemmas – how to avoid them – and how to keep the transaction headed straight to the settlement table.

    Let’s start with buyers – and the biggest question of all: How much do you offer?

    Sure, you could offer full price. But that’s not reality. Since nearly every buyer dreams about getting the house they want at a bargain price.

    And – you could make a lowball offer. Like – really low. But making a lowball offer can sometimes be a big mistake. Because if it’s too low? The seller could get insulted – and they might refuse to work with you at all. It happens! So – that lowball offer? Could kill the deal.

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    Segments For November 8th 2014


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      THE NATIONAL ASSOCIATION OF REALTORS®
      HouseLogic.com
      REALTOR®.com

      Top News Of The Week

      - New Home Sales at Six Year High
      - Upward Climb for Housing
      - Millennials Think Highly of Homeownership
      - Veterans Spark Housing Boom
      - Top Recovering Housing Markets
      - Another Jump in Home Values
      - Dream of Homeownership is Alive
      - Small Mortgage Lenders Step Forward
      - Boomerang Home Buyers Return
      - Landscaping Impacts Home Values

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      Local Market Conditions

      It’s time to take a look at the latest real estate facts and figures from across the country. This week we’re looking at the most recent report from THE NATIONAL ASSOCIATION OF REALTORS® detailing third quarter metro area home sales and prices.

      And according to the Third Quarter Metro Home Sales and Price data released this week, home values are still increasing but at a much more moderate rate than we’ve seen. In fact, in all 4 of the major regions, the Northeast, Midwest, South and West, we saw price increases at or below 5% from 1 year ago. Now, don’t worry, this is actually quite a good thing. Why? This is a much more stable growth rate and the sign of a healthy self-sustainable market.

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      Smart Home Technology

      We’re taking a look back at some of the most exciting moments we’ve shared over the years.

      And perhaps NOTHING is more exciting than the prospect of controlling our homes with the tap on a screen.

      We’re talking about smart homes.

      Some people know it as home automation, or smart home technology, or even ‘the home of the future.’ But whatever you call it, this new technology is changing your ‘home,’ into a ‘smart home.’ The same way technology changed your ‘phone’ into a ‘smartphone.’

      Just think about it. We launched this show nearly six years ago. That’s an eternity in terms of technology! So we’ve seen some big changes happen – and here at Real Estate Today, we have reported on those changes, to keep YOU in the loop.

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      Best Advice – Use a REALTOR®

      We’re trying to take all of the best advice for buyers sellers and homeowners from our first 299 shows – and bring it straight to you…in ONE show.

      OK, that’s not going to happen. Because over the years we’ve heard so MUCH great advice. Strategies, tactics, techniques – all designed to help you thrive in real estate. Too much to put into just one show.

      So, when we put together today’s show, we asked – what sort of advice have we heard the most? And it actually became pretty clear. For buyers? Get pre-approved for a mortgage. For Sellers? Price your home right. For home owners – keep that investment maintained – really well. And for people getting a mortgage? Shop around for the best deal.

      But there’s one more piece of advice – which we’ve heard even more than the rest. And that is – if you’re going to buy or sell real estate – use a REALTOR®. Don’t try to do it alone.

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      Segments For November 1st 2014


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        THE NATIONAL ASSOCIATION OF REALTORS®
        HouseLogic.com
        REALTOR®.com

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